Exhibit 99.1

THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2022

(Unaudited)

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THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2022

(UNAUDITED)

Consolidated Results:			Page
Income Statement			1
Balance Sheet			2
Average Balance Sheet			3
Details of Net Interest Margin			4
Loans			5
Allowance for Credit Losses			6-7
Nonperforming Assets			8
Accruing Loans Past Due			9-11
Business Segment Results:
Descriptions			12
Period End Employees			12
Net Income and Revenue			13
Retail Banking			14-15
Corporate & Institutional Banking			16
Asset Management Group			17
Glossary of Terms			18-20

The information contained in this Financial Supplement is preliminary, unaudited and based on data available on April 14, 2022. We have reclassified certain prior period amounts to be consistent with the current period presentation, which we believe is more meaningful to readers of our consolidated financial statements. 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, including residential mortgage, 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.

PRESENTATION OF NONINTEREST INCOME

Effective for the first quarter of 2022, PNC updated the presentation of its noninterest income categorization to be based on product and service type, and accordingly, has changed the basis of presentation of its noninterest income revenue streams to: (i) Asset management and brokerage, (ii) Capital markets related, (iii) Card and cash management, (iv) Lending and deposit services, (v) Residential and commercial mortgage and (vi) Other noninterest income. For a description of each updated noninterest income revenue stream, see PNC's Current Report on Form 8-K filed on March 31, 2022.

ACQUISITION OF BBVA USA BANCSHARES, INC.

On June 1, 2021, PNC acquired BBVA USA Bancshares Inc. (BBVA), a U.S. financial holding company conducting its business operations primarily through its U.S. banking subsidiary, BBVA USA. PNC paid $11.5 billion in cash as consideration for the acquisition.

On October 8, 2021, BBVA USA merged into PNC Bank. As of October 12, 2021, PNC converted approximately 2.6 million

customers, 9,000 employees and over 600 branches across seven states. Our 2021 results of operations reflect the benefit of BBVA's acquired business operations for the period since the acquisition closed on June 1, 2021. PNC's balance sheets at March 31, 2022, December 31, 2021, September 30, 2021 and June 30, 2021 include BBVA's balances.

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THE PNC FINANCIAL SERVICES GROUP, INC.
Cross Reference Index to First Quarter 2022 Financial Supplement (Unaudited)
Financial Supplement Table Reference
Table			Description			Page
1			Consolidated Income Statement			1
2			Consolidated Balance Sheet			2
3			Average Consolidated Balance Sheet			3
4			Details of Net Interest Margin			4
5			Details of Loans			5
6			Change in Allowance for Loan and Lease Losses			6
7			Components of the Provision for (Recapture of) Credit Losses			7
8			Allowance for Credit Losses by Loan Class			7
9			Nonperforming Assets by Type			8
10			Change in Nonperforming Assets			8
11			Accruing Loans Past Due 30 to 59 Days			9
12			Accruing Loans Past Due 60 to 89 Days			10
13			Accruing Loans Past Due 90 Days or More			11
14			Period End Employees			12
15			Summary of Business Segment Net Income and Revenue			13
16			Retail Banking			14-15
17			Corporate & Institutional Banking			16
18			Asset Management Group			17

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 1

Table 1: Consolidated Income Statement (Unaudited)

			Three months ended
			March 31						December 31						September 30						June 30						March 31
In millions, except per share data			2022						2021						2021						2021						2021
Interest Income
Loans			$	2,293					$	2,414					$	2,437					$	2,160					$	1,996
Investment securities			544						484						460						469						421
Other			77						77						78						72						66
Total interest income			2,914						2,975						2,975						2,701						2,483
Interest Expense
Deposits			27						27						29						30						40
Borrowed funds			83						86						90						90						95
Total interest expense			110						113						119						120						135
Net interest income			2,804						2,862						2,856						2,581						2,348
Noninterest Income
Asset management and brokerage			377						385						375						350						328
Capital markets related			252						460						482						324						311
Card and cash management			620						646						663						597						492
Lending and deposit services			269						273						305						270						254
Residential and commercial mortgage			159						209						248						206						187
Other (a)			211						292						268						339						300
Total noninterest income			1,888						2,265						2,341						2,086						1,872
Total revenue			4,692						5,127						5,197						4,667						4,220
Provision For (Recapture of) Credit Losses			(208)						(327)						(203)						302						(551)
Noninterest Expense
Personnel			1,717						2,038						1,986						1,640						1,477
Occupancy			258						260						248						217						215
Equipment			331						437						355						326						293
Marketing			61						97						103						74						45
Other			805						959						895						793						544
Total noninterest expense			3,172						3,791						3,587						3,050						2,574
Income before income taxes and noncontrolling interests			1,728						1,663						1,813						1,315						2,197
Income taxes			299						357						323						212						371
Net income			1,429						1,306						1,490						1,103						1,826
Less: Net income attributable to noncontrolling interests			21						13						16						12						10
Preferred stock dividends (b)			45						71						57						48						57
Preferred stock discount accretion and redemptions			2						2						1						1						1
Net income attributable to common shareholders			$	1,361					$	1,220					$	1,416					$	1,042					$	1,758
Earnings Per Common Share
Basic			$	3.23					$	2.87					$	3.31					$	2.43					$	4.11
Diluted			$	3.23					$	2.86					$	3.30					$	2.43					$	4.10
Average Common Shares Outstanding
Basic			420						424						426						427						426
Diluted			420						424						426						427						426
Efficiency			68		%				74		%				69		%				65		%				61		%
Noninterest income to total revenue			40		%				44		%				45		%				45		%				44		%
Effective tax rate from continuing operations (c)			17.3		%				21.5		%				17.8		%				16.1		%				16.9		%

(a)Includes net gains (losses) on sales of securities of $(4) million, $14 million, $15 million, $10 million and $25 million for the quarters ended March 31, 2022, December 31, 2021, September 30, 2021, June 30, 2021 and March 31, 2021, respectively.

