Exhibit 99.2






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THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT
SECOND QUARTER 2026
(Unaudited)



THE PNC FINANCIAL SERVICES GROUP, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2026
(UNAUDITED)
Consolidated Results:
Page
6-7
9-10
Business Segment Results:
13-14
15-16
18-19

The information contained in this Financial Supplement is preliminary, unaudited and based on data available on July 15, 2026. This information speaks only as of the particular date or dates included in the schedules. We do not undertake any obligation to, and disclaim any duty to, correct or update any of the information provided in this Financial Supplement. Our future financial performance is subject to risks and uncertainties as described in our United States Securities and Exchange Commission (SEC) filings.

BUSINESS
PNC is one of the largest diversified financial services companies in the United States (U.S.) and is headquartered in Pittsburgh, Pennsylvania. PNC has businesses engaged in retail banking, corporate and institutional banking and asset management, providing many of its products and services nationally. PNC's retail branch network is located coast-to-coast. PNC also has strategic international offices in four countries outside the U.S.

ACQUISITION OF FIRSTBANK HOLDING COMPANY
On January 5, 2026, PNC completed its acquisition of FirstBank Holding Company, including its banking subsidiary FirstBank. At close, FirstBank had $26 billion of assets, $16 billion of loans and $23 billion of deposits. Effective January 5, 2026, FirstBank’s financial results are included in PNC’s consolidated operations.

As of June 22, 2026, PNC converted approximately 780,000 customers, more than 1,600 employees and 95 branches across Colorado and Arizona, merging FirstBank into PNC Bank. Our first quarter 2026 Form 10-Q included additional information on this acquisition.


THE PNC FINANCIAL SERVICES GROUP, INC.
Cross Reference Index to Second Quarter 2026 Financial Supplement (Unaudited)
Financial Supplement Table Reference
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THE PNC FINANCIAL SERVICES GROUP, INC.

Page 1

Table 1: Consolidated Income Statement (Unaudited)
Three months endedSix months ended
June 30March 31December 31September 30June 30June 30June 30
In millions, except per share data2026202620252025202520262025
Interest Income
Loans$4,986 $4,792 $4,640 $4,751 $4,609 $9,778 $9,081 
Investment securities1,263 1,202 1,188 1,211 1,151 2,465 2,275 
Other445 450 552 565 510 895 1,044 
Total interest income6,694 6,444 6,380 6,527 6,270 13,138 12,400 
Interest Expense
Deposits1,682 1,735 1,864 1,980 1,845 3,417 3,653 
Borrowed funds905 748 785 899 870 1,653 1,716 
Total interest expense2,587 2,483 2,649 2,879 2,715 5,070 5,369 
Net interest income4,107 3,961 3,731 3,648 3,555 8,068 7,031 
Noninterest Income
Asset management and brokerage440 420 411 404 391 860 782 
Capital markets and advisory577 463 489 432 321 1,040 627 
Card and cash management772 738 733 737 737 1,510 1,429 
Lending and deposit services346 340 342 335 317 686 633 
Residential and commercial mortgage144 118 148 161 128 262 262 
Other income
    Gain on Visa shares exchange program448 — — — — 448 — 
    Securities gains (losses)(139)28 (7)— — (111)(2)
    Other (a)180 97 224 198 212 277 351 
Total other income489 125 217 198 212 614 349 
Total noninterest income2,768 2,204 2,340 2,267 2,106 4,972 4,082 
Total revenue6,875 6,165 6,071 5,915 5,661 13,040 11,113 
Provision For Credit Losses191 210 139 167 254 401 473 
Noninterest Expense
Personnel2,273 2,106 2,033 1,970 1,889 4,379 3,779 
Occupancy252 262 247 235 235 514 480 
Equipment435 415 412 416 394 850 778 
Marketing110 87 101 93 99 197 184 
Other1,028 898 810 747 766 1,926 1,549 
Total noninterest expense4,098 3,768 3,603 3,461 3,383 7,866 6,770 
Income before income taxes and noncontrolling interests2,586 2,187 2,329 2,287 2,024 4,773 3,870 
Income taxes531 415 296 465 381 946 728 
Net income2,055 1,772 2,033 1,822 1,643 3,827 3,142 
Less: Net income attributable to noncontrolling interests15 12 13 14 16 27 34 
Preferred stock dividends (b)85 73 83 71 83 158 154 
Preferred stock discount accretion and redemptions2 1 3 2 2 3 4 
Net income attributable to common shareholders$1,953 $1,686 $1,934 $1,735 $1,542 $3,639 $2,950 
Earnings Per Common Share
Basic$4.82 $4.13 $4.88 $4.36 $3.86 $8.95 $7.37 
Diluted$4.81 $4.13 $4.88 $4.35 $3.85 $8.94 $7.37 
Average Common Shares Outstanding
Basic403 405 394 396 397 404 398 
Diluted403 405 394 396 397 404 398 
Efficiency60 %61 %59 %59 %60 %60 %61 %
Noninterest income to total revenue40 %36 %39 %38 %37 %38 %37 %
Effective tax rate (c)20.5 %19.0 %12.7 %20.3 %18.8 %19.8 %18.8 %
(a)Includes Visa derivative fair value adjustments of $(85) million, $(32) million, $(41) million, $(35) million and $2 million for the quarters ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025 and June 30, 2025 and $(117) million and $(38) million for the six months ended June 30, 2026 and June 30, 2025, respectively. These adjustments are primarily related to escrow funding and the extension of anticipated litigation resolution timing.
(b)Dividends are payable quarterly, other than Series S preferred stock, which is payable semiannually.
(c)The effective income tax rates are generally lower than the statutory rate due to the relationship of pretax income to tax credits and earnings that are not subject to tax.








THE PNC FINANCIAL SERVICES GROUP, INC.

