Exhibit 99.1

PNC REPORTS FIRST QUARTER NET INCOME OF $811 MILLION

AND $1.44 DILUTED EPS

Growth in Customers, Loans and Revenue

RBC Bank (USA): Closed, Converted and Accretive;

Integration Costs of $.18 per Diluted Common Share

PITTSBURGH, April 18, 2012 – The PNC Financial Services Group, Inc. (NYSE: PNC) today reported net income of $811 million, or $1.44 per diluted common share, for the first quarter of 2012 compared with net income of $493 million, or $.85 per diluted common share, for the fourth quarter of 2011 and $832 million, or $1.57 per diluted common share, for the first quarter of 2011.

“PNC had excellent results for the first quarter reflecting strong performance across our markets,” said James E. Rohr, chairman and chief executive officer. “Our success in growing revenue is a direct result of our success in growing customers and loans. With the completion of our acquisition of RBC Bank (USA), we plan to leverage our brand and innovative product set to grow market share in the southeast. We are confident that our strong capital levels and our ability to execute will lead to another good year in 2012.”

Income Statement Highlights

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page  2

RBC Bank (USA) – Closed, Converted and Accretive

Balance Sheet Highlights

Earnings Summary

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page  3

First quarter 2012 net income of $811 million, or $1.44 per diluted common share, included $145 million pretax, or $.18 per diluted common share, for integration costs and $38 million pretax, or $.05 per diluted common share, of residential mortgage foreclosure-related expense. Fourth quarter 2011 net income of $493 million, or $.85 per diluted common share, included $.30 per diluted common share of residential mortgage foreclosure-related expense, a noncash charge of $.24 per diluted common share related to redemption of trust preferred securities and $.04 per diluted common share for integration costs.

The Consolidated Financial Highlights accompanying this news release include additional information regarding residential mortgage foreclosure-related expense, integration costs and preferred redemptions and include reconciliations of reported to non-GAAP financial measures, including a reconciliation of business segment income to net income. Information in the financial tables included in this news release is unaudited. See the notes in the Consolidated Financial Highlights.

CONSOLIDATED REVENUE REVIEW

Revenue

Total revenue for the first quarter of 2012 increased compared with the fourth and first quarters of 2011. Net interest income and noninterest income both grew in the linked quarter comparison. Growth in net interest income compared with first quarter 2011 was partially offset by a decrease in noninterest income primarily as a result of the regulatory impact of lower interchange fees on debit card transactions.

Net interest income increased in both periods of comparison primarily due to loans from the RBC Bank (USA) acquisition, organic loan growth and lower funding costs. The net interest margin was 3.90 percent for the first quarter of 2012 compared with 3.86 percent for the fourth quarter of 2011 and 3.94 percent for the first quarter of 2011.

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page  4

Noninterest Income

Client fee income for the first quarter of 2012 grew in comparison with both the fourth and first quarters of 2011. Asset management fees increased $34 million compared with the fourth quarter as a result of improved equity markets. Corporate service fees decreased $34 million in the linked quarter comparison primarily due to lower commercial mortgage banking revenue and lower merger and acquisition advisory fees. Residential mortgage revenue increased $73 million compared with the fourth quarter from higher net hedging gains on mortgage servicing rights and an increase in loan sales revenue driven by higher loan origination volume. Service charges on deposits declined $13 million and consumer service fees decreased $5 million from fourth quarter 2011 levels primarily due to seasonally lower transaction volumes. Other noninterest income increased $35 million compared with the linked quarter largely attributable to higher revenue from private and other equity investments.

Noninterest income for the first quarter of 2012 decreased nominally from first quarter 2011. Increases were reflected in higher residential mortgage revenue from higher loan sales revenue, higher asset management fees from improved equity markets, and an increase in corporate service fees from higher merger and acquisition advisory fees and commercial mortgage banking revenue. These increases were offset by a decline in other income including a decrease in revenue from private and other equity investments and lower gains on loan sales, and by lower consumer service fees reflecting the regulatory impact of lower interchange fees on debit card transactions.

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page  5

CONSOLIDATED EXPENSE REVIEW

Noninterest Expense

Noninterest expense for first quarter 2012 decreased $264 million compared with fourth quarter 2011. The first quarter included integration costs of $145 million, additions to legal reserves of $72 million, operating expense of $40 million for the RBC Bank (USA) acquisition and $38 million of expense for residential mortgage foreclosure-related matters. Fourth quarter 2011 included $240 million of expense for residential mortgage foreclosure-related matters and a noncash charge of $198 million for the unamortized discount related to redemption of trust preferred securities.

Noninterest expense increased $385 million in the comparison with first quarter 2011 primarily driven by higher integration costs, additions to legal reserves, operating expense for the RBC Bank (USA) acquisition and an increase in expense for residential mortgage foreclosure-related matters.

