The PNC Financial Services Group, Inc.

First Quarter 2015

Earnings Conference Call

April 15, 2015

Exhibit 99.2

2

Cautionary Statement Regarding Forward-Looking

Information and Adjusted Information

Our earnings conference call presentation 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 and on its corporate website.

The

presentation

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, and in our SEC filings. We provide greater detail regarding these as well as other factors in our 2014 Form 10-K 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

our

SEC

filings.

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 include non-GAAP financial information. Non-GAAP financial information includes metrics such as

pre-tax provision earnings, tangible book value, and taxable equivalent net interest income, as well as adjusted results and certain

information used to review components of reported information. When we do so, we provide GAAP reconciliations for such information. Such

reconciliations may be found in our presentation, in these slides, including the Appendix, in other materials on our corporate website, and in

our SEC filings. 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 information and the related reconciliations may be useful to investors, analysts,

regulators

and

others

to

help

understand

and

evaluate

our

financial

results.

We

may

also

use

annualized,

pro

forma,

estimated

or

third

party

numbers for illustrative or comparative purposes only. These may

not reflect actual results.

References

to

our

corporate

website

are

to

www.pnc.com

under

“About

Us–Investor

Relations.”

Our

SEC

filings

are

available

both

on

our

corporate website and on the SEC’s website at www.sec.gov. We include web addresses here as inactive textual references only. Information

on these websites is not part of this presentation.

3

1Q15 Highlights

1Q15 financial

summary

Net income

Diluted EPS from

net income

Return on average

assets

$1.0 billion

$1.75

1.17%

(1)

See

Reconcilement

section

of

the

Appendix.

(2)

Estimated

as

of

March

31,

2015.

For

1Q15,

the

resulting

fully

phased-in

Basel

III

common

equity

Tier

1

capital

ratio

was

calculated

based

on

standardized

approach

RWAs

and

rules.

See

Estimated

Transitional

Basel

III

and

Pro

forma

Fully

Phased-In

Basel

III

Common

Equity

Tier

1

Capital

Ratios

slides

and

related

information

in

the

Appendix

for

further

details.

(3)

Repurchased

under

our

2014

capital

plan

authorization

of

up

to

$1.5

billion

of

common

stock

for

four

quarter

period

2Q14

through

1Q15.

(4)

Through

2Q16,

ability

to

purchase

full

amount

is

subject

to

factors

such

as

market

and

general

economic

conditions,

economic

capital

and

regulatory

capital

conditions,

alternative

uses

of

capital,

regulatory

and

contractual

limitations,

issuances

related

to

employee

benefit

plans

and

the

potential

impact

on

credit

ratings.

Solid first quarter

–

Grew average loans, deposits and securities

–

Revenue impacted by seasonal trends

–

Well-managed expenses: declined 7% linked quarter

–

Credit quality improved modestly

Progress on strategic priorities

–

Fee income grew 7% vs 1Q14

(1)

Strong capital position

–

Pro forma fully phased-in Basel III common equity Tier 1 capital ratio of 9.9%

(2)

–

Capital actions

Increased quarterly common stock dividend by 6% to $0.51 for 2Q15

Repurchased 4.4 million common shares for $0.4 billion

in 1Q15

(3)

Plan to repurchase up to $2.875 billion of common stock over the

five

quarter period starting in 2Q15

(4)

4

Higher Commercial Loans, Deposits and Liquidity

Investment securities increased

$3.0 billion due to higher

reinvestment activity

Total loans increased $2.3 billion 

–

Total Commercial grew $2.9   

billion

–

Total Consumer declined $0.6

billion

Interest–earning deposits with

banks increased $2.7 billion

Total deposits grew $3.7 billion

Highlights (Avg. Balances)

Category (billions)

1Q15

4Q14

1Q14

Investment securities

$57.2

5%

(2%)

Total commercial lending

$129.3

2%

9%

Total consumer lending

$75.9

(1%)

(3%)