Page 2
Table 2: Consolidated Balance Sheet (Unaudited)
June 30March 31December 31September 30June 30
In millions, except par value20262026202520252025
Assets
Cash and due from banks$5,951 $5,646 $6,777 $5,553 $5,939 
Interest-earning deposits with banks (a)22,794 26,053 32,936 33,318 24,455 
Loans held for sale (b)1,522 1,332 1,939 1,104 1,837 
Investment securities – available-for-sale 71,100 71,072 68,135 68,297 67,136 
Investment securities – held-to-maturity78,406 72,040 70,105 73,226 75,212 
Loans (b)367,953 360,923 331,481 326,616 326,340 
Allowance for loan and lease losses (4,652)(4,663)(4,410)(4,478)(4,523)
Net loans363,301 356,260 327,071 322,138 321,817 
Equity investments11,735 10,512 10,790 9,972 9,755 
Mortgage servicing rights3,801 3,816 3,659 3,627 3,467 
Goodwill13,317 13,282 10,959 10,962 10,932 
Other (b) 44,107 43,015 41,201 40,570 38,557 
Total assets$616,034 $603,028 $573,572 $568,767 $559,107 
Liabilities
Deposits
Noninterest-bearing$99,356 $99,297 $91,748 $91,207 $93,253 
Interest-bearing (b)350,436 358,351 349,118 341,542 333,443 
Total deposits449,792 457,648 440,866 432,749 426,696 
Borrowed funds
Federal Home Loan Bank advances40,416 21,417 13,000 16,100 18,000 
Senior debt38,144 38,021 38,642 38,695 35,750 
Subordinated debt4,396 4,502 3,016 3,512 3,490 
Other (b)2,767 2,726 2,443 4,037 3,184 
Total borrowed funds85,723 66,666 57,101 62,344 60,424 
Allowance for unfunded lending related commitments 809 832 818 775 759 
Accrued expenses and other liabilities (b)15,649 14,206 14,151 13,861 13,573 
Total liabilities551,973 539,352 512,936 509,729 501,452 
Equity
Preferred stock (c)—————
Common stock - $5 par value
Authorized 800,000,000 shares, issued 557,291,838; 557,213,012; 543,497,966; 543,412,079 and 543,412,101 shares2,786 2,786 2,717 2,717 2,717 
Capital surplus21,999 21,926 18,922 18,859 18,809 
Retained earnings65,518 64,256 63,266 62,008 60,951 
Accumulated other comprehensive income (loss)(4,120)(3,773)(3,408)(4,077)(4,682)
Common stock held in treasury at cost: 157,826,113; 155,167,491; 153,084,091; 151,030,533 and 149,426,326 shares(22,175)(21,568)(20,912)(20,517)(20,188)
Total shareholders’ equity64,008 63,627 60,585 58,990 57,607 
Noncontrolling interests53 49 51 48 48 
Total equity64,061 63,676 60,636 59,038 57,655 
Total liabilities and equity$616,034 $603,028 $573,572 $568,767 $559,107 
(a)Amounts include balances held with the Federal Reserve Bank of $22.2 billion, $25.3 billion, $32.0 billion, $32.7 billion and $23.9 billion as of June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025 and June 30, 2025, respectively.
(b)Amounts include assets and liabilities for which PNC has elected the fair value option. Our first quarter 2026 Form 10-Q included, and our second quarter 2026 Form 10-Q will include, additional information regarding these items.
(c)Par value less than $0.5 million at each date.




THE PNC FINANCIAL SERVICES GROUP, INC.

Page 3
Table 3: Average Consolidated Balance Sheet (Unaudited) (a) (b)
Three months endedSix months ended
June 30March 31December 31September 30June 30June 30June 30
In millions2026202620252025202520262025
Assets
Interest-earning assets:
Investment securities
Securities available-for-sale
Residential mortgage-backed$37,333 $34,652 $33,564 $34,752 $34,567 $36,000 $34,182 
U.S. Treasury and government agencies27,97228,49128,11926,79925,37228,23024,880 
Other8,4078,5058,2028,2937,8188,4567,663 
Total securities available-for-sale73,71271,64869,88569,84467,75772,68666,725
Securities held-to-maturity
Residential mortgage-backed46,512 45,078 42,925 42,667 40,440 45,799 40,243 
U.S. Treasury and government agencies18,68720,683 23,42625,540 26,90019,67927,910 
Other8,1887,1175,9836,3846,8387,6567,180 
Total securities held-to-maturity73,38772,87872,33474,59174,17873,13475,333
Total investment securities147,099144,526142,219144,435141,935145,820142,058
Loans
Commercial and industrial223,711211,358198,726195,903191,526217,569187,796 
Commercial real estate35,05734,36730,17330,85031,83834,71432,450 
Consumer55,33455,48354,88454,23853,85155,40853,637 
Residential real estate49,09449,67544,14644,94145,53949,38345,823 
Total loans363,196350,883327,929325,932322,754357,074319,706
Interest-earning deposits with banks (c)30,73432,61232,00935,00331,57031,66833,209 
Other interest-earning assets13,98512,45718,61812,75911,34813,23810,750 
Total interest-earning assets555,014540,478520,775518,129507,607547,800505,723
Noninterest-earning assets61,25660,98455,07153,40454,07961,12253,323 
Total assets$616,270 $601,462 $575,846 $571,533 $561,686 $608,922 $559,046 
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing deposits
Money market$81,402 $85,196 $78,742 $75,890 $70,909 $83,288 $71,980 
Demand136,487137,558132,591128,962126,222137,020125,637 
Savings102,624100,94097,18896,62797,028101,78797,217 
Time deposits33,02735,57936,18037,59335,67434,29534,227 
Total interest-bearing deposits353,540359,273344,701339,072329,833356,390329,061
Borrowed funds
Federal Home Loan Bank advances29,36216,61614,671 17,61518,31923,02419,007 
Senior debt38,18437,38338,62338,01236,14237,78635,541 
Subordinated debt4,5444,2003,2993,6163,6864,3734,001 
Other6,8434,6753,7227,0707,1465,7666,352 
Total borrowed funds78,93362,87460,31566,31365,29370,94964,901
Total interest-bearing liabilities432,473422,147405,016405,385395,126427,339393,962
Noninterest-bearing liabilities and equity:
Noninterest-bearing deposits103,47999,08194,83492,75693,142101,29292,757 
Accrued expenses and other liabilities16,84816,94416,64615,62416,94216,90916,580 
Equity63,47063,29059,35057,76856,47663,38255,747 
Total liabilities and equity$616,270 $601,462 $575,846 $571,533 $561,686 $608,922 $559,046 
(a)Calculated using average daily balances.
(b)Nonaccrual loans are included in loans, net of unearned income. The impact of financial derivatives used in interest rate risk management is included in the interest income/expense and average yields/rates of the related assets and liabilities. Fair value adjustments related to hedged items are included in noninterest-earning assets and noninterest-bearing liabilities. Average balances of securities are based on amortized historical cost (excluding adjustments to fair value, which are included in other assets).
(c)Amounts include average balances held with the Federal Reserve Bank of $29.9 billion, $31.8 billion, $31.3 billion, $34.2 billion and $30.8 billion for the three months ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025 and June 30, 2025 and $30.8 billion and $32.5 billion for the six months ended June 30, 2026 and 2025, respectively.

THE PNC FINANCIAL SERVICES GROUP, INC.

