K EY F ACTORS A FFECTING F INANCIAL P ERFORMANCE for PNC FINANCIAL SERVICES GROUP INC (PNC)

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PNC Financial Services (PNC)

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PNC » Topics » K EY F ACTORS A FFECTING F INANCIAL P ERFORMANCE

This excerpt taken from the PNC 10-Q filed May 11, 2009.

KEY FACTORS AFFECTING FINANCIAL PERFORMANCE

Our financial performance is substantially affected by several external factors outside of our control including the following, some of which may be affected by legislative, regulatory and administrative initiatives of the Federal government such as those outlined above:

•

General economic conditions, including the length and severity of the current recession,

•

The level of, and direction, timing and magnitude of movement in, interest rates and the shape of the interest rate yield curve,

•

The functioning and other performance of, and availability of liquidity in, the capital and other financial markets,

•

Loan demand, utilization of credit commitments and standby letters of credit, and asset quality,

•

Customer demand for other products and services,

•

Changes in the competitive landscape and in counterparty creditworthiness and performance as the financial services industry restructures in the current environment, and

•

The impact of market credit spreads on asset valuations.

In addition, our success will depend, among other things, upon:

•

Further success in the acquisition, growth and retention of customers,

•

Progress toward integrating the National City acquisition,

•

Continued development of the geographic markets related to our recent acquisitions, including full deployment of our product offerings,

•

Revenue growth,

•

A sustained focus on expense management, including achieving our cost savings targets associated with our National City integration, and creating positive pre-tax, pre-provision earnings,

•

Managing the distressed assets portfolio and other impaired assets,

•

Maintaining solid overall asset quality,

•

Continuing to maintain our deposit base,

•

Prudent risk and capital management leading to a return to our desired moderate risk profile, and

•

Actions we take within the capital and other financial markets.

This excerpt taken from the PNC 10-K filed Mar 2, 2009.

KEY FACTORS AFFECTING FINANCIAL PERFORMANCE

•

General economic conditions, including the length and severity of the current recession,

•

The level of, and direction, timing and magnitude of movement in interest rates, and the shape of the interest rate yield curve,

•

The functioning and other performance of, and availability of liquidity in, the capital and other financial markets,

•

Loan demand, utilization of credit commitments and standby letters of credit, and asset quality,

•

Customer demand for other products and services,

•

Changes in the competitive landscape and in counterparty creditworthiness and performance as the financial services industry restructures in the current environment,

•

Movement of customer deposits from lower to higher rate accounts or to investment alternatives, and

•

The impact of market credit spreads on asset valuations.

In addition, our success will depend, among other things, upon:

•

Further success in the acquisition, growth and retention of customers,

•

Progress toward integrating the National City acquisition,

•

Continued development of the markets related to our recent acquisitions, including full deployment of our product offerings,

•

Revenue growth,

•

A sustained focus on expense management, including achieving our cost savings targets associated with our National City integration, and creating positive operating leverage,

•

Managing the distressed assets portfolio,

•

Maintaining solid overall asset quality,

•

Continuing to maintain our solid deposit base,

•

Prudent risk and capital management leading to a return to our desired moderate risk profile, and

•

Actions we take within the capital and other financial markets.

See also Item 1A Risk Factors and the Cautionary Statement Regarding Forward-Looking Information section of Item 7 of this Report.

This excerpt taken from the PNC 10-Q filed Nov 6, 2008.

KEY FACTORS AFFECTING FINANCIAL PERFORMANCE

•

General economic conditions, including the length and severity of an anticipated recession,

•

The level of, and direction, timing and magnitude of movement in interest rates, and the shape of the interest rate yield curve,

•

The functioning and other performance of, and availability of liquidity in, the capital and other financial markets,

•

Loan demand, utilization of credit commitments and standby letters of credit, and asset quality,

•

Customer demand for other products and services,

•

Changes in the competitive landscape and in counterparty creditworthiness and performance as the financial services industry restructures in the current environment,

•

Movement of customer deposits from lower to higher rate accounts or to investment alternatives, and

•

The impact of market credit spreads on asset valuations.

In addition, our success will depend, among other things, upon:

•

Further success in the acquisition, growth and retention of customers,

•

Progress toward closing and integrating the planned National City acquisition,

•

Continued development of the markets related to our other recent acquisitions, including full deployment of our product offerings,

•

Revenue growth,

•

A sustained focus on expense management and creating positive operating leverage,

•

Maintaining solid overall asset quality,

•

Continuing to maintain our solid deposit base,

•

Prudent risk and capital management, and

•

Actions we take within the capital and other financial markets.

This excerpt taken from the PNC 10-Q filed Aug 8, 2008.

