Effective Income Tax Rate Reconciliation, New Markets Tax Credit, Amount
PNC Financial Services Effective Income Tax Rate Reconciliation, New Markets Tax Credit, Amount remained flat by 0.0% to $8.75M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 53.9%, from $19.00M to $8.75M. Over 2 years (FY 2023 to FY 2025), Effective Income Tax Rate Reconciliation, New Markets Tax Credit, Amount shows a downward trend with a -48.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase reflects higher investment in qualified low-income community projects, leading to lower tax expenses.
Detailed definition
The absolute dollar amount of tax benefits derived from New Markets Tax Credits, which are designed to incentivize inves...
Peer comparison
Commonly used by large financial institutions for tax optimization and social impact.
other_effective_income_tax_rate_reconciliation_new_marke_528f79Historical Data
| FY'23 | FY'24 | FY'25 | |
|---|---|---|---|
| Value | $130.00M | $76.00M | $35.00M |
| YoY Change | — | -41.5% | -53.9% |
Effective Income Tax Rate Reconciliation, New Markets Tax Credit, Amount at Other Companies
Frequently Asked Questions
- What is PNC Financial Services's effective income tax rate reconciliation, new markets tax credit, amount?
- PNC Financial Services (PNC) reported effective income tax rate reconciliation, new markets tax credit, amount of $8.75M in Q4 2025.
- How has PNC Financial Services's effective income tax rate reconciliation, new markets tax credit, amount changed year-over-year?
- PNC Financial Services's effective income tax rate reconciliation, new markets tax credit, amount decreased by 53.9% year-over-year, from $19.00M to $8.75M.
- What is the long-term trend for PNC Financial Services's effective income tax rate reconciliation, new markets tax credit, amount?
- Over 2 years (2023 to 2025), PNC Financial Services's effective income tax rate reconciliation, new markets tax credit, amount has grown at a -48.1% compound annual growth rate (CAGR), from $130.00M to $35.00M.
- What does effective income tax rate reconciliation, new markets tax credit, amount mean?
- The dollar value of tax savings from New Markets Tax Credits.