The PNC Financial Services Group, Inc.
Lehman Brothers
2007 Financial Services Conference
New York
September 11, 2007
Exhibit 99.1

This
presentation
contains
forward-looking
statements
regarding
our
outlook
or
expectations
relating
to
PNC’s
future
business,
operations,
financial
condition,
financial
performance
and
asset
quality.
Forward-looking
statements
are
necessarily
subject
to
numerous
assumptions,
risks
and
uncertainties,
which
change
over
time.
The
forward-looking
statements
in
this
presentation
are
qualified
by
the
factors
affecting
forward-looking
statements
identified
in
the
more
detailed
Cautionary
Statement
included
in
the
Appendix,
which
is
included
in
the
presentation
handouts
and
in
the
version
of
the
presentation
materials
posted
on
our
corporate
website
at
www.pnc.com/investorevents.
We
provide
greater
detail
regarding
these
factors
in
our
2006
Form
10-K,
including
in
the
Risk
Factors
and
Risk
Management
sections,
and
in
our
first
and
second
quarter
2007
Form
10-Qs
and
other
SEC
reports
(accessible
on
the
SEC’s
website
at
www.sec.gov
and
on
or
through
our
corporate
website).
Future
events
or
circumstances
may
change
our
outlook
or
expectations
and
may
also
affect
the
nature
of
the
assumptions,
risks
and
uncertainties
to
which
our
forward-looking
statements
are
subject.
The
forward-looking
statements
in
this
presentation
speak
only
as
of
the
date
of
this
presentation. 
We
do
not
assume
any
duty
and
do
not
undertake
to
update
those
statements.
In
this
presentation,
we
will
sometimes
refer
to
adjusted
results
to
help
illustrate
(1)
the
impact
of
BlackRock
deconsolidation
near
the
end
of
third
quarter
2006
and
the
application
of
the
equity
method
of
accounting
for
our
equity
investment
in
BlackRock
and
(2)
the
impact
of
certain
specified
items,
including
2006
BlackRock/MLIM
transaction
gain,
2006
cost
of
securities
and
mortgage
portfolio
repositionings,
2006
and
2007
BlackRock/MLIM
transaction
and
Mercantile
Bankshares
acquisition
integration
costs,
and
2006
and
2007
gains/losses
related
to
our
BlackRock
LTIP
shares
obligation.
We
have
provided
these
adjusted
amounts
and
reconciliations
so
that
investors,
analysts,
regulators
and
others
will
be
better
able
to
evaluate
the
impact
of
these
items
on
our
results
for
the
periods
presented,
in
addition
to
providing
a
basis
of
comparability
for
the
impact
of
the
BlackRock
deconsolidation
given
the
magnitude
of
the
impact
of
deconsolidation
on
various
components
of
our
income
statement.
We
believe
that
information
as
adjusted
for
the
impact
of
the
specified
items
may
be
useful
due
to
the
extent
to
which
these
items
are
not
indicative
of
our
ongoing
operations
as
the
result
of
our
management
activities
on
those
operations.
While
we
have
not
provided
other
adjustments
for
the
periods
discussed,
this
is
not
intended
to
imply
that
there
could
not
have
been
other
similar
types
of
adjustments,
but
any
such
adjustments
would
not
have
been
similar
in
magnitude
to
the
amount
of
the
adjustments
shown.
In
certain
discussions,
we
also
provide
revenue
information
on
a
taxable-
equivalent
basis
by
increasing
the
interest
income
earned
on
tax-exempt
assets
to
make
it
fully
equivalent
to
interest
income
earned
on
taxable
investments.
We
believe
this
adjustment
may
be
useful
when
comparing
yields
and
margins
for
all
earning
assets.
This
presentation
may
also
include
a
discussion
of
other
non-GAAP
financial
measures,
which,
to
the
extent
not
so
qualified
therein
or
in
the
Appendix,
is
qualified
by
GAAP
reconciliation
information
available
on
our
corporate
website
at
www.pnc.com
under
“About
PNC
–
Investor
Relations.”
Cautionary Statement Regarding Forward-Looking
Information and Adjusted Information

Industry Concerns
Mortgage and home equity loans
Leveraged lending and bridge commitments
Yield curve

A history of execution and strong performance
Clear strategies for growth
A strong risk management culture
PNC is differentiated by …

Building an Enduring Company with a Solid Foundation
A History of Execution
A diversified business mix
An industry-leading technology platform
Expanded distribution capabilities
Expansion into higher growth markets
A disciplined economic capital allocation process
A strong risk management process
Deepened customer relationships
A continuous improvement culture
Improved customer experience
Enhanced PNC brand
1990s
2000s
Beyond
+
+
+
+
+
+
+
+
+

Strong Performance in a Tough
Environment
Diluted
EPS
Net
Income
($millions)
Assets
(ending
$billions)
Strong first half with solid revenue growth and
momentum
Primary businesses met or exceeded
expectations
Created positive operating leverage versus
first half 2006¹
Maintained excellent asset quality
Total Shareholder Return²:
Year-to-date
2
nd
Three-year
1
st
Five-year
2
nd
(1) GAAP basis and adjusted basis operating leverage are set forth in the Appendix.
(2) As of September 7, 2007.  Ranking versus super-regional banks identified in the
Appendix.  Source:  SNL DataSource.
Peer Rank
1H06
1H07
1H06
1H07
1H06
1H07
$2.47
$2.67
$735
$882
$95
$126
Highlights

