Exhibit 99.2

THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2026

(Unaudited)

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THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2026

(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			9-10
Business Segment Results:
Descriptions			11
Period End Employees			11
Net Income and Revenue			12
Retail Banking			13-14
Corporate & Institutional Banking			15-16
Asset Management Group			17
Glossary of Terms			18-19

The information contained in this Financial Supplement is preliminary, unaudited and based on data available on April 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. PNC's previously disclosed amounts do not include FirstBank amounts. PNC's first quarter 2026 Form 10-Q will include additional information on this acquisition.

PRESENTATION OF LOAN CLASSES

Effective January 1, 2026, PNC updated its defined loan classes (classes of financing receivables) as follows: (i) equipment lease financing loans were reclassified to the Commercial and industrial loan class based on similarities in the manner in which credit risk is monitored and assessed within these portfolios, as well as materiality considerations, and (ii) education loans were reclassified to the Other consumer loan class based on materiality considerations. All impacted tables have been updated accordingly, and prior periods have been adjusted to conform with the current presentation.

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THE PNC FINANCIAL SERVICES GROUP, INC.
Cross Reference Index to First Quarter 2026 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 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			9
13			Accruing Loans Past Due 90 Days or More			10
14			Period End Employees			11
15			Summary of Business Segment Net Income and Revenue			12
16			Retail Banking			13-14
17			Corporate & Institutional Banking			15-16
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			2026						2025						2025						2025						2025
Interest Income
Loans			$	4,792					$	4,640					$	4,751					$	4,609					$	4,472
Investment securities			1,202						1,188						1,211						1,151						1,124
Other			450						552						565						510						534
Total interest income			6,444						6,380						6,527						6,270						6,130
Interest Expense
Deposits			1,735						1,864						1,980						1,845						1,808
Borrowed funds			748						785						899						870						846
Total interest expense			2,483						2,649						2,879						2,715						2,654
Net interest income			3,961						3,731						3,648						3,555						3,476
Noninterest Income
Asset management and brokerage			420						411						404						391						391
Capital markets and advisory			463						489						432						321						306
Card and cash management			738						733						737						737						692
Lending and deposit services			340						342						335						317						316
Residential and commercial mortgage			118						148						161						128						134
Other (a) (b)			125						217						198						212						137
Total noninterest income			2,204						2,340						2,267						2,106						1,976
Total revenue			6,165						6,071						5,915						5,661						5,452
Provision For Credit Losses			210						139						167						254						219
Noninterest Expense
Personnel			2,106						2,033						1,970						1,889						1,890
Occupancy			262						247						235						235						245
Equipment			415						412						416						394						384
Marketing			87						101						93						99						85
Other			898						810						747						766						783
Total noninterest expense			3,768						3,603						3,461						3,383						3,387
Income before income taxes and noncontrolling interests			2,187						2,329						2,287						2,024						1,846
Income taxes			415						296						465						381						347
Net income			1,772						2,033						1,822						1,643						1,499
Less: Net income attributable to noncontrolling interests			12						13						14						16						18
Preferred stock dividends (c)			73						83						71						83						71
Preferred stock discount accretion and redemptions			1						3						2						2						2
Net income attributable to common shareholders			$	1,686					$	1,934					$	1,735					$	1,542					$	1,408
Earnings Per Common Share
Basic			$	4.13					$	4.88					$	4.36					$	3.86					$	3.52
Diluted			$	4.13					$	4.88					$	4.35					$	3.85					$	3.51
Average Common Shares Outstanding
Basic			405						394						396						397						398
Diluted			405						394						396						397						398
Efficiency			61		%				59		%				59		%				60		%				62		%
Noninterest income to total revenue			36		%				39		%				38		%				37		%				36		%
Effective tax rate (d)			19.0		%				12.7		%				20.3		%				18.8		%				18.8		%

(a)Includes net gains (losses) on sale of securities of $28 million, $(7) million, less than $1 million, less than $1 million and $(2) million for the quarters ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025.

(b)Includes Visa derivative fair value adjustments of $(32) million, $(41) million, $(35) million, $2 million and $(40) million for the quarters ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025. These adjustments are primarily related to escrow funding and the extension of anticipated litigation resolution timing.

(c)Dividends are payable quarterly, other than Series S preferred stock, which is payable semiannually.

