The PNC Financial Services Group, Inc.
Citigroup Financial Services Conference
March 11, 2010
Exhibit 99.1
*
*
*
*
*
*
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*

2
Cautionary Statement Regarding Forward-Looking
Information and Adjusted Information
This presentation includes “snapshot”
information about PNC used by way of illustration.  It is not intended as a full business or financial review and
should be viewed in the context of all of the information made available by PNC in its SEC filings.  The presentation also contains forward-looking
statements regarding our outlook or expectations relating to PNC’s future business, operations, financial condition, financial performance, capital and
liquidity levels, 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
some
of
these
factors
in
our
most
recent
Form
10-K,
including
in
the
Risk
Factors
and Risk Management sections of that report, and in our subsequent SEC filings (accessible on the SEC’s website at www.sec.gov and on or through
our corporate website at www.pnc.com/secfilings).  We have included web addresses here and elsewhere in this presentation as inactive textual
references only.  Information on these websites is not part of this document.
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 certain types of items, such as our fourth quarter
2009 gain related to BlackRock’s acquisition of Barclays Global Investors (the “BLK/BGI gain”), our fourth quarter 2008 conforming provision for
credit losses for National City, and other integration costs in the 2009 and 2008 periods.  This information supplements our results as reported in
accordance
with
GAAP
and
should
not
be
viewed
in
isolation
from,
or
a
substitute
for,
our
GAAP
results.
We
believe
that
this
additional
information
and the reconciliations we provide may be useful to investors, analysts, regulators and others as they evaluate the impact of these respective items
on our results for the periods presented due to the extent to which the items are not indicative of our ongoing operations.
In certain discussions, we may also provide information on yields and margins for all interest-earning assets calculated using 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.  We believe this adjustment may be useful when comparing yields and margins for all earning assets.
This presentation may also include 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.”

3
Today’s Discussion
PNC Continues to Build a Great Company.
PNC Continues to Build a Great Company.
An overview of the PNC business model and
franchise
Our performance has positioned us well with a
strong balance sheet
Our earnings capacity is expected to deliver
strong results in 2010
We are well-positioned to meet our strategic
financial objectives

4
PNC’s Business Model
Staying core funded and disciplined in our deposit pricing
Returning to a moderate risk profile
Leveraging customer relationships and our strong brand to
grow high quality, diverse revenue streams
Creating positive operating leverage while investing in
innovation
Remaining disciplined with our capital
Executing on our strategies
Overview of
PNC
PNC’s Business Model Is Designed to Deliver Strong Results.

5
Footprint covering nearly 1/3 of the U.S.
population
Retail
Corporate & Institutional
A leader in serving middle-market
customers and government entities
One of the largest bank-held asset
managers in the U.S.
Asset Management
Residential Mortgage
One of the nation’s largest mortgage
platforms
PNC’s Powerful Franchise
8
th
$270 billion
Assets
U.S. Rank¹
Dec. 31, 2009
6,473
2,512
$187 billion
5
th
ATMs
5
th
Branches
5
th
Deposits
(1) Rankings source: SNL DataSource; Headquartered in U.S.
CO
TX
KS
OK
BlackRock
A leader in investment management, risk
management and advisory services worldwide
Overview of
PNC

6
2009 Performance Summary
Execution of the PNC business model delivered strong
financial results –
net income of $2.4 billion
Well-positioned balance sheet at year end with an improved
risk profile, increased loan loss reserves, more liquidity and
more capital
Strong
revenue
performance
of
$16.2¹
billion
from
diversified sources
Disciplined expense management -
increased acquisition
cost savings goal to $1.5 billion annualized
Pretax
pre-provision
earnings
1,2
exceeded
credit
costs
by
$3.2 billion
(1)
Revenue
and
noninterest
expense
reflect
presentation
of
results
of
operations
of
PNC
Global
Investment
Servicing
(GIS)
as
income
from
discontinued
operations.
(2)
Total
revenue
less
noninterest
expense.
Revenue
includes
the
$1.076
billion
BLK/BGI
gain.
Further
information
is
provided
in
the
Appendix.
2009
Performance
Summary

