Financial Supplement

Exhibit 99.1

LOGO

THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2009

(UNAUDITED)

THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2009

(UNAUDITED)


		Page
Consolidated Results:
Income Statement		1
Balance Sheet		2
Capital Ratios		2
Average Balance Sheet		3-4
Net Interest Margin		5
Selected Income Statement Information		6
Loans and Loans Held for Sale		7
Allowances for Credit Losses and Net Unfunded Commitments		8
Nonperforming Assets		9-10
Business Segment Results:
Business Segment Descriptions		11
Summary of Earnings and Revenue		12
Period-end Employees		12
Retail Banking		13-14
Corporate & Institutional Banking		15
Asset Management Group		16
Residential Mortgage Banking		17
Global Investment Servicing		18
Distressed Assets Portfolio		19
Glossary of Terms		20-23

The information contained in this Financial Supplement is preliminary, unaudited and based on data available on April 23, 2009. We have reclassified certain prior period amounts to be consistent with the current period presentation. This information speaks only as of the particular date or dates included in the schedules. We do not undertake any obligation to, and disclaim any duty to, correct or update any of the information provided in this Financial Supplement. Our future financial performance is subject to risks and uncertainties as described in our United States Securities and Exchange Commission (“SEC”) filings.

National City Corporation Acquisition

On December 31, 2008, we acquired National City Corporation (“National City”). The accompanying period-end balance sheet includes National City’s assets and liabilities as of December 31, 2008. Our average balance sheet and income statement includes National City’s balances beginning with the three months ended March 31, 2009. Other financial information reported follows this same convention except that period-end disclosures in the business segment portions of this financial supplement do not include National City at December 31, 2008 unless otherwise noted.

During the first quarter of 2009, more information, such as appraisals, contracts, reviews of legal documentation, and selected key borrower data, was obtained which impacted the fair value of assets acquired and liabilities assumed as of December 31, 2008. This information resulted in adjustments to the purchase price allocation as presented in the table below.

National City Acquisition - Summary Purchase Price Allocation


*In billions*
Excess of fair value of adjusted net assets acquired over purchase price—December 31, 2008	$	(1.3	)
Additional fair value marks on acquired loans—December 31, 2008		1.2		(a	)
Additional mortgage recourse, insurance and legal reserves		0.3
Other adjustments, net		(0.2	)

Excess of fair value of adjusted net assets acquired over purchase price—March 31, 2009	$	0.0

(a)	Subsequent to December 31, 2008 additional information was obtained on the credit quality of loans as of the acquisition date. This new information resulted in additional fair value writedowns on impaired loans.

Further modifications to purchase price allocation may be made over the remainder of 2009, although we currently expect that any such changes will not be significant.

THE PNC FINANCIAL SERVICES GROUP, INC.

Consolidated Income Statement (Unaudited)


	*Three months ended*
*In millions, except per share data*	March 31 2009 (a)			December 31 2008			September 30 2008			June 30 2008			March 31 2008
Interest Income
Loans	$	2,465		$	993		$	1,024		$	1,050		$	1,071
Investment securities		689			476			447			419			404
Other		106			74			103			108			144

Total interest income		3,260			1,543			1,574			1,577			1,619

Interest Expense
Deposits		546			333			340			362			450
Borrowed funds		409			218			234			238			315

Total interest expense		955			551			574			600			765

Net interest income		2,305			992			1,000			977			854

Noninterest Income
Fund servicing		199			209			233			234			228
Asset management		189			97			180			197			212
Consumer services		316			151			153			149			170
Corporate services		245			157			198			185			164
Residential mortgage		431
Service charges on deposits		224			101			97			92			82
Net securities gains (losses)		(93	)		(172	)		(74	)		(1	)		41
Other		55			141			(133	)		206			70

Total noninterest income		1,566			684			654			1,062			967

Total revenue		3,871			1,676			1,654			2,039			1,821
Provision for credit losses		880			990			190			186			151
Noninterest Expense
Personnel		1,088			494			569			547			544
Occupancy		188			94			89			90			95
Equipment		198			92			91			94			82
Marketing		57			31			38			34			22
Other		797			418			344			338			292

Total noninterest expense		2,328			1,129			1,131			1,103			1,035

Income (loss) before income taxes and noncontrolling interests		663			(443	)		333			750			635
Income taxes (benefit)		133			(197	)		74			233			251

Net income (loss)		530			(246	)		259			517			384
Less: Net income attributable to noncontrolling interests		4			2			11			12			7
Preferred stock dividends (b)		66			21

Net income (loss) attributable to common shareholders	$	460		$	(269	)	$	248		$	505		$	377

Earnings (Loss) Per Common Share
Basic	$	1.04		$	(.77	)	$	.72		$	1.47		$	1.11
Diluted	$	1.03		$	(.77	)	$	.71		$	1.45		$	1.09

Average Common Shares Outstanding
Basic		443			348			345			344			339
Diluted		444			350			348			347			342

Efficiency		60	%		67	%		68	%		54	%		57	%

Noninterest income to total revenue		40	%		41	%		40	%		52	%		53	%

Effective tax rate (c)		20.1	%		44.5	%		22.2	%		31.1	%		39.5	%

(a)	Includes the impact of National City, which we acquired on December 31, 2008.

(b)

First quarter 2009 includes cash dividends paid of $47.4 million on Series N preferred stock and amortization of $13.5 million related to the discount on the Series N preferred stock which was issued to the US Treasury on December 31, 2008 under the TARP Capital Purchase Program, and cash dividends paid of $3.7 million on Series L preferred stock. Full year 2009 cash dividends to be paid on the Series N preferred stock are expected to total $332 million. Fourth quarter 2008 includes cash dividends paid on Series K preferred stock.

(c)

A favorable agreement to settle with taxing authorities contributed to the lower effective tax rate for the first quarter of 2009. The higher effective tax rate for the fourth quarter of 2008 resulted from the net loss in that period. The higher effective tax rate for the first quarter of 2008 was due to taxes associated with the gain on the sale of Hilliard Lyons. The lower effective tax rate for the third quarter of 2008 was primarily due to lower pretax income in relation to tax credits and earnings that are not subject to tax.

Page 1

THE PNC FINANCIAL SERVICES GROUP, INC.

Consolidated Balance Sheet (Unaudited)


*In millions, except par value*	March 31 2009 (a)			December 31 2008 (a)			September 30 2008			June 30 2008			March 31 2008
Assets
Cash and due from banks	$	3,576		$	4,471		$	3,060		$	3,525		$	3,934
Federal funds sold and resale agreements (b)		1,554			1,856			1,826			3,015			2,157
Trading securities		1,087			1,725			2,273			2,163			3,093
Interest-earning deposits with banks		14,783			14,859			329			311			415
Other short-term investments		807			1,025			264			231			479
Loans held for sale (b)		4,045			4,366			1,922			2,288			2,516
Investment securities		46,253			43,473			31,031			31,032			28,581
Loans (b)		171,373			175,489			75,184			73,040			70,802
Allowance for loan and lease losses		(4,299	)		(3,917	)		(1,053	)		(988	)		(865	)

Net loans		167,074			171,572			74,131			72,052			69,937
Goodwill		8,855			8,868			8,829			8,824			8,244
Other intangible assets		3,323			2,820			1,092			1,104			1,105
Equity investments		8,215			8,554			6,735			6,376			6,187
Other (b)		26,850			27,492			14,118			11,850			13,343

Total assets	$	286,422		$	291,081		$	145,610		$	142,771		$	139,991


Liabilities
Deposits
Noninterest-bearing	$	40,610		$	37,148		$	19,255		$	19,869		$	19,176
Interest-bearing		154,025			155,717			65,729			64,820			61,234

Total deposits		194,635			192,865			84,984			84,689			80,410
Borrowed funds
Federal funds purchased and repurchase agreements		4,789			5,153			7,448			9,230			7,664
Federal Home Loan Bank borrowings		16,985			18,126			10,466			9,572			9,663
Bank notes and senior debt (b)		13,828			13,664			5,792			5,804			6,842
Subordinated debt		10,694			11,208			5,192			5,169			5,402
Other		2,163			4,089			3,241			2,697			3,208

Total borrowed funds		48,459			52,240			32,139			32,472			32,779
Allowance for unfunded loan commitments and letters of credit		328			344			127			124			152
Accrued expenses		3,340			3,949			2,650			3,388			3,878
Other		11,004			14,035			9,422			4,981			6,341