(d)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			2026						2025						2025						2025						2025
Assets
Cash and due from banks			$	5,646					$	6,777					$	5,553					$	5,939					$	6,102
Interest-earning deposits with banks (a)			26,053						32,936						33,318						24,455						32,298
Loans held for sale (b)			1,332						1,939						1,104						1,837						1,236
Investment securities – available-for-sale			71,072						68,135						68,297						67,136						63,318
Investment securities – held-to-maturity			72,040						70,105						73,226						75,212						74,457
Loans (b)			360,923						331,481						326,616						326,340						318,850
Allowance for loan and lease losses			(4,663)						(4,410)						(4,478)						(4,523)						(4,544)
Net loans			356,260						327,071						322,138						321,817						314,306
Equity investments			10,512						10,790						9,972						9,755						9,448
Mortgage servicing rights			3,816						3,659						3,627						3,467						3,564
Goodwill			13,282						10,959						10,962						10,932						10,932
Other (b)			43,015						41,201						40,570						38,557						39,061
Total assets			$	603,028					$	573,572					$	568,767					$	559,107					$	554,722
Liabilities
Deposits
Noninterest-bearing			$	99,297					$	91,748					$	91,207					$	93,253					$	92,369
Interest-bearing (b)			358,351						349,118						341,542						333,443						330,546
Total deposits			457,648						440,866						432,749						426,696						422,915
Borrowed funds
Federal Home Loan Bank advances			21,417						13,000						16,100						18,000						18,000
Senior debt			38,021						38,642						38,695						35,750						34,987
Subordinated debt			4,502						3,016						3,512						3,490						4,163
Other (b)			2,726						2,443						4,037						3,184						3,572
Total borrowed funds			66,666						57,101						62,344						60,424						60,722
Allowance for unfunded lending related commitments			832						818						775						759						674
Accrued expenses and other liabilities (b)			14,206						14,151						13,861						13,573						13,960
Total liabilities			539,352						512,936						509,729						501,452						498,271
Equity
Preferred stock (c)			—						—						—						—						—
Common stock - $5 par value
Authorized 800,000,000 shares, issued 557,213,012; 543,497,966; 543,412,079; 543,412,101 and 543,310,646 shares			2,786						2,717						2,717						2,717						2,717
Capital surplus			21,926						18,922						18,859						18,809						18,731
Retained earnings			64,256						63,266						62,008						60,951						60,051
Accumulated other comprehensive income (loss)			(3,773)						(3,408)						(4,077)						(4,682)						(5,237)
Common stock held in treasury at cost: 155,167,491; 153,084,091; 151,030,533; 149,426,326 and 147,519,772 shares			(21,568)						(20,912)						(20,517)						(20,188)						(19,857)
Total shareholders’ equity			63,627						60,585						58,990						57,607						56,405
Noncontrolling interests			49						51						48						48						46
Total equity			63,676						60,636						59,038						57,655						56,451
Total liabilities and equity			$	603,028					$	573,572					$	568,767					$	559,107					$	554,722

(a)Amounts include balances held with the Federal Reserve Bank of $25.3 billion, $32.0 billion, $32.7 billion, $23.9 billion and $31.9 billion as of March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively.

(b)Amounts include assets and liabilities for which PNC has elected the fair value option. Our 2025 Form 10-K included, and our first quarter 2026 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			2026						2025						2025						2025						2025
Assets
Interest-earning assets:
Investment securities
Securities available-for-sale
Residential mortgage-backed			$	34,652					$	33,564					$	34,752					$	34,567					$	33,793
U.S. Treasury and government agencies			28,491						28,119						26,799						25,372						24,382
Other			8,505						8,202						8,293						7,818						7,505
Total securities available-for-sale			71,648						69,885						69,844						67,757						65,680
Securities held-to-maturity
Residential mortgage-backed			45,078						42,925						42,667						40,440						40,045
U.S. Treasury and government agencies			20,683						23,426						25,540						26,900						28,931
Other			7,117						5,983						6,384						6,838						7,525
Total securities held-to-maturity			72,878						72,334						74,591						74,178						76,501
Total investment securities			144,526						142,219						144,435						141,935						142,181
Loans
Commercial and industrial			211,358						198,726						195,903						191,526						184,025
Commercial real estate			34,367						30,173						30,850						31,838						33,067
Consumer			55,483						54,884						54,238						53,851						53,421
Residential real estate			49,675						44,146						44,941						45,539						46,111
Total loans			350,883						327,929						325,932						322,754						316,624
Interest-earning deposits with banks (c)			32,612						32,009						35,003						31,570						34,614
Other interest-earning assets			12,457						18,618						12,759						11,348						10,147
Total interest-earning assets			540,478						520,775						518,129						507,607						503,566
Noninterest-earning assets			60,984						55,071						53,404						54,079						52,811
Total assets			$	601,462					$	575,846					$	571,533					$	561,686					$	556,377
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing deposits
Money market			$	85,196					$	78,742					$	75,890					$	70,909					$	73,063
Demand			137,558						132,591						128,962						126,222						125,046
Savings			100,940						97,188						96,627						97,028						97,409
Time deposits			35,579						36,180						37,593						35,674						32,763
Total interest-bearing deposits			359,273						344,701						339,072						329,833						328,281
Borrowed funds
Federal Home Loan Bank advances			16,616						14,671						17,615						18,319						19,703
Senior debt			37,383						38,623						38,012						36,142						34,933
Subordinated debt			4,200						3,299						3,616						3,686						4,320
Other			4,675						3,722						7,070						7,146						5,549
Total borrowed funds			62,874						60,315						66,313						65,293						64,505
Total interest-bearing liabilities			422,147						405,016						405,385						395,126						392,786
Noninterest-bearing liabilities and equity:
Noninterest-bearing deposits			99,081						94,834						92,756						93,142						92,367
Accrued expenses and other liabilities			16,944						16,646						15,624						16,942						16,214
Equity			63,290						59,350						57,768						56,476						55,010
Total liabilities and equity			$	601,462					$	575,846					$	571,533					$	561,686					$	556,377