Total loans

$205.2

1%

4%

Interest-earning deposits with

banks

$30.4

10%

150%

Total assets

$348.1

2%

9%

Total deposits

$233.1

2%

7%

Total equity

$46.0

0%

4%

Average Balances

Linked Quarter:

Prior Year Quarter:

Total loans grew $8.6 billion

Non-strategic loans declined

$1.7 billion impacting both

Commercial and Consumer

lending

Interest-earning deposits with

banks grew $18.2 billion

Total deposits increased $14.7

billion

% change from:

5

Common shares outstanding down

3 million

Repurchased 4.4 million common

shares for approximately $400

million during the quarter

Fully phased-in Basel III

standardized RWAs increased $5.7

billion

Strong Capital Position

(1)

See

Note

A

in

the

Appendix

for

additional

details.

(2)

March

31,

2015

ratio

estimated.

(3)

See

Estimated

Transitional

Basel

III

and

Pro

forma

Fully

Phased-In

Basel

III

Common

Equity

Tier

1

Capital

Ratios

slides

and

related

information

in

the

Appendix

for

further

details.

(4)

Calculated

on

a

pro

forma

basis

without

the

benefit

of

the

Basel

III

phase-in

provisions.

For

1Q15,

4Q14

and

1Q14,

the

pro

forma

fully

phased-in

Basel

III

common

equity

Tier

1

ratios

were

calculated

based

on

standardized

approach

RWAs

and

rules.

(5)

See

Appendix

for

additional

information

related

to

tangible

book

value

per

common

share.

Highlights

Risk-weighted assets (RWAs):

Mar. 31,

2015

Dec. 31,

2014

Mar. 31,

2014

Estimated fully phased-in Basel III 

standardized approach RWAs

(1)

$304,464

$298,786

$293,310

Pro forma fully phased-In Basel III

common equity Tier 1

(4)

9.9%

10.0%

9.7%

Linked Quarter:

Prior Year Quarter:

Pro forma fully phased-in Basel

III common equity Tier I capital

ratio increased 20 bps

Tangible book value per

common share grew 9%

(5)

Mar. 31,

2015

Dec. 31,

2014

Mar. 31,

2014

Book value per common share

$78.99

$77.61

$73.73

Tangible book value per common share

(5)

$61.21

$59.88

$56.33

Common shares outstanding (millions)

520

523

534

Capital ratio:

(2,3)

(millions)

6

Revenue declined primarily due to

higher gains on asset dispositions in

4Q14 and seasonality

Noninterest expense decrease was

driven by specific elevated expenses

in 4Q14 and continued expense

management

Provision for credit losses stable

Results As Expected      

Highlights

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

Linked Quarter:

(millions)

1Q15

4Q14

1Q14

Net interest income

$2,072

(1%)

(6%)

Noninterest income

1,659

(10%)

5%

Total revenue

3,731

(5%)

(1%)

Noninterest expense

2,349

(7%)

4%

Pretax pre-provision

earnings

(1,4)

1,382

(2%)

(9%)

Provision

54

4%

(43%)

Pretax earnings

(2)

$1,328

(2%)

(6%)

Net income

$1,004

(5%)

(5%)

Net income attributable to

diluted common shares

$926

(6%)

(6%)

Prior Year Quarter:

Revenue decreased as a result of

lower NII partially offset by strong

noninterest income growth 

Noninterest expense increase

reflects investments in technology

and business infrastructure and

higher benefits costs   

% change from:

1Q15

4Q14

1Q14

Returns

ROAA

(3)

1.17%

1.23%

1.35%

ROACE

(3)

9.32%

9.67%

10.36%

7

Average interest-earning assets

increased 9%

NII decreased 6% as Core NII was

primarily impacted by lower loan

yields and liquidity-related actions

PAA lower as scheduled accretion

declined

NIM down mostly due to:

Average interest-earning assets

grew 3%

Core NII

(3)

and NII were relatively

stable and impacted approximately

$30 million by two fewer days in the

quarter  

Stable NII

(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) (PAA). See also Note E in the Appendix. (2) Core NIM is net interest margin (NIM) less (annualized PAA/average

interest-earning assets). (3) See Reconcilement section of the Appendix.

