The PNC Financial Services Group, Inc.
Third Quarter 2007
Earnings Conference Call
October 18, 2007
Exhibit 99.2

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
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
the
impact
of
the
deconsolidation
of
BlackRock
near
the
end
of
third
quarter
2006
and
the
impact
of
certain
types
of
items.
Adjusted
results
reflect,
as
applicable,
the
following
types
of
adjustments:
(1)
2006
periods
reflect
the
impact
of
the
deconsolidation
of
BlackRock
by
adjusting
as
if
we
had
recorded
our
BlackRock
investment
on
the
equity
method
prior
to
its
deconsolidation;
(2)
adjusting
the
2006
periods
to
exclude
the
impact
of
the
third
quarter
2006
gain
on
the
BlackRock/MLIM
transaction
and
losses
on
the
repositioning
of
PNC’s
securities
and
mortgage
loan
portfolios;
(3)
adjusting
fourth
quarter
2006
and
the
2007
periods
to
exclude
the
net
mark-to-market
adjustments
on
PNC’s
remaining
BlackRock
LTIP
shares
obligation
and,
as
applicable,
the
gain
PNC
recognized
in
first
quarter
2007
in
connection
with
the
company’s
transfer
of
BlackRock
shares
to
satisfy
a
portion
of
its
BlackRock
LTIP
shares
obligation;
(4)
adjusting
all
periods
to
exclude,
as
applicable,
integration
costs
related
to
acquisitions
and
to
the
BlackRock/MLIM
transaction;
and
(5)
adjusting,
as
appropriate,
for
the
tax
impact
of
these
adjustments.
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
and
balance
sheet.
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

Organic client growth is strong
Expense base contained and well managed
Primary businesses met or exceeded expectations
Asset quality remains strong
Mercantile integration successful
Well-positioned balance sheet
Continuing to Execute on Our Strategies
2007 Third Quarter Highlights

Key Take-Aways
Execution Delivers Outstanding Results
Reported 3Q07 earnings of $1.19 per diluted share
Adjusted earnings
1
of $1.37 per diluted share
Diverse revenue streams delivering strong results despite
market volatility
Continued to create year-to-date positive operating leverage
on an adjusted basis
2
Maintaining a moderate risk profile and flexible balance
sheet
(1)
Adjusted third quarter 2007 earnings are reconciled to GAAP earnings in the Appendix.
(2)
GAAP basis operating leverage for the year-to-date period was negative due to the impact of the third quarter 2006 gain from the
BlackRock/MLIM transaction and is reconciled in the Appendix.

Nine months ended September 30, As Adjusted
1,2
+15%
+32%
+20%
+20%
Growing High Quality Revenue Streams
Total Revenue Growth
(1)
Adjusted amounts are reconciled to GAAP amounts in the Appendix.
(2)
Unadjusted 2006 mix:  noninterest income 76%, deposit net interest income 14%, loan net interest income 10%.
Unadjusted 2007 mix:  noninterest income 58%, deposit net interest income 26%, loan net interest income 16%.
(3)
Unadjusted % change: total revenue (28%), noninterest income (45%), deposit net interest income 32%, loan net interest income 18%.
2007 vs 2006
1,3
2006 Mix
2006 Mix
Revenue Mix
2007 Mix
2007 Mix
Noninterest
Income
61%
Deposit NII
23%
Loan NII
16%
Noninterest
Income
58%
Deposit NII
26%
Loan NII
16%
$5.5
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
$0.0

$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
(as reported
$5.5 billion, $6.3 billion, $8.6 billion for 2004, 2005, 2006, respectively)
Adjusted Noninterest
Expense
(as reported $3.7 billion, $4.3 billion, $4.4 billion for 2004, 2005, 2006, respectively)
Adjusted Net Income
(as reported $1.2 billion, $1.3 billion, $2.6 billion for 2004, 2005, 2006, respectively)
Net Income
12%
$1.2
$1.3
$1.5
Expense
7%
Revenue                +20%   
Expense                  +15%
Net Income            +19%
Trend Continues¹
(1) As reported: revenue (28%) expense (11%) net income (42%).  Adjusted amounts are reconciled to GAAP in the Appendix.
Nine months ended September 30, as adjusted
2007 vs 2006

Maintaining a Moderate Risk Profile
Strong credit quality
Credit decisions driven by risk-
adjusted returns
Minimal exposure to subprime
mortgages, high-yield bridge and
leveraged finance loans
No “hung”
syndications
Relatively low commercial real
estate exposure as a percentage of
Tier 1 capital
Credit Risk Profile
Well-Positioned for the Yield Curve
Duration of equity –
3 years
Low loan to deposit ratio
High fee income to revenue
percentage
High demand deposits as a
percentage of total deposits