(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 $31.8 billion, $31.3 billion, $34.2 billion, $30.8 billion and $34.2 billion for the three months ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, 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
			2026						2025						2025						2025						2025
Average yields/rates (a)
Yield on interest-earning assets
Investment securities
Securities available-for-sale
Residential mortgage-backed			3.72		%				3.80		%				3.82		%				3.76		%				3.68		%
U.S. Treasury and government agencies			4.04		%				4.29		%				4.58		%				4.55		%				4.50		%
Other			4.00		%				3.97		%				3.91		%				3.69		%				3.65		%
Total securities available-for-sale			3.88		%				4.02		%				4.12		%				4.05		%				3.98		%
Securities held-to-maturity
Residential mortgage-backed			3.20		%				3.13		%				3.07		%				2.90		%				2.84		%
U.S. Treasury and government agencies			1.59		%				1.50		%				1.51		%				1.53		%				1.49		%
Other			4.23		%				4.28		%				4.35		%				4.34		%				4.39		%
Total securities held-to-maturity			2.84		%				2.70		%				2.65		%				2.54		%				2.48		%
Total investment securities			3.36		%				3.35		%				3.36		%				3.26		%				3.17		%
Loans
Commercial and industrial			5.43		%				5.55		%				5.78		%				5.72		%				5.71		%
Commercial real estate			5.79		%				5.92		%				6.06		%				6.01		%				5.94		%
Consumer			6.99		%				7.09		%				7.18		%				7.11		%				7.14		%
Residential real estate			3.97		%				3.74		%				3.75		%				3.76		%				3.78		%
Total loans			5.50		%				5.60		%				5.76		%				5.70		%				5.70		%
Interest-earning deposits with banks			3.64		%				3.92		%				4.34		%				4.38		%				4.42		%
Other interest-earning assets			4.95		%				4.95		%				5.51		%				5.66		%				6.02		%
Total yield on interest-earning assets			4.80		%				4.86		%				4.99		%				4.93		%				4.90		%
Rate on interest-bearing liabilities
Interest-bearing deposits
Money market			2.53		%				2.77		%				3.07		%				3.01		%				2.99		%
Demand			1.61		%				1.78		%				1.96		%				1.89		%				1.87		%
Savings			1.49		%				1.62		%				1.68		%				1.63		%				1.64		%
Time deposits			3.26		%				3.53		%				3.67		%				3.64		%				3.69		%
Total interest-bearing deposits			1.96		%				2.14		%				2.32		%				2.24		%				2.23		%
Borrowed funds
Federal Home Loan Bank advances			3.98		%				4.41		%				4.73		%				4.74		%				4.73		%
Senior debt			5.14		%				5.55		%				5.85		%				5.77		%				5.64		%
Subordinated debt			5.12		%				5.52		%				5.81		%				5.69		%				5.54		%
Other			4.14		%				4.02		%				4.19		%				4.24		%				4.38		%
Total borrowed funds			4.76		%				5.18		%				5.38		%				5.31		%				5.25		%
Total rate on interest-bearing liabilities			2.37		%				2.59		%				2.81		%				2.74		%				2.72		%
Interest rate spread			2.43		%				2.27		%				2.18		%				2.19		%				2.18		%
Benefit from use of noninterest-bearing sources (b)			0.52		%				0.57		%				0.61		%				0.61		%				0.60		%
Net interest margin			2.95		%				2.84		%				2.79		%				2.80		%				2.78		%