KEY FACTORS AFFECTING FINANCIAL PERFORMANCE

Our financial performance is substantially affected by several external factors outside of our control, including:

•

General economic conditions,

•

The level of, and direction, timing and magnitude of movement in interest rates, and the shape of the interest rate yield curve,

•

The functioning and other performance of, and availability of liquidity in, the capital and other financial markets,

•

Loan demand, utilization of credit commitments and standby letters of credit, and asset quality,

•

Customer demand for other products and services,

•

Movement of customer deposits from lower to higher rate accounts or to investment alternatives, and

•

The impact of market credit spreads on asset valuations.

Starting in the middle of 2007, and continuing at present, there has been significant turmoil and volatility in worldwide financial markets, accompanied by uncertain prospects for the overall national economy. Our performance for the remainder of 2008 will continue to be impacted by developments in these areas. In addition, our success in 2008 will depend, among other things, upon:

•

Further success in the acquisition, growth and retention of customers,

•

The successful integration of our recent acquisitions,

•

Continued development of the markets related to our recent acquisitions, including full deployment of our product offerings,

•

Revenue growth,

•

A sustained focus on expense management and creating positive operating leverage,

•

Maintaining solid overall asset quality,

•

Prudent risk and capital management, and

•

Actions we take within the capital and other financial markets.

This excerpt taken from the PNC 10-Q filed May 12, 2008.

KEY FACTORS AFFECTING FINANCIAL PERFORMANCE

Our financial performance is substantially affected by several external factors outside of our control, including:

•

General economic conditions,

•

The level of, and direction, timing and magnitude of movement in interest rates, and the shape of the interest rate yield curve,

•

The functioning and other performance of, and availability of liquidity in, the capital and other financial markets,

•

Loan demand, utilization of credit commitments and standby letters of credit, and asset quality,

•

Customer demand for other products and services,

•

Movement of customer deposits from lower to higher rate accounts or to investment alternatives, and

•

The impact of market credit spreads on asset valuations.

Starting in the middle of 2007, and continuing at present, there has been significant turmoil and volatility in worldwide financial markets, accompanied by uncertain prospects for the overall national economy. Our performance for the remainder of 2008 will be impacted by developments in these areas. In addition, our success in 2008 will depend, among other things, upon:

•

Further success in the acquisition, growth and retention of customers,

•

The successful integration of our recent acquisitions,

•

Continued development of the Mercantile franchise, including full deployment of our product offerings,

•

Revenue growth,

•

A sustained focus on expense management and creating positive operating leverage,

•

Maintaining solid overall asset quality,

•

Prudent risk and capital management, and

•

Actions we take within the capital and other financial markets.

This excerpt taken from the PNC 10-K filed Feb 29, 2008.

KEY FACTORS AFFECTING FINANCIAL PERFORMANCE

Our financial performance is substantially affected by several external factors outside of our control, including:

•

General economic conditions,

•

Loan demand, utilization of credit commitments and standby letters of credit, and asset quality

•

Customer demand for other products and services,

•

Movement of customer deposits from lower to higher rate accounts or to investment alternatives,

•

The level of, direction, timing and magnitude of movement in interest rates, and the shape of the interest rate yield curve, and

•

The functioning and other performance of, and availability of liquidity in, the capital and other financial markets.

•

The impact of credit spreads on valuations of commercial mortgage loans held for sale and the market for securitization and sale of these assets.

Starting in the middle of 2007, and continuing at present, there has been significant turmoil and volatility in worldwide financial markets, accompanied by uncertain prospects for the overall economy. Our performance in 2008 will be impacted by developments in these areas. In addition, our success in 2008 will depend, among other things, upon:

•

Further success in the acquisition, growth and retention of customers,

•

The successful integration of Yardville and progress toward closing and integrating the Sterling acquisition,

•

Completing the divestiture of Hilliard Lyons,

•

Continued development of the Mercantile franchise, including full deployment of our product offerings,

•

Revenue growth,

•

A sustained focus on expense management and creating positive operating leverage,

•

Maintaining strong overall asset quality,

•

Prudent risk and capital management, and

•

Actions we take within the capital and other financial markets.

This excerpt taken from the PNC 10-Q filed Nov 8, 2007.

KEY FACTORS AFFECTING FINANCIAL PERFORMANCE

Our financial performance is substantially affected by several external factors outside of our control, including:

•

General economic conditions,

•

Loan demand and utilization of credit commitments,

•

Customer demand for other products and services,

•

Movement of customer deposits from lower to higher rate accounts or to investment alternatives,

•

The level of, direction, timing and magnitude of movement in interest rates, and the shape of the interest rate yield curve, and

•

The performance of, and availability of liquidity in, the capital markets.

In addition, our success in the remainder of 2007 and into 2008 will depend, among other things, upon:

•

Further success in the acquisition, growth and retention of customers,

•

The successful integration of Yardville and progress toward closing and integrating the Sterling acquisition,

•

Revenue growth,

•

A sustained focus on expense management and creating positive operating leverage,

•

Maintaining strong overall asset quality, and

•

Prudent risk and capital management.

