October 15, 2026 - EX-99.2 - 8-K: Current report | The PNC Financial Services Group, Inc. (PNC)

Exhibit 99.2

THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT

THIRD QUARTER 2026

(Unaudited)

THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT

THIRD QUARTER 2026

(UNAUDITED)


Consolidated Results:			Page
Income Statement			1
Balance Sheet			2
Average Balance Sheet			3
Details of Net Interest Margin			4

Loans			5
Allowance for Credit Losses			6-7
Nonperforming Assets			8
Accruing Loans Past Due			9-10

Business Segment Results:
Descriptions			11
Period End Employees			11
Net Income and Revenue			12
Retail Banking			13-14
Corporate & Institutional Banking			15-16
Asset Management Group			17

Glossary of Terms			18-19

The information contained in this Financial Supplement is preliminary, unaudited and based on data available on October 15, 2026. 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 (U.S.) and is headquartered in Pittsburgh, Pennsylvania. PNC has businesses engaged in retail banking, corporate and institutional banking and asset management, providing many of its products and services nationally. PNC's retail branch network is located coast-to-coast. PNC also has strategic international offices in four countries outside the U.S.

ACQUISITION OF FIRSTBANK HOLDING COMPANY

On January 5, 2026, PNC completed its acquisition of FirstBank Holding Company, including its banking subsidiary FirstBank. At close, FirstBank had $26 billion of assets, $16 billion of loans and $23 billion of deposits. Effective January 5, 2026, FirstBank’s financial results are included in PNC’s consolidated operations.

As of June 22, 2026, PNC converted approximately 780,000 customers, more than 1,620 employees and 95 branches across Colorado and Arizona, merging FirstBank into PNC Bank. Our second quarter 2026 Form 10-Q included additional information on this acquisition.

EDUCATION LOAN PORTFOLIO

During the third quarter of 2026, PNC transferred its $1.4 billion education loan portfolio to Loans held-for-sale and incurred $35 million in charge-offs upon transfer. Prior to the transfer, this portfolio was included in loan disclosures within the Other consumer loan class.


THE PNC FINANCIAL SERVICES GROUP, INC.
Cross Reference Index to Third Quarter 2026 Financial Supplement (Unaudited)
Financial Supplement Table Reference

Table	Description	Page
1	Consolidated Income Statement	1
2	Consolidated Balance Sheet	2
3	Average Consolidated Balance Sheet	3
4	Details of Net Interest Margin	4

5	Details of Loans	5
6	Change in Allowance for Loan and Lease Losses	6
7	Components of the Provision for Credit Losses	7
8	Allowance for Credit Losses by Loan Class	7
9	Nonperforming Assets by Type	8
10	Change in Nonperforming Assets	8
11	Accruing Loans Past Due 30 to 59 Days	9
12	Accruing Loans Past Due 60 to 89 Days	9
13	Accruing Loans Past Due 90 Days or More	10
14	Period End Employees	11
15	Summary of Business Segment Net Income and Revenue	12
16	Retail Banking	13-14
17	Corporate & Institutional Banking	15-16
18	Asset Management Group	17


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 1

Table 1: Consolidated Income Statement (Unaudited)


	Three months ended															Nine months ended
	September 30			June 30			March 31			December 31			September 30			September 30			September 30
In millions, except per share data	2026			2026			2026			2025			2025			2026			2025
Interest Income
Loans	$	5,187		$	4,986		$	4,792		$	4,640		$	4,751		$	14,965		$	13,832
Investment securities	1,356			1,263			1,202			1,188			1,211			3,821			3,486
Other	461			445			450			552			565			1,356			1,609
Total interest income	7,004			6,694			6,444			6,380			6,527			20,142			18,927
Interest Expense
Deposits	1,799			1,682			1,735			1,864			1,980			5,216			5,633
Borrowed funds	999			905			748			785			899			2,652			2,615
Total interest expense	2,798			2,587			2,483			2,649			2,879			7,868			8,248
Net interest income	4,206			4,107			3,961			3,731			3,648			12,274			10,679
Noninterest Income
Asset management and brokerage	447			440			420			411			404			1,307			1,186
Capital markets and advisory	433			577			463			489			432			1,473			1,059
Card and cash management	769			772			738			733			737			2,279			2,166
Lending and deposit services	358			346			340			342			335			1,044			968
Residential and commercial mortgage	135			144			118			148			161			397			423
Other income
Gains related to Visa share exchange	11			448			—			—			—			459			—
Securities gains (losses)	(1)			(139)			28			(7)			—			(112)			(2)
Other (a)	204			180			97			224			198			481			549
Total other income	214			489			125			217			198			828			547
Total noninterest income	2,356			2,768			2,204			2,340			2,267			7,328			6,349
Total revenue	6,562			6,875			6,165			6,071			5,915			19,602			17,028
Provision For Credit Losses	189			191			210			139			167			590			640
Noninterest Expense
Personnel	2,031			2,273			2,106			2,033			1,970			6,410			5,749
Occupancy	262			252			262			247			235			776			715
Equipment	435			435			415			412			416			1,285			1,194
Marketing	106			110			87			101			93			303			277
Other	917			1,028			898			810			747			2,843			2,296
Total noninterest expense	3,751			4,098			3,768			3,603			3,461			11,617			10,231
Income before income taxes and noncontrolling interests	2,622			2,586			2,187			2,329			2,287			7,395			6,157
Income taxes	525			531			415			296			465			1,471			1,193




Net income	2,097			2,055			1,772			2,033			1,822			5,924			4,964
Less: Net income attributable to noncontrolling interests	16			15			12			13			14			43			48
Preferred stock dividends (b)	73			85			73			83			71			231			225
Preferred stock discount accretion and redemptions	2			2			1			3			2			5			6
Net income attributable to common shareholders	$	2,006		$	1,953		$	1,686		$	1,934		$	1,735		$	5,645		$	4,685
Earnings Per Common Share
Basic	$	4.98		$	4.82		$	4.13		$	4.88		$	4.36		$	13.92		$	11.73


Diluted	$	4.97		$	4.81		$	4.13		$	4.88		$	4.35		$	13.91		$	11.72


Average Common Shares Outstanding
Basic	401			403			405			394			396			403			397
Diluted	401			403			405			394			396			403			397
Efficiency	57		%	60		%	61		%	59		%	59		%	59		%	60		%
Noninterest income to total revenue	36		%	40		%	36		%	39		%	38		%	37		%	37		%
Effective tax rate (c)	20.0		%	20.5		%	19.0		%	12.7		%	20.3		%	19.9		%	19.4		%

(a)Includes Visa derivative fair value adjustments of $(36) million, $(85) million, $(32) million, $(41) million and $(35) million for the quarters ended September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025 and September 30, 2025 and $(153) million and $(73) million for the nine months ended September 30, 2026 and September 30, 2025, respectively. These adjustments are primarily related to escrow funding and the extension of anticipated litigation resolution timing.

(b)Dividends are payable quarterly, other than Series S preferred stock, which is payable semiannually.

