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

September 14, 2010

Date of Report (date of earliest event reported)

THE PNC FINANCIAL SERVICES GROUP, INC.

(exact name of registrant as specified in its charter)

Pennsylvania	Commission File Number	25-1435979
(state or other jurisdiction of incorporation or organization)	001-09718	(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 September 14, 2010, James E. Rohr, Chairman and Chief Executive Officer of The PNC Financial Services Group, Inc. (the “Corporation”), discussed business performance and strategy at the Barclays Capital Global Financial Services Conference in New York. 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: September 14, 2010	By:	/S/     SAMUEL R. PATTERSON
		Samuel R. Patterson
		Senior Vice President and Controller

3

EXHIBIT INDEX

Number	Description	Method of Filing
99.1	Electronic presentation slides and related material for the Barclays Capital Global Financial Services Conference on September 14, 2010	Furnished herewith.

4

EX-99.1

The PNC Financial Services Group, Inc.

Barclays Capital

Global Financial Services Conference

September 14, 2010

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 2009 Form 10-K and 2010 Form

10-Qs, including in the Risk Factors and Risk Management sections of those reports, and in our subsequent 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 will sometimes refer to adjusted results to help illustrate the impact of certain types of items, such as the acceleration

of accretion of the remaining issuance discount on our TARP preferred stock in connection with the first quarter 2010 redemption of such

stock, our fourth quarter 2009 gain related to BlackRock’s acquisition of Barclays Global Investors (the “BLK/BGI gain”), and integration costs

in the 2010 and 2009 periods.  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 respective items on our results for the periods

presented due to the extent to which the items are not indicative of our ongoing operations.

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.

We may also provide information on pretax pre-provision earnings (total revenue less noninterest expense), as we believe that pretax pre-

provision earnings is useful as a tool to help evaluate the ability to provide for credit costs through operations.

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

Today’s Discussion

PNC Continues to Build a Great Company.

PNC Continues to Build a Great Company.

The financial services industry continues to be challenged

PNC is well-positioned to navigate these challenges and

achieve even greater shareholder value

-

Demonstrated execution

-

Growing and deepening customer relationships

-

Investing to grow; disciplined expense management

-

A strong and high quality capital position

4

0

50

100

150

200

250

300

350

Delivering Long-Term Value

Total shareholder return

PNC

Bank

Index

¹

S&P 500

PNC  +192%

Bank

Index

¹

+86%

S&P +124%

1995

1997

1999

2001

2003

2005

2007

2009

Sept 2010

Demonstrated

Execution

(1) SNL Bank and Thrift Index.

5

Footprint covering nearly 1/3 of the U.S.

population

Retail

Corporate & Institutional

A leader in serving middle-market

customers and government entities

One of the largest bank-held asset

managers in the U.S.

Asset Management

Residential Mortgage

One of the nation’s largest mortgage

platforms

PNC’s Strong Franchise

8

th

$262 billion

Assets

U.S.

Rank

¹

June 30, 2010

6,539

2,458

$179 billion

5

th

ATMs

5

th

Branches

6

th

Deposits

(1) Rankings source: SNL DataSource; Headquartered in U.S.

CO

TX

KS

OK

BlackRock

A leader in investment management, risk

management and advisory services worldwide

Demonstrated

Execution

6

PNC’s Higher Quality Balance Sheet

(1) December 31, 2008 is the closing date of our acquisition of National City. (2) Proforma ratio reflects the estimated impact of the sale of PNC

Global Investment Servicing, which closed on July 1, 2010. Further information is provided in the Appendix.

Core funded -

loans to

deposits ratio of 86%

Appropriately reserved

Improved quality and pricing

of deposit base

Asset sensitive –

duration of

equity negative 3.0 years

Higher quality capital

-

Proforma Tier 1 common

ratio

of

9.0%

²

Balance sheet positioning

$291

17  

8  

21  

52

193

24

58

$111

$291

73

175

$43

Dec. 31,

2008

¹

(7) 

14

Other

(7)  

1

Preferred equity

($29)

$262

Total liabilities and equity

(12)

40

Borrowed funds

(14)

10

Other time/savings

(14)

179

Total deposits

11  

28

Common equity

(15)

43

Retail CDs

$15

$126

Transaction deposits

(19)

54

Other assets

(21)

154

Loans

($29)

$262

Total assets

$54

June 30,

2010

$11

Change

Investment securities

(billions)

Demonstrated

Execution

7

1H10 net interest margin

Peer source: SNL DataSource. (1) Net interest margin less (provision/average interest earning assets).

