The PNC Financial Services Group, Inc.
BancAnalysts Association of Boston
26
th
Annual Conference
November 8, 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
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 current quarter 2007 Form 10-Q 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 2007 and
2006 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 may 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

State of the markets
PNC is well-positioned for this environment
Leveraging our position to capture opportunities
Key Take-aways

Media Outlets Paint a Gloomy Picture
“Another Subprime Lender Files for Bankruptcy”
February
2007,
MoneyNews
“Cash Sources Dry Up for Subprime Mortgage Lenders”
March
2007,
USAToday
“Those Who Profited from Subprimes Now Suffer Too”
August
2007,
MotherJones
“Bond Funds Could Get Hit by Mortgage Mess”
September
2007,
MSNBC.com
“The Real Credit Crunch Has Only Just Begun”
September
2007,
Money
Week
“Backlog of Leveraged Loans Still Unnerves Credit Markets”
October
2007,
Wall
Street
Journal
Estimated credit
Estimated credit
and liquidity
and liquidity
related charges
related charges
in 3Q07
in 3Q07
$35 Billion
$35 Billion
“PIK-Toggle Notes…Risky Debt Issuances Stage Revival”
October
2007,
Wall
Street
Journal

Assessing One’s Current Position
Credit Factors
Liquidity Factors
Liquidity Profile
Subprime/Alt-A
Commercial real
estate
Leveraged lending
Warehouse/
syndications
Structures
SIVs
Loans to deposits
Contingent
funding exposure
Securities book
profile
Capital generation
ability
Access to the
discount window
Strategy and Business Mix Dictate Ability to Respond
High
Low
Flexible
Core funded
Positive operating
leverage
Total return focus
High fee mix
Estimated 3Q07 Related Costs for the Industry
>$5B
>$5B
>$30B
>$30B
Less flexible
Focus on NIM
High cost funding
Negative operating
leverage
NII dependent

$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
$50
J
F
M
A
M
J
J
A
S
O
N
D
J
F
M
A
M
J
J
A
S
O
N
D
J
F
Average Default Rate of
Adjustable-Rate Subprime RMBS
Originated 2000-2006
(% Unpaid Principal Balance)
2009
Subprime Mortgage Resets –
Still Early
in the Cycle
Estimated Subprime Loans with Higher Rate Resets…
Sources:  LoanPerformance, Deutsche Bank, BlackRock, Intex, FBR ABS Research
2007
2008
12 mos.
3.2 %
24 mos.
6.8
36 mos.
11.5
48 mos.
14.6
60 mos.
19.1
72 mos.
20.4
Seasoning
and a Sense of Foreboding

0
2
4
6
8
10
12
14
Default Rates are Still at a Low Point
U.S. Speculative-Grade Bond Default Rate
1983
1985
1989
1991
1993
1999
1995
1997
2001
2003
1987
2005
2007
Long-term
average
4.54%
Source:  Standard & Poor’s Global Fixed Income Research
Recession
U.S. Speculative-grade default rate (%)

0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
10 Year BBB
10 Year B
10 Year CCC
Pricing –
No Bargains Yet
Spread Between Corporate Debt and 10-Year Treasury, bps
Source:  RiskMetrics Group
2003
2004
2005
2006
2007

4.50%
4.75%
5.00%
5.25%
5.50%
5.75%
6.00%
Fed Funds
Ongoing Liquidity Pressures
1 Month LIBOR
Source:  SNL DataSource
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
Diverging Yields
Liquidity Needs
Weekly average
primary credit
borrowings from the
Fed
millions
Source:  Federal Reserve
June 4
July
August
September
October 22
2007
June
July
August
September
October
2007

State of the markets
PNC is well-positioned for this environment
Leveraging our position to capture opportunities
Key Take-aways
PNC

WFC       
7.92 %
NCC
7.33
BBT
7.11
RF
6.95
KEY
6.92
CMA
6.91
USB
6.90
WB
6.88
FITB
6.74
STI
6.62
PNC
6.37
Moderate Risk Profile Reflected in
Absolute Yields
Focus on Total Risk-adjusted Returns
PNC
For the three months ended September 30, 2007.  Source: SNL DataSource, PNC as reported
3Q07
Focus on Risk-adjusted Lending
3Q07
Yield on Total Loans
Yield on Interest Earning Assets
WFC       
8.35 %
BBT
7.70
NCC
7.50
RF
7.39
WB
7.38
USB
7.33
KEY
7.28
CMA
7.13
FITB
6.99
PNC
6.89
STI
6.79