(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)


	September 30		June 30		March 31		December 31		September 30
In millions, except par value	2026		2026		2026		2025		2025
Assets
Cash and due from banks	$	5,755	$	5,951	$	5,646	$	6,777	$	5,553
Interest-earning deposits with banks (a)	24,670		22,794		26,053		32,936		33,318
Loans held for sale (b)	2,753		1,522		1,332		1,939		1,104
Investment securities – available-for-sale	67,175		71,100		71,072		68,135		68,297
Investment securities – held-to-maturity	79,195		78,406		72,040		70,105		73,226
Loans (b)	378,792		367,953		360,923		331,481		326,616
Allowance for loan and lease losses	(4,536)		(4,652)		(4,663)		(4,410)		(4,478)
Net loans	374,256		363,301		356,260		327,071		322,138
Equity investments	12,094		11,735		10,512		10,790		9,972
Mortgage servicing rights	4,049		3,801		3,816		3,659		3,627
Goodwill	13,317		13,317		13,282		10,959		10,962
Other (b)	44,552		44,107		43,015		41,201		40,570
Total assets	$	627,816	$	616,034	$	603,028	$	573,572	$	568,767
Liabilities
Deposits
Noninterest-bearing	$	99,720	$	99,356	$	99,297	$	91,748	$	91,207
Interest-bearing (b)	366,642		350,436		358,351		349,118		341,542
Total deposits	466,362		449,792		457,648		440,866		432,749
Borrowed funds
Federal Home Loan Bank advances	36,512		40,416		21,417		13,000		16,100
Senior debt	36,310		38,144		38,021		38,642		38,695
Subordinated debt	4,239		4,396		4,502		3,016		3,512
Other (b)	2,696		2,767		2,726		2,443		4,037
Total borrowed funds	79,757		85,723		66,666		57,101		62,344
Allowance for unfunded lending related commitments	850		809		832		818		775
Accrued expenses and other liabilities (b)	18,437		15,649		14,206		14,151		13,861
Total liabilities	565,406		551,973		539,352		512,936		509,729
Equity
Preferred stock (c)	—		—		—		—		—
Common stock - $5 par value
Authorized 800,000,000 shares, issued 557,291,841; 557,291,838; 557,213,012; 543,497,966 and 543,412,079 shares	2,786		2,786		2,786		2,717		2,717
Capital surplus	22,059		21,999		21,926		18,922		18,859
Retained earnings	66,715		65,518		64,256		63,266		62,008
Accumulated other comprehensive income (loss)	(6,472)		(4,120)		(3,773)		(3,408)		(4,077)
Common stock held in treasury at cost: 160,049,284; 157,826,113; 155,167,491; 153,084,091 and 151,030,533 shares	(22,735)		(22,175)		(21,568)		(20,912)		(20,517)
Total shareholders’ equity	62,353		64,008		63,627		60,585		58,990
Noncontrolling interests	57		53		49		51		48
Total equity	62,410		64,061		63,676		60,636		59,038
Total liabilities and equity	$	627,816	$	616,034	$	603,028	$	573,572	$	568,767

(a)Amounts include balances held with the Federal Reserve Bank of $23.9 billion, $22.2 billion, $25.3 billion, $32.0 billion and $32.7 billion as of September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025 and September 30, 2025, respectively.

(b)Amounts include assets and liabilities for which PNC has elected the fair value option. Our second quarter 2026 Form 10-Q included, and our third quarter 2026 Form 10-Q will include, additional information regarding these items.

(c)Par value less than $0.5 million at each date.


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 3


Table 3: Average Consolidated Balance Sheet (Unaudited) (a) (b)
	Three months ended										Nine months ended
	September 30		June 30		March 31		December 31		September 30		September 30		September 30
In millions	2026		2026		2026		2025		2025		2026		2025
Assets
Interest-earning assets:
Investment securities
Securities available-for-sale
Residential mortgage-backed	$	35,582	$	37,333	$	34,652	$	33,564	$	34,752	$	35,859	$	34,374
U.S. Treasury and government agencies	27,886		27,972		28,491		28,119		26,799		28,114		25,527
Other	8,563		8,407		8,505		8,202		8,293		8,492		7,875
Total securities available-for-sale	72,031		73,712		71,648		69,885		69,844		72,465		67,776
Securities held-to-maturity
Residential mortgage-backed	53,623		46,512		45,078		42,925		42,667		48,436		41,060
U.S. Treasury and government agencies	17,575		18,687		20,683		23,426		25,540		18,970		27,111
Other	8,121		8,188		7,117		5,983		6,384		7,812		6,912
Total securities held-to-maturity	79,319		73,387		72,878		72,334		74,591		75,218		75,083
Total investment securities	151,350		147,099		144,526		142,219		144,435		147,683		142,859
Loans
Commercial and industrial	232,552		223,711		211,358		198,726		195,903		222,618		190,571
Commercial real estate	36,623		35,057		34,367		30,173		30,850		35,357		31,911
Consumer	54,704		55,334		55,483		54,884		54,238		55,171		53,840
Residential real estate	48,295		49,094		49,675		44,146		44,941		49,016		45,526
Total loans	372,174		363,196		350,883		327,929		325,932		362,162		321,848
Interest-earning deposits with banks (c)	27,686		30,734		32,612		32,009		35,003		30,327		33,815
Other interest-earning assets	14,904		13,985		12,457		18,618		12,759		13,799		11,432
Total interest-earning assets	566,114		555,014		540,478		520,775		518,129		553,971		509,954
Noninterest-earning assets	62,772		61,256		60,984		55,071		53,404		61,652		53,350
Total assets	$	628,886	$	616,270	$	601,462	$	575,846	$	571,533	$	615,623	$	563,304
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing deposits
Money market	$	82,821	$	81,402	$	85,196	$	78,742	$	75,890	$	83,131	$	73,297
Demand	135,951		136,487		137,558		132,591		128,962		136,660		126,760
Savings	105,192		102,624		100,940		97,188		96,627		102,934		97,018
Time deposits	36,012		33,027		35,579		36,180		37,593		34,874		35,363
Total interest-bearing deposits	359,976		353,540		359,273		344,701		339,072		357,599		332,438
Borrowed funds
Federal Home Loan Bank advances	37,595		29,362		16,616		14,671		17,615		27,935		18,538
Senior debt	38,278		38,184		37,383		38,623		38,012		37,952		36,374
Subordinated debt	4,541		4,544		4,200		3,299		3,616		4,430		3,871
Other	5,260		6,843		4,675		3,722		7,070		5,594		6,594
Total borrowed funds	85,674		78,933		62,874		60,315		66,313		75,911		65,377
Total interest-bearing liabilities	445,650		432,473		422,147		405,016		405,385		433,510		397,815
Noninterest-bearing liabilities and equity:
Noninterest-bearing deposits	101,208		103,479		99,081		94,834		92,756		101,263		92,760
Accrued expenses and other liabilities	18,831		16,848		16,944		16,646		15,624		17,541		16,382
Equity	63,197		63,470		63,290		59,350		57,768		63,309		56,347
Total liabilities and equity	$	628,886	$	616,270	$	601,462	$	575,846	$	571,533	$	615,623	$	563,304

(a)Calculated using average daily balances.

(b)Nonaccrual loans are included in loans, net of unearned income. The impact of financial derivatives used in interest rate risk management is included in the interest income/expense and average yields/rates of the related assets and liabilities. Fair value adjustments related to hedged items are included in noninterest-earning assets and noninterest-bearing liabilities. Average balances of securities are based on amortized historical cost (excluding adjustments to fair value, which are included in other assets).