Cautionary Statement Regarding
Forward-Looking Information
Appendix
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
news
release
or
in
our
filings
with
the
SEC,
accessible
on
the
SEC’s
website
at
www.sec.gov
and
on
or
through
our
corporate
website
at
www.pnc.com
under
“About
PNC
–
Investor
Relations
–
Financial
Information.”
•Our
businesses
and
financial
results
are
affected
by
business
and
economic
conditions,
both
generally
and
specifically
in
the
principal
markets
in
which
we
operate.
In
particular,
our
businesses
and
financial
results
may
be
impacted
by —
•Changes in interest rates and valuations in the debt, equity and
other financial markets.
•Disruptions
in
the
liquidity
and
other
functioning
of
financial
markets,
including
such
disruptions
in
the
markets
for
real
estate
and
other
assets
commonly securing financial products.
•Actions by the Federal Reserve and other government agencies, including those that impact money supply and market interest rates.
•Changes
in
our
customers’,
suppliers’
and
other
counterparties’
performance
in
general
and
their
creditworthiness
in
particular.
•Changes
in
customer
preferences
and
behavior,
whether
as
a
result
of
changing
business
and
economic
conditions
or
other
factors.
•A
continuation
of
recent
turbulence
in
significant
portions
of
the
global
financial
markets
could
impact
our
performance,
both
directly
by
affecting
our
revenues
and
the
value
of
our
assets
and
liabilities
and
indirectly
by
affecting
the
economy
generally.
•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.
•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
our
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.
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)
Appendix

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
at
http://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
Appendix

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.
YARDVILLE
SHAREHOLDERS
ARE
URGED
TO
READ
THE
PROXY
STATEMENT/PROSPECTUS
REGARDING
THE
PROPOSED
MERGER
OF
PNC
AND
YARDVILLE,
WHICH
WAS
FIRST
MAILED
TO
YARDVILLE
SHAREHOLDERS
ON
OR
ABOUT
SEPTEMBER
5,
2007,
BECAUSE
IT
CONTAINS
IMPORTANT
INFORMATION.
Yardville
shareholders
may
obtain
a
free
copy
of
the
proxy
statement/prospectus
and
other
related
documents
filed
by
PNC
and
Yardville
with
the
SEC
at
the
SEC’s
web
site
at
http://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
Appendix

Non-GAAP to GAAP
Reconcilement
Earnings Summary
Appendix
THREE MONTHS ENDED
In millions, except per share data
Adjustments,
Net
Diluted
Adjustments,
Net
Diluted
Pretax
Income
EPS
Pretax
Income
EPS
Net income, as reported
$407
$1.19
$423
$1.22
Adjustments:
   BlackRock LTIP (a)
$50
32
.09
               
$1
   Integration costs (b)
43
                
30
                
.09
               
16
                
11
                
.03
               
Net income, as adjusted
$469
$1.37
$434
$1.25
Adjustments,
Net
Diluted
Pretax
Income
EPS
Net income, as reported
$1,484
$5.01
Adjustments:
  Gain on BlackRock/MLIM transaction (c)
$(2,078)
(1,293)
          
(4.36)
            
  Securities portfolio rebalancing loss (c)
196
127
              
.43
               
  Integration costs (b)
72
31
                
.10
               
  Mortgage loan portfolio repositioning loss (c)
48
31
                
.10
               
Net income, as adjusted
$380
$1.28
(a)
Includes
the
impact
of
the
gain
recognized
in
connection
with
PNC's
transfer
of
BlackRock
shares
to
satisfy
a
portion
of
our
BlackRock
LTIP
shares
obligation
and
the
net mark-to-market adjustment on our remaining BlackRock LTIP shares obligation, as applicable.
(b)
In
addition
to
acquisition
integration
costs
related
to
recent
or
pending
PNC
acquisitions
reflected
in
the
2007
periods,
all
2007
and
2006
periods
presented
include
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
third
quarter
of
2006
BlackRock/MLIM transaction integration costs were included in noninterest expense.
(c) Included in noninterest income on a pretax basis.
September 30, 2007
June 30, 2007
September 30, 2006

Non-GAAP to GAAP
Reconcilement
Income Statement Summary –
For the Nine Months Ended September 30
Appendix
NINE MONTHS ENDED
In millions
As Reported 
Adjustments
As Adjusted (a) 
As Reported 
Adjustments
As Adjusted (b)
Net interest income
$2,122
$2,122
$1,679
($10)
$1,669
Net interest income:
% Change As
Reported
% Change As
Adjusted
     Loans
806
              
806
             
682
              
(10)
             
672
           
18%
20%
     Deposits
1,316
           
1,316
          
997
              
997
           
32%
32%
Noninterest Income
2,956
           
$4
2,960
          
5,358
           
(2,777)
        
2,581
         
(45%)
15%
Total revenue
5,078
           
4
                
5,082
          
7,037
           
(2,787)
        
4,250
         
(28%)
20%
Loan net interest income as a % of total revenue
15.9%
15.9%
9.7%
15.8%
Deposit net interest income as a % of total revenue
25.9%
25.9%
14.2%
23.5%
Noninterest income as a % of total revenue
58.2%
58.2%
76.1%
60.7%
Provision for credit losses
127
127
82
82
Noninterest income
2,956
4
                
2,960
5,358
(2,777)
        
