The PNC Financial Services Group, Inc.

Fourth Quarter and Full Year 2013

Earnings Conference Call

January 16, 2014

Exhibit 99.2

2

Cautionary Statement Regarding Forward-Looking

Information and Adjusted Information

Our earnings conference call 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 for earnings, revenues, expenses, capital and liquidity levels and ratios, asset levels, asset quality, financial position, and

other matters regarding or affecting PNC and its future business and operations. 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, and in our SEC filings. We provide greater detail regarding these as well as other factors in our 2012

Form 10-K and our 2013 Form 10-Qs, including in the Risk Factors and Risk Management sections and in the Legal Proceedings and Commitments and

Guarantees Notes of the Notes To Consolidated Financial Statements in those reports, and in our subsequent SEC filings. Our forward-looking statements may

also be subject to other risks and uncertainties, including those we may discuss in this presentation or in SEC filings, accessible on the SEC’s website at

www.sec.gov and on PNC’s corporate website at www.pnc.com/secfilings. We have included web addresses in this presentation as inactive textual references

only. Information on those websites is not part of this presentation. Future events or circumstances may change our outlook and may also affect the nature of

the assumptions, risks and uncertainties to which our forward-looking statements are subject. 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. Actual results or future events could differ,

possibly materially, from those anticipated in forward-looking statements, as well as from historical performance.

In this presentation, we may sometimes refer to adjusted results to help illustrate the impact of certain types of items, such as benefits/provisions for

residential mortgage repurchase obligations, gains on sales of a portion of our VISA shares, commercial mortgage servicing rights valuations/recoveries, net of

economic hedge, credit valuations related to customer-initiated hedging activities, non-cash charges related to redemptions of trust preferred securities,

expenses for residential mortgage foreclosure-related matters, and integration costs. This information supplements our results as reported in accordance with

GAAP and should not be viewed in isolation from, or as 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 to help evaluate the impact of these respective items on our operations. We may also

provide information on the components of net interest income (purchase accounting accretion and the core remainder), on the impact of purchase accounting

accretion on net interest margin (core net interest margin (net interest margin less (annualized purchase accounting accretion divided by average interest-

earning assets)), on pretax pre-provision earnings (total revenue less noninterest expense), and on tangible book value per common share (calculated based

on tangible common shareholders’ equity (common shareholders’ equity less goodwill and other intangible assets, other than servicing rights, net of deferred

tax liabilities on such intangible assets) divided by common shares outstanding). Where applicable, we provide GAAP reconciliations for such additional

information, including in the slides, the Appendix and/or other slides and materials on our corporate website at www.pnc.com/investorevents and in our SEC

filings. 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. We may also use annualized, proforma,

estimated or third party numbers for illustrative or comparative purposes only. These may not reflect actual results.

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

2013 Achievements

PNC Is Well-Positioned to Continue to Create Shareholder Value.

2013 financial

summary

Net income

Diluted EPS from

net income

Return on average

assets

$4.2 billion

$7.39

1.38%

FY13 record net income

Grew loans, deposits, revenue and capital

Diversified businesses delivered fee income growth

Expense declined by 7% in FY13 vs. FY12 

Effectively managed credit risk appetite

Continued progress on strategic priorities

4

Continued Loan Growth and Capital Improvement

Investment securities grew by

$3.0 billion from end of 3Q13

Loans

increased $2.8 billion

within commercial and

consumer lending

Total deposits grew $4.9 billion

due to higher transaction

deposits

During the quarter, PNC

enhanced  its liquidity position

in anticipation of regulatory

requirements

Tier 1 common capital levels

and ratios continued to increase

(1)

Estimated

as

of

December

31,

2013.

(2)

See

Note

A

in

the

Appendix

for

further

details.

(3)

PNC’s

pro

forma

Basel

III

Tier

1

common

capital

ratio was estimated without benefit of phase-ins and based on estimated Basel III advanced approaches risk-weighted assets. See Estimated 

Pro forma  Basel III Tier 1 Common Capital and related information in the Appendix for further details.

