Exhibit 99.2

THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT

THIRD QUARTER 2024

(Unaudited)

THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT

THIRD QUARTER 2024

(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			9-11
Business Segment Results:
Descriptions			12
Period End Employees			12
Net Income and Revenue			13
Retail Banking			14-15
Corporate & Institutional Banking			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, 2024. 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, including residential mortgage, 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.

THE PNC FINANCIAL SERVICES GROUP, INC.
Cross Reference Index to Third Quarter 2024 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			10
13			Accruing Loans Past Due 90 Days or More			11
14			Period End Employees			12
15			Summary of Business Segment Net Income and Revenue			13
16			Retail Banking			14-15
17			Corporate & Institutional Banking			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			2024						2024						2024						2023						2023									2024						2023
Interest Income
Loans			$	4,954					$	4,842					$	4,819					$	4,875					$	4,643								$	14,615					$	13,424
Investment securities			1,097						1,001						883						885						892									2,981						2,660
Other			771						725						798						742						668									2,294						1,722
Total interest income			6,822						6,568						6,500						6,502						6,203									19,890						17,806
Interest Expense
Deposits			2,230						2,084						2,077						1,995						1,792									6,391						4,614
Borrowed funds			1,182						1,182						1,159						1,104						993									3,523						2,679
Total interest expense			3,412						3,266						3,236						3,099						2,785									9,914						7,293
Net interest income			3,410						3,302						3,264						3,403						3,418									9,976						10,513
Noninterest Income
Asset management and brokerage			383						364						364						360						348									1,111						1,052
Capital markets and advisory			371						272						259						309						168									902						643
Card and cash management			698						706						671						688						689									2,075						2,045
Lending and deposit services			320						304						305						314						315									929						919
Residential and commercial mortgage			181						131						147						149						201									459						476
Other income
Gain on Visa shares exchange program									754																											754
Securities gains (losses)			1						(499)																											(498)						(2)
Other (a)			68						77						135						138						94									280						483
Total other income			69						332						135						138						94									536						481
Total noninterest income			2,022						2,109						1,881						1,958						1,815									6,012						5,616
Total revenue			5,432						5,411						5,145						5,361						5,233									15,988						16,129
Provision For Credit Losses			243						235						155						232						129									633						510
Noninterest Expense
Personnel			1,869						1,782						1,794						1,983						1,773									5,445						5,445
Occupancy			234						236						244						243						244									714						739
Equipment			357						356						341						365						347									1,054						1,046
Marketing			93						93						64						74						93									250						276
Other			774						890						891						1,409						788									2,555						2,432
Total noninterest expense			3,327						3,357						3,334						4,074						3,245									10,018						9,938
Income before income taxes and noncontrolling interests			1,862						1,819						1,656						1,055						1,859									5,337						5,681
Income taxes			357						342						312						172						289									1,011						917
Net income			1,505						1,477						1,344						883						1,570									4,326						4,764
Less: Net income attributable to noncontrolling interests			15						18						14						19						16									47						50
Preferred stock dividends (b)			82						95						81						118						104									258						299
Preferred stock discount accretion and     redemptions			2						2						2						2						2									6						6
Net income attributable to common shareholders			$	1,406					$	1,362					$	1,247					$	744					$	1,448								$	4,015					$	4,409
Earnings Per Common Share
Basic			$	3.50					$	3.39					$	3.10					$	1.85					$	3.60								$	9.99					$	10.95
Diluted			$	3.49					$	3.39					$	3.10					$	1.85					$	3.60								$	9.98					$	10.94
Average Common Shares Outstanding
Basic			399						400						400						400						400									400						401
Diluted			400						400						400						401						400									400						401
Efficiency			61		%				62		%				65		%				76		%				62		%							63		%				62		%
Noninterest income to total revenue			37		%				39		%				37		%				37		%				35		%							38		%				35		%
Effective tax rate (c)			19.2		%				18.8		%				18.8		%				16.3		%				15.5		%							18.9		%				16.1		%

(a)Includes Visa Class B derivative fair value adjustments of $(128) million, $(116) million, $(7) million, $(100) million and $(51) million for the quarters ended September 30, 2024, June 30, 2024, March 31, 2024, December 31, 2023 and September 30, 2023 respectively, and $(251) million and $(179) million for the nine months ended September 30, 2024 and September 30, 2023, 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			2024						2024						2024						2023						2023
Assets
Cash and due from banks			$	6,162					$	6,242					$	5,933					$	6,921					$	5,300
Interest-earning deposits with banks (a)			35,024						33,039						53,612						43,804						41,484
Loans held for sale (b)			750						988						743						734						923
Investment securities – available for sale			60,338						51,188						42,280						41,785						40,590
Investment securities – held to maturity			83,845						87,457						88,180						90,784						91,797
Loans (b)			321,381						321,429						319,781						321,508						318,416
Allowance for loan and lease losses			(4,589)						(4,636)						(4,693)						(4,791)						(4,767)
Net loans			316,792						316,793						315,088						316,717						313,649
Equity investments			9,217						9,037						8,280						8,314						8,046
Mortgage servicing rights			3,503						3,739						3,762						3,686						4,006
Goodwill			10,932						10,932						10,932						10,932						10,987
Other (b)			38,318						37,104						37,352						37,903						40,552
Total assets			$	564,881					$	556,519					$	566,162					$	561,580					$	557,334
Liabilities
Deposits
Noninterest-bearing			$	94,588					$	94,542					$	98,061					$	101,285					$	105,672
Interest-bearing			329,378						321,849						327,563						320,133						317,937
Total deposits			423,966						416,391						425,624						421,418						423,609
Borrowed funds
Federal Home Loan Bank borrowings			28,000						35,000						37,000						38,000						36,000
Senior debt			32,492						29,601						27,907						26,836						22,407
Subordinated debt			4,196						4,078						4,827						4,875						4,728
Other (b)			3,381						2,712						2,973						3,026						3,032
Total borrowed funds			68,069						71,391						72,707						72,737						66,167
Allowance for unfunded lending related commitments			725						717						672						663						640
Accrued expenses and other liabilities (b)			16,392						15,339						15,785						15,621						17,437
Total liabilities			509,152						503,838						514,788						510,439						507,853
Equity
Preferred stock (c)
Common stock - $5 par value
Authorized 800,000,000 shares, issued 543,225,979, 543,225,979, 543,116,260, 543,116,271 and 543,012,047 shares			2,716						2,716						2,716						2,716						2,715
Capital surplus			19,150						19,098						19,032						19,020						19,971
Retained earnings			58,412						57,652						56,913						56,290						56,170
Accumulated other comprehensive income (loss)			(5,090)						(7,446)						(8,042)						(7,712)						(10,261)
Common stock held in treasury at cost: 146,306,706, 145,667,981, 145,068,954, 145,087,054 and 144,671,252 shares			(19,499)						(19,378)						(19,279)						(19,209)						(19,141)
Total shareholders’ equity			55,689						52,642						51,340						51,105						49,454
Noncontrolling interests			40						39						34						36						27
Total equity			55,729						52,681						51,374						51,141						49,481
Total liabilities and equity			$	564,881					$	556,519					$	566,162					$	561,580					$	557,334