This excerpt taken from the PNC 10-Q filed Aug 8, 2007.

KEY FACTORS AFFECTING FINANCIAL PERFORMANCE

Our financial performance is substantially affected by several external factors outside of our control, including:

•

General economic conditions,

•

Loan demand and utilization of credit commitments,

•

Customer demand for other products and services,

•

Movement of customer deposits from lower to higher rate accounts or to investment alternatives,

•

The level of, direction, timing and magnitude of movement in interest rates, and the shape of the interest rate yield curve, and

•

The performance of the capital markets.

In addition, our success in the remainder of 2007 will depend, among other things, upon:

•

Further success in the acquisition, growth and retention of customers,

•

The successful integration of Mercantile and progress toward closing and integrating the Yardville and Sterling acquisitions,

•

Revenue growth,

•

A sustained focus on expense management and creating positive operating leverage,

•

Maintaining strong overall asset quality, and

•

Prudent risk and capital management.

This excerpt taken from the PNC 10-Q filed May 9, 2007.

KEY FACTORS AFFECTING FINANCIAL PERFORMANCE

Our financial performance is substantially affected by several external factors outside of our control, including:

•

General economic conditions,

•

Loan demand and utilization of credit commitments,

•

Movement of customer deposits from lower to higher rate accounts or to investment alternatives,

•

The level of interest rates, and the shape of the interest rate yield curve,

•

The performance of the capital markets, and

•

Customer demand for other products and services.

In addition to changes in general economic conditions, including the direction, timing and magnitude of movement in interest rates and the performance of the capital markets, our success in the remainder of 2007 will depend, among other things, upon:

•

Further success in the acquisition, growth and retention of customers,

•

The successful integration of Mercantile,

•

Revenue growth,

•

A sustained focus on expense management and creating positive operating leverage,

•

Maintaining strong overall asset quality, and

•

Prudent risk and capital management.

This excerpt taken from the PNC 10-K filed Mar 1, 2007.

KEY FACTORS AFFECTING FINANCIAL PERFORMANCE

Our financial performance is substantially affected by several external factors outside of our control, including:

•

General economic conditions,

•

Loan demand and utilization of credit commitments,

•

Movement of customer deposits from lower to higher rate accounts or to off-balance sheet accounts,

•

The level of interest rates, and the shape of the interest rate yield curve,

•

The performance of the capital markets, and

•

Customer demand for other products and services.

•

Further success in the acquisition, growth and retention of customers,

•

The successful consummation and integration of the planned Mercantile acquisition,

•

Revenue growth,

•

A sustained focus on expense management and efficiency,

•

Maintaining strong overall asset quality, and

•

Prudent risk and capital management.

This excerpt taken from the PNC 10-Q filed Nov 9, 2006.

KEY FACTORS AFFECTING FINANCIAL PERFORMANCE

Our financial performance is substantially affected by several external factors outside of our control, including:

General economic conditions,

Loan demand and utilization of credit commitments,

Movement of customer deposits from lower to higher rate accounts or to off-balance sheet accounts,

The level of interest rates, and the shape of the interest rate yield curve,

The performance of the capital markets, and

Customer demand for other products and services.

In addition to changes in general economic conditions, including the direction, timing and magnitude of movement in interest rates and the performance of the capital markets, our

success in the remainder of 2006 will depend, among other things, upon:

Further success in the acquisition, growth and retention of customers,

Successful execution of the One PNC initiative,

Revenue growth,

A sustained focus on expense management and improved efficiency,

Maintaining strong overall asset quality, and

Prudent risk and capital management.

This excerpt taken from the PNC 10-Q filed Aug 9, 2006.

KEY FACTORS AFFECTING FINANCIAL PERFORMANCE

Our financial performance is substantially affected by several external factors outside of our control, including:

General economic conditions,

Loan demand and utilization of credit commitments,

The level of interest rates, and the shape of the interest rate yield curve,

The performance of the capital markets, and

Customer demand for other products and services.

Further success in the acquisition, growth and retention of customers,

Successful execution of the One PNC initiative,

Revenue growth,

A sustained focus on expense management and improved efficiency,

Maintaining strong overall asset quality, and

Prudent risk and capital management.

This excerpt taken from the PNC 10-Q filed May 9, 2006.

KEY FACTORS AFFECTING FINANCIAL PERFORMANCE

Our financial performance is substantially affected by several external factors outside of our control, including:

General economic conditions,

Loan demand and utilization of credit commitments,

The level of interest rates, and the shape of the interest rate yield curve,

The performance of the capital markets, and

Customer demand for other products and services.

Further success in the acquisition, growth and retention of customers,

Successful execution of the One PNC initiative,

Revenue growth,

A sustained focus on expense management and improved efficiency,

Maintaining strong overall asset quality, and

Prudent risk and capital management.

PNC Financial Services (PNC)

PNC » Topics » K EY F ACTORS A FFECTING F INANCIAL P ERFORMANCE

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