PNC Financial Services : Financial Supplement Q2 2026

About this update from Pnc Financial Services Group, Inc. (the)

‌THE PNC FINANCIAL SERVICES GROUP, INC. FINANCIAL SUPPLEMENT SECOND QUARTER 2026 (Unaudited) ‌THE PNC FINANCIAL SERVICES GROUP, INC. FINANCIAL SUPPLEMENT Consolidated Results: Page SECOND QUARTER 2026 (UNAUDITED) Balance Sheet 2 Income Statement 1 Details of Net Interest Margin 4 Average Balance Sheet 3 Allowance for Credit Losses 6 -7 Loans 5 Accruing Loans Past Due 9 -10 Nonperforming Assets 8 Period End Employees 11 Business Segment Results: Descriptions 11 Retail Banking 13 -14 Net Income and Revenue 12 Corporate & Institutional Banking 15 -16 Asset Management Group 17 Glossary of Terms 18 -19 The information contained in this Financial Supplement is preliminary, unaudited and based on data available on July 15, 2026. This information speaks only as of the particular date or dates included in the schedules. We do not undertake any obligation to, and disclaim any duty to, correct or update any of the information provided in this Financial Supplement. Our future financial performance is subject to risks and uncertainties as described in our United States Securities and Exchange Commission (SEC) filings. BUSINESS PNC is one of the largest diversified financial services companies in the United States (U.S.) and is headquartered in Pittsburgh, Pennsylvania. PNC has businesses engaged in retail banking, corporate and institutional banking and asset management, providing many of its products and services nationally. PNC's retail branch network is located coast-to-coast. PNC also has strategic international offices in four countries outside the U.S. ACQUISITION OF FIRSTBANK HOLDING COMPANY On January 5, 2026, PNC completed its acquisition of FirstBank Holding Company, including its banking subsidiary FirstBank. At close, FirstBank had $26 billion of assets, $16 billion of loans and $23 billion of deposits. Effective January 5, 2026, FirstBank's financial results are included in PNC's consolidated operations. As of June 22, 2026, PNC converted approximately 780,000 customers, more than 1,600 employees and 95 branches across Colorado and Arizona, merging FirstBank into PNC Bank. Our first quarter 2026 Form 10-Q included additional information on this acquisition. THE PNC FINANCIAL SERVICES GROUP, INC. Cross Reference Index to Second Quarter 2026 Financial Supplement (Unaudited) Financial Supplement Table Reference Table Description Page Consolidated Income Statement 1 Consolidated Balance Sheet 2 Average Consolidated Balance Sheet 3 Details of Net Interest Margin 4 Details of Loans 5 Change in Allowance for Loan and Lease Losses 6 Components of the Provision for Credit Losses 7 Allowance for Credit Losses by Loan Class 7 Nonperforming Assets by Type 8 Change in Nonperforming Assets 8 Accruing Loans Past Due 30 to 59 Days 9 Accruing Loans Past Due 60 to 89 Days 9 Accruing Loans Past Due 90 Days or More 10 Period End Employees 11 Summary of Business Segment Net Income and Revenue 12 Retail Banking 13 -14 Corporate & Institutional Banking 15 -16 Asset Management Group 17 ‌In millions, except per share data‌‌ June 30 2026 Three months ended March 31 December 31 September 30 2026 2025 2025 June 30 2025 Six