EX-99.1

Exhibit 99.1

LOGO

THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2015

(Unaudited)

THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2015

(UNAUDITED)


	Page
Consolidated Results:

Income Statement		1
Balance Sheet		2
Per Share Related Information		3
Average Balance Sheet		4-5
Details of Net Interest Margin		6
Total and Core Net Interest Income and Net Interest Margin		7
Loans		8
Purchase Accounting Accretion and Valuation of Purchased Impaired Loans		8
Allowance for Credit Losses		9
Nonperforming Assets and Troubled Debt Restructurings		10-11
Accruing Loans Past Due		12

Business Segment Results:

Descriptions		13
Period End Employees		13
Income and Revenue		14
Retail Banking		15-16
Corporate & Institutional Banking		17-18
Asset Management Group		19
Residential Mortgage Banking		20
Non-Strategic Assets Portfolio		21
Glossary of Terms		22-26

The information contained in this Financial Supplement is preliminary, unaudited and based on data available on January 15, 2016. We have reclassified certain prior period amounts to be consistent with the current period presentation, which we believe is more meaningful to readers of our consolidated financial statements. This information speaks only as of the particular date or dates included in the schedules. We do not undertake any obligation to, and disclaim any duty to, correct or update any of the information provided in this Financial Supplement. Our future financial performance is subject to risks and uncertainties as described in our United States Securities and Exchange Commission (SEC) filings.

BUSINESS

PNC is one of the largest diversified financial services companies in the United States and is headquartered in Pittsburgh, Pennsylvania. PNC has businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, providing many of its products and services nationally, as well as other products and services in PNC’s primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, Florida, North Carolina, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Georgia, Missouri, Wisconsin and South Carolina. PNC also provides certain products and services internationally.

The PNC Financial Services Group, Inc.

Cross-Reference Index to Fourth Quarter and Full Year 2015 Financial Supplement (Unaudited)

Financial Supplement Table Reference


Table	Description	Page
1	Consolidated Income Statement		1
2	Consolidated Balance Sheet		2
3	Per Share Related Information		3
4	Average Consolidated Balance Sheet		4-5
5	Supplemental Average Balance Sheet Information		5
6	Details of Net Interest Margin		6
7	Total and Core Net Interest Income		7
8	Details of Net Interest Margin		7
9	Details of Core Net Interest Margin		7
10	Details of Loans		8
11	Accretion - Purchased Impaired Loans		8
12	Valuation of Purchased Impaired Loans		8
13	Change in Allowance for Loan and Lease Losses		9
14	Nonperforming Assets By Type		10
15	Change in Nonperforming Assets		11
16	Largest Individual Nonperforming Assets at December 31, 2015		11
17	Summary of Troubled Debt Restructurings		11
18	Accruing Loans Past Due 30 To 59 Days		12
19	Accruing Loans Past Due 60 To 89 Days		12
20	Accruing Loans Past Due 90 Days or More		12
21	Period End Employees		13
22	Summary of Business Segment Income and Revenue		14
23	Retail Banking		15-16
24	Corporate & Institutional Banking		17-18
25	Asset Management Group		19
26	Residential Mortgage Banking		20
27	Non-Strategic Assets Portfolio		21


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 1

Table 1: Consolidated Income Statement (Unaudited)


	Three months ended															Year ended
In millions, except per share data	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014			December 31 2015			December 31 2014
Interest Income
Loans	$	1,806		$	1,804		$	1,791		$	1,802		$	1,835		$	7,203		$	7,427
Investment securities		443			423			407			406			398			1,679			1,624
Other		109			114			107			111			104			441			380

Total interest income		2,358			2,341			2,305			2,319			2,337			9,323			9,431

Interest Expense
Deposits		106			107			98			92			86			403			325
Borrowed funds		160			172			155			155			154			642			581

Total interest expense		266			279			253			247			240			1,045			906

Net interest income		2,092			2,062			2,052			2,072			2,097			8,278			8,525

Noninterest Income
Asset management		399			376			416			376			376			1,567			1,513
Consumer services		349			341			334			311			321			1,335			1,254
Corporate services		394			384			369			344			397			1,491			1,415
Residential mortgage		113			125			164			164			135			566			618
Service charges on deposits		170			172			156			153			180			651			662
Net gains (losses) on sales of securities (a)		2			(9	)		8			42			—			43			4
Other		334			324			367			269			441			1,294			1,384

Total noninterest income		1,761			1,713			1,814			1,659			1,850			6,947			6,850

Total revenue		3,853			3,775			3,866			3,731			3,947			15,225			15,375
Provision For Credit Losses		74			81			46			54			52			255			273
Noninterest Expense
Personnel		1,252			1,222			1,200			1,157			1,170			4,831			4,611
Occupancy		208			209			209			216			216			842			833
Equipment		245			227			231			222			234			925			859
Marketing		56			64			67			62			67			249			253
Other		635			630			659			692			852			2,616			2,932

Total noninterest expense		2,396			2,352			2,366			2,349			2,539			9,463			9,488

Income before income taxes and noncontrolling interests		1,383			1,342			1,454			1,328			1,356			5,507			5,614
Income taxes		361			269			410			324			299			1,364			1,407

Net income		1,022			1,073			1,044			1,004			1,057			4,143			4,207

Less: Net income (loss) attributable to noncontrolling interests		14			18			4			1			21			37			23
Preferred stock dividends and discount accretion and redemptions (b)		43			64			48			70			48			225			237

Net income attributable to common shareholders	$	965		$	991		$	992		$	933		$	988		$	3,881		$	3,947

Earnings Per Common Share
Basic	$	1.90		$	1.93		$	1.92		$	1.79		$	1.88		$	7.52		$	7.44
Diluted	$	1.87		$	1.90		$	1.88		$	1.75		$	1.84		$	7.39		$	7.30

Average Common Shares Outstanding
Basic		506			512			517			521			524			514			529
Diluted		513			520			525			529			532			521			537

Efficiency		62	%		62	%		61	%		63	%		64	%		62	%		62	%
Noninterest income to total revenue		46	%		45	%		47	%		44	%		47	%		46	%		45	%
Effective tax rate (c)		26.1	%		20.0	%		28.2	%		24.4	%		22.1	%		24.8	%		25.1	%

(a)	Net gains (losses) on sales of securities was less than $.5 million for the three months ended December 31, 2014.

(b)	Dividends are payable quarterly other than Series O and Series R preferred stock, which are payable semiannually in different quarters.

(c)	The effective income tax rates are generally lower than the statutory rate due to the relationship of pretax income to tax credits and earnings that are not subject to tax.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 2

Table 2: Consolidated Balance Sheet (Unaudited)


In millions, except par value	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014
Assets
Cash and due from banks (a)	$	4,065		$	3,835		$	4,412		$	4,151		$	4,360
Federal funds sold and resale agreements (b)		1,369			1,534			1,971			1,893			1,852
Trading securities		1,726			1,901			2,334			2,151			2,353
Interest-earning deposits with banks (a) (c)		30,546			34,224			33,969			31,198			31,779
Loans held for sale (b)		1,540			2,060			2,357			2,423			2,262
Investment securities		70,528			68,066			61,362			60,768			55,823
Loans (a) (b)		206,696			204,983			205,153			204,722			204,817
Allowance for loan and lease losses (a)		(2,727	)		(3,237	)		(3,272	)		(3,306	)		(3,331	)

Net loans		203,969			201,746			201,881			201,416			201,486
Goodwill		9,103			9,103			9,103			9,103			9,103
Mortgage servicing rights		1,589			1,467			1,558			1,333			1,351
Other intangible assets		379			407			435			463			493
Equity investments (a) (d)		10,587			10,497			10,531			10,523			10,728
Other (a) (b)		23,092			27,285			24,032			25,538			23,482

Total assets	$	358,493		$	362,125		$	353,945		$	350,960		$	345,072

Liabilities
Deposits
Noninterest-bearing	$	79,435		$	78,239		$	77,369		$	74,944		$	73,479
Interest-bearing		169,567			166,740			162,335			161,559			158,755

Total deposits		249,002			244,979			239,704			236,503			232,234
Borrowed funds
Federal funds purchased and repurchase agreements		1,777			2,077			2,190			2,202			3,510
Federal Home Loan Bank borrowings		20,108			21,664			22,193			21,224			20,005
Bank notes and senior debt		21,298			19,749			18,529			16,205			15,750
Subordinated debt		8,556			9,242			9,121			9,228			9,151
Commercial paper		14			1,125			2,956			4,399			4,995
Other (a) (b)		2,779			2,806			3,287			3,571			3,357

Total borrowed funds		54,532			56,663			58,276			56,829			56,768
Allowance for unfunded loan commitments and letters of credit		261			266			246			234			259
Accrued expenses (a)		4,975			5,185			5,031			5,039			5,187
Other (a)		3,743			8,754			4,776			5,917			4,550

Total liabilities		312,513			315,847			308,033			304,522			298,998

Equity
Preferred stock (e)
Common stock - $5 par value
Authorized 800 shares, issued 542, 542, 542, 541, and 541 shares		2,708			2,708			2,708			2,706			2,705
Capital surplus - preferred stock		3,452			3,450			3,449			3,948			3,946
Capital surplus - common stock and other		12,745			12,675			12,632			12,561			12,627
Retained earnings		29,043			28,337			27,609			26,882			26,200
Accumulated other comprehensive income (loss)		130			615			379			703			503
Common stock held in treasury at cost: 38, 32, 26, 21 and 18 shares		(3,368	)		(2,837	)		(2,262	)		(1,775	)		(1,430	)

Total shareholders’ equity		44,710			44,948			44,515			45,025			44,551
Noncontrolling interests		1,270			1,330			1,397			1,413			1,523

Total equity		45,980			46,278			45,912			46,438			46,074

Total liabilities and equity	$	358,493		$	362,125		$	353,945		$	350,960		$	345,072

(a)	Amounts include consolidated variable interest entities. Our third quarter 2015 Form 10-Q included, and our 2015 Form 10-K will include, additional information regarding these items.

(b)	Amounts include assets and liabilities for which PNC has elected the fair value option. Our third quarter 2015 Form 10-Q included, and our 2015 Form 10-K will include, additional information regarding these items.

(c)	Amounts include balances held with the Federal Reserve Bank of Cleveland of $30.0 billion, $33.8 billion, $33.6 billion, $30.8 billion, and $31.4 billion as of December 31, 2015, September 30, 2015, June 30, 2015, March 31, 2015, and December 31, 2014, respectively.

