Exhibit 99.2

THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2024

(Unaudited)

THE PNC FINANCIAL SERVICES GROUP, INC.

FINANCIAL SUPPLEMENT

SECOND 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 July 16, 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 Second 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															Six months ended
	June 30			March 31			December 31			September 30			June 30			June 30			June 30
In millions, except per share data	2024			2024			2023			2023			2023			2024			2023
Interest Income
Loans	$	4,842		$	4,819		$	4,875		$	4,643		$	4,523		$	9,661		$	8,781
Investment securities	1,001			883			885			892			883			1,884			1,768
Other	725			798			742			668			538			1,523			1,054
Total interest income	6,568			6,500			6,502			6,203			5,944			13,068			11,603
Interest Expense
Deposits	2,084			2,077			1,995			1,792			1,531			4,161			2,822
Borrowed funds	1,182			1,159			1,104			993			903			2,341			1,686
Total interest expense	3,266			3,236			3,099			2,785			2,434			6,502			4,508
Net interest income	3,302			3,264			3,403			3,418			3,510			6,566			7,095
Noninterest Income
Asset management and brokerage	364			364			360			348			348			728			704
Capital markets and advisory	272			259			309			168			213			531			475
Card and cash management	706			671			688			689			697			1,377			1,356
Lending and deposit services	304			305			314			315			298			609			604
Residential and commercial mortgage	131			147			149			201			98			278			275
Other income
Gain on Visa shares exchange program	754															754
Securities gains (losses)	(499)												(2)			(499)			(2)
Other (a)	77			135			138			94			131			212			389
Total other income	332			135			138			94			129			467			387
Total noninterest income	2,109			1,881			1,958			1,815			1,783			3,990			3,801
Total revenue	5,411			5,145			5,361			5,233			5,293			10,556			10,896
Provision For Credit Losses	235			155			232			129			146			390			381
Noninterest Expense
Personnel	1,782			1,794			1,983			1,773			1,846			3,576			3,672
Occupancy	236			244			243			244			244			480			495
Equipment	356			341			365			347			349			697			699
Marketing	93			64			74			93			109			157			183
Other	890			891			1,409			788			824			1,781			1,644
Total noninterest expense	3,357			3,334			4,074			3,245			3,372			6,691			6,693
Income before income taxes and noncontrolling interests	1,819			1,656			1,055			1,859			1,775			3,475			3,822
Income taxes	342			312			172			289			275			654			628
Net income	1,477			1,344			883			1,570			1,500			2,821			3,194
Less: Net income attributable to noncontrolling interests	18			14			19			16			17			32			34
Preferred stock dividends (b)	95			81			118			104			127			176			195
Preferred stock discount accretion and     redemptions	2			2			2			2			2			4			4
Net income attributable to common shareholders	$	1,362		$	1,247		$	744		$	1,448		$	1,354		$	2,609		$	2,961
Earnings Per Common Share
Basic	$	3.39		$	3.10		$	1.85		$	3.60		$	3.36		$	6.49		$	7.35
Diluted	$	3.39		$	3.10		$	1.85		$	3.60		$	3.36		$	6.48		$	7.34
Average Common Shares Outstanding
Basic	400			400			400			400			401			400			401
Diluted	400			400			401			400			401			400			401
Efficiency	62		%	65		%	76		%	62		%	64		%	63		%	61		%
Noninterest income to total revenue	39		%	37		%	37		%	35		%	34		%	38		%	35		%
Effective tax rate (c)	18.8		%	18.8		%	16.3		%	15.5		%	15.5		%	18.8		%	16.4		%

(a)Includes Visa Class B derivative fair value adjustments of $(116) million, $(7) million, $(100) million, $(51) million and $(83) million for the quarters ended June 30, 2024, March 31, 2024, December 31, 2023, September 30, 2023 and June 30, 2023, respectively, and $(123) million and $(127) million for the six months ended June 30, 2024 and June 30, 2023, respectively. These adjustments are primarily related to 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)

	June 30		March 31		December 31		September 30		June 30
In millions, except par value	2024		2024		2023		2023		2023
Assets
Cash and due from banks	$	6,242	$	5,933	$	6,921	$	5,300	$	6,191
Interest-earning deposits with banks (a)	33,039		53,612		43,804		41,484		38,259
Loans held for sale (b)	988		743		734		923		835
Investment securities – available for sale	51,188		42,280		41,785		40,590		41,787
Investment securities – held to maturity	87,457		88,180		90,784		91,797		93,874
Loans (b)	321,429		319,781		321,508		318,416		321,761
Allowance for loan and lease losses	(4,636)		(4,693)		(4,791)		(4,767)		(4,737)
Net loans	316,793		315,088		316,717		313,649		317,024
Equity investments	9,037		8,280		8,314		8,046		8,015
Mortgage servicing rights	3,739		3,762		3,686		4,006		3,455
Goodwill	10,932		10,932		10,932		10,987		10,987
Other (b)	37,104		37,352		37,903		40,552		37,780
Total assets	$	556,519	$	566,162	$	561,580	$	557,334	$	558,207
Liabilities
Deposits
Noninterest-bearing	$	94,542	$	98,061	$	101,285	$	105,672	$	110,527
Interest-bearing	321,849		327,563		320,133		317,937		316,962
Total deposits	416,391		425,624		421,418		423,609		427,489
Borrowed funds
Federal Home Loan Bank borrowings	35,000		37,000		38,000		36,000		34,000
Senior debt	29,601		27,907		26,836		22,407		22,005
Subordinated debt	4,078		4,827		4,875		4,728		5,548
Other (b)	2,712		2,973		3,026		3,032		3,831
Total borrowed funds	71,391		72,707		72,737		66,167		65,384
Allowance for unfunded lending related commitments	717		672		663		640		663
Accrued expenses and other liabilities (b)	15,339		15,785		15,621		17,437		15,325
Total liabilities	503,838		514,788		510,439		507,853		508,861
Equity
Preferred stock (c)
Common stock - $5 par value
Authorized 800,000,000 shares, issued 543,225,979, 543,116,260, 543,116,271, 543,012,047 and 543,012,047 shares	2,716		2,716		2,716		2,715		2,715
Capital surplus	19,098		19,032		19,020		19,971		19,934
Retained earnings	57,652		56,913		56,290		56,170		55,346
Accumulated other comprehensive income (loss)	(7,446)		(8,042)		(7,712)		(10,261)		(9,525)
Common stock held in treasury at cost: 145,667,981, 145,068,954, 145,087,054, 144,671,252 and 144,763,739 shares	(19,378)		(19,279)		(19,209)		(19,141)		(19,150)
Total shareholders’ equity	52,642		51,340		51,105		49,454		49,320
Noncontrolling interests	39		34		36		27		26
Total equity	52,681		51,374		51,141		49,481		49,346
Total liabilities and equity	$	556,519	$	566,162	$	561,580	$	557,334	$	558,207