The effective tax rate was 25.7 percent for the first quarter of 2012 compared with 23.0 percent for the fourth quarter of 2011 and 27.0 percent for the first quarter of 2011. The increase in the first quarter 2012 rate compared with the fourth quarter 2011 rate was due to the impact of higher pretax income.

CONSOLIDATED BALANCE SHEET REVIEW

Total assets were $296 billion at March 31, 2012 compared with $271 billion at December 31, 2011 and $259 billion at March 31, 2011. The increase in both comparisons reflected the addition of assets from the RBC Bank (USA) acquisition, loan growth and higher investment securities.

Loans

Commercial lending increased $12.3 billion during the first quarter of 2012 as a result of approximately $9 billion of loans added in the RBC Bank (USA) acquisition and growth in new and existing client activity in corporate banking, asset-based lending and real estate finance. Consumer lending increased $4.9 billion linked quarter due to loans added in the RBC Bank (USA) acquisition.

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page  6

Total loan originations and new commitments and renewals were $35 billion for the first quarter of 2012, including $1.1 billion of small business loans, compared with $41 billion for the fourth quarter of 2011 and $28 billion for the first quarter of 2011. Average loans of $164.6 billion in the first quarter of 2012 increased $8.4 billion, or 5 percent, compared with the fourth quarter, reflecting the impact of approximately $5 billion of average loans from the March 2, 2012 acquisition of RBC Bank (USA) and organic loan growth. Average commercial loans grew $5.8 billion, or 9 percent, and average consumer loans increased $1.6 billion, or 3 percent. In the comparison with first quarter 2011, average loans increased $14.4 billion, or 10 percent. Average commercial loans grew $13.0 billion, or 23 percent, and average consumer loans increased $2.7 billion, or 5 percent, partially offset by declines in average commercial real estate and residential real estate loans.

Investment securities were $64.6 billion at March 31, 2012 compared with $60.6 billion at December 31, 2011 and $61.0 billion at March 31, 2011. The increases reflected higher agency residential mortgage-backed securities from net purchase activity and asset-backed and other debt securities added in the RBC Bank (USA) acquisition. Average investment securities were $61.6 billion for the first quarter of 2012, an increase of $1.2 billion compared with the fourth quarter and a decrease of $.6 billion compared with the first quarter of 2011. At March 31, 2012, the available for sale investment securities balance included a net unrealized pretax gain of $.6 billion representing the difference between fair value and amortized cost compared with a net unrealized pretax loss of $40 million at December 31, 2011 and a net unrealized pretax loss of $.6 billion at March 31, 2011. The improvement compared with year end was mainly driven by higher valuations of non-agency residential mortgage-backed securities. The improvement over first quarter 2011 was primarily due to lower market interest rates.

Other assets of $25.1 billion as of March 31, 2012 increased $2.4 billion compared with December 31, 2011 and $3.9 billion compared with March 31, 2011 largely attributable to assets acquired in the RBC Bank (USA) transaction.

Deposits

Total deposits at March 31, 2012 increased $18.1 billion compared with December 31, 2011 and $24.1 billion compared with March 31, 2011. The increases were due to deposits added in the RBC Bank (USA) acquisition and customer growth in transaction deposits partially offset by the continued decline of higher rate retail certificates of deposit. Average deposits were $192.1 billion for the first quarter of 2012, an increase of $5.6 billion over the fourth quarter of 2011 and $11.3 billion over first quarter 2011. Average transaction deposits increased $6.5 billion, or 4 percent, in the linked quarter comparison, and $18.0 billion, or 14 percent, compared with first quarter 2011. The growth additionally reflects customer preferences for liquidity in this prolonged period of low interest rates.

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page  7

Borrowed funds were $42.5 billion at March 31, 2012, $36.7 billion at December 31, 2011 and $35.0 billion at March 31, 2011. The increase in borrowed funds was primarily to fund loan growth and for liquidity purposes. In the linked quarter comparison Federal Home Loan Bank borrowings, commercial paper and federal funds purchased and repurchase agreements increased. Borrowed funds increased compared with first quarter 2011 primarily due to higher Federal Home Loan Bank borrowings and commercial paper. Average borrowed funds were $40.2 billion for the first quarter of 2012, $35.7 billion for the fourth quarter of 2011 and $38.4 billion for first quarter 2011. In November 2011 PNC redeemed $750 million of 6.625 percent trust preferred securities issued by National City Capital Trust II. The redemption resulted in a fourth quarter 2011 noncash charge of $198 million for the unamortized discount. In March 2012 PNC announced the redemption on April 25, 2012 of $300 million of 6.125 percent trust preferred securities issued by PNC Capital Trust D and $6 million of 10.18 percent capital securities issued by Yardville Capital Trust III. Additionally, on April 10, 2012 PNC announced the redemption on May 25, 2012 of $500 million of 6.625 percent trust preferred securities issued by National City Capital Trust III. A second quarter 2012 noncash charge of approximately $130 million for the unamortized discounts is anticipated. These actions to redeem trust preferred securities were consistent with PNC’s capital plan.