(b)Dividends are payable quarterly other than Series R and Series S preferred stock, which are 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.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 2

Table 2: Consolidated Balance Sheet (Unaudited)

			March 31						December 31						September 30						June 30						March 31
In millions, except par value			2022						2021						2021						2021						2021
Assets
Cash and due from banks			$	7,572					$	8,004					$	8,843					$	8,724					$	7,455
Interest-earning deposits with banks (a)			48,776						74,250						75,478						72,447						86,161
Loans held for sale (b)			1,506						2,231						2,121						2,227						1,967
Investment securities – available for sale			112,313						131,536						124,127						125,058						96,799
Investment securities – held to maturity			20,098						1,426						1,479						1,485						1,456
Loans (b)			294,457						288,372						290,230						294,704						237,013
Allowance for loan and lease losses			(4,558)						(4,868)						(5,355)						(5,730)						(4,714)
Net loans			289,899						283,504						284,875						288,974						232,299
Equity investments			7,798						8,180						7,737						7,521						6,386
Mortgage servicing rights			2,208						1,818						1,833						1,793						1,680
Goodwill			10,916						10,916						10,885						10,958						9,317
Other (b)			40,160						35,326						36,137						35,025						30,894
Total assets			$	541,246					$	557,191					$	553,515					$	554,212					$	474,414
Liabilities
Deposits
Noninterest-bearing			$	150,798					$	155,175					$	156,305					$	154,190					$	120,641
Interest-bearing			299,399						302,103						292,597						298,693						254,426
Total deposits			450,197						457,278						448,902						452,883						375,067
Borrowed funds
Federal Home Loan Bank borrowings																											1,500
Bank notes and senior debt			16,206						20,661						22,993						24,408						22,139
Subordinated debt			6,766						6,996						7,074						7,120						6,241
Other (b)			3,599						3,127						3,404						3,285						3,150
Total borrowed funds			26,571						30,784						33,471						34,813						33,030
Allowance for unfunded lending related commitments			639						662						646						645						507
Accrued expenses and other liabilities			14,623						12,741						14,199						11,186						11,931
Total liabilities			492,030						501,465						497,218						499,527						420,535
Equity
Preferred stock (c)
Common stock - $5 par value
Authorized 800 shares, issued 543 shares			2,713						2,713						2,713						2,713						2,713
Capital surplus			17,487						17,457						17,453						15,928						15,879
Retained earnings			51,058						50,228						49,541						48,663						48,113
Accumulated other comprehensive income (loss)			(5,731)						409						1,079						1,463						1,290
Common stock held in treasury at cost: 128, 123, 120, 118, and 118 shares			(16,346)						(15,112)						(14,527)						(14,140)						(14,146)
Total shareholders’ equity			49,181						55,695						56,259						54,627						53,849
Noncontrolling interests			35						31						38						58						30
Total equity			49,216						55,726						56,297						54,685						53,879
Total liabilities and equity			$	541,246					$	557,191					$	553,515					$	554,212					$	474,414

(a)Amounts include balances held with the Federal Reserve Bank of $48.4 billion, $73.8 billion, $75.1 billion, $71.9 billion and $85.8 billion as of March 31, 2022, December 31, 2021, September 30, 2021, June 30, 2021 and March 31, 2021, respectively.

(b)Amounts include assets and liabilities for which PNC has elected the fair value option. Our 2021 Form 10-K included, and our first quarter 2022 Form 10-Q will include, additional information regarding these items.

(c)Par value less than $0.5 million at each date.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 3

Table 3: Average Consolidated Balance Sheet (Unaudited) (a) (b)
			Three months ended
			March 31						December 31						September 30						June 30						March 31
In millions			2022						2021						2021						2021						2021
Assets
Interest-earning assets:
Investment securities
Securities available for sale
Residential mortgage-backed
Agency			$	67,498					$	64,521					$	63,163					$	56,042					$	45,298
Non-agency			1,007						974						1,051						1,142						1,236
Commercial mortgage-backed			5,229						5,538						6,134						6,465						6,241
Asset-backed			6,225						6,206						5,608						5,855						5,304
U.S. Treasury and government agencies			47,468						44,415						38,149						32,419						22,309
Other			4,876						4,741						4,994						5,107						4,561
Total securities available for sale			132,303						126,395						119,099						107,030						84,949
Securities held to maturity
Residential mortgage-backed			106
U.S. Treasury and government agencies			919						812						807						802						797
Other			569						642						680						671						650
Total securities held to maturity			1,594						1,454						1,487						1,473						1,447
Total investment securities			133,897						127,849						120,586						108,503						86,396
Loans
Commercial and industrial			155,481						152,355						152,964						137,892						129,996
Commercial real estate			34,004						35,256						37,054						31,611						28,598
Equipment lease financing			6,099						6,183						6,300						6,332						6,332
Consumer			54,965						56,244						57,533						52,575						50,904
Residential real estate			40,152						38,872						37,475						27,197						22,305
Total loans			290,701						288,910						291,326						255,607						238,135
Interest-earning deposits with banks (c)			62,540						75,377						80,274						78,522						85,410
Other interest-earning assets			9,417						9,113						9,113						8,079						7,829
Total interest-earning assets			496,555						501,249						501,299						450,711						417,770
Noninterest-earning assets			53,541						58,123						57,943						53,718						50,450
Total assets			$	550,096					$	559,372					$	559,242					$	504,429					$	468,220
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing deposits
Money market			$	62,596					$	65,214					$	82,911					$	64,990					$	59,083
Demand			112,372						108,345						106,588						99,091						91,619
Savings			108,532						104,644						89,679						87,307						82,926
Time deposits			16,043						18,029						19,293						18,048						18,449
Total interest-bearing deposits			299,543						296,232						298,471						269,436						252,077
Borrowed funds
Federal Home Loan Bank borrowings																					265						2,411
Bank notes and senior debt			18,015						21,581						22,573						22,620						22,799
Subordinated debt			6,773						6,779						6,787						6,218						5,929
Other			5,524						5,987						4,992						5,046						4,057
Total borrowed funds			30,312						34,347						34,352						34,149						35,196
Total interest-bearing liabilities			329,855						330,579						332,823						303,585						287,273
Noninterest-bearing liabilities and equity:
Noninterest-bearing deposits			153,726						156,549						155,948						132,283						113,299
Accrued expenses and other liabilities			14,058						16,818						15,332						14,755						14,258
Equity			52,457						55,426						55,139						53,806						53,390
Total liabilities and equity			$	550,096					$	559,372					$	559,242					$	504,429					$	468,220

(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. Basis 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). Average balances for certain loans and borrowed funds accounted for at fair value are included in noninterest-earning assets and noninterest-bearing liabilities, with changes in fair value recorded in Noninterest income.