(a)Amounts include balances held with the Federal Reserve Bank of $32.6 billion, $53.2 billion, $43.3 billion, $41.1 billion and $37.8 billion as of June 30, 2024, March 31, 2024, December 31, 2023, September 30, 2023 and June 30, 2023, respectively.

(b)Amounts include assets and liabilities for which PNC has elected the fair value option. Our first quarter 2024 Form 10-Q included, and our second 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										Six months ended
	June 30		March 31		December 31		September 30		June 30		June 30		June 30
In millions	2024		2024		2023		2023		2023		2024		2023
Assets
Interest-earning assets:
Investment securities
Securities available for sale
Residential mortgage-backed
Agency	$	30,229	$	30,411	$	30,980	$	31,020	$	31,180	$	30,320	$	31,513
Non-agency	551		578		599		627		663		565		676
Commercial mortgage-backed	2,698		2,622		2,727		2,880		2,948		2,660		3,025
Asset-backed	1,987		1,414		1,080		989		575		1,701		397
U.S. Treasury and government agencies	15,350		8,199		7,788		7,996		8,231		11,775		8,657
Other	2,620		2,776		2,899		2,931		2,997		2,697		3,129
Total securities available for sale	53,435		46,000		46,073		46,443		46,594		49,718		47,397
Securities held to maturity
Residential mortgage-backed	42,234		42,633		43,336		44,112		45,033		42,433		45,323
Commercial mortgage-backed	2,174		2,252		2,318		2,346		2,396		2,213		2,424
Asset-backed	5,035		5,627		6,040		6,463		6,712		5,331		6,868
U.S. Treasury and government agencies	35,467		35,860		36,457		37,043		36,912		35,663		36,831
Other	2,961		3,062		3,164		3,256		3,391		3,012		3,365
Total securities held to maturity	87,871		89,434		91,315		93,220		94,444		88,652		94,811
Total investment securities	141,306		135,434		137,388		139,663		141,038		138,370		142,208
Loans
Commercial and industrial	177,130		177,258		180,566		175,206		180,878		177,194		181,444
Commercial real estate	35,523		35,522		35,617		36,032		35,938		35,523		36,023
Equipment lease financing	6,490		6,468		6,430		6,441		6,364		6,478		6,408
Consumer	53,503		53,933		54,512		54,744		55,070		53,718		55,045
Residential real estate	47,272		47,428		47,444		47,081		46,284		47,350		46,107
Total loans	319,918		320,609		324,569		319,504		324,534		320,263		325,027
Interest-earning deposits with banks (c)	41,113		48,250		42,627		38,352		31,433		44,682		32,736
Other interest-earning assets	9,279		8,002		8,738		8,777		9,215		8,641		9,012
Total interest-earning assets	511,616		512,295		513,322		506,296		506,220		511,956		508,983
Noninterest-earning assets	51,414		50,553		48,997		48,667		49,287		50,983		49,918
Total assets	$	563,030	$	562,848	$	562,319	$	554,963	$	555,507	$	562,939	$	558,901
Liabilities and Equity
Interest-bearing liabilities:
Interest-bearing deposits
Money market	$	67,631	$	67,838	$	66,393	$	64,310	$	63,691	$	67,735	$	64,716
Demand	121,423		122,748		124,124		123,730		124,111		122,085		124,243
Savings	97,232		97,719		98,490		100,643		102,415		97,476		103,406
Time deposits	34,663		32,975		30,357		25,872		22,342		33,819		21,436
Total interest-bearing deposits	320,949		321,280		319,364		314,555		312,559		321,115		313,801
Borrowed funds
Federal Home Loan Bank borrowings	35,962		37,717		37,783		34,109		33,752		36,839		32,909
Senior debt	29,717		28,475		26,634		23,479		20,910		29,096		20,298
Subordinated debt	4,567		5,082		5,091		5,293		5,850		4,824		5,974
Other	7,210		4,316		3,384		4,584		5,180		5,764		5,156
Total borrowed funds	77,456		75,590		72,892		67,465		65,692		76,523		64,337
Total interest-bearing liabilities	398,405		396,870		392,256		382,020		378,251		397,638		378,138
Noninterest-bearing liabilities and equity:
Noninterest-bearing deposits	96,284		98,875		104,567		107,981		113,178		97,579		117,155
Accrued expenses and other liabilities	17,144		16,404		16,328		15,629		15,063		16,774		15,536
Equity	51,197		50,699		49,168		49,333		49,015		50,948		48,072
Total liabilities and equity	$	563,030	$	562,848	$	562,319	$	554,963	$	555,507	$	562,939	$	558,901

(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 $40.7 billion, $47.8 billion, $42.2 billion, $37.9 billion and $30.6 billion for the three months ended June 30, 2024, March 31, 2024, December 31, 2023, September 30, 2023 and June 30, 2023 and $44.3 billion and $32.0 billion for the six months ended June 30, 2024 and June 30, 2023, respectively.