(d)	Amounts include our equity interest in BlackRock.

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


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 3

Table 3: Per Share Related Information (Unaudited)


	Three months ended										Year ended
In millions, except per share data	December 31 2015		September 30 2015		June 30 2015		March 31 2015		December 31 2014		December 31 2015		December 31 2014
Basic
Net income	$	1,022	$	1,073	$	1,044	$	1,004	$	1,057	$	4,143	$	4,207
Less:
Net income (loss) attributable to noncontrolling interests		14		18		4		1		21		37		23
Preferred stock dividends and discount accretion and redemptions (a)		43		64		48		70		48		225		237

Net income attributable to common shareholders		965		991		992		933		988		3,881		3,947
Less:
Dividends and undistributed earnings allocated to nonvested restricted shares		4		—		—		2		2		17		11

Net income attributable to basic common shares	$	961	$	991	$	992	$	931	$	986	$	3,864	$	3,936
Basic weighted-average common shares outstanding		506		512		517		521		524		514		529
Basic earnings per common share	$	1.90	$	1.93	$	1.92	$	1.79	$	1.88	$	7.52	$	7.44

Diluted
Net income attributable to basic common shares	$	961	$	991	$	992	$	931	$	986	$	3,864	$	3,936
Less: Impact of BlackRock earnings per share dilution		4		4		5		5		5		18		18

Net income attributable to diluted common shares	$	957	$	987	$	987	$	926	$	981	$	3,846	$	3,918
Basic weighted-average common shares outstanding		506		512		517		521		524		514		529
Dilutive potential common shares		7		8		8		8		8		7		8

Diluted weighted-average common shares outstanding		513		520		525		529		532		521		537
Diluted earnings per common share	$	1.87	$	1.90	$	1.88	$	1.75	$	1.84	$	7.39	$	7.30

(a)	Dividends are payable quarterly other than Series O and Series R preferred stock, which are payable semiannually in different quarters.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 4

Table 4: Average Consolidated Balance Sheet (Unaudited) (a)


	Three months ended															Year ended
In millions	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014			December 31 2015			December 31 2014
Assets
Interest-earning assets:
Investment securities
Securities available for sale
Residential mortgage-backed
Agency	$	23,777		$	21,813		$	20,550		$	19,290		$	17,745		$	21,371		$	18,935
Non-agency		4,089			4,279			4,480			4,657			4,832			4,374			5,106
Commercial mortgage-backed		6,709			6,228			6,286			6,260			5,799			6,372			5,461
Asset-backed		5,280			5,287			5,228			5,140			5,089			5,234			5,321
U.S. Treasury and government agencies		8,996			6,558			5,204			5,142			5,140			6,486			4,837
State and municipal		1,991			1,995			1,973			1,969			1,935			1,982			2,148
Other debt		1,963			1,837			1,796			1,777			1,780			1,844			2,016
Corporate stocks and other		657			542			414			457			433			518			402

Total securities available for sale		53,462			48,539			45,931			44,692			42,753			48,181			44,226
Securities held to maturity
Residential mortgage-backed		9,345			8,352			8,196			7,035			5,832			8,238			5,885
Commercial mortgage-backed		1,878			1,927			2,005			2,097			2,257			1,976			2,502
Asset-backed		723			733			743			755			767			738			908
U.S. Treasury and government agencies		257			254			252			249			247			253			243
State and municipal		1,965			1,979			2,004			2,018			2,048			1,992			1,727
Other		228			289			311			320			324			287			329

Total securities held to maturity		14,396			13,534			13,511			12,474			11,475			13,484			11,594

Total investment securities		67,858			62,073			59,442			57,166			54,228			61,665			55,820
Loans
Commercial		98,212			97,926			98,364			97,866			95,646			98,093			92,411
Commercial real estate		26,714			25,228			24,812			23,924			23,176			25,177			22,646
Equipment lease financing		7,501			7,683			7,556			7,539			7,621			7,570			7,567
Consumer		59,108			59,584			60,240			61,476			62,213			60,094			62,529
Residential real estate		14,486			14,406			14,416			14,350			14,223			14,415			14,495

Total loans		206,021			204,827			205,388			205,155			202,879			205,349			199,648
Interest-earning deposits with banks		31,509			37,289			32,368			30,405			27,701			32,908			19,204
Loans held for sale		1,897			2,048			2,092			2,246			2,205			2,070			2,123
Federal funds sold and resale agreements		1,469			1,598			1,959			1,655			1,771			1,669			1,446
Other		5,109			5,033			5,470			5,046			5,121			5,164			5,064

Total interest-earning assets		313,863			312,868			306,719			301,673			293,905			308,825			283,305
Noninterest-earning assets:
Allowance for loan and lease losses		(3,204	)		(3,265	)		(3,309	)		(3,317	)		(3,383	)		(3,273	)		(3,482	)
Cash and due from banks		4,115			3,890			3,954			4,067			4,176			4,006			3,945
Other		45,622			45,094			45,276			45,634			44,948			45,406			44,085

Total assets	$	360,396		$	358,587		$	352,640		$	348,057		$	339,646		$	354,964		$	327,853

(a)	Calculated using average daily balances.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 5

Table 4: Average Consolidated Balance Sheet (Unaudited) (Continued) (a)


	Three months ended										Year ended
In millions	December 31 2015		September 30 2015		June 30 2015		March 31 2015		December 31 2014		December 31 2015		December 31 2014
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing deposits
Money market	$	81,199	$	84,554	$	81,857	$	79,994	$	77,696	$	81,911	$	75,513
Demand		47,778		46,390		46,281		46,131		44,389		46,649		43,367
Savings		17,851		14,150		13,775		13,053		12,410		14,719		11,990
Retail certificates of deposit		17,916		18,392		18,334		18,541		18,700		18,294		19,636
Time deposits in foreign offices and other time		2,709		2,361		2,300		2,192		2,754		2,392		2,308

Total interest-bearing deposits		167,453		165,847		162,547		159,911		155,949		163,965		152,814
Borrowed funds
Federal funds purchased and repurchase agreements		1,925		2,298		2,718		3,116		3,339		2,510		3,560
Federal Home Loan Bank borrowings		20,796		21,882		22,001		20,774		16,786		21,365		14,863
Bank notes and senior debt		20,458		19,455		16,408		15,351		15,395		17,937		14,114
Subordinated debt		8,600		8,882		8,861		8,851		8,812		8,796		8,559
Commercial paper		302		1,867		3,640		4,986		4,735		2,684		4,861
Other		2,932		3,147		3,537		3,274		3,303		3,221		2,860

Total borrowed funds		55,013		57,531		57,165		56,352		52,370		56,513		48,817

Total interest-bearing liabilities		222,466		223,378		219,712		216,263		208,319		220,478		201,631
Noninterest-bearing liabilities and equity:
Noninterest-bearing deposits		79,479		77,553		75,299		73,178		73,468		76,398		70,108
Allowance for unfunded loan commitments and letters of credit		266		246		234		260		251		251		238
Accrued expenses and other liabilities		12,297		11,667		11,540		12,326		11,639		11,959		10,530
Equity		45,888		45,743		45,855		46,030		45,969		45,878		45,346

Total liabilities and equity	$	360,396	$	358,587	$	352,640	$	348,057	$	339,646	$	354,964	$	327,853


(a) Calculated using average daily balances.

Table 5: Supplemental Average Balance Sheet Information (Unaudited)
Deposits and Common Shareholders’ Equity
Interest-bearing deposits	$	167,453	$	165,847	$	162,547	$	159,911	$	155,949	$	163,965	$	152,814
Noninterest-bearing deposits		79,479		77,553		75,299		73,178		73,468		76,398		70,108

Total deposits	$	246,932	$	243,400	$	237,846	$	233,089	$	229,417	$	240,363	$	222,922
Common shareholders’ equity	$	41,156	$	40,910	$	40,818	$	40,603	$	40,522	$	40,873	$	39,820


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 6

Table 6: Details of Net Interest Margin (Unaudited) (a)


	Three months ended															Year ended
	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014			December 31 2015			December 31 2014
Average yields/rates
Yield on interest-earning assets
Investment securities
Securities available for sale
Residential mortgage-backed
Agency		2.55	%		2.47	%		2.43	%		2.67	%		2.72	%		2.53	%		2.66	%
Non-agency		4.90			4.83			4.70			4.51			4.33			4.73			4.78
Commercial mortgage-backed		2.85			3.20			3.03			3.19			3.37			3.06			3.52
Asset-backed		2.14			2.15			2.12			2.08			2.15			2.12			1.97
U.S. Treasury and government agencies		1.09			1.36			1.12			1.27			1.21			1.22			1.18
State and municipal		4.72			4.83			4.76			4.45			4.58			4.69			4.47
Other debt		2.44			2.44			4.01			2.53			3.25			2.82			2.58
Corporate stocks and other		.21			.26			.10			.10			.11			.19			—
Total securities available for sale		2.53			2.66			2.69			2.75			2.82			2.65			2.82
Securities held to maturity
Residential mortgage-backed		2.98			3.05			2.95			3.26			3.60			3.05			3.52
Commercial mortgage-backed		3.67			3.65			3.63			4.16			4.09			3.80			3.96
Asset-backed		1.61			1.57			1.53			1.52			1.50			1.49			1.54
U.S. Treasury and government agencies		3.82			3.82			3.81			3.77			3.82			3.95			3.70
State and municipal		5.48			5.50			5.49			5.52			5.50			5.52			5.50
Other		3.32			3.37			3.12			2.89			3.02			3.14			3.04
Total securities held to maturity		3.36			3.43			3.37			3.67			3.88			3.46			3.74
Total investment securities		2.71			2.83			2.85			2.95			3.05			2.83			3.02
Loans
Commercial		2.97			3.02			3.00			2.98			3.04			3.03			3.28
Commercial real estate		3.47			3.35			3.44			3.80			3.88			3.56			4.06
Equipment lease financing		3.41			3.42			3.45			3.47			3.97			3.43			3.67
Consumer		4.15			4.18			4.13			4.21			4.11			4.17			4.17
Residential real estate		4.79			4.76			4.91			4.88			4.90			4.84			4.97
Total loans		3.52			3.54			3.54			3.59			3.63			3.57			3.78
Interest-earning deposits with banks		.29			.25			.25			.25			.29			.26			.26
Loans held for sale		4.66			4.23			4.33			4.20			4.67			4.35			4.66
Federal funds sold and resale agreements		.29			.33			.22			.22			.28			.24			.35
Other		4.83			5.33			4.65			5.43			4.56			5.07			4.50
Total yield on interest-earning assets		3.03			3.02			3.06			3.15			3.21			3.08			3.40
Rate on interest-bearing liabilities
Interest-bearing deposits
Money market		.25			.29			.27			.24			.20			.26			.19
Demand		.06			.06			.05			.06			.06			.06			.05
Savings		.33			.18			.17			.15			.14			.22			.12
Retail certificates of deposit		.69			.68			.68			.71			.72			.69			.74
Time deposits in foreign offices and other time		.16			.17			.16			.19			.20			.17			.17
Total interest-bearing deposits		.25			.26			.24			.23			.22			.25			.21
Borrowed funds
Federal funds purchased and repurchase agreements		.14			.14			.14			.12			.11			.12			.08
Federal Home Loan Bank borrowings		.52			.49			.46			.45			.46			.49			.49
Bank notes and senior debt		1.11			1.27			1.19			1.36			1.35			1.24			1.43
Subordinated debt		2.65			2.81			2.61			2.64			2.64			2.68			2.56
Commercial paper		.39			.38			.35			.34			.31			.37			.29
Other		2.16			2.03			1.95			1.99			2.25			2.05			2.45
Total borrowed funds		1.15			1.18			1.07			1.10			1.17			1.14			1.19
Total rate on interest-bearing liabilities		.47			.49			.46			.46			.45			.47			.45