Our Diversified Business Mix
Business Leadership
First Half 2007 Business Earnings Contribution*
Retail Banking
-
A leading community bank in PNC major markets
-
One of the nation’s largest bank wealth
management firms
Corporate & Institutional Banking
-
Top 10 Treasury Management business
-
The nation’s 4th
largest lead arranger of asset-
based loan syndications
-
Harris
Williams
-
one
of
the
nation’s
largest
M&A
advisory firms for middle-market companies
BlackRock
-
A global asset management company with over
$1.2 trillion in assets under management
PFPC
-
Among the largest providers of mutual fund
transfer agency and accounting and
administration services in the U.S.
Winning in
the
Payments
Space
A Premier
Middle-
market
Franchise
A Leading
Global
Servicing
Platform
World Class
Asset
Manager
$ millions
$254
$428
$110
$63
*Business earnings reconciled to GAAP net income of $882 million
in the Appendix.  BlackRock segment earnings are adjusted to exclude our
pretax share of BlackRock/MLIM integration costs totaling $3 million.
Contribution
50%
30%
13%
7%

A history of execution and strong performance
Clear strategies for growth
A strong risk management culture
PNC is differentiated by …

Focus on fee-based drivers
Maintain and grow our deposit advantage
Create positive operating leverage
Capture new market opportunities
Enhance brand awareness
Strategies for Growth

0%
10%
20%
30%
40%
50%
60%
70%
USB
KEY
FITB
WB
WFC
STI
BBT
NCC
RF
CMA
Differentiated Fee-Based Businesses
Source: SNL DataSource, PNC as reported
For the six months ended June 30, 2007
PFPC &
BLK
Noninterest Income to Total Revenue
PNC

Consumer DDA HHs
using online banking
Executing on Growth Drivers
$0
$100
$200
$300
$400
$500
Retail
C&I
Key Drivers:
Key Drivers:
Payments Business
Wealth Management
Small Business
Brokerage
Key Drivers:
Key Drivers:
Fee based Businesses
Deposit Franchise
Disciplined Lending
(1) 1H07 vs. 1H06, business segment earnings reconciled to GAAP earnings in the Appendix, (2) Not including Mercantile, (3) Represents consolidated PNC amounts
1H06
1H07
Treasury Management
Midland Loan Services
Capital Markets
1H06
1H07
2
Consumer DDA HHs
using online bill pay
51%
Earnings
Growth
+14%
1
Earnings
Growth
+17%
1
3
Focus on Deepening Relationships
Major Product Revenue
55%
17%
29%
1H06
1H07
2

$0
$100
$200
$300
$400
$500
$0
$300
$600
$900
$1,200
$1,500
Executing on Growth Drivers
PFPC
BlackRock
Key Drivers:
Key Drivers:
Productivity
Improvement
High Margin, High
Growth Products
Key Drivers:
Key Drivers:
Expanded Distribution
Broadened Product Set
Strengthened Platform
6/30/06
06/30/07
Assets Under Management
$464M
$1.23B
(1) 1H07 vs. 1H06, business segment earnings reconciled to GAAP earnings in the Appendix, (2) Reflects BlackRock entity AUM.  Not included in PNC AUM
following deconsolidation of BlackRock in September 2006.
Emerging Product Revenue
Core Product Revenue
1H04
1H07
Earnings
Growth
+19%
1
Earnings
Growth
+16%
1
21%
29%
71%
79%
Emerging
product
revenue
3-yr CAGR
19%
2
Focus on High Growth Products
Focus on Gathering Assets
at period end

Interest-bearing deposits
24%
12%
Noninterest-bearing deposits
28%
3%
Total deposits
25%
10%
2Q07 vs. 2Q06
Executing on Our Strategy to Gather
Low Cost Deposits
Source:
SNL
DataSource,
PNC
as
reported.
Peers
reflects
average
of
the
super-regional
banks
identified
in
the
Appendix
other
than
PNC
24%
38%
21%
17%
Consumer
Corporate Banking,
Treasury Management
and Other
Midland
Small
Business
PNC Has Been Focused on Growing 
Noninterest-Bearing Deposits…
Average Balances
PNC
Peers
Contribution to Average
Noninterest-Bearing Deposits
As of 6/30/07
Through Multiple Channels

USB       
2.23 %
WFC
2.44
PNC
2.72
CMA
2.73
RF
2.83
FITB
2.93
KEY
2.96
STI
3.06
BBT
3.12
WB
3.12
NCC
3.23
CMA       
21 %
WFC
21
PNC
18
KEY
17
RF
16
FITB
15
USB
15
STI
14
NCC
14
BBT
12
WB
10
Differentiated Deposit Mix
Average Noninterest-Bearing
Deposits to Average Earning Assets
For the three months ended June 30, 2007.  Source: SNL DataSource, PNC as reported
2Q07
Interest Cost of Average Total Deposits
2Q07
Providing a Funding Advantage…
With Low Cost Deposits

$0
$1
$2
$3
$4
$5
$6
$7
2004
2005
2006
Revenue
9%
Creating Positive Operating Leverage
Growing Revenues Faster Than Expenses
$ billions
Compound Annual
Growth Rate
(2004 –
2006)
Adjusted Revenue
(Taxable-equivalent) -
$5.6 billion, $6.4 billion, $8.6 billion as reported for 2004, 2005, 2006, respectively
Adjusted Noninterest
Expense -
$3.7 billion, $4.3 billion, $4.4 billion as reported for 2004, 2005, 2006, respectively
Adjusted Net Income -
$1.2 billion, $1.3 billion, $2.6 billion as reported for 2004, 2005, 2006, respectively
Net Income
12%
$1.2
$1.3
$1.5
Expense
7%
Revenue                +15%   
Expense                  +12%
Net Income            +17%
Trend Continues*
*As reported: revenue (6%), expense (14%), net income 20%.  Adjusted numbers and taxable-equivalent revenue are reconciled to GAAP
in the Appendix.
Six months ended June 30, as adjusted
2007 vs 2006