(a)Amounts include balances held with the Federal Reserve Bank of $34.6 billion, $32.6 billion, $53.2 billion, $43.3 billion and $41.1 billion as of September 30, 2024, June 30, 2024, March 31, 2024, December 31, 2023 and September 30, 2023, respectively.

(b)Amounts include assets and liabilities for which PNC has elected the fair value option. Our second quarter 2024 Form 10-Q included, and our third quarter 2024 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			2024						2024						2024						2023						2023									2024						2023
Assets
Interest-earning assets:
Investment securities
Securities available for sale
Residential mortgage-backed
Agency			$	30,962					$	30,229					$	30,411					$	30,980					$	31,020								$	30,535					$	31,347
Non-agency			529						551						578						599						627									553						659
Commercial mortgage-backed			2,635						2,698						2,622						2,727						2,880									2,652						2,976
Asset-backed			2,177						1,987						1,414						1,080						989									1,861						597
U.S. Treasury and government agencies			17,311						15,350						8,199						7,788						7,996									13,634						8,434
Other			2,575						2,620						2,776						2,899						2,931									2,655						3,062
Total securities available for sale			56,189						53,435						46,000						46,073						46,443									51,890						47,075
Securities held to maturity
Residential mortgage-backed			41,698						42,234						42,633						43,336						44,112									42,187						44,914
Commercial mortgage-backed			2,057						2,174						2,252						2,318						2,346									2,161						2,398
Asset-backed			4,422						5,035						5,627						6,040						6,463									5,026						6,732
U.S. Treasury and government agencies			35,093						35,467						35,860						36,457						37,043									35,472						36,902
Other			2,855						2,961						3,062						3,164						3,256									2,958						3,329
Total securities held to maturity			86,125						87,871						89,434						91,315						93,220									87,804						94,275
Total investment securities			142,314						141,306						135,434						137,388						139,663									139,694						141,350
Loans
Commercial and industrial			177,019						177,130						177,258						180,566						175,206									177,136						179,342
Commercial real estate			35,451						35,523						35,522						35,617						36,032									35,498						36,026
Equipment lease financing			6,528						6,490						6,468						6,430						6,441									6,495						6,419
Consumer			53,543						53,503						53,933						54,512						54,744									53,659						54,944
Residential real estate			47,061						47,272						47,428						47,444						47,081									47,253						46,435
Total loans			319,602						319,918						320,609						324,569						319,504									320,041						323,166
Interest-earning deposits with banks (c)			45,319						41,113						48,250						42,627						38,352									44,896						34,629
Other interest-earning assets			8,909						9,279						8,002						8,738						8,777									8,731						8,933
Total interest-earning assets			516,144						511,616						512,295						513,322						506,296									513,362						508,078
Noninterest-earning assets			53,369						51,414						50,553						48,997						48,667									51,784						49,496
Total assets			$	569,513					$	563,030					$	562,848					$	562,319					$	554,963								$	565,146					$	557,574
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing deposits
Money market			$	72,578					$	67,631					$	67,838					$	66,393					$	64,310								$	69,361					$	64,579
Demand			119,848						121,423						122,748						124,124						123,730									121,305						124,070
Savings			95,939						97,232						97,719						98,490						100,643									96,960						102,475
Time deposits			37,946						34,663						32,975						30,357						25,872									35,233						22,931
Total interest-bearing deposits			326,311						320,949						321,280						319,364						314,555									322,859						314,055
Borrowed funds
Federal Home Loan Bank borrowings			31,785						35,962						37,717						37,783						34,109									35,142						33,313
Senior debt			32,204						29,717						28,475						26,634						23,479									30,139						21,370
Subordinated debt			4,330						4,567						5,082						5,091						5,293									4,658						5,745
Other			7,764						7,210						4,316						3,384						4,584									6,435						4,964
Total borrowed funds			76,083						77,456						75,590						72,892						67,465									76,374						65,392
Total interest-bearing liabilities			402,394						398,405						396,870						392,256						382,020									399,233						379,447
Noninterest-bearing liabilities and equity:
Noninterest-bearing deposits			95,811						96,284						98,875						104,567						107,981									96,986						114,063
Accrued expenses and other liabilities			17,395						17,144						16,404						16,328						15,629									16,983						15,567
Equity			53,913						51,197						50,699						49,168						49,333									51,944						48,497
Total liabilities and equity			$	569,513					$	563,030					$	562,848					$	562,319					$	554,963								$	565,146					$	557,574

(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. Basis 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). Average balances for certain loans and borrowed funds accounted for at fair value are included in noninterest-earning assets and noninterest-bearing liabilities, with changes in fair value recorded in Noninterest income.