7
PNC’s Higher Quality, Differentiated
Balance Sheet
Core funded -
loans to deposits
ratio of 84%
Appropriately reserved
Improved quality and pricing of
deposit base
Asset sensitive –
duration of equity
negative 1.2 years
Higher quality capital
-
Proforma Tier 1 common ratio of
8.0%
1
Balance sheet positioning
-
8
Preferred equity
($21)
$270
Total liabilities and equity
($13)
$39
Borrowed funds
(11)
12
Other time/savings
($6)
$187
Total deposits
(7)   
14
Other liabilities
(10)
49
Retail CDs
$15
$126
Transaction deposits
5
22
Common equity
(16)
57
Other assets
(18)
157
Total loans
($21)
$270
Total assets
$56
Dec. 31,
2009
$13
YoY
change
Investment securities
Category (billions)
PNC Made Substantial Progress in 2009 Transitioning the
PNC Made Substantial Progress in 2009 Transitioning the
Balance Sheet to Reflect Our Business Model.
Balance Sheet to Reflect Our Business Model.
(1)
Reported
Tier
1
common
capital
ratio
was
6.0%
as
of
December
31,
2009.
Proforma
ratio
reflects
Tier
1
common
ratio
had
it
included
the
estimated
net
impact
of
TARP
preferred
stock
redemption,
February
2010
common
equity
offering,
and
pending
sale
of
GIS.
Further
information
is
provided
in
the
Appendix.
2009
Performance
Summary

8
4Q09 loans/deposits
4Q09 loans/assets
4Q09
comm’l
real
estate
loans/assets
Relative Balance Sheet Strength
Information as of quarter end. Peer source: SNL DataSource and company reports.
68%
78%
84%
90%
90%
91%
91%
92%
93%
95%
106%
107%
109%
JPM
COF
PNC
KEY
BBT
BAC
FITB
RF
STI
WFC
CMA
USB
MTB
31%
40%
53%
58%
63%
63%
63%
64%
65%
68%
69%
71%
75%
JPM
BAC
COF
PNC
BBT
WFC
KEY
RF
STI
FITB
USB
CMA
MTB
3%
3%
8%
9%
11%
11%
12%
13%
16%
17%
18%
24%
30%
JPM
BAC
COF
PNC
WFC
BBT
USB
STI
KEY
FITB
CMA
RF
MTB
2009
Performance
Summary

9
Relative Credit Risk Profile
(1) As of or for the year ended December 31, 2009. Peers represents average of banks identified in the Appendix.  Sources: SNL
DataSource, company reports.
Nonperforming
loans to total
loans
Nonperforming
assets to total
assets
Net charge-
offs to average
loans
Allowance for
loan and lease
losses to loans
3.60%
3.96%
2.34%
2.77%
1.64%
2.62%
3.22%
3.38%
PNC’s Commitment to Prudent Risk Management Is Reflected in
Our Credit Metrics.
2009 reserves / net charge-offs
1.9
1.7
1.5
1.5
1.4
1.4
1.3
1.3
1.1
1.1
1.1
1.0
0.9
PNC
MTB
BBT
FITB
RF
JPM
WFC
USB
CMA
KEY
BAC
STI
COF
X
Key 2009 Metrics¹
2009
Performance
Summary

10
6.5%
6.8%
7.0%
7.2%
7.5%
7.7%
7.8%
8.2%
8.5%
8.6%
8.8%
10.2%
8.0%
6.0%
PNC
WFC
USB
FITB
RF
KEY
STI
BAC
PNC
CMA
BBT
MTB
JPM
COF
Relative Capital Positioning
December 31, 2009 Tier 1 common ratio
(1) Further information is provided in the Appendix. Peer source: company reports.
PNC’s capital priorities
Maintain strong capital
levels
Support our clients
Invest in our businesses
Return capital to
shareholders when
appropriate
PNC’s Proforma Tier 1 Common Capital Ratio¹
of 8.0% Provides
Flexibility for Future Growth.
2009
Performance
Summary