Core NII

(1)

$1,944

($27)

($88)

Plus purchase accounting

accretion (PAA)

128

2

(35)

Total NII

$2,072

(25)

(123)

1Q15

4Q14

1Q14

Margins

Net interest margin (NIM)

2.82%

2.89%

3.26%

Core NIM

(2,3)

2.65%

2.72%

3.02%

Highlights

Linked Quarter:

1Q15

4Q14

1Q14

Average interest-earning

assets (billions)

$301.7

$7.8

$25.9

(millions)

Prior Year Quarter:

$ change from:

–

Balance sheet management

activities; increased liquidity

–

Lower loan yields

–

Lower PAA

8

Fee income declined 4%

(2)

due to

seasonality

Residential mortgage grew 21%

and benefited from higher net

hedging gains on RMSR

Asset management stable

Other income declined largely

due to higher gains on asset

dispositions in 4Q14

Noninterest income grew 5%

Fee income increased 7%

(2)

Strong growth across all fee

income categories

Revenue Reflects Seasonal Factors    

Highlights

(1)

Asset

management

includes

the

Asset

Management

Group

(AMG)

and

BlackRock.

(2)

See

Reconcilement

section

of

the

Appendix.

(3)

Total

other

noninterest

income

includes

net

gains

(losses)

on

sales

of

securities,

net-other-than-temporary

impairments

and

other

income

(including

gains

on

asset

dispositions).

Linked Quarter:

(millions)

1Q15

4Q14

1Q14

Asset management

(1)

$376

$-

$12

Consumer services

311

(10)

21

Corporate services

344

(53)

43

Residential mortgage

164

29

3

Service charges on deposits

153

(27)

6

Fee income

(2)

1,348

(61)

85

Total other noninterest   

income

(3)

311

(130)

(8)

Total noninterest income

$1,659

($191)

$77

1Q15

4Q14

1Q14

Noninterest income to total

revenue

44%

47%

42%

Prior Year Quarter:

$ change from:

9

Solid progress towards 2015 CIP

(2)

target of $400 million

Disciplined Expense Management While Investing for

Growth

Noninterest expense decline of 7%

reflects specific elevated expenses

which occurred in 4Q14 as well as

continued disciplined expense

management

Personnel expense declined due to

lower incentive compensation and

was partially offset by higher

benefits costs

Highlights

Linked Quarter:

(1) See Note F in the Appendix. (2) CIP refers to PNC’s Continuous Improvement Program.

(millions)

1Q15

4Q14

1Q14

Personnel

$1,157

($13)

$77

Occupancy

216

-

(2)

Equipment

222

(12)

21

Marketing

62

(5)

10

Other

692

(160)

(21)

Total noninterest expense

$2,349

($190)

$85

1Q15

4Q14

1Q14

Efficiency ratio

(1)

63%

64%

60%

Prior Year Quarter:

Noninterest expense increased 4%

mostly due to investments in

technology and business

infrastructure and higher benefits

costs

$ change from:

10

Overall credit quality

improved

1Q15

4Q14

1Q14

4Q14

1Q14

Nonperforming

loans

(1,2)

$2,405

$2,510

$2,947

(4%)

(18%)

Total Past Due

(1,3)

$1,750

$1,946

$2,226

(10%)

(21%)

Commercial Lending

$1

($1)

$31

NM

(97%)

Consumer Lending

102

119

155

(14%)

(34%)

Total Net Charge-offs

$103

$118

$186

(13%)

(45%)

Provision

$54

$52

$94

4%

(43%)

1Q15

4Q14

1Q14

Loan loss reserves to

total loans

(4)

1.61%

1.63%

1.78%

Credit Quality Improved Modestly

Highlights

(millions)

Overall credit quality

improved modestly

–

Overall delinquencies

declined

–

Net charge-offs

decreased and were

.20% of average

loans

(5)

–

Provision for credit

losses stable

Maintained appropriate

reserves

% change from:

As

of

quarter

end

except

net

charge-offs

and

provision,

which

are

for

the

quarter.