Capital

PNC continued to maintain strong capital levels and ratios. The increase in common shareholders’ equity was primarily attributable to the retention of earnings. The Tier 1 common and Tier 1 risk-based capital ratios decreased in the comparisons due to higher risk-weighted assets and goodwill associated with the RBC Bank (USA) acquisition and higher risk-weighted assets from loan growth partially offset by retained earnings. The impact of the RBC Bank (USA) acquisition on the Tier 1 common ratio was a decrease of approximately 1.2 percentage points. The decline in the Tier 1 risk-based capital ratio compared with March 31, 2011 was also impacted by the redemption of trust preferred securities in November 2011 offset by the issuance of preferred stock in July 2011.

On April 5, 2012 the PNC board of directors raised the quarterly cash dividend on common stock to 40 cents per share, an increase of 5 cents per share, or 14 percent. The dividend payment date is May 5, 2012. PNC plans to purchase up to $250 million of common stock under its existing 25 million share repurchase program in open market or privately negotiated transactions during the remainder of 2012. These actions are consistent with PNC’s capital plan.

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page  8

CREDIT QUALITY REVIEW

Credit Quality

Overall credit quality remained stable during the first quarter of 2012 compared with year end. The increase in nonperforming assets at March 31, 2012 compared with year end primarily was attributable to other real estate owned added in the acquisition of RBC Bank (USA) and higher nonperforming home equity loans from a change in policy which places home equity loans on nonaccrual status when past due 90 days or more compared with 180 days under the prior policy. These increases were partially offset by a decline in nonperforming commercial real estate and commercial loans. The decline in nonperforming assets from first quarter 2011 reflected lower commercial real estate and commercial nonperforming loans partially offset by other real estate owned added in the RBC Bank (USA) acquisition and the impact of the home equity loan policy change. Nonperforming assets to total assets were 1.49 percent at March 31, 2012 compared with 1.53 percent at December 31, 2011 and 1.90 percent at March 31, 2011.

Overall delinquencies decreased by $245 million, or 5 percent, as of March 31, 2012 compared with year end. Accruing loans past due 90 days or more declined $351 million due to the change in policy for home equity loans and a decrease in past due government insured loans. Accruing loans past due 30 to 59 days increased $130 million in the linked quarter comparison due to an increase in commercial, residential real estate and commercial real estate loans primarily related to the RBC Bank (USA) acquisition.

Net charge-offs for the first quarter of 2012 were .81 percent of average loans on an annualized basis compared with .83 percent for the fourth quarter of 2011 and 1.44 percent for the first quarter of 2011. Net charge-offs remained relatively stable in the linked quarter comparison as increases in home equity and commercial real estate loan net charge-offs were substantially offset by a decline in commercial loan net charge-offs. Net charge-offs declined in the comparison with first quarter 2011 primarily due to lower commercial real estate, commercial and residential real estate loan net charge-offs. The decline in the provision for credit losses compared with first quarter 2011 was driven by overall credit quality improvement and continued actions to reduce exposure levels.

The allowance for loan and lease losses to total loans was 2.38 percent at March 31, 2012, 2.73 percent at December 31, 2011 and 3.19 percent at March 31, 2011. The decrease in the allowance compared with first quarter 2011 resulted from improved credit quality. The allowance to nonperforming loans was 115 percent at March 31, 2012 compared with 122 percent at December 31, 2011 and 110 percent at March 31, 2011.

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page  9

BUSINESS SEGMENT RESULTS

Business Segment Income (Loss)

See accompanying notes in Consolidated Financial Highlights

Retail Banking

Retail Banking had higher earnings in the first quarter of 2012 compared with losses in the fourth and first quarters of 2011 as a result of a lower provision for credit losses and improved net interest income partially offset by higher noninterest expense and a decline in noninterest income. Net interest income increased primarily due to higher loan and transaction deposit balances and lower rates paid on deposits. Noninterest expense for the first quarter of 2012 increased over both periods driven by additions to legal reserves and operating expense for the RBC Bank (USA) acquisition partially offset in the linked quarter comparison by seasonal declines in marketing and transaction volume-related expense. The decrease in noninterest income from the fourth quarter of 2011 was attributable to seasonally lower transaction volumes. The decline from the prior year first quarter resulted from the regulatory impact of lower interchange fees on debit card transactions partially offset by increased customer-initiated debit and credit card transactions.

