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PNC » Topics » Adjusted Condensed Consolidated Income Statement Reconciliations (Unaudited) (a)

This excerpt taken from the PNC 8-K filed Jan 17, 2008.

Adjusted Condensed Consolidated Income Statement Reconciliations (Unaudited) (a)

 

For the three months ended December 31, 2006    PNC         PNC

In millions

    As Reported    Adjustments (b)    As Adjusted

Net Interest Income

         

Net interest income

    $ 566       $ 566

Provision for credit losses

      42         42
                

Net interest income less provision for credit losses

      524         524
                

Noninterest Income

         

Asset management

      149    $ 10      159

Other

      820      12      832
                    

Total noninterest income

      969      22      991
                    

Noninterest Expense

         

Compensation and benefits

      497         497

Other

      472         472
                

Total noninterest expense

      969         969
                    

Income before income taxes

      524      22      546

Income taxes

      148      7      155
                    

Net income

    $ 376    $ 15    $ 391
                    

 

(a) See note (a) on page A1.
(b) Includes the impact of the following items on a pretax basis: $12 million net loss related to our BlackRock LTIP shares obligation and $10 million of BlackRock/MLIM transaction integration costs.

 

Page A5

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