11
Pretax Pre-Provision Earnings²
Substantially
Exceeded Credit Costs
$16.2
$9.1
$7.1
$3.9
PNC full year 2009
(1)
Revenue
and
noninterest
expense
reflect
presentation
of
results
of
operations
of
GIS
as
income
from
discontinued
operations.
(2)
Total
revenue
less
noninterest
expense.
Full
year
2009
revenue
of
$16.228
billion
includes
the
$1.076
billion
BLK/BGI
gain.
Full
year
2009
noninterest
expense
was
$9.073
billion.
Further
information
is
provided
in
the
Appendix.
(3)
Further
information
is
provided
in
the
Appendix.
$2.4
1.86
1.83
1.82
1.50
1.47
1.37
1.32
1.22
1.09
0.89
0.66
0.40
0.27
MTB
WFC
PNC
JPM
USB
BBT
COF
FITB
BAC
CMA
RF
STI
KEY
2009 pretax pre-provision earnings²/provision
Excluding the BLK/BGI gain   1.55x³
X
Revenue¹
Noninterest
expense¹
Pretax
pre-
provision
earnings²
Provision
Net
income
PNC Is Recognized for the Ability to Create Positive Operating
PNC Is Recognized for the Ability to Create Positive Operating
Leverage to Help Offset Credit Costs.
Leverage to Help Offset Credit Costs.
2009
Performance
Summary
$15.2 excluding
the BLK/BGI gain

12
Strong Earnings Capacity in 2010
(1) 2010 expectations exclude the impact of the 2009 $1.076 billion pretax BLK/BGI gain and the 2010 impact of the pending sale of GIS. 
(2) Total revenue less noninterest expense. (3) Annualized acquisition-related cost savings goal.
Net interest income and net interest
margin consistent with 3Q09
annualized
Lower noninterest income due to
2009 impact of MSR hedging gains
Reduced expenses driven by
increased acquisition cost saves and
lower integration costs
Credit cost improvement as the
economy recovers
Significant pretax pre-provision
earnings²
will continue to exceed
credit costs
2010
Expectations¹
2009
captured
$800
$1,300+
2011
goal³
$1,500
2010
expectation
4Q09
annualized
>$1,200
PNC acquisition cost saves
(millions)
2010 expectations¹

13
Strategic benefits
Immediate benefits
PNC’s Opportunities for Growth
Strategic
Financial
Objectives
Lower deposit costs
Leveraging cross sell capabilities
Acquisition cost savings
Improvement in credit costs
Leveraging PNC brand to grow clients
across our businesses
Product innovation
Higher loan utilization rates
Commercial real estate refinancings
Improved capital markets and asset
management fees
Higher interest rates
PNC Is Positioned to Deliver Even Greater Shareholder Value as
PNC Is Positioned to Deliver Even Greater Shareholder Value as
the Economy Recovers.
the Economy Recovers.
Execution

14
(6)
(5)
(4)
(3)
(2)
(1)
0
1
2
3
4
0%
1%
2%
3%
4%
5%
6%
Balance Sheet Management
PNC Duration
of Equity
(At Quarter End)
Fed Funds
Effective Rate
(At Quarter End)
2007
2008
2009
1.4%
100 bps increase
(6.0%)
100 bps decrease
Effect
on
NII
in
2
nd
year
from
gradual interest rate change
over preceding 12 months
Effect
on
NII
in
1
st
year
from
gradual interest rate change
over following 12 months
PNC 4Q09 NII Sensitivity
(2.0%)
1.1%
100 bps decrease
100 bps increase
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
PNC’s Balance Sheet Is Well-Positioned to Take Advantage of
Economic Recovery.
Strategic
Financial
Objectives