Total liabilities		257,766			263,433			129,322			125,654			123,560


Equity
Preferred stock (c)
Common stock—$5 par value
Authorized 800 shares, issued 452, 452, 357, 357 and 353 shares		2,261			2,261			1,787			1,787			1,764
Capital surplus—preferred stock		7,933			7,918			493			492
Capital surplus—common stock and other		8,284			8,328			2,884			2,895			2,603
Retained earnings		11,738			11,461			11,959			11,940			11,664
Accumulated other comprehensive loss		(3,289	)		(3,949	)		(2,230	)		(1,227	)		(779	)
Common stock held in treasury at cost: 7, 9, 9, 11 and 12 shares		(450	)		(597	)		(675	)		(779	)		(829	)

Total shareholders’ equity		26,477			25,422			14,218			15,108			14,423
Noncontrolling interests		2,179			2,226			2,070			2,009			2,008

Total equity		28,656			27,648			16,288			17,117			16,431

Total liabilities and equity	$	286,422		$	291,081		$	145,610		$	142,771		$	139,991

Capital Ratios (d)
Tier 1 risk-based		10.2	%		9.7	%		8.2	%		8.2	%		7.7	%
Total risk-based		13.8			13.2			11.9			11.9			11.4
Leverage		8.9			17.5			7.2			7.3			6.8
Tangible common equity		3.3			2.9			3.6			4.3			4.7

(a)	Includes the impact of National City, which we acquired on December 31, 2008. In accordance with GAAP, the National City balances were reflected at fair value as of the acquisition date.

(b)	Amounts include items for which the Corporation has elected the fair value option under SFAS 159. Our first quarter 2009 Form 10-Q will include additional information regarding Consolidated Balance Sheet line items impacted by SFAS 159.

(c)	Par value less than $.5 million at each date.

(d)	The capital ratios as of March 31, 2009 are estimated.

Page 2

THE PNC FINANCIAL SERVICES GROUP, INC.

Average Consolidated Balance Sheet (Unaudited)


	*Three months ended*
*In millions*	March 31 2009 (a)			December 31 2008			September 30 2008			June 30 2008			March 31 2008
Assets
Interest-earning assets:
Investment securities
Securities available for sale
Residential mortgage-backed
Agency	$	23,065		$	11,994		$	10,744		$	8,631		$	8,611
Nonagency		13,140			11,963			12,180			12,182			11,895
Commercial mortgage-backed		4,252			5,428			5,863			5,838			5,538
Asset-backed		2,031			2,768			3,522			3,363			2,849
US Treasury and government agencies		1,222			32			32			47			90
State and municipal		1,334			1,070			798			773			411
Other debt		684			320			266			211			84
Corporate stocks and other		457			358			411			385			494

Total securities available for sale		46,185			33,933			33,816			31,430			29,972
Securities held to maturity (b)		3,402			1,596

Total investment securities		49,587			35,529			33,816			31,430			29,972
Loans
Commercial		67,232			33,062			31,356			31,091			29,538
Commercial real estate		25,622			9,582			9,560			9,340			8,986
Equipment lease financing		6,406			2,563			2,573			2,646			2,484
Consumer		52,618			21,645			20,984			20,558			18,897
Residential mortgage		21,921			8,597			8,875			9,193			9,411

Total loans		173,799			75,449			73,348			72,828			69,316
Loans held for sale		4,521			1,915			2,146			2,350			3,607
Federal funds sold and resale agreements		1,610			1,591			2,736			2,528			3,040
Other		14,728			3,135			3,700			4,068			5,384

Total interest-earning assets		244,245			117,619			115,746			113,204			111,319
Noninterest-earning assets:
Allowance for loan and lease losses		(4,095	)		(1,084	)		(1,012	)		(900	)		(852	)
Cash and due from banks		3,832			2,293			2,779			2,725			3,027
Other		36,870			24,281			25,486			26,363			27,061

Total assets	$	280,852		$	143,109		$	142,999		$	141,392		$	140,555


Supplemental Average Balance Sheet Information (Unaudited)

Trading Assets
Securities (c)	$	1,117		$	905		$	2,298		$	2,471		$	3,872
Resale agreements (d)		1,315			1,228			1,937			1,731			2,129
Financial derivatives (e)		5,404			2,937			1,775			2,028			2,808
Loans at fair value (e)		31			54			74			92			114

Total trading assets	$	7,867		$	5,124		$	6,084		$	6,322		$	8,923

(a)	Includes the impact of National City, which we acquired on December 31, 2008.

(b)	Primarily consists of commercial mortgage-backed and asset-backed securities.

(c)	Included in “Interest-earning assets-Other” and “Noninterest-earning assets-Other” above.

(d)	Included in “Federal funds sold and resale agreements” above.

(e)	Included in “Noninterest-earning assets-Other” above.

Page 3

THE PNC FINANCIAL SERVICES GROUP, INC.

Average Consolidated Balance Sheet (Unaudited) (Continued)


	*Three months ended*
*In millions*	March 31 2009 (a)		December 31 2008		September 30 2008		June 30 2008		March 31 2008
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing deposits
Money market	$	52,828	$	29,450	$	28,075	$	27,543	$	25,405
Demand		22,156		10,252		9,958		9,997		9,580
Savings		6,266		2,668		2,751		2,813		2,625
Retail certificates of deposit		57,970		16,767		16,456		16,791		16,556
Other time		10,670		4,798		4,393		4,686		3,813
Time deposits in foreign offices		3,832		4,748		5,141		4,112		6,026

Total interest-bearing deposits		153,722		68,683		66,774		65,942		64,005
Borrowed funds
Federal funds purchased and repurchase agreements		5,016		5,979		7,870		6,887		8,178
Federal Home Loan Bank borrowings		17,097		9,710		9,660		9,602		8,233
Bank notes and senior debt		13,384		5,120		5,772		6,621		6,754
Subordinated debt		10,439		5,090		5,088		5,132		4,649
Other		1,944		4,087		3,758		2,854		4,247

Total borrowed funds		47,880		29,986		32,148		31,096		32,061

Total interest-bearing liabilities		201,602		98,669		98,922		97,038		96,066
Noninterest-bearing liabilities and equity:
Demand and other noninterest-bearing deposits		38,489		18,809		18,193		18,045		17,564
Allowance for unfunded loan commitments and letters of credit		344		127		124		152		135
Accrued expenses and other liabilities		11,872		10,634		9,396		9,410		10,690
Equity		28,545		14,870		16,364		16,747		16,100

Total liabilities and equity	$	280,852	$	143,109	$	142,999	$	141,392	$	140,555


Supplemental Average Balance Sheet Information (Unaudited) (Continued)

Deposits and Common Shareholders’ Equity
Interest-bearing deposits	$	153,722	$	68,683	$	66,774	$	65,942	$	64,005
Demand and other noninterest-bearing deposits		38,489		18,809		18,193		18,045		17,564

Total deposits	$	192,211	$	87,492	$	84,967	$	83,987	$	81,569

Transaction deposits	$	113,473	$	58,511	$	56,226	$	55,585	$	52,549

Common shareholders’ equity	$	18,405	$	12,205	$	13,838	$	14,513	$	14,276

Trading Liabilities
Securities sold short (b)	$	396	$	530	$	1,370	$	1,157	$	2,127
Repurchase agreements and other borrowings (c)		888		318		609		691		661
Financial derivatives (d)		4,759		2,954		1,806		2,051		2,856
Borrowings at fair value (d)		4		11		20		25		30

Total trading liabilities	$	6,047	$	3,813	$	3,805	$	3,924	$	5,674

(a)	Includes the impact of National City, which we acquired on December 31, 2008.

(b)	Included in “Borrowed funds-Other” above.

(c)	Included in “Borrowed funds-Federal funds purchased and repurchase agreements” and “Borrowed funds-Other” above.

(d)	Included in “Accrued expenses and other liabilities” above.

Page 4

THE PNC FINANCIAL SERVICES GROUP, INC.