(c)Amounts include average balances held with the Federal Reserve Bank of $26.9 billion, $29.9 billion, $31.8 billion, $31.3 billion and $34.2 billion for the three months ended September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025 and September 30, 2025 and $29.5 billion and $33.1 billion for the nine months ended September 30, 2026 and 2025, respectively.


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 4


Table 4: Details of Net Interest Margin (Unaudited)
	Three months ended										Nine months ended
	September 30		June 30		March 31		December 31		September 30		September 30		September 30
	2026		2026		2026		2025		2025		2026		2025
Average yields/rates (a)
Yield on interest-earning assets
Investment securities
Securities available-for-sale
Residential mortgage-backed	3.92	%	3.85	%	3.72	%	3.80	%	3.82	%	3.83	%	3.76	%
U.S. Treasury and government agencies	3.96	%	3.94	%	4.04	%	4.29	%	4.58	%	3.98	%	4.56	%
Other	4.07	%	4.01	%	4.00	%	3.97	%	3.91	%	4.02	%	3.75	%
Total securities available-for-sale	3.95	%	3.90	%	3.88	%	4.02	%	4.12	%	3.91	%	4.06	%
Securities held-to-maturity
Residential mortgage-backed	3.62	%	3.31	%	3.20	%	3.13	%	3.07	%	3.39	%	2.94	%
U.S. Treasury and government agencies	1.67	%	1.64	%	1.59	%	1.50	%	1.51	%	1.63	%	1.52	%
Other	4.42	%	4.36	%	4.23	%	4.28	%	4.35	%	4.34	%	4.36	%
Total securities held-to-maturity	3.27	%	3.00	%	2.84	%	2.70	%	2.65	%	3.04	%	2.56	%
Total investment securities	3.59	%	3.45	%	3.36	%	3.35	%	3.36	%	3.47	%	3.27	%
Loans
Commercial and industrial	5.42	%	5.39	%	5.43	%	5.55	%	5.78	%	5.41	%	5.74	%
Commercial real estate	5.69	%	5.71	%	5.79	%	5.92	%	6.06	%	5.73	%	6.00	%
Consumer	7.06	%	6.94	%	6.99	%	7.09	%	7.18	%	7.00	%	7.14	%
Residential real estate	4.00	%	4.03	%	3.97	%	3.74	%	3.75	%	4.00	%	3.77	%
Total loans	5.50	%	5.47	%	5.50	%	5.60	%	5.76	%	5.49	%	5.72	%
Interest-earning deposits with banks	3.66	%	3.63	%	3.64	%	3.92	%	4.34	%	3.64	%	4.37	%
Other interest-earning assets	5.39	%	4.69	%	4.95	%	4.95	%	5.51	%	5.02	%	5.71	%
Total yield on interest-earning assets	4.90	%	4.82	%	4.80	%	4.86	%	4.99	%	4.84	%	4.94	%
Rate on interest-bearing liabilities
Interest-bearing deposits
Money market	2.62	%	2.51	%	2.53	%	2.77	%	3.07	%	2.55	%	3.02	%
Demand	1.66	%	1.60	%	1.61	%	1.78	%	1.96	%	1.63	%	1.91	%
Savings	1.49	%	1.48	%	1.49	%	1.62	%	1.68	%	1.49	%	1.65	%
Time deposits	3.15	%	3.03	%	3.26	%	3.53	%	3.67	%	3.15	%	3.66	%
Total interest-bearing deposits	1.98	%	1.91	%	1.96	%	2.14	%	2.32	%	1.95	%	2.26	%
Borrowed funds
Federal Home Loan Bank advances	3.94	%	3.89	%	3.98	%	4.41	%	4.73	%	3.93	%	4.74	%
Senior debt	5.19	%	5.10	%	5.14	%	5.55	%	5.85	%	5.15	%	5.76	%
Subordinated debt	5.26	%	5.16	%	5.12	%	5.52	%	5.81	%	5.18	%	5.68	%
Other	4.77	%	4.08	%	4.14	%	4.02	%	4.19	%	4.31	%	4.26	%
Total borrowed funds	4.62	%	4.57	%	4.76	%	5.18	%	5.38	%	4.64	%	5.31	%
Total rate on interest-bearing liabilities	2.49	%	2.39	%	2.37	%	2.59	%	2.81	%	2.42	%	2.76	%
Interest rate spread	2.41	%	2.43	%	2.43	%	2.27	%	2.18	%	2.42	%	2.18	%
Benefit from use of noninterest-bearing sources (b)	0.53	%	0.53	%	0.52	%	0.57	%	0.61	%	0.53	%	0.61	%
Net interest margin (c)(d)	2.94	%	2.96	%	2.95	%	2.84	%	2.79	%	2.95	%	2.79	%

(a)Yields and rates are calculated using the applicable annualized interest income or expense for each product, based on its contractual day-count convention (e.g., 30/360; actual/actual; actual/360), divided by the applicable average earning assets or interest-bearing liabilities. This approach accounts for differences in product conventions to reduce seasonal volatility in net interest margin.

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

(c)Net interest margin is the total yield on interest-earning assets minus the total rate on interest-bearing liabilities and includes the benefit from use of noninterest-bearing sources.

(d)To provide more meaningful comparisons of net interest margins, we use net interest income on a taxable-equivalent basis in calculating average yields used in the calculation of net interest margin 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 GAAP in the Consolidated Income Statement. The taxable-equivalent adjustments to net interest income for the three months ended September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025 and September 30, 2025 were $26 million, $27 million, $29 million, $31 million and $30 million, respectively. The taxable-equivalent adjustments to net interest income for the nine months ended September 30, 2026 and 2025 were $82 million and $86 million, respectively.


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 5

Table 5: Details of Loans (Unaudited)


	September 30		June 30		March 31		December 31		September 30
In millions	2026		2026		2026		2025		2025
Commercial
Commercial and industrial
Financial services	$	49,120	$	44,297	$	42,224	$	37,592	$	33,939
Manufacturing	36,460		35,114		34,977		30,623		31,044
Service providers	28,149		27,756		27,303		25,552		25,159
Wholesale trade	24,160		22,713		21,146		19,843		19,917
Real estate related (a)	19,774		17,994		17,138		15,275		15,405
Retail trade	14,156		13,375		12,973		12,073		12,408
Technology, media and telecommunications	12,952		12,682		13,613		12,324		11,594
Rental and leasing	10,627		9,696		9,281		9,074		8,940
Health care	10,023		9,536		9,526		9,135		9,851
Transportation and warehousing	9,964		9,893		9,872		9,258		8,156
Other industries	24,646		24,859		23,137		22,149		20,681
Total commercial and industrial	240,031		227,915		221,190		202,898		197,094
Commercial real estate	36,960		35,962		34,770		29,565		30,281
Total commercial	276,991		263,877		255,960		232,463		227,375
Consumer
Residential real estate	48,026		48,709		49,567		43,760		44,637
Home equity	26,280		26,280		26,223		25,941		25,942
Automobile	15,345		15,872		16,325		16,591		16,272
Credit card	7,527		7,311		7,069		7,014		6,636
Other consumer (b)	4,623		5,904		5,779		5,712		5,754
Total consumer	101,801		104,076		104,963		99,018		99,241
Total loans	$	378,792	$	367,953	$	360,923	$	331,481	$	326,616

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

(b)During the third quarter of 2026, PNC transferred its $1.4 billion education loan portfolio to Loans held-for-sale.