(c)Amounts include average balances held with the Federal Reserve Bank of Cleveland of $62.3 billion, $75.1 billion, $80.1 billion, $78.3 billion and $85.2 billion for the three months ended March 31, 2022, December 31, 2021, September 30, 2021, June 30, 2021 and March 31, 2021, respectively.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 4

Table 4: Details of Net Interest Margin (Unaudited)
			Three months ended
			March 31						December 31						September 30						June 30						March 31
			2022						2021						2021						2021						2021
Average yields/rates (a)
Yield on interest-earning assets
Investment securities
Securities available for sale
Residential mortgage-backed
Agency			1.73		%				1.47		%				1.41		%				1.61		%				1.72		%
Non-agency			7.53		%				7.36		%				8.07		%				7.85		%				7.24		%
Commercial mortgage-backed			2.36		%				2.37		%				2.34		%				2.49		%				2.58		%
Asset-backed			1.35		%				1.48		%				1.50		%				2.07		%				1.84		%
U.S. Treasury and government agencies			1.18		%				1.17		%				1.18		%				1.30		%				1.68		%
Other			2.73		%				2.77		%				2.90		%				3.00		%				3.28		%
Total securities available for sale			1.62		%				1.50		%				1.51		%				1.73		%				1.95		%
Securities held to maturity
U.S. Treasury and government agencies			2.61		%				2.89		%				2.88		%				2.86		%				2.83		%
Other			4.17		%				4.20		%				4.33		%				3.67		%				4.17		%
Total securities held to maturity			2.99		%				3.47		%				3.54		%				3.23		%				3.43		%
Total investment securities			1.64		%				1.52		%				1.54		%				1.75		%				1.97		%
Loans
Commercial and industrial			2.75		%				2.90		%				2.80		%				2.89		%				2.91		%
Commercial real estate			2.79		%				2.86		%				3.17		%				2.92		%				2.80		%
Equipment lease financing			3.74		%				3.81		%				3.83		%				3.76		%				3.90		%
Consumer			4.69		%				4.71		%				4.85		%				4.82		%				4.78		%
Residential real estate			3.10		%				3.26		%				3.15		%				3.50		%				3.53		%
Total loans			3.19		%				3.32		%				3.32		%				3.38		%				3.38		%
Interest-earning deposits with banks			0.19		%				0.15		%				0.16		%				0.11		%				0.10		%
Other interest-earning assets			2.07		%				2.14		%				2.03		%				2.46		%				2.34		%
Total yield on interest-earning assets			2.37		%				2.36		%				2.36		%				2.40		%				2.40		%
Rate on interest-bearing liabilities
Interest-bearing deposits
Money market			0.03		%				0.02		%				0.03		%				0.03		%				0.03		%
Demand			0.02		%				0.02		%				0.03		%				0.03		%				0.04		%
Savings			0.04		%				0.04		%				0.04		%				0.05		%				0.06		%
Time deposits			0.13		%				0.11		%				0.12		%				0.20		%				0.32		%
Total interest-bearing deposits			0.04		%				0.04		%				0.04		%				0.05		%				0.06		%
Borrowed funds
Federal Home Loan Bank borrowings																					0.35		%				0.43		%
Bank notes and senior debt			1.02		%				0.94		%				0.97		%				0.98		%				1.04		%
Subordinated debt			1.40		%				1.28		%				1.28		%				1.35		%				1.43		%
Other			0.97		%				0.79		%				0.93		%				0.97		%				1.21		%
Total borrowed funds			1.10		%				0.98		%				1.03		%				1.04		%				1.09		%
Total rate on interest-bearing liabilities			0.13		%				0.13		%				0.14		%				0.16		%				0.19		%
Interest rate spread			2.24		%				2.23		%				2.22		%				2.24		%				2.21		%
Benefit from use of noninterest bearing sources (b)			0.04		%				0.04		%				0.05		%				0.05		%				0.06		%
Net interest margin			2.28		%				2.27		%				2.27		%				2.29		%				2.27		%

(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 March 31, 2022, December 31, 2021, September 30, 2021, June 30, 2021 and March 31, 2021 were $22 million, $22 million, $22 million, $15 million and $15 million, respectively.

(b)Represents the positive effects of investing noninterest-bearing sources in interest-earning assets.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 5

Table 5: Details of Loans (Unaudited)

						March 31						December 31						September 30						June 30						March 31
In millions						2022						2021						2021						2021						2021
Commercial
Commercial and industrial
Manufacturing						$	25,035					$	22,597					$	22,760					$	22,709					$	20,032
Retail/wholesale trade						25,027						22,803						22,238						22,596						20,349
Service providers						20,584						20,750						20,969						22,303						19,403
Financial services						17,674						17,950						18,022						15,947						13,382
Real estate related (a)						15,459						15,123						14,809						14,945						13,052
Technology, media & telecommunications						10,684						10,070						8,920						9,195						7,746
Health care						9,810						9,944						10,567						11,713						8,741
Transportation and warehousing						7,209						7,136						7,318						7,967						6,751
Other industries						26,392						26,560						27,132						27,925						20,342
Total commercial and industrial						157,874						152,933						152,735						155,300						129,798
Commercial real estate						34,171						34,015						36,195						37,964						28,319
Equipment lease financing						6,216						6,130						6,257						6,376						6,389
Total commercial						198,261						193,078						195,187						199,640						164,506
Consumer
Residential real estate						41,566						39,712						38,214						36,846						22,418
Home equity						24,185						24,061						24,479						25,174						23,493
Automobile						16,001						16,635						17,265						17,551						13,584
Credit card						6,464						6,626						6,466						6,528						5,675
Education						2,441						2,533						2,653						2,726						2,842
Other consumer						5,539						5,727						5,966						6,239						4,495
Total consumer						96,196						95,294						95,043						95,064						72,507
Total loans						$	294,457					$	288,372					$	290,230					$	294,704					$	237,013

(a)Represents loans to customers in the real estate and construction industries.