Interest rate spread		2.56			2.53			2.60			2.69			2.76			2.61			2.95
Impact of noninterest-bearing sources (b)		.14			.14			.13			.13			.13			.13			.13

Net interest margin		2.70	%		2.67	%		2.73	%		2.82	%		2.89	%		2.74	%		3.08	%

(a)

Calculated as annualized taxable-equivalent net interest income divided by average earning assets. The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments. To provide more meaningful comparisons of yields and margins for all earning assets in calculating net interest margins, in this table we use net interest income on a taxable-equivalent basis by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments. This adjustment is not permitted under generally accepted accounting principles (GAAP) in the Consolidated Income Statement. The taxable-equivalent adjustments to net interest income for the three months ended December 31, 2015, September 30, 2015, June 30, 2015, March 31, 2015 and December 31, 2014, were $48 million, $50 million, $49 million, $49 million and $49 million, respectively. The taxable-equivalent adjustments to net interest income for the year ended December 31, 2015 and December 31, 2014 were $196 million and $189 million, respectively.

(b)	Represents the positive effects of investing noninterest-bearing sources in interest-earning assets.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 7

Total and Core Net Interest Income and Net Interest Margin (Unaudited)

Table 7: Total and Core Net Interest Income


	Three months ended										Year ended
In millions	December 31 2015		September 30 2015		June 30 2015		March 31 2015		December 31 2014		December 31 2015		December 31 2014
Core net interest income (a)	$	2,002	$	1,972	$	1,941	$	1,944	$	1,971	$	7,859	$	7,942
Total purchase accounting accretion
Scheduled accretion net of contractual interest		64		71		83		95		94		313		456
Excess cash recoveries (b)		26		19		28		33		32		106		127

Total purchase accounting accretion (c)		90		90		111		128		126		419		583

Total net interest income	$	2,092	$	2,062	$	2,052	$	2,072	$	2,097	$	8,278	$	8,525

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

(b)	Relates to excess cash recoveries for purchased impaired commercial loans.

(c)	Total purchase accounting accretion includes purchase accounting accretion on purchased impaired loans. Refer to Table 11: Accretion - Purchased Impaired Loans for details for certain of these periods.

Table 8: Details of Net Interest Margin (d)


	Three months ended															Year ended
In millions	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014			December 31 2015			December 31 2014
Average yields/rates
Yield on interest-earning assets
Total investment securities		2.71	%		2.83	%		2.85	%		2.95	%		3.05	%		2.83	%		3.02	%
Total loans		3.52			3.54			3.54			3.59			3.63			3.57			3.78
Other		1.08			.99			1.03			1.14			1.15			1.06			1.37
Total yield on interest-earning assets		3.03			3.02			3.06			3.15			3.21			3.08			3.40

Rate on interest-bearing liabilities
Total interest-bearing deposits		.25			.26			.24			.23			.22			.25			.21
Total borrowed funds		1.15			1.18			1.07			1.10			1.17			1.14			1.19
Total rate on interest-bearing liabilities		.47			.49			.46			.46			.45			.47			.45

Interest rate spread		2.56			2.53			2.60			2.69			2.76			2.61			2.95
Impact of noninterest-bearing sources		.14			.14			.13			.13			.13			.13			.13

Net interest margin		2.70	%		2.67	%		2.73	%		2.82	%		2.89	%		2.74	%		3.08	%

(d)	See note (a) on page 6.

Table 9: Details of Core Net Interest Margin (e)


	Three months ended															Year ended
In millions	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014			December 31 2015			December 31 2014
Average yields/rates
Yield on interest-earning assets
Total investment securities		2.66	%		2.77	%		2.78	%		2.89	%		2.98	%		2.77	%		2.96	%
Total loans		3.34			3.36			3.32			3.33			3.38			3.36			3.49
Other		1.06			.99			1.03			1.13			1.14			1.05			1.37
Total yield on interest-earning assets		2.90			2.89			2.90			2.96			3.02			2.93			3.18

Rate on interest-bearing liabilities
Total interest-bearing deposits		.26			.26			.25			.24			.23			.26			.23
Total borrowed funds		1.02			1.06			.96			.99			1.03			1.02			1.05
Total rate on interest-bearing liabilities		.44			.46			.44			.44			.43			.45			.43

Interest rate spread		2.46			2.43			2.46			2.52			2.59			2.48			2.75
Impact of noninterest-bearing sources		.14			.14			.13			.13			.13			.13			.13

Core net interest margin		2.60			2.57			2.59			2.65			2.72			2.61			2.88
Purchase accounting accretion impact on net interest margin		.10			.10			.14			.17			.17			.13			.20

Net interest margin		2.70	%		2.67	%		2.73	%		2.82	%		2.89	%		2.74	%		3.08	%

(e)

We believe 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. To calculate core net interest margin, each calculated margin in the table has been adjusted by annualized purchase accounting accretion divided by average interest-earning assets.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 8

Table 10: Details of Loans (Unaudited)


In millions	December 31 2015		September 30 2015		June 30 2015		March 31 2015		December 31 2014
Commercial
Retail/wholesale trade	$	16,661	$	16,986	$	17,162	$	17,126	$	16,972
Manufacturing		19,014		19,649		19,775		20,057		18,744
Service providers		13,970		13,550		14,054		13,916		14,103
Real estate related (a)		11,659		11,492		10,931		10,744		10,812
Financial services		7,234		5,511		5,966		6,306		6,178
Health care		9,210		9,397		9,396		9,192		9,017
Other industries		20,860		20,842		20,849		20,309		21,594

Total commercial		98,608		97,427		98,133		97,650		97,420

Commercial real estate
Real estate projects (b)		15,697		15,333		15,142		15,057		14,577
Commercial mortgage		11,771		10,760		9,664		9,498		8,685

Total commercial real estate		27,468		26,093		24,806		24,555		23,262

Equipment lease financing		7,468		7,644		7,783		7,470		7,686

Total commercial lending		133,544		131,164		130,722		129,675		128,368

Consumer
Home equity
Lines of credit		18,828		19,309		19,589		19,918		20,361
Installment		13,305		13,697		13,946		14,147		14,316
Credit card		4,862		4,600		4,520		4,434		4,612
Other consumer
Education		5,881		6,070		6,212		6,448		6,626
Automobile		11,157		11,039		11,057		11,120		11,616
Other		4,708		4,612		4,575		4,491		4,511

Total consumer		58,741		59,327		59,899		60,558		62,042

Residential real estate
Residential mortgage		14,162		14,038		14,041		13,982		13,885
Residential construction		249		454		491		507		522

Total residential real estate		14,411		14,492		14,532		14,489		14,407

Total consumer lending		73,152		73,819		74,431		75,047		76,449

Total loans	$	206,696	$	204,983	$	205,153	$	204,722	$	204,817

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

(b)	Includes both construction loans and intermediate financing for projects.

Purchase Accounting Accretion and Valuation of Purchased Impaired Loans (Unaudited)

Table 11: Accretion - Purchased Impaired Loans


	Three months ended									Year ended
In millions	December 31 2015			September 30 2015			December 31 2014			December 31 2015			December 31 2014
Impaired loans
Scheduled accretion	$	81		$	88		$	106		$	360		$	460
Reversal of contractual interest on impaired loans		(53	)		(57	)		(58	)		(217	)		(253	)

Scheduled accretion net of contractual interest		28			31			48			143			207
Excess cash recoveries (a)		26			19			32			106			127

Total impaired loans	$	54		$	50		$	80		$	249		$	334

(a)	Relates to excess cash recoveries for purchased impaired commercial loans.

Table 12: Valuation of Purchased Impaired Loans


	December 31, 2015						September 30, 2015						December 31, 2014
Dollars in millions	Balance			Net Investment			Balance			Net Investment			Balance			Net Investment
Total purchased impaired loans:
Outstanding balance (a)	$	3,933					$	4,150					$	5,007
Recorded investment (b)		3,522						4,167						4,858
Allowance for loan losses (b)		(310	)					(818	)					(872	)

Net investment/Carrying value	$	3,212			82	%	$	3,349			81	%	$	3,986			80	%

(a)	Outstanding balance represents the balance on the loan servicing system for active loans. Our third quarter 2015 Form 10-Q included, and our 2015 Form 10-K will include, additional information on purchased impaired loans.