(c)Amounts include average balances held with the Federal Reserve Bank of $44.9 billion, $40.7 billion, $47.8 billion, $42.2 billion and $37.9 billion for the three months ended September 30, 2024, June 30, 2024, March 31, 2024, December 31, 2023 and September 30, 2023 and $44.5 billion and $34.0 billion for the nine months ended September 30, 2024 and September 30, 2023, 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
			2024						2024						2024						2023						2023									2024						2023
Average yields/rates (a)
Yield on interest-earning assets
Investment securities
Securities available for sale
Residential mortgage-backed
Agency			3.32		%				2.98		%				2.88		%				2.83		%				2.73		%							3.06		%				2.69		%
Non-agency			10.64		%				10.30		%				9.65		%				9.15		%				10.42		%							10.18		%				9.42		%
Commercial mortgage-backed			3.08		%				3.07		%				2.99		%				3.00		%				3.41		%							3.05		%				2.95		%
Asset-backed			5.85		%				5.92		%				6.02		%				6.41		%				6.30		%							5.92		%				6.44		%
U.S. Treasury and government agencies			5.40		%				4.28		%				2.67		%				2.22		%				2.28		%							4.44		%				2.17		%
Other			2.70		%				2.66		%				2.63		%				2.61		%				2.58		%							2.66		%				2.53		%
Total securities available for sale			4.09		%				3.53		%				3.01		%				2.89		%				2.87		%							3.58		%				2.75		%
Securities held to maturity
Residential mortgage-backed			2.82		%				2.79		%				2.77		%				2.75		%				2.72		%							2.79		%				2.73		%
Commercial mortgage-backed			5.33		%				5.38		%				5.46		%				5.53		%				5.55		%							5.39		%				5.28		%
Asset-backed			4.62		%				4.65		%				4.49		%				4.57		%				4.36		%							4.58		%				4.14		%
U.S. Treasury and government agencies			1.33		%				1.31		%				1.31		%				1.32		%				1.34		%							1.32		%				1.34		%
Other			4.72		%				4.69		%				4.52		%				4.72		%				4.57		%							4.64		%				4.61		%
Total securities held to maturity			2.43		%				2.43		%				2.42		%				2.44		%				2.42		%							2.43		%				2.41		%
Total investment securities			3.08		%				2.84		%				2.62		%				2.59		%				2.57		%							2.85		%				2.52		%
Loans
Commercial and industrial			6.28		%				6.22		%				6.18		%				6.13		%				5.86		%							6.23		%				5.64		%
Commercial real estate			6.68		%				6.66		%				6.67		%				6.68		%				6.59		%							6.67		%				6.33		%
Equipment lease financing			5.65		%				5.37		%				5.17		%				4.98		%				4.72		%							5.40		%				4.51		%
Consumer			7.47		%				7.24		%				7.16		%				7.00		%				6.89		%							7.29		%				6.60		%
Residential real estate			3.73		%				3.70		%				3.65		%				3.60		%				3.52		%							3.69		%				3.43		%
Total loans			6.13		%				6.05		%				6.01		%				5.94		%				5.75		%							6.06		%				5.54		%
Interest-earning deposits with banks			5.48		%				5.47		%				5.47		%				5.53		%				5.44		%							5.47		%				5.05		%
Other interest-earning assets			6.78		%				6.98		%				6.92		%				6.96		%				6.66		%							6.89		%				6.12		%
Total yield on interest-earning assets			5.25		%				5.13		%				5.08		%				5.03		%				4.87		%							5.15		%				4.68		%
Rate on interest-bearing liabilities
Interest-bearing deposits
Money market			3.59		%				3.39		%				3.45		%				3.32		%				3.10		%							3.48		%				2.76		%
Demand			2.31		%				2.25		%				2.26		%				2.26		%				2.15		%							2.27		%				1.87		%
Savings			1.86		%				1.85		%				1.81		%				1.68		%				1.49		%							1.84		%				1.26		%
Time deposits			4.46		%				4.48		%				4.44		%				4.11		%				3.67		%							4.46		%				3.34		%
Total interest-bearing deposits			2.72		%				2.61		%				2.60		%				2.48		%				2.26		%							2.64		%				1.96		%
Borrowed funds
Federal Home Loan Bank borrowings			5.63		%				5.66		%				5.65		%				5.66		%				5.55		%							5.65		%				5.22		%
Senior debt			6.64		%				6.55		%				6.59		%				6.25		%				6.17		%							6.59		%				5.85		%
Subordinated debt			6.77		%				6.65		%				6.64		%				6.63		%				6.52		%							6.68		%				6.12		%
Other			5.28		%				5.51		%				5.59		%				5.55		%				4.49		%							5.44		%				3.98		%
Total borrowed funds			6.09		%				6.04		%				6.07		%				5.94		%				5.77		%							6.07		%				5.41		%
Total rate on interest-bearing liabilities			3.34		%				3.26		%				3.24		%				3.10		%				2.86		%							3.28		%				2.54		%
Interest rate spread			1.91		%				1.87		%				1.84		%				1.93		%				2.01		%							1.87		%				2.14		%
Benefit from use of noninterest-bearing sources (b)			0.73		%				0.73		%				0.73		%				0.73		%				0.70		%							0.73		%				0.64		%
Net interest margin			2.64		%				2.60		%				2.57		%				2.66		%				2.71		%							2.60		%				2.78		%

(a)Yields and rates are calculated using the applicable annualized interest income or interest expense divided by the applicable average earning assets or interest-bearing liabilities. 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. 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, 2024, June 30, 2024, March 31, 2024, December 31, 2023 and September 30, 2023 were $33 million, $34 million, $34 million, $36 million and $36 million, respectively. The taxable-equivalent adjustments to net interest income for the nine months ended September 30, 2024 and September 30, 2023 were $101 million and $111 million, respectively.