Linked quarter highlights

% change from:

Category (billions)

Dec. 31,

2013

Sep. 30,

2013

Dec. 31,

2012

Investment securities

$60.3

5.3%

(1.8%)

Total commercial lending

$117.1

2.4%

7.5%

Total consumer lending

78.5

0.1%

2.0%

Total loans

$195.6

1.4%

5.2%

Total assets

$320.3

3.8%

5.0%

Transaction deposits

186.4

2.5%

5.5%

Total deposits

$220.9

2.2%

3.7%

Total shareholders’

equity

$42.4

3.1%

8.7%

Capital ratios

(1)

:

Basel I Tier 1 common capital

ratio

(2)

10.5%

10.3%

9.6%

Pro forma Basel III Tier 1

common capital ratio

(3)

9.4%

8.7%

7.5%

Balances at period-end

–

Commercial lending increased

$2.7 billion primarily in real

estate and other specialty

lending businesses   

–

Consumer lending growth of

$.1 billion was driven by

automobile and credit card

loans partially offset by

declines in other categories

5

Revenue Growth and Improved Credit Quality Drove 

Profitability and Returns

Highlights

Revenue grew 4% driven by:

Pretax pre-provision earnings

(1)

grew 2% as a result of strong

noninterest income growth

partially offset by increased

expenses

Credit costs declined as overall

credit trends continued to

improve

(1),(2),(3) See Notes B, C and D respectively in the Appendix for additional details. (4) See Reconcilement section of the Appendix.

Full Year

2013:

Pretax

pre-provision

earnings

(1)(4)

increased 26% primarily due to

noninterest income growth of 17%

and expense decline of 7%

Increased returns

Linked quarter:

$

Change

from

$

Change

from

(millions)

4Q13

3Q13

FY13

FY12

Net interest income

$2,266

$32

$9,147

($493)

Noninterest income

1,807

121

6,865

993

Total revenue

$4,073

$153

$16,012

$500

Noninterest expense

$2,547

$123

$9,801

($781)

Pretax pre-provision

earnings

(1)

$1,526

$30

$6,211

$1,281

Provision

113

(24)

643

(344)

Pretax earnings

(2)

1,413

54

5,568

1,625

Net income

$1,061

$22

$4,227

$1,226

Returns

ROAA

(3)

1.34%

1.36%

1.38%

1.02%

ROACE

(3)

10.55%

10.50%

10.88%

8.31%

–

Growth in both noninterest

income and NII

6

Core NII Increase Driven by Loan Growth 

(1)

Core

net

interest

income

(Core

NII)

is

total

net

interest

income

(NII),

as

reported,

less

related

purchase

accounting

accretion

(scheduled

and

excess

cash

recoveries).

(2)

See

Note

E

in

Appendix

for

further

details.

(3)

Net

interest

margin

less

(annualized

PAA/average

interest-earning

assets).

See

Reconcilement

in

Appendix.

(4)

See

Appendix

for

additional

information.

Core NII

(1)

$2,075

$40

($76)

Scheduled accretion

163

(10)

(65)

Excess cash recoveries

(2)

28

2

(17)

Total purchase accounting

accretion (PAA)

191

(8)

(82)

Total NII

$2,266

$32

($158)

Highlights

Linked quarter:

Full year 2013:

Average interest-earning assets

increased 4.2% due to average

loan growth of 2.1% and average

investment securities growth of

1%

Loan and securities growth

supported higher NII of 1.4%

NIM declined 9 bps primarily due

to higher deposits held at banks

Average interest-earning assets

growth of 4.9% driven by

average loan growth of 7.6%

Core NII

(1,4)

decreased primarily

due to decline in asset yields

$ change from:

(billions)

4Q13

3Q13

4Q12

Average interest-earning assets

$270.5

$10.9

$16.8

Net interest

Margin(NIM)

Core NIM

(3)

(millions)

–

Core NII increased 2.0%

–

PAA declined primarily as a

result of lower accretion on

impaired loans

7

Diversified Businesses Delivered Fee Income Growth

Highlights

(1) Asset management includes the Asset Management Group and BlackRock. (2) See Reconcilement section of the Appendix.

