8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

November 6, 2009

Date of Report (date of earliest event reported)

THE PNC FINANCIAL SERVICES GROUP, INC.

(exact name of registrant as specified in its charter)

Pennsylvania	001-09718	25-1435979
(state or other jurisdiction of incorporation or organization)	Commission File Number	(I.R.S. Employer Identification Number)

One PNC Plaza

249 Fifth Avenue

Pittsburgh, Pennsylvania 15222-2707

(Address of principal executive offices, including zip code)

(412) 762-2000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

On November 6, 2009, Williams S. Demchak, Senior Vice Chairman of The PNC Financial Services Group, Inc. (the “Corporation”), gave a presentation to investors at the BancAnalysts Association of Boston Financial Services Conference. This presentation was accompanied by a series of electronic slides that included information pertaining to the financial results and business strategies of the Corporation. A copy of these slides and related material is included in this report as Exhibit 99.1 and is furnished herewith.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.     The exhibit listed on the Exhibit Index accompanying this Form 8-K is furnished herewith.

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	THE PNC FINANCIAL SERVICES GROUP, INC.
	(Registrant)
Date: November 6, 2009	By:	/S/    SAMUEL R. PATTERSON
		Samuel R. Patterson
		Controller

3

EXHIBIT INDEX

Number	Description	Method of Filing
99.1	Electronic presentation slides and related material for the BancAnalysts Association of Boston Financial Services Conference on November 6, 2009	Furnished herewith.

4

EX-99.1

The PNC Financial Services Group, Inc.

BancAnalysts Association of Boston

November 6, 2009

Exhibit 99.1

2

Cautionary Statement Regarding Forward-Looking

Information and Adjusted Information

This presentation includes “snapshot” information about PNC used by way of illustration.  It is not intended as a full business or financial review and

should be viewed in the context of all of the information made available by PNC in its SEC filings.  The presentation also contains forward-looking

statements regarding our outlook or expectations relating to PNC’s future business, operations, financial condition, financial performance, capital and

liquidity levels, and asset quality.  Forward-looking statements are necessarily subject to numerous assumptions, risks and uncertainties, which

change over time.

The forward-looking statements in this presentation are qualified by the factors affecting forward-looking statements identified in the more detailed

Cautionary Statement included in the Appendix, which is included in the version of the presentation materials posted on our corporate website at

www.pnc.com/investorevents.  We provide greater detail regarding some of these factors in our 2008 Form 10-K and 2009 Form 10-Qs, including in

the Risk Factors and Risk Management sections of those reports, and in our other SEC filings (accessible on the SEC’s website at www.sec.gov and on

or through our corporate website at www.pnc.com/secfilings). We have included web addresses here and elsewhere in this presentation as inactive

textual references only.  Information on these websites is not part of this document.

Future events or circumstances may change our outlook or expectations and may also affect the nature of the assumptions, risks and uncertainties to

which our forward-looking statements are subject.  The forward-looking statements in this presentation speak only as of the date of this presentation.

We do not assume any duty and do not undertake to update those statements.

In this presentation, we may refer to adjusted results to help illustrate the impact of certain types of items.  This information supplements our results

as reported in accordance with GAAP and should not be viewed in isolation from, or a substitute for, our GAAP results.  We believe that this additional

information and the reconciliations we provide may be useful to investors, analysts, regulators and others as they evaluate the impact of these items

on our results for the periods presented.

In certain discussions, we may also provide information on yields and margins for all interest-earning assets calculated using net interest income on a

taxable-equivalent basis by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on

taxable investments.  We believe this adjustment may be useful when comparing yields and margins for all earning assets.

This presentation may also include discussion of other non-GAAP financial measures, which, to the extent not so qualified therein or in the Appendix,

is qualified by GAAP reconciliation information available on our corporate website at www.pnc.com under “About PNC–Investor Relations.”

3

Key Messages

Overview of PNC

The changing credit markets

PNC’s credit book

Opportunities from PNC’s perspective

PNC Is Well-Positioned to Take Advantage of Opportunities

in the Marketplace.