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

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						2024						2024						2024						2023						2023
Commercial
Commercial and industrial
Retail/wholesale trade						$	30,226					$	30,128					$	28,923					$	28,198					$	28,284
Financial services						29,244						27,986						27,640						28,422						22,770
Manufacturing						28,748						29,544						29,402						28,989						29,163
Service providers						22,033						21,948						21,413						21,354						21,680
Real estate related (a)						14,856						15,198						15,583						16,235						16,182
Health care						10,169						9,527						10,193						9,808						10,092
Technology, media and telecommunications						9,292						9,621						10,158						10,249						10,989
Transportation and warehousing						7,723						8,036						7,523						7,733						7,891
Other industries						26,600						26,801						25,957						26,592						27,112
Total commercial and industrial						178,891						178,789						176,792						177,580						174,163
Commercial real estate						35,104						35,498						35,591						35,436						35,776
Equipment lease financing						6,726						6,555						6,462						6,542						6,493
Total commercial						220,721						220,842						218,845						219,558						216,432
Consumer
Residential real estate						46,972						47,183						47,386						47,544						47,359
Home equity						25,970						25,917						25,896						26,150						26,159
Automobile						15,135						14,820						14,788						14,860						14,940
Credit card						6,827						6,849						6,887						7,180						7,060
Education						1,693						1,732						1,859						1,945						2,020
Other consumer						4,063						4,086						4,120						4,271						4,446
Total consumer						100,660						100,587						100,936						101,950						101,984
Total loans						$	321,381					$	321,429					$	319,781					$	321,508					$	318,416

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

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						2024						2024						2024						2023						2023									2024						2023
Allowance for loan and lease losses
Beginning balance						$	4,636					$	4,693					$	4,791					$	4,767					$	4,737								$	4,791					$	4,741
Adoption of ASU 2022-02 (a)																																													(35)
Beginning balance, adjusted						4,636						4,693						4,791						4,767						4,737									4,791						4,706
Gross charge-offs:
Commercial and industrial						(89)						(77)						(84)						(52)						(43)									(250)						(192)
Commercial real estate						(102)						(113)						(56)						(56)						(25)									(271)						(124)
Equipment lease financing						(9)						(8)						(8)						(7)						(4)									(25)						(11)
Residential real estate												(1)						(1)						(2)						(1)									(2)						(6)
Home equity						(8)						(9)						(10)						(6)						(4)									(27)						(15)
Automobile						(34)						(32)						(32)						(30)						(30)									(98)						(91)
Credit card						(86)						(90)						(92)						(87)						(78)									(268)						(232)
Education						(4)						(5)						(4)						(4)						(4)									(13)						(13)
Other consumer						(44)						(40)						(43)						(40)						(44)									(127)						(124)
Total gross charge-offs						(376)						(375)						(330)						(284)						(233)									(1,081)						(808)
Recoveries:
Commercial and industrial						22						39						19						24						45									80						98
Commercial real estate						2						7						2						2						2									11						4
Equipment lease financing						4						6						2						1						2									12						8
Residential real estate						2						3						3						3						3									8						10
Home equity						10						12						9						10						12									31						36
Automobile						25						24						25						23						26									74						77
Credit card						15						12						15						11						10									42						32
Education						2						1						2						2						1									5						5
Other consumer						8						9						10						8						11									27						28
Total recoveries						90						113						87						84						112									290						298
Net (charge-offs) / recoveries:
Commercial and industrial						(67)						(38)						(65)						(28)						2									(170)						(94)
Commercial real estate						(100)						(106)						(54)						(54)						(23)									(260)						(120)
Equipment lease financing						(5)						(2)						(6)						(6)						(2)									(13)						(3)
Residential real estate						2						2						2						1						2									6						4
Home equity						2						3						(1)						4						8									4						21
Automobile						(9)						(8)						(7)						(7)						(4)									(24)						(14)
Credit card						(71)						(78)						(77)						(76)						(68)									(226)						(200)
Education						(2)						(4)						(2)						(2)						(3)									(8)						(8)
Other consumer						(36)						(31)						(33)						(32)						(33)									(100)						(96)
Total net (charge-offs)						(286)						(262)						(243)						(200)						(121)									(791)						(510)
Provision for credit losses (b)						235						204						147						221						153									586						571
Other						4						1						(2)						3						(2)									3
Ending balance						$	4,589					$	4,636					$	4,693					$	4,791					$	4,767								$	4,589					$	4,767
Supplemental Information
Net charge-offs
Commercial net charge-offs						$	(172)					$	(146)					$	(125)					$	(88)					$	(23)								$	(443)					$	(217)
Consumer net charge-offs						(114)						(116)						(118)						(112)						(98)									(348)						(293)
Total net charge-offs						$	(286)					$	(262)					$	(243)					$	(200)					$	(121)								$	(791)					$	(510)
Net charge-offs to average loans (annualized)						0.36		%				0.33		%				0.30		%				0.24		%				0.15		%							0.33		%				0.21		%
Commercial						0.31		%				0.27		%				0.23		%				0.16		%				0.04		%							0.27		%				0.13		%
Consumer						0.45		%				0.46		%				0.47		%				0.44		%				0.38		%							0.46		%				0.39		%

(a)Represents the impact of adopting ASU 2022-02 Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures on January 1, 2023. Refer to our 2023 Form 10-K for additional information related to our adoption of this ASU.