Maintaining a Moderate Credit Risk
Profile –
A Closer Look
PNC
53%
28%
14%
45%
28%
22%
Composition of Loans for Third Quarter 2007
Source: Company reports, peer average reflects average of super-regional banks as defined in Appendix excluding PNC, except
as noted below.
(1) RF and FITB excluded due to unavailability of information. (2) KEY and FITB excluded due to unavailability of information.
Major Loan Category Comparison¹
% of Total Average Loans
Peer Average
PNC
Securities²
5.42%
5.42%
Loans¹:
Commercial
7.42%
7.40%
(includes commercial real estate)
Consumer
6.66%
8.01%
Residential Mortgage
6.07%
7.00%
PNC
Peer
Average
Average Yields
Commercial
(includes commercial
real estate)
Consumer
Residential
Mortgage

High Quality Consumer Loan Portfolio
Auto
5%
Residential
Mortgage
35%
Composition of Consumer Loan and Residential Mortgage Portfolio
As of September 30, 2007
Home Equity Portfolio
Credit Statistics
First lien positions
39%
In-footprint exposure
93%
Weighted average:
Loan to value
72%
FICO scores
726
Net charge-offs¹
0.18%
90 days past due
0.30%
Other
8%
Home
Equity
52%
Residential Mortgage Portfolio
Credit Statistics
Weighted average:
Loan to value
67%
FICO scores
747
Net charge-offs¹
0.01%
90 days past due
1.20%
(1) For the three months ended September 30, 2007.

WB       
0.19 %
RF
0.27
PNC
0.30
CMA
0.32
STI
0.35
KEY
0.35
BBT
0.41
USB
0.54
NCC
0.54
FITB
0.60
WFC
1.02
USB       
318 %
PNC
251
RF
182
CMA
176
BBT
171
KEY
168
WFC
142
WB
117
FITB
117
NCC
113
STI
93
Credit Discipline Reflected in
Reserves and Losses
Proactively Assessing Credits
PNC
For the three months ended September 30, 2007.  Source: SNL DataSource, PNC as reported
3Q07
Managing the Risk
3Q07
Net Charge-offs to Average Loans
Reserves to Nonperforming Assets

$0
$1
$2
$3
$4
$5
$6
$7
2004
2005
2006
Revenue
9%
Creating Positive Operating Leverage
Generating Capital by 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
PNC

RF      
3.90 %
PNC
3.99
USB
4.01
FITB
4.04
STI
4.08
WFC
4.14
BBT
4.20
CMA
4.29
WB
4.34
KEY
4.40
NCC
4.46
Cost of Interest Bearing Liabilities²
3Q07
PNC       
58 %
USB
52
FITB
48
WFC
46
WB
42
STI
42
BBT
42
KEY
41
RF
39
NCC
37
CMA
30
Building a Diversified Business Mix
PNC
High Fee Income Contribution
YTD07
(1) For the nine months ended September 30, 2007.  (2) For the three months ended September 30, 2007. (3) Reconciled to
GAAP in the Appendix.  Source: SNL DataSource, PNC as reported
Low Cost Funding Mix
Noninterest Income to Total Revenue¹
50%
without
PFPC and
BlackRock³

(3)
(2)
(1)
0
1
2
3
4
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
Proactively Managing the
Balance Sheet
Aligning the Balance Sheet with Expectations
PNC Duration
of Equity
(At Quarter End)
Fed Fund
Effective Rate
(At Quarter End)
2004
PNC
2005
2006
2007
Source:  SNL DataSource, PNC as reported

State of the markets
PNC is well-positioned for this environment
Leveraging our position to capture opportunities
Key Take-aways

Opportunities to Capture Value
Remaining focused on client-related business
Affinity toward asset-based lending
Leveraging Midland Loan Services
Exercising patience and finding pockets of value

Summary
We’ve executed on
our strategies
We’re well-positioned
for the current
environment
Liquidity Profile
High
Low
PNC
PNC

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,”
“will”,
“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 current quarter 2007 Form 10-Q 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 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 certain 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, derivatives, 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
capital
and
other
financial
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”)
acquisition.
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, 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

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
helps
provide
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 –
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%

Non-GAAP to GAAP
Reconcilement
Noninterest Income/Total Revenue
Appendix
Nine Months Ending September 30, 2007
Dollars in millions
Retail
Banking
Corporate &
Institutional
Banking
Other
Banking and
Other
BlackRock
PFPC
Total
Net interest income (expense)
$1,517
$571
$48
$2,136
($14)
$2,122
Noninterest income
1,280
        
558
           
260
           
2,098
        
$227
631
           
2,956
        
Total Revenue
$2,797
$1,129
$308
$4,234
$227
$617
$5,078
Noninterest income as a % of
total revenue
46%
49%
84%
50%
100%
102%
58%

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