Executing on Our Acquisition Strategy
76% of PNC Pro Forma Branches Located Between the Hudson and Potomac Rivers
PNC Branches prior to 2004
Sterling Financial Corp.
Pending
Yardville National Bancorp
Pending
Mercantile Bankshares Corp.
3/2/07
Riggs National Corp.
5/13/05
United National Bancorp
1/1/04
New York
New York
Delaware
Delaware
Virginia
Virginia
New Jersey
New Jersey
Pennsylvania
Pennsylvania
Maryland
Maryland
Kentucky
Kentucky
Indiana
Indiana
Ohio
Ohio
West
West
Virginia
Virginia

$60,949
$56,250
$69,270
$54,620
$73,965
$69,363
$66,273
Improving Our Demographics
3.7%
6.0%
2.0%
3.4%
8.4%
10.0%
3.9%
2003
Proforma
Median Household Income
Projected 5-Year Population Growth
Acquisitions
2003
Proforma
Acquisitions
Amounts
based
on
data
at
time
of
acquisition
announcement.
United
Trust
data
reflects
demographics
of
footprint
counties
weighted
by
households.
Mercantile,
Yardville
and
Sterling
data
reflect
demographics
of
footprint
counties
of
that
company,
or
by
MSA
in
the
case
of
Riggs,
weighted
by
deposits.
PNC
2003
and
PNC
Proforma
amounts
reflect
demographics,
weighted
by
deposits,
of
PNC’s
68
county
footprint
and
105
county
footprint,
respectively,
including
the
impact
of
PNC’s
ongoing
branch
optimization
process.
PNC
and
Mercantile
headquarter
offices
excluded
for
purposes
of
deposit
weighting.
Source:
SNL
DataSource.
*Pending.

(1) United, Riggs, and Mercantile based on the most recent reporting quarter prior to closing.  Yardville and Sterling based on most recent
reporting quarter, and in the case of Sterling, excludes its Equipment Finance, LLC unit and rental income on operating leases.
Source:  SNL
DataSource and Company 10-Q.
Bringing the Power of PNC to New Clients
Expanding Distribution of Fee-based Products
51%
24%
40%
29%
9%
27%
Noninterest income to total revenue¹
Wealth Management
Brokerage
Credit Card
Payment Services
Treasury
Management
Small Business
M&A Advisory
Services
Capital Markets
Opportunities
(2) For the six months ended June 30, 2007, not including PFPC and BlackRock.  Reconciled to noninterest income to total revenue
on a
GAAP basis of 59% in the Appendix.

$0
$4
$8
$12
$16
$20
1Q06
2Q07
Asset Management
Service Charges
Brokerage
Corporate Services
Consumer and Other
Execution in the Greater Washington
Area (“GWA”)
40.5%
43.3%
0
25,000
50,000
75,000
100,000
125,000
GWA business checking relationships
GWA consumer checking relationships
Deepening Relationships and Growing Noninterest Income*
(2) For the three months ended March 31, 2006 compared to the six months ended June 30, 2007
GWA noninterest income
to total revenue
PNC -
GWA Retail Relationships
(1) Riggs transaction completed May 2005
PNC GWA Region
2
*Does not include Mercantile
June 30
2005¹
June 30
2007
PNC -
GWA Fee Growth
+19%
+42%
+16%
+114%
+7%

Key Initiatives
Redesigned and
simplified checking
product
Launched regional credit
card product
Redesigned PNC.com
Leveraging existing
relationships with
affluent clients
Partnering with the
Gallup Organization to
improve the customer
experience
Highest in
Customer
Satisfaction with
Small Business
Banking¹
(1) J.D. Power and Associates 2006 Small Business Banking Satisfaction Study. (2) Customer Experience Benchmarks and Best Practices, Winning customers
Online, Change Sciences Research, March 2007
PNC.com personal banking website
ranked in the top 10 for leading banks²
Investing in Our Brand to Drive Growth

A history of execution and strong performance
Clear strategies for growth
A strong risk management culture
PNC is differentiated by…

New Credit Risk
Rating System
Improved Credit
Training
PNC’s Credit Culture Evolution
Adherence to
“Target Zone”
of
Losses
Organizational
Independence
Early Workout
Intervention
Credit Culture Evolution
(2000 –
Present)
Focus on Getting Paid
Per Unit of Risk
Help
Talk
Listen
Teamwork
“Focus on the Front Door”
Proactive Process Driven by Returns
Not overly concentrated
in any area
More granularity
Limited exposure to
leveraged lending
Strong origination and
distribution capabilities
Manage
the Back Door

High Quality Consumer Loan Portfolio
Auto
7%
Residential
Mortgage
34%
Composition of Consumer Loan and Residential Mortgage Portfolio
As of June 30, 2007
Home Equity Portfolio
Credit Statistics¹
First lien positions
42%
In-footprint exposure
92%
Weighted average:
Loan to value
70%
FICO scores
727
Net charge-offs
0.18%
90 days past due
0.26%
(1) Not including Mercantile
Other
7%
Home
Equity
52%
Residential Portfolio
Credit Statistics¹
Weighted average:
Loan to value
67%
FICO scores
746
Net charge-offs
0.02%
90 days past due
0.80%
(1) Not including Mercantile