Page 4
Table 4: Details of Net Interest Margin (Unaudited)
Three months endedSix months ended
June 30March 31December 31September 30June 30June 30June 30
2026202620252025202520262025
Average yields/rates (a)
Yield on interest-earning assets
Investment securities
Securities available-for-sale
Residential mortgage-backed3.85 %3.72 %3.80 %3.82 %3.76 %3.78 %3.72 %
U.S. Treasury and government agencies3.94 %4.04 %4.29 %4.58 %4.55 %3.99 %4.56 %
Other4.01 %4.00 %3.97 %3.91 %3.69 %4.00 %3.67 %
Total securities available-for-sale3.90 %3.88 %4.02 %4.12 %4.05 %3.89 %4.03 %
Securities held-to-maturity
Residential mortgage-backed3.31 %3.20 %3.13 %3.07 %2.90 %3.26 %2.87 %
U.S. Treasury and government agencies1.64 %1.59 %1.50 %1.51 %1.53 %1.61 %1.52 %
Other4.36 %4.23 %4.28 %4.35 %4.34 %4.30 %4.37 %
Total securities held-to-maturity3.00 %2.84 %2.70 %2.65 %2.54 %2.92 %2.51 %
Total investment securities3.45 %3.36 %3.35 %3.36 %3.26 %3.41 %3.22 %
Loans
Commercial and industrial5.39 %5.43 %5.55 %5.78 %5.72 %5.41 %5.71 %
Commercial real estate5.71 %5.79 %5.92 %6.06 %6.01 %5.75 %5.97 %
Consumer6.94 %6.99 %7.09 %7.18 %7.11 %6.97 %7.12 %
Residential real estate4.03 %3.97 %3.74 %3.75 %3.76 %4.00 %3.77 %
Total loans5.47 %5.50 %5.60 %5.76 %5.70 %5.49 %5.70 %
Interest-earning deposits with banks3.63 %3.64 %3.92 %4.34 %4.38 %3.63 %4.38 %
Other interest-earning assets4.69 %4.95 %4.95 %5.51 %5.66 %4.80 %5.83 %
Total yield on interest-earning assets4.82 %4.80 %4.86 %4.99 %4.93 %4.81 %4.92 %
Rate on interest-bearing liabilities
Interest-bearing deposits
Money market2.51 %2.53 %2.77 %3.07 %3.01 %2.52 %3.00 %
Demand1.60 %1.61 %1.78 %1.96 %1.89 %1.61 %1.88 %
Savings1.48 %1.49 %1.62 %1.68 %1.63 %1.48 %1.64 %
Time deposits3.03 %3.26 %3.53 %3.67 %3.64 %3.15 %3.66 %
Total interest-bearing deposits1.91 %1.96 %2.14 %2.32 %2.24 %1.93 %2.24 %
Borrowed funds
Federal Home Loan Bank advances3.89 %3.98 %4.41 %4.73 %4.74 %3.93 %4.74 %
Senior debt5.10 %5.14 %5.55 %5.85 %5.77 %5.12 %5.71 %
Subordinated debt5.16 %5.12 %5.52 %5.81 %5.69 %5.14 %5.61 %
Other
4.08 %4.14 %4.02 %4.19 %4.24 %4.10 %4.30 %
Total borrowed funds4.57 %4.76 %5.18 %5.38 %5.31 %4.65 %5.28 %
Total rate on interest-bearing liabilities2.39 %2.37 %2.59 %2.81 %2.74 %2.38 %2.73 %
Interest rate spread2.43 %2.43 %2.27 %2.18 %2.19 %2.43 %2.19 %
Benefit from use of noninterest-bearing sources (b)0.53 %0.52 %0.57 %0.61 %0.61 %0.53 %0.60 %
Net interest margin2.96 %2.95 %2.84 %2.79 %2.80 %2.96 %2.79 %
(a)Yields and rates are calculated using the applicable annualized interest income or interest expense divided by the applicable average earning assets or interest-bearing liabilities. Net interest margin is the total yield on interest-earning assets minus the total rate on interest-bearing liabilities and includes the benefit from use of noninterest-bearing sources. To provide more meaningful comparisons of net interest margins, we use net interest income on a taxable-equivalent basis in calculating average yields used in the calculation of net interest margin by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments. This adjustment is not permitted under GAAP in the Consolidated Income Statement. The taxable-equivalent adjustments to net interest income for the three months ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025 and June 30, 2025 were $27 million, $29 million, $31 million, $30 million and $28 million, respectively. The taxable-equivalent adjustments to net interest income for both the six months ended June 30, 2026 and 2025 were $56 million.
(b)Represents the positive effects of investing noninterest-bearing sources in interest-earning assets.

THE PNC FINANCIAL SERVICES GROUP, INC.

Page 5
Table 5: Details of Loans (Unaudited)
June 30March 31December 31September 30June 30
In millions20262026202520252025
Commercial
Commercial and industrial
Financial services$44,297 $42,224 $37,592 $33,939 $32,378 
Manufacturing35,11434,97730,62331,04431,958
Service providers27,75627,30325,55225,15924,373
Wholesale trade22,71321,14619,84319,91720,045
Real estate related (a)17,99417,13815,27515,40515,214
Retail trade13,37512,97312,07312,40812,970
Technology, media and telecommunications12,68213,61312,32411,59411,263
Transportation and warehousing9,8939,8729,2588,1567,865
Rental and leasing9,6969,2819,0748,9408,919
Health care9,5369,5269,1359,8519,873
Other industries24,85923,13722,14920,68120,900
Total commercial and industrial227,915 221,190 202,898 197,094 195,758 
Commercial real estate35,962 34,770 29,565 30,281 31,250 
Total commercial263,877 255,960 232,463 227,375 227,008 
Consumer
Residential real estate48,709 49,567 43,760 44,637 45,257 
Home equity26,280 26,223 25,941 25,942 25,928 
Automobile15,872 16,325 16,591 16,272 15,892 
Credit card7,311 7,069 7,014 6,636 6,570 
Other consumer5,904 5,779 5,712 5,754 5,685 
Total consumer104,076 104,963 99,018 99,241 99,332 
Total loans$367,953 $360,923 $331,481 $326,616 $326,340 
(a)Represents loans to customers in the real estate and construction industries.



THE PNC FINANCIAL SERVICES GROUP, INC.

Page 6
Allowance for Credit Losses (Unaudited)