Noninterest income growth of 7%

largely reflects:

Linked quarter:

$

Change

from

$

Change

from

(millions)

4Q13

3Q13

FY13

FY12

Asset management

(1)

$364

$34

$1,342

$173

Consumer services

327

11

1,253

117

Corporate services

301

(5)

1,210

44

Residential mortgage

271

72

871

587

Deposit service charges

158

2

597

24

Fee income

$1,421

$114

$5,273

$945

Net gains on sales of

securities less net OTTI

3

(16)

83

(10)

Gain on VISA sales

0

(85)

168

(99)

Other

383

108

1,341

157

Total noninterest income

$1,807

$121

$6,865

$993

Full Year 2013:

Noninterest income grew 17%

Fee income grew 22%

(2)

Noninterest income to total

revenue of 43% compared to

38% in 2012

–

Pre-tax benefit of $124 million

from the release of reserves for

residential mortgage repurchase

obligations primarily related to

previously disclosed FNMA and

FHLMC agreements

–

Strong fee income growth of 9%

primarily driven by Asset

Management and Consumer

Services

(2)

–

Other income increased

primarily due to higher revenue

from private equity investments

8

Disciplined Expense Management While Investing for

Growth

Noninterest expense increase of

5% reflected:

Exceeded $700 million CIP

(2) 

target

Highlights

Linked

quarter:

(1)

See

Note

F

in

the

Appendix.

(2)CIP

refers

to

PNC’s

Continuous

Improvement

Program.

(3)

Trust

preferred

securities

redemption-related

charges

were

$57

million

in

FY13

and

$295

million

in

FY12.

There

were

no

integrations

costs

in

FY13

and

$267

million

in

FY12.

Full Year 2013:

Noninterest expense decline of

7% largely reflects lower trust

preferred securities redemption

charges, lower integration

costs and continued focus on

expense management

(3)

$ Change from

$ Change from

(millions)

4Q13

3Q13

FY13

FY12

Personnel

$1,207

$26

$4,743

$126

Occupancy

211

6

833

6

Equipment

197

3

763

28

Marketing

66

(2)

246

(33)

Other

866

90

3,216

(908)

Total noninterest expense

$2,547

$123

$9,801

($781)

Efficiency ratio

(1)

63%

62%

61%

68%

–

Higher incentive compensation

costs related to increased

business activity

–

PNC Foundation contribution 

of $50 million

–

Higher legal accruals

9

Overall Credit Quality Continued to Improve

Nonperforming loans

(2,4)

Provision and net charge-offs

Criticized commercial loans

30-89 Days

90 Days +

Accruing loans past due

(2,3)

As

of

quarter

end

except

net

charge-offs

and

provision,

which

are

for

the

quarter.

(1)

Criticized

loans

are

ones

that

we

consider

“special

mention,”

“substandard’”

or

“doubtful”.

(2)

Loans

acquired

from

National

City

or

RBC

Bank

(USA)

that

were

impaired

are

not

included

as

they

were

recorded

at

estimated

fair

value

when

acquired

and

are

currently

considered

performing

loans

due

to

the

accretion

of

interest

in

purchase

accounting.

(3)

Includes

loans

that

are

government

guaranteed/insured,

primarily

residential

mortgages.

These

past

due

loans

totaled

$1.8

billion

in

4Q13.

(4)

Does

not

include

loans

held

for

sale

or

foreclosed

and

other

assets.

Excludes

certain

government

insured

or

guaranteed

loans

and

loans

accounted

for

under

the

fair

value

option.

Criticized

Commercial

loans

(1)

Total nonperforming loans

Provision

Net charge-offs

10

Outlook

(1)

–

1Q14 vs. 4Q13

(1)

Refer

to

Cautionary

Statement

in

the

Appendix,

including

economic

and

other

assumptions.

Does

not

take

into

account

impact

of

potential

legal

and

regulatory

contingencies

or

the

potential

impacts

of

the

Congress

failing

to

timely

address

the

authorized

level

of

the

Federal

borrowing

debt

ceiling.

(2)

Fee

income

refers

to

Noninterest

income

in

the

following

categories:

asset

management,

consumer

services,

corporate

services,

residential

mortgage,

and

service

charges

on

deposits.

11

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 for earnings, revenues, expenses,

capital and liquidity levels and ratios, asset levels, asset quality, financial position, and other matters regarding or affecting PNC and its future business and

operations 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,” “see,” “look,” “intend,” “outlook,” “project,” “forecast,” “estimate,” “goal,” “will,” “should”

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 made.  We do not assume any duty and do not undertake to update forward-looking statements.  Actual

results or future events could differ, possibly materially, from those anticipated in forward-looking statements, as well as from historical performance.