THE PNC FINANCIAL SERVICES GROUP, INC. Page 4

Table 4: Details of Net Interest Margin (Unaudited)
	Three months ended										Six months ended
	June 30		March 31		December 31		September 30		June 30		June 30		June 30
	2024		2024		2023		2023		2023		2024		2023
Average yields/rates (a)
Yield on interest-earning assets
Investment securities
Securities available for sale
Residential mortgage-backed
Agency	2.98	%	2.88	%	2.83	%	2.73	%	2.67	%	2.93	%	2.67	%
Non-agency	10.30	%	9.65	%	9.15	%	10.42	%	9.39	%	9.96	%	8.95	%
Commercial mortgage-backed	3.07	%	2.99	%	3.00	%	3.41	%	2.84	%	3.03	%	2.72	%
Asset-backed	5.92	%	6.02	%	6.41	%	6.30	%	6.56	%	5.96	%	6.67	%
U.S. Treasury and government agencies	4.28	%	2.67	%	2.22	%	2.28	%	2.20	%	3.72	%	2.12	%
Other	2.66	%	2.63	%	2.61	%	2.58	%	2.55	%	2.64	%	2.51	%
Total securities available for sale	3.53	%	3.01	%	2.89	%	2.87	%	2.73	%	3.29	%	2.69	%
Securities held to maturity
Residential mortgage-backed	2.79	%	2.77	%	2.75	%	2.72	%	2.72	%	2.78	%	2.73	%
Commercial mortgage-backed	5.38	%	5.46	%	5.53	%	5.55	%	5.35	%	5.42	%	5.15	%
Asset-backed	4.65	%	4.49	%	4.57	%	4.36	%	4.10	%	4.57	%	4.03	%
U.S. Treasury and government agencies	1.31	%	1.31	%	1.32	%	1.34	%	1.34	%	1.31	%	1.33	%
Other	4.69	%	4.52	%	4.72	%	4.57	%	4.65	%	4.61	%	4.63	%
Total securities held to maturity	2.43	%	2.42	%	2.44	%	2.42	%	2.41	%	2.42	%	2.41	%
Total investment securities	2.84	%	2.62	%	2.59	%	2.57	%	2.52	%	2.74	%	2.50	%
Loans
Commercial and industrial	6.22	%	6.18	%	6.13	%	5.86	%	5.70	%	6.20	%	5.52	%
Commercial real estate	6.66	%	6.67	%	6.68	%	6.59	%	6.37	%	6.67	%	6.19	%
Equipment lease financing	5.37	%	5.17	%	4.98	%	4.72	%	4.51	%	5.27	%	4.40	%
Consumer	7.24	%	7.16	%	7.00	%	6.89	%	6.57	%	7.20	%	6.46	%
Residential real estate	3.70	%	3.65	%	3.60	%	3.52	%	3.41	%	3.67	%	3.38	%
Total loans	6.05	%	6.01	%	5.94	%	5.75	%	5.57	%	6.03	%	5.43	%
Interest-earning deposits with banks	5.47	%	5.47	%	5.53	%	5.44	%	5.10	%	5.47	%	4.83	%
Other interest-earning assets	6.98	%	6.92	%	6.96	%	6.66	%	5.96	%	6.95	%	5.86	%
Total yield on interest-earning assets	5.13	%	5.08	%	5.03	%	4.87	%	4.70	%	5.11	%	4.58	%
Rate on interest-bearing liabilities
Interest-bearing deposits
Money market	3.39	%	3.45	%	3.32	%	3.10	%	2.79	%	3.42	%	2.59	%
Demand	2.25	%	2.26	%	2.26	%	2.15	%	1.89	%	2.25	%	1.74	%
Savings	1.85	%	1.81	%	1.68	%	1.49	%	1.26	%	1.83	%	1.14	%
Time deposits	4.48	%	4.44	%	4.11	%	3.67	%	3.26	%	4.46	%	3.14	%
Total interest-bearing deposits	2.61	%	2.60	%	2.48	%	2.26	%	1.96	%	2.60	%	1.81	%
Borrowed funds
Federal Home Loan Bank borrowings	5.66	%	5.65	%	5.66	%	5.55	%	5.28	%	5.66	%	5.04	%
Senior debt	6.55	%	6.59	%	6.25	%	6.17	%	5.91	%	6.57	%	5.66	%
Subordinated debt	6.65	%	6.64	%	6.63	%	6.52	%	6.19	%	6.64	%	5.94	%
Other	5.51	%	5.59	%	5.55	%	4.49	%	3.79	%	5.54	%	3.74	%
Total borrowed funds	6.04	%	6.07	%	5.94	%	5.77	%	5.44	%	6.06	%	5.22	%
Total rate on interest-bearing liabilities	3.26	%	3.24	%	3.10	%	2.86	%	2.56	%	3.25	%	2.38	%
Interest rate spread	1.87	%	1.84	%	1.93	%	2.01	%	2.14	%	1.86	%	2.20	%
Benefit from use of noninterest-bearing sources (b)	0.73	%	0.73	%	0.73	%	0.70	%	0.65	%	0.72	%	0.61	%
Net interest margin	2.60	%	2.57	%	2.66	%	2.71	%	2.79	%	2.58	%	2.81	%

(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 June 30, 2024, March 31, 2024, December 31, 2023, September 30, 2023 and June 30, 2023 were $34 million, $34 million, $36 million, $36 million and $37 million, respectively. The taxable-equivalent adjustments to net interest income for the six months ended June 30, 2024 and June 30, 2023 were $68 million and $75 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)