(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, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025 were $29 million, $31 million, $30 million, $28 million and $28 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						2026						2025						2025						2025						2025
Commercial
Commercial and industrial
Financial services						$	42,224					$	37,592					$	33,939					$	32,378					$	29,815
Manufacturing						34,977						30,623						31,044						31,958						29,742
Service providers						27,303						25,552						25,159						24,373						24,206
Wholesale trade						21,146						19,843						19,917						20,045						19,758
Real estate related (a)						17,138						15,275						15,405						15,214						15,370
Technology, media and telecommunications						13,613						12,324						11,594						11,263						10,199
Retail trade						12,973						12,073						12,408						12,970						11,986
Transportation and warehousing						9,872						9,258						8,156						7,865						7,816
Health care						9,526						9,135						9,851						9,873						10,195
Rental and leasing						9,281						9,074						8,940						8,919						8,302
Other industries						23,137						22,149						20,681						20,900						19,880
Total commercial and industrial						221,190						202,898						197,094						195,758						187,269
Commercial real estate						34,770						29,565						30,281						31,250						32,307
Total commercial						255,960						232,463						227,375						227,008						219,576
Consumer
Residential real estate						49,567						43,760						44,637						45,257						45,890
Home equity						26,223						25,941						25,942						25,928						25,846
Automobile						16,325						16,591						16,272						15,892						15,324
Credit card						7,069						7,014						6,636						6,570						6,550
Other consumer						5,779						5,712						5,754						5,685						5,664
Total consumer						104,963						99,018						99,241						99,332						99,274
Total loans						$	360,923					$	331,481					$	326,616					$	326,340					$	318,850

(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						2026						2025						2025						2025						2025
Allowance for loan and lease losses
Beginning balance						$	4,410					$	4,478					$	4,523					$	4,544					$	4,486
Acquisition PCD reserves						93						—						—						—						—
Acquisition PSL reserves (a)						229						—						—						—						—
Adjusted beginning balance						4,732						4,478						4,523						4,544						4,486
Gross charge-offs:
Commercial and industrial						(129)						(85)						(97)						(99)						(113)
Commercial real estate						(19)						(15)						(19)						(64)						(18)
Residential real estate						(1)						—						(6)						—						(2)
Home equity						(10)						(7)						(10)						(9)						(9)
Automobile						(31)						(33)						(32)						(30)						(35)
Credit card						(74)						(73)						(76)						(81)						(90)
Other consumer						(45)						(43)						(44)						(41)						(45)
Acquired loans (b)						(45)						—						—						—						—
Total gross charge-offs						(354)						(256)						(284)						(324)						(312)
Recoveries:
Commercial and industrial						33						33						38						53						42
Commercial real estate						5						3						6						8						5
Residential real estate						2						3						3						3						2
Home equity						8						8						7						12						8
Automobile						20						22						25						24						23
Credit card						20						15						17						15						15
Other consumer						13						10						9						11						12
Total recoveries						101						94						105						126						107
Net (charge-offs) / recoveries:
Commercial and industrial						(96)						(52)						(59)						(46)						(71)
Commercial real estate						(14)						(12)						(13)						(56)						(13)
Residential real estate						1						3						(3)						3						—
Home equity						(2)						1						(3)						3						(1)
Automobile						(11)						(11)						(7)						(6)						(12)
Credit card						(54)						(58)						(59)						(66)						(75)
Other consumer						(32)						(33)						(35)						(30)						(33)
Acquired loans						(45)						—						—						—						—
Total net (charge-offs)						(253)						(162)						(179)						(198)						(205)
Provision for credit losses (c)						188						93						136						171						260
Other						(4)						1						(2)						6						3
Ending balance						$	4,663					$	4,410					$	4,478					$	4,523					$	4,544
Supplemental Information
Net charge-offs
Commercial net charge-offs						$	(120)					$	(64)					$	(72)					$	(102)					$	(84)
Consumer net charge-offs						(133)						(98)						(107)						(96)						(121)
Total net charge-offs						(253)						(162)						(179)						(198)						(205)
Net charge-offs to average loans (annualized)						0.29		%				0.20		%				0.22		%				0.25		%				0.26		%
Commercial						0.18		%				0.11		%				0.13		%				0.18		%				0.16		%
Consumer						0.38		%				0.39		%				0.43		%				0.39		%				0.49		%

(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 first 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.

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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 Credit Losses

						Three months ended
						March 31						December 31						September 30						June 30						March 31
In millions						2026						2025						2025						2025						2025
Provision for credit losses
Loans and leases						$	188					$	93					$	136					$	171					$	260
Unfunded lending related commitments						14						43						16						84						(46)
Investment securities						—						—						(1)						(1)						3
Other financial assets						8						3						16						—						2
Total provision for credit losses						$	210					$	139					$	167					$	254					$	219

