PNC Financial Services reported 2014 net income of $4.2 billion was flat compared with 2013 net income of $4.2 billion.

Q4/14 net income was flat at $1.1 billion, the same earnings reported in Q4/13. PNC said fourth quarter results reflected higher revenue and noninterest expense compared with Q3/14, stable credit quality, and included solid underlying fee income and disciplined expense management.

The bank said loans grew $3.9 billion, or 2%, to $205 billion at December 31, 2014 compared with September 30, 2014. Total commercial lending increased $4.3 billion primarily in corporate banking, real estate and business credit businesses.

“PNC had a successful year in 2014,” said William S. Demchak, chairman, president and chief executive officer. “We added customers, grew loans and deposits, increased fee income and capital, and reduced expenses. While the near-term revenue environment remains challenging, I like how we are positioned heading into 2015.”

To view the full PNC earnings report, click here.