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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 ended
						March 31						December 31						September 30						June 30						March 31
Dollars in millions						2022						2021						2021						2021						2021
Allowance for loan and lease losses
Beginning balance						$	4,868					$	5,355					$	5,730					$	4,714					$	5,361
Acquisition PCD reserves																		(59)						1,115
Gross charge-offs:
Commercial and industrial						(41)						(35)						(46)						(245)						(59)
Commercial real estate						(10)						(2)						(1)						(28)						(5)
Equipment lease financing						(1)						(4)						(3)						(1)						(5)
Residential real estate						(7)						(4)						(4)						(3)						(4)
Home equity						(4)						(4)						(2)						(7)						(7)
Automobile						(52)						(49)						(33)						(35)						(52)
Credit card						(68)						(60)						(62)						(65)						(69)
Education						(4)						(4)						(3)						(3)						(5)
Other consumer						(64)						(62)						(52)						(41)						(37)
Total gross charge-offs						(251)						(224)						(206)						(428)						(243)
Recoveries:
Commercial and industrial						30						20						25						29						14
Commercial real estate						1						2						2						2						1
Equipment lease financing						3						3						2						3						3
Residential real estate						5						8						9						6						5
Home equity						21						23						25						21						17
Automobile						31						26						38						41						38
Credit card						12						10						13						11						12
Education						1						2						2						2						2
Other consumer						10						6						9						7						5
Total recoveries						114						100						125						122						97
Net (charge-offs) / recoveries:
Commercial and industrial						(11)						(15)						(21)						(216)						(45)
Commercial real estate						(9)												1						(26)						(4)
Equipment lease financing						2						(1)						(1)						2						(2)
Residential real estate						(2)						4						5						3						1
Home equity						17						19						23						14						10
Automobile						(21)						(23)						5						6						(14)
Credit card						(56)						(50)						(49)						(54)						(57)
Education						(3)						(2)						(1)						(1)						(3)
Other consumer						(54)						(56)						(43)						(34)						(32)
Total net (charge-offs) (a)						(137)						(124)						(81)						(306)						(146)
Provision for (recapture of) credit losses (b)						(172)						(362)						(229)						206						(502)
Other						(1)						(1)						(6)						1						1
Ending balance						$	4,558					$	4,868					$	5,355					$	5,730					$	4,714
Supplemental Information
Net charge-offs
Commercial net charge-offs						$	(18)					$	(16)					$	(21)					$	(240)					$	(51)
Consumer net charge-offs						(119)						(108)						(60)						(66)						(95)
Total net charge-offs (a)						$	(137)					$	(124)					$	(81)					$	(306)					$	(146)
Net charge-offs to average loans (annualized)						0.19		%				0.17		%				0.11		%				0.48		%				0.25		%
Commercial						0.04		%				0.03		%				0.04		%				0.55		%				0.13		%
Consumer						0.51		%				0.45		%				0.25		%				0.33		%				0.53		%

(a)    Amounts for the three months ended June 30, 2021 included $248 million attributable to BBVA, primarily related to commercial and industrial loans, which were largely the result of required purchase accounting treatment for the BBVA acquisition on June 1, 2021.

(b)    See Table 7 for the components of the Provision for (recapture of) credit losses being reported on the Consolidated Income Statement.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 7

Allowance for Credit Losses (Unaudited) (Continued)

Table 7: Components of the Provision for (Recapture of) Credit Losses

						Three months ended
						March 31						December 31						September 30						June 30						March 31
In millions						2022						2021						2021						2021 (a)						2021
Provision for (recapture of) credit losses
Loans and leases						$	(172)					$	(362)					$	(229)					$	206					$	(502)
Unfunded lending related commitments						(23)						16						1						92						(77)
Investment securities						1												25												26
Other financial assets						(14)						19												4						2
Total provision for (recapture of) credit losses						$	(208)					$	(327)					$	(203)					$	302					$	(551)

(a)     Amounts include $1.0 billion of provision for credit losses that was recorded as part of the BBVA acquisition on June 1, 2021.

Table 8: Allowance for Credit Losses by Loan Class (a)

			March 31, 2022															December 31, 2021															March 31, 2021
Dollars in millions			Allowance Amount						Total Loans			% of Total Loans						Allowance Amount						Total Loans			% of Total Loans						Allowance Amount						Total Loans			% of Total Loans
Allowance for loan and lease losses
Commercial
Commercial and industrial			$	1,884					$	157,874		1.19		%				$	1,879					$	152,933		1.23		%				$	1,815					$	129,798		1.40		%
Commercial real estate			1,034						34,171			3.03		%				1,216						34,015			3.57		%				1,126						28,319			3.98		%
Equipment lease financing			85						6,216			1.37		%				90						6,130			1.47		%				142						6,389			2.22		%
Total commercial			3,003						198,261			1.51		%				3,185						193,078			1.65		%				3,083						164,506			1.87		%
Consumer
Residential real estate			25						41,566			0.06		%				21						39,712			0.05		%				(17)						22,418			(0.08)		%
Home equity			170						24,185			0.70		%				149						24,061			0.62		%				239						23,493			1.02		%
Automobile			276						16,001			1.72		%				372						16,635			2.24		%				344						13,584			2.53		%
Credit card			708						6,464			10.95		%				712						6,626			10.75		%				693						5,675			12.21		%
Education			66						2,441			2.70		%				71						2,533			2.80		%				112						2,842			3.94		%
Other consumer			310						5,539			5.60		%				358						5,727			6.25		%				260						4,495			5.78		%
Total consumer			1,555						96,196			1.62		%				1,683						95,294			1.77		%				1,631						72,507			2.25		%
Total			4,558						$	294,457		1.55		%				4,868						$	288,372		1.69		%				4,714						$	237,013		1.99		%
Allowance for unfunded lending related commitments			639															662															507
Allowance for credit losses			$	5,197														$	5,530														$	5,221
Supplemental Information
Allowance for credit losses to total loans												1.76		%													1.92		%													2.20		%
Commercial												1.81		%													1.94		%													2.12		%
Consumer												1.67		%													1.87		%													2.39		%