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

			March 31, 2026															December 31, 2025															March 31, 2025
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			$	2,149					$	221,190		0.97		%				$	2,032					$	202,898		1.00		%				$	1,772					$	187,269		0.95		%
Commercial real estate			1,120						34,770			3.22		%				1,057						29,565			3.58		%				1,433						32,307			4.44		%
Total commercial			3,269						255,960			1.28		%				3,089						232,463			1.33		%				3,205						219,576			1.46		%
Consumer
Residential real estate			92						49,567			0.19		%				44						43,760			0.10		%				43						45,890			0.09		%
Home equity			275						26,223			1.05		%				271						25,941			1.04		%				286						25,846			1.11		%
Automobile			163						16,325			1.00		%				158						16,591			0.95		%				167						15,324			1.09		%
Credit card			647						7,069			9.15		%				632						7,014			9.01		%				621						6,550			9.48		%
Other consumer			217						5,779			3.75		%				216						5,712			3.78		%				222						5,664			3.92		%
Total consumer			1,394						104,963			1.33		%				1,321						99,018			1.33		%				1,339						99,274			1.35		%
Total			4,663						$	360,923		1.29		%				4,410						$	331,481		1.33		%				4,544						$	318,850		1.43		%
Allowance for unfunded lending related commitments			832															818															674
Allowance for credit losses			$	5,495														$	5,228														$	5,218
Supplemental Information
Allowance for credit losses to total loans												1.52		%													1.58		%													1.64		%
Commercial												1.55		%													1.62		%													1.70		%
Consumer												1.46		%													1.47		%													1.50		%

(a)    Excludes allowances for investment securities and other financial assets, which together totaled $103 million, $99 million and $91 million at March 31, 2026, December 31, 2025 and March 31, 2025, 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						2026						2025						2025						2025						2025
Nonperforming loans
Commercial
Commercial and industrial
Manufacturing						$	224					$	98					$	75					$	73					$	98
Service providers						136						116						119						126						143
Wholesale trade						97						161						96						19						16
Retail trade						79						194						36						64						121
Transportation and warehousing						71						62						68						68						48
Health care						42						47						45						54						77
Technology, media and telecommunications						25						27						83						31						52
Real estate related (a)						25						27						20						24						25
Rental and leasing						5						6						13						16						17
Other industries						46						46						64						23						19
Total commercial and industrial						750						784						619						498						616
Commercial real estate						630						574						663						753						851
Total commercial						1,380						1,358						1,282						1,251						1,467
Consumer (b)
Residential real estate						316						320						326						325						287
Home equity						447						439						431						436						437
Automobile						85						83						82						80						83
Credit card						12						13						13						13						15
Other consumer						3						5						3						3						3
Total consumer						863						860						855						857						825
Total nonperforming loans (c)						2,243						2,218						2,137						2,108						2,292
OREO, foreclosed and other assets (d)						139						143						162						33						32
Total nonperforming assets						2,382						2,361						2,299						2,141						2,324
Nonperforming loans to total loans						0.62		%				0.67		%				0.65		%				0.65		%				0.72		%
Nonperforming assets to total loans, OREO, foreclosed and other assets (d)						0.66		%				0.71		%				0.70		%				0.66		%				0.73		%
Nonperforming assets to total assets						0.40		%				0.41		%				0.40		%				0.38		%				0.42		%
Allowance for loan and lease losses to nonperforming loans						208		%				199		%				210		%				215		%				198		%

(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 $103 million, $105 million and $127 million at March 31, 2026, December 31, 2025 and September 30, 2025, respectively.

Table 10: Change in Nonperforming Assets

						Three months ended
						March 31						December 31						September 30						June 30						March 31
Dollars in millions						2026						2025						2025						2025						2025
Beginning balance						$	2,361					$	2,299					$	2,141					$	2,324					$	2,357
New nonperforming assets						539						569						653						367						477
Charge-offs and valuation adjustments						(152)						(91)						(103)						(149)						(135)
Principal activity, including paydowns and payoffs						(343)						(248)						(299)						(312)						(156)
Asset sales and transfers to loans held for sale						(9)						(33)						(13)						(5)						(77)
Returned to performing status						(95)						(135)						(80)						(84)						(142)
Acquired nonperforming assets						81						—						—						—						—
Ending balance						$	2,382					$	2,361					$	2,299					$	2,141					$	2,324

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 9

Accruing Loans Past Due (Unaudited)              

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

						March 31						December 31						September 30						June 30						March 31
Dollars in millions						2026						2025						2025						2025						2025
Commercial
Commercial and industrial						$	283					$	182					$	161					$	133					$	257
Commercial real estate						90						14						9						43						6
Total commercial						373						196						170						176						263
Consumer
Residential real estate
Non government insured						221						170						166						169						208
Government insured						63						73						79						78						79
Home equity						73						70						73						62						71
Automobile						59						74						70						74						73
Credit card						41						45						45						42						45
Other consumer						33						32						32						34						35
Total consumer						490						464						465						459						511
Total						$	863					$	660					$	635					$	635					$	774
Supplemental Information
Total accruing loans past due 30-59 days to total loans						0.24		%				0.20		%				0.19		%				0.19		%				0.24		%
Commercial						0.15		%				0.08		%				0.07		%				0.08		%				0.12		%
Consumer						0.47		%				0.47		%				0.47		%				0.46		%				0.51		%

(a)Excludes loans held for sale.

