Exhibit 99.2 BUSINESS INFORMATION
Return on Earnings Revenue Assigned Capital Average Assets Three months ended March 31 - -------------------------------------------------------------------------------- Dollars in millions 1999 1998 1999 1998 1999 1998 1999 1998 - ------------------------------------------------------------------------------------------------------------------------ PNC Regional Bank $150 $135 $558 $543 21% 19% $39,383 $38,800 Asset Management PNC Advisors 36 25 182 109 26 27 3,249 2,655 BlackRock 12 8 88 70 41 46 400 293 PFPC Worldwide 11 9 54 43 44 43 268 218 - ------------------------------------------------------------------------------ --------------------- Total asset management 59 42 324 222 31 33 3,917 3,166 Wholesale PNC Institutional Bank 28 23 101 87 17 16 9,638 8,334 PNC Secured Finance 27 25 71 50 19 27 8,202 5,294 PNC Mortgage 11 6 101 74 10 10 7,084 3,826 - ------------------------------------------------------------------------------ --------------------- Total wholesale 66 54 273 211 16 18 24,924 17,454 - ------------------------------------------------------------------------------ --------------------- Total businesses 275 231 1,155 976 21 20 68,224 59,420 Other 18 38 92 174 8,734 12,721 - ------------------------------------------------------------------------------ --------------------- 293 269 1,247 1,150 21 21 76,958 72,141 Gain on sale of credit card business 125 193 Gain on sale of equity interest in Electronic Payment Services 63 97 Valuation adjustments (92) (142) Costs related to efficiency (64) initiatives - ------------------------------------------------------------------------------ --------------------- Total consolidated $325 $269 $1,395 $1,150 23 21 $76,958 $72,141 - ------------------------------------------------------------------------------------------------------------------------
PNC REGIONAL BANK - PNC Regional Bank provides credit, leasing, treasury management and capital markets products and services to mid-sized and small businesses as well as credit, deposit, branch-based brokerage and electronic banking products and services to retail customers primarily within PNC Bank's geographic footprint. PNC ADVISORS - PNC Advisors offers personalized investment management, high-end brokerage, personal trust, estate planning and traditional banking services to affluent and wealthy individuals; and investment management, trust and administrative services to pensions, 401(k) plans and charitable organizations. BLACKROCK - BlackRock offers fixed income, domestic and international equity, and liquidity investment products, and utilizes technology-based risk management capabilities to provide investment advisory and asset management capabilities for a wide range of institutional and retail customers. PFPC WORLDWIDE - PFPC Worldwide provides a wide range of accounting, administration, transfer agency, custody, securities lending and integrated banking services to mutual funds, pension and money fund managers, partnerships, brokerage firms, insurance companies and banks, both domestically and globally. PNC INSTITUTIONAL BANK - PNC Institutional Bank provides credit, treasury management and capital markets products and services to corporations, institutions and government entities. PNC SECURED FINANCE - PNC Secured Finance is engaged in commercial real estate finance, including loan origination, securitization and servicing; asset-based financing, including lending, syndication and treasury management services; and equipment lease financing to a wide range of customers nationally. PNC MORTGAGE - PNC Mortgage originates, purchases and services residential mortgages and related products, and securitizes and sells residential mortgages as private-label mortgage-backed securities and performs master servicing of those securities for investors. OTHER - Other reflects differences between total business results and consolidated financial results primarily due to differences between management accounting practices and generally accepted accounting principles; divested businesses, including credit card and corporate trust and escrow that were sold, and certain institutional lending businesses that have been exited; venture capital activities; the benefit of gains associated with sales of equity interests to management of BlackRock and PFPC Worldwide; eliminations and unassigned items.