Home Equity Credit Trends
% of outstandings
Delinquency Ratio  90+ Days
Net Charge-Offs
PNC1
RMA
Source:  The Risk Management Association (“RMA”) Consumer Loan Studies, Home Equity
% of average
outstandings
PNC1
RMA
(1) Not including Mercantile
2005
2004
2006
1H07
2005
2004
2006
1H07
0.1%
0.2%
0.3%
0.4%
0.5%
0.6%
0.1%
0.2%
0.3%
0.4%

0.2%
0.5%
0.7%
1.0%
1.2%
1.5%
2Q02
2Q03
2Q04
2Q05
2Q06
2Q07
Disciplined Approach Leads to Excellent
Asset Quality
Asset Quality Compared to Peers
Net Charge-offs to Average Loans
PNC
Peer Group
Source: SNL DataSource, PNC as reported
PNC 2005 net charge-off ratio excludes $53 million loan recovery.  The ratio was 0.06% including the recovery.
Peer group reflects average of super-regional banks identified in the Appendix other than PNC
Nonperforming Assets to Loans, Loans
Held for Sale and Foreclosed Assets
PNC
Peer Group
*
*
0.10%
0.20%
0.30%
0.40%
0.50%
0.60%
0.70%
0.80%
2002
2003
2004
2005
2006
1H07

Well Positioned Based on Lehman
Research
Loans to deposits
Fee income to revenue
Demand deposits as % of total
deposits
One-year Gap rank
Linked quarter change in deposits
to average earning assets
MBS & mortgage loans as % of
average earning assets
EPS impact of gradual +100bps
parallel shift
Source:  Large-/Mid-Cap Banks 1Q07 10-Q Review, Lehman Brothers, Global Equity Research, May 23, 2007 [Data as of 1Q07]
Peer Group Ranking
Lehman Brothers Criteria
1
STI
2
PNC
3
FITB
4
RF
5
NCC
6
WB
7
KEY
8
USB
9
BBT
10
WFC
11
CMA

Summary
A demonstrated history of execution and
strong performance
Clear strategies to maintain growth
Sound risk management processes
Well Positioned to Create Value

We
make
statements
in
this
presentation,
and
we
may
from
time
to
time
make
other
statements,
regarding
our
outlook
or
expectations
for
earnings,
revenues,
expenses
and/or
other
matters
regarding
or
affecting
PNC
that
are
forward-looking
statements
within
the
meaning
of
the
Private
Securities
Litigation
Reform
Act.
Forward-looking
statements
are
typically
identified
by
words
such
as
“believe,”
“expect,”
“anticipate,”
“intend,”
“outlook,”
“estimate,”
“forecast,”
“project”
and
other
similar
words
and
expressions.
Forward-looking
statements
are
subject
to
numerous
assumptions,
risks
and
uncertainties,
which
change
over
time.
Forward-looking
statements
speak
only
as
of
the
date
they
are
made. 
We
do
not
assume
any
duty
and
do
not
undertake
to
update
our
forward-looking
statements.
Because
forward-looking
statements
are
subject
to
assumptions
and
uncertainties,
actual
results
or
future
events
could
differ,
possibly
materially,
from
those
that
we
anticipated
in
our
forward-looking
statements,
and
future
results
could
differ
materially
from
our
historical
performance.
Our
forward-looking
statements
are
subject
to
the
following
principal
risks
and
uncertainties.
We
provide
greater
detail
regarding
some
of
these
factors
in
our
Form
10-K
for
the
year
ended
December
31,
2006,
including
in
the
Risk
Factors
and
Risk
Management
sections
of
that
report,
and
in
our
first
and
second
quarter
2007
Form
10-Qs
and
other
SEC
reports.
Our
forward-looking
statements
may
also
be
subject
to
other
risks
and
uncertainties,
including
those
that
we
may
discuss
elsewhere
in
this
presentation
or
in
our
filings
with
the
SEC,
accessible
on
the
SEC’s
website
at
www.sec.gov
and
on
or
through
our
corporatewebsite
at
www.pnc.com
under
“About
PNC
–
Investor
Relations
–
Financial
Information.”
•
Our
business
and
operating
results
are
affected
by
business
and
economic
conditions
generally
or
specifically
in
the
principal
markets
in
which
we
do
business.
We
are
also
affected
by
changes
in
our
customers’
and
counterparties’
financial
performance,
as
well
as
changes
in
customer
preferences
and
behavior,
including
as
a
result
of
changing
business
and
economic
conditions.
•
The
value
of
our
assets
and
liabilities,
as
well
as
our
overall
financial
performance,
is
also
affected
by
changes
in
interest
rates
or
in
valuations
in
the
debt
and
equity
markets. 
Actions
by
the
Federal
Reserve
and
other
government
agencies,
including
those
that
impact
money
supply
and
market
interest
rates,
can
affect
our
activities
and
financial
results.
•
Our
operating
results
are
affected
by
our
liability
to
provide
shares
of
BlackRock
common
stock
to
help
fund
BlackRock
long-term
incentive
plan
(“LTIP”)
programs,
as
our
LTIP
liability
is
adjusted
quarterly
(“marked-to-market”)
based
on
changes
in
BlackRock’s
common
stock
price
and
the
number
of
remaining
committed
shares,
and
we
recognize
gain
or
loss
on
such
shares
at
such
times
as
shares
are
transferred
for
payouts
under
the
LTIP
programs.
•
Competition
can
have
an
impact
on
customer
acquisition,
growth
and
retention,
as
well
as
on
our
credit
spreads
and
product
pricing,
which
can
affect
market
share,
deposits
and
revenues.
•
Our
ability
to
implement
our
business
initiatives
and
strategies
could
affect
our
financial
performance
over
the
next
several
years.
•
Legal
and
regulatory
developments
could
have
an
impact
on
our
ability
to
operate
our
businesses
or
our
financial
condition
or
results
of
operations
or
our
competitive
position
or
reputation.
Reputational
impacts,
in
turn,
could
affect
matters
such
as
business
generation
and
retention,
our
ability
to
attract
and
retain
management,
liquidity
and
funding. 
These
legal
and
regulatory
developments
could
include:
(a)
the
unfavorable
resolution
of
legal
proceedings
or
regulatory
and
other
governmental
inquiries;
(b)
increased
litigation
risk
from
recent
regulatory
and
other
governmental
developments;
(c)
the
results
of
the
regulatory
examination
process,
our
failure
to
satisfy
the
requirements
of
agreements
with
governmental
agencies,
and
regulators’
future
use
of
supervisory
and
enforcement
tools;
(d)
legislative
and
regulatory
reforms,
including
changes
to
laws
and
regulations
involving
tax,
pension,
education
lending,
and
the
protection
of
confidential
customer
information;
and
(e)
changes
in
accounting
policies
and
principles.
•
Our
business
and
operating
results
are
affected
by
our
ability
to
identify
and
effectively
manage
risks
inherent
in
our
businesses,
including,
where
appropriate,
through
the
effective
use
of
third-party
insurance
and
capital
management
techniques.
•
Our
ability
to
anticipate
and
respond
to
technological
changes
can
have
an
impact
on
our
ability
to
respond
to
customer
needs
and
to
meet
competitive
demands.
Cautionary Statement Regarding
Forward-Looking Information