4

Residential Mortgage

Footprint covering nearly 1/3 of

the U.S. population

Retail

A Powerful Franchise

(offices in 21

countries)

BlackRock

CO

TX

KS

OK

Global Investment Servicing

(international offices)

A leading provider of processing,

technology and business

solutions to the global

investment industry

Corporate & Institutional

A leader in serving middle-

market customers and

government entities

Asset Management

One of the largest bank-held

asset managers in the U.S.

One of the nation’s largest

mortgage platforms

7

th

$271 billion

Assets

U.S. Rank

3Q09

6,463

2,553

$184 billion

5

th

ATMs

5

th

Branches

5

th

Deposits

(1) Source: SNL DataSource.  Amounts and rankings as of quarter end.

PNC

Overview

1

5

3Q09 Performance Review

Our business model performed well

We believe the economy has stabilized

The

balance

sheet

remained

well-positioned

–

further

increased

capital

and

reserves and maintained strong bank liquidity

Pace of credit quality deterioration eased

Strong revenue performance and disciplined expense management resulted in

pretax

pre-provision

earnings

well

in

excess

of

credit

costs

Positive client trends continued to drive product sales above plan

PNC’s

Performance

Validates

Realistic

Opportunities

for

Growth.

.11

$1.03

$530

1Q09

.21

$1.00

$559

3Q09

.52

.21

EPS impact of TARP preferred dividends

$1,296

$207

Net income, millions

$.14

2Q09

$2.17

YTD09

Earnings per diluted common share

Financial overview

(1) Total revenue less noninterest expense. Further information is provided in the Appendix.

PNC

Overview

1

6

Building a High Quality, Differentiated

Balance Sheet

Change from

($8)

2

-

($3)

($7)

(3)

(5)

$1

($8)

(8)

(4)

$4

June 30,

2009

($20)

$271

Total liabilities and equity

($10)

$42

Borrowed funds

(13)

11

Other time/savings

($9)

$184

Total deposits

(4)   

16

Other

(7)

51

Retail CDs

$11

$122

Transaction deposits

3

29

Shareholders’

equity

(16)

56

Other assets

(15)

161

Total loans

($20)

$271

Total assets

$54

Sept 30,

2009

$11

Dec 31,

2008

Investment securities

Category (billions)

PNC Is Transitioning Our Balance Sheet to Reflect Our

PNC Is Transitioning Our Balance Sheet to Reflect Our

Business Model.

Business Model.

Loans/Assets

59%

Investment

securities/Assets

20%

Loans/Deposits

87%

Tier 1 risk-based

ratio

10.8%

Tier 1 common ratio

5.5%

Sept 30, 2009

Key Ratios

PNC

Overview

(1) Estimated.

1

1

7

Marketplace Credit Spreads

Sources: Loan Pricing Corp, S&P LCD.

Average spreads vs. LIBOR by rating

Credit

Market

Overview

0

100

200

300

400

500

600

Oct-99

Oct-00

Oct-01

Oct-02

Oct-03

Oct-04

Oct-05

Oct-06

Oct-07

Oct-08

Oct-09

AA Primary

A Primary

BBB Primary

BB Primary

B Primary

Credit Spreads Are Dramatically Lower but Still Wide by

Credit Spreads Are Dramatically Lower but Still Wide by

Historical Standards.

Historical Standards.

AA

Primary

A

Primary

BBB

Primary

BB

Primary

B

Primary

8

Increasing Bond Issuance &

Decreasing Loan Issuance in the Market

$-

$100

$200

$300

$400

$500

$600

$700

$800

Credit

Market

Overview

The Collapse of the Leveraged Loan Market Helped Drive Higher

Bond Issuances.

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

2007

2008

2009

Source: Loan Pricing Corp.

Leveraged loans

Investment grade loans

High yield bonds

Investment grade bonds

9

PNC Loan Balances

$175.5

$171.4

$165.0

$160.6

$0

$60

$120

$180

4Q08

1Q09

2Q09

3Q09

Avg. originated loans and

commitments to lend equal

about $27 billion per qtr.