months ended June 30 2026 June 30 2025 Interest Income Loans $ 4,986 $ 4,792 $ 4,640 $ 4,751 $ 4,609 $ 9,778 $ 9,081 Investment securities 1,263 1,202 1,188 1,211 1,151 2,465 2,275 Other 445 450 552 565 510 895 1,044 Total interest income 6,694 6,444 6,380 6,527 6,270 13,138 12,400 Interest Expense Deposits 1,682 1,735 1,864 1,980 1,845 3,417 3,653 Borrowed funds 905 748 785 899 870 1,653 1,716 Total interest expense 2,587 2,483 2,649 2,879 2,715 5,070 5,369 Net interest income 4,107 3,961 3,731 3,648 3,555 8,068 7,031 Noninterest Income Asset management and brokerage 440 420 411 404 391 860 782 Capital markets and advisory 577 463 489 432 321 1,040 627 Card and cash management 772 738 733 737 737 1,510 1,429 Lending and deposit services 346 340 342 335 317 686 633 Residential and commercial mortgage 144 118 148 161 128 262 262 Other income Gain on Visa shares exchange program 448 - - - - 448 - Securities gains (losses) (139) 28 (7) - - (111) (2) Other (a) 180 97 224 198 212 277 351 Total other income 489 125 217 198 212 614 349 Total noninterest income 2,768 2,204 2,340 2,267 2,106 4,972 4,082 Total revenue 6,875 6,165 6,071 5,915 5,661 13,040 11,113 Provision For Credit Losses 191 210 139 167 254 401 473 Noninterest Expense Personnel 2,273 2,106 2,033 1,970 1,889 4,379 3,779 Occupancy 252 262 247 235 235 514 480 Equipment 435 415 412 416 394 850 778 Marketing 110 87 101 93 99 197 184 Other 1,028 898 810 747 766 1,926 1,549 Total noninterest expense 4,098 3,768 3,603 3,461 3,383 7,866 6,770 Income before income taxes and noncontrolling interests 2,586 2,187 2,329 2,287 2,024 4,773 3,870 Income taxes 531 415 296 465 381 946 728 Net income 2,055 1,772 2,033 1,822 1,643 3,827 3,142 Less: Net income attributable to noncontrolling interests 15 12 13 14 16 27 34 Preferred stock dividends (b) 85 73 83 71 83 158 154 Preferred stock discount accretion and redemptions 2 1 3 2 2 3 4 Net income attributable to common shareholders $ 1,953 $ 1,686 $ 1,934 $ 1,735 $ 1,542 $ 3,639 $ 2,950 Earnings Per Common Share Basic $ 4.82 $ 4.13 $ 4.88 $ 4.36 $ 3.86 $ 8.95 $ 7.37 Diluted $ 4.81 $ 4.13 $ 4.88 $ 4.35 $ 3.85 $ 8.94 $ 7.37 Average Common Shares Outstanding Basic 403 405 394 396 397 404 398 Diluted 403 405 394 396 397 404 398 Efficiency 60 % 61 % 59 % 59 % 60 % 60 % 61 % Noninterest income to total revenue 40 % 36 % 39 % 38 % 37 % 38 % 37 % Effective tax rate (c) 20.5 % 19.0 % 12.7 % 20.3 % 18.8 % 19.8 % 18.8 % Includes Visa derivative fair value adjustments of $(85) million, $(32) million, $(41) million, $(35) million and $2 million for the quarters ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025 and June 30, 2025 and $(117) million and $(38) million for the six months ended June 30, 2026 and June 30, 2025, respectively. These adjustments are primarily related to escrow funding and the extension of anticipated litigation resolution timing. Dividends are payable quarterly, other than Series S preferred stock, which is payable semiannually. 