15
PNC’s Framework for Success
Execute on and deliver the PNC
business model
Capitalize on integration opportunities
Emphasize continuous improvement
culture
Leverage credit that meets our
risk/return criteria
Focus on cross selling PNC’s deep
product offerings
Focus “front door”
on risk-adjusted
returns
Leverage “back door”
credit liquidation
capabilities
Maximize credit portfolio value
Reposition deposit gathering strategies
Action Plans
0.62%²
>$1.2 billion
40%
1,2
2.4%
84%
Dec. 31, 2009
1.30%+
$1.5 billion
>50%
0.3%-0.5%
80%-90%
Strategic
Objective
Return on
average assets
(for the year ended)
Key Metrics
Loans to deposits
ratio
(as of)
Provision to
average loans
(for the year ended)
Noninterest
income/total
revenue
(for the year ended)
Acquisition cost
savings
(4Q09, annualized)
Executing our
strategies
PNC Business
Model
Staying core
funded
Returning to a
moderate risk
profile
Growing high
quality, diverse
revenue
streams
Creating
positive
operating
leverage
(1)
Total
revenue
and
noninterest
income
reflect
presentation
of
results
of
operations
of
GIS
as
income
from
discontinued
operations. 
(2)
Excludes
the
impact
of
the
$1.076
billion
pretax,
$687
million
after-tax,
BLK/BGI
gain.
Including
the
gain,
noninterest
income
to
total
revenue
percentage
for
the
year
was
44%
and
the
return
on
average
assets
for
the
year
was
.87%.
Further
information
is
provided
in
the Appendix.
Strategic
Financial
Objectives

16
Summary
The execution of its business model resulted
in a strong 2009 performance leaving PNC
well-positioned for an economic recovery
PNC’s earnings capacity is expected to deliver
a solid 2010 financial performance
PNC is positioned to achieve its strategic
financial objectives
PNC Continues to Build a Great Company.
PNC Continues to Build a Great Company.

17
Cautionary Statement Regarding Forward-Looking
Information
Appendix
This
presentation
includes
“snapshot”
information
about
PNC
used
by
way
of
illustration
and
is
not
intended
as
a
full
business
or
financial
review.
It
should
not
be
viewed
in
isolation
but
rather
in
the
context
of
all
of
the
information
made
available
by
PNC
in
its
SEC
filings.
We
also
make
statements
in
this
presentation,
and
we
may
from
time
to
time
make
other
statements,
regarding
our
outlook
or
expectations
for
earnings,
revenues,
expenses,
capital
levels,
liquidity
levels,
asset
quality
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,”
“plan,”
“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.
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
most
recent
Form
10-K,
including
in
the
Risk
Factors
and
Risk
Management
sections
of
that
report,
and
in
our
subsequent
SEC
filings. 
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/secfilings.
We
have
included
these
web
addresses
as
inactive
textual
references
only.
Information
on
these
websites
is
not
part
of
this
document.
•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:
o
Changes
in
interest
rates
and
valuations
in
the
debt,
equity
and
other
financial
markets;
o
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;
o
Actions by the Federal Reserve and other government agencies, including those that impact money supply and market interest rates;
o
Changes
in
our
customers’,
suppliers’
and
other
counterparties’
performance
in
general
and
their
creditworthiness
in
particular;
o
Changes in levels of unemployment; and
o
Changes in customer preferences and behavior, whether as a result of changing business and economic conditions, climate-related physical
changes or legislative and regulatory initiatives, or other factors.
•A
continuation
of
recent
turbulence
in
significant
portions
of
the
US
and
global
financial
markets,
particularly
if
it
worsens,
could
impact
our
performance,
both
directly
by
affecting
our
revenues
and
the
value
of
our
assets
and
liabilities
and
indirectly
by
affecting
our
counterparties
and
the
economy generally.
•Our
business
and
financial
performance
could
be
impacted
as
the
financial
industry
restructures
in
the
current
environment,
both
by
changes
in
the
creditworthiness
and
performance
of
our
counterparties
and
by
changes
in
the
competitive
and
regulatory
landscape.
•Given
current
economic
and
financial
market
conditions,
our
forward-looking
financial
statements
are
subject
to
the
risk
that
these
conditions
will
be
substantially
different
than
we
are
currently
expecting.
These
statements
are
based
on
our
current
expectations
that
interest
rates
will
remain
low
in
the
first
half
of
2010
but
will
move
upward
in
the
second
half
of
the
year
and
our
view
that
the
modest
economic
recovery
that
began
last
year
will
extend through 2010.