•
The
adequacy
of
our
intellectual
property
protection,
and
the
extent
of
any
costs
associated
with
obtaining
rights
in
intellectual
property
claimed
by
others,
can
impact
our
business
and
operating
results.
•
Our
business
and
operating
results
can
also
be
affected
by
widespread
natural
disasters,
terrorist
activities
or
international
hostilities,
either
as
a
result
of
the
impact
on
the
economy
and
financial
and
capital
markets
generally
or
on
us
or
on
our
customers,
suppliers
or
other
counterparties
specifically.
•
Also,
risks
and
uncertainties
that
could
affect
the
results
anticipated
in
forward-looking
statements
or
from
historical
performance
relating
to
our
equity
interest
in
BlackRock,
Inc.
are
discussed
in
more
detail
in
BlackRock’s
2006
Form
10-K,
including
in
the
Risk
Factors
section,
and
in
BlackRock’s
other
filings
with
the
SEC,
accessible
on
the
SEC’s
website
and
on
or
through
BlackRock’s
website
at
www.blackrock.com.
We
grow
our
business
from
time
to
time
by
acquiring
other
financial
services
companies,
including
the
pending
Sterling
Financial
Corporation
(“Sterling”)
and
Yardville
National
Bancorp
(“Yardville”)
acquisitions.
Acquisitions
in
general
present
us
with
risks
other
than
those
presented
by
the
nature
of
the
business
acquired.
In
particular,
acquisitions
may
be
substantially
more
expensive
to
complete
(including
as
a
result
of
costs
incurred
in
connection
with
the
integration
of
the
acquired
company)
and
the
anticipated
benefits
(including
anticipated
cost
savings
and
strategic
gains)
may
be
significantly
harder
or
take
longer
to
achieve
than
expected.
In
some
cases,
acquisitions
involve
our
entry
into
new
businesses
or
new
geographic
or
other
markets,
and
these
situations
also
present
risks
resulting
from
our
inexperience
in
these
new
areas.
As
a
regulated
financial
institution,
our
pursuit
of
attractive
acquisition
opportunities
could
be
negatively
impacted
due
to
regulatory
delays
or
other
regulatory
issues.
Regulatory
and/or
legal
issues
related
to
the
pre-acquisition
operations
of
an
acquired
business
may
cause
reputational
harm
to
PNC
following
the
acquisition
and
integration
of
the
acquired
business
into
ours
and
may
result
in
additional
future
costs
arising
as
a
result
of
those
issues.
Post-closing
acquisition
risk
continues
to
apply
to
Mercantile
Bankshares
Corporation
as
we
complete
the
integration.
Any
annualized,
proforma,
estimated,
third
party
or
consensus
numbers
in
this
presentation
are
used
for
illustrative
or
comparative
purposes
only
and
may
not
reflect
actual
results.
Any
consensus
earnings
estimates
are
calculated
based
on
the
earnings
projections
made
by
analysts
who
cover
that
company.
The
analysts’
opinions,
estimates
or
forecasts
(and
therefore
the
consensus
earnings
estimates)
are
theirs
alone,
are
not
those
of
PNC
or
its
management,
and
may
not
reflect
PNC’s,
Yardville’s,
Sterling’s
or
other
company’s
actual
or
anticipated
results.
Cautionary Statement Regarding
Forward-Looking Information (continued)