Details of Net Interest Margin (Unaudited)


	*Three months ended*
	March 31 2009 (b)		December 31 2008		September 30 2008		June 30 2008		March 31 2008
Net Interest Margin (a)
Average yields/rates
Yield on interest-earning assets
Loans	5.72	%	5.22	%	5.53	%	5.76	%	6.18	%
Investment securities	5.59		5.39		5.32		5.35		5.41
Other	2.10		4.43		4.85		5.04		4.88
Total yield on interest-earning assets	5.38		5.22		5.42		5.59		5.83
Rate on interest-bearing liabilities
Deposits	1.44		1.92		2.02		2.20		2.82
Borrowed funds	3.42		2.86		2.85		3.04		3.89
Total rate on interest-bearing liabilities	1.91		2.21		2.29		2.47		3.17

Interest rate spread	3.47		3.01		3.13		3.12		2.66
Impact of noninterest-bearing sources	.34		.36		.33		.35		.43

Net interest margin	3.81	%	3.37	%	3.46	%	3.47	%	3.09	%

(a)

Calculated as annualized taxable-equivalent net interest income divided by average earning assets. The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of yields and margins for all earning assets in calculating net interest margins, in this table we use net interest income 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. This adjustment is not permitted under GAAP in the Consolidated Income Statement. The taxable-equivalent adjustments to net interest income for the three months ended March 31, 2009, December 31, 2008, September 30, 2008, June 30, 2008, and March 31, 2008 were $15 million, $8 million, $9 million, $10 million, and $9 million, respectively.

(b)	Includes the impact of National City, which we acquired on December 31, 2008, including fair value yield and rate paid adjustments associated with purchase accounting.

Page 5

THE PNC FINANCIAL SERVICES GROUP, INC.

Selected Consolidated Income Statement Information, Net Securities Gains (Losses) and Trading Revenue (Unaudited)

SELECTED CONSOLIDATED INCOME STATEMENT INFORMATION


	*Three months ended*
*In millions*	March 31 2009 (d)			December 31 2008			March 31 2008
NONINTEREST INCOME
Residential mortgage servicing hedging gains	$	202
BlackRock LTIP shares adjustment (a)		103		$	177		$	40
Gains (losses) on commercial mortgage loans held for sale, net of hedges		(1	)		16			(166	)
Gain on sale of Hilliard Lyons (b)								114
Visa redemption gain								95
Gains (losses) on private equity and alternative investments		(122	)		(92	)		27

PROVISION FOR CREDIT LOSSES
Integration costs–National City (c)					504

NONINTEREST EXPENSE
Integration costs–National City		51			71
Integration costs–other		1			10			14
Visa indemnification liability					(3	)		(43	)

(a)

The first quarter of 2009 included a $98 million pretax gain from the mark-to-market adjustment related to our remaining BlackRock LTIP common shares obligation and resulted from the decrease in the market value of BlackRock common shares up to the February 27, 2009 restructuring of our ownership of BlackRock common and preferred equity. The comparable amounts for the fourth quarter of 2008 and first quarter of 2008 were pretax gains of $177 million and $37 million, respectively.

(b)	The impact of the gain was $23 million after taxes.

(c)	Conforming provision for credit losses.

NET SECURITIES GAINS (LOSSES)


	*Three months ended*
*In millions*	March 31 2009 (d)			December 31 2008			March 31 2008
Net other-than-temporary impairments	$	(149	)	$	(174	)
Net gains on sales of securities		56			2		$	41

Net securities gains (losses)	$	(93	)	$	(172	)	$	41

TRADING REVENUE


	*Three months ended*
*In millions*	March 31 2009 (d)			December 31 2008			March 31 2008
Net interest income	$	19		$	14		$	16
Noninterest income		(11	)		22			(76	)

Total trading revenue	$	8		$	36		$	(60	)


Securities underwriting and trading (e)	$	11		$	(14	)	$	(9	)
Foreign exchange		20			21			16
Financial derivatives		(23	)		29			(67	)

Total trading revenue	$	8		$	36		$	(60	)

(d)	Includes the impact of National City, which we acquired on December 31, 2008.

(e)	Includes changes in fair value for certain loans accounted for at fair value.

Page 6

THE PNC FINANCIAL SERVICES GROUP, INC.

Details of Loans (Unaudited)


*In millions*	March 31 2009 (b)		December 31 2008 (b)		September 30 2008		June 30 2008		March 31 2008
Commercial
Retail/wholesale	$	11,226	$	11,482	$	6,223	$	6,451	$	6,343
Manufacturing		12,796		13,263		5,793		5,438		5,279
Other service providers		8,674		9,038		4,037		3,793		3,677
Real estate related (a)		8,926		9,107		6,308		6,259		5,854
Financial services		5,050		5,194		1,730		1,585		1,521
Health care		3,079		3,201		1,683		1,685		1,630
Other		15,446		17,935		6,864		5,987		5,538

Total commercial		65,197		69,220		32,638		31,198		29,842

Commercial real estate
Real estate projects		16,830		17,176		6,617		6,534		6,444
Commercial mortgage		8,590		8,560		3,047		2,912		2,603

Total commercial real estate		25,420		25,736		9,664		9,446		9,047

Equipment lease financing		6,300		6,461		2,613		2,564		2,491

TOTAL COMMERCIAL LENDING		96,917		101,417		44,915		43,208		41,380

Consumer
Home equity
Lines of credit		24,112		24,024		7,619		7,280		6,893
Installment		12,934		14,252		7,273		7,455		7,422
Education		5,127		4,211		2,672		2,138		2,048
Automobile		1,737		1,667		1,606		1,590		1,533
Credit card and other unsecured lines of credit		3,148		3,163		511		474		441
Other		4,910		5,172		1,831		1,848		1,786

Total consumer		51,968		52,489		21,512		20,785		20,123

Residential real estate
Residential mortgage		19,661		18,783		8,356		8,604		8,821
Residential construction		2,827		2,800		401		443		478

Total residential real estate		22,488		21,583		8,757		9,047		9,299

TOTAL CONSUMER LENDING		74,456		74,072		30,269		29,832		29,422

Total	$	171,373	$	175,489	$	75,184	$	73,040	$	70,802


Details of Loans Held for Sale (Unaudited)
*In millions*	March 31 2009 (b)		December 31 2008 (b)		September 30 2008		June 30 2008		March 31 2008
Commercial mortgage	$	1,646	$	2,158	$	1,505	$	1,864	$	2,268
Residential mortgage		2,244		1,962		99		102		112
Other		155		246		318		322		136

Total	$	4,045	$	4,366	$	1,922	$	2,288	$	2,516

(a)	Includes loans to customers in the real estate and construction industries.

(b)	Includes the impact of National City, which we acquired on December 31, 2008.

Page 7

THE PNC FINANCIAL SERVICES GROUP, INC.

Allowances for Loan and Lease Losses and Unfunded Loan Commitments and Letters of Credit, and Net Unfunded Commitments (Unaudited)

Change in Allowance for Loan and Lease Losses


*Three months ended—in millions*	March 31 2009			December 31 2008			September 30 2008			June 30 2008			March 31 2008
Beginning balance	$	3,917		$	1,053		$	988		$	865		$	830
Charge-offs:
Commercial		(208	)		(109	)		(51	)		(71	)		(70	)
Commercial real estate		(107	)		(70	)		(60	)		(24	)		(11	)
Equipment lease financing		(23	)		(1	)		1			(2	)		(1	)
Consumer		(126	)		(43	)		(39	)		(33	)		(28	)
Residential real estate		(48	)		(4	)		(2	)

Total charge-offs		(512	)		(227	)		(151	)		(130	)		(110	)
Recoveries:
Commercial		16			13			21			11			8
Commercial real estate		5			3			4			3
Equipment lease financing		5									1
Consumer		27			4			4			3			4
Residential real estate		28

Total recoveries		81			20			29			18			12
Net charge-offs:
Commercial		(192	)		(96	)		(30	)		(60	)		(62	)
Commercial real estate		(102	)		(67	)		(56	)		(21	)		(11	)
Equipment lease financing		(18	)		(1	)		1			(1	)		(1	)
Consumer		(99	)		(39	)		(35	)		(30	)		(24	)
Residential real estate		(20	)		(4	)		(2	)

Total net charge-offs		(431	)		(207	)		(122	)		(112	)		(98	)
Provision for credit losses (a)		880			990			190			186			151
Acquired allowance—National City and Sterling		(83	)		2,224						20
Net change in allowance for unfunded loan commitments and letters of credit (b)		16			(143	)		(3	)		29			(18	)

Ending balance	$	4,299		$	3,917		$	1,053		$	988		$	865

Supplemental Information
Net charge-offs to average loans (For the three months ended)		1.01	%		1.09	%		.66	%		.62	%		.57	%
Allowance for loan and lease losses to total loans		2.51			2.23			1.40			1.35			1.22
Commercial lending net charge-offs	$	(312	)	$	(164	)	$	(85	)	$	(82	)	$	(74	)
Consumer lending net charge-offs		(119	)		(43	)		(37	)		(30	)		(24	)

Total net charge-offs	$	(431	)	$	(207	)	$	(122	)	$	(112	)	$	(98	)

Net charge-offs to average loans
Commercial lending		1.27	%		1.45	%		.78	%		.77	%		.73	%
Consumer lending		.65			.57			.49			.41			.34

(a)	Amounts include integration costs (conforming provision for credit losses) of $504 million in the fourth quarter of 2008 related to National City and $23 million in the second quarter of 2008 related to Sterling.