Our forward-looking statements are subject to the following principal risks and uncertainties.

•Our businesses, financial results and balance sheet values are affected by business and economic conditions, including the following:

–

Changes in interest rates and valuations in debt, equity and other financial markets.

–

Disruptions in the liquidity and other functioning of U.S. and global financial markets.

–

The impact on financial markets and the economy of any changes in the credit ratings of U.S. Treasury obligations and other U.S. government-

backed debt, as well as issues surrounding the levels of U.S. and European government debt and concerns regarding the creditworthiness of

certain sovereign governments, supranationals  and financial institutions in Europe.

–

Actions by the Federal Reserve, U.S. Treasury and other government agencies, including those that impact money supply and market interest

rates.

–

Changes in customers’, suppliers’ and other counterparties’ performance and creditworthiness.

–

Slowing or reversal of the current U.S. economic expansion.

–

Continued residual effects of recessionary conditions and uneven spread of positive impacts of recovery on the economy and our counterparties,

including adverse impacts on levels of unemployment, loan utilization rates, delinquencies, defaults and counterparty ability to meet credit and

other obligations.

–

Changes in customer preferences and behavior, whether due to changing business and economic conditions, legislative and regulatory initiatives,

or other factors.

•Our forward-looking financial statements are subject to the risk that economic and financial market conditions will be substantially different than we are

currently expecting.  These statements are based on our current view that the U.S. economic expansion will speed up to a trend growth rate near 2.5

percent in 2014 as drags from Federal fiscal restraint subside, and that short-term interest rates will remain very low and bond yields will rise only slowly

in 2014.  These forward-looking statements also do not, unless otherwise indicated, take into account the impact of potential legal and regulatory

contingencies or the potential impacts of the Congress failing to timely address the authorized level of the Federal borrowing debt ceiling.

12

Cautionary Statement Regarding Forward-Looking

Information (continued)

Appendix

•PNC’s

ability

to

take

certain

capital

actions,

including

paying

dividends

and

any

plans

to

increase

common

stock

dividends,

repurchase

common

stock

under

current

or

future

programs,

or

issue

or

redeem

preferred

stock

or

other

regulatory

capital

instruments,

is

subject

to

the

review

of

such

proposed

actions

by

the

Federal

Reserve

as

part

of

PNC’s

comprehensive

capital

plan

for

the

applicable

period

in

connection

with

the

regulators’

Comprehensive

Capital

Analysis

and

Review

(CCAR)

process

and

to

the

acceptance

of

such

capital

plan

and

non-objection

to

such

capital

actions

by

the

Federal

Reserve

•PNC’s

regulatory

capital

ratios

in

the

future

will

depend

on,

among

other

things,

the

company’s

financial

performance,

the

scope

and

terms

of

final

capital

regulations

then

in

effect

(particularly

those

implementing

the

Basel

Capital

Accords),

and

management

actions

affecting

the

composition

of

PNC’s

balance

sheet.

In

addition,

PNC’s

ability

to

determine,

evaluate

and

forecast

regulatory

capital

ratios,

and

to

take

actions

(such

as

capital

distributions)

based

on

actual

or

forecasted

capital

ratios,

will

be

dependent

on

the

ongoing

development,

validation

and

regulatory

approval

of

related

models.

•Legal

and

regulatory

developments

could

have

an

impact

on

our

ability

to

operate

our

businesses,

financial

condition,

results

of

operations,

competitive

position,

reputation,

or

pursuit

of

attractive

acquisition

opportunities.

Reputational

impacts

could

affect

matters

such

as

business

generation

and

retention,

liquidity,

funding,

and

ability

to

attract

and

retain

management.

These

developments

could

include:

–

Changes

resulting

from

legislative

and

regulatory

reforms,

including

major

reform

of

the

regulatory

oversight

structure

of

the

financial

services

industry

and

changes

to

laws

and

regulations

involving

tax,

pension,

bankruptcy,

consumer

protection,

and

other

industry

aspects,

and

changes

in

accounting

policies

and

principles.

We

will

be

impacted

by

extensive

reforms

provided

for

in

the

Dodd-Frank

Wall

Street

Reform

and

Consumer

Protection

Act

(the

“Dodd-Frank

Act”)

and

otherwise

growing

out

of

the

most

recent

financial

crisis,

the

precise

nature,

extent

and

timing

of

which,

and

their

impact

on

us,

remains

uncertain.