(b)	Reflects the change in derecognition policy for purchased impaired loans that are pooled and accounted for as a single asset in the fourth quarter of 2015. See Table 13: Change in Allowance for Loan and Lease Losses for additional detail.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 9

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

Table 13: Change in Allowance for Loan and Lease Losses


Three months ended - in millions	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014
Beginning balance	$	3,237		$	3,272		$	3,306		$	3,331		$	3,406
Gross charge-offs:
Commercial		(61	)		(63	)		(48	)		(34	)		(45	)
Commercial real estate		(15	)		(4	)		(13	)		(12	)		(24	)
Equipment lease financing		(3	)		(1	)		(1	)					(5	)
Home equity		(42	)		(37	)		(50	)		(52	)		(62	)
Residential real estate		(7	)		(11	)		(6	)					(14	)
Credit card		(39	)		(37	)		(41	)		(43	)		(38	)
Other consumer		(49	)		(44	)		(44	)		(48	)		(47	)

Total gross charge-offs		(216	)		(197	)		(203	)		(189	)		(235	)
Recoveries:
Commercial		31			42			65			32			51
Commercial real estate		20			11			23			12			20
Equipment lease financing		1			1			1			1			4
Home equity		24			25			24			20			20
Residential real estate		3			4			4			2			3
Credit card		5			5			6			5			5
Other consumer		12			13			13			14			14

Total recoveries		96			101			136			86			117
Net (charge-offs) recoveries:
Commercial		(30	)		(21	)		17			(2	)		6
Commercial real estate		5			7			10			—			(4	)
Equipment lease financing		(2	)		—			—			1			(1	)
Home equity		(18	)		(12	)		(26	)		(32	)		(42	)
Residential real estate		(4	)		(7	)		(2	)		2			(11	)
Credit card		(34	)		(32	)		(35	)		(38	)		(33	)
Other consumer		(37	)		(31	)		(31	)		(34	)		(33	)

Total net charge-offs		(120	)		(96	)		(67	)		(103	)		(118	)
Provision for credit losses		74			81			46			54			52
Write-off of purchased impaired loans		(468	)
Other		(1	)					(1	)		(1	)		(1	)
Net change in allowance for unfunded loan commitments and letters of credit		5			(20	)		(12	)		25			(8	)

Ending balance	$	2,727		$	3,237		$	3,272		$	3,306		$	3,331

Supplemental Information
Net charge-offs to average loans (for the three months ended) (annualized)		.23	%		.19	%		.13	%		.20	%		.23	%
Allowance for loan and lease losses to total loans (a)		1.32			1.58			1.59			1.61			1.63
Commercial lending net charge-offs	$	(27	)	$	(14	)	$	27		$	(1	)	$	1
Consumer lending net charge-offs		(93	)		(82	)		(94	)		(102	)		(119	)

Total net charge-offs	$	(120	)	$	(96	)	$	(67	)	$	(103	)	$	(118	)
Net charge-offs to average loans
Commercial lending		.08	%		.04	%		(.08	)%		.00	%		.00	%
Consumer lending		.50			.44			.51			.55			.62

(a)

The December 31, 2015 ratio was impacted by the change in derecognition policy for purchased impaired loans that are pooled and accounted for as a single asset. The implementation of this policy change in the fourth quarter of 2015 reduced the purchased impaired loan recorded investment balance included in total loans and associated allowance for loan and lease losses balance each by $468 million. Our third quarter 2015 Form 10-Q included, and our 2015 Form 10-K will include, additional discussion on this policy change.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 10

Details of Nonperforming Assets (Unaudited)

Table 14: Nonperforming Assets by Type


In millions	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014
Nonperforming loans, including TDRs (a)
Commercial lending
Commercial
Retail/wholesale trade	$	55		$	41		$	43		$	46		$	48
Manufacturing		79			73			55			59			59
Service providers		68			57			50			63			67
Real estate related (b)		40			45			46			66			66
Financial services		1			3			2			1			4
Health care		32			26			28			28			28
Other industries		76			56			34			17			18

Total commercial		351			301			258			280			290

Commercial real estate
Real estate projects		169			184			211			257			290
Commercial mortgage		18			28			31			36			44

Total commercial real estate		187			212			242			293			334

Equipment lease financing		7			7			3			2			2

Total commercial lending		545			520			503			575			626

Consumer lending (c)
Home equity		977			1,029			1,057			1,101			1,112
Residential real estate
Residential mortgage		543			565			623			653			694
Residential construction		6			6			10			12			12
Credit card		3			3			3			3			3
Other consumer		52			54			56			61			63

Total consumer lending		1,581			1,657			1,749			1,830			1,884

Total nonperforming loans (d)		2,126			2,177			2,252			2,405			2,510

OREO and foreclosed assets
Other real estate owned (OREO)		279			293			302			331			351
Foreclosed and other assets		20			20			24			18			19

Total OREO and foreclosed assets (e)		299			313			326			349			370

Total nonperforming assets	$	2,425		$	2,490		$	2,578		$	2,754		$	2,880

Nonperforming loans to total loans		1.03	%		1.06	%		1.10	%		1.17	%		1.23	%
Nonperforming assets to total loans, OREO and foreclosed assets		1.17			1.21			1.25			1.34			1.40
Nonperforming assets to total assets		.68			.69			.73			.78			.83
Allowance for loan and lease losses to nonperforming loans (f) (g)		128			149			145			137			133

(a)	See analysis of troubled debt restructurings (TDRs) on page 11.

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

(c)	Excludes most consumer loans and lines of credit, not secured by residential real estate, which are charged off after 120 to 180 days past due and are not placed on nonperforming status.

(d)	Nonperforming loans exclude certain government insured or guaranteed loans, loans held for sale, loans accounted for under the fair value option and purchased impaired loans.

(e)

The recorded investment of loans collateralized by residential real estate property that are in process of foreclosure was $.6 billion, $.6 billion, $.6 billion, $.7 billion and $.8 billion at December 31, 2015, September 30, 2015, June 30, 2015, March 31, 2015 and December 31, 2014, which included $.3 billion, $.3 billion, $.4 billion, $.5 billion and $.5 billion, respectively, of loans that are government insured/guaranteed.

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

(g)

The December 31, 2015 ratio was impacted by the fourth quarter of 2015 change in derecognition policy for purchased impaired loans that are pooled and accounted for as a single asset. See footnote (a) of Table 13: Change in Allowance for Loan and Lease Losses on page 9 for additional information on this policy change.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 11

Details of Nonperforming Assets and Troubled Debt Restructurings (Unaudited)

Table 15: Change in Nonperforming Assets


In millions	October 1, 2015 - December 31, 2015			July 1, 2015 - September 30, 2015			April 1, 2015 - June 30, 2015			January 1, 2015 - March 31, 2015			October 1, 2014 - December 31, 2014
Beginning balance	$	2,490		$	2,578		$	2,754		$	2,880		$	2,975
New nonperforming assets		370			381			372			336			470
Charge-offs and valuation adjustments		(132	)		(114	)		(129	)		(124	)		(158	)
Principal activity, including paydowns and payoffs		(143	)		(167	)		(207	)		(170	)		(183	)
Asset sales and transfers to loans held for sale		(68	)		(106	)		(97	)		(93	)		(130	)
Returned to performing status		(92	)		(82	)		(115	)		(75	)		(94	)

Ending balance	$	2,425		$	2,490		$	2,578		$	2,754		$	2,880

Table 16: Largest Individual Nonperforming Assets at December 31, 2015 (a)


In millions
Ranking	Outstandings		Industry
1		$33	Real Estate, Rental and Leasing
2		26	Mining, Quarrying, Oil and Gas Extraction
3		26	Real Estate, Rental and Leasing
4		23	Professional, Scientific and Technical Services
5		22	Wholesale Trade
6		21	Manufacturing
7		17	Construction
8		13	Manufacturing
9		9	Manufacturing
10		9	Real Estate, Rental and Leasing

Total		$199

As a percent of total nonperforming assets 8%

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

Table 17: Summary of Troubled Debt Restructurings


In millions	December 31 2015		September 30 2015		June 30 2015		March 31 2015		December 31 2014
Total consumer lending	$	1,917	$	1,948	$	2,002	$	2,020	$	2,041
Total commercial lending		434		420		414		510		542

Total TDRs	$	2,351	$	2,368	$	2,416	$	2,530	$	2,583

Nonperforming	$	1,119	$	1,171	$	1,208	$	1,317	$	1,370
Accruing (a)		1,232		1,197		1,208		1,213		1,213

Total TDRs	$	2,351	$	2,368	$	2,416	$	2,530	$	2,583

Loans whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulties are considered troubled debt restructurings (TDRs). TDRs typically result from our loss mitigation activities and include rate reductions, principal forgiveness, postponement/reduction of scheduled amortization, and extensions, which are intended to minimize economic loss and to avoid foreclosure or repossession of collateral. Certain consumer government insured or guaranteed loans which were evaluated for TDR consideration, loans held for sale, loans accounted for under the fair value option, and pooled purchased impaired loans are not classified as TDRs.

(a)

Accruing loans include credit card loans and loans that have demonstrated a period of at least six months of current performance under the restructured terms and are excluded from nonperforming loans. Loans where borrowers have been discharged from bankruptcy and have not formally reaffirmed their loan obligation and loans to borrowers not currently obligated to make principal and interest payments under the restructured terms are not returned to accrual status.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 12

Accruing Loans Past Due (Unaudited)

Table 18: Accruing Loans Past Due 30 to 59 Days (a)


	Amount										Percent of Total Outstandings
Dollars in millions	Dec. 31 2015		Sept. 30 2015		Jun. 30 2015		Mar. 31 2015		Dec. 31 2014		Dec. 31 2015			Sept. 30 2015			Jun. 30 2015			Mar. 31 2015			Dec. 31 2014
Commercial	$	69	$	56	$	83	$	73	$	73		.07	%		.06	%		.08	%		.07	%		.07	%
Commercial real estate		10		32		5		24		23		.04			.12			.02			.10			.10
Equipment lease financing		19		2		2		16		11		.25			.03			.03			.21			.14
Home equity		63		69		65		61		70		.20			.21			.19			.18			.20
Residential real estate
Non government insured		86		84		78		72		95		.60			.58			.54			.50			.66
Government insured		56		62		64		70		68		.39			.43			.44			.48			.47
Credit card		28		26		23		25		28		.58			.57			.51			.56			.61
Other consumer
Non government insured		64		58		51		52		62		.29			.27			.23			.24			.27
Government insured		116		119		121		126		152		.53			.55			.55			.57			.67

Total	$	511	$	508	$	492	$	519	$	582		.25			.25			.24			.25			.28

Table 19: Accruing Loans Past Due 60 to 89 Days (a)