(b)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						2024						2024						2024						2023						2023									2024						2023
Provision for credit losses
Loans and leases						$	235					$	204					$	147					$	221					$	153								$	586					$	571
Unfunded lending related commitments						7						45						9						23						(23)									61						(54)
Investment securities												(11)						1						(7)						(10)									(10)						(11)
Other financial assets						1						(3)						(2)						(5)						9									(4)						4
Total provision for credit losses						$	243					$	235					$	155					$	232					$	129								$	633					$	510

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

			September 30, 2024															June 30, 2024															September 30, 2023
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			$	1,715					$	178,891		0.96		%				$	1,728					$	178,789		0.97		%				$	1,843					$	174,163		1.06		%
Commercial real estate			1,441						35,104			4.10		%				1,441						35,498			4.06		%				1,270						35,776			3.55		%
Equipment lease financing			70						6,726			1.04		%				74						6,555			1.13		%				109						6,493			1.68		%
Total commercial			3,226						220,721			1.46		%				3,243						220,842			1.47		%				3,222						216,432			1.49		%
Consumer
Residential real estate			38						46,972			0.08		%				48						47,183			0.10		%				62						47,359			0.13		%
Home equity			270						25,970			1.04		%				260						25,917			1.00		%				288						26,159			1.10		%
Automobile			164						15,135			1.08		%				163						14,820			1.10		%				169						14,940			1.13		%
Credit card			672						6,827			9.84		%				698						6,849			10.19		%				762						7,060			10.79		%
Education			49						1,693			2.89		%				52						1,732			3.00		%				56						2,020			2.77		%
Other consumer			170						4,063			4.18		%				172						4,086			4.21		%				208						4,446			4.68		%
Total consumer			1,363						100,660			1.35		%				1,393						100,587			1.38		%				1,545						101,984			1.51		%
Total			4,589						$	321,381		1.43		%				4,636						$	321,429		1.44		%				4,767						$	318,416		1.50		%
Allowance for unfunded lending related commitments			725															717															640
Allowance for credit losses			$	5,314														$	5,353														$	5,407
Supplemental Information
Allowance for credit losses to total loans												1.65		%													1.67		%													1.70		%
Commercial												1.72		%													1.73		%													1.73		%
Consumer												1.50		%													1.52		%													1.62		%

(a)    Excludes allowances for investment securities and other financial assets, which together totaled $111 million, $112 million and $131 million at September 30, 2024, June 30, 2024 and September 30, 2023, 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						2024						2024						2024						2023						2023
Nonperforming loans
Commercial
Commercial and industrial
Service providers						$	152					$	152					$	158					$	157					$	162
Retail/wholesale trade						149						70						30						30						41
Health care						75						37						40						36						37
Technology, media & telecommunications						74						108						177						156						51
Transportation and warehousing						46						41						40						35						44
Manufacturing						35						79						60						32						34
Real estate related (a)						29						47						23						30						31
Other industries						162						168						50						83						58
Total commercial and industrial						722						702						578						559						458
Commercial real estate						993						928						923						735						723
Equipment lease financing						14						16						13						13						30
Total commercial						1,729						1,646						1,514						1,307						1,211
Consumer (b)
Residential real estate						265						275						284						294						330
Home equity						473						468						464						458						446
Automobile						90						93						97						104						114
Credit card						15						13						13						10						11
Other consumer						6						8						8						7						11
Total consumer						849						857						866						873						912
Total nonperforming loans (c)						2,578						2,503						2,380						2,180						2,123
OREO and foreclosed assets						31						34						35						36						35
Total nonperforming assets						$	2,609					$	2,537					$	2,415					$	2,216					$	2,158
Nonperforming loans to total loans						0.80		%				0.78		%				0.74		%				0.68		%				0.67		%
Nonperforming assets to total loans, OREO and foreclosed assets						0.81		%				0.79		%				0.76		%				0.69		%				0.68		%
Nonperforming assets to total assets						0.46		%				0.46		%				0.43		%				0.39		%				0.39		%
Allowance for loan and lease losses to nonperforming loans						178		%				185		%				197		%				220		%				225		%

(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.

Table 10: Change in Nonperforming Assets

						Three months ended
						September 30						June 30						March 31						December 31						September 30
Dollars in millions						2024						2024						2024						2023						2023
Beginning balance						$	2,537					$	2,415					$	2,216					$	2,158					$	1,949
New nonperforming assets						661						571						616						496						641
Charge-offs and valuation adjustments						(200)						(178)						(133)						(104)						(91)
Principal activity, including paydowns and payoffs						(322)						(201)						(188)						(250)						(112)
Asset sales and transfers to loans held for sale						(6)						(16)						(16)						(6)						(7)
Returned to performing status (a)						(61)						(54)						(80)						(78)						(222)
Ending balance						$	2,609					$	2,537					$	2,415					$	2,216					$	2,158

(a)Amounts for the three months ended September 30, 2023 included updates to our return to accrual guidelines to bring consistency across consumer loan classes as to how and when loans become eligible to return to performing status.