Table 6: Change in Allowance for Loan and Lease Losses
Three months endedSix months ended
June 30March 31December 31September 30June 30June 30June 30
Dollars in millions2026202620252025202520262025
Allowance for loan and lease losses
Beginning balance$4,663 $4,410 $4,478 $4,523 $4,544 $4,410    $4,486 
Acquisition PCD reserves— 93 — — — 93    — 
Acquisition PSL reserves (a)— 229 — — — 229    — 
Adjusted beginning balance4,663 4,732 4,478 4,523 4,544 4,732    4,486 
Gross charge-offs:
Commercial and industrial(141)(129)(85)(97)(99)(270)(212)
Commercial real estate(24)(19)(15)(19)(64)(43)(82)
Residential real estate— (1)— (6)— (1)(2)
Home equity(10)(10)(7)(10)(9)(20)(18)
Automobile(29)(31)(33)(32)(30)(60)(65)
Credit card(78)(74)(73)(76)(81)(152)(171)
Other consumer(42)(45)(43)(44)(41)(87)(86)
Acquired loans (b)— (45)— — — (45)— 
Total gross charge-offs(324)(354)(256)(284)(324)(678)(636)
Recoveries:
Commercial and industrial33 33 33 38 53 66 95 
Commercial real estate3 5 3 6 8 8 13 
Residential real estate2 2 3 3 3 4 5 
Home equity7 8 8 7 12 15 20 
Automobile21 20 22 25 24 41 47 
Credit card19 20 15 17 15 39 30 
Other consumer13 13 10 9 11 26 23 
Total recoveries98 101 94 105 126 199 233 
Net (charge-offs) / recoveries:
Commercial and industrial(108)(96)(52)(59)(46)(204)(117)
Commercial real estate(21)(14)(12)(13)(56)(35)(69)
Residential real estate2 1 3 (3)3 3 3 
Home equity(3)(2)1 (3)3 (5)2 
Automobile(8)(11)(11)(7)(6)(19)(18)
Credit card(59)(54)(58)(59)(66)(113)(141)
Other consumer(29)(32)(33)(35)(30)(61)(63)
Acquired loans— (45)— — — (45)— 
Total net (charge-offs) (226)(253)(162)(179)(198)(479)(403)
Provision for credit losses (c)213 188 93 136 171 401 431 
Other2 (4)1 (2)6 (2)9 
Ending balance$4,652 $4,663 $4,410 $4,478 $4,523 $4,652 $4,523 
Supplemental Information
Net charge-offs
Commercial net charge-offs$(129)$(120)$(64)$(72)$(102)$(249)$(186)
Consumer net charge-offs(97)(133)(98)(107)(96)(230)(217)
Total net charge-offs (226)(253)(162)(179)(198)(479)(403)
Net charge-offs to average loans (annualized)0.25 %0.29 %0.20 %0.22 %0.25 %0.25 %0.25 %
Commercial0.20 %0.18 %0.11 %0.13 %0.18 %0.19 %0.17 %
Consumer0.37 %0.38 %0.39 %0.43 %0.39 %0.38 %0.44 %
(a)On January 1, 2026, we adopted ASU 2025-08 - Financial Instruments - Credit Losses (Topic 326): Purchased Loans, and established the initial ACL for purchased seasoned loans (PSLs). Our second quarter 2026 Form 10-Q will include additional information on the adoption of this ASU.
(b)Primarily represents the charge-off of certain loans previously charged off by FirstBank, which were written up upon acquisition to unpaid principal balance as required by purchase accounting.
(c)See Table 7 for the components of the Provision for credit losses being reported on the Consolidated Income Statement.


THE PNC FINANCIAL SERVICES GROUP, INC.

Page 7
Allowance for Credit Losses (Unaudited) (Continued)

Table 7: Components of the Provision for Credit Losses
Three months endedSix months ended
June 30March 31December 31September 30June 30June 30June 30
In millions2026202620252025202520262025
Provision for credit losses
Loans and leases$213 $188 $93 $136 $171 $401 $431 
Unfunded lending related commitments(20)14 43 16 84 (6)38 
Investment securities (1)— — (1)(1)(1)2 
Other financial assets(1)8 3 16 — 7 2 
Total provision for credit losses$191 $210 $139 $167 $254 $401 $473 

Table 8: Allowance for Credit Losses by Loan Class (a)
June 30, 2026March 31, 2026June 30, 2025

Dollars in millions		Allowance AmountTotal Loans% of Total LoansAllowance AmountTotal Loans% of Total LoansAllowance AmountTotal Loans% of Total Loans
Allowance for loan and lease losses
Commercial
Commercial and industrial$2,219 $227,915 0.97 %$2,149 $221,190 0.97 %$1,948 $195,758 1.00 %
Commercial real estate1,035 35,962 2.88 %1,120 34,770 3.22 %1,282 31,250 4.10 %
Total commercial3,254 263,877 1.23 %3,269 255,960 1.28 %3,230 227,008 1.42 %
Consumer
Residential real estate90 48,709 0.18 %92 49,567 0.19 %52 45,257 0.11 %
Home equity280 26,280 1.07 %275 26,223 1.05 %292 25,928 1.13 %
Automobile160 15,872 1.01 %163 16,325 1.00 %151 15,892 0.95 %
Credit card647 7,311 8.85 %647 7,069 9.15 %579 6,570 8.81 %
Other consumer221 5,904 3.74 %217 5,779 3.75 %219 5,685 3.85 %
Total consumer1,398 104,076 1.34 %1,394 104,963 1.33 %1,293 99,332 1.30 %
Total
4,652 $367,953 1.26 %4,663 $360,923 1.29 %4,523 $326,340 1.39 %
Allowance for unfunded lending related commitments
809 832 759 
Allowance for credit losses
$5,461 $5,495 $5,282 
Supplemental Information
Allowance for credit losses to total loans
1.48 %1.52 %1.62 %
Commercial1.49 %1.55 %1.69 %
Consumer1.48 %1.46 %1.45 %
(a)    Excludes allowances for investment securities and other financial assets, which together totaled $99 million, $103 million and $88 million at June 30, 2026, March 31, 2026 and June 30, 2025, respectively.

THE PNC FINANCIAL SERVICES GROUP, INC.

Page 8
Details of Nonperforming Assets (Unaudited)

Table 9: Nonperforming Assets by Type
June 30March 31December 31September 30June 30
Dollars in millions20262026202520252025
Nonperforming loans
Commercial
Commercial and industrial
Manufacturing$186 $224 $98 $75 $73 
Service providers131 136 116 119 126 
Wholesale trade106 97 161 96 19 
Transportation and warehousing83 71 62 68 68 
Real estate related (a)50 25 27 20 24 
Health care47 42 47 45 54 
Technology, media and telecommunications41 25 27 83 31 
Retail trade14 79 194 36 64 
Rental and leasing4 5 6 13 16 
Other industries23 46 46 64 23 
Total commercial and industrial685 750 784 619 498 
Commercial real estate464 630 574 663 753 
Total commercial1,149 1,380 1,358 1,282 1,251 
Consumer (b)
Residential real estate 325 316 320 326 325 
Home equity 456 447 439 431 436 
Automobile82 85 83 82 80 
Credit card11 12 13 13 13 
Other consumer4 3 5 3 3 
Total consumer878 863 860 855 857 
Total nonperforming loans (c)2,027 2,243 2,218 2,137 2,108 
OREO, foreclosed and other assets (d) 123 139 143 162 33 
Total nonperforming assets$2,150 $2,382 $2,361 $2,299 $2,141 
Nonperforming loans to total loans0.55 %0.62 %0.67 %0.65 %0.65 %
Nonperforming assets to total loans, OREO, foreclosed and other assets (d) 0.58 %0.66 %0.71 %0.70 %0.66 %
Nonperforming assets to total assets0.35 %0.40 %0.41 %0.40 %0.38 %
Allowance for loan and lease losses to nonperforming loans 230 %208 %199 %210 %215 %
(a)Represents loans related to customers in the real estate and construction industries.
(b)Excludes most unsecured consumer loans and lines of credit, which are charged off after 120 to 180 days past due and are not placed on nonperforming status.
(c)Nonperforming loans exclude certain government insured or guaranteed loans, loans held for sale and loans accounted for under the fair value option.
(d)Amounts include nonaccrual servicing advances primarily to single asset/single borrower trusts with commercial real estate as collateral totaling $90 million, $103 million, $105 million and $127 million at June 30, 2026, March 31, 2026, December 31, 2025 and September 30, 2025, respectively.