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. ‌June 30‌ March 31 December 31 September 30 June 30 In millions, except par value 2026 2026 2025 2025 2025 Assets Cash and due from banks $ 5,951 $ 5,646 $ 6,777 $ 5,553 $ 5,939 Interest-earning deposits with banks (a) 22,794 26,053 32,936 33,318 24,455 Loans held for sale (b) 1,522 1,332 1,939 1,104 1,837 Investment securities - available-for-sale 71,100 71,072 68,135 68,297 67,136 Investment securities - held-to-maturity 78,406 72,040 70,105 73,226 75,212 Loans (b) 367,953 360,923 331,481 326,616 326,340 Allowance for loan and lease losses (4,652) (4,663) (4,410) (4,478) (4,523) Net loans 363,301 356,260 327,071 322,138 321,817 Equity investments 11,735 10,512 10,790 9,972 9,755 Mortgage servicing rights 3,801 3,816 3,659 3,627 3,467 Goodwill 13,317 13,282 10,959 10,962 10,932 Other (b) 44,107 43,015 41,201 40,570 38,557 Total assets $ 616,034 $ 603,028 $ 573,572 $ 568,767 $ 559,107 Liabilities Deposits Noninterest-bearing $ 99,356 $ 99,297 $ 91,748 $ 91,207 $ 93,253 Interest-bearing (b) 350,436 358,351 349,118 341,542 333,443 Total deposits 449,792 457,648 440,866 432,749 426,696 Borrowed funds Federal Home Loan Bank advances 40,416 21,417 13,000 16,100 18,000 Senior debt 38,144 38,021 38,642 38,695 35,750 Subordinated debt 4,396 4,502 3,016 3,512 3,490 Other (b) 2,767 2,726 2,443 4,037 3,184 Total borrowed funds 85,723 66,666 57,101 62,344 60,424 Allowance for unfunded lending related commitments 809 832 818 775 759 Accrued expenses and other liabilities (b) 15,649 14,206 14,151 13,861 13,573 Total liabilities 551,973 539,352 512,936 509,729 501,452 Equity Preferred stock (c) - - - - - Common stock - $5 par value Authorized 800,000,000 shares, issued 557,291,838; 557,213,012; 543,497,966; 543,412,079 and 543,412,101 shares 2,786 2,786 2,717 2,717 2,717 Capital surplus 21,999 21,926 18,922 18,859 18,809 Retained earnings 65,518 64,256 63,266 62,008 60,951 Accumulated other comprehensive income (loss) (4,120) (3,773) (3,408) (4,077) (4,682) Common stock held in treasury at cost: 157,826,113; 155,167,491; 153,084,091; 151,030,533 and 149,426,326 shares (22,175) (21,568) (20,912) (20,517) (20,188) Total shareholders' equity 64,008 63,627 60,585 58,990 57,607 Noncontrolling interests 53 49 51 48 48 Total equity 64,061 63,676 60,636 59,038 57,655 Total liabilities and equity $ 616,034 $ 603,028 $ 573,572 $ 568,767 $ 559,107 Amounts include balances held with the Federal Reserve Bank of $22.2 billion, $25.3 billion, $32.0 billion, $32.7 billion and $23.9 billion as of June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025 and June 30, 2025, respectively. Amounts include assets and liabilities for which PNC has elected the fair value option. Our first quarter 2026 Form 10-Q included, and our second quarter 2026 Form 10-Q will include, additional information regarding these items. Par value less than $0.5 million at each date. ‌Three months ended‌ Six months ended In millions June 30 March 31 2026 2026 December 31 2025 September 30 2025 June 30 2025 June 30 2026 June 30 2025 Assets Interest-earning assets: Investment securities Securities available-for-sale Residential mortgage-backed $ 37,333 $ 34,652 $ 33,564 $ 34,752 $ 34,567 $ 36,000 $ 34,182 U.S. Treasury and government agencies 27,972 28,491 28,119 26,799 25,372 28,230 24,880 Other 8,407 8,505 8,202 8,293 7,818 8,456 7,663 Total securities available-for-sale 73,712 71,648 69,885 69,844 67,757 72,686 66,725 Securities held-to-maturity Residential mortgage-backed 46,512 45,078 42,925 