The Pnc Financial Services Group, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Announces Net Charge-Offs for the Fourth Quarter Ended December 31, 2015
For the year, the company reported total revenue of $15,225 million against $15,375 million a year ago. Income before income taxes and non-controlling interests was $5,507 million against $5,614 million a year ago. Net income attributable to common shareholders was $3,881 million against $3,947 million a year ago. Net income attributable to diluted common shares was $3,846 million or $7.39 diluted per share against $3,918 million or $7.30 diluted per share a year ago. Book value per common share as on December 31, 2015 was $81.84 against $77.61 as at December 31, 2014. Tangible book value per common share as on December 31, 2015 was $63.65 against $63.37 as at December 31, 2014.
The company announced net charge-offs for the fourth quarter ended December 31, 2015. For the quarter, the company reported net charge-offs of $120 million compared with net charge-offs of $118 million for the fourth quarter of 2014.