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						2024						2024						2024						2023						2023
Commercial
Commercial and industrial						$	106					$	95					$	125					$	104					$	84
Commercial real estate						9						8						2						7						2
Equipment lease financing						22						19						22						41						25
Total commercial						137						122						149						152						111
Consumer
Residential real estate
Non government insured						162						201						179						201						179
Government insured						76						77						78						81						78
Home equity						65						64						64						63						59
Automobile						81						92						81						91						83
Credit card						55						50						49						54						50
Education
Non government insured						6						5						5						5						6
Government insured						20						22						20						22						26
Other consumer						12						12						11						16						15
Total consumer						477						523						487						533						496
Total						$	614					$	645					$	636					$	685					$	607
Supplemental Information
Total accruing loans past due 30-59 days to total loans						0.19		%				0.20		%				0.20		%				0.21		%				0.19		%
Commercial						0.06		%				0.06		%				0.07		%				0.07		%				0.05		%
Consumer						0.47		%				0.52		%				0.48		%				0.52		%				0.49		%

(a)Excludes loans held for sale.

THE PNC FINANCIAL SERVICES GROUP, INC. Page 10

Accruing Loans Past Due (Unaudited) (Continued)

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

						September 30						June 30						March 31						December 31						September 30
Dollars in millions						2024						2024						2024						2023						2023
Commercial
Commercial and industrial						$	40					$	53					$	35					$	45					$	32
Commercial real estate												2																		2
Equipment lease financing						12						6						4						8						6
Total commercial						52						61						39						53						40
Consumer
Residential real estate
Non government insured						40						48						50						50						52
Government insured						45						43						42						51						51
Home equity						27						24						24						27						22
Automobile						21						22						19						20						19
Credit card						39						37						37						39						38
Education
Non government insured						3						2						4						3						3
Government insured						13						13						13						16						19
Other consumer						12						9						7						11						9
Total consumer						200						198						196						217						213
Total						$	252					$	259					$	235					$	270					$	253
Supplemental Information
Total accruing loans past due 60-89 days to total loans						0.08		%				0.08		%				0.07		%				0.08		%				0.08		%
Commercial						0.02		%				0.03		%				0.02		%				0.02		%				0.02		%
Consumer						0.20		%				0.20		%				0.19		%				0.21		%				0.21		%

(a)Excludes loans held for sale.

THE PNC FINANCIAL SERVICES GROUP, INC. Page 11

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						2024						2024						2024						2023						2023
Commercial
Commercial and industrial						$	97					$	86					$	90					$	76					$	102
Commercial real estate												1												9
Total commercial						97						87						90						85						102
Consumer
Residential real estate
Non government insured						52						27						38						38						36
Government insured						127						128						137						154						146
Automobile						6						6						5						7						6
Credit card						79						76						82						86						80
Education
Non government insured						2						2						3						2						2
Government insured						38						34						40						47						46
Other consumer						8						8						9						10						9
Total consumer						312						281						314						344						325
Total						$	409					$	368					$	404					$	429					$	427
Supplemental Information
Total accruing loans past due 90 days or more to total loans						0.13		%				0.11		%				0.13		%				0.13		%				0.13		%
Commercial						0.04		%				0.04		%				0.04		%				0.04		%				0.05		%
Consumer						0.31		%				0.28		%				0.31		%				0.34		%				0.32		%
Total accruing loans past due						$	1,275					$	1,272					$	1,275					$	1,384					$	1,287
Commercial						$	286					$	270					$	278					$	290					$	253
Consumer						$	989					$	1,002					$	997					$	1,094					$	1,034
Total accruing loans past due to total loans						0.40		%				0.40		%				0.40		%				0.43		%				0.40		%
Commercial						0.13		%				0.12		%				0.13		%				0.13		%				0.12		%
Consumer						0.98		%				1.00		%				0.99		%				1.07		%				1.01		%

(a)Excludes loans held for sale.

THE PNC FINANCIAL SERVICES GROUP, INC. Page 12

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, education loans and 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. Brokerage, investment management and cash management products and services 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 through PNC Private Bank Hawthorn.

•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, unions, municipalities and non-profits.

Table 14: Period End Employees

			September 30						June 30						March 31						December 31						September 30
			2024						2024						2024						2023						2023
Full-time employees
Retail Banking			27,740						27,935						28,580						28,761						29,692
Other full-time employees			26,009						25,997						25,861						26,052						27,725
Total full-time employees			53,749						53,932						54,441						54,813						57,417
Part-time employees
Retail Banking			1,451						1,558						1,554						1,540						1,480
Other part-time employees			49						422						56						58						70
Total part-time employees			1,500						1,980						1,610						1,598						1,550
Total			55,249						55,912						56,051						56,411						58,967

THE PNC FINANCIAL SERVICES GROUP, INC. Page 13

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			2024						2024						2024						2023						2023									2024						2023
Net Income
Retail Banking			$	1,164					$	1,715					$	1,085					$	1,073					$	1,094								$	3,964					$	2,695
Corporate & Institutional Banking			1,197						1,046						1,121						1,213						960									3,364						2,836
Asset Management Group			104						103						97						72						73									304						188
Other			(975)						(1,405)						(973)						(1,494)						(573)									(3,353)						(1,005)
Net income excluding noncontrolling interests			$	1,490					$	1,459					$	1,330					$	864					$	1,554								$	4,279					$	4,714
Revenue
Retail Banking			$	3,484					$	4,118					$	3,381					$	3,391					$	3,360								$	10,983					$	9,534
Corporate & Institutional Banking			2,645						2,502						2,437						2,637						2,254									7,584						6,756
Asset Management Group			403						398						387						380						362									1,188						1,072
Other			(1,100)						(1,607)						(1,060)						(1,047)						(743)									(3,767)						(1,233)
Total revenue			$	5,432					$	5,411					$	5,145					$	5,361					$	5,233								$	15,988					$	16,129

(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.