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 6

Allowance for Credit Losses (Unaudited)

Table 6: Change in Allowance for Loan and Lease Losses


	Three months ended															Nine months ended
	September 30			June 30			March 31			December 31			September 30			September 30			September 30
Dollars in millions	2026			2026			2026			2025			2025			2026			2025
Allowance for loan and lease losses
Beginning balance	$	4,652		$	4,663		$	4,410		$	4,478		$	4,523		$	4,410		$	4,486
Acquisition PCD reserves	—			—			93			—			—			93			—
Acquisition PSL reserves (a)	—			—			229			—			—			229			—
Adjusted beginning balance	4,652			4,663			4,732			4,478			4,523			4,732			4,486
Gross charge-offs:
Commercial and industrial	(131)			(141)			(129)			(85)			(97)			(401)			(309)
Commercial real estate	(33)			(24)			(19)			(15)			(19)			(76)			(101)
Residential real estate	(2)			—			(1)			—			(6)			(3)			(8)
Home equity	(11)			(10)			(10)			(7)			(10)			(31)			(28)
Automobile	(28)			(29)			(31)			(33)			(32)			(88)			(97)
Credit card	(68)			(78)			(74)			(73)			(76)			(220)			(247)
Other consumer (b)	(79)			(42)			(45)			(43)			(44)			(166)			(130)
Acquired loans (c)	—			—			(45)			—			—			(45)			—
Total gross charge-offs	(352)			(324)			(354)			(256)			(284)			(1,030)			(920)
Recoveries:
Commercial and industrial	35			33			33			33			38			101			133
Commercial real estate	1			3			5			3			6			9			19
Residential real estate	3			2			2			3			3			7			8
Home equity	13			7			8			8			7			28			27
Automobile	20			21			20			22			25			61			72
Credit card	19			19			20			15			17			58			47
Other consumer	4			13			13			10			9			30			32
Total recoveries	95			98			101			94			105			294			338
Net (charge-offs) / recoveries:
Commercial and industrial	(96)			(108)			(96)			(52)			(59)			(300)			(176)
Commercial real estate	(32)			(21)			(14)			(12)			(13)			(67)			(82)
Residential real estate	1			2			1			3			(3)			4			—
Home equity	2			(3)			(2)			1			(3)			(3)			(1)
Automobile	(8)			(8)			(11)			(11)			(7)			(27)			(25)
Credit card	(49)			(59)			(54)			(58)			(59)			(162)			(200)
Other consumer	(75)			(29)			(32)			(33)			(35)			(136)			(98)
Acquired loans	—			—			(45)			—			—			(45)			—
Total net (charge-offs)	(257)			(226)			(253)			(162)			(179)			(736)			(582)
Provision for credit losses (d)	141			213			188			93			136			542			567
Other	—			2			(4)			1			(2)			(2)			7
Ending balance	$	4,536		$	4,652		$	4,663		$	4,410		$	4,478		$	4,536		$	4,478
Supplemental Information
Net charge-offs
Commercial net charge-offs	$	(128)		$	(129)		$	(120)		$	(64)		$	(72)		$	(377)		$	(258)
Consumer net charge-offs	(129)			(97)			(133)			(98)			(107)			(359)			(324)
Total net charge-offs	(257)			(226)			(253)			(162)			(179)			(736)			(582)
Net charge-offs to average loans (annualized)	0.28		%	0.25		%	0.29		%	0.20		%	0.22		%	0.26		%	0.24		%
Commercial	0.20		%	0.20		%	0.18		%	0.11		%	0.13		%	0.18		%	0.15		%
Consumer	0.49		%	0.37		%	0.38		%	0.39		%	0.43		%	0.42		%	0.44		%

(a)On January 1, 2026, we adopted ASU 2025-08 - Financial Instruments - Credit Losses (Topic 326): Purchased Loans, and established the initial ACL for purchased seasoned loans (PSLs). Our third quarter 2026 Form 10-Q will include additional information on the adoption of this ASU.

(b)During the third quarter of 2026, PNC transferred its $1.4 billion education loan portfolio to Loans held-for-sale and incurred $35 million in charge-offs upon transfer.

(c)Primarily represents the charge-off of certain loans previously charged off by FirstBank, which were written up upon acquisition to unpaid principal balance as required by purchase accounting.

(d)See Table 7 for the components of the Provision for credit losses being reported on the Consolidated Income Statement.


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 7

Allowance for Credit Losses (Unaudited) (Continued)

Table 7: Components of the Provision for Credit Losses


	Three months ended										Nine months ended
	September 30		June 30		March 31		December 31		September 30		September 30		September 30
In millions	2026		2026		2026		2025		2025		2026		2025
Provision for credit losses
Loans and leases	$	141	$	213	$	188	$	93	$	136	$	542	$	567
Unfunded lending related commitments	40		(20)		14		43		16		34		54
Investment securities	—		(1)		—		—		(1)		(1)		1
Other financial assets	8		(1)		8		3		16		15		18
Total provision for credit losses	$	189	$	191	$	210	$	139	$	167	$	590	$	640

Table 8: Allowance for Credit Losses by Loan Class (a)


	September 30, 2026						June 30, 2026						September 30, 2025
Dollars in millions	Allowance Amount		Total Loans		% of Total Loans		Allowance Amount		Total Loans		% of Total Loans		Allowance Amount		Total Loans		% of Total Loans
Allowance for loan and lease losses
Commercial
Commercial and industrial	$	2,106	$	240,031	0.88	%	$	2,219	$	227,915	0.97	%	$	2,036	$	197,094	1.03	%
Commercial real estate	1,085		36,960		2.94	%	1,035		35,962		2.88	%	1,142		30,281		3.77	%
Total commercial	3,191		276,991		1.15	%	3,254		263,877		1.23	%	3,178		227,375		1.40	%
Consumer
Residential real estate	101		48,026		0.21	%	90		48,709		0.18	%	50		44,637		0.11	%
Home equity	270		26,280		1.03	%	280		26,280		1.07	%	285		25,942		1.10	%
Automobile	150		15,345		0.98	%	160		15,872		1.01	%	153		16,272		0.94	%
Credit card	654		7,527		8.69	%	647		7,311		8.85	%	596		6,636		8.98	%
Other consumer	170		4,623		3.68	%	221		5,904		3.74	%	216		5,754		3.75	%
Total consumer	1,345		101,801		1.32	%	1,398		104,076		1.34	%	1,300		99,241		1.31	%
Total	4,536		$	378,792	1.20	%	4,652		$	367,953	1.26	%	4,478		$	326,616	1.37	%
Allowance for unfunded lending related commitments	850						809						775
Allowance for credit losses	$	5,386					$	5,461					$	5,253

Supplemental Information
Allowance for credit losses to total loans					1.42	%					1.48	%					1.61	%
Commercial					1.40	%					1.49	%					1.68	%
Consumer					1.47	%					1.48	%					1.45	%

(a) Excludes allowances for investment securities and other financial assets, which together totaled $103 million, $99 million and $101 million at September 30, 2026, June 30, 2026 and September 30, 2025, respectively.