(b)	Fourth quarter of 2008 includes $154 million related to the National City conforming provision for credit losses.

Change in Allowance for Unfunded Loan Commitments and Letters of Credit


*Three months ended—in millions*	March 31 2009			December 31 2008		September 30 2008		June 30 2008			March 31 2008
Beginning balance	$	344		$	127	$	124	$	152		$	134
Acquired allowance—National City and Sterling					74				1
Net change in allowance for unfunded loan commitments and letters of credit		(16	)		143		3		(29	)		18

Ending balance	$	328		$	344	$	127	$	124		$	152


Net Unfunded Commitments
*In millions*	March 31 2009 (c)			December 31 2008 (c)		September 30 2008		June 30 2008			March 31 2008
Net unfunded commitments	$	102,821		$	104,888	$	57,094	$	51,558		$	52,426

(c)	Includes the impact of National City, which we acquired on December 31, 2008.

Page 8

THE PNC FINANCIAL SERVICES GROUP, INC.

Details of Nonperforming Assets (Unaudited)

Nonperforming Assets by Type


*In millions*	March 31 2009 (a)			December 31 2008 (a)			September 30 2008			June 30 2008			March 31 2008
Nonaccrual loans
Commercial
Retail/wholesale	$	149		$	88		$	72		$	58		$	32
Manufacturing		334			141			45			34			47
Other service providers		224			114			76			66			68
Real estate related (b)		226			151			92			70			63
Financial services		58			23			15			10			16
Health care		104			37			8			7			4
Other		119			22			5			8			8

Total commercial		1,214			576			313			253			238

Commercial real estate
Real estate projects		1,012			659			391			330			251
Commercial mortgage		200			107			49			35			22

Total commercial real estate		1,212			766			440			365			273

Equipment lease financing		121			97			3			4			3

TOTAL COMMERCIAL LENDING		2,547			1,439			756			622			514

Consumer
Home equity		75			66			22			21			18
Other		24			4			3			3			1

Total consumer		99			70			25			24			19
Residential real estate
Residential mortgage		299			139			60			48			37
Residential construction		15			14						1			1

Total residential real estate		314			153			60			49			38

TOTAL CONSUMER LENDING		413			223			85			73			57

Other		12

Total nonaccrual loans		2,960			1,662			841			695			571
Restructured loans														2

Total nonperforming loans		2,960			1,662			841			695			573
Foreclosed assets
Commercial lending		41			34			5			8			19
Consumer lending		465			469			29			30			23

Total foreclosed assets		506			503			34			38			42

Total nonperforming assets	$	3,466		$	2,165		$	875		$	733		$	615

Nonperforming loans to total loans		1.73	%		.95	%		1.12	%		.95	%		.81	%
Nonperforming assets to total loans and foreclosed assets		2.02			1.23			1.16			1.00			.87
Nonperforming assets to total assets		1.21			.74			.60			.51			.44
Allowance for loan and lease losses to nonperforming loans		145			236			125			142			151

(a)

Amounts at March 31, 2009 and December 31, 2008 include $1.518 billion and $722 million, respectively, of nonperforming assets related to National City, which excluded those loans that we impaired in accordance with AICPA Statement of Position 03-3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer.

(b)

Includes loans related to customers in the real estate and construction industries.

Page 9

THE PNC FINANCIAL SERVICES GROUP, INC.

Details of Nonperforming Assets (Unaudited) (Continued)

Change in Nonperforming Assets


*In millions*
January 1, 2009	$	2,165
Transferred in		1,760
Charge-offs/valuation adjustments		(277	)
Principal activity including payoffs		(142	)
Returned to performing		(20	)
Sales		(20	)

March 31, 2009	$	3,466

Largest Individual Nonperforming Assets at March 31, 2009 (a)


*In millions*
Ranking	Outstandings			Industry
1	$	65		Healthcare
2		36		Manufacturing
3		34		Construction
4		32		Mining
5		29		Manufacturing
6		26		Real estate rental and leasing
7		25		Real estate rental and leasing
8		25		Real estate rental and leasing
9		24		Real estate rental and leasing
10		24		Air transportation

Total	$	320

As a percent of total nonperforming assets		9	%

(a)	Amounts shown are not net of related allowance for loan and lease losses, if applicable.

Page 10

THE PNC FINANCIAL SERVICES GROUP, INC.

Business Segment Descriptions (Unaudited)

Beginning in the first quarter of 2009, we have three new reportable business segments as further described below: Asset Management Group, Residential Mortgage Banking, and Distressed Assets Portfolio. These new segments result from our December 31, 2008 acquisition of National City. In addition to these new segments, we continue to report our existing business segments: Retail Banking, Corporate & Institutional Banking, BlackRock and Global Investment Servicing. We have reclassified certain prior period amounts of our existing business segments to reflect the impact of the new segments and other changes to our business and management structure.

Retail Banking provides deposit, lending, brokerage, trust, investment management, and cash management services to consumer and small business customers within our primary geographic markets. Our customers are serviced through our branch network, the call center and the Internet. The branch network is located primarily in Pennsylvania, New Jersey, Washington, DC, Maryland, Virginia, Delaware, Ohio, Kentucky, Indiana, Illinois, Michigan, Missouri, Florida, and Wisconsin.

Corporate & Institutional Banking provides lending, treasury management, and capital markets-related products and services to mid-sized corporations, government entities, and selectively to large corporations. Lending products include secured and unsecured loans, letters of credit and equipment leases. Treasury management services include cash and investment management, receivables management, disbursement services, funds transfer services, information reporting, and global trade services. Capital markets-related products and services include foreign exchange, derivatives, loan syndications, mergers and acquisitions advisory and related services to middle-market companies, securities underwriting, and securities sales and trading. Corporate & Institutional Banking also provides commercial loan servicing, and real estate advisory and technology solutions for the commercial real estate finance industry. Corporate & Institutional Banking provides products and services generally within our primary geographic markets, with certain products and services provided nationally.

Asset Management Group includes personal wealth management for high net worth and ultra high net worth and institutional asset management clients. Personal wealth management products and services include customized investment management, financial planning, private banking, tailored credit solutions as well as trust management and administration for affluent individuals and families. Institutional asset management provides investment management, custody, and retirement planning services. The clients served include corporations, unions and charitable endowments and foundations, located primarily in our geographic footprint. This segment includes the asset management businesses acquired with National City and the legacy PNC wealth management business previously included in Retail Banking.

Residential Mortgage Banking directly originates first lien residential mortgage loans on a nationwide basis with a significant presence within the retail banking footprint and also originates loans through joint venture partners. Mortgage loans represent loans collateralized by one-to-four-family residential real estate and are made to borrowers in good credit standing. These loans are typically underwritten to third party standards and sold to primary mortgage market aggregators (Fannie Mae, Freddie Mac, Ginnie Mae, Federal Home Loan Banks and third-party investors) with servicing retained. The mortgage servicing operation performs all functions related to servicing first mortgage loans for various investors. Certain loans originated through our joint ventures are serviced by a joint venture partner.

Global Investment Servicing is a leading provider of processing, technology and business intelligence services to asset managers, broker-dealers, and financial advisors worldwide. Securities services include custody, securities lending, and accounting and administration for funds registered under the Investment Company Act of 1940 and alternative investments. Investor services include transfer agency, subaccounting, banking transaction services, and distribution. Financial advisor services include managed accounts and information management. This business segment services shareholder accounts both domestically and internationally. International locations include Ireland, Poland and Luxembourg.