The
PNC
Financial
Services
Group,
Inc.
and
Sterling
Financial
Corporation
will
be
filing
a
proxy
statement/prospectus
and
other
relevant
documents
concerning
the
merger
with
the
United
States
Securities
and
Exchange
Commission
(the
"SEC").
WE
URGE
INVESTORS
TO
READ
THE
PROXY
STATEMENT/PROSPECTUS
AND
ANY
OTHER
DOCUMENTS
TO
BE
FILED
WITH
THE
SEC
IN
CONNECTION
WITH
THE
MERGER
OR
INCORPORATED
BY
REFERENCE
IN
THE
PROXY
STATEMENT/PROSPECTUS
BECAUSE
THEY
WILL
CONTAIN
IMPORTANT
INFORMATION.
Investors
will
be
able
to
obtain
these
documents
free
of
charge
at
the
SEC's
web
site
(www.sec.gov).
In
addition,
documents
filed
with
the
SEC
by
The
PNC
Financial
Services
Group,
Inc.
will
be
available
free
of
charge
from
Shareholder
Relations
at
(800)
843-2206.
Documents
filed
with
the
SEC
by
Sterling
Financial
Corporation
will
be
available
free
of
charge
from
Sterling
Financial
Corporation
by
contacting
Shareholder
Relations
at
(877)
248-6420.
The
directors,
executive
officers,
and
certain
other
members
of
management
and
employees
of
Sterling
Financial
Corporation
are
participants
in
the
solicitation
of
proxies
in
favor
of
the
merger
from
the
shareholders
of
Sterling
Financial
Corporation.
Information
about
the
directors
and
executive
officers
of
Sterling
Financial
Corporation
is
included
in
the
proxy
statement
for
its
May
8,
2007
annual
meeting
of
shareholders,
which
was
filed
with
the
SEC
on
April
2,
2007.
Additional
information
regarding
the
interests
of
such
participants
will
be
included
in
the
proxy
statement/prospectus
and
the
other
relevant
documents
filed
with
the
SEC
when
they
become
available.
Additional Information About The PNC/Sterling
Financial Corporation Transaction

The
PNC
Financial
Services
Group,
Inc.
(“PNC”)
and
Yardville
National
Bancorp
(“Yardville”)
have
filed
with
the
United
States
Securities
and
Exchange
Commission
(the
“SEC”)
a
proxy
statement/prospectus
and
other
relevant
documents
concerning
the
proposed
transaction.
WE
URGE
INVESTORS
TO
READ
THE
PROXY
STATEMENT/PROSPECTUS
AND
ANY
OTHER
DOCUMENTS
FILED
WITH
THE
SEC
IN
CONNECTION
WITH
THE
MERGER
OR
INCORPORATED
BY
REFERENCE
IN
THE
PROXY
STATEMENT/PROSPECTUS
BECAUSE
THEY
CONTAIN
IMPORTANT
INFORMATION.
Investors
may
obtain
these
documents
free
of
charge
at
the
SEC's
web
site
(www.sec.gov).
In
addition,
documents
filed
with
the
SEC
by
PNC
will
be
available
free
of
charge
from
Shareholder
Relations
at
(800)
843-2206.
Documents
filed
with
the
SEC
by
Yardville
will
be
available
free
of
charge
from
Yardville
by
contacting
Howard
N.
Hall,
Assistant
Treasurer's
Office,
2465
Kuser
Road,
Hamilton,
NJ
08690
or
by
calling
(609)
631-6223.
The
directors,
executive
officers,
and
certain
other
members
of
management
and
employees
of
Yardville
are
participants
in
the
solicitation
of
proxies
in
favor
of
the
merger
from
the
shareholders
of
Yardville.
Information
about
the
directors
and
executive
officers
of
Yardville
is
set
forth
in
its
Annual
Report
on
Form
10-K
filed
on
March
30,
2007
for
the
year
ended
December
31,
2006,
as
amended
by
the
Form
10-K/A
filed
on
May
10,
2007.
Additional
information
regarding
the
interests
of
such
participants
is
included
in
the
proxy
statement/prospectus
and
the
other
relevant
documents
filed
with
the
SEC.
Additional Information About The
PNC/Yardville National Bancorp Transaction

Non-GAAP to GAAP
Reconcilement
Appendix
Earnings Summary
THREE MONTHS ENDED
Pretax
Net
Diluted
Pretax
Net
Diluted
Pretax
Net
Diluted
In millions, except per share data
Adjustments
Income
EPS Impact
Adjustments
Income
EPS Impact
Adjustments
Income
EPS Impact
Net income, as reported
$423
$1.22
$459
$1.46
$381
$1.28
Adjustments:
   BlackRock LTIP (a)
$1
$(52)
(33)
(.11)
            
   Integration costs (b)
16
              
11
          
.03
              
13
                
8
              
.03
              
$13
5
               
.02
              
Net income, as adjusted
$434
$1.25
$434
$1.38
$386
$1.30
SIX MONTHS ENDED
Pretax
Net
Diluted
Pretax
Net
Diluted
In millions, except per share data
Adjustments
Income
EPS Impact
Adjustments
Income
EPS Impact
Net income, as reported
$882
$2.67
$735
$2.47
Adjustments:
   BlackRock LTIP (a)
$(51)
(33)
         
(.11)
            
   Integration costs (b)
29
              
19
          
.07
              
$19
8
              
.03
              
Net income, as adjusted
$868
$2.63
$743
$2.50
(a)
Includes
the
impact
of
the
gain
recognized
in
connection
with
PNC's
transfer
of
BlackRock
shares
to
satisfy
a
portion
of
our
2002
BlackRock
LTIP
shares
obligation
and
the
net
mark-
to-market adjustment on our remaining BlackRock LTIP shares obligation, as applicable.
(b)
Amounts
for
2007
include
both
Mercantile
acquisition
and
BlackRock/MLIM
transaction
integration
costs.
BlackRock/MLIM
transaction
integration
costs
recognized
by
PNC
in
2007
were
included
in
noninterest
income
as
a
negative
component
of
the
"Asset
management"
line
item,
which
includes
the
impact
of
our
equity
earnings
from
our
investment
in
BlackRock.
The second quarter of 2006 BlackRock/MLIM transaction integration costs were included in noninterest expense.
June 30, 2007
March 31, 2007
June 30, 2006
June 30, 2007
June 30, 2006