7.10%

4.29%

4.28%

3.98%

3.88%

3.78%

3.57%

3.30%

3.21%

3.16%

3.16%

2.84%

2.80%

COF

PNC

WFC

BBT

USB

MTB

FITB

STI

CMA

JPM

KEY

BAC

RF

1H10

risk

adjusted

net

interest

margin

¹

4.63%

3.15%

2.90%

2.54%

2.20%

2.06%

1.93%

1.91%

1.74%

1.55%

1.14%

1.00%

0.46%

COF

MTB

PNC

WFC

BBT

CMA

JPM

USB

FITB

KEY

STI

BAC

RF

Demonstrated

Execution

A Focus on Risk Adjusted Returns

8

PNC’s Credit Quality Continued to Stabilize

$3.0

$4.2

$5.1

$5.7

$5.8

$5.1

$2.0

$1.8

$1.0

$2.2

$2.5

$1.8

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

Quarter end nonperforming loans

1,2

Loans transferred to nonperforming

status during the quarter

Accruing loans past due

1,3

Nonperforming loans

$2.1

$2.2

$2.4

$2.4

$2.5

$1.9

$0.5

$1.0

$0.9

$0.9

$0.8

$0.6

1Q09

2Q09

3Q09

4Q09

1Q10

2Q10

30-89 Days

90 Days +

Demonstrated

Execution

(1) Loans acquired from National City that were impaired are not included as they were recorded at estimated fair value when acquired and

are currently considered performing loans due to the accretion of interest in purchase accounting. (2) Does not include loans held for sale or

foreclosed and other assets. (3) Excludes loans that are government insured/guaranteed, primarily residential mortgages. 

9

Driven by well-diversified streams

Pretax

Pre-Provision

Earnings

¹

More

Than

Doubled Credit Costs

$7.7

$4.1

$3.6

$1.6

1H10 income statement summary

1H10 noninterest income mix

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

Asset

management

$502

Consumer

services

$611

Corporate

services

$529

Residential

mortgage

$326

Deposit

service

charges

$409

18%

21%

14%

18%

12%

Other

$484

17%

Categories in millions

Total

revenue

Noninterest

expense

Pretax

pre-

provision

earnings

¹

Provision

$1.5

Net

income

$2.9

billion

2.3x

Demonstrated

Execution

10

1H10 sales up 11% vs. 1H09

92% of markets exceeded 1H10 goal

1H10 sales up 11% vs. 1H09

2Q10

sales

up

15%

linked

quarter

70% of markets exceeded 1H10 goal

Sales Momentum Across the Franchise

Corporate

Banking

Wealth

Management

Institutional

Investments

Commercial

Banking

Sales contribution by region

1H10 annualized

Products

Eastern

markets

60%

Western

markets

40%

PNC Has Significant Sales Momentum Across the Franchise

PNC Has Significant Sales Momentum Across the Franchise

Following the Successful Conversion.

Following the Successful Conversion.

Growing

and

Deepening

Relationships

1H10

franchise

sales

up

11%

vs.

1H09

11

Executing on C&IB Cross Sell Opportunities

1H09

1H10

Treasury Management

$560

$600

Revenue

¹

Sales at 120% of

1H10 cross-sell goal

1H09

1H10

Capital Markets

$191

$292

Revenue

¹

(1) Consolidated PNC amounts.

Sales at 125% of

1H10 cross-sell goal

PNC

Has

a

Demonstrated

Ability

to

Cross-Sell

a

Full

Set

of

C&IB

Products and Services.

Growing

and

Deepening

Relationships

12

Growing and Deepening Retail Relationships

Checking relationships per branch

Active Online Bill Pay customers

Numbers at period end. (1) Excludes relationships impacted by required divestitures.

PNC Is Recognized for the Ability to Grow and Deepen Retail

PNC Is Recognized for the Ability to Grow and Deepen Retail

Relationships.

Relationships.

1,963

1,973

2,006

2,046

2,057

2Q09

3Q09

4Q09

1Q10

2Q10

726

753

780

826

870

2Q09

3Q09

4Q09

1Q10

2Q10

2Q10 average

transaction deposits up

$4.8 billion from 2Q09

¹

Net new checking

relationships +59,000

year

over

year

¹

Customer retention in

converted markets

stronger than expected

Branch banking

employee engagement

at all time high across

the franchise

Retail highlights

+5% year over year

+20% year over year

¹

Growing

and

Deepening

Relationships

¹

13

Driving Wealth Management Referrals

Referrals to Wealth Management

PNC

Is

Successfully

Applying

the

Cross

Referral

Process

Across

the

Entire Footprint.