THE PNC FINANCIAL SERVICES GROUP, INC. Page 14

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			2024						2024						2024						2023						2023									2024						2023
Income Statement
Net interest income			$	2,783					$	2,709					$	2,617					$	2,669					$	2,576								$	8,109					$	7,305
Noninterest income			701						1,409						764						722						784									2,874						2,229
Total revenue			3,484						4,118						3,381						3,391						3,360									10,983						9,534
Provision for credit losses			111						27						118						130						42									256						266
Noninterest expense			1,842						1,841						1,837						1,848						1,876									5,520						5,707
Pretax earnings			1,531						2,250						1,426						1,413						1,442									5,207						3,561
Income taxes			358						524						333						329						337									1,215						834
Noncontrolling interests			9						11						8						11						11									28						32
Earnings			$	1,164					$	1,715		752			$	1,085		322			$	1,073					$	1,094								$	3,964					$	2,695
Average Balance Sheet
Loans held for sale			$	986					$	641					$	478					$	488					$	633								$	703					$	597
Loans
Consumer
Residential real estate			$	33,913					$	34,144					$	34,600					$	34,951					$	35,107								$	34,217					$	35,225
Home equity			24,345						24,347						24,462						24,569						24,591									24,384						24,608
Automobile			15,000						14,785						14,839						14,875						14,976									14,875						14,966
Credit card			6,805						6,840						6,930						7,084						7,075									6,858						6,999
Education			1,723						1,822						1,933						2,001						2,057									1,825						2,119
Other consumer			1,756						1,745						1,771						1,840						1,882									1,759						1,934
Total consumer			83,542						83,683						84,535						85,320						85,688									83,918						85,851
Commercial			12,788						12,787						12,620						12,088						11,733									12,732						11,628
Total loans			$	96,330					$	96,470					$	97,155					$	97,408					$	97,421								$	96,650					$	97,479
Total assets			$	114,257					$	115,102					$	114,199					$	114,730					$	114,724								$	114,522					$	114,975
Deposits
Noninterest-bearing			$	52,990					$	53,453					$	53,395					$	55,948					$	58,110								$	53,278					$	59,448
Interest-bearing			196,255						196,278						195,615						195,314						195,560									196,050						198,356
Total deposits			$	249,245					$	249,731					$	249,010					$	251,262					$	253,670								$	249,328					$	257,804
Performance Ratios
Return on average assets			4.04		%				5.98		%				3.85		%				3.71		%				3.78		%							4.63		%				3.13		%
Noninterest income to total revenue			20		%				34		%				23		%				21		%				23		%							26		%				23		%
Efficiency			53		%				45		%				54		%				54		%				56		%							50		%				60		%

(a)See note (a) on page 13.

THE PNC FINANCIAL SERVICES GROUP, INC. Page 15

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			2024						2024						2024						2023						2023									2024						2023
Supplemental Noninterest Income Information
Asset management and brokerage			$	145					$	135					$	137					$	139					$	130								$	417					$	384
Card and cash management			$	319					$	330					$	306					$	326					$	329								$	955					$	997
Lending and deposit services			$	193					$	182					$	178					$	186					$	193								$	553					$	550
Residential and commercial mortgage			$	129					$	70					$	97					$	117					$	128								$	296					$	307
Residential Mortgage Information
Residential mortgage servicing statistics (in billions, except as noted) (a)
Serviced portfolio balance (b)			$	200					$	204					$	207					$	209					$	213
MSR asset value (b)			$	2.5					$	2.7					$	2.7					$	2.7					$	2.8
Servicing income: (in millions)
Servicing fees, net (c)			$	69					$	67					$	82					$	89					$	67								$	218					$	212
Mortgage servicing rights valuation net of economic hedge			$	53					$	(14)					$	(6)					$	11					$	37								$	33					$	42
Residential mortgage loan statistics
Loan origination volume (in billions)			$	1.8					$	1.7					$	1.3					$	1.5					$	2.1								$	4.8					$	5.9
Loan sale margin percentage			1.45		%				1.96		%				2.53		%				2.45		%				2.43		%							1.92		%				2.31		%
Other Information
Credit-related statistics
Nonperforming assets (b)			$	836					$	840					$	841					$	834					$	856
Net charge-offs - loans and leases			$	141					$	138					$	139					$	128					$	114								$	418					$	335
Other statistics
Branches (b) (d)			2,242						2,247						2,271						2,299						2,303
Brokerage account client assets (in billions) (b) (e)			$	84					$	81					$	81					$	78					$	73

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

(b)Presented as of period end.

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

(d)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.

(e)Includes cash and money market balances.

