On April 18, Pittsburgh-based PNC Financial Services
- Net interest income increased by 12.1%, and EPS grew over 20%.
- Average loans increased by 10%, primarily lead by the acquisition of Mercantile Bankshares.
- For a full analysis of the quarter, read this Foolish take.
- PNC is a two-star stock in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Total Revenue |
$1,698.0 |
$1,719.0 |
(1.2%) |
|
Net Interest Income |
$623.0 |
$556.0 |
12.1% |
|
Net Profit |
$459.0 |
$354.0 |
29.7% |
|
EPS |
$1.46 |
$1.19 |
22.7% |
Get back to basics with a look at the income statement.
Ratio Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Net Interest Margin |
2.95% |
2.95% |
0.00% |
|
Efficiency Ratio |
61.00% |
67.00% |
(6.00%) |
|
Nonperforming Assets / Assets |
0.17% |
0.22% |
(0.05%) |
|
Return on Average Assets |
1.73% |
1.56% |
0.17% |
|
Return on Average Equity |
15.59% |
16.67% |
(1.08%) |
Find out more about bank performance ratios.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Investments |
$29,516 |
$24,170 |
22.1% |
|
Loans |
$65,307 |
$51,787 |
26.1% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Deposits |
$77,367 |
$60,899 |
27.0% |
|
Total Liabilities |
$106,457 |
$83,849 |
27.0% |
Learn about bank assets and bank liabilities.
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