Total revenue was $3.9bn for the fourth quarter of 2010 compared with $4.9bn for the fourth quarter of 2009.
Net interest income of $2.2bn for the fourth quarter of 2010 declined $145m compared with the fourth quarter of 2009.
The net interest margin was 3.93% for fourth quarter 2010 compared with 4.05% in the fourth quarter of 2009.
Nonperforming assets at 31 December 2010 totaled $5.3bn, down 16% from $6.3bn a year ago.
Net charge-offs totaled $791m in the latest fourth quarter, which was down 5% from net charge-offs of $835m for the fourth quarter of 2009.
PNC’s Tier 1 common capital ratio reached a record level of an estimated 9.8% at year end.
For the full year, PNC reported net income of $3.4bn, or $5.74 per share, a 44% jump from earnings of $2.4bn, or $4.36 a share, in 2009.