BlackRock is one of the largest publicly traded investment management firms in the United States. BlackRock manages assets on behalf of institutional and individual investors worldwide through a variety of fixed income, cash management, equity and balanced and alternative investment separate accounts and funds. In addition, BlackRock provides risk management, investment system outsourcing and financial advisory services globally to institutional investors. At March 31, 2009, our share of BlackRock’s earnings was approximately 31.5%.

Distressed Assets Portfolio includes residential real estate development loans, cross-border leases, subprime residential mortgage loans, brokered home equity loans and certain other residential real estate loans. These loans require special servicing and management oversight given current market conditions. The majority of these loans are from acquisitions, primarily National City.

Page 11

THE PNC FINANCIAL SERVICES GROUP, INC.

Summary of Business Segment Earnings and Revenue (Unaudited) (a) (b)


	*Three months ended*
*In millions*	March 31 2009 (c)			December 31 2008			September 30 2008		June 30 2008		March 31 2008
Earnings (Loss)
Retail Banking	$	56		$	69		$	36	$	81	$	137
Corporate & Institutional Banking		374			(54	)		89		159		25
Asset Management Group		38			22			27		34		37
Residential Mortgage Banking		226
Global Investment Servicing		10			25			34		33		30
Distressed Assets Portfolio		23
Other, including BlackRock (b) (d) (e)		(197	)		(308	)		73		210		155

Total consolidated net income (loss)	$	530		$	(246	)	$	259	$	517	$	384


Revenue
Retail Banking	$	1,445		$	668		$	661	$	659	$	741
Corporate & Institutional Banking		1,314			530			440		566		315
Asset Management Group		255			129			142		147		145
Residential Mortgage Banking		527
Global Investment Servicing (f)		190			214			237		237		228
Distressed Assets Portfolio		377
Other, including BlackRock (b) (d)		(237	)		135			174		430		392

Total consolidated revenue	$	3,871		$	1,676		$	1,654	$	2,039	$	1,821

(a)

Our business information is presented based on our management accounting practices and our management structure. We refine our methodologies from time to time as our management accounting practices are enhanced and our businesses and management structure change. See page 11 regarding changes to our business segments in the first quarter of 2009.

(b)	We consider BlackRock to be a separate reportable business segment but have combined its results with Other for this presentation. Our first quarter 2009 Form 10-Q will include additional information regarding BlackRock.

(c)	Includes the impact of National City, which we acquired on December 31, 2008.

(d)

Includes earnings and gains or losses related to PNC’s equity interest in BlackRock and those related to Hilliard Lyons prior to its March 31, 2008 sale, integration costs, asset and liability management activities including net securities gains or losses and certain trading activities, equity management activities, differences between business segment performance reporting and financial statement reporting under generally accepted accounting principles (GAAP), corporate overhead and intercompany eliminations.

(e)	The $504 million conforming provision for credit losses related to the National City acquisition was included in this business segment for the fourth quarter of 2008.

(f)	Global Investment Servicing revenue represents the sum of servicing revenue and nonoperating income (expense) less debt financing costs.


	March 31 2009 (g)	December 31 2008 (g)	September 30 2008	June 30 2008	March 31 2008
Period-end Employees
Full-time employees
Retail Banking	22,415	9,304	9,160	9,450	8,867
Corporate & Institutional Banking	4,479	2,294	2,305	2,310	2,218
Asset Management Group	3,216	1,849	1,835	1,853	1,777
Residential Mortgage Banking	3,819
Global Investment Servicing	4,732	4,934	4,969	4,946	4,865
Distressed Assets Portfolio	124
Other
Operations & Technology	9,243	4,491	4,452	4,572	4,394
Staff Services and other	3,830	2,441	2,502	2,536	2,371

Total Other	13,073	6,932	6,954	7,108	6,765

Total full-time employees	51,858	25,313	25,223	25,667	24,492

Retail Banking part-time employees	5,376	2,347	2,340	2,352	2,304
Other part-time employees	1,561	561	566	586	539

Total part-time employees	6,937	2,908	2,906	2,938	2,843

Total National City legacy employees (a)		31,374

Total	58,795	59,595	28,129	28,605	27,335

The period-end employee statistics disclosed for each PNC legacy business reflect staff directly employed by the respective business and exclude operations, technology and staff services employees. Sterling legacy employees are included in the Retail Banking, Corporate & Institutional Banking and Other businesses at March 31, 2009, December 31, 2008, September 30, 2008 and June 30, 2008. Global Investment Servicing statistics are presented on a legal entity basis.

(g)	National City’s legacy employees are included in the aggregate at December 31, 2008 but are included in the individual business segments as appropriate at March 31, 2009.

Page 12

THE PNC FINANCIAL SERVICES GROUP, INC.

Retail Banking (Unaudited) (a)


	*Three months ended*
*Dollars in millions*	March 31 2009 (b)			December 31 2008			September 30 2008			June 30 2008			March 31 2008
INCOME STATEMENT
Net interest income	$	928		$	398		$	394		$	395		$	405
Noninterest income
Service charges on deposits		219			98			93			89			79
Brokerage		61			39			41			37			35
Consumer services		208			105			106			106			99
Other		29			28			27			32			123

Total noninterest income		517			270			267			264			336

Total revenue		1,445			668			661			659			741
Provision for credit losses		303			88			134			72			94
Noninterest expense		1,063			463			462			452			422

Pretax earnings		79			117			65			135			225
Income taxes		23			48			29			54			88

Earnings	$	56		$	69		$	36		$	81		$	137

AVERAGE BALANCE SHEET
Loans
Consumer
Home equity	$	27,631		$	13,430		$	13,320		$	13,241		$	13,056
Indirect		4,119			2,070			2,034			2,071			2,026
Education		4,882			2,756			2,348			2,088			844
Credit cards		2,113			304			269			245			239
Other		1,858			473			473			481			446

Total consumer		40,603			19,033			18,444			18,126			16,611
Commercial and commercial real estate		12,923			5,039			5,103			5,031			5,349
Floor plan		1,510			994			919			1,039			1,017
Residential mortgage		2,252			1,914			1,995			2,074			2,132

Total loans		57,288			26,980			26,461			26,270			25,109
Goodwill and other intangible assets		5,807			5,328			5,335			5,208			4,894
Other assets		3,263			1,296			1,384			1,301			2,601

Total assets	$	66,358		$	33,604		$	33,180		$	32,779		$	32,604

Deposits
Noninterest-bearing demand	$	15,819		$	9,075		$	9,390		$	9,374		$	8,922
Interest-bearing demand		17,900			8,195			8,116			8,181			7,800
Money market		38,730			18,635			17,475			16,905			15,846

Total transaction deposits		72,449			35,905			34,981			34,460			32,568
Savings		6,461			2,637			2,719			2,775			2,593
Certificates of deposit		56,355			15,820			15,558			15,992			15,832

Total deposits		135,265			54,362			53,258			53,227			50,993
Other liabilities		1,651			362			400			366			410
Capital		8,415			3,420			3,354			3,350			3,213

Total funds	$	145,331		$	58,144		$	57,012		$	56,943		$	54,616

PERFORMANCE RATIOS
Return on average capital		3	%		8	%		4	%		10	%		17	%
Noninterest income to total revenue		36			40			40			40			45
Efficiency		74			69			70			69			57

(a)	See note (a) on page 12. Certain prior period amounts have been reclassified to reflect the impact of our new business segments and other changes in our business and management structure.

(b)	Includes the impact of National City, which we acquired on December 31, 2008.

Page 13

THE PNC FINANCIAL SERVICES GROUP, INC.