–

Changes

to

regulations

governing

bank

capital

and

liquidity

standards,

including

due

to

the

Dodd-Frank

Act

and

to

Basel-related

initiatives.

–

Unfavorable

resolution

of

legal

proceedings

or

other

claims

and

regulatory

and

other

governmental

investigations

or

other

inquiries.

In

addition

to

matters

relating

to

PNC’s

business

and

activities,

such

matters

may

include

proceedings,

claims,

investigations,

or

inquiries

relating

to

pre-acquisition

business

and

activities

of

acquired

companies,

such

as

National

City.

These

matters

may

result

in

monetary

judgments

or

settlements

or

other

remedies,

including

fines,

penalties,

restitution

or

alterations

in

our

business

practices,

and

in

additional

expenses

and

collateral

costs,

and

may

cause

reputational

harm

to

PNC.

–

Results

of

the

regulatory

examination

and

supervision

process,

including

our

failure

to

satisfy

requirements

of

agreements

with

governmental

agencies.

–

Impact

on

business

and

operating

results

of

any

costs

associated

with

obtaining

rights

in

intellectual

property

claimed

by

others

and

of

adequacy

of

our

intellectual

property

protection

in

general.

13

Cautionary Statement Regarding Forward-Looking

Information (continued)

Appendix

•Business

and

operating

results

are

affected

by

our

ability

to

identify

and

effectively

manage

risks

inherent

in

our

businesses,

including,

where

appropriate,

through

effective

use

of

third-party

insurance,

derivatives,

and

capital

management

techniques,

and

to

meet

evolving

regulatory

capital

and

liquidity

standards.

In

particular,

our

results

currently

depend

on

our

ability

to

manage

elevated

levels

of

impaired

assets.

•Business

and

operating

results

also

include

impacts

relating

to

our

equity

interest

in

BlackRock,

Inc.

and

rely

to

a

significant

extent

on

information

provided

to

us

by

BlackRock.

Risks

and

uncertainties

that

could

affect

BlackRock

are

discussed

in

more

detail

by

BlackRock

in

its

SEC

filings.

•We

grow

our

business

in

part

by

acquiring

from

time

to

time

other

financial

services

companies,

financial

services

assets

and

related

deposits

and

other

liabilities.

Acquisition

risks

and

uncertainties

include

those

presented

by

the

nature

of

the

business

acquired,

including

in

some

cases

those

associated

with

our

entry

into

new

businesses

or

new

geographic

or

other

markets

and

risks

resulting

from

our

inexperience

in

those

new

areas,

as

well

as

risks

and

uncertainties

related

to

the

acquisition

transactions

themselves,

regulatory

issues,

and

the

integration

of

the

acquired

businesses

into

PNC

after

closing.

•Competition can have an impact on customer acquisition, growth and retention and on credit spreads and product pricing, which can

affect market share, deposits and revenues.  Industry restructuring in the current environment could also impact our business and

financial performance through changes in counterparty creditworthiness and performance and in the competitive and regulatory

landscape.  Our ability to anticipate and respond to technological changes can also impact our ability to respond to customer needs and

meet competitive demands.

•Business

and

operating

results

can

also

be

affected

by

widespread

natural

and

other

disasters,

dislocations,

terrorist

activities,

cyberattacks

or

international

hostilities

through

impacts

on

the

economy

and

financial

markets

generally

or

on

us

or

our

counterparties

specifically.

•We

provide

greater

detail

regarding

these

as

well

as

other

factors

in

our

2012

Form

10-K

and

our

2013

Form

10-Qs,

including

in

the

Risk

Factors

and

Risk

Management

sections

and

the

Legal

Proceedings

and

Commitments

and

Guarantees

Notes

of

the

Notes

To

Consolidated

Financial

Statements

in

those

reports,

and

in

our

subsequent

SEC

filings.

Our

forward-looking

statements

may

also

be

subject

to

other

risks

and

uncertainties,

including

those

we

may

discuss

elsewhere

in

this

presentation

or

in

SEC

filings,

accessible

on

the

SEC’s

website

at

www.sec.gov

and

on

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.

•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.