Table 10: Change in Nonperforming Assets
Three months ended
June 30March 31December 31September 30June 30
Dollars in millions20262026202520252025
Beginning balance$2,382 $2,361 $2,299 $2,141 $2,324 
New nonperforming assets335 539 569 653 367 
Charge-offs and valuation adjustments(150)(152)(91)(103)(149)
Principal activity, including paydowns and payoffs(174)(343)(248)(299)(312)
Asset sales and transfers to loans held for sale(68)(9)(33)(13)(5)
Returned to performing status (175)(95)(135)(80)(84)
Acquired nonperforming assets— 81 — — — 
Ending balance$2,150 $2,382 $2,361 $2,299 $2,141 








THE PNC FINANCIAL SERVICES GROUP, INC.

Page 9
Accruing Loans Past Due (Unaudited)              

Table 11: Accruing Loans Past Due 30 to 59 Days (a)
June 30March 31December 31September 30June 30
Dollars in millions20262026202520252025
Commercial
Commercial and industrial$123$283$182$161$133
Commercial real estate79014943
Total commercial130373196170176
Consumer
Residential real estate
Non government insured305221170166169
Government insured6763737978
Home equity6573707362
Automobile5959747074
Credit card3741454542
Other consumer3233323234
Total consumer565490464465459
Total$695$863$660$635$635
Supplemental Information
Total accruing loans past due 30-59 days to total loans0.19 %0.24 %0.20 %0.19 %0.19 %
Commercial0.05 %0.15 %0.08 %0.07 %0.08 %
Consumer0.54 %0.47 %0.47 %0.47 %0.46 %
(a)Excludes loans held for sale.


Table 12: Accruing Loans Past Due 60 to 89 Days (a)
June 30March 31December 31September 30June 30
Dollars in millions20262026202520252025
Commercial
Commercial and industrial$121$50$103$67$101
Commercial real estate91798—6
Total commercial1306720167107
Consumer
Residential real estate
Non government insured 7869574852
Government insured 3741443939
Home equity 2632302728
Automobile1515181719
Credit card2831323132
Other consumer2418212220
Total consumer208206202184190
Total$338$273$403$251$297
Supplemental Information
Total accruing loans past due 60-89 days to total loans0.09 %0.08 %0.12 %0.08 %0.09 %
Commercial0.05 %0.03 %0.09 %0.03 %0.05 %
Consumer0.20 %0.20 %0.20 %0.19 %0.19 %
(a)Excludes loans held for sale.




THE PNC FINANCIAL SERVICES GROUP, INC.

Page 10
Accruing Loans Past Due (Unaudited) (Continued)

Table 13: Accruing Loans Past Due 90 Days or More (a)
June 30March 31December 31September 30June 30
Dollars in millions20262026202520252025
Commercial
Commercial and industrial$76 $68 $57 $71 $79 
Commercial real estate— 1 — 1 — 
Total commercial76  69  57  72  79  
Consumer
Residential real estate
Non government insured42 50 46 38 53 
Government insured188 195 163 126 129 
Automobile4 5 5 4 5 
Credit card56 64 65 63 64 
Other consumer37 39 44 44 41 
Total consumer327  353  323  275  292  
Total$403 $422 $380 $347 $371 
Supplemental Information
Total accruing loans past due 90 days or more to total loans0.11 %0.12 %0.11 %0.11 %0.11 %
Commercial0.03 %0.03 %0.02 %0.03 %0.03 %
Consumer0.31 %0.34 %0.33 %0.28 %0.29 %
Total accruing loans past due$1,436 $1,558 $1,443 $1,233 $1,303 
Commercial$336 $509 $454 $309 $362 
Consumer$1,100 $1,049 $989 $924 $941 
Total accruing loans past due to total loans0.39 %0.43 %0.44 %0.38 %0.40 %
Commercial0.13 %0.20 %0.20 %0.14 %0.16 %
Consumer1.06 %1.00 %1.00 %0.93 %0.95 %
(a)Excludes loans held for sale.










































THE PNC FINANCIAL SERVICES GROUP, INC.

Page 11
Business Segment Descriptions (Unaudited)

Retail Banking provides deposit, lending, brokerage, insurance services, investment management and cash management products and services to consumer and small business customers who are serviced through our coast-to-coast branch network, digital channels, ATMs, or through our phone-based customer contact centers. Deposit products include checking, savings and money market accounts and time deposits. Lending products include residential mortgages, home equity loans and lines of credit, auto loans, credit cards, personal and small business loans and lines of credit. The residential mortgage loans are directly originated within our branch network and nationwide, and are typically underwritten to agency and/or third-party standards, and either sold, servicing retained or held on our balance sheet. PNC Wealth Management offers brokerage, investment management and cash management products and services which include managed, education, retirement and trust accounts.

Corporate & Institutional Banking provides lending, treasury management, capital markets and advisory products and services to mid-sized and large corporations and government and not-for-profit entities. Lending products include secured and unsecured loans, letters of credit and equipment leases. The Treasury Management business provides corporations with cash and investment management services, receivables and disbursement management services, funds transfer services and access to online/mobile information management and reporting services. Capital markets and advisory includes services and activities primarily related to merger and acquisitions advisory, equity capital markets advisory, asset-backed financing, loan syndication, securities underwriting and customer-related trading. We also provide commercial loan servicing and technology solutions for the commercial real estate finance industry. Products and services are provided nationally.

Asset Management Group provides private banking for high net worth and ultra high net worth clients and institutional asset management. The Asset Management Group is composed of two operating units:
•PNC Private Bank provides products and services to emerging affluent, high net worth and ultra high net worth individuals and their families, including investment and retirement planning, customized investment management, credit and cash management solutions, trust management and administration. In addition, multi-generational family planning services are also provided to ultra high net worth individuals and their families, which include estate, financial, tax, fiduciary and customized performance reporting.
•Institutional Asset Management provides outsourced chief investment officer, custody, cash and fixed income client solutions, and retirement plan fiduciary investment services to institutional clients, including corporations, healthcare systems, insurance companies, municipalities and non-profits.

Table 14: Period End Employees
June 30March 31December 31September 30June 30
20262026202520252025
Full-time employees
Retail Banking26,611 28,046 26,168 26,126 26,291 
Other full-time employees29,093 28,320 27,691 27,397 26,884 
Total full-time employees55,704 56,366 53,859 53,523 53,175 
Part-time employees
Retail Banking1,429 1,389 1,427 1,367 1,465 
Other part-time employees495 46 47 48 407 
Total part-time employees1,924 1,435 1,474 1,415 1,872 
Total57,628 57,801 55,333 54,938 55,047 


THE PNC FINANCIAL SERVICES GROUP, INC.