Retail Banking (Unaudited) (Continued)


	*Three months ended*
*Dollars in millions, except as noted*	March 31 2009 (a)			December 31 2008			September 30 2008			June 30 2008			March 31 2008
OTHER INFORMATION (b)
Credit-related statistics:
Commercial nonperforming assets	$	194		$	122		$	131		$	121		$	94
Consumer nonperforming assets		86			68			48			42			37

Total nonperforming assets	$	280		$	190		$	179		$	163		$	131


Commercial net charge-offs	$	83		$	48		$	17		$	31		$	43
Consumer net charge-offs		124			36			32			28			22

Total net charge-offs	$	207		$	84		$	49		$	59		$	65


Commercial annualized net charge-off ratio		2.33	%		3.17	%		1.12	%		2.05	%		2.72	%
Consumer annualized net charge-off ratio		1.17	%		.68	%		.62	%		.56	%		.47	%
Total annualized net charge-off ratio		1.47	%		1.24	%		.74	%		.90	%		1.04	%

Other statistics:
ATMs		6,402			4,041			4,018			4,015			3,903
Branches (c)		2,585			1,141			1,135			1,146			1,089

Home equity portfolio credit statistics:
% of first lien positions (d)		25	%		37	%		38	%		38	%		38	%
Weighted average loan-to-value ratios (d)		74	%		73	%		73	%		72	%		72	%
Weighted average FICO scores (e)		727			726			726			725			724
Annualized net charge-off ratio		.34	%		.58	%		.54	%		.50	%		.34	%
Loans 90 days past due		.65	%		.62	%		.49	%		.49	%		.45	%

Checking-related statistics:
Retail Banking checking relationships (f)		5,134,000			2,402,000			2,400,000			2,296,000			2,274,000

Brokerage statistics:
Financial consultants (g)		658			414			402			394			387
Full service brokerage offices		43			23			23			24			24
Brokerage account assets (billions)	$	26		$	15		$	16		$	18		$	18

Managed credit card loans:
Loans held in portfolio	$	2,104		$	330		$	286		$	255		$	239
Loans securitized		1,824

Total managed credit card loans	$	3,928		$	330		$	286		$	255		$	239

Net charge-offs:
Securitized credit card loans	$	31
Managed credit card loans	$	79		$	3		$	3		$	2		$	2

Net charge-offs as % of average loans (annualized):
Securitized credit card loans		6.89	%
Managed credit cad loans		8.15	%		3.93	%		4.44	%		3.28	%		3.37	%

(a)	Includes the impact of National City, which we acquired on December 31, 2008.

(b)	Presented as of period-end, except for net charge-offs and annualized net charge-off ratios, which are for the three months ended.

(c)	Excludes certain satellite branches that provide limited products and/or services.

(d)	Includes loans from acquired portfolios for which lien position and loan-to-value information was limited.

(e)	Represents the most recent FICO scores we have on file.

(f)	Amounts as of March 31, 2009 include the impact of National City prior to application system conversions. These amounts may be refined subsequent to system conversions.

(g)	Financial consultants provide services in full service brokerage offices and PNC traditional branches.

Page 14

THE PNC FINANCIAL SERVICES GROUP, INC.

Corporate & Institutional Banking (Unaudited) (a)


	*Three months ended*
*Dollars in millions, except as noted*	March 31 2009 (b)			December 31 2008			September 30 2008			June 30 2008			March 31 2008
INCOME STATEMENT
Net interest income	$	1,040		$	364		$	322		$	324		$	304
Noninterest income
Corporate service fees		219			127			169			154			133
Other		55			39			(51	)		88			(122	)

Noninterest income		274			166			118			242			11

Total revenue		1,314			530			440			566			315
Provision for credit losses		285			381			51			87			56
Noninterest expense		454			253			267			239			245

Pretax earnings (loss)		575			(104	)		122			240			14
Income taxes (benefit)		201			(50	)		33			81			(11	)

Earnings (loss)	$	374		$	(54	)	$	89		$	159		$	25

AVERAGE BALANCE SHEET
Loans
Corporate (c)	$	52,510		$	23,271		$	22,149		$	21,929		$	20,315
Commercial real estate		15,593			6,043			5,767			5,381			5,138
Commercial—real estate related		4,267			3,233			3,085			3,029			2,845
Asset-based lending		7,025			5,556			5,321			5,241			4,974

Total loans (c)		79,395			38,103			36,322			35,580			33,272
Goodwill and other intangible assets		3,376			3,210			3,172			3,151			3,061
Loans held for sale		1,712			1,701			1,897			2,204			2,418
Other assets		8,565			6,999			5,963			5,928			6,269

Total assets	$	93,048		$	50,013		$	47,354		$	46,863		$	45,020

Deposits
Noninterest-bearing demand	$	17,571		$	9,144		$	8,224		$	8,082		$	8,165
Money market		8,118			6,059			5,905			5,843			5,459
Other		7,415			3,583			3,151			2,960			2,815

Total deposits		33,104			18,786			17,280			16,885			16,439
Other liabilities		11,263			6,101			5,094			4,848			5,599
Capital		6,169			3,388			3,188			2,857			2,911

Total funds	$	50,536		$	28,275		$	25,562		$	24,590		$	24,949

PERFORMANCE RATIOS
Return on average capital		25	%		(6	)%		6	%		7	%		1	%
Noninterest income to total revenue		21			31			27			43			3
Efficiency		35			48			61			42			78

COMMERCIAL MORTGAGE
SERVICING PORTFOLIO (in billions)
Beginning of period	$	249		$	247		$	248		$	244		$	243
Acquisitions/additions		26			7			7			11			5
Repayments/transfers		(6	)		(5	)		(8	)		(7	)		(4	)

End of period	$	269		$	249		$	247		$	248		$	244

OTHER INFORMATION
Consolidated revenue from: (d)
Treasury Management	$	275		$	149		$	141		$	137		$	137
Capital Markets	$	43		$	76		$	80		$	104		$	76
Commercial mortgage sales, securitizations and valuations (e)	$	22		$	35		$	(56	)	$	49		$	(143	)
Commercial mortgage loan servicing (f)		72			19			55			56			49

Commercial mortgage banking activities	$	94		$	54		$	(1	)	$	105		$	(94	)
Total loans (g)	$	77,485		$	28,996		$	28,232		$	26,075		$	24,981
Nonperforming assets (g)	$	1,812		$	1,173		$	640		$	516		$	440
Net charge-offs	$	169		$	116		$	69		$	51		$	32
Net carrying amount of commercial mortgage servicing rights (g)	$	874		$	654		$	698		$	681		$	678

(a)	See note (a) on page 12. Certain prior period amounts have been reclassified to reflect the impact of our new business segments and other changes in our business and management structure.

(b)	Includes the impact of National City, which we acquired on December 31, 2008.

(c)	Includes lease financing.

(d)	Represents consolidated PNC amounts.

(e)	Includes valuations on commercial mortgage loans held for sale and related commitments, derivative valuations, origination fees, gains on sale of loans held for sale and net interest income on loans held for sale.

(f)	Includes net interest income and noninterest income from loan servicing and ancillary services.

(g)	Presented as of period end. Amounts at December 31, 2008 do not include the impact of National City.

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THE PNC FINANCIAL SERVICES GROUP, INC.

Asset Management Group (Unaudited) (a)


	*Three months ended*
*Dollars in millions, except as noted*	March 31 2009 (b)			December 31 2008			September 30 2008			June 30 2008			March 31 2008
INCOME STATEMENT
Net interest income	$	100		$	36		$	32		$	31		$	32
Noninterest income		155			93			110			116			113

Total revenue		255			129			142			147			145
Provision for credit losses		17			4						1			1
Noninterest expense		171			89			100			91			85

Pretax earnings		67			36			42			55			59
Income taxes		29			14			15			21			22

Earnings	$	38		$	22		$	27		$	34		$	37

AVERAGE BALANCE SHEET
Loans
Consumer	$	3,852		$	2,289		$	2,208		$	2,088		$	1,956
Commercial and commercial real estate		1,752			588			582			608			532
Residential mortgage		1,151			64			66			67			65

Total loans		6,755			2,941			2,856			2,763			2,553
Goodwill and other intangible assets		404			33			40			41			42
Other assets		246			165			194			175			200

Total assets	$	7,405		$	3,139		$	3,090		$	2,979		$	2,795

Deposits
Noninterest-bearing demand	$	1,261		$	788		$	1,038		$	755		$	851
Interest-bearing demand		1,543			728			661			724			688
Money market		3,327			2,123			1,942			1,898			1,453

Total transaction deposits		6,131			3,639			3,641			3,377			2,992
Certificates of deposit and other		1,292			684			746			456			468

Total deposits		7,423			4,323			4,387			3,833			3,460
Other liabilities		173			10			12			9			17
Capital		867			271			271			268			208

Total funds	$	8,463		$	4,604		$	4,670		$	4,110		$	3,685

PERFORMANCE RATIOS
Return on average capital		18	%		32	%		40	%		51	%		72	%
Noninterest income to total revenue		61			72			77			79			78
Efficiency		67			69			70			62			59

OTHER INFORMATION
Total nonperforming assets (c)	$	68		$	5		$	3		$	3		$	5
Total net charge-offs	$	11					$	1					$	1

ASSETS UNDER ADMINISTRATION (in billions) (c) (d)

Assets under management
Personal	$	59		$	38		$	44		$	46		$	46
Institutional		37			19			20			21			20

Total	$	96		$	57		$	64		$	67		$	66

Asset Type
Equity	$	38		$	26		$	34		$	36		$	36
Fixed income		32			19			18			18			17
Liquidity/Other		26			12			12			13			13

Total	$	96		$	57		$	64		$	67		$	66

Nondiscretionary assets under administration
Personal	$	26		$	23		$	28		$	29		$	30
Institutional		94			64			77			81			80

Total	$	120		$	87		$	105		$	110		$	110

Asset Type
Equity	$	41		$	34		$	43		$	47		$	46
Fixed income		25			19			25			26			26
Liquidity/Other		54			34			37			37			38

Total	$	120		$	87		$	105		$	110		$	110

(a)	See note (a) on page 12. Prior period amounts reflect the legacy PNC wealth management business previously included in Retail Banking.