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 8

Details of Nonperforming Assets (Unaudited)

Table 9: Nonperforming Assets by Type


	September 30			June 30			March 31			December 31			September 30
Dollars in millions	2026			2026			2026			2025			2025
Nonperforming loans
Commercial
Commercial and industrial
Service providers	$	269		$	131		$	136		$	116		$	119
Wholesale trade	107			106			97			161			96
Manufacturing	110			186			224			98			75
Transportation and warehousing	77			83			71			62			68
Real estate related (a)	63			50			25			27			20
Health care	50			47			42			47			45
Technology, media and telecommunications	41			41			25			27			83
Retail trade	9			14			79			194			36
Rental and leasing	5			4			5			6			13
Other industries	24			23			46			46			64
Total commercial and industrial	755			685			750			784			619
Commercial real estate	559			464			630			574			663
Total commercial	1,314			1,149			1,380			1,358			1,282
Consumer (b)
Residential real estate	319			325			316			320			326
Home equity	465			456			447			439			431
Automobile	81			82			85			83			82
Credit card	12			11			12			13			13
Other consumer	3			4			3			5			3
Total consumer	880			878			863			860			855
Total nonperforming loans (c)	2,194			2,027			2,243			2,218			2,137
OREO, foreclosed and other assets (d)	131			123			139			143			162
Total nonperforming assets	$	2,325		$	2,150		$	2,382		$	2,361		$	2,299
Nonperforming loans to total loans	0.58		%	0.55		%	0.62		%	0.67		%	0.65		%
Nonperforming assets to total loans, OREO, foreclosed and other assets (d)	0.61		%	0.58		%	0.66		%	0.71		%	0.70		%
Nonperforming assets to total assets	0.37		%	0.35		%	0.40		%	0.41		%	0.40		%
Allowance for loan and lease losses to nonperforming loans	207		%	230		%	208		%	199		%	210		%

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

(b)Excludes most unsecured consumer loans and lines of credit, which are charged off after 120 to 180 days past due and are not placed on nonperforming status.

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

(d)Amounts include nonaccrual servicing advances primarily to single asset/single borrower trusts with commercial real estate as collateral totaling $86 million, $90 million, $103 million, $105 million and $127 million at September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025 and September 30, 2025, respectively.

Table 10: Change in Nonperforming Assets


	Three months ended
	September 30		June 30		March 31		December 31		September 30
Dollars in millions	2026		2026		2026		2025		2025
Beginning balance	$	2,150	$	2,382	$	2,361	$	2,299	$	2,141

New nonperforming assets	692		335		539		569		653
Charge-offs and valuation adjustments	(153)		(150)		(152)		(91)		(103)
Principal activity, including paydowns and payoffs	(293)		(174)		(343)		(248)		(299)
Asset sales and transfers to loans held for sale	(3)		(68)		(9)		(33)		(13)
Returned to performing status	(68)		(175)		(95)		(135)		(80)
Acquired nonperforming assets	—		—		81		—		—
Ending balance	$	2,325	$	2,150	$	2,382	$	2,361	$	2,299


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 9

Accruing Loans Past Due (Unaudited)

Table 11: Accruing Loans Past Due 30 to 59 Days (a)



	September 30			June 30			March 31			December 31			September 30
Dollars in millions	2026			2026			2026			2025			2025
Commercial
Commercial and industrial	$	106		$	123		$	283		$	182		$	161
Commercial real estate	11			7			90			14			9
Total commercial	117			130			373			196			170
Consumer
Residential real estate
Non government insured	212			305			221			170			166
Government insured	66			67			63			73			79
Home equity	60			65			73			70			73
Automobile	60			59			59			74			70
Credit card	42			37			41			45			45
Other consumer	8			32			33			32			32
Total consumer	448			565			490			464			465
Total	$	565		$	695		$	863		$	660		$	635
Supplemental Information
Total accruing loans past due 30-59 days to total loans	0.15		%	0.19		%	0.24		%	0.20		%	0.19		%
Commercial	0.04		%	0.05		%	0.15		%	0.08		%	0.07		%
Consumer	0.44		%	0.54		%	0.47		%	0.47		%	0.47		%

(a)Excludes loans held for sale.

Table 12: Accruing Loans Past Due 60 to 89 Days (a)


	September 30			June 30			March 31			December 31			September 30
Dollars in millions	2026			2026			2026			2025			2025
Commercial
Commercial and industrial	$	85		$	121		$	50		$	103		$	67
Commercial real estate	102			9			17			98			—
Total commercial	187			130			67			201			67
Consumer
Residential real estate
Non government insured	61			78			69			57			48
Government insured	37			37			41			44			39
Home equity	27			26			32			30			27
Automobile	16			15			15			18			17
Credit card	29			28			31			32			31
Other consumer	5			24			18			21			22
Total consumer	175			208			206			202			184
Total	$	362		$	338		$	273		$	403		$	251
Supplemental Information
Total accruing loans past due 60-89 days to total loans	0.10		%	0.09		%	0.08		%	0.12		%	0.08		%
Commercial	0.07		%	0.05		%	0.03		%	0.09		%	0.03		%
Consumer	0.17		%	0.20		%	0.20		%	0.20		%	0.19		%

(a)Excludes loans held for sale.


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 10

Accruing Loans Past Due (Unaudited) (Continued)

Table 13: Accruing Loans Past Due 90 Days or More (a)


	September 30			June 30			March 31			December 31			September 30
Dollars in millions	2026			2026			2026			2025			2025
Commercial
Commercial and industrial	$	69		$	76		$	68		$	57		$	71
Commercial real estate	4			—			1			—			1
Total commercial	73			76			69			57			72
Consumer
Residential real estate
Non government insured	49			42			50			46			38
Government insured	183			188			195			163			126
Automobile	6			4			5			5			4
Credit card	57			56			64			65			63
Other consumer	6			37			39			44			44
Total consumer	301			327			353			323			275
Total	$	374		$	403		$	422		$	380		$	347
Supplemental Information
Total accruing loans past due 90 days or more to total loans	0.10		%	0.11		%	0.12		%	0.11		%	0.11		%
Commercial	0.03		%	0.03		%	0.03		%	0.02		%	0.03		%
Consumer	0.30		%	0.31		%	0.34		%	0.33		%	0.28		%
Total accruing loans past due	$	1,301		$	1,436		$	1,558		$	1,443		$	1,233
Commercial	$	377		$	336		$	509		$	454		$	309
Consumer	$	924		$	1,100		$	1,049		$	989		$	924
Total accruing loans past due to total loans	0.34		%	0.39		%	0.43		%	0.44		%	0.38		%
Commercial	0.14		%	0.13		%	0.20		%	0.20		%	0.14		%
Consumer	0.91		%	1.06		%	1.00		%	1.00		%	0.93		%

(a)Excludes loans held for sale.


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 11

Business Segment Descriptions (Unaudited)

Retail Banking provides deposit, lending, brokerage, insurance services, investment management and cash management products and services to consumer and small business customers who are serviced through our coast-to-coast branch network, digital channels, ATMs, or through our phone-based customer contact centers. Deposit products include checking, savings and money market accounts and time deposits. Lending products include residential mortgages, home equity loans and lines of credit, auto loans, credit cards, personal and small business loans and lines of credit. The residential mortgage loans are directly originated within our branch network and nationwide, and are typically underwritten to agency and/or third-party standards, and either sold, servicing retained or held on our balance sheet. PNC Wealth Management offers brokerage, investment management and cash management products and services which include managed, education, retirement and trust accounts.