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page  10

Corporate & Institutional Banking

Earnings for Corporate & Institutional Banking decreased in the first quarter of 2012 compared with the fourth quarter of 2011 primarily due to a higher provision for credit losses which was a benefit in the linked quarter. Corporate service fees decreased primarily due to lower commercial mortgage banking revenue and lower merger and acquisition advisory fees. Noninterest expense declined reflecting lower personnel costs, other real estate owned and legal expense. The increase in earnings over first quarter 2011 was primarily due to higher net interest income resulting from higher average

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page  11

loans and deposits. The provision for credit losses increased from the impact of higher loan and commitment levels and a provision benefit in the prior year first quarter.

Asset Management Group

Asset Management Group earnings grew in the linked quarter comparison. Higher noninterest income was attributable to improved equity markets, increased sales and new client acquisition. Lower noninterest expense reflected higher fourth quarter levels of new business investment and compensation-related costs. The decline in earnings in the comparison with first quarter 2011 primarily resulted from higher noninterest expense from strategic business investments and higher provision for credit losses.

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page  12

Residential Mortgage Banking

Residential Mortgage Banking earnings increased over the fourth quarter of 2011. The decline in noninterest expense was primarily due to lower residential mortgage foreclosure-related expense. Noninterest income increased in both comparisons as a result of higher net hedging gains on mortgage servicing rights and higher loan sales revenue driven by higher loan origination volume. The decrease in earnings in the first quarter 2011 comparison primarily reflected higher noninterest expense for residential mortgage foreclosure-related matters.

Non-Strategic Assets Portfolio

Non-Strategic Assets Portfolio segment earnings increased in the first quarter of 2012 compared with both the fourth and first quarters of 2011. Net interest income grew over fourth quarter 2011 due to favorable performance of the commercial real estate portfolio and the addition of loans from the RBC Bank (USA) acquisition. The decrease in noninterest income in both comparisons was related to additions to the liability for estimated losses on repurchase and indemnification claims. The provision for credit losses declined in both comparisons from overall improvement in credit quality across portfolios. In the comparison with fourth quarter 2011 noninterest expense decreased due to lower residential mortgage foreclosure-related costs.

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page  13

Other, Including BlackRock

The “Other, including BlackRock” category, for the purposes of this release, includes earnings and gains or losses related to PNC’s equity interest in BlackRock, and residual activities that do not meet the criteria for disclosure as a separate reportable business, such as integration costs, asset and liability management activities including net securities gains or losses, other-than-temporary impairment of investment securities and certain trading activities, exited businesses, private and other equity investment activities, intercompany eliminations, most corporate overhead, tax adjustments that are not allocated to business segments, and differences between business segment performance reporting and financial statement reporting under generally accepted accounting principles.

PNC recorded earnings of $131 million in “Other, including BlackRock” for the first quarter of 2012 compared with a loss of $9 million for the fourth quarter of 2011 and earnings of $279 million for the first quarter of 2011. The increase in the linked quarter comparison reflected the impact of the fourth quarter noncash charge related to redemption of trust preferred securities and higher revenue from private and other equity investments and earnings from the BlackRock investment partially offset by higher integration costs. In the comparison with first quarter 2011, earnings decreased primarily due to higher integration costs.

CONFERENCE CALL AND SUPPLEMENTAL FINANCIAL INFORMATION

PNC Chairman and Chief Executive Officer James E. Rohr and Executive Vice President and Chief Financial Officer Richard J. Johnson will hold a conference call for investors today at 8:00 a.m. Eastern Time regarding the topics addressed in this news release and the related financial supplement. Dial-in numbers for the conference call are (877) 272-3568 or (303) 223-4372 (international) and Internet access to the live audio listen-only webcast of the call is available at www.pnc.com/investorevents. PNC’s first quarter earnings release, the related financial supplement, and presentation slides to accompany the conference call remarks will be available at www.pnc.com/investorevents prior to the beginning of the call. A telephone replay of the call will be available for one week at (800) 633-8284 or (402) 977-9140 (international), conference ID 21582958 and a replay of the audio webcast will be available on PNC’s website for 30 days.

The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation’s largest diversified financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.

[TABULAR MATERIAL FOLLOWS]

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page 14

FINANCIAL RESULTS

Certain prior period amounts included in these Consolidated Financial Highlights have been reclassified to conform with the current period presentation, which we believe is more meaningful to readers of our consolidated financial statements.

The after-tax amounts in this table and notes below were calculated using a marginal federal income tax rate of 35% and include applicable income tax adjustments.

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page 15

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PNC Reports First Quarter Net Income of $811 Million and $1.44 Diluted EPS – Page 16