Despite Solid Loan Originations, Soft Demand Continued to

Despite Solid Loan Originations, Soft Demand Continued to

Contribute to a Decline in Loans Outstanding.

Contribute to a Decline in Loans Outstanding.

Commercial loans down

14% from year end

Consumer loans down 1%

from year end

PNC’s

Credit Book

Loan balances as of quarter end.

10

PNC Loan Portfolio

Commercial

and

equipment

leasing

$62.3

Commercial

real estate

$21.4

3Q09

Total loans

$160.6

Home

Equity

$29.6

Residential

real estate

$11.1

Distressed

$19.7

Other

consumer

$16.5

As of September 30, 2009. (1) Includes commercial and equipment leasing, commercial real estate, home equity, residential real estate

and other consumer loans assigned to the Distressed Assets Portfolio segment totaling approximately $19.7 billion at September 30,

2009. Further information regarding the categories of loans in the Distressed Assets Portfolio segment and in the overall loan portfolio is

provided in the Appendix. (2) Impaired loans and/or fair value marks relate to loans acquired from National City that were impaired per

FASB ASC 310-30.

Held

for

Investment

(billions)

Core portfolio of $141 billion

-

Primarily in our footprint with a

majority collateralized

-

Relatively well balanced

-

No sector concentrations in

commercial portfolio

-

Core CRE well diversified in terms of

asset classes and geography

-

Core consumer 71% home equity and

residential real estate

Distressed portfolio of $20 billion

-

Includes impaired loans with a

carrying value of $7.8 billion marked

down by 37%

-

Overall carried at about 75% of

customer outstandings considering

allowance and fair value marks

Highlights

39%

13%

10%

19%

7%

12%

PNC’s

Credit Book

2

1

2

11

Relative Credit Risk Profile

Peers represents average of BBT, BAC, COF, CMA, FITB, JPM, KEY, MTB, RF, STI, USB and WFC.  Sources: SNL DataSource, company

reports.  (1) As of or for the three months ended September 30, 2009.  Net charge-offs percentage is annualized. (2) Impaired loans

and/or fair value marks relate to loans acquired from National City that were impaired per FASB ASC 310-30.

0.00%

1.00%

2.00%

3.00%

4.00%

Nonperforming

loans to total

loans

Nonperforming

assets to total

assets

Net charge-

offs to average

loans

Allowance for

loan and lease

losses to loans

3.19%

3.43%

2.08%

2.48%

1.59%

2.93%

2.99%

3.20%

Key 3Q09 metrics

Reserves plus fair value marks 

as a % of outstanding:

Commercial real estate 10%

Commercial 5%

Residential real estate 9%

Consumer 3%

Total loans  7%

PNC Sept. 30, 2009

PNC’s

Credit Book

1

2

PNC’s Commitment to Prudent Risk Management Is Reflected in

Our Credit Metrics.

12

30%

20%

16%

14%

13%

13%

13%

11%

9%

9%

9%

3%

3%

MTB

RF

CMA

STI

KEY

USB

BBT

WFC

FITB

COF

PNC

BAC

JPM

Commercial Real Estate (CRE)

Peer source: company reports.  (1) Impaired loans and/or fair value marks relate to loans acquired from National City that were

impaired per FASB ASC 310-30.

PNC’s Commercial Real Estate Outstandings Are Smaller as a

Percentage of Assets on a Relative Peer Basis.

CRE as a % of assets as of June 30, 2009

PNC’s

Credit Book

The fair value marks on impaired

CRE

plus the allocated CRE allowance for

losses as a % of total CRE outstandings

was 10% as of Sept. 30, 2009

Sept. 30,

2009 also 9%

1

13

PNC Commercial Real Estate (CRE)

As of September 30, 2009. (1) Other includes healthcare, mobile home parks, self storage, golf courses, senior housing, mixed use

properties, special purpose, churches, raw land and other miscellaneous property types. (2) Impaired loans and/or fair value marks

relate to loans acquired from National City that were impaired per FASB ASC 310-30.