	Amount										Percent of Total Outstandings
Dollars in millions	Dec. 31 2015		Sept. 30 2015		Jun. 30 2015		Mar. 31 2015		Dec. 31 2014		Dec. 31 2015			Sept. 30 2015			Jun. 30 2015			Mar. 31 2015			Dec. 31 2014
Commercial	$	32	$	39	$	32	$	20	$	24		.03	%		.04	%		.03	%		.02	%		.02	%
Commercial real estate		4		17		5		23		2		.01			.07			.02			.09			.01
Equipment lease financing		2								1		.03												.01
Home equity		30		31		25		30		32		.09			.09			.07			.09			.09
Residential real estate
Non government insured		20		18		20		18		25		.14			.12			.14			.12			.17
Government insured		45		40		38		35		43		.31			.28			.26			.24			.30
Credit card		19		18		17		17		20		.39			.39			.38			.38			.43
Other consumer
Non government insured		21		22		17		18		19		.10			.10			.08			.08			.08
Government insured		75		80		81		82		93		.34			.37			.37			.37			.41

Total	$	248	$	265	$	235	$	243	$	259		.12			.13			.11			.12			.13

Table 20: Accruing Loans Past Due 90 Days or More (a)


	Amount										Percent of Total Outstandings
Dollars in millions	Dec. 31 2015		Sept. 30 2015		Jun. 30 2015		Mar. 31 2015		Dec. 31 2014		Dec. 31 2015			Sept. 30 2015			Jun. 30 2015			Mar. 31 2015			Dec. 31 2014
Commercial	$	45	$	36	$	35	$	35	$	37		.05	%		.04	%		.04	%		.04	%		.04	%
Commercial real estate						1												.00
Residential real estate
Non government insured		21		27		19		26		23		.15			.19			.13			.18			.16
Government insured		545		558		585		634		719		3.78			3.85			4.03			4.38			4.99
Credit card		33		30		29		32		33		.68			.65			.64			.72			.72
Other consumer
Non government insured		17		15		13		17		16		.08			.07			.06			.08			.07
Government insured		220		224		232		244		277		1.01			1.03			1.06			1.11			1.22

Total	$	881	$	890	$	914	$	988	$	1,105		.43			.43			.45			.48			.54

(a)	Excludes loans held for sale and purchased impaired loans.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 13

Business Segment Descriptions (Unaudited)

Retail Banking provides deposit, lending, brokerage, investment management and cash management services to consumer and small business customers within our primary geographic markets. Our customers are serviced through our branch network, ATMs, call centers, online banking and mobile channels. The branch network is located primarily in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Missouri, Georgia, Wisconsin and South Carolina.

Corporate & Institutional Banking provides lending, treasury management, and capital markets-related products and services to mid-sized and large corporations, government and not-for-profit entities. Lending products include secured and unsecured loans, letters of credit and equipment leases. Treasury management services include cash and investment management, receivables management, disbursement services, funds transfer services, information reporting and global trade services. Capital markets-related products and services include foreign exchange, derivatives, securities, loan syndications, mergers and acquisitions advisory, equity capital markets advisory and related services. We also provide commercial loan servicing and real estate advisory and technology solutions for the commercial real estate finance industry. Products and services are generally provided within our primary geographic markets, with certain products and services offered nationally and internationally.

Asset Management Group includes personal wealth management for high net worth and ultra high net worth clients and institutional asset management. Wealth management products and services include investment and retirement planning, customized investment management, private banking, tailored credit solutions, and trust management and administration for individuals and their families. Hawthorn provides multi-generational family planning including wealth strategy, investment management, private banking, tax and estate planning guidance, performance reporting and personal administration services to ultra high net worth families. Institutional asset management provides investment management, custody administration and retirement administration services. The business also offers PNC proprietary mutual funds. Institutional clients include corporations, unions, municipalities, non-profits, foundations and endowments, primarily located in our geographic footprint.

Residential Mortgage Banking directly originates first lien residential mortgage loans on a nationwide basis with a significant presence within the retail banking footprint. Mortgage loans represent loans collateralized by one-to-four family residential real estate. These loans are typically underwritten to government agency and/or third-party standards, and either sold, servicing retained, or held on PNC’s balance sheet. Loan sales are primarily to secondary mortgage conduits of FNMA, FHLMC, Federal Home Loan Banks and third-party investors, or are securitized and issued under the GNMA program. The mortgage servicing operation performs all functions related to servicing mortgage loans, primarily those in first lien position, for various investors and for loans owned by PNC.

Non-Strategic Assets Portfolio includes a consumer portfolio of mainly residential mortgage and brokered home equity loans and lines of credit, and a small commercial/commercial real estate loan and lease portfolio. We obtained a significant portion of these non-strategic assets through acquisitions of other companies.

BlackRock, in which we hold an equity investment, is a leading publicly traded investment management firm providing a broad range of investment and risk management services to institutional and retail clients worldwide. Using a diverse platform of active and index investment strategies across asset classes, BlackRock develops investment outcomes and asset allocation solutions for clients. Product offerings include single- and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments. BlackRock also offers an investment and risk management technology platform, risk analytics and advisory services and solutions to a broad base of institutional investors. We hold our equity investment in BlackRock as a key component of our diversified revenue strategy. BlackRock is a publicly traded company, and additional information regarding its business is available in its filings with the Securities and Exchange Commission (SEC). At December 31, 2015, our economic interest in BlackRock was 22%.

Table 21: Period End Employees


	December 31 2015		September 30 2015		June 30 2015		March 31 2015		December 31 2014
Full-time employees
Retail Banking		21,896		21,960		22,117		22,063		22,216
Other full-time employees (a)		27,252		27,639		27,659		27,696		27,529

Total full-time employees		49,148		49,599		49,776		49,759		49,745

Part-time employees
Retail Banking		2,877		2,985		3,112		3,150		3,274
Other part-time employees (a)		488		564		821		563		568

Total part-time employees		3,365		3,549		3,933		3,713		3,842

Total		52,513		53,148		53,709		53,472		53,587

(a)	Includes period end employees for all businesses other than Retail Banking and includes operations, technology and staff services employees other than staff directly employed by Retail Banking.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 14

Table 22: Summary of Business Segment Income and Revenue (Unaudited) (a) (b)


	Three months ended													Year ended
In millions	December 31 2015			September 30 2015			June 30 2015		March 31 2015		December 31 2014			December 31 2015		December 31 2014
Income (Loss)
Retail Banking	$	213		$	251		$	241	$	202	$	172		$	907	$	728
Corporate & Institutional Banking		539			502			508		482		564			2,031		2,106
Asset Management Group		51			44			62		37		45			194		181
Residential Mortgage Banking		(17	)		(4	)		19		28		(9	)		26		35
Non-Strategic Assets Portfolio		96			68			56		81		76			301		367
Other, including BlackRock (b) (c)		140			212			158		174		209			684		790

Net income	$	1,022		$	1,073		$	1,044	$	1,004	$	1,057		$	4,143	$	4,207

Revenue
Retail Banking	$	1,645		$	1,643		$	1,635	$	1,526	$	1,520		$	6,449	$	6,049
Corporate & Institutional Banking		1,419			1,363			1,363		1,284		1,444			5,429		5,476
Asset Management Group		288			278			314		281		281			1,161		1,107
Residential Mortgage Banking		155			166			206		207		182			734		800
Non-Strategic Assets Portfolio		109			106			109		121		140			445		587
Other, including BlackRock (b) (c)		237			219			239		312		380			1,007		1,356

Total revenue	$	3,853		$	3,775		$	3,866	$	3,731	$	3,947		$	15,225	$	15,375

(a)

Our business information is presented based on our internal management reporting practices. We periodically refine our internal methodologies as management reporting practices are enhanced. Net interest income in business segment results reflects PNC’s internal funds transfer pricing methodology. Assets receive a funding charge and liabilities and capital receive a funding credit based on a transfer pricing methodology that incorporates product repricing characteristics, tenor and other factors. In the first quarter of 2015, enhancements were made to PNC’s funds transfer pricing methodology primarily for costs related to the new regulatory short-term liquidity standards. The enhancements incorporate an additional charge assigned to assets, including for unfunded loan commitments. Conversely, a higher transfer pricing credit has been assigned to those deposits that are accorded higher value under the regulatory rules for liquidity purposes. These adjustments apply to business segment results, primarily favorably impacting Retail Banking and adversely impacting Corporate & Institutional Banking, prospectively beginning with the first quarter of 2015. Prior periods have not been adjusted due to the impracticability of estimating the impact of the change for prior periods.

(b)	We consider BlackRock to be a separate reportable business segment but have combined its results with Other for this presentation. Our 2015 Form 10-K will include additional information regarding BlackRock.

(c)

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 gains or losses related to BlackRock transactions, 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 equity investments, 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 (GAAP), including the presentation of net income attributable to noncontrolling interests as the segments’ results exclude their portion of net income attributable to noncontrolling interests.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 15

Table 23: Retail Banking (Unaudited) (a)


	Three months ended															Year ended
Dollars in millions	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014			December 31 2015			December 31 2014
INCOME STATEMENT
Net interest income
Noninterest income	$	1,074		$	1,069		$	1,045		$	1,038		$	986		$	4,226		$	3,924
Service charges on deposits		164			165			148			146			172			623			633
Brokerage		72			74			71			67			64			284			240
Consumer services		268			260			254			233			247			1,015			961
Other		67			75			117			42			51			301			291

Total noninterest income		571			574			590			488			534			2,223			2,125

Total revenue		1,645			1,643			1,635			1,526			1,520			6,449			6,049
Provision for credit losses		108			57			45			49			54			259			277
Noninterest expense		1,203			1,190			1,210			1,158			1,195			4,761			4,625

Pretax earnings		334			396			380			319			271			1,429			1,147
Income taxes		121			145			139			117			99			522			419

Earnings	$	213		$	251		$	241		$	202		$	172		$	907		$	728

AVERAGE BALANCE SHEET
Loans
Consumer
Home equity	$	27,202		$	27,508		$	27,775		$	28,152		$	28,457		$	27,657		$	28,852
Indirect auto		9,512			9,380			9,287			9,287			9,209			9,367			9,122
Indirect other		484			518			561			603			635			540			703
Education		6,026			6,197			6,387			6,626			6,895			6,307			7,208
Credit cards		4,675			4,537			4,447			4,444			4,475			4,527			4,364
Other		2,482			2,426			2,373			2,347			2,345			2,407			2,238

Total consumer		50,381			50,566			50,830			51,459			52,016			50,805			52,487
Commercial and commercial real estate		10,342			10,518			10,571			10,654			10,698			10,520			10,867
Floor plan		2,246			2,093			2,188			2,213			2,180			2,185			2,215
Residential mortgage		609			649			726			734			552			680			601

Total loans		63,578			63,826			64,315			65,060			65,446			64,190			66,170
Goodwill and other intangible assets		5,946			5,961			5,975			5,990			6,007			5,968			6,034
Other assets		3,153			3,129			3,079			2,967			2,946			3,082			2,842