2,581
Noninterest expense
3,083
(67)
3,016
3,474
(856)
2,618
(11%)
15%
     Income before minority interest
        and income taxes
1,868
71
              
1,939
3,481
(1,931)
1,550
Minority interest in income
   of BlackRock
47
(47)
Income taxes
579
23
602
1,215
(788)
427
     Net income
$1,289
$48
$1,337
$2,219
($1,096)
$1,123
(42%)
19%
OPERATING LEVERAGE - NINE MONTHS ENDED
As Reported
As Adjusted
Total revenue
(28%)
20%
Noninterest expense
(11%)
15%
Operating leverage 
(17%)
5%
(a)
Amounts
adjusted
to
exclude
the
impact
of
the
following
pretax
items:
(1)
the
gain
of
$83
million
recognized
in
connection
with
PNC's
transfer
of
BlackRock
shares
to
satisfy
a
portion
of
our
BlackRock
LTIP
shares
obligation,
(2)
the
net
mark-to-market
adjustment
totaling
$82
million
on
our
remaining
BlackRock
LTIP
shares
obligation,
and
(3)
acquisition
and
BlackRock/MLIM
transaction integration costs totaling $72 million.  The net tax impact of these items is reflected in the adjustment to income taxes.
(b)
Amounts
adjusted
to
exclude
the
impact
of
the
following
pretax
items:
(1)
the
gain
of
$2.078
billion
on
the
BlackRock/MLIM
transaction,
(2)
the
loss
of
$196
million
on
the
securities
portfolio
rebalancing,
(3)
BlackRock/MLIM
transaction
integration
costs
of
$91
million
for
the
first
nine
months
of
2006,
and
(4)
the
mortgage
loan
portfolio
repositioning
loss
of
$48
million.
The
net
tax
impact
of
these
items
is
reflected
in
the
adjustment
to
income
taxes.
We
believe
that
information
as
adjusted
for
the
impact
of
these
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.
Additionally,
the
amounts
are
also
adjusted
as
if
we
had
recorded
our
investment
in
BlackRock
on
the
equity
method.
We
believe
that
providing
amounts
adjusted
as
if
we
had
recorded
our
investment
in
BlackRock
on
the
equity
method
for
all
periods
presented
provides
a
basis of comparability for the impact of the BlackRock deconsolidation given the magnitude of the impact on various components of our consolidated income statement.
2006 to 2007 Change
September 30, 2007
September 30, 2006

Non-GAAP to GAAP
Reconcilement
Income Statement Summary –
For the Three Months Ended
Appendix
For the three months ended September 30, 2007
PNC
PNC
In millions
As Reported
Adjustments (a)
As Adjusted
Reported
Adjusted
Net interest income
$761
$761
Loan net interest income
294
294
5%
5%
Deposit net interest income
467
467
2%
2%
Provision for credit losses
65
65
     Net interest income less provision for credit losses
696
696
Asset management
204
$2
206
Other
786
50
836
     Total noninterest income
990
52
1,042
2%
7%
Compensation and benefits
553
(16)
537
Other
546
(25)
521
     Total noninterest expense
1,099
(41)
1,058
6%
3%
Income before income taxes
587
93
680
Income taxes
180
31
211
     Net income
$407
$62
$469
(4%)
8%
For the three months ended June 30, 2007
PNC
PNC
In millions
As Reported
Adjustments (b)
As Adjusted
Net interest income
$738
$738
Loan net interest income
280
280
Deposit net interest income
458
458
Provision for credit losses
54
54
     Net interest income less provision for credit losses
684
684
Asset management
190
$1
191
Other
785
1
786
     Total noninterest income
975
2
977
Compensation and benefits
544
(9)
535
Other
496
(6)
490
     Total noninterest expense
1,040
(15)
1,025
Income before income taxes
619
17
636
Income taxes
196
6
202
     Net income
$423
$11
$434
% Change vs. June 30, 2007
(a)
Includes
the
impact
of
the
following
items
on
a
pretax
basis:
$50
million
net
loss
related
to
our
BlackRock
LTIP
shares
obligation
and
$43
million
of
acquisition
and
BlackRock/MLIM transaction integration costs.  The net tax impact of these items is reflected in the adjustment to income taxes.
(b)
Includes
the
impact
of
the
following
items
on
a
pretax
basis:
$16
million
of
acquisition
and
BlackRock/MLIM
transaction
integration
costs
and
$1
million
net
loss
related to our BlackRock LTIP shares obligation.  The net tax impact of these items is reflected in the adjustment to income taxes.

Non-GAAP to GAAP
Reconcilement
Income Statement Summary –
2004 to 2006
Appendix
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,
and
adjustment
for
the
tax
impact
thereof:
$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
Income Statement Summary –
2004 to 2006 (continued)
Appendix
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
Adjusted total revenue
4,883
5,264
5,807
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
Total revenue, as reported
5,541
6,327
8,572
24%
Noninterest expense, as reported
3,712
4,306
4,443
9%
Net income, as reported
$1,197
$1,325
$2,595
47%