17%

Multifamily

18%

Office

27%

Other

Industrial/

Warehousing

17%

Retail

11%

Residential 

development

Lodging

6%

4%

PNC 3Q09 CRE loans by type

$24.1B

PNC’s

Credit Book

Highlights

Core CRE Portfolio

Majority from larger national / regional

developers

-

Continuing to work closely with

borrowers

-

Current stress has been manageable

Remainder smaller balance loans

-

Primarily from bank acquisitions

-

Most with recourse to borrowers

Distressed CRE Portfolio

Majority continued to perform

Aggressively managing portfolio leveraging

Midland Loan Services

PNC’s Commercial Real Estate Portfolio Is Granular

and Diversified.

1

14

Midland Loan Services

One of the leading third-party providers of

loan servicing, asset management and

technology solutions for the commercial real

estate finance industry.

$20.0 billion

O/S principal balance

1,081

Loans

Government services

$282.3 billion

O/S principal balance

27,239

Loans

Total servicing portfolio

$9.9 billion

O/S principal balance

702

Loans

Active special servicing portfolio

$104.5 billion

O/S principal balance

9,626

Loans

179

Transactions

Total special servicing

PNC’s Real Estate Finance Group Is Recognized as a Leader in

the Field.

The only company in the industry with the

highest U.S. servicer and special servicer

ratings from Fitch and S&P

Opportunities

As of September 30, 2009.

15

Commercial Real Estate Debt Market

Opportunities

Commercial

banks

Life Insurance

Companies

Savings

Institutions

Others

CMBS

GSEs

45%

23%

18%

13%

4%

5%

1990 = $1.1 Trillion

Holders

Commercial

banks

Life

Insurance

Cos.

Savings

Institutions

GSEs

CMBS

Others

9%

6%

8%

25%

7%

2Q09 = $3.5 Trillion

Holders

37%

Midland CMBS

master servicing

portfolio $125 billion

14% of total CMBS

Source: Midland Loan Services and Federal Reserve Bulletin.

16

CMBS Markets Remain Challenging

Opportunities

$0

$50

$100

$150

$200

$250

'90

'91

'92

'93

'94

'95

'96

'97

'98

'99

'00

'01

'02

'03

'04

'05

'06

'07

'08

'09

$0

$15

$30

$45

Data through September 2009.  Sources: Commercial Mortgage Alert, Midland Loan Services, PNC Real Estate Research, Trepp LLC.

Total U.S. CMBS Issuances (left axis)

Midland Servicing Portfolio Issuances (right axis)

$0

$50

$100

$150

$200

$250

Office

Retail

Multi -

Family

Lodging

Mixed Use

Industrial /

Warehouse

Self

Storage

Mobile

Home

Other

Health Care

Co-op

Housing

$0

$10

$20

$30

$40

Total U.S. CMBS Outstandings (left axis)

Midland Servicing Portfolio (right axis)

($ billions)

(at September 30, 2009, $ billions)

17

Commercial Mortgage Maturities 2010-2011

Opportunities

Qualify for bank /

insurance / agency

refinance

Recapitalization

(REITs, funds,

institutional

investors,

others)

Debt pay down

required for

qualification

Distressed /

liquidation

46%

28%

14%

12%

Source: Midland Loan Services.

Estimated resolution for commercial mortgages serviced by Midland

18

PNC portfolio spreads above LIBOR

Corporate & Institutional Banking Loan Spreads

Opportunities

Loan Spreads in the C&IB Banking Segment Are Showing

Loan Spreads in the C&IB Banking Segment Are Showing

Gradual and Steady Improvement.

Gradual and Steady Improvement.