Strong Eastern market referrals

(as a % of goal)

99%

103%

213%

206%

1Q10

2Q10

1Q10

2Q10

From Retail

From C&IB

Improved Western market referrals

(as a % of goal)

37%

95%

112%

389%

1Q10

2Q10

1Q10

2Q10

From Retail

From C&IB

Growing

and

Deepening

Relationships

14

Changes in the Payments Space

132

139

146

32

26

21

23

33

51

2005

2008

2013

Projected

31

45

65

37

49

66

2005

2008

2013

Projected

Sources:  Online Banking Report; McKinsey & Company

Mainstreaming of online payments

Paper decline continues

Debit card

Checks

Cash

Online banking only

Online bill-pay

U.S. Households (millions)

Transactions (billions)

Investing

to Grow;

Disciplined

Expense

Management

+121%

(34%)

+11%

15

PNC -

Investing to Grow

Building out PNC’s Virtual Wallet platform to reach a broader

consumer base over time

Broadening PNC Healthcare Advantage with annual revenue

growth of 15%+ since 2004

Leveraging our deep product strengths such as credit card,

residential mortgage, commercial real estate

Investing in high growth potential markets, enhancing our

talent and delivering the PNC brand

PNC Is Committed to Investing in Our Businesses and in Our

PNC Is Committed to Investing in Our Businesses and in Our

Customers to Deliver Even Greater Shareholder Value.

Customers to Deliver Even Greater Shareholder Value.

Investing

to Grow;

Disciplined

Expense

Management

16

Initial Cost Save Objectives Exceeded –

Established New Target of $1.8 Billion

Highlights

Successfully captured $1.6 billion in

annualized acquisition-related cost

savings through 2Q10, well ahead of our

original target amount and schedule

Established a new goal of $1.8 billion in

annualized acquisition-related cost saves

by the end of 2010

Continued to successfully manage

expense base in 2Q10 while investing for

the future

$800

million

captured

in 2009

$800

million

captured

through

2Q10

PNC acquisition-related cost saves

annualized

2009

1H10

New goal

4Q10

$1.8 billion

$1.6 billion

Investing

to Grow;

Disciplined

Expense

Management

17

Well Positioned Capital Level and Structure

June 30, 2010 Tier 1 common ratio

PNC highlights

6.2%

6.8%

7.2%

7.4%

7.5%

7.7%

7.9%

8.3%

8.9%

9.0%

9.6%

9.8%

8.0%

8.0%

MTB

COF

FITB

USB

WFC

RF

STI

BAC

KEY

PNC

BBT

PNC

JPM

CMA

Improved quality of

capital

-

Common as a % of Tier 1

capital

²

increased to

78%

¹

from

50%

in

2Q09

Capital priorities

-

Maintain strong capital

levels

-

Support our clients

-

Invest in our businesses

-

Return capital to

shareholders when

appropriate

A Strong and

High Quality

Capital

Position

Ratios as of quarter end. Source: Company reports, MTB and COF are estimated.(1) Proforma ratio reflects the estimated impact of

the sale of PNC Global Investment Servicing, which closed on July 1, 2010. Further information is provided in the Appendix. (2) Tier 1

risk-based capital ratio was 10.5% and Tier 1 common capital ratio was 5.3% as of 2Q09. Tier 1 risk-based capital ratio as of 2Q10

was 10.7%.

18

Summary

PNC Continues to Build a Great Company.

PNC Continues to Build a Great Company.

The operating environment for the financial

services industry remains challenging

PNC’s business model and execution have

delivered differentiated results throughout this

cycle

PNC is well positioned to navigate the future

challenges and achieve even greater shareholder

value

19

Cautionary Statement Regarding Forward-Looking

Information

Appendix

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,” “should,” “project,”

“goal” 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 2009 Form 10-K and 2010 Form 10-Qs, including in the Risk Factors and Risk Management sections of those reports, and

in our subsequent 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

A slowing or failure of the moderate economic recovery that began last year;

o

Continued effects of the aftermath of recessionary conditions and the uneven spread of the positive impacts of the recovery on the

economy in general and our customers in particular, including adverse impact on loan utilization rates as well as delinquencies, defaults

and customer ability to meet credit obligations;

o

Changes in levels of unemployment; and

o

Changes in customer preferences and behavior, whether as a result of changing business and economic conditions, climate-related

physical changes or legislative and regulatory initiatives, or other factors.