(1)

Does

not

include

purchased

impaired

loans

or

loans

held

for

sale.

(2)

Does

not

include

foreclosed

and

other

assets.

Excludes

certain

government

insured

or

guaranteed

loans

and

loans

accounted

for

under

the

fair

value

option.

(3)

Includes

loans

that

are

government

guaranteed/insured,

primarily

residential

mortgages.

Past

due

loans

in

this

category

totaled

$1.2

billion

in

1Q15.

(4)

See

Note

G

in

the

Appendix

for

additional

details.

(5)

Net

charge-offs

to

average

loans

for

1Q15

(annualized).

Linked Quarter:

Prior Year Quarter:

11

Outlook

(1)

–

2Q15 vs. 1Q15

(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.

(2)

Fee

income

refers

to

noninterest

income

in

the

following

categories:

asset

management,

consumer

services,

corporate

services,

residential

mortgage,

and

service

charges

on

deposits.

12

Cautionary Statement Regarding Forward-Looking

Information

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

an

above

trend

growth

rate

near

3.2

percent

in

2015,

boosted

by

lower

oil/energy

prices,

and

that

short-term

interest

rates

and

bond

yields

will

rise

only

slowly

in

the

latter

half

of

2015.

These

forward-looking

statements

also

do

not,

unless

otherwise

indicated,

take

into

account

the

impact

of

potential

legal

and

regulatory

contingencies.

13

Cautionary Statement Regarding Forward-Looking

Information (continued)

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 at least in part on the 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 current and historical 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.

14

Cautionary Statement Regarding Forward-Looking

Information (continued)

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,

pandemics,

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 2014 Form 10-K, 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

that

report,

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 our 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, pro forma, estimated, third party or consensus numbers in this presentation are used for illustrative or comparative purposes only and may not

reflect actual results.

15

Notes

Explanatory Notes

(A) Basel III standardized approach risk-weighted assets were estimated based on the Basel III standardized approach rules and

include credit and market risk-weighted assets.

(G) The allowance for loan and lease losses includes impairment reserves attributable to purchased impaired loans.

(E) PNC believes that core net interest income, a non-GAAP financial measure, is useful in evaluating the performance of our

interest-based activities.

(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 financial 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.

16

Estimated Transitional Basel III and Pro forma Fully Phased-

In Basel III Common Equity Tier 1 Capital Ratios

As a result of the staggered effective dates of the final U.S. Basel III regulatory capital rules (Basel III rules),

as well as the fact that PNC remains in the parallel run qualification phase for the advanced approaches,

PNC’s regulatory risk-based capital ratios in 2015 will be calculated using the standardized approach for

determining risk-weighted assets, and the definitions of, and deductions from, regulatory capital under the

Basel III rules (as such definitions and deductions are phased-in for 2015). We refer to the capital ratios

calculated using the phased-in Basel III provisions in effect for 2015 and the standardized approach risk-

weighted assets as the 2015 Transitional Basel III ratios. Under the standardized approach for determining

credit risk-weighted assets, exposures are generally assigned a predefined risk weight. Exposures to high

volatility commercial real estate, past due exposures, equity exposures and securitization exposures are

generally subject to higher risk weights than other types of exposures.

We provide information on the next slide regarding PNC’s estimated 2015 and 2014 Transitional Basel

III common equity Tier 1 ratios and PNC’s estimated pro forma fully phased-in Basel III common

equity Tier 1 ratio. Under the Basel III rules adopted by the U.S. banking agencies, significant

common stock investments in unconsolidated financial institutions, mortgage servicing rights and

deferred tax assets must be deducted from capital (subject to a phase-in schedule) to the extent

they individually exceed 10%, or in the aggregate exceed 15%, of the institution's adjusted common

equity Tier 1 capital. Also, Basel III regulatory capital includes (subject to a phase-in schedule)

accumulated other comprehensive income related to securities currently and previously held as

available for sale, as well as pension and other postretirement plans.