Non-GAAP to GAAP
Reconcilement
Appendix
Income Statement Summary –
For the Six Months Ended June 30
SIX MONTHS ENDED
In millions
As Reported 
Adjustments
As Adjusted (a) 
As Reported 
Adjustments
As Adjusted (b)
Net interest income
$1,361
$1,361
$1,112
$(7)
$1,105
Taxable-equivalent adjustment
14
                
14
               
13
                
13
             
Net interest income, taxable-equivalent basis
1,375
           
1,375
          
1,125
           
(7)
              
1,118
         
Net interest income:
% Change As
Adjusted
% Change As
Reported
     Loans
526
              
526
             
472
              
(7)
              
465
           
13%
11%
     Deposits
849
              
849
             
653
              
653
           
30%
30%
Noninterest Income
1,966
           
(48)
             
1,918
          
2,415
           
(666)
           
1,749
         
10%
(19%)
Total revenue, taxable equivalent basis
3,341
           
(48)
             
3,293
          
3,540
           
(673)
           
2,867
         
15%
(6%)
Loan net interest income as a % of total revenue, TE
16.0%
16.2%
Deposit net interest income as a % of total revenue, TE
25.8%
22.8%
Noninterest income as a % of total revenue, TE
58.2%
61.0%
Provision for credit losses
62
62
66
66
Noninterest income
1,966
$(48)
1,918
2,415
(666)
           
1,749
Noninterest expense
1,984
(26)
1,958
2,307
(561)
1,746
12%
(14%)
     Income before minority interest
        and income taxes
1,281
(22)
             
1,259
1,154
(112)
1,042
Minority interest in income
   of BlackRock
41
(41)
Income taxes
399
(8)
391
378
(79)
299
     Net income
$882
($14)
$868
$735
$8
$743
17%
20%
SIX MONTHS ENDED
As Reported 
Adjustments
As Adjusted (a) 
As Reported 
Adjustments
As Adjusted (b)
% Change As
Adjusted
% Change As
Reported
Noninterest expense
1,984
(26)
1,958
2,307
(561)
1,746
12%
(14%)
Noninterest expense, excluding Mercantile expense of $156 million
1,828
(26)
       
1,802
2,307
(561)
1,746
3%
June 30, 2007
June 30, 2006
June 30, 2007
June 30, 2006
(a)
Amounts
adjusted
to
exclude
the
impact
of
the
following
pretax
items:
(1)
the
net
mark-to-market
adjustment
charge
totaling
$1
million
for
the
second
quarter
of
2007
and
a
net
effect
for
the
first
six
months
of
2007
of
$51
million
(consisting
of
the
gain
recognized
in
connection
with
our
first
quarter
shares
transfer
net
of
the
mark-to-market
adjustment
charge
for
both
quarters)
on
our
BlackRock
LTIP
shares obligation, and (2) Mercantile acquisition and BlackRock/MLIM transaction integration costs totaling $16 million for the second quarter and $29 million for the first six months of 2007.
(b)
Amounts
adjusted
as
if
we
had
recorded
our
investment
in
BlackRock
on
the
equity
method
for
all
periods
presented
and
to
exclude
PNC's
portion
of
BlackRock/MLIM
transaction
integration
costs
of
$13
million and $19 million before taxes for the second quarter and first six months of 2006, respectively.

Non-GAAP to GAAP
Reconcilement
Appendix
Business Segment Earnings and Operating Leverage
OPERATING LEVERAGE
SIX MONTHS ENDED
Dollars in millions
As Reported
As Adjusted
(b)
As
Reported
As Adjusted
(c)
As Reported
As Adjusted
Net interest income
$1,361
$1,361
$1,112
$1,105
Noninterest income
     Asset management
355
358
890
257
     Other
1,611
1,560
1,525
1,492
Total revenue
$3,327
$3,279
$3,527
$2,854
(6%)
15%
Noninterest expense
$1,984
$1,958
$2,307
$1,746
(14%)
12%
Operating leverage
8%
3%
(c) See note (b) on previous slide.
June 30, 2007
June 30, 2006
Change
(b) See note (a) on previous slide.
Dollars in millions
2007
% of Segments
2006
% Change
Retail Banking
$428
50%
$375
14%
Corporate & Institutional Banking
254
30%
217
17%
BlackRock (a)
110
13%
95
16%
PFPC
63
7%
53
19%
     Total business segment earnings
855
740
Other (a)
27
(5)
Total consolidated net income
$882
$735
Earnings (Loss)
Six Months Ending June 30
(a)
For
our
segment
reporting
presentation
in
management's
discussion
and
analysis,
our
after-tax
share
of
BlackRock/MLIM
transaction
integration
costs
totaling
$2
million
and
$8
million
for
the
six
months
ended
June
30,
2007
and
June
30,
2006
have
been
reclassified
from
BlackRock
to
"Other."
"Other"
for
the
first
six
months
of
2007
also
includes $26 million of pretax Mercantile acquisition integration costs.