Corporate & Institutional Banking provides lending, treasury management, capital markets and advisory products and services to mid-sized and large corporations and government and not-for-profit entities. Lending products include secured and unsecured loans, letters of credit and equipment leases. The Treasury Management business provides corporations with cash and investment management services, receivables and disbursement management services, funds transfer services and access to online/mobile information management and reporting services. Capital markets and advisory includes services and activities primarily related to merger and acquisitions advisory, equity capital markets advisory, asset-backed financing, loan syndication, securities underwriting and customer-related trading. We also provide commercial loan servicing and technology solutions for the commercial real estate finance industry. Products and services are provided nationally.

Asset Management Group provides private banking for high net worth and ultra high net worth clients and institutional asset management. The Asset Management Group is composed of two operating units:

•PNC Private Bank provides products and services to emerging affluent, high net worth and ultra high net worth individuals and their families, including investment and retirement planning, customized investment management, credit and cash management solutions, trust management and administration. In addition, multi-generational family planning services are also provided to ultra high net worth individuals and their families, which include estate, financial, tax, fiduciary and customized performance reporting.

•Institutional Asset Management provides outsourced chief investment officer, custody, cash and fixed income client solutions, and retirement plan fiduciary investment services to institutional clients, including corporations, healthcare systems, insurance companies, municipalities and non-profits.

Table 14: Period End Employees


	September 30	June 30	March 31	December 31	September 30
	2026	2026	2026	2025	2025
Full-time employees
Retail Banking	26,440	26,611	28,046	26,168	26,126
Other full-time employees	29,132	29,093	28,320	27,691	27,397
Total full-time employees	55,572	55,704	56,366	53,859	53,523
Part-time employees
Retail Banking	1,347	1,429	1,389	1,427	1,367
Other part-time employees	44	495	46	47	48
Total part-time employees	1,391	1,924	1,435	1,474	1,415
Total	56,963	57,628	57,801	55,333	54,938


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 12

Table 15: Summary of Business Segment Net Income and Revenue (Unaudited) (a)


	Three months ended										Nine months ended
	September 30		June 30		March 31		December 31		September 30		September 30		September 30
In millions	2026		2026		2026		2025		2025		2026		2025
Net Income (b)
Retail Banking	$	1,425	$	1,747	$	1,349	$	1,266	$	1,351	$	4,521	$	3,885
Corporate & Institutional Banking	1,552		1,588		1,480		1,597		1,545		4,620		4,196
Asset Management Group	128		135		121		124		120		384		360
Other	(1,024)		(1,430)		(1,190)		(967)		(1,208)		(3,644)		(3,525)
Net income excluding noncontrolling interests	$	2,081	$	2,040	$	1,760	$	2,020	$	1,808	$	5,881	$	4,916

Revenue (b)
Retail Banking	$	4,088	$	4,518	$	4,007	$	3,792	$	3,840	$	12,613	$	11,211
Corporate & Institutional Banking	3,212		3,283		3,086		3,175		3,020		9,581		8,602
Asset Management Group	459		462		455		444		433		1,376		1,282
Other	(1,197)		(1,388)		(1,383)		(1,340)		(1,378)		(3,968)		(4,067)
Total revenue	$	6,562	$	6,875	$	6,165	$	6,071	$	5,915	$	19,602	$	17,028

(a)Our business information is presented based on our internal management reporting practices. 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.

(b)During the second quarter of 2026, PNC updated its internal funds transfer pricing methodology. The update resulted in impacts to net interest income and associated income statement line items for all business segments. Prior periods have been adjusted to conform with the current presentation.


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 13

Table 16: Retail Banking (Unaudited) (a)


	Three months ended																Nine months ended
	September 30			June 30				March 31			December 31			September 30			September 30			September 30
Dollars in millions	2026			2026				2026			2025			2025			2026			2025
Income Statement
Net interest income (b)	$	3,246		$	3,291			$	3,237		$	3,022		$	3,050		$	9,774		$	8,933
Noninterest income	842			1,227				770			770			790			2,839			2,278
Total revenue (b)	4,088			4,518				4,007			3,792			3,840			12,613			11,211
Provision for credit losses	115			120				124			155			126			359			377
Noninterest expense
Personnel	561			551				571			535			529			1,683			1,606
Segment allocations (c)	1,069			1,090				1,088			1,020			979			3,247			2,924
Depreciation and amortization	138			138				132			95			97			408			270
Other (d)	336			332				324			327			336			992			933
Total noninterest expense	2,104			2,111				2,115			1,977			1,941			6,330			5,733
Pre-tax earnings (b)	1,869			2,287				1,768			1,660			1,773			5,924			5,101
Income taxes (b)	435			532				412			387			413			1,379			1,188
Noncontrolling interests	9			8				7			7			9			24			28
Earnings (b)	$	1,425		$	1,747		752	$	1,349		$	1,266		$	1,351		$	4,521		$	3,885
Average Balance Sheet
Loans held for sale	$	1,169		$	616			$	562		$	699		$	785		$	785		$	839
Loans
Consumer
Residential real estate	$	37,503		$	38,348			$	38,939		$	33,336		$	34,043		$	38,259		$	34,624
Home equity	24,862			24,859				24,913			24,559			24,551			24,878			24,549
Automobile	15,609			16,058				16,499			16,403			16,035			16,052			15,674
Credit card	7,362			7,128				6,912			6,754			6,561			7,135			6,537
Other consumer	2,648			3,164				3,257			3,320			3,334			3,021			3,357
Total consumer	87,984			89,557				90,520			84,372			84,524			89,345			84,741
Commercial	19,899			20,989				20,423			12,603			12,353			20,435			12,638
Total loans	$	107,883		$	110,546			$	110,943		$	96,975		$	96,877		$	109,780		$	97,379
Total assets	$	127,602		$	130,460			$	130,616		$	113,714		$	114,146		$	129,546		$	114,447
Deposits
Noninterest-bearing	$	60,052		$	60,547			$	58,714		$	52,125		$	52,604		$	59,776		$	52,093
Interest-bearing	207,054			211,055				209,519			191,941			190,652			209,200			190,470
Total deposits	$	267,106		$	271,602			$	268,233		$	244,066		$	243,256		$	268,976		$	242,563
Performance Ratios (b)
Return on average assets	4.43		%	5.37		%		4.19		%	4.42		%	4.70		%	4.67		%	4.54		%
Noninterest income to total revenue	21		%	27		%		19		%	20		%	21		%	23		%	20		%
Efficiency	51		%	47		%		53		%	52		%	51		%	50		%	51		%

(continued on following page)


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 14

Retail Banking (Unaudited) (Continued)


	Three months ended															Nine months ended
	September 30			June 30			March 31			December 31			September 30			September 30			September 30
Dollars in millions, except as noted	2026			2026			2026			2025			2025			2026			2025
Supplemental Noninterest Income Information
Asset management and brokerage	$	179		$	172		$	161		$	155		$	154		$	512		$	456
Card and cash management	$	350		$	350		$	322		$	328		$	334		$	1,022		$	958
Lending and deposit services	$	211		$	204		$	200		$	199		$	199		$	615		$	573
Residential and commercial mortgage	$	71		$	83		$	63		$	78		$	89		$	217		$	215
Other income - Gains related to Visa share exchange	$	11		$	448		$	—		$	—		$	—		$	459		$	—
Residential Mortgage Information
Residential mortgage servicing statistics (e)
Serviced portfolio balance (in billions) (f)	$	207		$	209		$	212		$	198		$	199
MSR asset value (f)	$	2,908		$	2,762		$	2,786		$	2,638		$	2,622
Servicing income:
Servicing fees, net (g)	$	58		$	61		$	68		$	63		$	60		$	187		$	191
Mortgage servicing rights valuation, net of economic hedge	$	(4)		$	3		$	(27)		$	(5)		$	18		$	(28)		$	16
Residential mortgage loan statistics
Loan origination volume (in billions)	$	1.4		$	1.7		$	1.5		$	1.6		$	1.5		$	4.6		$	4.2
Loan sale margin percentage	2.04		%	2.01		%	2.25		%	1.88		%	1.67		%	2.10		%	1.10		%
Other Information