	June 30		March 31		December 31		September 30		June 30
In millions	2024		2024		2023		2023		2023
Commercial
Commercial and industrial
Retail/wholesale trade	$	30,128	$	28,923	$	28,198	$	28,284	$	28,751
Manufacturing	29,544		29,402		28,989		29,163		30,586
Financial services	27,986		27,640		28,422		22,770		21,823
Service providers	21,948		21,413		21,354		21,680		22,277
Real estate related (a)	15,198		15,583		16,235		16,182		17,200
Technology, media & telecommunications	9,621		10,158		10,249		10,989		11,158
Health care	9,527		10,193		9,808		10,092		10,186
Transportation and warehousing	8,036		7,523		7,733		7,891		8,048
Other industries	26,801		25,957		26,592		27,112		27,600
Total commercial and industrial	178,789		176,792		177,580		174,163		177,629
Commercial real estate	35,498		35,591		35,436		35,776		35,928
Equipment lease financing	6,555		6,462		6,542		6,493		6,400
Total commercial	220,842		218,845		219,558		216,432		219,957
Consumer
Residential real estate	47,183		47,386		47,544		47,359		46,834
Home equity	25,917		25,896		26,150		26,159		26,200
Automobile	14,820		14,788		14,860		14,940		15,065
Credit card	6,849		6,887		7,180		7,060		7,092
Education	1,732		1,859		1,945		2,020		2,058
Other consumer	4,086		4,120		4,271		4,446		4,555
Total consumer	100,587		100,936		101,950		101,984		101,804
Total loans	$	321,429	$	319,781	$	321,508	$	318,416	$	321,761

(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															Six months ended
	June 30			March 31			December 31			September 30			June 30			June 30			June 30
Dollars in millions	2024			2024			2023			2023			2023			2024			2023
Allowance for loan and lease losses
Beginning balance	$	4,693		$	4,791		$	4,767		$	4,737		$	4,741		$	4,791		$	4,741
Adoption of ASU 2022-02 (a)																			(35)
Beginning balance, adjusted	4,693			4,791			4,767			4,737			4,741			4,791			4,706
Gross charge-offs:
Commercial and industrial	(77)			(84)			(52)			(43)			(45)			(161)			(149)
Commercial real estate	(113)			(56)			(56)			(25)			(87)			(169)			(99)
Equipment lease financing	(8)			(8)			(7)			(4)			(3)			(16)			(7)
Residential real estate	(1)			(1)			(2)			(1)			(2)			(2)			(5)
Home equity	(9)			(10)			(6)			(4)			(5)			(19)			(11)
Automobile	(32)			(32)			(30)			(30)			(28)			(64)			(61)
Credit card	(90)			(92)			(87)			(78)			(80)			(182)			(154)
Education	(5)			(4)			(4)			(4)			(5)			(9)			(9)
Other consumer	(40)			(43)			(40)			(44)			(38)			(83)			(80)
Total gross charge-offs	(375)			(330)			(284)			(233)			(293)			(705)			(575)
Recoveries:
Commercial and industrial	39			19			24			45			33			58			53
Commercial real estate	7			2			2			2						9			2
Equipment lease financing	6			2			1			2			3			8			6
Residential real estate	3			3			3			3			4			6			7
Home equity	12			9			10			12			13			21			24
Automobile	24			25			23			26			27			49			51
Credit card	12			15			11			10			11			27			22
Education	1			2			2			1			2			3			4
Other consumer	9			10			8			11			6			19			17
Total recoveries	113			87			84			112			99			200			186
Net (charge-offs) / recoveries:
Commercial and industrial	(38)			(65)			(28)			2			(12)			(103)			(96)
Commercial real estate	(106)			(54)			(54)			(23)			(87)			(160)			(97)
Equipment lease financing	(2)			(6)			(6)			(2)						(8)			(1)
Residential real estate	2			2			1			2			2			4			2
Home equity	3			(1)			4			8			8			2			13
Automobile	(8)			(7)			(7)			(4)			(1)			(15)			(10)
Credit card	(78)			(77)			(76)			(68)			(69)			(155)			(132)
Education	(4)			(2)			(2)			(3)			(3)			(6)			(5)
Other consumer	(31)			(33)			(32)			(33)			(32)			(64)			(63)
Total net (charge-offs)	(262)			(243)			(200)			(121)			(194)			(505)			(389)
Provision for credit losses (b)	204			147			221			153			189			351			418
Other	1			(2)			3			(2)			1			(1)			2
Ending balance	$	4,636		$	4,693		$	4,791		$	4,767		$	4,737		$	4,636		$	4,737
Supplemental Information
Net charge-offs
Commercial net charge-offs	$	(146)		$	(125)		$	(88)		$	(23)		$	(99)		$	(271)		$	(194)
Consumer net charge-offs	(116)			(118)			(112)			(98)			(95)			(234)			(195)
Total net charge-offs	$	(262)		$	(243)		$	(200)		$	(121)		$	(194)		$	(505)		$	(389)
Net charge-offs to average loans (annualized)	0.33		%	0.30		%	0.24		%	0.15		%	0.24		%	0.32		%	0.24		%
Commercial	0.27		%	0.23		%	0.16		%	0.04		%	0.18		%	0.25		%	0.17		%
Consumer	0.46		%	0.47		%	0.44		%	0.38		%	0.38		%	0.47		%	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										Six months ended
	June 30		March 31		December 31		September 30		June 30		June 30		June 30
In millions	2024		2024		2023		2023		2023		2024		2023
Provision for credit losses
Loans and leases	$	204	$	147	$	221	$	153	$	189	$	351	$	418
Unfunded lending related commitments	45		9		23		(23)		(9)		54		(31)
Investment securities	(11)		1		(7)		(10)				(10)		(1)
Other financial assets	(3)		(2)		(5)		9		(34)		(5)		(5)
Total provision for credit losses	$	235	$	155	$	232	$	129	$	146	$	390	$	381