4.80%

3.53%

2.49%

2.27%

2.06%

2.83%

1.50%

2.50%

3.50%

4.50%

5.50%

1H06

2H06

1H07

2H07

1H08

2H08

1H09

3Q09

Asset based lending

Real estate finance

Corporate banking

19

Substantial Cross Sell Opportunities

$5 MM

$5 MM

DHE

$2.5 MM / 2.4%

$2.5 MM / 3.4%

Outstanding balance / loan spread

Metrics

Credit only

Cross sold

Opportunities

$85

$130

$13

$33

8%

18%

Cross sold relationship

Credit only relationship

Revenue

Economic

profit

Risk adjusted

return on capital

Illustration of credit only vs. cross sold relationship

Assumptions:

20

(6)

(5)

(4)

(3)

(2)

(1)

0

1

2

3

4

0%

1%

2%

3%

4%

5%

6%

Proactively Managing the Balance Sheet

Opportunities

PNC Duration

of Equity

(At Quarter End)

Fed Fund

Effective Rate

(At Quarter End)

2007

2008

2009

1.4%

100 bps increase

(5.5%)

100 bps decrease

Effect on NII in 2

year from

gradual interest rate change

over preceding 12 months

Effect on NII in 1

year from

gradual interest rate change

over following 12 months

PNC 3Q09 NII Sensitivity

(2.0%)

.9%

100 bps decrease

100 bps increase

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

nd

st

21

Summary

PNC Continues to Build a Great Company.

PNC Continues to Build a Great Company.

PNC’s business model has performed well during

the economic downturn

PNC believes the economy has stabilized and

the pace of our credit quality deterioration has

eased

PNC’s realistic opportunities for growth are

expected to deliver significant value

22

This presentation includes “snapshot” information about PNC used by way of illustration and is not intended as a full business or financial review.  It

should not be viewed in isolation but rather in the context of all of the information made available by PNC in its SEC filings.

We also make statements in this presentation, and we may from time to time make other statements, regarding our outlook or expectations for

earnings, revenues, expenses, capital levels, liquidity levels, asset quality and/or other matters regarding or affecting PNC that are forward-looking

statements within the meaning of the Private Securities Litigation Reform Act.  Forward-looking statements are typically identified by words such as

“believe,” “plan,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “will,” “project” and other similar words and expressions.  Forward-

looking statements are subject to numerous assumptions, risks and uncertainties, which change over time.

Forward-looking statements speak only as of the date they are made. We do not assume any duty and do not undertake to update our forward-looking

statements.  Actual results or future events could differ, possibly materially, from those that we anticipated in our forward-looking statements, and

future results could differ materially from our historical performance.

Our forward-looking statements are subject to the following principal risks and uncertainties.  We provide greater detail regarding some of these factors

in our 2008 Form 10-K and 2009 Form 10-Qs, including in the Risk Factors and Risk Management sections of those reports, and in our other SEC filings.

Our forward-looking statements may also be subject to other risks and uncertainties, including those that we may discuss elsewhere in this presentation

or in our filings with the SEC, accessible on the SEC’s website at www.sec.gov and on or through our corporate website at www.pnc.com/secfilings.  We

have included these web addresses as inactive textual references only.  Information on these websites is not part of this document.

•

Our businesses and financial results are affected by business and economic conditions, both generally and specifically in the principal markets in which

we operate. In particular, our businesses and financial results may be impacted by:

o

Changes in interest rates and valuations in the debt, equity and other financial markets.

o

Disruptions in the liquidity and other functioning of financial markets, including such disruptions in the markets for real estate and other assets

commonly securing financial products.

o

Actions by the Federal Reserve and other government agencies, including those that impact money supply and market interest rates.

o

Changes in our customers’, suppliers’ and other counterparties’ performance in general and their creditworthiness in particular.

o

Changes in levels of unemployment.

o

Changes in customer preferences and behavior, whether as a result of changing business and economic conditions or other factors.

•

A continuation of recent turbulence in significant portions of the US and global financial markets, particularly if it worsens, could impact our

performance, both directly by affecting our revenues and the value of our assets and liabilities and indirectly by affecting our counterparties and the

economy generally.

•

Our business and financial performance could be impacted as the financial industry restructures in the current environment, both by changes in the

creditworthiness and performance of our counterparties and by changes in the competitive and regulatory landscape.