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

						March 31						December 31						September 30						June 30						March 31
Dollars in millions						2026						2025						2025						2025						2025
Commercial
Commercial and industrial						$	50					$	103					$	67					$	101					$	45
Commercial real estate						17						98						—						6						—
Total commercial						67						201						67						107						45
Consumer
Residential real estate
Non government insured						69						57						48						52						93
Government insured						41						44						39						39						39
Home equity						32						30						27						28						28
Automobile						15						18						17						19						19
Credit card						31						32						31						32						33
Other consumer						18						21						22						20						21
Total consumer						206						202						184						190						233
Total						$	273					$	403					$	251					$	297					$	278
Supplemental Information
Total accruing loans past due 60-89 days to total loans						0.08		%				0.12		%				0.08		%				0.09		%				0.09		%
Commercial						0.03		%				0.09		%				0.03		%				0.05		%				0.02		%
Consumer						0.20		%				0.20		%				0.19		%				0.19		%				0.23		%

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

						March 31						December 31						September 30						June 30						March 31
Dollars in millions						2026						2025						2025						2025						2025
Commercial
Commercial and industrial						68						57						71						79						75
Commercial real estate						1						—						1						—						—
Total commercial						69						57						72						79						75
Consumer
Residential real estate
Non government insured						50						46						38						53						53
Government insured						195						163						126						129						130
Automobile						5						5						4						5						7
Credit card						64						65						63						64						71
Other consumer						39						44						44						41						43
Total consumer						353						323						275						292						304
Total						$	422					$	380					$	347					$	371					$	379
Supplemental Information
Total accruing loans past due 90 days or more to total loans						0.12		%				0.11		%				0.11		%				0.11		%				0.12		%
Commercial						0.03		%				0.02		%				0.03		%				0.03		%				0.03		%
Consumer						0.34		%				0.33		%				0.28		%				0.29		%				0.31		%
Total accruing loans past due						$	1,558					$	1,443					$	1,233					$	1,303					$	1,431
Commercial						$	509					$	454					$	309					$	362					$	383
Consumer						$	1,049					$	989					$	924					$	941					$	1,048
Total accruing loans past due to total loans						0.43		%				0.44		%				0.38		%				0.40		%				0.45		%
Commercial						0.20		%				0.20		%				0.14		%				0.16		%				0.17		%
Consumer						1.00		%				1.00		%				0.93		%				0.95		%				1.06		%

(a)Excludes loans held for sale.

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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, 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. 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, unions, municipalities and non-profits.

Table 14: Period End Employees

			March 31						December 31						September 30						June 30						March 31
			2026						2025						2025						2025						2025
Full-time employees
Retail Banking			28,046						26,168						26,126						26,291						27,108
Other full-time employees			28,320						27,691						27,397						26,884						26,360
Total full-time employees			56,366						53,859						53,523						53,175						53,468
Part-time employees
Retail Banking			1,389						1,427						1,367						1,465						1,460
Other part-time employees			46						47						48						407						48
Total part-time employees			1,435						1,474						1,415						1,872						1,508
Total			57,801						55,333						54,938						55,047						54,976

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 12

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			2026						2025						2025						2025						2025
Net Income
Retail Banking			$	1,320					$	1,241					$	1,324					$	1,359					$	1,121
Corporate & Institutional Banking			1,400						1,514						1,459						1,229						1,244
Asset Management Group			118						121						117						129						105
Other			(1,078)						(856)						(1,092)						(1,090)						(989)
Net income excluding noncontrolling interests			$	1,760					$	2,020					$	1,808					$	1,627					$	1,481
Revenue
Retail Banking			$	3,968					$	3,759					$	3,806					$	3,756					$	3,542
Corporate & Institutional Banking			2,982						3,066						2,909						2,720						2,630
Asset Management Group			451						440						430						423						417
Other			(1,236)						(1,194)						(1,230)						(1,238)						(1,137)
Total revenue			$	6,165					$	6,071					$	5,915					$	5,661					$	5,452

(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 13

Table 16: Retail Banking (Unaudited) (a)