Total assets	$	72,677		$	72,916		$	73,369		$	74,017		$	74,399		$	73,240		$	75,046

Deposits
Noninterest-bearing demand	$	26,395		$	24,018		$	23,434		$	22,591		$	22,860		$	24,119		$	22,134
Interest-bearing demand		36,726			35,918			36,454			35,650			34,298			36,189			33,992
Savings		16,991			13,914			13,599			12,888			12,244			14,358			11,847
Money market		53,981			56,163			55,026			53,105			51,204			54,576			50,263
Certificates of deposit		15,789			16,234			16,749			17,318			17,959			16,518			18,972

Total deposits		149,882			146,247			145,262			141,552			138,565			145,760			137,208
Other liabilities		600			632			588			617			555			609			469

Total liabilities	$	150,482		$	146,879		$	145,850		$	142,169		$	139,120		$	146,369		$	137,677

PERFORMANCE RATIOS
Return on average assets		1.16	%		1.37	%		1.32	%		1.11	%		.92	%		1.24	%		.97	%
Noninterest income to total revenue		35			35			36			32			35			34			35
Efficiency		73			72			74			76			79			74			76

(a)	See note (a) on page 14.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 16

Table 23: Retail Banking (Unaudited) (Continued)


	Three months ended															Year ended
Dollars in millions, except as noted	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014			December 31 2015			December 31 2014
OTHER INFORMATION (a)
Credit-related statistics:
Commercial nonperforming assets	$	111		$	116		$	126		$	131		$	139
Consumer nonperforming assets		934			976			1,001			1,043			1,059

Total nonperforming assets	$	1,045		$	1,092		$	1,127		$	1,174		$	1,198

Purchased impaired loans (b)	$	462		$	516		$	531		$	553		$	575

Commercial lending net charge-offs (recoveries)	$	4		$	(7	)	$	1		$	1		$	(2	)	$	(1	)	$	31
Credit card lending net charge-offs		34			31			35			38			33			138			142
Consumer lending (excluding credit card) net charge-offs		55			42			50			60			73			207			285

Total net charge-offs	$	93		$	66		$	86		$	99		$	104		$	344		$	458

Commercial lending annualized net charge-off ratio		.13	%		(.23	)%		.02	%		.03	%		(.06	)%		(.01	)%		.24	%
Credit card lending annualized net charge-off ratio		2.89	%		2.77	%		3.15	%		3.47	%		2.93	%		3.06	%		3.25	%
Consumer lending (excluding credit card) annualized net charge-off ratio		.47	%		.36	%		.43	%		.51	%		.60	%		.44	%		.58	%

Total annualized net charge-off ratio		.58	%		.41	%		.53	%		.62	%		.63	%		.54	%		.69	%

Home equity portfolio credit statistics: (c)
% of first lien positions at origination (d)		56	%		56	%		55	%		54	%		54	%
Weighted-average loan-to-value ratios (LTVs) (d)(e)		73	%		74	%		76	%		76	%		77	%
Weighted-average updated FICO scores (f)		752			751			751			748			748
Annualized net charge-off ratio		.28	%		.16	%		.34	%		.42	%		.52	%		.30	%		.54	%
Delinquency data - % of total loans: (g)
Loans 30 - 59 days past due		.18	%		.20	%		.20	%		.18	%		.20	%
Loans 60 - 89 days past due		.09	%		.09	%		.08	%		.09	%		.09	%

Accruing loans past due		.27	%		.29	%		.28	%		.27	%		.29	%

Nonperforming loans		2.96	%		3.09	%		3.13	%		3.12	%		3.13	%

Other statistics:
ATMs		8,956			8,996			8,880			8,754			8,605
Branches (h)		2,616			2,645			2,644			2,660			2,697
Brokerage account client assets (billions) (i)	$	43		$	42		$	44		$	44		$	43

Customer-related statistics (average):
Non-teller deposit transactions (j)		46	%		45	%		42	%		40	%		38	%		43	%		35	%
Digital consumer customers (k)		55	%		53	%		52	%		50	%		49	%		52	%		46	%

(a)	Presented as of period end, except for net charge-offs and annualized net charge-off ratios, which are for the three months and year ended, respectively, and customer-related statistics which are averages for the quarterly and year-to-date periods, respectively.

(b)	Recorded investment of purchased impaired loans related to acquisitions.

(c)	Lien position, LTV and FICO statistics are based upon customer balances.

(d)	Lien positions and LTV calculations reflect management assumptions where data limitations exist.

(e)	LTV statistics are based upon current information.

(f)	Represents FICO scores that are updated at least quarterly.

(g)	Data based upon recorded investment. Past due amounts exclude purchased impaired loans, even if contractually past due, as we are currently accreting interest income over the expected life of the loans.

(h)	Excludes satellite offices (e.g., drive-ups, electronic branches and retirement centers) that provide limited products and/or services.

(i)	Amounts include cash and money market balances.

(j)	Percentage of total consumer and business banking deposit transactions processed at an ATM or through our mobile banking application.

(k)	Represents consumer checking relationships that process the majority of their transactions through non-teller channels.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 17

Table 24: Corporate & Institutional Banking (Unaudited) (a)


	Three months ended															Year ended
Dollars in millions	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014			December 31 2015			December 31 2014
INCOME STATEMENT
Net interest income	$	881		$	887		$	871		$	855		$	956		$	3,494		$	3,733
Noninterest income
Corporate service fees		376			356			341			310			369			1,383			1,295
Other		162			120			151			119			119			552			448

Noninterest income		538			476			492			429			488			1,935			1,743

Total revenue		1,419			1,363			1,363			1,284			1,444			5,429			5,476
Provision for credit losses		23			46			20			17			21			106			107
Noninterest expense		554			533			547			514			544			2,148			2,064

Pretax earnings		842			784			796			753			879			3,175			3,305
Income taxes		303			282			288			271			315			1,144			1,199

Earnings	$	539		$	502		$	508		$	482		$	564		$	2,031		$	2,106

AVERAGE BALANCE SHEET
Loans
Commercial	$	85,750		$	85,452		$	85,739		$	84,712		$	82,066		$	85,416		$	78,688
Commercial real estate		24,520			22,965			22,545			22,090			21,720			23,036			21,127
Equipment lease financing		6,865			7,052			6,927			6,914			6,977			6,940			6,892

Total commercial lending		117,135			115,469			115,211			113,716			110,763			115,392			106,707
Consumer		553			694			875			1,352			1,442			866			1,198

Total loans		117,688			116,163			116,086			115,068			112,205			116,258			107,905
Goodwill and other intangible assets		3,836			3,870			3,845			3,835			3,867			3,847			3,826
Loans held for sale		944			826			990			1,106			1,103			966			1,006
Other assets		10,615			10,754			11,318			11,169			10,784			10,961			10,190

Total assets	$	133,083		$	131,613		$	132,239		$	131,178		$	127,959		$	132,032		$	122,927

Deposits
Noninterest-bearing demand	$	48,763		$	49,584		$	47,916		$	46,976		$	46,769		$	48,318		$	44,210
Money market		21,788			22,942			21,722			22,286			22,706			22,185			21,377
Other		11,414			10,578			9,396			9,340			8,883			10,189			7,958

Total deposits		81,965			83,104			79,034			78,602			78,358			80,692			73,545
Other liabilities		7,312			7,518			7,897			8,271			7,833			7,746			7,551

Total liabilities	$	89,277		$	90,622		$	86,931		$	86,873		$	86,191		$	88,438		$	81,096

PERFORMANCE RATIOS
Return on average assets		1.61	%		1.51	%		1.54	%		1.49	%		1.75	%		1.54	%		1.71	%
Noninterest income to total revenue		38			35			36			33			34			36			32
Efficiency		39			39			40			40			38			40			38

(a)	See note (a) on page 14.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 18

Table 24: Corporate & Institutional Banking (Unaudited) (Continued) (a)


	Three months ended															Year ended
Dollars in millions, except as noted	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014			December 31 2015			December 31 2014
COMMERCIAL LOAN SERVICING PORTFOLIO - SERVICED FOR PNC AND OTHERS (in billions)
Beginning of period	$	441		$	436		$	390		$	377		$	363		$	377		$	347
Acquisitions/additions		31			29			67			29			35			156			99
Repayments/transfers		(25	)		(24	)		(21	)		(16	)		(21	)		(86	)		(69	)

End of period	$	447		$	441		$	436		$	390		$	377		$	447		$	377

OTHER INFORMATION
Consolidated revenue from: (b)
Treasury Management (c)	$	389		$	346		$	334		$	319		$	338		$	1,388		$	1,288
Capital Markets (c)	$	221		$	207		$	205		$	180		$	230		$	813		$	777
Commercial mortgage banking activities
Commercial mortgage loans held for sale (d)	$	46		$	21		$	47		$	26		$	42		$	140		$	126
Commercial mortgage loan servicing income (e)		70			70			65			56			58			261			222
Commercial mortgage servicing rights valuation, net of economic hedge (f)		3			1			8			16			5			28			38

Total	$	119		$	92		$	120		$	98		$	105		$	429		$	386
Average Loans (by C&IB business)
Corporate Banking	$	56,784		$	57,685		$	58,419		$	58,227		$	56,746		$	57,774		$	54,341
Real Estate		33,361			31,356			30,574			29,918			29,163			31,312			27,740
Business Credit		14,945			14,678			14,610			14,217			13,849			14,615			13,270
Equipment Finance		10,948			10,990			10,936			10,941			10,805			10,954			10,474
Other		1,650			1,454			1,547			1,765			1,642			1,603			2,080

Total average loans	$	117,688		$	116,163		$	116,086		$	115,068		$	112,205		$	116,258		$	107,905
Total loans (g)	$	118,607		$	116,238		$	115,708		$	114,946		$	113,935
Net carrying amount of commercial mortgage servicing rights (g)	$	526		$	505		$	543		$	494		$	506
Credit-related statistics:
Nonperforming assets (g)	$	518		$	484		$	463		$	516		$	557
Purchased impaired loans (g) (h)	$	137		$	153		$	181		$	221		$	246
Net charge-offs (recoveries)	$	24		$	26		$	(19	)	$	(1	)	$	(2	)	$	30		$	8

(a)	See note (a) on page 14.

(b)	Represents consolidated PNC amounts. Our 2015 Form 10-K will include additional information regarding these items.

(c)	Includes amounts reported in net interest income, corporate service fees and other noninterest income.