42,667 40,440 45,799 40,243 U.S. Treasury and government agencies 18,687 20,683 23,426 25,540 26,900 19,679 27,910 Other 8,188 7,117 5,983 6,384 6,838 7,656 7,180 Total securities held-to-maturity 73,387 72,878 72,334 74,591 74,178 73,134 75,333 Total investment securities 147,099 144,526 142,219 144,435 141,935 145,820 142,058 Loans Commercial and industrial 223,711 211,358 198,726 195,903 191,526 217,569 187,796 Commercial real estate 35,057 34,367 30,173 30,850 31,838 34,714 32,450 Consumer 55,334 55,483 54,884 54,238 53,851 55,408 53,637 Residential real estate 49,094 49,675 44,146 44,941 45,539 49,383 45,823 Total loans 363,196 350,883 327,929 325,932 322,754 357,074 319,706 Interest-earning deposits with banks (c) 30,734 32,612 32,009 35,003 31,570 31,668 33,209 Other interest-earning assets 13,985 12,457 18,618 12,759 11,348 13,238 10,750 Total interest-earning assets 555,014 540,478 520,775 518,129 507,607 547,800 505,723 Noninterest-earning assets 61,256 60,984 55,071 53,404 54,079 61,122 53,323 Total assets $ 616,270 $ 601,462 $ 575,846 $ 571,533 $ 561,686 $ 608,922 $ 559,046 Liabilities and Equity Interest-bearing liabilities: Interest-bearing deposits Money market $ 81,402 $ 85,196 $ 78,742 $ 75,890 $ 70,909 $ 83,288 $ 71,980 Demand 136,487 137,558 132,591 128,962 126,222 137,020 125,637 Savings 102,624 100,940 97,188 96,627 97,028 101,787 97,217 Time deposits 33,027 35,579 36,180 37,593 35,674 34,295 34,227 Total interest-bearing deposits 353,540 359,273 344,701 339,072 329,833 356,390 329,061 Borrowed funds Federal Home Loan Bank advances 29,362 16,616 14,671 17,615 18,319 23,024 19,007 Senior debt 38,184 37,383 38,623 38,012 36,142 37,786 35,541 Subordinated debt 4,544 4,200 3,299 3,616 3,686 4,373 4,001 Other 6,843 4,675 3,722 7,070 7,146 5,766 6,352 Total borrowed funds 78,933 62,874 60,315 66,313 65,293 70,949 64,901 Total interest-bearing liabilities 432,473 422,147 405,016 405,385 395,126 427,339 393,962 Noninterest-bearing liabilities and equity: Noninterest-bearing deposits 103,479 99,081 94,834 92,756 93,142 101,292 92,757 Accrued expenses and other liabilities 16,848 16,944 16,646 15,624 16,942 16,909 16,580 Equity 63,470 63,290 59,350 57,768 56,476 63,382 55,747 Total liabilities and equity $ 616,270 $ 601,462 $ 575,846 $ 571,533 $ 561,686 $ 608,922 $ 559,046 Calculated using average daily balances. Nonaccrual loans are included in loans, net of unearned income. The impact of financial derivatives used in interest rate risk management is included in the interest income/ expense and average yields/rates of the related assets and liabilities. Fair value adjustments related to hedged items are included in noninterest-earning assets and noninterest-bearing liabilities. Average balances of securities are based on amortized historical cost (excluding adjustments to fair value, which are included in other assets). Amounts include average balances held with the Federal Reserve Bank of $29.9 billion, $31.8 billion, $31.3 billion, $34.2 billion and $30.8 billion for the three months ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025 and June 30, 2025 and $30.8 billion and $32.5 billion for the six months ended June 30, 2026 and 2025, respectively. ‌Table 4: Details of Net Interest Margin (Unaudited)‌ Three months ended Six months ended June 30 2026 March 31 2026 December 31 2025 September 30 2025 June 30 2025 June 30 2026 June 30 2025 Average yields/rates (a) Yield on interest-earning assets Investment securities Securities available-for-sale Residential mortgage-backed 3.85 % 3.72 % 3.80 % 3.82 % 3.76 % 3.78 % 3.72 % U.S. Treasury and government agencies 3.94 % 4.04 % 4.29 % 4.58 % 4.55 % 3.99 % 4.56 % Other 4.01 % 4.00 % 3.97 % 3.91 % 3.69 % 4.00 % 3.67 % Total securities available-for-sale 3.90 % 3.88 % 4.02 % 4.12 % 4.05 % 3.89 % 4.03 % Securities held-to-maturity Residential mortgage-backed 3.31 % 3.20 % 3.13 % 3.07 % 2.90 % 3.26 % 2.87 % U.S. Treasury and government agencies 1.64 % 1.59 % 1.50 % 1.51 % 1.53 % 1.61 % 1.52 % Other 4.36 % 4.23 % 4.28 % 4.35 % 4.34 % 4.30 % 4.37 % Total securities held-to-maturity 3.00 % 2.84 % 2.70 % 2.65 % 2.54 % 2.92 % 2.51 % Total investment securities 3.45 % 3.36 % 3.35 % 3.36 % 3.26 % 3.41 % 3.22 % Loans Commercial and industrial 5.39 % 5.43 % 5.55 % 5.78 % 5.72 % 5.41 % 5.71 % Commercial real estate 5.71 % 5.79 % 5.92 % 6.06 % 6.01 % 5.75 % 5.97 % Consumer 6.94 % 6.99 % 7.09 % 7.18 % 7.11 % 6.97 % 7.12 % Residential real estate 4.03 % 3.97 % 3.74 % 3.75 % 3.76 % 4.00 % 3.77 % Total loans 5.47 % 5.50 % 5.60 % 5.76 % 5.70 % 5.49 % 5.70 % Interest-earning deposits with banks 3.63 % 3.64 % 3.92 % 4.34 % 4.38 % 3.63 % 4.38 % Other interest-earning assets 4.69 % 4.95 % 4.95 % 5.51 % 5.66 % 4.80 % 5.83 % Total yield on interest-earning assets 4.82 % 4.80 % 4.86 % 4.99 % 4.93 % 4.81 % 4.92 % Rate on interest-bearing liabilities Interest-bearing deposits Money market 2.51 % 2.53 % 2.77 % 3.07 % 3.01 % 2.52 % 3.00 % Demand 1.60 % 1.61 % 1.78 % 1.96 % 1.89 % 1.61 % 1.88 % Savings 1.48 % 1.49 % 1.62 % 1.68 % 1.63 % 1.48 % 1.64 % Time deposits 3.03 % 3.26 % 3.53 % 3.67 % 3.64 % 3.15 % 3.66 % Total interest-bearing deposits 1.91 % 1.96 % 2.14 % 2.32 % 2.24 % 1.93 % 2.24 % Borrowed funds Federal Home Loan Bank advances 3.89 % 3.98 % 4.41 % 4.73 % 4.74 % 3.93 % 4.74 % Senior debt 5.10 % 5.14 % 5.55 % 5.85 % 5.77 % 5.12 % 5.71 % Subordinated debt 5.16 % 5.12 % 5.52 % 5.81 % 5.69 % 5.14 % 5.61 % Other 4.08 % 4.14 % 4.02 % 4.19 % 4.24 % 4.10 % 4.30 % Total borrowed funds 4.57 % 4.76 % 5.18 % 5.38 % 5.31 % 4.65 % 5.28 % Total rate on interest-bearing liabilities 2.39 % 2.37 % 2.59 % 2.81 % 2.74 % 2.38 % 2.73 % Interest rate spread 2.43 % 2.43 % 2.27 % 2.18 % 2.19 % 2.43 % 2.19 % Benefit from use of noninterest-bearing sources (b) 0.53 % 0.52 % 0.57 % 0.61 % 0.61 % 0.53 % 0.60 % Net interest margin 2.96 % 2.95 % 2.84 % 2.79 % 2.80 % 2.96 % 2.79 % 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, 2026, March 31, 2026, December 31, 2025, September 30, 2025 and June 30, 2025 were $27 million, $29 million, $31 million, $30 million and $28 million, respectively. The taxable-equivalent adjustments to net interest income for both the six months ended June 30, 2026 and 2025 were $56 million. Represents the positive effects of investing noninterest-bearing sources in interest-earning assets. ‌June 30 March 31 December 31 September 30 June 30‌ In millions 2026 2026 2025 2025 2025 Commercial Commercial and industrial Financial services $ 44,297 $ 42,224 $ 37,592 $ 33,939 $ 32,378 