•A continuation of 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.

20

Cautionary Statement Regarding Forward-Looking

Information (continued)

Appendix

•We will be impacted by the extensive reforms enacted in the Dodd-Frank Wall Street Reform and Consumer Protection Act.  Further, as much of

that Act will require the adoption of implementing regulations by a number of different regulatory bodies, the precise nature, extent and timing of

many of these reforms and the impact on us is still uncertain.

•Financial industry restructuring in the current environment could also impact our business and financial performance as a result of changes in the

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

•Our results depend on our ability to manage current elevated levels of impaired assets.

•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 in the second half of 2010 and our view that the moderate economic recovery that began last year will continue throughout the rest of 2010.

•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;

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

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

addition to matters relating to PNC’s business and activities, such matters may also include proceedings, claims, investigations, or inquiries

relating to pre-acquisition business and activities of acquired companies such as National City;

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;

o

Changes resulting from legislative and regulatory initiatives relating to climate change that have or may have a negative impact on our

customers’ demand for or use of our products and services in general and their creditworthiness in particular; and

o

Changes to regulations governing bank capital, including as a result of the so-called “Basel 3” initiatives.

•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.

•Our expansion with our National City acquisition in geographic markets and into business operations in areas in which we did not have significant

experience or presence prior to 2009 presents greater risks and uncertainties than were present for us in other recent acquisitions.

•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. 

21

Cautionary Statement Regarding Forward-Looking

Information (continued)

Appendix

•Our business and operating results can also be affected by widespread 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.

We grow our business in part by acquiring from time to time other financial services companies.  Acquisitions present us with risks in addition to

those presented by the nature of the business acquired.  These include risks and uncertainties related both to the acquisition transactions

themselves and to the integration of the acquired businesses into PNC after closing.

Acquisitions may be substantially more expensive to complete (including unanticipated costs incurred in connection with the integration of the

acquired company) and the anticipated benefits (including anticipated cost savings and strategic gains) may be significantly harder or take longer to

achieve than expected.  Acquisitions may involve our entry into new businesses or new geographic or other markets, and these situations also

present risks resulting from our inexperience in those new areas.

As a regulated financial institution, our pursuit of attractive acquisition opportunities could be negatively impacted due to regulatory delays or other

regulatory issues.  Regulatory and/or legal issues relating to the pre-acquisition operations of an acquired business may cause reputational harm to

PNC following the acquisition and integration of the acquired business into ours and may result in additional future costs or regulatory limitations

arising as a result of those issues.

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.

22

Impact of Sale of PNC Global Investment Servicing

1

1.1

Net intangible assets

1.3

Goodwill and other intangible assets

Elimination of net intangible assets:

Less:

(1.7)

Book equity / intercompany debt

(billions)

$1.4

(0.2)

0.3

(0.3)

0.6

$2.3

Estimated PNC tangible capital improvement

Eligible deferred income taxes on goodwill

and other intangible assets

After-tax gain

Income taxes

Pretax gain

Sales price

Estimated gain and capital enhancement

Appendix

(1) The transaction closed on July 1, 2010.

23

Risk-Based Capital Ratios

9.7%

4.8%

Ratios

as

of

December

31,

2008

²

1.4

1.4

Net

impact

of

July

1,

2010

sale

of

GIS

¹

11.3%

9.0%

Proforma ratios as of June 30, 2010

$24.7

$19.6

Proforma

10.7%

8.3%

Ratios as of June 30, 2010

$18.2

Tier 1 common

$23.3

June 30, 2010 -

Capital

Tier 1 risk-based

$ in billions

Appendix

(1) The sale of PNC Global Investment Servicing (“GIS”) closed on July 1, 2010. We believe that the disclosure of these ratios reflecting

the impact of the sale of GIS provides additional meaningful information regarding the risk-based capital ratios at that date and the

impact of this event on these ratios. (2) December 31, 2008 is the closing date of our acquisition of National City.