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

(e)

Includes net interest income and noninterest income, primarily in corporate services fees, from loan servicing and ancillary services, net of changes in fair value on commercial mortgage servicing rights due to time and payoffs. Commercial mortgage servicing rights valuation, net of economic hedge is shown separately.

(f)	Includes amounts reported in corporate service fees.

(g)	Presented as of period end.

(h)	Recorded investment of purchased impaired loans related to acquisitions.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 19

Table 25: Asset Management Group (Unaudited) (a)


	Three months ended															Year ended
Dollars in millions, except as noted	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014			December 31 2015			December 31 2014
INCOME STATEMENT
Net interest income	$	77		$	71		$	71		$	73		$	74		$	292		$	289
Noninterest income		211			207			243			208			207			869			818

Total revenue		288			278			314			281			281			1,161			1,107
Provision for credit losses (benefit)		(2	)		(2	)		1			12			(3	)		9			(1	)
Noninterest expense		210			211			215			210			211			846			821

Pretax earnings		80			69			98			59			73			306			287
Income taxes		29			25			36			22			28			112			106

Earnings	$	51		$	44		$	62		$	37		$	45		$	194		$	181

AVERAGE BALANCE SHEET
Loans
Consumer	$	5,653		$	5,630		$	5,687		$	5,650		$	5,606		$	5,655		$	5,457
Commercial and commercial real estate		817			865			943			932			954			880			986
Residential mortgage		979			939			893			865			854			919			809

Total loans		7,449			7,434			7,523			7,447			7,414			7,454			7,252
Goodwill and other intangible assets		213			222			230			238			247			226			259
Other assets		255			246			252			258			255			240			234

Total assets	$	7,917		$	7,902		$	8,005		$	7,943		$	7,916		$	7,920		$	7,745

Deposits
Noninterest-bearing demand	$	1,466		$	1,220		$	1,343		$	1,345		$	1,436		$	1,272		$	1,366
Interest-bearing demand		4,199			4,125			4,013			4,241			4,152			4,144			3,954
Money market		5,426			5,462			5,125			4,621			4,025			5,161			3,944
CDs/IRAs/savings deposits		1,125			505			455			455			467			638			454

Total deposits		12,216			11,312			10,936			10,662			10,080			11,215			9,718
Other liabilities		41			42			43			47			53			42			51

Total liabilities	$	12,257		$	11,354		$	10,979		$	10,709		$	10,133		$	11,257		$	9,769

PERFORMANCE RATIOS
Return on average assets		2.56	%		2.21	%		3.11	%		1.89	%		2.26	%		2.45	%		2.34	%
Noninterest income to total revenue		73			74			77			74			74			75			74
Efficiency		73			76			68			75			75			73			74

OTHER INFORMATION
Total nonperforming assets (b)	$	53		$	52		$	56		$	63		$	66
Purchased impaired loans (b) (c)	$	72		$	75		$	77		$	82		$	83
Total net charge-offs (recoveries)	$	(1	)	$	3		$	7		$	4		$	—		$	13		$	3
CLIENT ASSETS UNDER ADMINISTRATION (in billions) (b) (d)
Personal	$	111		$	110		$	113		$	115		$	115
Institutional		148			146			149			150			148

Total	$	259		$	256		$	262		$	265		$	263

Asset Type
Equity	$	145		$	142		$	152		$	151		$	151
Fixed income		72			73			73			74			72
Liquidity/Other		42			41			37			40			40

Total	$	259		$	256		$	262		$	265		$	263

Discretionary client assets under management
Personal	$	85		$	84		$	86		$	88		$	87
Institutional		49			48			48			48			48

Total	$	134		$	132		$	134		$	136		$	135

Asset Type
Equity	$	72		$	70		$	75		$	75		$	75
Fixed income		40			40			41			41			40
Liquidity/Other		22			22			18			20			20

Total	$	134		$	132		$	134		$	136		$	135

Nondiscretionary client assets under administration
Personal	$	26		$	26		$	27		$	27		$	28
Institutional		99			98			101			102			100

Total	$	125		$	124		$	128		$	129		$	128

Asset Type
Equity	$	73		$	72		$	77		$	76		$	76
Fixed income		32			33			32			33			32
Liquidity/Other		20			19			19			20			20

Total	$	125		$	124		$	128		$	129		$	128

(a)	See note (a) on page 14.

(b)	As of period end.

(c)	Recorded investment of purchased impaired loans related to acquisitions.

(d)	Excludes brokerage account client assets.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 20

Table 26: Residential Mortgage Banking (Unaudited) (a)


	Three months ended															Year ended
Dollars in millions, except as noted	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014			December 31 2015			December 31 2014
INCOME STATEMENT
Net interest income	$	30		$	31		$	30		$	30		$	34		$	121		$	149
Noninterest income
Loan servicing revenue
Servicing fees		58			49			46			48			54			201			224
Mortgage servicing rights valuation, net of economic hedge		1			12			33			25			1			71			12
Loan sales revenue		64			75			99			104			93			342			420
Other		2			(1	)		(2	)								(1	)		(5	)

Total noninterest income		125			135			176			177			148			613			651

Total revenue		155			166			206			207			182			734			800
Provision for credit losses (benefit)					2			(2	)		2			(1	)		2			(2	)
Noninterest expense		181			171			178			161			196			691			746

Pretax earnings (loss)		(26	)		(7	)		30			44			(13	)		41			56
Income taxes (benefit)		(9	)		(3	)		11			16			(4	)		15			21

Earnings (loss)	$	(17	)	$	(4	)	$	19		$	28		$	(9	)	$	26		$	35

AVERAGE BALANCE SHEET
Portfolio loans	$	1,037		$	1,080		$	1,163		$	1,282		$	1,479		$	1,140		$	1,689
Loans held for sale		949			1,225			1,107			1,147			1,090			1,107			1,120
Mortgage servicing rights (MSR)		1,063			1,108			948			843			948			991			1,014
Other assets		3,428			3,100			3,918			3,973			4,246			3,602			4,034

Total assets	$	6,477		$	6,513		$	7,136		$	7,245		$	7,763		$	6,840		$	7,857

Deposits	$	2,469		$	2,529		$	2,497		$	2,215		$	2,302		$	2,428		$	2,285
Borrowings and other liabilities		1,458			1,462			2,436			2,840			3,057			2,044			2,879

Total liabilities	$	3,927		$	3,991		$	4,933		$	5,055		$	5,359		$	4,472		$	5,164

PERFORMANCE RATIOS
Return on average assets		(1.04	)%		(.24	)%		1.07	%		1.57	%		(.46	)%		.38	%		.45	%
Noninterest income to total revenue		81			81			85			86			81			84			81
Efficiency		117			103			86			78			108			94			93

RESIDENTIAL MORTGAGE SERVICING PORTFOLIO SERVICED FOR THIRD PARTIES (in billions)
Beginning of period	$	122		$	115		$	113		$	108		$	111		$	108		$	114
Acquisitions		5			10			6			8						29			4
Additions		2			2			2			2			1			8			8
Repayments/transfers		(6	)		(5	)		(6	)		(5	)		(4	)		(22	)		(18	)

End of period	$	123		$	122		$	115		$	113		$	108		$	123		$	108

Servicing portfolio - third-party statistics: (b)
Fixed rate		95	%		94	%		94	%		94	%		94	%
Adjustable rate/balloon		5	%		6	%		6	%		6	%		6	%
Weighted-average interest rate		4.25	%		4.29	%		4.35	%		4.41	%		4.47	%
MSR asset value (in billions)	$	1.1		$	1.0		$	1.0		$	.8		$	.8
MSR capitalization value (in basis points)		86			79			88			74			78
Weighted-average servicing fee (in basis points)		27			27			27			27			27

RESIDENTIAL MORTGAGE REPURCHASE RESERVE
Beginning of period	$	95		$	97		$	106		$	107		$	108		$	107		$	131
Provision		1			2			1			1			4			5
Losses - loan repurchases		(2	)		(4	)		(10	)		(2	)		(5	)		(18	)		(24	)

End of period	$	94		$	95		$	97		$	106		$	107		$	94		$	107

OTHER INFORMATION
Loan origination volume (in billions)	$	2.3		$	2.7		$	2.9		$	2.6		$	2.4		$	10.5		$	9.5
Loan sale margin percentage		2.91	%		2.80	%		3.44	%		4.09	%		3.96	%		3.32	%		4.41	%
Percentage of originations represented by:
Purchase volume (c)		45	%		55	%		50	%		31	%		42	%		45	%		45	%
Refinance volume		55	%		45	%		50	%		69	%		58	%		55	%		55	%
Total nonperforming assets (b)	$	81		$	88		$	88		$	105		$	120

(a)	See note (a) on page 14.

(b)	As of period end.

(c)	Mortgages with borrowers as part of residential real estate purchase transactions.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 21

Table 27: Non-Strategic Assets Portfolio (Unaudited) (a)


	Three months ended															Year ended
Dollars in millions	December 31 2015			September 30 2015			June 30 2015			March 31 2015			December 31 2014			December 31 2015			December 31 2014
INCOME STATEMENT
Net interest income	$	90		$	90		$	100		$	112		$	122		$	392		$	547
Noninterest income		19			16			9			9			18			53			40

Total revenue		109			106			109			121			140			445			587
Provision for credit losses (benefit)		(53	)		(25	)		(5	)		(31	)		(20	)		(114	)		(119	)
Noninterest expense		10			23			26			24			39			83			125

Pretax earnings		152			108			88			128			121			476			581
Income taxes		56			40			32			47			45			175			214

Earnings	$	96		$	68		$	56		$	81		$	76		$	301		$	367

AVERAGE BALANCE SHEET
Commercial Lending:
Commercial/Commercial real estate	$	85		$	102		$	114		$	125		$	149		$	107		$	180
Lease financing		637			632			629			625			645			630			675

Total commercial lending		722			734			743			750			794			737			855

Consumer Lending:
Home equity		2,523			2,706			2,854			3,021			3,154			2,774			3,396
Residential real estate		3,565			3,741			4,023			4,184			4,399			3,877			4,812

Total consumer lending		6,088			6,447			6,877			7,205			7,553			6,651			8,208

Total portfolio loans		6,810			7,181			7,620			7,955			8,347			7,388			9,063
Other assets (b)		(623	)		(721	)		(706	)		(679	)		(678	)		(682	)		(725	)

Total assets	$	6,187		$	6,460		$	6,914		$	7,276		$	7,669		$	6,706		$	8,338

Deposits and other liabilities	$	81		$	218		$	222		$	224		$	219		$	186		$	225

Total liabilities	$	81		$	218		$	222		$	224		$	219		$	186		$	225

PERFORMANCE RATIOS
Return on average assets		6.16	%		4.18	%		3.25	%		4.51	%		3.93	%		4.49	%		4.40	%
Noninterest income to total revenue		17			15			8			7			13			12			7
Efficiency		9			22			24			20			28			19			21

OTHER INFORMATION
Nonperforming assets (c)	$	529		$	571		$	616		$	669		$	710
Purchased impaired loans (c) (d)	$	2,839		$	3,411		$	3,663		$	3,808		$	3,943
Net charge-offs (recoveries)	$	4		$	(1	)	$	(7	)	$	—		$	12		$	(4	)	$	47
Annualized net charge-off ratio		.20	%		(.05	)%		(.36	)%		—	%		.57	%		(.06	)%		.52	%
LOANS (c)
Commercial Lending:
Commercial/Commercial real estate	$	75		$	98		$	108		$	120		$	130
Lease financing		638			633			630			626			625

Total commercial lending		713			731			738			746			755

Consumer Lending:
Home equity		2,203			2,586			2,765			2,944			3,091
Residential real estate		3,300			3,625			3,941			4,139			4,290

Total consumer lending		5,503			6,211			6,706			7,083			7,381

Total loans	$	6,216		$	6,942		$	7,444		$	7,829		$	8,136

(a)	See note (a) on page 14.