(a)     Excludes allowances for investment securities and other financial assets, which together totaled $158 million, $171 million and $136 million at March 31, 2022, December 31, 2021 and March 31, 2021, respectively.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 8

Details of Nonperforming Assets (Unaudited)

Table 9: Nonperforming Assets by Type

						March 31						December 31						September 30						June 30						March 31
Dollars in millions						2022						2021						2021						2021						2021
Nonperforming loans, including TDRs
Commercial
Commercial and industrial
Service providers						$	173					$	188					$	220					$	206					$	79
Manufacturing						70						52						62						65						55
Retail/wholesale trade						59						50						59						71						66
Real estate related (a)						39						64						49						78						48
Health care						37						46						56						71						19
Technology, media & telecommunications						36						33						37						62						43
Transportation and warehousing						28						18						21						18						18
Other industries						218						345						325						359						184
Total commercial and industrial						660						796						829						930						512
Commercial real estate						332						364						365						501						221
Equipment lease financing						6						8						10						15						16
Total commercial						998						1,168						1,204						1,446						749
Consumer (b)
Residential real estate						526						517						533						503						541
Home equity						576						596						592						626						656
Automobile						181						183						184						191						178
Credit card						8						7						7						7						7
Other consumer						9						9						8						6						7
Total consumer						1,300						1,312						1,324						1,333						1,389
Total nonperforming loans (c)						2,298						2,480						2,528						2,779						2,138
OREO and foreclosed assets						26						26						31						39						41
Total nonperforming assets						$	2,324					$	2,506					$	2,559					$	2,818					$	2,179
Nonperforming loans to total loans						0.78		%				0.86		%				0.87		%				0.94		%				0.90		%
Nonperforming assets to total loans, OREO and foreclosed assets						0.79		%				0.87		%				0.88		%				0.96		%				0.92		%
Nonperforming assets to total assets						0.43		%				0.45		%				0.46		%				0.51		%				0.46		%
Allowance for loan and lease losses to nonperforming loans						198		%				196		%				212		%				206		%				220		%

(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.

Table 10: Change in Nonperforming Assets

						January 1, 2022 -						October 1, 2021 -						July 1, 2021 -						April 1, 2021 -						January 1, 2021 -
In millions						March 31, 2022						December 31, 2021						September 30, 2021						June 30, 2021						March 31, 2021
Beginning balance						$	2,506					$	2,559					$	2,818					$	2,179					$	2,337
Acquired nonperforming assets (a)																								880
New nonperforming assets						346						395						365						207						249
Charge-offs and valuation adjustments						(62)						(53)						(71)						(61)						(70)
Principal activity, including paydowns and payoffs						(274)						(240)						(333)						(264)						(186)
Asset sales and transfers to loans held for sale						(21)						(3)						(30)						(15)						(86)
Returned to performing status						(171)						(152)						(190)						(108)						(65)
Ending balance						$	2,324					$	2,506					$	2,559					$	2,818					$	2,179

(a)Represents nonperforming assets acquired as a part of the BBVA acquisition on June 1, 2021 and includes $871 million of loans and $9 million of OREO and foreclosed assets. Our second quarter 2021 Form 10-Q included additional information on the BBVA acquisition.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 9

Accruing Loans Past Due (Unaudited)                  

Under the CARES Act credit reporting rules, certain loans modified due to COVID-19 related hardships are not being reported as past due

for the periods presented based on the contractual terms of the loan, even where borrowers may not be making payments on their loans during the modification period. Our 2021 Form 10-K included additional information on COVID-19 related loan modifications.

Table 11: Accruing Loans Past Due 30 to 59 Days (a)

						March 31						December 31						September 30						June 30						March 31
Dollars in millions						2022						2021						2021						2021						2021
Commercial
Commercial and industrial						$	185					$	235					$	97					$	72					$	80
Commercial real estate						68						46						68						5						12
Equipment lease financing						20						25						5						3						21
Total commercial						273						306						170						80						113
Consumer
Residential real estate
Non government insured						239						310						178						182						61
Government insured						66						69						81						88						101
Home equity						41						53						45						44						43
Automobile						109						146						114						98						76
Credit card						39						49						42						37						31
Education
Non government insured						5						5						5						5						6
Government insured						36						38						40						41						43
Other consumer						47						35						34						31						11
Total consumer						582						705						539						526						372
Total						$	855					$	1,011					$	709					$	606					$	485
Supplemental Information
Total accruing loans past due 30-59 days to total loans						0.29		%				0.35		%				0.24		%				0.21		%				0.20		%
Commercial						0.14		%				0.16		%				0.09		%				0.04		%				0.07		%
Consumer						0.61		%				0.74		%				0.57		%				0.55		%				0.51		%

(a)Excludes loans held for sale.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 10

Accruing Loans Past Due (Unaudited) (Continued)

Table 12: Accruing Loans Past Due 60 to 89 Days (a)

						March 31						December 31						September 30						June 30						March 31
Dollars in millions						2022						2021						2021						2021						2021
Commercial
Commercial and industrial						$	64					$	72					$	50					$	27					$	13
Commercial real estate						41						24						2						3						1
Equipment lease financing						1						2						4						4						1
Total commercial						106						98						56						34						15
Consumer
Residential real estate
Non government insured						47						78						53						53						13
Government insured						37						41						45						52						60
Home equity						16						18						18						17						20
Automobile						26						40						23						20						19
Credit card						28						33						27						24						24
Education
Non government insured						3						2						3						2						3
Government insured						21						23						23						20						22
Other consumer						26						22						15						16						6
Total consumer						204						257						207						204						167
Total						$	310					$	355					$	263					$	238					$	182
Supplemental Information
Total accruing loans past due 60-89 days to total loans						0.11		%				0.12		%				0.09		%				0.08		%				0.08		%
Commercial						0.05		%				0.05		%				0.03		%				0.02		%				0.01		%
Consumer						0.21		%				0.27		%				0.22		%				0.21		%				0.23		%