Credit-related statistics
Nonperforming assets (f)	$	978		$	944		$	932		$	840		$	827
Net charge-offs - loans and leases	$	154		$	123		$	118		$	116		$	126		$	395		$	390
Other statistics
Branches (f)(h)	2,302			2,304			2,315			2,224			2,219
Brokerage account client assets (in billions) (f)(i)	$	97		$	97		$	91		$	91		$	89

(a)See note (a) on page 12.

(b)See note (b) on page 12.

(c)Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations.

(d)Other is primarily comprised of other direct expenses including outside services and equipment expense.

(e)Represents mortgage loan servicing balances for third parties and the related income.

(f)Presented as of period end.

(g)Servicing fees net of impact of decrease in MSR value due to passage of time, which includes the impact from regularly scheduled loan principal payments, prepayments and loans paid off during the period.

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

(i)Includes cash and money market balances.


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 15

Table 17: Corporate & Institutional Banking (Unaudited) (a)


	Three months ended															Nine months ended
	September 30			June 30			March 31			December 31			September 30			September 30			September 30
Dollars in millions	2026			2026			2026			2025			2025			2026			2025
Income Statement
Net interest income (b)	$	2,045		$	1,992		$	1,942		$	1,965		$	1,888		$	5,979		$	5,470
Noninterest income	1,167			1,291			1,144			1,210			1,132			3,602			3,132
Total revenue (b)	3,212			3,283			3,086			3,175			3,020			9,581			8,602
Provision for credit losses	76			76			77			14			44			229			277
Noninterest expense
Personnel	455			502			460			472			403			1,417			1,149
Segment allocations (c)	436			418			424			422			387			1,278			1,151
Depreciation and amortization	47			50			46			55			46			143			146
Other (d)	168			161			146			158			140			475			436
Total noninterest expense	1,106			1,131			1,076			1,107			976			3,313			2,882
Pre-tax earnings (b)	2,030			2,076			1,933			2,054			2,000			6,039			5,443
Income taxes (b)	473			483			448			451			450			1,404			1,233
Noncontrolling interests	5			5			5			6			5			15			14
Earnings (b)	$	1,552		$	1,588		$	1,480		$	1,597		$	1,545		$	4,620		$	4,196
Average Balance Sheet
Loans held for sale	$	566		$	635		$	665		$	632		$	691		$	622		$	575
Loans
Commercial
Commercial and industrial	$	216,681		$	207,046		$	194,711		$	185,195		$	182,484		$	206,227		$	176,773
Commercial real estate	31,009			29,008			28,802			29,374			30,032			29,614			31,041
Total commercial	247,690			236,054			223,513			214,569			212,516			235,841			207,814
Consumer	4			3			3			2			2			3			3
Total loans	$	247,694		$	236,057		$	223,516		$	214,571		$	212,518		$	235,844		$	207,817
Total assets	$	276,846		$	263,912		$	249,789		$	241,169		$	238,338		$	263,615		$	233,307
Deposits
Noninterest-bearing	$	39,744		$	41,441		$	38,959		$	41,308		$	38,732		$	40,051		$	39,140
Interest-bearing	124,287			117,169			122,219			122,457			116,460			121,233			110,775
Total deposits	$	164,031		$	158,610		$	161,178		$	163,765		$	155,192		$	161,284		$	149,915
Performance Ratios (b)
Return on average assets	2.22		%	2.41		%	2.40		%	2.63		%	2.57		%	2.34		%	2.40		%
Noninterest income to total revenue	36		%	39		%	37		%	38		%	37		%	38		%	36		%
Efficiency	34		%	34		%	35		%	35		%	32		%	35		%	34		%

(continued on following page)


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 16

Corporate & Institutional Banking (Unaudited) (Continued)


	Three months ended										Nine months ended
	September 30		June 30		March 31		December 31		September 30		September 30		September 30
Dollars in millions	2026		2026		2026		2025		2025		2026		2025
Other Information
Consolidated revenue from:
Treasury Management (b) (e)	$	1,175	$	1,171	$	1,171	$	1,199	$	1,122	$	3,517	$	3,252
Commercial mortgage banking activities:
Commercial mortgage loans held for sale (b) (f)	$	23	$	23	$	14	$	34	$	23	$	60	$	73
Commercial mortgage loan servicing income (b) (g)	123		127		120		128		135		370		373
Commercial mortgage servicing rights valuation, net of economic hedge	38		33		28		37		47		99		122
Total	$	184	$	183	$	162	$	199	$	205	$	529	$	568
Commercial mortgage servicing statistics
Serviced portfolio balance (in billions) (h)(i)	$	294	$	294	$	296	$	294	$	293
MSR asset value (h)	$	1,141	$	1,039	$	1,029	$	1,021	$	1,006
Average loans by C&IB business (j)
Corporate Banking	$	146,425	$	139,370	$	128,837	$	121,379	$	118,445	$	138,275	$	114,151
Real Estate	44,466		41,002		41,074		40,836		41,863		42,193		42,555
Business Credit	37,011		36,012		33,944		32,552		32,412		35,667		31,342
Equipment Finance	10,723		10,717		10,595		10,551		10,476		10,678		10,390
Commercial Banking	6,000		5,944		5,976		5,904		6,063		5,973		6,173
Other	3,069		3,012		3,090		3,349		3,259		3,058		3,206
Total average loans	$	247,694	$	236,057	$	223,516	$	214,571	$	212,518	$	235,844	$	207,817
Credit-related statistics
Nonperforming assets (h)	$	1,216	$	1,066	$	1,309	$	1,375	$	1,323
Net charge-offs - loans and leases	$	106	$	105	$	92	$	49	$	53	$	303	$	200

(a)See note (a) on page 12.

(b)See note (b) on page 12.

(c)Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations.

(d)Other is primarily comprised of other direct expenses including outside services and equipment expense.

(e)Amounts are reported in net interest income and noninterest income.

(f)Represents commercial mortgage banking income for valuations on commercial mortgage loans held for sale and related commitments, derivative valuations, origination fees, gains on sale of loans held for sale and net interest income on loans held for sale.

(g)Represents net interest income and noninterest income from loan servicing, net of reduction in commercial mortgage servicing rights due to time and payoffs. Commercial mortgage servicing rights valuation, net of economic hedge is shown separately.

(h)Presented as of period end.

(i)Represents balances related to capitalized servicing.

(j)During the second quarter of 2026, certain equipment finance activity was centralized and established as a business unit within C&IB. As a result, certain loans were reclassified from Corporate Banking, Commercial Banking and Other to Equipment Finance. Prior periods have been adjusted to conform with the current presentation.