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

	June 30, 2024						March 31, 2024						June 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	$	1,728	$	178,789	0.97	%	$	1,673	$	176,792	0.95	%	$	1,836	$	177,629	1.03	%
Commercial real estate	1,441		35,498		4.06	%	1,468		35,591		4.12	%	1,206		35,928		3.36	%
Equipment lease financing	74		6,555		1.13	%	76		6,462		1.18	%	100		6,400		1.56	%
Total commercial	3,243		220,842		1.47	%	3,217		218,845		1.47	%	3,142		219,957		1.43	%
Consumer
Residential real estate	48		47,183		0.10	%	39		47,386		0.08	%	72		46,834		0.15	%
Home equity	260		25,917		1.00	%	272		25,896		1.05	%	294		26,200		1.12	%
Automobile	163		14,820		1.10	%	173		14,788		1.17	%	188		15,065		1.25	%
Credit card	698		6,849		10.19	%	749		6,887		10.88	%	765		7,092		10.79	%
Education	52		1,732		3.00	%	56		1,859		3.01	%	61		2,058		2.96	%
Other consumer	172		4,086		4.21	%	187		4,120		4.54	%	215		4,555		4.72	%
Total consumer	1,393		100,587		1.38	%	1,476		100,936		1.46	%	1,595		101,804		1.57	%
Total	4,636		$	321,429	1.44	%	4,693		$	319,781	1.47	%	4,737		$	321,761	1.47	%
Allowance for unfunded lending related commitments	717						672						663
Allowance for credit losses	$	5,353					$	5,365					$	5,400
Supplemental Information
Allowance for credit losses to total loans					1.67	%					1.68	%					1.68	%
Commercial					1.73	%					1.71	%					1.68	%
Consumer					1.52	%					1.60	%					1.67	%

(a)    Excludes allowances for investment securities and other financial assets, which together totaled $112 million, $117 million and $171 million at June 30, 2024, March 31, 2024 and June 30, 2023, respectively.

THE PNC FINANCIAL SERVICES GROUP, INC. Page 8

Details of Nonperforming Assets (Unaudited)

Table 9: Nonperforming Assets by Type

	June 30			March 31			December 31			September 30			June 30
Dollars in millions	2024			2024			2023			2023			2023
Nonperforming loans
Commercial
Commercial and industrial
Service providers	$	152		$	158		$	157		$	162		$	114
Technology, media & telecommunications	108			177			156			51			55
Manufacturing	79			60			32			34			50
Retail/wholesale trade	70			30			30			41			41
Real estate related (a)	47			23			30			31			42
Transportation and warehousing	41			40			35			44			33
Health care	37			40			36			37			60
Other industries	168			50			83			58			75
Total commercial and industrial	702			578			559			458			470
Commercial real estate	928			923			735			723			350
Equipment lease financing	16			13			13			30			7
Total commercial	1,646			1,514			1,307			1,211			827
Consumer (b)
Residential real estate	275			284			294			330			429
Home equity	468			464			458			446			506
Automobile	93			97			104			114			133
Credit card	13			13			10			11			10
Other consumer	8			8			7			11			8
Total consumer	857			866			873			912			1,086
Total nonperforming loans (c)	2,503			2,380			2,180			2,123			1,913
OREO and foreclosed assets	34			35			36			35			36
Total nonperforming assets	$	2,537		$	2,415		$	2,216		$	2,158		$	1,949
Nonperforming loans to total loans	0.78		%	0.74		%	0.68		%	0.67		%	0.59		%
Nonperforming assets to total loans, OREO and foreclosed assets	0.79		%	0.76		%	0.69		%	0.68		%	0.61		%
Nonperforming assets to total assets	0.46		%	0.43		%	0.39		%	0.39		%	0.35		%
Allowance for loan and lease losses to nonperforming loans	185		%	197		%	220		%	225		%	248		%

(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
	June 30		March 31		December 31		September 30		June 30
Dollars in millions	2024		2024		2023		2023		2023
Beginning balance	$	2,415	$	2,216	$	2,158	$	1,949	$	2,048
New nonperforming assets	571		616		496		641		410
Charge-offs and valuation adjustments	(178)		(133)		(104)		(91)		(135)
Principal activity, including paydowns and payoffs	(201)		(188)		(250)		(112)		(297)
Asset sales and transfers to loans held for sale	(16)		(16)		(6)		(7)		(12)
Returned to performing status (a)	(54)		(80)		(78)		(222)		(65)
Ending balance	$	2,537	$	2,415	$	2,216	$	2,158	$	1,949

(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) (b)

	June 30			March 31			December 31			September 30			June 30
Dollars in millions	2024			2024			2023			2023			2023
Commercial
Commercial and industrial	$	95		$	125		$	104		$	84		$	64
Commercial real estate	8			2			7			2			10
Equipment lease financing	19			22			41			25			14
Total commercial	122			149			152			111			88
Consumer
Residential real estate
Non government insured	201			179			201			179			151
Government insured	77			78			81			78			77
Home equity	64			64			63			59			56
Automobile	92			81			91			83			84
Credit card	50			49			54			50			49
Education
Non government insured	5			5			5			6			5
Government insured	22			20			22			26			28
Other consumer	12			11			16			15			17
Total consumer	523			487			533			496			467
Total	$	645		$	636		$	685		$	607		$	555
Supplemental Information
Total accruing loans past due 30-59 days to total loans	0.20		%	0.20		%	0.21		%	0.19		%	0.17		%
Commercial	0.06		%	0.07		%	0.07		%	0.05		%	0.04		%
Consumer	0.52		%	0.48		%	0.52		%	0.49		%	0.46		%

(a)Excludes loans held for sale.