Page 12
Table 15: Summary of Business Segment Net Income and Revenue (Unaudited) (a)
Three months endedSix months ended
June 30March 31December 31September 30June 30June 30June 30
In millions2026202620252025202520262025
Net Income (b)
Retail Banking $1,747 $1,349 $1,266 $1,351 $1,386 $3,096 $2,534 
Corporate & Institutional Banking1,588 1,480 1,597 1,545 1,318 3,068 2,651 
Asset Management Group 135 121 124 120 132 256 240 
Other (1,430)(1,190)(967)(1,208)(1,209)(2,620)(2,317)
Net income excluding noncontrolling interests$2,040 $1,760 $2,020 $1,808 $1,627 $3,800 $3,108 
  
Revenue (b)
Retail Banking $4,518 $4,007 $3,792 $3,840 $3,792 $8,525 $7,371 
Corporate & Institutional Banking3,283 3,086 3,175 3,020 2,836 6,369 5,582 
Asset Management Group 462 455 444 433 428 917 849 
Other (1,388)(1,383)(1,340)(1,378)(1,395)(2,771)(2,689)
Total revenue$6,875 $6,165 $6,071 $5,915 $5,661 $13,040 $11,113 
(a)Our business information is presented based on our internal management reporting practices. Net interest income in business segment results reflects PNC’s internal funds transfer pricing methodology. Assets receive a funding charge and liabilities and capital receive a funding credit based on a transfer pricing methodology that incorporates product repricing characteristics, tenor and other factors.
(b)During the second quarter of 2026, PNC updated its internal funds transfer pricing methodology. The update resulted in impacts to net interest income and associated income statement line items for all business segments. Prior periods have been adjusted to conform with the current presentation.


THE PNC FINANCIAL SERVICES GROUP, INC.

Page 13
Table 16: Retail Banking (Unaudited) (a)
Three months endedSix months ended
June 30March 31December 31September 30June 30June 30June 30
Dollars in millions2026202620252025202520262025
Income Statement
Net interest income (b)$3,291 $3,237 $3,022 $3,050 $3,010 $6,528 $5,883 
Noninterest income1,227 770 770 790 782 1,997 1,488 
Total revenue (b)4,518 4,007 3,792 3,840 3,792 8,525 7,371 
Provision for credit losses120 124 155 126 83 244 251 
Noninterest expense
Personnel551 571 535 529 539 1,122 1,077 
Segment allocations (c)1,090 1,088 1,020 979 978 2,178 1,945 
Depreciation and amortization138 132 95 97 87 270 173 
Other (d)332 324 327 336 286 656 597 
Total noninterest expense2,111 2,115 1,977 1,941 1,890 4,226 3,792 
Pre-tax earnings (b)2,287 1,768 1,660 1,773 1,819 4,055 3,328 
Income taxes (b)532 412 387 413 423 944 775 
Noncontrolling interests8 7 7 9 10 15 19 
Earnings (b)$1,747 $1,349 752 $1,266 $1,351 $1,386 $3,096 $2,534 
Average Balance Sheet
Loans held for sale$616 $562 $699 $785 $874 $589 $867 
Loans
Consumer
Residential real estate$38,348 $38,939 $33,336 $34,043 $34,647 $38,642 $34,920 
Home equity24,859 24,913 24,559 24,551 24,551 24,886 24,548 
Automobile16,058 16,499 16,403 16,035 15,738 16,278 15,491 
Credit card7,128 6,912 6,754 6,561 6,483 7,020 6,525 
Other consumer3,164 3,257 3,320 3,334 3,342 3,210 3,368 
Total consumer 89,557 90,520 84,372 84,524 84,761 90,036 84,852 
Commercial 20,989 20,423 12,603 12,353 12,725 20,708 12,783 
Total loans$110,546 $110,943 $96,975 $96,877 $97,486 $110,744 $97,635 
Total assets $130,460 $130,616 $113,714 $114,146 $114,061 $130,537 $114,601 
Deposits
Noninterest-bearing $60,547 $58,714 $52,125 $52,604 $52,353 $59,635 $51,833 
Interest-bearing 211,055 209,519 191,941 190,652 191,190 210,292 190,381 
Total deposits$271,602 $268,233 $244,066 $243,256 $243,543 $269,927 $242,214 
Performance Ratios (b)
Return on average assets 5.37 %4.19 %4.42 %4.70 %4.87 %4.78 %4.46 %
Noninterest income to total revenue 27 %19 %20 %21 %21 %23 %20 %
Efficiency47 %53 %52 %51 %50 %50 %51 %
(continued on following page)



THE PNC FINANCIAL SERVICES GROUP, INC.

Page 14
Retail Banking (Unaudited) (Continued)
Three months endedSix months ended
June 30March 31December 31September 30June 30June 30June 30
Dollars in millions, except as noted2026202620252025202520262025
Supplemental Noninterest Income Information
Asset management and brokerage $172 $161 $155 $154 $150 $333 $302 
Card and cash management$350 $322 $328 $334 $328 $672 $624 
Lending and deposit services $204 $200 $199 $199 $190 $404 $374 
Residential and commercial mortgage $83 $63 $78 $89 $61 $146 $126 
Other income - Gain on Visa shares exchange program$448 $— $— $— $— $448 $— 
Residential Mortgage Information
Residential mortgage servicing statistics (e)
Serviced portfolio balance (in billions) (f)$209 $212 $198 $199 $189 
MSR asset value (f)$2,762 $2,786 $2,638 $2,622 $2,457 
Servicing income:
Servicing fees, net (g)$61 $68 $63 $60 $60 $129 $131 
Mortgage servicing rights valuation, net of economic hedge$3 $(27)$(5)$18 $2 $(24)$(2)
Residential mortgage loan statistics
Loan origination volume (in billions)$1.7 $1.5 $1.6 $1.5 $1.7 $3.2 $2.7 
Loan sale margin percentage2.01 %2.25 %1.88 %1.67 %0.91 %2.12 %0.78 %
Other Information
Credit-related statistics
Nonperforming assets (f)$944 $932 $840 $827 $812 
Net charge-offs - loans and leases$123 $118 $116 $126 $120 $241 $264 
Other statistics
Branches (f)(h)2,304 2,315 2,224 2,219 2,218 
Brokerage account client assets (in billions) (f)(i)$97 $91 $91 $89 $87 
(a)See note (a) on page 12.
(b)See note (b) on page 12.
(c)Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations.
(d)Other is primarily comprised of other direct expenses including outside services and equipment expense.
(e)Represents mortgage loan servicing balances for third parties and the related income.
(f)Presented as of period end.
(g)Servicing fees net of impact of decrease in MSR value due to passage of time, which includes the impact from regularly scheduled loan principal payments, prepayments and loans paid off during the period.
(h)Reflects all branches excluding standalone mortgage offices and satellite offices (e.g., drive-ups, electronic branches and retirement centers) that provide limited products and/or services.
(i)Includes cash and money market balances.





THE PNC FINANCIAL SERVICES GROUP, INC.