24

Non-GAAP to GAAP Reconcilement

Appendix

In millions except per share data

Adjustments,

pretax

Income taxes

Net income

Net income

attributable to

common shareholders

Diluted EPS from

net income

Net income and diluted EPS, as reported

$803

$786

$1.47

Adjustments:

Integration costs

$100

($35)

65

65

.13

Net income and diluted EPS, as adjusted

$868

$851

$1.60

In millions except per share data

Adjustments,

pretax

Income taxes

(benefit)

¹

Net income

Net income

attributable to

common shareholders

Diluted EPS from

net income

Net income and diluted EPS, as reported

$671

$333

$.66

Adjustments:

Integration costs

$113

($40)

73

73

.15

250

.50

Net income and diluted EPS, as adjusted

$744

$656

$1.31

In millions except per share data

Adjustments,

pretax

Income taxes

Net income

Net income

attributable to

common shareholders

Diluted EPS from

net income

Net income and diluted EPS, as reported

$207

$65

$.14

Adjustments:

Integration costs

$125

($34)

91

91

.20

Net income and diluted EPS, as adjusted

$298

$156

$.34

For the three months ended June 30, 2009

(1) Calculated using a marginal federal income tax rate of 35% and includes applicable income tax adjustments.

(2) Represents accelerated accretion of the remaining issuance discount on redemption of the TARP preferred stock in February 2010.

For the three months ended March 31, 2010

For the three months ended June 30, 2010

(benefit)

¹

(benefit)

¹

TARP

preferred

stock

accelerated

discount

accretion

²

PNC believes that information adjusted for the impact of certain items may be useful due to the extent to which the items are not indicative of our ongoing operations.

25

Non-GAAP to GAAP Reconcilement

Appendix

In millions except per share data

Adjustments,

pretax

Income taxes

(benefit)

¹

Net income

Net income

attributable to

common shareholders

Diluted EPS from

net income

Net income and diluted EPS, as reported

$1,474

$1,119

$2.15

Adjustments:

Integration costs

$213

($75)

138

138

.27

TARP

preferred

stock

accelerated

discount

accretion

²

250

.49

Net income and diluted EPS, as adjusted

$1,612

$1,507

$2.91

In millions except per share data

Adjustments,

pretax

Income taxes

(benefit)

¹

Net income

Net income

attributable to

common shareholders

Diluted EPS from

net income

Net income and diluted EPS, as reported

$737

$525

$1.16

Adjustments:

Integration costs

$177

($52)

125

125

.28

Net income and diluted EPS, as adjusted

$862

$650

$1.44

For the six months ended June 30, 2009

(1) Calculated using a marginal federal income tax rate of 35% and includes applicable income tax adjustments.

(2) Represents accelerated accretion of the remaining issuance discount on redemption of the TARP preferred stock in February 2010.

For the six months ended June 30, 2010

PNC believes that information adjusted for the impact of certain items may be useful due to the extent to which the items are not indicative of our ongoing operations.

26

Non-GAAP to GAAP Reconcilement

Appendix

Three months ended

Six months ended

Three months ended

June 30, 2010

March 31, 2010

June 30, 2010

June 30, 2009

In millions except ratio and per share data

Total revenue

$3,912

$3,763

$7,675

$3,803

Noninterest expense

2,002

2,113

4,115

2,492

Pretax pre-provision earnings

$1,910

$1,650

$3,560

$1,311

Provision

$823

$751

$1,574

$1,087

Excess of pretax pre-provision earnings over provision

$1,087

$899

$1,986

$224

Pretax pre-provision earnings/provision

2.32

2.20

2.26

1.21

Average common shares outstanding

527

500

514

453

Pretax pre-provision earnings/avg common shares

$3.62

$3.30

$6.93

$2.89

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

In millions except per share data

Adjustments,

pretax

Income taxes

(benefit)

¹

Net income

Net income

attributable to

common shareholders

Diluted EPS from

net income

Net income and diluted EPS, as reported

$1,107

$1,011

$2.17

Adjustments:

Gain on BlackRock/BGI transaction

($1,076)

$389

(687)

(687)

(1.49)

Integration costs

155

(54)

101

101

.22

Net income and diluted EPS, as adjusted

$521

$425

$.90

For the three months ended December 31, 2009

PNC believes that information adjusted for the impact of certain items may be useful due to the extent to which the items are not indicative of our ongoing operations.

(1) Calculated using a marginal federal income tax rate of 35%.  The after-tax gain on the BlackRock/BGI transaction also reflects the impact of state income taxes.

27

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 & Co.

WFC

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