18
Cautionary Statement Regarding Forward-Looking
Information (continued)
Appendix
•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:
o
Changes resulting from legislative and regulatory responses to the current economic and financial industry environment;
o
Other legislative and regulatory reforms, including broad-based restructuring of financial industry regulation as well as changes to laws and
regulations involving tax, pension, bankruptcy, consumer protection, and other aspects of the financial institution industry;
o
Increased litigation risk from recent regulatory and other governmental developments;
o
Unfavorable resolution of legal proceedings or other claims and regulatory and other governmental inquiries;
o
The results of the regulatory examination and supervision process, including our failure to satisfy the requirements of agreements with
governmental agencies;
o
Changes in accounting policies and principles;
o
Changes
resulting
from
legislative
and
regulatory
initiatives
relating
to
climate
change
that
have
or
may
have
a
negative
impact
on
our
customers’
demand
for
or
use
of
our
products
and
services
in
general
and
their
creditworthiness
in
particular;
and
o
Changes
to
regulations
governing
bank
capital,
including
as
a
result
of
the
so-called
“Basel
3”
initiatives.
•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,
and
by
our
ability
to
meet
evolving
regulatory capital standards.
•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 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.
•Our ability to implement our business initiatives and strategies
could affect our financial performance over the next several years.
•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 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 filings with the SEC, including in the Risk Factors sections of BlackRock’s
reports. BlackRock’s SEC filings are accessible on the SEC’s website and on or through BlackRock’s website at www.blackrock.com.  This material is
referenced for informational purposes only and should not be deemed to constitute a part of this document.
In addition, our acquisition of National City Corporation (“National City”) on December 31, 2008 presents us with a number of risks and uncertainties
related
both
to
the
acquisition
itself
and
to
the
integration
of
the
acquired
businesses
into
PNC.
These
risks
and
uncertainties
include
the
following:
•The
anticipated
benefits
of
the
transaction,
including
anticipated
cost
savings
and
strategic
gains,
may
be
significantly
harder
or
take
longer
to
achieve than expected or may not be achieved in their entirety as a result of unexpected factors or events.

19
Cautionary Statement Regarding Forward-Looking
Information (continued)
Appendix
•Our
ability
to
achieve
anticipated
results
from
this
transaction
is
dependent
on
the
state
going
forward
of
the
economic
and
financial
markets,
which
have
been
under
significant
stress
recently.
Specifically,
we
may
incur
more
credit
losses
from
National
City’s
loan
portfolio
than
expected.
Other
issues
related
to
achieving
anticipated
financial
results
include
the
possibility
that
deposit
attrition
or
attrition
in
key
client,
partner
and
other
relationships
may
be
greater
than
expected.
•Legal
proceedings
or
other
claims
made
and
governmental
investigations
currently
pending
against
National
City,
as
well
as
others
that
may
be
filed,
made
or
commenced
relating
to
National
City’s
business
and
activities
before
the
acquisition,
could
adversely
impact
our
financial
results.
•Our
ability
to
achieve
anticipated
results
is
also
dependent
on
our
ability
to
bring
National
City’s
systems,
operating
models,
and
controls
into
conformity
with
ours
and
to
do
so
on
our
planned
time
schedule.
The
integration
of
National
City’s
business
and
operations
into
PNC,
which
includes
conversion
of
National
City’s
different
systems
and
procedures,
may
take
longer
than
anticipated
or
be
more
costly
than
anticipated
or
have
unanticipated
adverse
results
relating
to
National
City’s
or
PNC’s
existing
businesses.
PNC’s
ability
to
integrate
National
City
successfully
may
be
adversely
affected
by
the
fact
that
this
transaction
has
resulted
in
PNC
entering
several
markets
where
PNC
did
not
previously
have
any
meaningful
retail presence.
In
addition
to
the
National
City
transaction,
we
grow
our
business
from
time
to
time
by
acquiring
other
financial
services
companies.
Acquisitions
in
general
present
us
with
risks,
in
addition
to
those
presented
by
the
nature
of
the
business
acquired,
similar
to
some
or
all
of
those
described
above
relating to the National City acquisition.
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
or
other
company’s
actual
or
anticipated
results.