(b)	Includes the impact of National City, which we acquired on December 31, 2008.

(c)	As of period-end.

(d)	Excludes brokerage account assets.

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THE PNC FINANCIAL SERVICES GROUP, INC.

Residential Mortgage Banking (Unaudited) (a)


*Dollars in millions, except as noted* *Three months ended*	March 31 2009
INCOME STATEMENT
Net interest income	$	87
Noninterest income
Loan servicing revenue		261
Loan sales revenue		175
Other		4

Total noninterest income		440

Total revenue		527
Provision for (recoveries of) credit losses		(9	)
Noninterest expense		173

Pretax earnings		363
Income taxes		137

Earnings	$	226

AVERAGE BALANCE SHEET
Portfolio loans	$	1,429
Loans held for sale		2,693
Mortgage servicing rights		1,164
Other assets		1,922

Total assets	$	7,208

Deposits and other borrowings	$	4,761
Other liabilities		1,566
Capital		1,492

Total available funds	$	7,819

PERFORMANCE RATIOS
Return on average capital		61	%
Efficiency		33	%

OTHER INFORMATION
Servicing portfolio for others (in billions) (b)	$	168
Fixed rate		87	%
Adjustable rate/balloon		13	%
Weighted average interest rate		5.99	%
MSR capitalized value (in billions)	$	1.0
MSR capitalization value (in basis points)		62
Weighted average servicing fee (in basis points)		30
Net MSR hedging gains	$	202
Loan origination volume (in billions)	$	6.9
Percentage of originations represented by:
Agency and government programs		97	%
Purchased volume		17	%

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

(b)	As of March 31, 2009.

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THE PNC FINANCIAL SERVICES GROUP, INC.

Global Investment Servicing (Unaudited) (a)


	*Three months ended*
*Dollars in millions, except as noted*	March 31 2009			December 31 2008			September 30 2008			June 30 2008			March 31 2008
INCOME STATEMENT
Servicing revenue	$	205		$	222		$	243		$	244		$	238
Operating expense		175			174			187			186			181

Operating income		30			48			56			58			57
Debt financing		5			8			7			8			11
Nonoperating income (b)		(10	)					1			1			1

Pretax earnings		15			40			50			51			47
Income taxes		5			15			16			18			17

Earnings	$	10		$	25		$	34		$	33		$	30

PERIOD-END BALANCE SHEET
Goodwill and other intangible assets	$	1,297		$	1,301		$	1,306		$	1,305		$	1,311
Other assets		1,182			3,977			3,195			1,301			1,388

Total assets	$	2,479		$	5,278		$	4,501		$	2,606		$	2,699

Debt financing	$	825		$	850		$	885		$	935		$	986
Other liabilities		959			3,737			2,927			1,005			1,070
Shareholder’s equity		695			691			689			666			643

Total funds	$	2,479		$	5,278		$	4,501		$	2,606		$	2,699

PERFORMANCE RATIOS
Return on average equity		6	%		14	%		20	%		20	%		19	%
Operating margin (c)		15			22			23			24			24

SERVICING STATISTICS (at period end)
Accounting/administration net fund assets (in billions)(d)
Domestic	$	645		$	764		$	806		$	862		$	875
Offshore		67			75			101			126			125

Total	$	712		$	839		$	907		$	988		$	1,000

Asset type (in billions)(d)
Money market	$	345		$	431		$	387		$	400		$	413
Equity		199			227			308			358			358
Fixed income		99			103			116			126			128
Other		69			78			96			104			101

Total	$	712		$	839		$	907		$	988		$	1,000

Custody fund assets (in billions)	$	361		$	379		$	415		$	471		$	476

Shareholder accounts (in millions)
Transfer agency		13			14			17			19			19
Subaccounting		62			58			56			55			57

Total		75			72			73			74			76

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

(b)	Net of nonoperating expense.

(c)	Total operating income divided by servicing revenue.

(d)	Includes alternative investment net assets serviced.

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THE PNC FINANCIAL SERVICES GROUP, INC.

Distressed Assets Portfolio (Unaudited) (a)


*Dollars in millions, except as noted* *Three months ended*	March 31 2009
INCOME STATEMENT
Net interest income	$	364
Noninterest income		13

Total revenue		377
Provision for credit losses		259
Noninterest expense		80

Pretax earnings		38
Income taxes		15

Earnings	$	23

AVERAGE BALANCE SHEET
Commercial lending:
Commercial	$	197
Commercial real estate
Real estate projects		3,265
Commercial mortgage		127
Equipment lease financing		858

Total commercial lending		4,447
Consumer lending:
Consumer:
Home equity lines of credit		5,312
Home equity installment loans		2,530
Other consumer		7

Total consumer		7,849
Residential real estate:
Residential mortgage		6,118
Residential construction		4,894

Total residential real estate		11,012

Total consumer lending		18,861

Total portfolio loans	$	23,308

Deposits	$	45
Other liabilities		264
Capital		2,592

Total funds	$	2,901

OTHER INFORMATION
Nonperforming assets (b)	$	933
Impaired loans (in billions) (b)	$	8.5
Net charge-offs	$	51
Net charge-offs as a percentage of portfolio loans (annualized)		.89	%
Total loans (in billions) (b)	$	22.2

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

(b)	As of March 31, 2009.

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THE PNC FINANCIAL SERVICES GROUP, INC.

Glossary of Terms

Accounting/administration net fund assets—Net domestic and foreign fund investment assets for which we provide accounting and administration services. We do not include these assets on our Consolidated Balance Sheet.

Adjusted average total assets—Primarily comprised of total average quarterly (or annual) assets plus (less) unrealized losses (gains) on investment securities, less goodwill and certain other intangible assets (net of eligible deferred taxes).

Annualized—Adjusted to reflect a full year of activity.

Assets under management—Assets over which we have sole or shared investment authority for our customers/clients. We do not include these assets on our Consolidated Balance Sheet.

Basis point—One hundredth of a percentage point.

Charge-off—Process of removing a loan or portion of a loan from our balance sheet because it is considered uncollectible. We also record a charge-off when a loan is transferred to held for sale by reducing the carrying amount by the allowance for loan losses associated with such loan or, if the market value is less than its carrying amount, by the amount of that difference.

Common shareholders’ equity to total assets—Common shareholders’ equity divided by total assets. Common shareholders’ equity equals total shareholders’ equity less the liquidation value of preferred stock.

Credit spread—The difference in yield between debt issues of similar maturity. The excess of yield attributable to credit spread is often used as a measure of relative creditworthiness, with a reduction in the credit spread reflecting an improvement in the borrower’s perceived creditworthiness.

Custody assets—Investment assets held on behalf of clients under safekeeping arrangements. We do not include these assets on our Consolidated Balance Sheet. Investment assets held in custody at other institutions on our behalf are included in the appropriate asset categories on the Consolidated Balance Sheet as if physically held by us.

Derivatives—Financial contracts whose value is derived from publicly traded securities, interest rates, currency exchange rates or market indices. Derivatives cover a wide assortment of financial contracts, including forward contracts, futures, options and swaps.

Distressed loan portfolio—Includes residential real estate development loans, cross-border leases, subprime residential mortgage loans, brokered home equity loans and certain other residential real estate loans. These loans require special servicing and management oversight given current market conditions. The majority of these loans are from acquisitions, primarily National City.