14

Notes

Appendix

Explanatory Notes

(A) Basel I Tier 1 common capital ratio is period-end Basel I Tier 1 common capital divided by period-end Basel I risk-weighted  

assets. 

(E) Excess cash recoveries represent cash payments from customers that exceeded the recorded investment of the designated

impaired loans.

(C) Pretax earnings is income before income taxes and noncontrolling interests.

(F) Efficiency ratio calculated as noninterest expense divided by total revenue.

(B) Pretax pre-provision earnings is defined as total revenue less noninterest expense. We believe that pretax pre-provision

earnings, a non-GAAP measure, is useful as a tool to help evaluate the ability to provide for credit costs through operations.

(D) ROAA is Return on Average Assets and ROACE is Return on Average Common Shareholders' Equity.

15

Estimated Pro forma Basel III Tier I Common Capital

Appendix

Basel I Tier 1 Common Capital Ratio

Dollars in millions

Dec. 31, 2013 (a)

Sept. 30, 2013

Dec. 31, 2012

Basel I Tier 1 common capital

$28,488

$27,540

$24,951

Basel I risk-weighted assets

271,192

             

266,698

           

260,847

               

Basel I Tier 1 common capital ratio

10.5%

10.3%

9.6%

(a) Estimated as of December 31, 2013.

Estimated Pro forma Basel III Tier 1 Common Capital Ratio

Dollars in millions

Dec. 31, 2013

Sept. 30, 2013

Dec. 31, 2012

Basel I Tier 1 common capital

$28,488

$27,540

$24,951

Less regulatory capital adjustments:

   Basel III quantitative limits

(1,398)

               

(2,011)

              

(2,330)

                  

   Accumulated other comprehensive income (a)

196

(231)

276

   All other adjustments

144

(49)

(396)

Estimated Basel III Tier 1 common capital

$27,430

$25,249

$22,501

Estimated Basel III advanced approaches risk-weighted assets

290,906

             

289,063

           

301,006

               

Pro forma Basel III Tier 1 common capital ratio

9.4%

8.7%

7.5%

(a) Represents net adjustments related to accumulated other comprehensive income for available for sale securities and pension and other postretirement benefit plans.

We provide information below regarding PNC’s pro forma fully phased-in Basel III Tier 1 common capital ratio and how it differs from the Basel I

Tier 1 common capital ratio. This Basel III ratio is calculated using PNC's estimated risk-weighted assets under the Basel III advanced

approaches.

Tier 1 common capital as defined under the Basel III rules differs materially from Basel I. For example, under Basel III, significant common

stock investments in unconsolidated financial institutions, mortgage servicing rights and deferred tax assets must be deducted from capital to the

extent they individually exceed 10%, or in the aggregate exceed 15%, of the institution's adjusted Tier 1 common capital. Also, Basel I

regulatory capital excludes certain other comprehensive income related to both available for sale securities and pension and other

postretirement plans, whereas under Basel III these items are a component of PNC's capital. Basel III risk-weighted assets were estimated

under the advanced approaches included in the Basel III rules and application of Basel II.5, and reflect credit, market and operational risk.

PNC utilizes this capital ratio estimate to assess its Basel III capital position (without the benefit of phase-ins), including comparison to similar

estimates made by other financial institutions. This Basel III capital estimate is likely to be impacted by any additional regulatory guidance and

the ongoing evolution, validation and regulatory approval of PNC's models integral to the calculation of advanced approaches risk-weighted

assets.

16

Tangible Book Value per Common Share

Appendix

Tangible Book Value per Common Share Ratio

Dollars in millions, except per share data

Dec. 31, 2013

Sept. 30, 2013

Dec. 31, 2012

Book value per common share

72.21

$                     

69.92

$                     

67.05

$                     

Tangible book value per common share

Common shareholders' equity

38,467

$                   

37,190

$                   

35,413

$                   

Goodwill and Other Intangible Assets (a)

(9,654)

                     

(9,690)

                     

(9,798)

                     

Deferred tax liabilities on Goodwill and Other Intangible Assets (a)

333

                         

340

                         

354

                         

Tangible common shareholders' equity

29,146

$                   

27,840

$                   

25,969

$                   

Period-end common shares outstanding (in millions)

533

                         

532

                         

528

                         

Tangible book value per common share

54.68

$                     

52.33

$                     

49.18

$                     

Tangible book value per common share is a non-GAAP financial measure and is calculated based on tangible common shareholders' equity

divided by period-end common shares outstanding. We believe this non-GAAP financial measure serves as a useful tool to help evaluate the

strength and discipline of a company's capital management strategies and as an additional, conservative measure of total company value.