			Three months ended
			March 31						December 31						September 30						June 30						March 31
Dollars in millions			2026						2025						2025						2025						2025
Income Statement
Net interest income			$	3,198					$	2,989					$	3,016					$	2,974					$	2,836
Noninterest income			770						770						790						782						706
Total revenue			3,968						3,759						3,806						3,756						3,542
Provision for credit losses			124						155						126						83						168
Noninterest expense
Personnel			571						535						529						539						538
Segment allocations (b)			1,088						1,020						979						978						967
Depreciation and amortization			132						95						97						87						86
Other (c)			324						327						336						286						311
Total noninterest expense			2,115						1,977						1,941						1,890						1,902
Pre-tax earnings			1,729						1,627						1,739						1,783						1,472
Income taxes			402						379						406						414						342
Noncontrolling interests			7						7						9						10						9
Earnings			$	1,320					$	1,241		752			$	1,324					$	1,359					$	1,121
Average Balance Sheet
Loans held for sale			$	562					$	699					$	785					$	874					$	860
Loans
Consumer
Residential real estate			$	38,939					$	33,336					$	34,043					$	34,647					$	35,197
Home equity			24,913						24,559						24,551						24,551						24,549
Automobile			16,499						16,403						16,035						15,738						15,240
Credit card			6,912						6,754						6,561						6,483						6,568
Other consumer			3,257						3,320						3,334						3,342						3,391
Total consumer			90,520						84,372						84,524						84,761						84,945
Commercial			20,423						12,603						12,353						12,725						12,841
Total loans			$	110,943					$	96,975					$	96,877					$	97,486					$	97,786
Total assets			$	130,616					$	113,714					$	114,146					$	114,061					$	115,176
Deposits
Noninterest-bearing			$	58,714					$	52,125					$	52,604					$	52,353					$	51,307
Interest-bearing			209,519						191,941						190,652						191,190						189,563
Total deposits			$	268,233					$	244,066					$	243,256					$	243,543					$	240,870
Performance Ratios
Return on average assets			4.10		%				4.33		%				4.60		%				4.78		%				3.95		%
Noninterest income to total revenue			19		%				20		%				21		%				21		%				20		%
Efficiency			53		%				53		%				51		%				50		%				54		%

(continued on following page)

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 14

Retail Banking (Unaudited) (Continued)

			Three months ended
			March 31						December 31						September 30						June 30						March 31
Dollars in millions, except as noted			2026						2025						2025						2025						2025
Supplemental Noninterest Income Information
Asset management and brokerage			$	161					$	155					$	154					$	150					$	152
Card and cash management			$	322					$	328					$	334					$	328					$	296
Lending and deposit services			$	200					$	199					$	199					$	190					$	184
Residential and commercial mortgage			$	63					$	78					$	89					$	61					$	65
Residential Mortgage Information
Residential mortgage servicing statistics (d)
Serviced portfolio balance (in billions) (e)			$	212					$	198					$	199					$	189					$	193
MSR asset value (e)			$	2,786					$	2,638					$	2,622					$	2,457					$	2,523
Servicing income:
Servicing fees, net (f)			$	68					$	63					$	60					$	60					$	71
Mortgage servicing rights valuation, net of economic hedge			$	(27)					$	(5)					$	18					$	2					$	(4)
Residential mortgage loan statistics
Loan origination volume (in billions)			$	1.5					$	1.6					$	1.5					$	1.7					$	1.0
Loan sale margin percentage			2.25		%				1.88		%				1.67		%				0.91		%				0.58		%
Other Information
Credit-related statistics
Nonperforming assets (e)			$	932					$	840					$	827					$	812					$	804
Net charge-offs - loans and leases			$	118					$	116					$	126					$	120					$	144
Other statistics
Branches (e)(g)			2,315						2,224						2,219						2,218						2,217
Brokerage account client assets (in billions) (e)(h)			$	91					$	91					$	89					$	87					$	84

(a)See note (a) on page 12.

(b)Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations.

(c)Other is primarily comprised of other direct expenses including outside services and equipment expense.

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

(e)Presented as of period end.

(f)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.

(g)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.

(h)Includes cash and money market balances.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 15

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

			Three months ended
			March 31						December 31						September 30						June 30						March 31
Dollars in millions			2026						2025						2025						2025						2025
Income Statement
Net interest income			$	1,838					$	1,856					$	1,777					$	1,698					$	1,652
Noninterest income			1,144						1,210						1,132						1,022						978
Total revenue			2,982						3,066						2,909						2,720						2,630
Provision for credit losses			77						14						44						184						49
Noninterest expense
Personnel			460						472						403						370						376
Segment allocations (b)			424						422						387						381						383
Depreciation and amortization			46						55						46						49						51
Other (c)			146						158						140						150						146
Total noninterest expense			1,076						1,107						976						950						956
Pre-tax earnings			1,829						1,945						1,889						1,586						1,625
Income taxes			424						425						425						352						377
Noncontrolling interests			5						6						5						5						4
Earnings			$	1,400					$	1,514					$	1,459					$	1,229					$	1,244
Average Balance Sheet
Loans held for sale			$	665					$	632					$	691					$	775					$	255
Loans
Commercial
Commercial and industrial			$	194,711					$	185,195					$	182,484					$	177,630					$	170,071
Commercial real estate			28,802						29,374						30,032						30,962						32,151
Total commercial			223,513						214,569						212,516						208,592						202,222
Consumer			3						2						2						4						3
Total loans			$	223,516					$	214,571					$	212,518					$	208,596					$	202,225
Total assets			$	249,789					$	241,169					$	238,338					$	234,391					$	227,069
Deposits
Noninterest-bearing			$	38,959					$	41,308					$	38,732					$	39,196					$	39,501
Interest-bearing			122,219						122,457						116,460						107,275						108,503
Total deposits			$	161,178					$	163,765					$	155,192					$	146,471					$	148,004
Performance Ratios
Return on average assets			2.27		%				2.49		%				2.43		%				2.10		%				2.22		%
Noninterest income to total revenue			38		%				39		%				39		%				38		%				37		%
Efficiency			36		%				36		%				34		%				35		%				36		%