•

Given current economic and financial market conditions, our forward-looking financial statements are subject to the risk that these conditions will be

substantially different than we are currently expecting.  These statements are based on our current expectations that interest rates will remain low

through 2009 with continued wide market credit spreads, and our view that national economic trends currently point to the end of recessionary

conditions in the later half of 2009 followed by a subdued recovery in 2010.

Cautionary Statement Regarding Forward-Looking

Information

Appendix

23

Cautionary Statement Regarding Forward-Looking

Information (continued)

Appendix

•Legal and regulatory developments could have an impact on our ability to operate our businesses or our financial condition or results of operations  

or our

competitive

position

or

reputation.

Reputational

impacts,

in

turn,

could

affect

matters

such

as

business

generation

and

retention,

our

ability

to

attract

and

retain

management,

liquidity,

and

funding.

These

legal

and

regulatory

developments

could

include:

o

Changes resulting from legislative and regulatory responses to the current economic and financial industry environment, including current and

future conditions or restrictions imposed as a result of our participation in the TARP Capital Purchase Program.

o

Other legislative and regulatory reforms, including broad-based restructuring of financial industry regulation as well as changes to laws and

regulations involving tax, pension, bankruptcy, consumer protection, and other aspects of the financial institution industry.

o

Increased litigation risk from recent regulatory and other governmental developments.

o

Unfavorable resolution of legal proceedings or other claims and regulatory and other governmental inquiries.

o

The results of the regulatory examination and supervision process, including our failure to satisfy the requirements of agreements with

governmental agencies.

o

Changes in accounting policies and principles.

•Our issuance of securities to the US Department of the Treasury may limit our ability to return capital to our shareholders and is dilutive to our

common shares.  If we are unable previously to redeem the shares, the dividend rate increases substantially after five years.

•Our business and operating results are affected by our ability to identify and effectively manage risks inherent in our businesses, including, where

appropriate,

through

the

effective

use

of

third-party

insurance,

derivatives,

and

capital

management

techniques,

and

by

our

ability

to

meet

evolving

regulatory capital standards.

•The adequacy of our intellectual property protection, and the extent of any costs associated with obtaining rights in intellectual property claimed    

by others, can impact our business and operating results.

•Our ability to anticipate and respond to technological changes can have an impact on our ability to respond to customer needs and to meet

competitive demands.

•Our ability

to

implement

our

business

initiatives

and

strategies

could

affect

our

financial

performance

over

the

next

several

years.

•Competition can have an impact on customer acquisition, growth and retention, as well as on our credit spreads and product pricing, which can    

affect market share, deposits and revenues.

•Our business and operating results can also be affected by widespread natural disasters, terrorist activities or international hostilities, either as a

result

of

the

impact

on

the

economy

and

capital

and

other

financial

markets

generally

or

on

us

or

on

our

customers,

suppliers

or

other

counterparties

specifically.

•Also, risks and uncertainties that could affect the results anticipated in forward-looking statements or from historical performance relating to our

equity interest in BlackRock, Inc. are discussed in more detail in BlackRock’s filings with the SEC, including in the Risk Factors sections of BlackRock’s

reports. BlackRock’s SEC filings are accessible on the SEC’s website and on or through BlackRock’s website at www.blackrock.com.  This material is

referenced for informational purposes only and should not be deemed to constitute a part of this document.

In

addition,

our

recent

acquisition

of

National

City

Corporation

(“National

City”)

presents

us

with

a

number

of

risks

and

uncertainties

related

both

to

the acquisition itself and to the integration of the acquired businesses into PNC.  These risks and uncertainties include the following:

•The

anticipated

benefits

of

the

transaction,

including

anticipated

cost

savings

and

strategic

gains,

may

be

significantly

harder

or

take

longer

to

achieve than expected or may not be achieved in their entirety as a result of unexpected factors or events.

24

Cautionary Statement Regarding Forward-Looking

Information (continued)

Appendix

•Our

ability

to

achieve

anticipated

results

from

this

transaction

is

dependent

on

the

state

going

forward

of

the

economic

and

financial

markets,

which have been under significant stress recently.  Specifically, we may incur more credit losses from National City’s loan portfolio than expected. 