(a) Excludes the impact from mortgage servicing rights of $1.6 billion at both December 31, 2013 and September 30, 2013 and $1.1 billion at

December 31, 2012.

17

Non-GAAP to GAAP Reconcilement

Appendix

$ in millions

Dec. 31, 2013

Sept. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Net interest margin, as reported

3.38%

3.47%

3.58%

3.81%

3.85%

Purchase accounting accretion (1)

$191

$199

$204

$249

$273

Purchase accounting accretion, if annualized

$758

$790

$818

$1,010

$1,086

Avg. interest earning assets

$270,485

$259,606

$256,102

$256,180

$253,643

Annualized purchase accounting accretion/Avg. interest-earning assets

0.28%

0.30%

0.32%

0.38%

0.42%

Core net interest margin (2)

3.10%

3.17%

3.26%

3.43%

3.43%

For the three months ended

(1) Purchase accounting accretion is scheduled purchase accounting accretion plus cash recoveries.

(2)

PNC

believes

that

core

net

interest

margin,

a

non-GAAP

measure,

is

useful

as

a

tool

to

help

evaluate

the

impact

of

purchase

accounting

accretion

on

net interest margin.  The adjustment represents annualized purchase accounting accretion divided by average interest-earning assets.

$ in millions

Dec. 31, 2013

Sept. 30, 2013

% Change

Dec. 31, 2013

Dec. 31, 2012

% Change

   Net interest income

$2,266

$2,234

1%

$9,147

$9,640

-5%

   Noninterest income

$1,807

$1,686

7%

$6,865

$5,872

17%

Total revenue

$4,073

$3,920

4%

$16,012

$15,512

3%

Noninterest expense

($2,547)

($2,424)

5%

($9,801)

($10,582)

-7%

Pretax pre-provision earnings (1)

$1,526

$1,496

2%

$6,211

$4,930

26%

Net income

$1,061

$1,039

2%

$4,227

$3,001

41%

(1) PNC believes that pretax, pre-provision earnings, a non-GAAP measure, is useful as a tool to help evaluate the ability

     to provide for credit costs through operations.

For

the quarter ended

For

the year ended

18

Non-GAAP to GAAP Reconcilement

Appendix

$ in millions

Dec. 31, 2013

Dec. 31, 2012

% change

Core net interest income (a)

$8,304

$8,516

-2%

Total purchase accounting accretion (a)

Scheduled accretion net of contractual interest

$728

$967

Excess cash recoveries

$115

$157

Total purchase accounting accretion

$843

$1,124

Total net interest income

$9,147

$9,640

-5%

For the year ended

(a) We believe that core net interest income and purchase accounting accretion are useful in evaluating

components of net interest income.

19

Non-GAAP to GAAP Reconcilement

Appendix

$ in millions

Dec. 31, 2013

Sept. 30, 2013

% change

Dec. 31, 2013

Dec. 31, 2012

% change

Asset management

$364

$330

$1,342

$1,169

Consumer services

$327

$316

$1,253

$1,136

Corporate services

$301

$306

$1,210

$1,166

Residential mortgage

$271

$199

$871

$284

Deposit service charges

$158

$156

$597

$573

Total fee income, as reported

$1,421

$1,307

9%

$5,273

$4,328

22%

Benefit/(Provision) for residential mortgage repurchase obligations

$124

$6

$53

($761)

$1,297

$1,301

0%

$5,220

$5,089

3%

Fee income, adjusted for benefit/(provision) for residential mortgage

repurchase obligations

For

the quarter ended

For

the year ended

$ in millions

Dec. 31, 2013

Dec. 31, 2012

% change

Asset management

$1,342

$1,169

Consumer services

$1,253

$1,136

Corporate services

$1,210

$1,166

Residential mortgage

$871

$284

Deposit service charges

$597

$573

Total fee income, as reported

$5,273

$4,328

22%

Residential mortgage

($871)

($284)

$4,402

$4,044

9%

Fee income, adjusted for Residential mortgage

For

the year ended