Non-GAAP to GAAP
Reconcilement
Appendix
Average Balance Sheet and Noninterest Income
Six Months Ending June 30, 2007
Dollars in millions
Retail
Banking
Corporate &
Institutional
Banking
Other
Banking and
Other
BlackRock
PFPC
Total
Net interest income (expense)
$984
$371
$15
$1,370
($9)
$1,361
Noninterest income
830
           
374
           
205
           
1,409
        
$140
417
           
1,966
        
Total Revenue
$1,814
$745
$220
$2,779
$140
$408
$3,327
Noninterest income as a % of
total revenue
46%
50%
93%
51%
100%
102%
59%
Average Balance Sheet for the three months ended:
June 30, 2007
June 30, 2006
$ millions
PNC Excluding
Mercantile
Mercantile (a)
PNC As
Reported
PNC
% Change
Excluding
Mercantile
% Change
Including
Mercantile
Average loans, net of unearned income
Commercial
$20,919
$3,733
$24,652
$20,348
3%
21%
Commercial real estate
3,456
6,057
9,513
3,071
13%
210%
Consumer
16,257
1,629
17,886
16,049
1%
11%
Residential mortgages
7,437
1,090
8,527
7,353
1%
16%
Other, including total unearned income (b)
2,969
8
2,977
3,115
(5%)
(4%)
Total average loans, net of unearned income
$51,038
$12,517
$63,555
$49,936
2%
27%
Average deposits
Interest-bearing
$51,111
$9,293
$60,404
$48,710
5%
24%
Noninterest-bearing
14,707
3,117
17,824
13,926
6%
28%
Total average deposits
$65,818
$12,410
$78,228
$62,636
5%
25%
(a) Mercantile activity is from the closing on March 2, 2007 through March 31, 2007.
(b) Includes lease financing.

Non-GAAP to GAAP
Reconcilement
Appendix
Income Statement Summary –
2004 to 2006
BlackRock
For the year ended December 31, 2006
PNC
Deconsolidation and
BlackRock
PNC
In millions
As Reported
Adjustments (a)
Other Adjustments
Equity Method
As Adjusted
Net interest income
$2,245
$(10)
$2,235
Provision for credit losses
124
124
Noninterest
income
6,327
$(1,812)
(1,087)
$144
3,572
Noninterest
expense
4,443
(91)
(765)
3,587
Income before minority interest and income taxes
4,005
(1,721)
(332)
144
2,096
Minority interest in income of BlackRock
47
18
(65)
Income taxes
1,363
(658)
(130)
7
582
Net income
$2,595
$(1,081)
$(137)
$137
$1,514
For the year ended December 31, 2005
BlackRock
PNC
Deconsolidation and
BlackRock
PNC
In millions
As Reported
Other Adjustments
Equity Method
As Adjusted
Net interest income
$2,154
$(12)
$2,142
Provision for credit losses
21
21
Noninterest
income
4,173
(1,214)
$163
3,122
Noninterest
expense
4,306
(853)
3,453
Income before minority interest and income taxes
2,000
(373)
163
1,790
Minority interest in income of BlackRock
71
(71)
Income taxes
604
(150)
11
465
Net income
$1,325
$(152)
$152
$1,325
(a)
Includes
the
impact
of
the
following
items,
all
on
a
pretax
basis:
$2,078
million
gain
on
BlackRock/MLIM
transaction,
$196
million
securities
portfolio
rebalancing
loss,
$101
million
of
BlackRock/MLIM
transaction
integration
costs,
$48
million
mortgage
loan
portfolio
repositioning
loss,
and
$12
million
net
loss
related
to
our
BlackRock
LTIP shares obligation.

Non-GAAP to GAAP
Reconcilement
Appendix
Income Statement Summary –
2004 to 2006 (continued)
For the year ended December 31, 2004
BlackRock
PNC
Deconsolidation and
BlackRock
PNC
In millions
As Reported
Other Adjustments
Equity Method
As Adjusted
Net interest income
$1,969
$(14)
$1,955
Provision for credit losses
52
52
Noninterest
income
3,572
(745)
$101
2,928
Noninterest
expense
3,712
(564)
3,148
Income before minority interest and income taxes
1,777
(195)
101
1,683
Minority interest in income of BlackRock
42
(42)
Income taxes
538
(59)
7
486
Net income
$1,197
$(94)
$94
$1,197
In millions
2004
2005
2006
CAGR
Adjusted net interest income
$1,955
$2,142
$2,235
Adjusted noninterest
income
2,928
3,122
3,572
Taxable-equivalent adjustment
20
33
25
Adjusted total revenue
4,903
5,297
5,832
9%
Adjusted noninterest
expense
3,148
3,453
3,587
7%
Adjusted net income
$1,197
$1,325
$1,514
12%
In millions
2004
2005
2006
CAGR
Net interest income, as reported
$1,969
$2,154
$2,245
Noninterest
income, as reported
3,572
4,173
6,327
Taxable-equivalent adjustment
20
33
25
Total revenue, taxable equivalent basis
5,561
6,360
8,597
24%
Noninterest
expense, as reported
3,712
4,306
4,443
9%
Net income, as reported
$1,197
$1,325
$2,595
47%

The PNC Financial Services Group, Inc.
PNC
BB&T Corporation
BBT
Comerica
CMA
Fifth Third Bancorp
FITB
KeyCorp
KEY
National City Corporation
NCC
Regions Financial
RF
SunTrust Banks, Inc.
STI
U.S. Bancorp
USB
Wachovia Corporation
WB
Wells Fargo & Company
WFC
Ticker
Peer Group of
Super-Regional Banks
Appendix