THE PNC FINANCIAL SERVICES GROUP, INC. Page 16

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			2024						2024						2024						2023						2023									2024						2023
Income Statement
Net interest income			$	1,615					$	1,560					$	1,549					$	1,642					$	1,419								$	4,724					$	4,214
Noninterest income			1,030						942						888						995						835									2,860						2,542
Total revenue			2,645						2,502						2,437						2,637						2,254									7,584						6,756
Provision for credit losses			134						228						47						115						102									409						283
Noninterest expense			950						911						922						975						895									2,783						2,755
Pretax earnings			1,561						1,363						1,468						1,547						1,257									4,392						3,718
Income taxes			359						312						342						330						292									1,013						867
Noncontrolling interests			5						5						5						4						5									15						15
Earnings			$	1,197					$	1,046					$	1,121					$	1,213					$	960								$	3,364					$	2,836
Average Balance Sheet
Loans held for sale			$	339					$	212					$	151					$	450					$	283								$	234					$	392
Loans
Commercial
Commercial and industrial			$	163,061					$	163,083					$	163,326					$	167,185					$	161,810								$	163,156					$	165,987
Commercial real estate			34,450						34,441						34,420						34,488						34,587									34,437						34,534
Equipment lease financing			6,529						6,490						6,467						6,430						6,441									6,496						6,419
Total commercial			204,040						204,014						204,213						208,103						202,838									204,089						206,940
Consumer			3						4						3						5						4									3						6
Total loans			$	204,043					$	204,018					$	204,216					$	208,108					$	202,842								$	204,092					$	206,946
Total assets			$	227,277					$	229,604					$	228,698					$	234,590					$	230,082								$	228,518					$	232,914
Deposits
Noninterest-bearing			$	41,174					$	41,185					$	43,854					$	46,880					$	48,123								$	42,068					$	52,829
Interest-bearing			104,872						98,716						98,841						97,660						93,563									100,824						89,845
Total deposits			$	146,046					$	139,901					$	142,695					$	144,540					$	141,686								$	142,892					$	142,674
Performance Ratios
Return on average assets			2.09		%				1.83		%				1.99		%				2.05		%				1.66		%							1.97		%				1.63		%
Noninterest income to total revenue			39		%				38		%				36		%				38		%				37		%							38		%				38		%
Efficiency			36		%				36		%				38		%				37		%				40		%							37		%				41		%
Other Information
Consolidated revenue from:
Treasury Management (b)			$	974					$	954					$	936					$	1,044					$	849								$	2,864					$	2,412
Commercial mortgage banking activities:
Commercial mortgage loans held for sale (c)			$	16					$	17					$	10					$	17					$	17								$	43					$	57
Commercial mortgage loan servicing income (d)			90						84						67						59						43									241						126
Commercial mortgage servicing rights valuation, net of economic hedge			32						39						37						19						54									108						99
Total			$	138					$	140					$	114					$	95					$	114								$	392					$	282
Commercial mortgage servicing statistics
Serviced portfolio balance (in billions) (e) (f)			$	289					$	289					$	287					$	288					$	282
MSR asset value (e)			$	975					$	1,082					$	1,075					$	1,032					$	1,169
Average loans by C&IB business
Corporate Banking			$	116,330					$	116,439					$	116,845					$	119,916					$	113,538								$	116,537					$	116,777
Real Estate			46,181						45,987						46,608						47,028						47,234									46,258						47,407
Business Credit			29,825						29,653						28,929						29,252						29,900									29,470						30,230
Commercial Banking			7,438						7,527						7,546						7,591						7,861									7,503						8,170
Other			4,269						4,412						4,288						4,321						4,309									4,324						4,362
Total average loans			$	204,043					$	204,018					$	204,216					$	208,108					$	202,842								$	204,092					$	206,946
Credit-related statistics
Nonperforming assets (e)			$	1,624					$	1,528					$	1,419					$	1,217					$	1,130
Net charge-offs - loans and leases			$	147					$	129					$	108					$	76					$	12								$	384					$	190

(a)See note (a) on page 13.

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

(c)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.

(d)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.

(e)Presented as of period end.

(f)Represents balances related to capitalized servicing.

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			2024						2024						2024						2023						2023									2024						2023
Income Statement
Net interest income			$	161					$	163					$	157					$	156					$	139								$	481					$	391
Noninterest income			242						235						230						224						223									707						681
Total revenue			403						398						387						380						362									1,188						1,072
Provision for (recapture of) credit losses			(2)						2						(5)						2						(4)									(5)						(5)
Noninterest expense			270						261						265						284						271									796						831
Pretax earnings			135						135						127						94						95									397						246
Income taxes			31						32						30						22						22									93						58
Earnings			$	104					$	103					$	97					$	72					$	73								$	304					$	188
Average Balance Sheet
Loans
Consumer
Residential real estate			$	12,075					$	12,022					$	11,688					$	11,314					$	10,750								$	11,929					$	9,932
Other consumer			3,695						3,736						3,758						3,893						3,901									3,730						4,040
Total consumer			15,770						15,758						15,446						15,207						14,651									15,659						13,972
Commercial			715						814						849						867						1,090									792						1,188
Total loans			$	16,485					$	16,572					$	16,295					$	16,074					$	15,741								$	16,451					$	15,160
Total assets			$	16,928					$	17,018					$	16,728					$	16,505					$	16,161								$	16,891					$	15,578
Deposits
Noninterest-bearing			$	1,674					$	1,648					$	1,617					$	1,742					$	1,756								$	1,646					$	1,796
Interest-bearing			25,571						26,245						27,064						26,479						25,417									26,291						25,742
Total deposits			$	27,245					$	27,893					$	28,681					$	28,221					$	27,173								$	27,937					$	27,538
Performance Ratios
Return on average assets			2.44		%				2.43		%				2.35		%				1.73		%				1.79		%							2.41		%				1.61		%
Noninterest income to total revenue			60		%				59		%				59		%				59		%				62		%							60		%				64		%
Efficiency			67		%				66		%				68		%				75		%				75		%							67		%				78		%
Other Information
Nonperforming assets (b)			$	36					$	51					$	28					$	39					$	39
Net charge-offs (recoveries) - loans and leases																					$	(1)																				$	(2)
Client Assets Under Administration (in billions) (b) (c)
Discretionary client assets under management
PNC Private Bank			$	132					$	123					$	124					$	117					$	109
Institutional Asset Management			82						73						71						72						67
Total discretionary clients assets under management			214						196						195						189						176
Nondiscretionary client assets under administration			216						208						199						179						170
Total			$	430					$	404					$	394					$	368					$	346

(a)See note (a) on page 13.

(b)Presented as of period end.

(c)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.

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 – 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.

THE PNC FINANCIAL SERVICES GROUP, INC. Page 19

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, OREO and foreclosed 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.

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.

Troubled debt restructuring (TDR) – A loan whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulties. On January 1, 2023, we adopted ASU 2022-02, which eliminated the accounting guidance for TDRs.

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.