PNC Financial Services Group, Inc. (the) · NYSE:PNC
PNC Financial Services Group, Inc. (the) — Shareholder Meeting (April 2007)
12 slides from PNC Financial Services Group, Inc. (the)'s shareholder meeting presentation, Apr 24, 2007
Slide 1: The PNC Financial Services Group, Inc. Annual Meeting of Shareholders
Exhibit 99.1 The PNC Financial Services Group, Inc. Annual Meeting of Shareholders April 24, 2007
Slide 2: James E. Rohr, Chairman and Chief Executive Officer
James E. Rohr Chairman and Chief Executive Officer
Slide 3: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information This presentation may contain forward-looking statements regarding our outlook or expectations relating to PNC’s future business, operations, financial condition, financial performance and asset quality. Forward-looking statements are necess
Slide 4: 2006 Accomplishments
2006 Accomplishments Highlights Record net income Closed on BlackRock/MLIM transaction – $1.6 billion increase in capital * Strong client activity – business segment earnings grew 9% Balance sheet well positioned for this interest rate environment Overall asset quality remained very strong Mercantil
Slide 5: Generating Continued Growth
Generating Continued Growth Year End Assets Revenue Earnings Record Record Record $102 billion $8.6 billion $2.6 billion $ billions $ billions $ billions $120 $9 $2.5 $8 $100 Adjusted* $7 $2.0 $1.5 billion $80 $6 $5 $1.5 $60 $4 $1.0 $40 $3 $2 $0.5 $20 $1 $0 $0 $0.0 2004 2005 2006 2004 2005 2006 2004
Slide 6: PNC Outperforms Peers
PNC Outperforms Peers Relative Stock Price Performance - 12/31/05 through 4/18/07 125% 120% S&P 500 Index 115% Peer 110% Group 105% 100% 95% 12/31/05 3/31/06 6/30/06 9/30/06 12/31/06 3/31/07 12/31/05 closing price equals base for indexing Peer Group reflects average of 11 super-regional banks, inclu
Slide 7: First Quarter 2007
First Quarter 2007 Highlights Earnings per diluted share increased 23% over 1Q06 Return on average common equity was 15.59% Average loans increased 10% over 1Q06 Average deposits increased 14% over 1Q06 Mercantile integration is well underway Increased our second quarter 2007 dividend 15%
Slide 8: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information We make statements in this presentation, and we may from time to time make other statements, regarding our outlook or expectations for earnings, revenues, expenses and/or other matters regarding or affecting PNC that are forward-looking stat
Slide 9: Cautionary Statement Regarding Forward-Looking Information (continued)
Cautionary Statement Regarding Forward-Looking Information (continued) • Legal and regulatory developments could have an impact on our ability to operate our businesses or our financial condition or results of operations or our competitive position or reputation. Reputational impacts, in turn, could
Slide 10: Non-GAAP to GAAP Reconcilement
Non-GAAP to GAAP Reconcilement Appendix Summary Income Statement BlackRock For the year ended December 31, 2006 PNC Deconsolidation and BlackRock PNC In millions As Reported Adjustments (a) Other Adjustments Equity Method As Adjusted Net interest income $2,245 $(10) $2,235 Provision for credit losse
Slide 11: Non-GAAP to GAAP Reconcilement
Non-GAAP to GAAP Reconcilement Appendix Business Earnings Summary Year Ended Earnings (Loss) $ millions 2006 2005 Growth Retail Banking $765 $682 12% Corporate and Institutional Banking 463 480 (4%) BlackRock (a) (b) (c) 187 $152 23% PFPC 124 104 19% Total business segment earnings 1,539 1,418 9% Ot
Slide 12: Peer Group of Super-Regional Banks
Peer Group of Super-Regional Banks Appendix Ticker The PNC Financial Services Group, Inc. PNC BB&T Corporation BBT Comerica CMA Fifth Third Bancorp FITB KeyCorp KEY National City Corporation NCC Regions Financial RF SunTrust Banks, Inc. STI U.S. Bancorp USB Wachovia Corporation WB Wells Fargo & Comp
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