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PNC » Topics » SELECTED CONSOLIDATED INCOME STATEMENT INFORMATION

This excerpt taken from the PNC 8-K filed Jul 23, 2009.

SELECTED CONSOLIDATED INCOME STATEMENT INFORMATION

 

     Three months ended     Six months ended  

In millions

    June 30
2009 (a)		     March 31
2009 (a)		     June 30
2008		     June 30
2009 (a)		     June 30
2008		  

NONINTEREST INCOME

           

Residential mortgage servicing hedging gains

    $ 58      $ 202        $ 260     

BlackRock LTIP shares adjustment

        103      $ 80        103      $ 120   

Gains (losses) on private equity and alternative investments

      (29 )      (122 )      (36 )      (151 )      (9 ) 

Trading gains (losses)

      91        (11 )      53        80        (23 ) 

Gains on sales of loans

      69        17        4        86        14   

Hedges of deferred compensation (b)

      41        (29 )      8        12        (5 ) 

NONINTEREST EXPENSE

           

Integration costs - primarily National City

      125        52        13        177        27   

FDIC insurance special assessment

      133            133     

Deferred compensation (b)

      41        (29 )      8        12        (5 ) 
This excerpt taken from the PNC 8-K filed Apr 23, 2009.

SELECTED CONSOLIDATED INCOME STATEMENT INFORMATION

 

     Three months ended  

In millions

    March 31
2009 (d)		     December 31
2008		     March 31
2008		  

NONINTEREST INCOME

       

Residential mortgage servicing hedging gains

    $ 202      

BlackRock LTIP shares adjustment (a)

      103     $ 177     $ 40  

Gains (losses) on commercial mortgage loans held for sale, net of hedges

      (1 )     16       (166 )

Gain on sale of Hilliard Lyons (b)

          114  

Visa redemption gain

          95  

Gains (losses) on private equity and alternative investments

      (122 )     (92 )     27  

PROVISION FOR CREDIT LOSSES

       

Integration costs–National City (c)

        504    

NONINTEREST EXPENSE

       

Integration costs–National City

      51       71    

Integration costs–other

      1       10       14  

Visa indemnification liability

        (3 )     (43 )
                        

 

(a) The first quarter of 2009 included a $98 million pretax gain from the mark-to-market adjustment related to our remaining BlackRock LTIP common shares obligation and resulted from the decrease in the market value of BlackRock common shares up to the February 27, 2009 restructuring of our ownership of BlackRock common and preferred equity. The comparable amounts for the fourth quarter of 2008 and first quarter of 2008 were pretax gains of $177 million and $37 million, respectively.
(b) The impact of the gain was $23 million after taxes.
(c) Conforming provision for credit losses.

EXCERPTS ON THIS PAGE:

8-K
Jul 23, 2009
8-K
Apr 23, 2009

RELATED TOPICS for PNC:

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