PNC's regulatory risk-based capital ratios in 2014 were based on the definitions of, and deductions

from, regulatory capital under the Basel III rules (as such definitions and deductions were phased-in

for 2014) and Basel I risk-weighted assets (but subject to certain adjustments as defined by the

Basel III rules). We refer to the 2014 capital ratios calculated using these phased-in Basel III

provisions and Basel I risk-weighted assets as the 2014 Transitional Basel III ratios.

17

Estimated Transitional Basel III and Pro forma Fully Phased-

In Basel III Common Equity Tier 1 Capital Ratios

  2015 Transitional Basel III

        2014 Transitional Basel III

  Pro forma Fully Phased-In Basel III

Dollars in millions

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2014

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2014

Common stock, related surplus, and retained earnings, net of treasury stock

$40,374

$40,103

$38,722

$40,374

$40,103

$38,722

Less regulatory capital adjustments:

Goodwill and disallowed intangibles, net of deferred tax liabilities

(9,013)

                               

(8,939)

               

(8,932)

            

(9,251)

         

(9,276)

           

(9,291)

        

Basel III total threshold deductions

(418)

                                  

(212)

                  

(214)

               

(1,046)

         

(1,081)

           

(1,186)

        

Accumulated other comprehensive income (a)

115

40

82

288

201

410

All other adjustments

(107)

(63)

(16)

(150)

(121)

(106)

Estimated Basel III Common equity Tier 1 capital

30,951

$                             

30,929

$            

29,642

$          

30,215

$       

29,826

$        

28,549

$     

Estimated Basel I risk-weighted assets calculated in accordance with

transition rules (b)

N/A

284,018

$           

273,826

$        

N/A

N/A

N/A

Estimated Basel III standardized approach risk-weighted assets (c)

296,764

$                           

N/A

N/A

304,464

$     

298,786

$       

293,310

$    

Estimated Basel III advanced approaches risk-weighted assets (d)

N/A

N/A

N/A

286,954

$     

285,870

$       

289,441

$    

Estimated Basel III Common equity Tier 1 capital ratio

10.4%

10.9%

10.8%

9.9%

10.0%

9.7%

Risk-weight and associated rules utilized

Standardized (with 2015

transition adjustments)

Basel I (with 2014

transition

adjustments)

Basel I (with

2014 transition

adjustments)

Standardized

Standardized

Standardized

(a) Represents net adjustments related to accumulated other comprehensive income for securities currently and previously held as available for sale, as well as

pension and other postretirement plans.

(b) Includes credit and market risk-weighted assets.

(c) Basel III standardized approach risk-weighted assets were estimated based on the Basel III standardized approach rules and include credit and market risk-weighted assets.

(d) Basel III advanced approaches risk-weighted assets were estimated based on the Basel III advanced approaches rules, and include credit, market and operational risk-weighted assets.

PNC utilizes the pro forma fully phased-in Basel III capital ratios to assess its capital position (without the benefit of phase-ins), including comparison to similar estimates made by other financial

institutions. Our Basel III capital ratios and estimates may be impacted by additional regulatory guidance or analysis, and, in the case of those ratios calculated using the advanced approaches,

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

18

Tangible Book Value per Common Share

% Change

Tangible Book Value per Common Share Ratio

3/31/15 vs.

12/31/14

3/31/15 vs.

3/31/14

Dollars in millions, except per share data

Mar. 31, 2015

Dec. 31, 2014

Mar. 31, 2014

Book value per common share

78.99

$        

77.61

$         

73.73

$        

2%

7%

Tangible book value per common share

Common shareholders' equity

41,077

$      

40,605

$       

39,378

$      

Goodwill and Other Intangible Assets (a)

(9,566)

        

(9,595)

         

(9,621)

        

Deferred tax liabilities on Goodwill and Other Intangible Assets

317

            

320

             

331

            

Tangible common shareholders' equity

31,828

$      

31,330

$       

30,088

$      

Period-end common shares outstanding (in millions)

520

            

523

             

534

            

Tangible book value per common share (Non-GAAP)

61.21

$        

59.88

$         

56.33

$        

2%

9%

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

shareholders’ equity divided by period-end common shares outstanding. We believe this non-GAAP 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 $1.3 billion at March 31, 2015, $1.4 billion at December

31, 2014, and $1.6 billion at March 31, 2014.