Duration of equity—An estimate of the rate sensitivity of our economic value of equity. A negative duration of equity is associated with asset sensitivity (i.e., positioned for rising interest rates), while a positive value implies liability sensitivity (i.e., positioned for declining interest rates). For example, if the duration of equity is +1.5 years, the economic value of equity declines by 1.5% for each 100 basis point increase in interest rates.

Earning assets—Assets that generate income, which include: federal funds sold; resale agreements; trading securities; interest-earning deposits with banks; other short-term investments; loans held for sale; loans; investment securities; and certain other assets.

Economic capital—Represents the amount of resources that a business segment should hold to guard against potentially large losses that could cause insolvency. It is based on a measurement of economic risk, as opposed to risk as defined by regulatory bodies. The economic capital measurement process involves converting a risk distribution to the capital that is required to support the risk, consistent with our target credit rating. As such, economic risk serves as a “common currency” of risk that allows us to compare different risks on a similar basis.

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THE PNC FINANCIAL SERVICES GROUP, INC.

Effective duration—A measurement, expressed in years, that, when multiplied by a change in interest rates, would approximate the percentage change in value of on- and off- balance sheet positions.

Efficiency—Noninterest expense divided by the sum of net interest income (GAAP basis) and noninterest income.

Fair value—The price that would be received to sell an asset or the price that would be paid to transfer a liability on the measurement date using the principal or most advantageous market for the asset or liability in an orderly transaction between willing market participants.

Funds transfer pricing—A management accounting methodology designed to recognize the net interest income effects of sources and uses of funds provided by the assets and liabilities of a business segment. We assign these balances LIBOR-based funding rates at origination that represent the interest cost for us to raise/invest funds with similar maturity and repricing structures.

Futures and forward contracts—Contracts in which the buyer agrees to purchase and the seller agrees to deliver a specific financial instrument at a predetermined price or yield. May be settled either in cash or by delivery of the underlying financial instrument.

GAAP—Accounting principles generally accepted in the United States of America.

Impaired loans—Acquired loans determined to be credit impaired under AICPA Statement of Position 03-3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer. Loans are determined to be impaired if there is evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected.

Investment securities—Collectively, securities available for sale and securities held to maturity.

Leverage ratio—Tier 1 risk-based capital divided by adjusted average total assets.

LIBOR—Acronym for London InterBank Offered Rate. LIBOR is the average interest rate charged when banks in the London wholesale money market (or interbank market) borrow unsecured funds from each other. LIBOR rates are used as a benchmark for interest rates on a global basis.

Net interest income from loans and deposits—A management accounting assessment, using funds transfer pricing methodology, of the net interest contribution from loans and deposits.

Net interest margin—Annualized taxable-equivalent net interest income divided by average earning assets.

Nondiscretionary assets under administration—Assets we hold for our customers/clients in a non-discretionary, custodial capacity. We do not include these assets on our Consolidated Balance Sheet.

Noninterest income to total revenue—Noninterest income divided by the sum of net interest income (GAAP basis) and noninterest income.

Nonperforming assets—Nonperforming assets include nonaccrual loans, troubled debt restructured loans, foreclosed assets and other assets. We do not accrue interest income on assets classified as nonperforming.

Nonperforming loans—Nonperforming loans include loans to commercial, commercial real estate, equipment lease financing, consumer, and residential mortgage customers and construction customers as well as troubled debt restructured loans. Nonperforming loans do not include loans held for sale or foreclosed and other assets. We do not accrue interest income on loans classified as nonperforming.

Notional amount—A number of currency units, shares, or other units specified in a derivatives contract.

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THE PNC FINANCIAL SERVICES GROUP, INC.

Operating leverage—The period to period dollar or percentage change in total revenue (GAAP basis) less the dollar or percentage change in noninterest expense. A positive variance indicates that revenue growth exceeded expense growth (i.e., positive operating leverage) while a negative variance implies expense growth exceeded revenue growth (i.e., negative operating leverage).

Other-than-temporary impairment—When the fair value of a debt security is less than its amortized cost basis, an assessment is performed to determine whether the impairment is other-than-temporary. If we intend to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis less any current-period credit loss, an other-than-temporary impairment is considered to have occurred. In such cases, an other-than-temporary impairment is recognized in earnings equal to the entire difference between the investment’s amortized cost basis and its fair value at the balance sheet date. Further, if we do not expect to recover the entire amortized cost of the security, an other-than-temporary impairment is considered to have occurred. However, if we do not intend to sell the security and it is not more likely that we will be required to sell the security before its recovery, the other-than-temporary loss is separated into (a) the amount representing the credit loss, and (b) the amount related to all other factors. The other-than-temporary impairment related to credit losses is recognized in earnings while the amount related to all other factors is recognized in other comprehensive income, net of tax.

Pre-tax pre-provision earnings—Total revenue less noninterest expense.

Recovery—Cash proceeds received on a loan that we had previously charged off. We credit the amount received to the allowance for loan and lease losses.

Residential development loans—Project-specific loans to commercial customers for the construction or development of residential real estate including land, single family homes, condominiums and other residential properties. This would exclude loans to commercial customers where proceeds are for general corporate purposes whether or not such facilities are secured.

Return on average assets—Annualized net income divided by average assets.

Return on average capital—Annualized net income divided by average capital.

Return on average common shareholders’ equity—Annualized net income less preferred stock dividends divided by average common shareholders’ equity.

Return on average tangible common shareholders’ equity—Annualized net income less preferred stock dividends divided by average common shareholders’ equity less goodwill and other intangible assets (net of deferred taxes for both taxable and nontaxable combinations), and excluding mortgage servicing rights.

Risk-weighted assets—Primarily computed by the assignment of specific risk-weights (as defined by the Board of Governors of the Federal Reserve System) to assets and off-balance sheet instruments.

Securitization—The process of legally transforming financial assets into securities.

Servicing rights—An intangible asset or liability created by an obligation to service assets for others. Typical servicing rights include the right to receive a fee for collecting and forwarding payments on loans and related taxes and insurance premiums held in escrow.

Tangible common equity ratio—Period-end common shareholders’ equity less goodwill and other intangible assets (net of deferred taxes), and excluding mortgage servicing rights, divided by period-end assets less goodwill and other intangible assets (net of deferred taxes), and excluding mortgage servicing rights.

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THE PNC FINANCIAL SERVICES GROUP, INC.

Taxable-equivalent interest—The interest income earned on certain assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of yields and margins for all interest-earning assets, we use interest income on a taxable-equivalent basis in calculating average yields and net interest margins by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on other taxable investments. This adjustment is not permitted under GAAP on the Consolidated Income Statement.

Tier 1 risk-based capital—Tier 1 risk-based capital equals: total shareholders’ equity, plus trust preferred capital securities, plus certain noncontrolling interests that are held by others; less goodwill and certain other intangible assets (net of eligible deferred taxes relating to taxable and nontaxable combinations), less equity investments in nonfinancial companies less ineligible servicing assets and less net unrealized holding losses on available for sale equity securities. Net unrealized holding gains on available for sale equity securities, net unrealized holding gains (losses) on available for sale debt securities and net unrealized holding gains (losses) on cash flow hedge derivatives are excluded from total shareholders’ equity for Tier 1 risk-based capital purposes.

Tier 1 risk-based capital ratio—Tier 1 risk-based capital divided by period-end risk-weighted assets.

Total fund assets serviced—Total domestic and offshore fund investment assets for which we provide related processing services. We do not include these assets on our Consolidated Balance Sheet.

Total risk-based capital—Tier 1 risk-based capital plus qualifying subordinated debt and trust preferred securities, other noncontrolling interest not qualified as Tier 1, eligible gains on available for sale equity securities and the allowance for loan and lease losses, subject to certain limitations.

Total risk-based capital ratio—Total risk-based capital divided by period-end risk-weighted assets.

Transaction deposits—The sum of money market and interest-bearing demand deposits and demand and other noninterest-bearing deposits.

Yield curve—A graph showing the relationship between the yields on financial instruments or market indices of the same credit quality with different maturities. For example, a “normal” or “positive” yield curve exists when long-term bonds have higher yields than short-term bonds. A “flat” yield curve exists when yields are the same for short-term and long-term bonds. A “steep” yield curve exists when yields on long-term bonds are significantly higher than on short-term bonds. An “inverted” or “negative” yield curve exists when short-term bonds have higher yields than long-term bonds.

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