(b)The CARES Act Credit reporting rules expired in the third quarter of 2023 and as such, delinquency status at June 30, 2024, March 31, 2024, December 31, 2023 and September 30, 2023 is being reported for all loans based on the contractual terms of the loan. Amounts as of June 30, 2023 continue to be presented in accordance with the credit reporting rules under the CARES Act, which required certain loans modified due to pandemic related hardships to not be reported as past due based on the contractual terms of the loan, even when borrowers may not have made payments on their loans during the modification period.

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) (b)

	June 30			March 31			December 31			September 30			June 30
Dollars in millions	2024			2024			2023			2023			2023
Commercial
Commercial and industrial	$	53		$	35		$	45		$	32		$	47
Commercial real estate	2									2
Equipment lease financing	6			4			8			6			5
Total commercial	61			39			53			40			52
Consumer
Residential real estate
Non government insured	48			50			50			52			36
Government insured	43			42			51			51			50
Home equity	24			24			27			22			18
Automobile	22			19			20			19			20
Credit card	37			37			39			38			36
Education
Non government insured	2			4			3			3			2
Government insured	13			13			16			19			15
Other consumer	9			7			11			9			9
Total consumer	198			196			217			213			186
Total	$	259		$	235		$	270		$	253		$	238
Supplemental Information
Total accruing loans past due 60-89 days to total loans	0.08		%	0.07		%	0.08		%	0.08		%	0.07		%
Commercial	0.03		%	0.02		%	0.02		%	0.02		%	0.02		%
Consumer	0.20		%	0.19		%	0.21		%	0.21		%	0.18		%

(a)Excludes loans held for sale.

(b)The CARES Act Credit reporting rules expired in the third quarter of 2023 and as such, delinquency status at June 30, 2024, March 31, 2024, December 31, 2023 and September 30, 2023 is being reported for all loans based on the contractual terms of the loan. Amounts as of June 30, 2023 continue to be presented in accordance with the credit reporting rules under the CARES Act, which required certain loans modified due to pandemic related hardships to not be reported as past due based on the contractual terms of the loan, even when borrowers may not have made payments on their loans during the modification period.

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) (b)

	June 30			March 31			December 31			September 30			June 30
Dollars in millions	2024			2024			2023			2023			2023
Commercial
Commercial and industrial	$	86		$	90		$	76		$	102		$	112
Commercial real estate	1						9
Total commercial	87			90			85			102			112
Consumer
Residential real estate
Non government insured	27			38			38			36			30
Government insured	128			137			154			146			144
Automobile	6			5			7			6			5
Credit card	76			82			86			80			71
Education
Non government insured	2			3			2			2			2
Government insured	34			40			47			46			46
Other consumer	8			9			10			9			9
Total consumer	281			314			344			325			307
Total	$	368		$	404		$	429		$	427		$	419
Supplemental Information
Total accruing loans past due 90 days or more to total loans	0.11		%	0.13		%	0.13		%	0.13		%	0.13		%
Commercial	0.04		%	0.04		%	0.04		%	0.05		%	0.05		%
Consumer	0.28		%	0.31		%	0.34		%	0.32		%	0.30		%
Total accruing loans past due	$	1,272		$	1,275		$	1,384		$	1,287		$	1,212
Commercial	$	270		$	278		$	290		$	253		$	252
Consumer	$	1,002		$	997		$	1,094		$	1,034		$	960
Total accruing loans past due to total loans	0.40		%	0.40		%	0.43		%	0.40		%	0.38		%
Commercial	0.12		%	0.13		%	0.13		%	0.12		%	0.11		%
Consumer	1.00		%	0.99		%	1.07		%	1.01		%	0.94		%

(a)Excludes loans held for sale.

(b)The CARES Act Credit reporting rules expired in the third quarter of 2023 and as such, delinquency status at June 30, 2024, March 31, 2024, December 31, 2023 and September 30, 2023 is being reported for all loans based on the contractual terms of the loan. Amounts as of June 30, 2023 continue to be presented in accordance with the credit reporting rules under the CARES Act, which required certain loans modified due to pandemic related hardships to not be reported as past due based on the contractual terms of the loan, even when borrowers may not have made payments on their loans during the modification period.

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 Bankingprovides 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

	June 30	March 31	December 31	September 30	June 30
	2024	2024	2023	2023	2023
Full-time employees
Retail Banking	27,935	28,580	28,761	29,692	30,446
Other full-time employees	25,997	25,861	26,052	27,725	27,785
Total full-time employees	53,932	54,441	54,813	57,417	58,231
Part-time employees
Retail Banking	1,558	1,554	1,540	1,480	1,567
Other part-time employees	422	56	58	70	503
Total part-time employees	1,980	1,610	1,598	1,550	2,070
Total	55,912	56,051	56,411	58,967	60,301

THE PNC FINANCIAL SERVICES GROUP, INC. Page 13

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

	Three months ended										Six months ended
	June 30		March 31		December 31		September 30		June 30		June 30		June 30
In millions	2024		2024		2023		2023		2023		2024		2023
Net Income
Retail Banking	$	1,715	$	1,085	$	1,073	$	1,094	$	954	$	2,800	$	1,601
Corporate & Institutional Banking	1,046		1,121		1,213		960		817		2,167		1,876
Asset Management Group	103		97		72		73		63		200		115
Other	(1,405)		(973)		(1,494)		(573)		(351)		(2,378)		(432)
Net income excluding noncontrolling interests	$	1,459	$	1,330	$	864	$	1,554	$	1,483	$	2,789	$	3,160
Revenue
Retail Banking	$	4,118	$	3,381	$	3,391	$	3,360	$	3,150	$	7,499	$	6,174
Corporate & Institutional Banking	2,502		2,437		2,637		2,254		2,202		4,939		4,502
Asset Management Group	398		387		380		362		353		785		710
Other	(1,607)		(1,060)		(1,047)		(743)		(412)		(2,667)		(490)
Total revenue	$	5,411	$	5,145	$	5,361	$	5,233	$	5,293	$	10,556	$	10,896

