FINHUB Insights

PNC · Q1 FY23 · Jan 1 – Mar 31, 2023

PNC Financial Services Q1 FY23: where the revenue came from and where it went

PNC Financial Services Q1 FY23: revenue $5.6B (+19% year over year). Net profit $1.7B. Largest cohort Retail banking $3.0B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2023
Reported
May 2, 2023 10-Q
Sankey diagram of PNC Financial Services's income statement for Q1 FY23: revenue of $5.60 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$5.60B +19% year over year
Operating profit$2.05B 37% margin
Net profit$1.69B 30% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY23 (period ends Mar 31, 2023).
ItemValueShare of revenueYear over year
Revenue 5.60 100% +19%
Retail banking 3.02 54%
Corporate 2.27 40%
Asset management group 0.36 6%
Compensation−1.8333%−4pp
Occupancy−0.254%−1pp
Marketing−0.071%+0pp
D&A−0.285%−1pp
Interest−0.9016%+35pp
Credit provisions−0.234%+8pp
Operating profit2.0537% margin+0pp
Tax−0.35
Net profit1.6930%+0pp
Filing on EDGAR More quarters of PNC

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.