(a)Excludes loans held for sale.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 11

Accruing Loans Past Due (Unaudited) (Continued)

Table 13: Accruing Loans Past Due 90 Days or More (a)

						March 31						December 31						September 30						June 30						March 31
Dollars in millions						2022						2021						2021						2021						2021
Commercial
Commercial and industrial						$	105					$	132					$	56					$	45					$	63
Commercial real estate						7						1						11						2
Total commercial						112						133						67						47						63
Consumer
Residential real estate
Non government insured						41						59						33						44						17
Government insured						232						269						268						297						258
Automobile						8						14						4						3						6
Credit card						62						62						53						59						52
Education
Non government insured						2						2						1						1						2
Government insured						62						63						60						66						74
Other consumer						15						17						11						14						7
Total consumer						422						486						430						484						416
Total						$	534					$	619					$	497					$	531					$	479
Supplemental Information
Total accruing loans past due 90 days or more to total loans						0.18		%				0.21		%				0.17		%				0.18		%				0.20		%
Commercial						0.06		%				0.07		%				0.03		%				0.02		%				0.04		%
Consumer						0.44		%				0.51		%				0.45		%				0.51		%				0.57		%
Total accruing loans past due						$	1,699					$	1,985					$	1,469					$	1,375					$	1,146
Commercial						$	491					$	537					$	293					$	161					$	191
Consumer						$	1,208					$	1,448					$	1,176					$	1,214					$	955
Total accruing loans past due to total loans						0.58		%				0.69		%				0.51		%				0.47		%				0.48		%
Commercial						0.25		%				0.28		%				0.15		%				0.08		%				0.12		%
Consumer						1.26		%				1.52		%				1.24		%				1.28		%				1.32		%

(a)Excludes loans held for sale.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 12

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. Our customers are serviced through our branch network, ATMs, call centers, online banking and mobile channels. As a result of the BBVA acquisition, we have become a coast-to-coast Retail Bank. Our national expansion strategy is designed to grow customers with digitally-led banking and a thin branch network as we expand into new markets. Deposit products include checking, savings and money market accounts and certificates of deposit. Lending products include residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans and 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. Brokerage, investment management and cash management products and services include managed, education, retirement and trust accounts.

Corporate & Institutional Banking provides lending, treasury management and capital markets 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, international payment services and access to online/mobile information management and reporting services. Within Treasury Management, PNC Global Transfers provides wholesale money transfer processing capabilities between the U.S. and Mexico and other countries primarily in Central America and South America. Capital markets products and services include foreign exchange, derivatives, fixed income, securities underwriting, loan syndications, mergers and acquisitions advisory and equity capital markets advisory related services. 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 comprised of two distinct 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, and 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 through PNC Private Bank Hawthorn.

•Institutional Asset Management provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and retirement plan fiduciary investment services to institutional clients including corporations, healthcare systems, insurance companies, unions, municipalities and non-profits.

Table 14: Period End Employees

			March 31						December 31						September 30						June 30						March 31
			2022						2021						2021						2021						2021
Full-time employees
Retail Banking			33,293						32,563						33,188						33,471						27,690
Other full-time employees			25,037						25,105						25,442						25,512						22,281
Total full-time employees			58,330						57,668						58,630						58,983						49,971
Part-time employees
Retail Banking			1,670						1,669						1,616						1,821						1,697
Other part-time employees			82						89						94						431						101
Total part-time employees			1,752						1,758						1,710						2,252						1,798
Total			60,082						59,426						60,340						61,235						51,769

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 13

Table 15: Summary of Business Segment Net Income and Revenue (Unaudited) (a)

			Three months ended
			March 31						December 31						September 30						June 30						March 31
In millions			2022						2021						2021						2021						2021
Income
Retail Banking			$	340					$	362					$	447					$	232					$	607
Corporate & Institutional Banking			956						1,334						1,123						809						1,058
Asset Management Group			102						106						114						87						99
Other			10						(509)						(210)						(37)						52
Net income excluding noncontrolling interests			$	1,408					$	1,293					$	1,474					$	1,091					$	1,816
Revenue
Retail Banking			$	2,276					$	2,408					$	2,375					$	2,203					$	2,016
Corporate & Institutional Banking			1,964						2,281						2,306						1,959						1,808
Asset Management Group			386						388						397						356						322
Other			66						50						119						149						74
Total revenue			$	4,692					$	5,127					$	5,197					$	4,667					$	4,220

(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.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 14

Table 16: Retail Banking (Unaudited) (a)

			Three months ended
			March 31						December 31						September 30						June 30						March 31
Dollars in millions			2022						2021						2021						2021						2021
Income Statement
Net interest income			$	1,531					$	1,634					$	1,713					$	1,497					$	1,362
Noninterest income			745						774						662						706						654
Total revenue			2,276						2,408						2,375						2,203						2,016
Provision for (recapture of) credit losses			(81)						55						(113)						214						(257)
Noninterest expense			1,892						1,874						1,889						1,677						1,476
Pretax earnings			465						479						599						312						797
Income taxes			109						112						140						73						183
Noncontrolling interests			16						5						12						7						7
Earnings			$	340					$	362					$	447					$	232					$	607
Average Balance Sheet
Loans held for sale			$	1,183					$	1,425					$	1,583					$	1,405					$	891
Loans
Consumer
Residential real estate			$	31,528					$	30,888					$	30,702					$	21,653					$	17,468
Home equity			22,458						22,572						23,047						22,080						21,833
Automobile			16,274						16,944						17,377						14,888						13,890
Credit card			6,401						6,513						6,484						5,900						5,819
Education			2,532						2,620						2,712						2,812						2,938
Other consumer			2,348						2,612						2,892						2,175						1,898
Total consumer			81,541						82,149						83,214						69,508						63,846
Commercial			11,610						12,844						15,895						14,796						13,743
Total loans			$	93,151					$	94,993					$	99,109					$	84,304					$	77,589
Total assets			$	111,754					$	113,782					$	117,394					$	100,948					$	92,891
Deposits
Noninterest-bearing			$	64,058					$	65,510					$	65,985					$	54,260					$	44,845
Interest-bearing			201,021						197,312						196,006						178,946						163,389
Total deposits			$	265,079					$	262,822					$	261,991					$	233,206					$	208,234
Performance Ratios
Return on average assets			1.23		%				1.26		%				1.51		%				0.92		%				2.65		%
Noninterest income to total revenue			33		%				32		%				28		%				32		%				32		%
Efficiency			83		%				78		%				80		%				76		%				73		%

