Discontinued — last reported Q3 '24
Business Segments · Income taxes (benefit)
Retail Banking1 — Income taxes (benefit)
PNC Financial Services Retail Banking1 — Income taxes (benefit) decreased by 31.7% to $358.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 6.2%, from $337.00M to $358.00M. Over 2 years (FY 2021 to FY 2023), Retail Banking1 — Income taxes (benefit) shows an upward trend with a 51.3% CAGR.
Analysis
StatementSegment
CategoryOther
SignalContext dependent
VolatilityModerate
First reportedQ1 2016
Last reportedQ3 2024
Rolls up toIncome Tax
How to read this metric
Changes are generally driven by fluctuations in pre-tax income or changes in the effective tax rate, rather than operational efficiency.
Detailed definition
This represents the tax expense or benefit allocated to the retail banking segment based on its pre-tax income and appli...
Peer comparison
Standard tax allocation metric for business segments in large financial institutions.
Metric ID:
pnc_segment_retail_banking_income_taxes_benefitHistorical Data
14 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $73.00M | $140.00M | $112.00M | $109.00M | $105.00M | $175.00M | $232.00M | $202.00M | $295.00M | $337.00M | $329.00M | $333.00M | $524.00M | $358.00M |
| QoQ Change | — | +91.8% | -20.0% | -2.7% | -3.7% | +66.7% | +32.6% | -12.9% | +46.0% | +14.2% | -2.4% | +1.2% | +57.4% | -31.7% |
| YoY Change | — | — | — | — | +43.8% | +25.0% | +107.1% | +85.3% | +181.0% | +92.6% | +41.8% | +64.9% | +77.6% | +6.2% |
Range$73.00M – $524.00M
CAGR+63.1%
Avg YoY Growth+72.5%
Median YoY Growth+71.2%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is PNC Financial Services's retail banking1 — income taxes (benefit)?
- PNC Financial Services (PNC) reported retail banking1 — income taxes (benefit) of $358.00M in Q3 2024.
- How has PNC Financial Services's retail banking1 — income taxes (benefit) changed year-over-year?
- PNC Financial Services's retail banking1 — income taxes (benefit) increased by 6.2% year-over-year, from $337.00M to $358.00M.
- What is the long-term trend for PNC Financial Services's retail banking1 — income taxes (benefit)?
- Over 2 years (2021 to 2023), PNC Financial Services's retail banking1 — income taxes (benefit) has grown at a 51.3% compound annual growth rate (CAGR), from $508.00M to $1.16B.
- What does retail banking1 — income taxes (benefit) mean?
- The portion of income tax expense or benefit attributed to the retail banking segment's operations.