(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																	Six months ended
	June 30			March 31				December 31				September 30			June 30			June 30			June 30
Dollars in millions	2024			2024				2023				2023			2023			2024			2023
Income Statement
Net interest income	$	2,709		$	2,617			$	2,669			$	2,576		$	2,448		$	5,326		$	4,729
Noninterest income	1,409			764				722				784			702			2,173			1,445
Total revenue	4,118			3,381				3,391				3,360			3,150			7,499			6,174
Provision for (recapture of) credit losses	27			118				130				42			(14)			145			224
Noninterest expense	1,841			1,837				1,848				1,876			1,904			3,678			3,831
Pretax earnings	2,250			1,426				1,413				1,442			1,260			3,676			2,119
Income taxes	524			333				329				337			295			857			497
Noncontrolling interests	11			8				11				11			11			19			21
Earnings	$	1,715		$	1,085		752	$	1,073		322	$	1,094		$	954		$	2,800		$	1,601
Average Balance Sheet
Loans held for sale	$	641		$	478			$	488			$	633		$	614		$	560		$	578
Loans
Consumer
Residential real estate	$	34,144		$	34,600			$	34,951			$	35,107		$	35,150		$	34,372		$	35,285
Home equity	24,347			24,462				24,569				24,591			24,663			24,404			24,617
Automobile	14,785			14,839				14,875				14,976			15,005			14,812			14,962
Credit card	6,840			6,930				7,084				7,075			7,015			6,885			6,960
Education	1,822			1,933				2,001				2,057			2,115			1,877			2,151
Other consumer	1,745			1,771				1,840				1,882			1,929			1,759			1,959
Total consumer	83,683			84,535				85,320				85,688			85,877			84,109			85,934
Commercial	12,787			12,620				12,088				11,733			11,708			12,703			11,574
Total loans	$	96,470		$	97,155			$	97,408			$	97,421		$	97,585		$	96,812		$	97,508
Total assets	$	115,102		$	114,199			$	114,730			$	114,724		$	114,826		$	114,651		$	115,103
Deposits
Noninterest-bearing	$	53,453		$	53,395			$	55,948			$	58,110		$	59,464		$	53,424		$	60,129
Interest-bearing	196,278			195,615				195,314				195,560			197,854			195,946			199,776
Total deposits	$	249,731		$	249,010			$	251,262			$	253,670		$	257,318		$	249,370		$	259,905
Performance Ratios
Return on average assets	5.98		%	3.85		%		3.71		%		3.78		%	3.33		%	4.92		%	2.80		%
Noninterest income to total revenue	34		%	23		%		21		%		23		%	22		%	29		%	23		%
Efficiency	45		%	54		%		54		%		56		%	60		%	49		%	62		%

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

THE PNC FINANCIAL SERVICES GROUP, INC. Page 15

Retail Banking (Unaudited) (Continued)

	Three months ended															Six months ended
	June 30			March 31			December 31			September 30			June 30			June 30			June 30
Dollars in millions, except as noted	2024			2024			2023			2023			2023			2024			2023
Supplemental Noninterest Income Information
Asset management and brokerage	$	135		$	137		$	139		$	130		$	123		$	272		$	254
Card and cash management	$	330		$	306		$	326		$	329		$	344		$	636		$	668
Lending and deposit services	$	182		$	178		$	186		$	193		$	176		$	360		$	357
Residential and commercial mortgage	$	70		$	97		$	117		$	128		$	75		$	167		$	179
Residential Mortgage Information
Residential mortgage servicing statistics (in billions, except as noted) (a)
Serviced portfolio balance (b)	$	204		$	207		$	209		$	213		$	191
MSR asset value (b)	$	2.7		$	2.7		$	2.7		$	2.8		$	2.3
Servicing income: (in millions)
Servicing fees, net (c)	$	67		$	82		$	89		$	67		$	67		$	149		$	145
Mortgage servicing rights valuation net of economic hedge	$	(14)		$	(6)		$	11		$	37		$	(9)		$	(20)		$	5
Residential mortgage loan statistics
Loan origination volume (in billions)	$	1.7		$	1.3		$	1.5		$	2.1		$	2.4		$	3.0		$	3.8
Loan sale margin percentage	1.96		%	2.53		%	2.45		%	2.43		%	2.23		%	2.21		%	2.24		%
Other Information
Credit-related statistics
Nonperforming assets (b)	$	840		$	841		$	834		$	856		$	981
Net charge-offs - loans and leases	$	138		$	139		$	128		$	114		$	109		$	277		$	221
Other statistics
Branches (b) (d)	2,247			2,271			2,299			2,303			2,361
Brokerage account client assets (in billions) (b) (e)	$	81		$	81		$	78		$	73		$	75