(continued on following page)

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 16

Corporate & Institutional Banking (Unaudited) (Continued)

			Three months ended
			March 31						December 31						September 30						June 30						March 31
Dollars in millions			2026						2025						2025						2025						2025
Other Information
Consolidated revenue from:
Treasury Management (d)			$	1,169					$	1,197					$	1,120					$	1,077					$	1,049
Commercial mortgage banking activities:
Commercial mortgage loans held for sale (e)			$	14					$	35					$	22					$	24					$	26
Commercial mortgage loan servicing income (f)			108						115						121						116						94
Commercial mortgage servicing rights valuation, net of economic hedge			28						37						47						36						39
Total			$	150					$	187					$	190					$	176					$	159
Commercial mortgage servicing statistics
Serviced portfolio balance (in billions) (g)(h)			$	296					$	294					$	293					$	295					$	294
MSR asset value (g)			$	1,029					$	1,021					$	1,006					$	1,010					$	1,041
Average loans by C&IB business
Corporate Banking			$	137,550					$	130,050					$	126,994					$	123,069					$	117,659
Real Estate			41,074						40,836						41,863						42,533						43,283
Business Credit			33,944						32,552						32,412						31,544						30,044
Commercial Banking			7,113						7,007						7,158						7,281						7,343
Other			3,835						4,126						4,091						4,169						3,896
Total average loans			$	223,516					$	214,571					$	212,518					$	208,596					$	202,225
Credit-related statistics
Nonperforming assets (g)			$	1,309					$	1,375					$	1,323					$	1,160					$	1,372
Net charge-offs - loans and leases			$	92					$	49					$	53					$	83					$	64

(a)See note (a) on page 12.

(b)Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations.

(c)Other is primarily comprised of other direct expenses including outside services and equipment expense.

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

(e)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.

(f)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.

(g)Presented as of period end.

(h)Represents balances related to capitalized servicing.

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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			2026						2025						2025						2025						2025
Income Statement
Net interest income			$	189					$	180					$	176					$	179					$	174
Noninterest income			262						260						254						244						243
Total revenue			451						440						430						423						417
Provision for (recapture of) credit losses			5						(11)						4						(13)						1
Noninterest expense
Personnel			125						120						115						115						121
Segment allocations (b)			127						133						120						118						117
Depreciation and amortization			10						11						9						10						8
Other (c)			30						29						29						25						33
Total noninterest expense			292						293						273						268						279
Pre-tax earnings			154						158						153						168						137
Income taxes			36						37						36						39						32
Earnings			$	118					$	121					$	117					$	129					$	105
Average Balance Sheet
Loans
Consumer
Residential real estate			$	9,826					$	9,876					$	9,937					$	9,912					$	9,907
Other consumer			3,735						3,673						3,574						3,543						3,472
Total consumer			13,561						13,549						13,511						13,455						13,379
Commercial			835						566						659						731						657
Total loans			$	14,396					$	14,115					$	14,170					$	14,186					$	14,036
Total assets			$	14,804					$	14,505					$	14,575					$	14,629					$	14,482
Deposits
Noninterest-bearing			$	1,411					$	1,387					$	1,426					$	1,585					$	1,540
Interest-bearing			26,310						25,564						25,437						25,327						26,106
Total deposits			$	27,721					$	26,951					$	26,863					$	26,912					$	27,646
Performance Ratios
Return on average assets			3.23		%				3.31		%				3.18		%				3.54		%				2.94		%
Noninterest income to total revenue			58		%				59		%				59		%				58		%				58		%
Efficiency			65		%				67		%				63		%				63		%				67		%
Other Information
Nonperforming assets (d)			$	45					$	52					$	58					$	63					$	36
Net charge-offs (recoveries) - loans and leases			$	—					$	—					$	2					$	(1)					$	—
Client Assets Under Administration (in billions) (d)(e)
Discretionary client assets under management
PNC Private Bank			$	136					$	138					$	137					$	131					$	127
Institutional Asset Management			94						96						91						86						83
Total discretionary clients assets under management			230						234						228						217						210
Nondiscretionary client assets under administration			233						238						212						204						201
Total			$	463					$	472					$	440					$	421					$	411

(a)See note (a) on page 12.

(b)Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations.

(c)Other is primarily comprised of other direct expenses including outside services and equipment expense.

(d)Presented as of period end.

(e)Excludes brokerage account client assets.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 18

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.

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 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.

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THE PNC FINANCIAL SERVICES GROUP, INC.						Page 19

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, 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.