20
Impact of Pending Sale of
PNC Global Investment Servicing¹
(0.2)
(0.0)
Adjustments / other²
1.1
Net intangible assets
1.3
Goodwill and other intangible assets
Elimination of net intangible assets:
Less:
(1.5)
Book equity / intercompany debt
Cash
Book
(billions)
$1.6
(0.2)
0.5
(0.3)
0.8
$2.3
Estimated PNC tangible capital improvement
Eligible deferred income taxes on goodwill
and other intangible assets
After-tax gain / increase in cash
Taxes
Pretax gain
Sales price
$1.8
(0.3)
2.1
$2.3
Estimated gain, cash proceeds and capital enhancement
Appendix
(1)
The
transaction
is
currently
expected
to
close
in
the
third
quarter
of
2010,
subject
to
regulatory
approvals
and
certain
other
closing
conditions.
(2)
Book
column
amount
reflects
transaction
expenses
of
$46
million;
cash
column
amount
reflects
transaction
expenses
of
$46
million
and
$138
million
of
deferred
tax
reversal.  

21
Risk-Based Capital Ratios
1.6
1.6
Net impact of pending sale of GIS³
10.3%
8.0%
Proforma ratios
$23.5
$18.2
Proforma
11.4%
6.0%
Ratios
3.0
(.3)
$13.9
Tier 1 common
3.0
Common equity offering –
February 2010²
(7.6)
TARP preferred stock redemption –
February 2010¹
$26.5
December 31, 2009 -
Capital
Tier 1 risk-based
$ in billions
(1)
Tier
1
common
column
reflects
acceleration
of
accretion
of
remaining
issuance
discount.
(2)
Does
not
reflect
underwriters’
over-
allotment
option.
(3)
Pending
sale
of
PNC
Global
Investment
Servicing
(GIS)
is
anticipated
to
occur
in
the
third
quarter
of
2010
subject
to
regulatory
approvals
and
certain
other
closing
conditions.
Appendix

22
Non-GAAP to GAAP Reconcilement
Appendix
For the three months ended, in millions
Pretax
Income taxes
(benefit)
1
Net income
Reported net income (loss)
($246)
Conforming provision for credit losses -
National City
$504
($176)
328
Net income excluding conforming provision for credit
losses -
National City
$82
Year ended, in millions except per share data
Pretax
Income taxes
(benefit)
1
Net income
Diluted EPS from
net income
Reported net income
$2,403
$4.36
Gain on BlackRock/BGI transation
($1,076)
$389
(687)
(1.51)
Net income excluding gain on BlackRock/BGI transaction
$1,716
$2.85
Year ended, in millions except percentages
Net income
Average assets
Return on
average assets
Reported 
$2,403
$276,876
0.87%
Excluding gain on BlackRock/BGI transaction
$1,716
$276,876
0.62%
Dec. 31, 2008
PNC
believes
that
information
adjusted
for
the
impact
of
certain
items
may
be
useful
due
to
the
extent
to
which
the
items
are
not
indicative
of
our
ongoing operations.
(1)
Calculated
using
a
marginal
federal
income
tax
rate
of
35%.
The
after-tax
gain
on
the
BlackRock/BGI
transaction
also
reflects
the
impact
of
state
income taxes.
Dec. 31, 2009
PNC
believes
that
information
adjusted
for
the
impact
of
certain
items
may
be
useful
due
to
the
extent
to
which
the
items
are
not
indicative
of
our
ongoing operations.
Dec. 31, 2009