(a)See note (a) on page 13.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 15

Retail Banking (Unaudited) (Continued)

			Three months ended
			March 31						December 31						September 30						June 30						March 31
Dollars in millions, except as noted			2022						2021						2021						2021						2021
Supplemental Noninterest Income Information
Asset management and brokerage			$	134					$	131					$	122					$	110					$	102
Card and cash management			$	308					$	347					$	346					$	324					$	264
Lending and deposit services			$	164					$	157					$	180					$	148					$	134
Residential and commercial mortgage			$	99					$	101					$	147					$	103					$	105
Residential Mortgage Information
Residential mortgage servicing statistics (in billions, except as noted) (a)
Serviced portfolio balance (b)			$	135					$	133					$	139					$	145					$	117
Serviced portfolio acquisitions			$	6					$	2					$	2					$	33					$	7
MSR asset value (b)			$	1.3					$	1.1					$	1.1					$	1.1					$	1.0
MSR capitalization value (in basis points) (b)			98						81						81						77						83
Servicing income: (in millions)
Servicing fees, net (c)			$	33					$	14					$	18					$	(3)					$	5
Mortgage servicing rights valuation, net of economic hedge			$	2					$	2					$	24					$	24					$	14
Residential mortgage loan statistics
Loan origination volume (in billions)			$	5.1					$	6.6					$	7.4					$	6.5					$	4.3
Loan sale margin percentage			2.45		%				2.55		%				3.01		%				2.67		%				3.28		%
Percentage of originations represented by:
Purchase volume (d)			42		%				38		%				47		%				48		%				34		%
Refinance volume			58		%				62		%				53		%				52		%				66		%
Other Information (b)
Customer-related statistics (average)
Non-teller deposit transactions (e)			64		%				64		%				66		%				65		%				66		%
Digital consumer customers (f)			78		%				79		%				80		%				80		%				79		%
Credit-related statistics
Nonperforming assets			$	1,168					$	1,220					$	1,220					$	1,245					$	1,229
Net charge-offs - loans and leases			$	141					$	124					$	82					$	79					$	108
Other statistics
ATMs			9,502						9,523						9,572						9,636						8,874
Branches (g)			2,591						2,629						2,712						2,724						2,137
Brokerage account client assets (in billions) (h)			$	74					$	78					$	76					$	83					$	61

(a)Represents mortgage loan servicing balances for third parties and the related income.

(b)Presented as of period end, except for average customer-related statistics and net charge-offs, which are both shown for the three months ended.

(c)Servicing fees net of impact of decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan payments, prepayments, and loans that were paid down or paid off during the period.

(d)Mortgages with borrowers as part of residential real estate purchase transactions.

(e)Percentage of total consumer and business banking deposit transactions processed at an ATM or through our mobile banking application.

(f)Represents consumer checking relationships that process the majority of their transactions through non-teller channels.

(g)Excludes stand-alone mortgage offices and satellite offices (e.g., drive-ups, electronic branches and retirement centers) that provide limited products and/or services.

(h)Includes cash and money market balances.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 16

Table 17: Corporate & Institutional Banking (Unaudited) (a)

			Three months ended
			March 31						December 31						September 30						June 30						March 31
Dollars in millions			2022						2021						2021						2021						2021
Income Statement
Net interest income			$	1,160					$	1,228					$	1,250					$	1,092					$	1,001
Noninterest income			804						1,053						1,056						867						807
Total revenue			1,964						2,281						2,306						1,959						1,808
Provision for (recapture of) credit losses			(118)						(369)						(99)						104						(282)
Noninterest expense			837						975						980						813						711
Pretax earnings			1,245						1,675						1,425						1,042						1,379
Income taxes			285						337						299						229						318
Noncontrolling interests			4						4						3						4						3
Earnings			$	956					$	1,334					$	1,123					$	809					$	1,058
Average Balance Sheet
Loans held for sale			$	628					$	539					$	541					$	564					$	691
Loans
Commercial
Commercial and industrial			$	141,622					$	137,079					$	134,128					$	121,232					$	114,944
Commercial real estate			32,433						33,559						35,368						30,118						27,182
Equipment lease financing			6,099						6,184						6,300						6,332						6,332
Total commercial			180,154						176,822						175,796						157,682						148,458
Consumer			8						12						20						13						9
Total loans			$	180,162					$	176,834					$	175,816					$	157,695					$	148,467
Total assets			$	200,724					$	198,874					$	202,268					$	181,770					$	170,531
Deposits
Noninterest-bearing			$	86,178					$	88,023					$	85,869					$	75,570					$	66,666
Interest-bearing			68,429						72,397						77,247						69,443						69,668
Total deposits			$	154,607					$	160,420					$	163,116					$	145,013					$	136,334
Performance Ratios
Return on average assets			1.93		%				2.66		%				2.20		%				1.79		%				2.52		%
Noninterest income to total revenue			41		%				46		%				46		%				44		%				45		%
Efficiency			43		%				43		%				42		%				42		%				39		%
Other Information
Consolidated revenue from:
Treasury Management (b)			$	546					$	560					$	592					$	523					$	494
Commercial mortgage banking activities:
Commercial mortgage loans held for sale (c)			$	16					$	42					$	44					$	29					$	30
Commercial mortgage loan servicing income (d)			68						90						88						66						90
Commercial mortgage servicing rights valuation, net of economic hedge			13						16						14						33						17
Total			$	97					$	148					$	146					$	128					$	137
MSR asset value (e)			$	886					$	740					$	703					$	682					$	702
Average loans by C&IB business
Corporate Banking			$	92,503					$	87,284					$	85,208					$	77,645					$	74,459
Real Estate			43,213						44,787						47,335						41,188						38,395
Business Credit			26,535						26,065						25,540						22,965						21,552
Commercial Banking			10,045						10,924						13,458						12,513						10,807
Other			7,866						7,774						4,275						3,384						3,254
Total average loans			$	180,162					$	176,834					$	175,816					$	157,695					$	148,467
Credit-related statistics
Nonperforming assets (e)			$	866					$	1,007					$	1,061					$	1,274					$	658
Net charge-offs - loans and leases			$	(1)					$	(1)					$	13					$	233					$	44