(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															Six months ended
	June 30			March 31			December 31			September 30			June 30			June 30			June 30
Dollars in millions	2024			2024			2023			2023			2023			2024			2023
Income Statement
Net interest income	$	1,560		$	1,549		$	1,642		$	1,419		$	1,381		$	3,109		$	2,795
Noninterest income	942			888			995			835			821			1,830			1,707
Total revenue	2,502			2,437			2,637			2,254			2,202			4,939			4,502
Provision for credit losses	228			47			115			102			209			275			181
Noninterest expense	911			922			975			895			921			1,833			1,860
Pretax earnings	1,363			1,468			1,547			1,257			1,072			2,831			2,461
Income taxes	312			342			330			292			250			654			575
Noncontrolling interests	5			5			4			5			5			10			10
Earnings	$	1,046		$	1,121		$	1,213		$	960		$	817		$	2,167		$	1,876
Average Balance Sheet
Loans held for sale	$	212		$	151		$	450		$	283		$	440		$	181		$	448
Loans
Commercial
Commercial and industrial	$	163,083		$	163,326		$	167,185		$	161,810		$	167,357		$	163,205		$	168,110
Commercial real estate	34,441			34,420			34,488			34,587			34,410			34,430			34,507
Equipment lease financing	6,490			6,467			6,430			6,441			6,364			6,479			6,408
Total commercial	204,014			204,213			208,103			202,838			208,131			204,114			209,025
Consumer	4			3			5			4			5			3			7
Total loans	$	204,018		$	204,216		$	208,108		$	202,842		$	208,136		$	204,117		$	209,032
Total assets	$	229,604		$	228,698		$	234,590		$	230,082		$	234,174		$	229,151		$	234,354
Deposits
Noninterest-bearing	$	41,185		$	43,854		$	46,880		$	48,123		$	51,948		$	42,520		$	55,221
Interest-bearing	98,716			98,841			97,660			93,563			89,068			98,778			87,956
Total deposits	$	139,901		$	142,695		$	144,540		$	141,686		$	141,016		$	141,298		$	143,177
Performance Ratios
Return on average assets	1.83		%	1.99		%	2.05		%	1.66		%	1.40		%	1.91		%	1.61		%
Noninterest income to total revenue	38		%	36		%	38		%	37		%	37		%	37		%	38		%
Efficiency	36		%	38		%	37		%	40		%	42		%	37		%	41		%
Other Information
Consolidated revenue from:
Treasury Management (b)	$	954		$	936		$	1,044		$	849		$	778		$	1,890		$	1,563
Commercial mortgage banking activities:
Commercial mortgage loans held for sale (c)	$	17		$	10		$	17		$	17		$	13		$	27		$	40
Commercial mortgage loan servicing income (d)	84			67			59			43			44			151			83
Commercial mortgage servicing rights valuation, net of economic hedge	39			37			19			54			4			76			45
Total	$	140		$	114		$	95		$	114		$	61		$	254		$	168
Commercial mortgage servicing statistics
Serviced portfolio balance (in billions) (e) (f)	$	289		$	287		$	288		$	282		$	280
MSR asset value (f)	$	1,082		$	1,075		$	1,032		$	1,169		$	1,106
Average loans by C&IB business
Corporate Banking	$	116,439		$	116,845		$	119,916		$	113,538		$	117,259		$	116,642		$	118,424
Real Estate	45,987			46,608			47,028			47,234			47,692			46,297			47,495
Business Credit	29,653			28,929			29,252			29,900			30,613			29,291			30,398
Commercial Banking	7,527			7,546			7,591			7,861			8,225			7,536			8,327
Other	4,412			4,288			4,321			4,309			4,347			4,351			4,388
Total average loans	$	204,018		$	204,216		$	208,108		$	202,842		$	208,136		$	204,117		$	209,032
Credit-related statistics
Nonperforming assets (f)	$	1,528		$	1,419		$	1,217		$	1,130		$	738
Net charge-offs - loans and leases	$	129		$	108		$	76		$	12		$	93		$	237		$	178

(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)Represents balances related to capitalized servicing.

(f)Presented as of period end.

THE PNC FINANCIAL SERVICES GROUP, INC. Page 17

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

	Three months ended															Six months ended
	June 30			March 31			December 31			September 30			June 30			June 30			June 30
Dollars in millions, except as noted	2024			2024			2023			2023			2023			2024			2023
Income Statement
Net interest income	$	163		$	157		$	156		$	139		$	125		$	320		$	252
Noninterest income	235			230			224			223			228			465			458
Total revenue	398			387			380			362			353			785			710
Provision for (recapture of) credit losses	2			(5)			2			(4)			(10)			(3)			(1)
Noninterest expense	261			265			284			271			280			526			560
Pretax earnings	135			127			94			95			83			262			151
Income taxes	32			30			22			22			20			62			36
Earnings	$	103		$	97		$	72		$	73		$	63		$	200		$	115
Average Balance Sheet
Loans
Consumer
Residential real estate	$	12,022		$	11,688		$	11,314		$	10,750		$	9,855		$	11,855		$	9,517
Other consumer	3,736			3,758			3,893			3,901			4,065			3,747			4,110
Total consumer	15,758			15,446			15,207			14,651			13,920			15,602			13,627
Commercial	814			849			867			1,090			1,229			832			1,237
Total loans	$	16,572		$	16,295		$	16,074		$	15,741		$	15,149		$	16,434		$	14,864
Total assets	$	17,018		$	16,728		$	16,505		$	16,161		$	15,562		$	16,873		$	15,282
Deposits
Noninterest-bearing	$	1,648		$	1,617		$	1,742		$	1,756		$	1,787		$	1,632		$	1,817
Interest-bearing	26,245			27,064			26,479			25,417			25,482			26,655			25,907
Total deposits	$	27,893		$	28,681		$	28,221		$	27,173		$	27,269		$	28,287		$	27,724
Performance Ratios
Return on average assets	2.43		%	2.35		%	1.73		%	1.79		%	1.62		%	2.39		%	1.52		%
Noninterest income to total revenue	59		%	59		%	59		%	62		%	65		%	59		%	65		%
Efficiency	66		%	68		%	75		%	75		%	79		%	67		%	79		%
Other Information
Nonperforming assets (b)	$	51		$	28		$	39		$	39		$	41
Net charge-offs (recoveries) - loans and leases							$	(1)					$	(2)					$	(2)
Client Assets Under Administration (in billions) (b) (c)
Discretionary client assets under management
PNC Private Bank	$	123		$	124		$	117		$	109		$	111
Institutional Asset Management	73			71			72			67			65
Total discretionary clients assets under management	196			195			189			176			176
Nondiscretionary client assets under administration	208			199			179			170			168
Total	$	404		$	394		$	368		$	346		$	344

(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.