23
Non-GAAP to GAAP Reconcilement
Appendix
in millions except percentages
Reported
1
Gain on
BlackRock/BGI
transaction
Reported excluding
BlackRock/BGI gain
Net interest income
$9,083
$9,083
Noninterest income
7,145
$1,076
6,069
Total revenue
$16,228
$1,076
$15,152
Noninterest income/total revenue
44%
40%
Net interest income/total revenue
56%
60%
Year ended
Dec. 31, 2009
in millions except ratios
Total revenue
$16,228
Noninterest expense
9,073
Pretax pre-provision earnings
7,155
Provision for credit losses
3,930
Excess of pretax pre-provision earnings over credit losses
$3,225
Net charge-offs
$2,711
Pretax pre-provision earnings / provision
1.82
Total revenue
$16,228
Gain on BlackRock/BGI transaction
1,076
Total revenue excluding BlackRock/BGI gain
15,152
Noninterest expense
9,073
Pretax pre-provision earnings excluding BlackRock/BGI gain
6,079
Provision for credit losses
3,930
Excess of pretax pre-provision earnings excluding BlackRock/BGI gain over credit losses
$2,149
Net charge-offs
$2,711
Pretax pre-provision earnings excluding BlackRock/BGI gain / provision
1.55
(1)
Reported
net
interest
income,
noninterest
income,
total
revenue,
noninterest
expense,
and
pretax
pre-provision
earnings
reflect
presentation
of
results
of
operations of GIS as income from discontinued operations.
Year ended Dec. 31, 2009
PNC
believes
that
information
adjusted
for
the
impact
of
certain
items
may
be
useful
due
to
the
extent
to
which
the
items
are
not
indicative
of
our
ongoing
operations.
PNC
believes
that
pretax
pre-provision
earnings
is
useful
as
a
tool
to
help
evaluate
ability
to
provide
for
credit
costs
through
operations.
PNC
believes
that
information adjusted for the impact of certain items may be useful due to the extent to which the items are not indicative of our ongoing operations.

24
Non-GAAP to GAAP Reconcilement
Appendix
Adjustments,
pretax
Income
taxes
(benefit)
1
Net
income
Diluted EPS
from net
income
Adjustments,
pretax
Income
taxes
(benefit)
1
Net
income
Diluted EPS
from net
income
$1,107
$2.17
$559
$1.00
($1,076)
$389
(687)
(1.49)
155
(54)
101
.22
$89
($31)
58
.12
$521
$.90
$617
$1.12
Adjustments,
pretax
Income
taxes
(benefit)
1
Net
income
(loss)
Diluted EPS
from net
income (loss)
($246)
$(.77)
$504
($176)
328
.94
81
(29)
52
.15
$134
$.32
Adjustments,
pretax
Income
taxes
(benefit)
1
Net
income
Diluted EPS
from net
income
Adjustments,
pretax
Income
taxes
(benefit)
1
Net
income
Diluted EPS
from net
income
$2,403
$4.36
$914
$2.44
$(1,076)
$389
(687)
(1.51)
$504
($176)
328
.95
421
(147)
274
.60
145
(51)
94
.27
For the three months ended, in millions except per share data
Net income, as reported
Adjustments:
Gain on BlackRock/BGI transaction
Integration costs
Net income, as adjusted
For the three months ended, in millions except per share data
Net income (loss), as reported
Adjustments:
Conforming provision for credit losses -
National City
Other integration costs
Net income, as adjusted
Year ended, in millions except per share data
Net income, as reported
Adjustments:
Gain on BlackRock/BGI transaction
Conforming provision for credit losses -
National City
Other integration costs
Net income, as adjusted
$1,990
$3.45
$1,336
$3.66
Dec. 31, 2009
Sept. 30, 2009
(1) Calculated using a marginal federal income tax rate of 35%.
The after-tax gain on the BlackRock/BGI transaction also reflects the impact of state income taxes.
Dec. 31, 2008
Dec. 31, 2009
Dec. 31, 2008
PNC
believes
that
information
adjusted
for
the
impact
of
certain
items
may
be
useful
due
to
the
extent
to
which
the
items
are
not
indicative
of
our
ongoing
operations.

25
Peer Group of Banks
Appendix
The PNC Financial Services Group, Inc.
PNC
BB&T Corporation
BBT
Bank of America Corporation
BAC
Capital One Financial, Inc.
COF
Comerica Inc.
CMA
Fifth Third Bancorp
FITB
JPMorgan Chase
JPM
KeyCorp
KEY
M&T Bank
MTB
Regions Financial Corporation
RF
SunTrust Banks, Inc.
STI
U.S. Bancorp
USB
Wells Fargo & Co.
WFC
Ticker