19

Non-GAAP to GAAP Reconcilement

For the three months ended

$ in millions

Mar. 31, 2015

Dec. 31, 2014

% Change

Mar. 31, 2014

% Change

Asset management

$376

$376

0%

$364

3%

Consumer services

$311

$321

-3%

$290

7%

Corporate services

$344

$397

-13%

$301

14%

Residential mortgage

$164

$135

21%

$161

2%

Service charges on deposits

$153

$180

-15%

$147

4%

Total fee income

$1,348

$1,409

-4%

$1,263

7%

Net gains (losses) on sales of securities

$42

$0

$10

Net other-than-temporary impairments

($1)

($7)

($2)

Other

$270

$448

$311

   Total noninterest income, as reported

$1,659

$1,850

-10%

$1,582

5%

For the three months ended

$ in millions

Mar. 31, 2015

Dec. 31, 2014

% Change

Mar. 31, 2014

% Change

   Net interest income

$2,072

$2,097

-1%

$2,195

-6%

   Noninterest income

$1,659

$1,850

-10%

$1,582

5%

Total revenue

$3,731

$3,947

-5%

$3,777

-1%

Noninterest expense

($2,349)

($2,539)

-7%

($2,264)

4%

Pretax pre-provision earnings (1)

$1,382

$1,408

-2%

$1,513

-9%

Net income

$1,004

$1,057

-5%

$1,060

-5%

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

help evaluate the ability to provide for credit costs through operations.

20

Non-GAAP to GAAP Reconcilement

For the three months ended

$ in millions

Mar. 31, 2015

Mar. 31, 2014

% change

Asset management

$376

$364

Consumer services

$311

$290

Corporate services

$344

$301

Residential mortgage

$164

$161

Service charges on deposits

$153

$147

Total fee income

$1,348

$1,263

Net gains (losses) on sales of securities

$42

$10

Net other-than-temporary impairments

($1)

($2)

Other

$270

$311

   Total noninterest income, as reported

$1,659

$1,582

5%

Corporate services

$344

$301

14%

Less commercial facility fees in corporate services

($32)

$0

as a result of reclassification (1)

$312

$301

4%

      facility fees reclassification

   Corporate services, adjusted for commercial

(1) Beginning in 2Q14, certain commercial facility fees were classified from net interest

income to noninterest income.

21

Non-GAAP to GAAP Reconcilement

$ in millions

Mar. 31,

2015

Dec. 31,

2014

Sept. 30,

2014

Jun. 30,

2014

Mar. 31,

2014

Net interest margin, as reported

2.82%

2.89%

2.98%

3.12%

3.26%

Purchase accounting accretion (1)

$128

$126

$147

$147

$163

Purchase accounting accretion, if annualized

$519

$500

$583

$590

$661

Avg. interest earning assets

$301,673

$293,905

$284,951

$278,369

$275,778

Annualized purchase accounting accretion/Avg. interest-earning assets

0.17%

0.17%

0.20%

0.20%

0.24%

Core net interest margin (2)

2.65%

2.72%

2.78%

2.92%

3.02%

   For the three months ended

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

(2) PNC believes that core net interest margin, a non-GAAP financial 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.

For the three months ended

$ in millions

Mar. 31, 2015

Dec. 31, 2014

% Change

Mar. 31, 2014

% Change

Net Interest Income

Core net interest income (a)

$1,944

$1,971

-1%

$2,032

-4%

Total purchase accounting accretion

Scheduled accretion net of contractual interest

95

94

1%

134

-29%

Excess cash recoveries

33

32

3%

29

14%

Total purchase accounting accretion

128

126

2%

163

-21%

Total net interest income

$2,072

$2,097

-1%

$2,195

-6%

(a) We believe that core net interest income, a non-GAAP financial measure, is useful in evaluating the performance of our interest-

based activities.