(b)	Other assets were negative in all periods presented due to the allowance for loan and lease losses.

(c)	As of period end.

(d)	Recorded investment of purchased impaired loans related to acquisitions.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 22

Glossary Of Terms

Accretable net interest (Accretable yield) - The excess of cash flows expected to be collected on a purchased impaired loan over the carrying value of the loan. The accretable net interest is recognized into interest income over the remaining life of the loan using the constant effective yield method.

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

Annualized - Adjusted to reflect a full year of activity.

Basel III common equity Tier 1 capital - Common stock plus related surplus, net of treasury stock, plus retained earnings, plus accumulated other comprehensive income for securities currently and previously held as available for sale, plus accumulated other comprehensive income for pension and other postretirement benefit plans, less goodwill, net of associated deferred tax liabilities, less other disallowed intangibles, net of deferred tax liabilities and plus/less other adjustments.

Basel III common equity Tier 1 capital ratio - Common equity Tier 1 capital divided by period-end risk-weighted assets (as applicable).

Basel III Tier 1 capital - Common equity Tier 1 capital, plus preferred stock, plus certain trust preferred capital securities, plus certain noncontrolling interests that are held by others and plus/less other adjustments.

Basel III Tier 1 capital ratio - Tier 1 capital divided by period-end risk-weighted assets (as applicable).

Basel III Total capital - Tier 1 capital plus qualifying subordinated debt, plus certain trust preferred securities, plus, under the Basel III transitional rules and the standardized approach, the allowance for loan and lease losses included in Tier 2 capital and other.

Basel III Total capital ratio - Total capital divided by period-end risk-weighted assets (as applicable).

Basis point - One hundredth of a percentage point.

Carrying value of purchased impaired loans - The net value on the balance sheet which represents the recorded investment less any valuation allowance.

Cash recoveries - Cash recoveries used in the context of purchased impaired loans represent cash payments for a single purchased impaired loan not included within a pool of loans from customers that exceeded the recorded investment of that loan.

Charge-off - Process of removing a loan or portion of a loan from our balance sheet because it is considered uncollectible. We also record a charge-off when a loan is transferred from portfolio holdings to held for sale by reducing the loan carrying amount to the fair value of the loan, if fair value is less than carrying amount.

Combined loan-to-value ratio (CLTV) - This is the aggregate principal balance(s) of the mortgages on a property divided by its appraised value or purchase price.

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

Core net interest income - Core net interest income is total net interest income less purchase accounting accretion.

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

Credit valuation adjustment (CVA) - Represents an adjustment to the fair value of our derivatives for our own and counterparties’ non-performance risk.


THE PNC FINANCIAL SERVICES GROUP, INC.		Page 23

Derivatives - Financial contracts whose value is derived from changes in publicly traded securities, interest rates, currency exchange rates or market indices. Derivatives cover a wide assortment of financial contracts, including but not limited to forward contracts, futures, options and swaps.

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

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

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

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

Efficiency - Noninterest expense divided by total revenue.

Fair value - The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Fee income - When referring to the components of Noninterest income, we use the term fee income to refer to the following categories within Noninterest income: Asset management; Consumer services; Corporate services; Residential mortgage; and Service charges on deposits.

FICO score - A credit bureau-based industry standard score created by Fair Isaac Co. which predicts the likelihood of borrower default. We use FICO scores both in underwriting and assessing credit risk in our consumer lending portfolio. Lower FICO scores indicate likely higher risk of default, while higher FICO scores indicate likely lower risk of default. FICO scores are updated on a periodic basis.

Funds transfer pricing - A management accounting methodology designed to recognize the net interest income effects of sources and uses of funds provided by the assets and liabilities of a business segment. Assets receive a funding charge and liabilities and capital receive a funding credit based on a transfer pricing methodology that incorporates product repricing characteristics, tenor and other factors.

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

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

Impaired loans - Loans are determined to be impaired when, based on current information and events, it is probable that all contractually required payments will not be collected. Impaired loans include commercial nonperforming loans and consumer and commercial TDRs, regardless of nonperforming status. Excluded from impaired loans are nonperforming leases, loans held for sale, loans accounted for under the fair value option, smaller balance homogenous type loans and purchased impaired loans.

Leverage ratio - Tier 1 capital divided by average quarterly adjusted total assets.

LIBOR - Acronym for London InterBank Offered Rate. LIBOR is the average interest rate charged when banks in the London wholesale money market (or interbank market) borrow unsecured funds from each other. LIBOR rates are used as a benchmark for interest rates on a global basis. PNC’s product set includes loans priced using LIBOR as a benchmark.

Loan-to-value ratio (LTV) - A calculation of a loan’s collateral coverage that is used both in underwriting and assessing credit risk in our lending portfolio. LTV is the sum total of loan obligations secured by collateral divided by the market value of that same collateral. Market values of the collateral are based on an independent valuation of the collateral. For example, a LTV of less than 90% is better secured and has less credit risk than a LTV of greater than or equal to 90%.


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Loss given default (LGD) - An estimate of loss, net of recovery based on collateral type, collateral value, loan exposure, and other factors. Each loan has its own LGD. The LGD risk rating measures the percentage of exposure of a specific credit obligation that we expect to lose if default occurs. LGD is net of recovery, through any means, including but not limited to the liquidation of collateral or deficiency judgments rendered from foreclosure or bankruptcy proceedings.

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

Nonaccretable difference - Contractually required payments receivable on a purchased impaired loan in excess of the cash flows expected to be collected.

Nonaccrual loans - Loans for which we do not accrue interest income. Nonaccrual loans include nonperforming loans, in addition to loans accounted for under fair value option and loans accounted for as held for sale for which full collection of contractual principal and/or interest is not probable.

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

Nonperforming assets - Nonperforming assets include nonperforming loans and OREO and foreclosed assets, but exclude certain government insured or guaranteed loans for which we expect to collect substantially all principal and interest, loans held for sale, loans accounted for under the fair value option and purchased impaired loans. We do not accrue interest income on assets classified as nonperforming.

Nonperforming loans - Loans accounted for at amortized cost for which we do not accrue interest income. Nonperforming loans include loans to commercial, commercial real estate, equipment lease financing, home equity, residential real estate, credit card and other consumer customers as well as TDRs which have not returned to performing status. Nonperforming loans exclude certain government insured or guaranteed loans for which we expect to collect substantially all principal and interest, loans held for sale, loans accounted for under the fair value option and purchased impaired loans. Nonperforming loans exclude purchased impaired loans as we are currently accreting interest income over the expected life of the loans.

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

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

Options - Contracts that grant the purchaser, for a premium payment, the right, but not the obligation, to either purchase or sell the associated financial instrument at a set price during a specified period or at a specified date in the future.

Other real estate owned (OREO) and foreclosed assets - Assets taken in settlement of troubled loans primarily through deed-in-lieu of foreclosure or foreclosure. Foreclosed assets include real and personal property, equity interests in corporations, partnerships, and limited liability companies. Excludes certain assets that have a government-guarantee which are classified as other receivables.

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

Parent company liquidity coverage - Liquid assets divided by funding obligations within a two year period.

Pretax earnings - Income before income taxes and noncontrolling interests.

Pretax, pre-provision earnings - Total revenue less noninterest expense.


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Primary client relationship - A corporate banking client relationship with annual revenue generation of $10,000 to $50,000 or more, and for Asset Management Group, a client relationship with annual revenue generation of $10,000 or more.

Probability of default (PD) - An internal risk rating that indicates the likelihood that a credit obligor will enter into default status.

Purchase accounting accretion - Accretion of the discounts and premiums on acquired assets and liabilities. The purchase accounting accretion is recognized in net interest income over the weighted-average life of the financial instruments using the constant effective yield method. Accretion for a single purchased impaired loan not included within a pool of loans includes any cash recoveries on that loan received in excess of the recorded investment.

Purchased impaired loans - Acquired loans (or pools of loans) determined to be credit impaired under FASB ASC 310-30 (AICPA SOP 03-3). Loans (or pools of loans) are determined to be impaired if there is evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected.

Recorded investment (purchased impaired loans) - The initial investment of a purchased impaired loan plus interest accretion and less any cash payments and writedowns to date. The recorded investment excludes any valuation allowance which is included in our allowance for loan and lease losses.

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

Residential development loans - Project-specific loans to commercial customers for the construction or development of residential real estate including land, single family homes, condominiums and other residential properties.

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

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

Return on average common shareholders’ equity - Annualized net income attributable to common shareholders divided by average common shareholders’ equity.

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

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

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

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

Total equity - Total shareholders’ equity plus noncontrolling interests.

Transitional Basel III common equity – Common equity calculated under Basel III using phased in definitions and deductions applicable to PNC during the applicable presentation period.

Troubled debt restructuring (TDR) - A loan whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulties.

Watchlist - A list of criticized loans, credit exposure or other assets compiled for internal monitoring purposes. We define criticized exposure for this purpose as exposure with an internal risk rating of other assets especially mentioned, substandard, doubtful or loss.


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