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 17

Table 18: Asset Management Group (Unaudited) (a)


	Three months ended															Nine months ended
	September 30			June 30			March 31			December 31			September 30			September 30			September 30
Dollars in millions, except as noted	2026			2026			2026			2025			2025			2026			2025
Income Statement
Net interest income (b)	$	188		$	191		$	193		$	184		$	179		$	572		$	541
Noninterest income	271			271			262			260			254			804			741
Total revenue (b)	459			462			455			444			433			1,376			1,282
Provision for (recapture of) credit losses	(4)			(3)			5			(11)			4			(2)			(8)
Noninterest expense
Personnel	122			120			125			120			115			367			351
Segment allocations (c)	135			128			127			133			120			390			355
Depreciation and amortization	11			11			10			11			9			32			27
Other (d)	28			30			30			29			29			88			87
Total noninterest expense	296			289			292			293			273			877			820
Pre-tax earnings (b)	167			176			158			162			156			501			470
Income taxes (b)	39			41			37			38			36			117			110
Earnings (b)	$	128		$	135		$	121		$	124		$	120		$	384		$	360
Average Balance Sheet
Loans
Consumer
Residential real estate	$	9,938		$	9,866		$	9,826		$	9,876		$	9,937		$	9,877		$	9,919
Other consumer	4,070			3,964			3,735			3,673			3,574			3,924			3,530
Total consumer	14,008			13,830			13,561			13,549			13,511			13,801			13,449
Commercial	773			814			835			566			659			807			682
Total loans	$	14,781		$	14,644		$	14,396		$	14,115		$	14,170		$	14,608		$	14,131
Total assets	$	15,185		$	15,048		$	14,804		$	14,505		$	14,575		$	15,014		$	14,562
Deposits
Noninterest-bearing	$	1,523		$	1,459		$	1,411		$	1,387		$	1,426		$	1,465		$	1,517
Interest-bearing	25,375			25,575			26,310			25,564			25,437			25,750			25,621
Total deposits	$	26,898		$	27,034		$	27,721		$	26,951		$	26,863		$	27,215		$	27,138
Performance Ratios (b)
Return on average assets	3.34		%	3.60		%	3.31		%	3.39		%	3.27		%	3.42		%	3.31		%
Noninterest income to total revenue	59		%	59		%	58		%	59		%	59		%	58		%	58		%
Efficiency	64		%	63		%	64		%	66		%	63		%	64		%	64		%
Other Information
Nonperforming assets (e)	$	43		$	45		$	45		$	52		$	58
Net charge-offs (recoveries) - loans and leases	$	(1)		$	1		$	—		$	—		$	2		$	—		$	1
Client Assets Under Administration (in billions) (e)(f)
Discretionary client assets under management
PNC Private Bank	$	146		$	146		$	136		$	138		$	137
Institutional Asset Management	104			101			94			96			91
Total discretionary clients assets under management	250			247			230			234			228
Nondiscretionary client assets under administration	249			256			233			238			212
Total	$	499		$	503		$	463		$	472		$	440

(a)See note (a) on page 12.

(b)See note (b) on page 12.

(c)Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations.

(d)Other is primarily comprised of other direct expenses including outside services and equipment expense.

(e)Presented as of period end.

(f)Excludes brokerage account client assets.


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 18

Glossary of Terms

Allowance for credit losses (ACL) – A valuation account that is deducted from or added to the amortized cost basis of the related

financial assets to present the net carrying value at the amount expected to be collected on the financial asset.

Amortized cost basis – Amount at which a financial asset is originated or acquired, adjusted for applicable accretion or amortization of premiums, discounts and net deferred fees or costs, collection of cash, charge-offs, foreign exchange and fair value hedge accounting adjustments.

Basel III common equity tier 1 (CET1) capital (Tailoring Rules) – Common stock plus related surplus, net of treasury stock, plus retained earnings, less goodwill, net of associated deferred tax liabilities, less other disallowed intangibles, net of deferred tax liabilities and plus/less other adjustments. Investments in unconsolidated financial institutions, as well as mortgage servicing rights and deferred tax assets, must then be deducted to the extent such items (net of associated deferred tax liabilities) individually exceed 25% of our adjusted Basel III common equity tier 1 capital.

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

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.

Common shareholders’ equity – Total shareholders' equity less the liquidation value of preferred stock.

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

Criticized commercial loans – Loans with potential or identified weaknesses based upon internal risk ratings that comply with the regulatory classification definitions of “special mention,” “substandard” or “doubtful.”

Current Expected Credit Loss (CECL) – Methodology for estimating the allowance for credit losses on in-scope financial assets held at amortized cost and unfunded lending related commitments which uses a combination of expected losses over a reasonable and supportable forecast period, a reversion period and long run average credit losses for their estimated contractual term.

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.

Earning assets – Assets that generate income, which include: interest-earning deposits with banks; loans held for sale; loans; investment securities; and certain other assets.

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 – Refers to the following categories within Noninterest income: Asset management and brokerage, Capital markets and advisory, Card and cash management, Lending and deposit services, and Residential and commercial mortgage.

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

Leverage ratio – Basel III tier 1 capital divided by average quarterly adjusted total assets.

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.


THE PNC FINANCIAL SERVICES GROUP, INC.						Page 19

Nonperforming assets – Nonperforming assets include nonperforming loans, OREO, foreclosed and other assets. We do not accrue interest income on assets classified as nonperforming.

Nonperforming loans – Loans accounted for at amortized cost whose credit quality has deteriorated to the extent that full collection of contractual principal and interest is not probable. Interest income is not recognized on nonperforming loans. Nonperforming loans exclude certain government insured or guaranteed loans for which we expect to collect substantially all principal and interest, loans held for sale and loans accounted for under the fair value option.

Operating leverage – The period to period dollar or percentage change in total revenue 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).

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. Certain assets that have a government-guarantee which are classified as other receivables are excluded.

Purchased credit deteriorated assets (PCD) – Acquired loans or debt securities that, at acquisition, are determined to have experienced a more-than-insignificant deterioration in credit quality since origination or issuance.

Purchased seasoned loans (PSL) – Acquired loans that, at acquisition, have not experienced a more-than-insignificant credit deterioration since origination and are deemed "seasoned". A loan is seasoned if it was purchased more than 90 days after origination and PNC was not involved in the origination of the loan. All loans that are acquired without credit deterioration through a business combination are deemed "seasoned".

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.

Servicing rights – Intangible assets or liabilities 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.

Supplementary leverage ratio – Basel III tier 1 capital divided by Supplementary leverage exposure.

Tailoring Rules – Rules adopted by the federal banking agencies to better tailor the application of their capital, liquidity, and enhanced prudential requirements for banking organizations to the asset size and risk profile (as measured by certain regulatory metrics) of the banking organization. Effective January 1, 2020, the agencies' capital and liquidity rules classify all BHCs with $100 billion or more in total assets into one of four categories (Category I, Category II, Category III, and Category IV).

Taxable-equivalent interest income – The interest income earned on certain assets that is completely or partially exempt from federal income tax. These tax-exempt instruments typically yield lower returns than taxable investments.

Unfunded lending related commitments – Standby letters of credit, financial guarantees, commitments to extend credit and similar unfunded obligations that are not unilaterally, unconditionally, cancelable at PNC’s option.

Form: 8-K

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