(a)See note (a) on page 13.

(b)Amounts are reported in net interest income and noninterest income.

(c)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.

(d)Represents net interest income and noninterest income from loan servicing, net of reduction in commercial mortgage servicing rights due to ammortization expense and payoffs. Commercial mortgage servicing rights valuation, net of economic hedge is shown separately.

(e)Presented as of period end.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 17

Table 18: Asset Management Group (Unaudited) (a)

			Three months ended
			March 31						December 31						September 30						June 30						March 31
Dollars in millions, except as noted			2022						2021						2021						2021						2021
Income Statement
Net interest income			$	138					$	130					$	141					$	112					$	93
Noninterest income			248						258						256						244						229
Total revenue			386						388						397						356						322
Provision for (recapture of) credit losses			2						(15)						(6)						23						(9)
Noninterest expense			251						265						255						219						202
Pretax earnings			133						138						148						114						129
Income taxes			31						32						34						27						30
Earnings			$	102					$	106					$	114					$	87					$	99
Average Balance Sheet
Loans
Consumer
Residential real estate			$	6,989					$	6,295					$	5,727					$	4,439					$	3,635
Other consumer			4,541						4,535						4,544						4,190						4,008
Total consumer			11,530						10,830						10,271						8,629						7,643
Commercial			1,848						2,093						2,693						1,415						756
Total loans			$	13,378					$	12,923					$	12,964					$	10,044					$	8,399
Total assets			$	13,801					$	13,317					$	13,805					$	10,640					$	8,873
Deposits
Noninterest-bearing			$	3,458					$	3,025					$	4,332					$	2,537					$	1,754
Interest-bearing			29,830						26,318						24,984						20,894						18,825
Total deposits			$	33,288					$	29,343					$	29,316					$	23,431					$	20,579
Performance Ratios
Return on average assets			3.00		%				3.16		%				3.28		%				3.28		%				4.52		%
Noninterest income to total revenue			64		%				66		%				64		%				69		%				71		%
Efficiency			65		%				68		%				64		%				62		%				63		%
Other Information
Nonperforming assets (b)			$	72					$	62					$	80					$	85					$	68
Net charge-offs (recoveries) - loans and leases			$	2					$	1					$	(1)					$	2
Brokerage account client assets (in billions) (b)			$	5					$	5					$	5					$	5
Client Assets Under Administration (in billions) (b) (c)
Discretionary client assets under management			$	182					$	192					$	183					$	183					$	173
Nondiscretionary client assets under administration			165						175						170						172						161
Total			$	347					$	367					$	353					$	355					$	334
Discretionary client assets under management
PNC Private Bank			$	115					$	123					$	117					$	119					$	110
Institutional Asset Management			67						69						66						64						63
Total			$	182					$	192					$	183					$	183					$	173

(a)See note (a) on page 13.

(b)As of period end.

(c)Excludes brokerage account client assets.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 18

Glossary of Terms

2019 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).

Adjusted average total assets - Primarily consisted of total average quarterly (or annual) assets plus/less unrealized losses (gains) on investment securities, less goodwill and certain other intangible assets (net of eligible deferred taxes).

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).

BBVA – BBVA USA Bancshares, Inc.

BBVA, S.A. – Banco Bilbao Vizcaya Argentaria, S.A.

BBVA USA – BBVA USA, the Alabama-chartered bank subsidiary of BBVA USA Bancshares, Inc.

BlackRock – BlackRock, Inc.

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.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 19

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.

Effective duration - A measurement, expressed in years, that, when multiplied by a change in interest rates, would approximate the percentage change in value of on- and off- balance sheet positions.

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; Consumer services; Corporate services; Residential mortgage; and Service charges on deposits.

FICO score - A credit bureau-based industry standard score created by Fair Isaac Co. which predicts the likelihood of borrower default. We use FICO scores both in underwriting and assessing credit risk in our consumer lending portfolio. Lower FICO scores indicate likely higher risk of default, while higher FICO scores indicate likely lower risk of default. FICO scores are updated on a periodic basis.

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.

Nonperforming assets - Nonperforming assets include nonperforming loans, OREO and foreclosed 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, including TDRs which have not returned to performing status. 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.

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.

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. To provide more meaningful comparisons of yields and margins for all interest-earning assets, we use interest income on a taxable-equivalent basis in calculating average yields and net interest margins by increasing the interest income earned on tax-exempt assets to make it fully equivalent to

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 20

interest income earned on other taxable investments. This adjustment is not permitted under GAAP on the Consolidated Income Statement.

Troubled debt restructuring (TDR) - A loan whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulties.

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.

Yield curve - A graph showing the relationship between the yields on financial instruments or market indices of the same credit quality with different maturities. For example, a “normal” or “positive” yield curve exists when long-term bonds have higher yields than short-term bonds. A “flat” yield curve exists when yields are the same for short-term and long-term bonds. A “steep” yield curve exists when yields on long-term bonds are significantly higher than on short-term bonds. An “inverted” or “negative” yield curve exists when short-term bonds have higher yields than long-term bonds.