Page 15
Table 17: Corporate & Institutional Banking (Unaudited) (a)
Three months endedSix months ended
June 30March 31December 31September 30June 30June 30June 30
Dollars in millions2026202620252025202520262025
Income Statement
Net interest income (b)$1,992 $1,942 $1,965 $1,888 $1,814 $3,934 $3,582 
Noninterest income1,291 1,144 1,210 1,132 1,022 2,435 2,000 
Total revenue (b)3,283 3,086 3,175 3,020 2,836 6,369 5,582 
Provision for credit losses76 77 14 44 184 153 233 
Noninterest expense
Personnel502 460 472 403 370 962 746 
Segment allocations (c)418 424 422 387 381 842 764 
Depreciation and amortization50 46 55 46 49 96 100 
Other (d)161 146 158 140 150 307 296 
Total noninterest expense1,131 1,076 1,107 976 950 2,207 1,906 
Pre-tax earnings (b)2,076 1,933 2,054 2,000 1,702 4,009 3,443 
Income taxes (b)483 448 451 450 379 931 783 
Noncontrolling interests5 5 6 5 5 10 9 
Earnings (b)$1,588 $1,480 $1,597 $1,545 $1,318 $3,068 $2,651 
Average Balance Sheet
Loans held for sale$635 $665 $632 $691 $775 $650 $516 
Loans
Commercial
Commercial and industrial $207,046 $194,711 $185,195 $182,484 $177,630 $200,913 $173,872 
Commercial real estate29,008 28,802 29,374 30,032 30,962 28,905 31,553 
Total commercial 236,054 223,513 214,569 212,516 208,592 229,818 205,425 
Consumer3 3 2 2 4 3 3 
Total loans$236,057 $223,516 $214,571 $212,518 $208,596 $229,821 $205,428 
Total assets $263,912 $249,789 $241,169 $238,338 $234,391 $256,890 $230,750 
Deposits
Noninterest-bearing $41,441 $38,959 $41,308 $38,732 $39,196 $40,207 $39,347 
Interest-bearing117,169 122,219 122,457 116,460 107,275 119,680 107,886 
Total deposits$158,610 $161,178 $163,765 $155,192 $146,471 $159,887 $147,233 
Performance Ratios (b)
Return on average assets2.41 %2.40 %2.63 %2.57 %2.26 %2.41 %2.32 %
Noninterest income to total revenue39 %37 %38 %37 %36 %38 %36 %
Efficiency34 %35 %35 %32 %33 %35 %34 %
(continued on following page)


























THE PNC FINANCIAL SERVICES GROUP, INC.

Page 16
Corporate & Institutional Banking (Unaudited) (Continued)
Three months endedSix months ended
June 30March 31December 31September 30June 30June 30June 30
Dollars in millions2026202620252025202520262025
Other Information
Consolidated revenue from:
Treasury Management (b) (e)$1,171 $1,171 $1,199 $1,122 $1,079 $2,342 $2,130 
Commercial mortgage banking activities:
Commercial mortgage loans held for sale (b) (f)$23 $14 $34 $23 $24 $37 $50 
Commercial mortgage loan servicing income (b) (g)127 120 128 135 129 247 238 
Commercial mortgage servicing rights valuation, net of economic hedge33 28 37 47 36 61 75 
Total$183 $162 $199 $205 $189 $345 $363 
Commercial mortgage servicing statistics
Serviced portfolio balance (in billions) (h)(i)$294 $296 $294 $293 $295 
MSR asset value (h)$1,039 $1,029 $1,021 $1,006 $1,010 
Average loans by C&IB business (j)
Corporate Banking$139,370 $128,837 $121,379 $118,445 $114,607 $134,132 $111,968 
Real Estate41,002 41,074 40,836 41,863 42,533 41,038 42,906 
Business Credit36,012 33,944 32,552 32,412 31,544 34,983 30,798 
Equipment Finance10,717 10,595 10,551 10,476 10,422 10,656 10,346 
Commercial Banking5,944 5,976 5,904 6,063 6,194 5,960 6,229 
Other3,012 3,090 3,349 3,259 3,296 3,052 3,181 
Total average loans$236,057 $223,516 $214,571 $212,518 $208,596 $229,821 $205,428 
Credit-related statistics
Nonperforming assets (h) $1,066 $1,309 $1,375 $1,323 $1,160 
Net charge-offs - loans and leases$105 $92 $49 $53 $83 $197 $147 
(a)See note (a) on page 12.
(b)See note (b) on page 12.
(c)Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations.
(d)Other is primarily comprised of other direct expenses including outside services and equipment expense.
(e)Amounts are reported in net interest income and noninterest income.
(f)Represents commercial mortgage banking income for valuations on commercial mortgage loans held for sale and related commitments, derivative valuations, origination fees, gains on sale of loans held for sale and net interest income on loans held for sale.
(g)Represents net interest income and noninterest income from loan servicing, net of reduction in commercial mortgage servicing rights due to time and payoffs. Commercial mortgage servicing rights valuation, net of economic hedge is shown separately.
(h)Presented as of period end.
(i)Represents balances related to capitalized servicing.
(j)During the second quarter of 2026, equipment finance activity was centralized and established as a business unit within C&IB. As a result, certain loans were reclassified from Corporate Banking, Commercial Banking and Other to Equipment Finance. Prior periods have been adjusted to conform with the current presentation.


THE PNC FINANCIAL SERVICES GROUP, INC.

Page 17
Table 18: Asset Management Group (Unaudited) (a)
Three months endedSix months ended
June 30March 31December 31September 30June 30June 30June 30
Dollars in millions, except as noted2026202620252025202520262025
Income Statement
Net interest income (b)$191 $193 $184 $179 $184 $384 $362 
Noninterest income271 262 260 254 244 533 487 
Total revenue (b)462 455 444 433 428 917 849 
Provision for (recapture of) credit losses(3)5 (11)4 (13)2 (12)
Noninterest expense
Personnel120 125 120 115 115 245 236 
Segment allocations (c)128 127 133 120 118 255 235 
Depreciation and amortization11 10 11 9 10 21 18 
Other (d)30 30 29 29 25 60 58 
Total noninterest expense289 292 293 273 268 581 547 
Pre-tax earnings (b)176 158 162 156 173 334 314 
Income taxes (b)41 37 38 36 41 78 74 
Earnings (b)$135 $121 $124 $120 $132 $256 $240 
Average Balance Sheet
Loans
Consumer
Residential real estate $9,866 $9,826 $9,876 $9,937 $9,912 $9,846 $9,910 
Other consumer3,964 3,735 3,673 3,574 3,543 3,850 3,508 
Total consumer 13,830 13,561 13,549 13,511 13,455 13,696 13,418 
Commercial814 835 566 659 731 825 694 
Total loans$14,644 $14,396 $14,115 $14,170 $14,186 $14,521 $14,112 
Total assets$15,048 $14,804 $14,505 $14,575 $14,629 $14,927 $14,556 
Deposits
Noninterest-bearing $1,459 $1,411 $1,387 $1,426 $1,585 $1,435 $1,563 
Interest-bearing25,575 26,310 25,564 25,437 25,327 25,941 25,714 
Total deposits$27,034 $27,721 $26,951 $26,863 $26,912 $27,376 $27,277 
Performance Ratios (b)
Return on average assets3.60 %3.31 %3.39 %3.27 %3.62 %3.46 %3.32 %
Noninterest income to total revenue59 %58 %59 %59 %57 %58 %57 %
Efficiency63 %64 %66 %63 %63 %63 %64 %
Other Information
Nonperforming assets (e) $45 $45 $52 $58 $63 
Net charge-offs (recoveries) - loans and leases $1 $— $— $2 $(1)$1 $(1)
Client Assets Under Administration (in billions) (e)(f)
Discretionary client assets under management
 PNC Private Bank$146 $136 $138 $137 $131 
Institutional Asset Management101 94 96 91 86 
Total discretionary clients assets under management247 230 234 228 217 
Nondiscretionary client assets under administration256 233 238 212 204 
Total$503 $463 $472 $440 $421 
(a)See note (a) on page 12.
(b)See note (b) on page 12.
(c)Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations.
(d)Other is primarily comprised of other direct expenses including outside services and equipment expense.
(e)Presented as of period end.
(f)Excludes brokerage account client assets.