Other issues related to achieving anticipated financial results include the possibility that deposit attrition or attrition in key client, partner and other

relationships may be greater than expected.

•Legal proceedings or other claims made and governmental investigations currently pending against National City, as well as others that may be

filed, made or commenced relating to National City’s business and activities before the acquisition, could adversely impact our financial results.

•Our ability to achieve anticipated results is also dependent on our ability to bring National City’s systems, operating models, and controls into

conformity

with

ours

and

to

do

so

on

our

planned

time

schedule.

The

integration

of

National

City’s

business

and

operations

into

PNC,

which

will

include conversion of National City’s different systems and procedures, may take longer than anticipated or be more costly than anticipated or    

have unanticipated adverse results relating to National City’s or PNC’s existing businesses.  PNC’s ability to integrate National City successfully    

may be adversely affected by the fact that this transaction has resulted in PNC entering several markets where PNC did not previously have any

meaningful retail presence.

In addition to the National City transaction, we grow our business from time to time by acquiring other financial services companies.  Acquisitions in

general

present

us

with

risks,

in

addition

to

those

presented

by

the

nature

of

the

business

acquired,

similar

to

some

or

all

of

those

described

above

relating to the National City acquisition.

Any annualized, proforma, estimated, third party or consensus numbers in this presentation are used for illustrative or comparative purposes only

and may not reflect actual results.  Any consensus earnings estimates are calculated based on the earnings projections made by analysts who cover

that

company.

The

analysts’

opinions,

estimates

or

forecasts

(and

therefore

the

consensus

earnings

estimates)

are

theirs

alone,

are

not

those

of

PNC or its management, and may not reflect PNC’s or other company’s actual or anticipated results.

25

Non-GAAP to GAAP Reconcilement

Appendix

In millions, for the three months ended

Pretax

Net income

Reported net income (loss)

($246)

National City conforming provision for credit losses

$504

328

Net income (loss) excluding National City conforming

provision for credit losses

$82

December 31, 2008

PNC believes that information adjusted for the impact of this item may be useful due to the extent to which the item is not indicative of our ongoing operations.

Nine months ended

March 31, 2009

June 30, 2009

Sept. 30, 2009

June 30, 2009

in millions

Total revenue

$3,871

$3,987

$4,048

$11,906

Noninterest expense

2,328

2,658

2,379

7,365

Pretax pre-provision earnings

$1,543

$1,329

$1,669

$4,541

PNC believes that pretax pre-provision earnings is useful as a tool to help evaluate ability to provide for credit costs through operations.

Three months ended

As of September 30, 2009, in millions

Total PNC

Loans assigned to the

Distressed Assets

Portfolio segment

Total PNC after

reassigning Distressed

Asset Portfolio loans

% of core

PNC loan

portfolio

% of total PNC

loan portfolio

Commercial and equipment leasing

$63,211

$892

$62,319

44%

39%

Commerical real estate

24,064

2,659

21,405

15%

13%

   Total core commercial lending

$83,724

59%

52%

Other consumer

16,505

11

$16,494

12%

10%

Home equity

36,370

6,772

29,598

21%

19%

Residential real estate

20,458

9,348

11,110

8%

7%

   Total core consumer lending

$57,202

41%

36%

     Total core portfolio

$140,926

100%

88%

Distressed

19,682

12%

Total loans

$160,608

$19,682

$160,608

100%

26

Peer Group of Banks

Appendix

The PNC Financial Services Group, Inc.

PNC

BB&T Corporation

BBT

Bank of America Corporation

BAC

Capital One Financial, Inc.

COF

Comerica Inc.

CMA

Fifth Third Bancorp

FITB

JPMorgan Chase

JPM

KeyCorp

KEY

M&T Bank

MTB

Regions Financial Corporation

RF

SunTrust Banks, Inc.

STI

U.S. Bancorp

USB

Wells Fargo & Company

WFC

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