PNC Financial Services (PNC)

Net Interest Income

Net interest income was $2.915 billion for 2007 and $2.245 billion for 2006, an increase of $670 million, or 30%. This increase was consistent with the $20.3 billion, or 26%, increase in average interest-earning assets during 2007 compared with 2006. The net interest margin was 3.00% in 2007 and 2.92% for 2006, an increase of 8 basis points.

Net Interest Income

Net interest income was $2.245 billion for 2006 and $2.154 billion for 2005. Net interest income on a taxable-equivalent basis was $2.270 billion for 2006 compared with $2.187 billion for 2005, an increase of $83 million, or 4%. The increase reflected the impact of the 6% increase in average interest-earning assets during 2006 partially offset by a decline in the net interest margin. The net interest margin was 2.92% for 2006, a decline of 8 basis points compared with 2005.

Net Interest Income

Net interest income was $2.154 billion for 2005 and $1.969 billion for 2004. Net interest income on a taxable-equivalent basis was $2.187 billion for 2005 compared with $1.989 billion in 2004, an increase of $198 million, or 10%. The net interest margin was 3.00% for 2005, a decline of 22 basis points compared with 2004. Net interest income increased in 2005 compared with the prior year as strong growth in earning assets and deposits in 2005 more than offset the decline in the net interest margin.