THE PNC FINANCIAL SERVICES GROUP, INC.

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Glossary of Terms

Allowance for credit losses (ACL) – A valuation account that is deducted from or added to the amortized cost basis of the related
financial assets to present the net carrying value at the amount expected to be collected on the financial asset.

Amortized cost basis – Amount at which a financial asset is originated or acquired, adjusted for applicable accretion or amortization of premiums, discounts and net deferred fees or costs, collection of cash, charge-offs, foreign exchange and fair value hedge accounting adjustments.

Basel III common equity tier 1 (CET1) capital (Tailoring Rules) – Common stock plus related surplus, net of treasury stock, plus retained earnings, less goodwill, net of associated deferred tax liabilities, less other disallowed intangibles, net of deferred tax liabilities and plus/less other adjustments. Investments in unconsolidated financial institutions, as well as mortgage servicing rights and deferred tax assets, must then be deducted to the extent such items (net of associated deferred tax liabilities) individually exceed 25% of our adjusted Basel III common equity tier 1 capital.

Basel III common equity tier 1 capital ratio – Common equity tier 1 capital divided by period-end risk-weighted assets (as applicable).

Basel III tier 1 capital – Common equity tier 1 capital, plus qualifying preferred stock, plus certain trust preferred capital securities, plus certain noncontrolling interests that are held by others and plus/less other adjustments.

Basel III tier 1 capital ratio – Tier 1 capital divided by period-end risk-weighted assets (as applicable).

Basel III Total capital – Tier 1 capital plus qualifying subordinated debt, plus certain trust preferred securities, plus, under the Basel III transitional rules and the standardized approach, the allowance for loan and lease losses included in tier 2 capital and other.

Basel III Total capital ratio – Basel III Total capital divided by period-end risk-weighted assets (as applicable).

Charge-off – Process of removing a loan or portion of a loan from our balance sheet because it is considered uncollectible. We also record a charge-off when a loan is transferred from portfolio holdings to held for sale by reducing the loan carrying amount to the fair value of the loan, if fair value is less than carrying amount.

Common shareholders’ equity – Total shareholders' equity less the liquidation value of preferred stock.

Credit valuation adjustment – Represents an adjustment to the fair value of our derivatives for our own and counterparties’ non-performance risk.

Criticized commercial loans – Loans with potential or identified weaknesses based upon internal risk ratings that comply with the regulatory classification definitions of “special mention,” “substandard” or “doubtful.”

Current Expected Credit Loss (CECL) – Methodology for estimating the allowance for credit losses on in-scope financial assets held at amortized cost and unfunded lending related commitments which uses a combination of expected losses over a reasonable and supportable forecast period, a reversion period and long run average credit losses for their estimated contractual term.

Discretionary client assets under management – Assets over which we have sole or shared investment authority for our customers/clients. We do not include these assets on our Consolidated Balance Sheet.

Earning assets – Assets that generate income, which include: interest-earning deposits with banks; loans held for sale; loans; investment securities; and certain other assets.

Efficiency – Noninterest expense divided by total revenue.

Fair value – The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Fee income – Refers to the following categories within Noninterest income: Asset management and brokerage, Capital markets and advisory, Card and cash management, Lending and deposit services, and Residential and commercial mortgage.

GAAP – Accounting principles generally accepted in the United States of America.

Leverage ratio – Basel III tier 1 capital divided by average quarterly adjusted total assets.

Nondiscretionary client assets under administration – Assets we hold for our customers/clients in a nondiscretionary, custodial capacity. We do not include these assets on our Consolidated Balance Sheet.

THE PNC FINANCIAL SERVICES GROUP, INC.

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Nonperforming assets – Nonperforming assets include nonperforming loans, OREO, foreclosed and other assets. We do not accrue interest income on assets classified as nonperforming.

Nonperforming loans – Loans accounted for at amortized cost whose credit quality has deteriorated to the extent that full collection of contractual principal and interest is not probable. Interest income is not recognized on nonperforming loans. Nonperforming loans exclude certain government insured or guaranteed loans for which we expect to collect substantially all principal and interest, loans held for sale and loans accounted for under the fair value option.

Operating leverage – The period to period dollar or percentage change in total revenue less the dollar or percentage change in noninterest expense. A positive variance indicates that revenue growth exceeded expense growth (i.e., positive operating leverage) while a negative variance implies expense growth exceeded revenue growth (i.e., negative operating leverage).

Other real estate owned (OREO) and foreclosed assets – Assets taken in settlement of troubled loans primarily through deed-in-lieu of foreclosure or foreclosure. Foreclosed assets include real and personal property. Certain assets that have a government-guarantee which are classified as other receivables are excluded.

Purchased credit deteriorated assets (PCD) – Acquired loans or debt securities that, at acquisition, are determined to have experienced a more-than-insignificant deterioration in credit quality since origination or issuance.

Purchased seasoned loans (PSL) – Acquired loans that, at acquisition, have not experienced a more-than-insignificant credit deterioration since origination and are deemed "seasoned". A loan is seasoned if it was purchased more than 90 days after origination and PNC was not involved in the origination of the loan. All loans that are acquired without credit deterioration through a business combination are deemed "seasoned".

Risk-weighted assets – Computed by the assignment of specific risk-weights (as defined by the Board of Governors of the Federal Reserve System) to assets and off-balance sheet instruments.

Servicing rights – Intangible assets or liabilities created by an obligation to service assets for others. Typical servicing rights include the right to receive a fee for collecting and forwarding payments on loans and related taxes and insurance premiums held in escrow.

Supplementary leverage ratio – Basel III tier 1 capital divided by Supplementary leverage exposure.

Tailoring Rules – Rules adopted by the federal banking agencies to better tailor the application of their capital, liquidity, and enhanced prudential requirements for banking organizations to the asset size and risk profile (as measured by certain regulatory metrics) of the banking organization. Effective January 1, 2020, the agencies' capital and liquidity rules classify all BHCs with $100 billion or more in total assets into one of four categories (Category I, Category II, Category III, and Category IV).

Taxable-equivalent interest income – The interest income earned on certain assets that is completely or partially exempt from federal income tax. These tax-exempt instruments typically yield lower returns than taxable investments.

Unfunded lending related commitments – Standby letters of credit, financial guarantees, commitments to extend credit and similar unfunded obligations that are not unilaterally, unconditionally, cancelable at PNC’s option.