Manufacturing 35,114 34,977 30,623 31,044 31,958 Service providers 27,756 27,303 25,552 25,159 24,373 Wholesale trade 22,713 21,146 19,843 19,917 20,045 Real estate related (a) 17,994 17,138 15,275 15,405 15,214 Retail trade 13,375 12,973 12,073 12,408 12,970 Technology, media and telecommunications 12,682 13,613 12,324 11,594 11,263 Transportation and warehousing 9,893 9,872 9,258 8,156 7,865 Rental and leasing 9,696 9,281 9,074 8,940 8,919 Health care 9,536 9,526 9,135 9,851 9,873 Other industries 24,859 23,137 22,149 20,681 20,900 Total commercial and industrial 227,915 221,190 202,898 197,094 195,758 Commercial real estate 35,962 34,770 29,565 30,281 31,250 Total commercial 263,877 255,960 232,463 227,375 227,008 Consumer Residential real estate 48,709 49,567 43,760 44,637 45,257 Home equity 26,280 26,223 25,941 25,942 25,928 Automobile 15,872 16,325 16,591 16,272 15,892 Credit card 7,311 7,069 7,014 6,636 6,570 Other consumer 5,904 5,779 5,712 5,754 5,685 Total consumer 104,076 104,963 99,018 99,241 99,332 Total loans $ 367,953 $ 360,923 $ 331,481 $ 326,616 $ 326,340 Represents loans to customers in the real estate and construction industries. ‌Table 6: Change in Allowance for Loan and Lease Losses‌ Dollars in millions Allowance for loan and lease losses Three months ended June 30 March 31 December 31 September 30 June 30 2026 2026 2025 2025 2025 Six months ended June 30 2026 June 30 2025 Beginning balance $ 4,663 $ 4,410 $ 4,478 $ 4,523 $ 4,544 $ 4,410 $ 4,486 Acquisition PCD reserves - 93 - - - 93 - Acquisition PSL reserves (a) - 229 - - - 229 - Adjusted beginning balance 4,663 4,732 4,478 4,523 4,544 4,732 4,486 Gross charge-offs: Commercial and industrial (141) (129) (85) (97) (99) (270) (212) Commercial real estate (24) (19) (15) (19) (64) (43) (82) Residential real estate - (1) - (6) - (1) (2) Home equity (10) (10) (7) (10) (9) (20) (18) Automobile (29) (31) (33) (32) (30) (60) (65) Credit card (78) (74) (73) (76) (81) (152) (171) Other consumer (42) (45) (43) (44) (41) (87) (86) Acquired loans (b) - (45) - - - (45) - Total gross charge-offs (324) (354) (256) (284) (324) (678) (636) Recoveries: Commercial and industrial 33 33 33 38 53 66 95 Commercial real estate 3 5 3 6 8 8 13 Residential real estate 2 2 3 3 3 4 5 Home equity 7 8 8 7 12 15 20 Automobile 21 20 22 25 24 41 47 Credit card 19 20 15 17 15 39 30 Other consumer 13 13 10 9 11 26 23 Total recoveries 98 101 94 105 126 199 233 Net (charge-offs) / recoveries: Commercial and industrial (108) (96) (52) (59) (46) (204) (117) Commercial real estate (21) (14) (12) (13) (56) (35) (69) Residential real estate 2 1 3 (3) 3 3 3 Home equity (3) (2) 1 (3) 3 (5) 2 Automobile (8) (11) (11) (7) (6) (19) (18) Credit card (59) (54) (58) (59) (66) (113) (141) Other consumer (29) (32) (33) (35) (30) (61) (63) Acquired loans - (45) - - - (45) - Total net (charge-offs) (226) (253) (162) (179) (198) (479) (403) Provision for credit losses (c) 213 188 93 136 171 401 431 Other 2 (4) 1 (2) 6 (2) 9 Ending balance $ 4,652 $ 4,663 $ 4,410 $ 4,478 $ 4,523 $ 4,652 $ 4,523 Supplemental Information Net charge-offs Commercial net charge-offs $ (129) $ (120) $ (64) $ (72) $ (102) $ (249) $ (186) Consumer net charge-offs (97) (133) (98) (107) (96) (230) (217) Total net charge-offs (226) (253) (162) (179) (198) (479) (403) Net charge-offs to average loans (annualized) 0.25 % 0.29 % 0.20 % 0.22 % 0.25 % 0.25 % 0.25 % Commercial 0.20 % 0.18 % 0.11 % 0.13 % 0.18 % 0.19 % 0.17 % Consumer 0.37 % 0.38 % 0.39 % 0.43 % 0.39 % 0.38 % 0.44 % On January 1, 2026, we adopted ASU 2025-08 - Financial Instruments - Credit Losses (Topic 326): Purchased Loans, and established the initial ACL for purchased seasoned loans (PSLs). Our second quarter 2026 Form 10-Q will include additional information on the adoption of this ASU. Primarily represents the charge-off of certain loans previously charged off by FirstBank, which were written up upon acquisition to unpaid principal balance as required by purchase accounting. See Table 7 for the components of the Provision for credit losses being reported on the Consolidated Income Statement. ‌Allowance for Credit Losses (Unaudited) (Continued)‌ Table 7: Components of the Provision for Credit Losses In millions Provision for credit losses Three months ended June 30 March 31 December 31 September 30 June 30 2026 2026 2025 2025 2025 Six months ended June 30 2026 June 30 2025 Loans and leases $ 213 $ 188 $ 93 $ 136 $ 171 $ 401 $ 431 Unfunded lending related commitments (20) 14 43 16 84 (6) 38 Investment securities (1) - - (1) (1) (1) 2 Other financial assets (1) 8 3 16 - 7 2 Total provision for credit losses $ 191 $ 210 $ 139 $ 167 $ 254 $ 401 $ 473 ‌Table 8: Allowance for Credit Losses by Loan Class (a)‌ June 30, 2026 March 31, 2026 June 30, 2025 Allowance % of Total Allowance % of Total Allowance % of Total Dollars in millions Amount Total Loans Loans Amount Total Loans Loans Amount Total Loans Loans Allowance for loan and lease losses Commercial Commercial and industrial $ 2,219 $ 227,915 0.97 % $ 2,149 $ 221,190 0.97 % $ 1,948 $ 195,758 1.00 % Commercial real estate 1,035 35,962 2.88 % 1,120 34,770 3.22 % 1,282 31,250 4.10 % Total commercial 3,254 263,877 1.23 % 3,269 255,960 1.28 % 3,230 227,008 1.42 % Consumer Residential real estate 90 48,709 0.18 % 92 49,567 0.19 % 52 45,257 0.11 % Home equity 280 26,280 1.07 % 275 26,223 1.05 % 292 25,928 1.13 % Automobile 160 15,872 1.01 % 163 16,325 1.00 % 151 15,892 0.95 % Credit card 647 7,311 8.85 % 647 7,069 9.15 % 579 6,570 8.81 % Other consumer 221 5,904 3.74 % 217 5,779 3.75 % 219 5,685 3.85 % Total consumer 1,398 104,076 1.34 % 1,394 104,963 1.33 % 1,293 99,332 1.30 % Total 4,652 $ 367,953 1.26 % 4,663 $ 360,923 1.29 % 4,523 $ 326,340 1.39 % Allowance for unfunded lending related commitments 809 832 759 Allowance for credit losses $ 5,461 $ 5,495 $ 5,282 Supplemental Information Allowance for credit losses to total loans 1.48 % 1.52 % 1.62 % Commercial 1.49 % 1.55 % 1.69 % Consumer 1.48 % 1.46 % 1.45 % Excludes allowances for investment securities and other financial assets, which together totaled $99 million, $103 million and $88 million at June 30, 2026, March 31, 2026 and June 30, 2025, respectively. ‌Details of Nonperforming Assets (Unaudited)‌ Table 9: Nonperforming Assets by Type June 30 March 31 December 31 September 30 June 30 Dollars in millions 2026 2026 2025 2025 2025 Nonperforming loans Commercial Commercial and industrial Manufacturing $ 186 $ 224 $ 98 $ 75 $ 73 Service providers 131 136 116 119 126 Wholesale trade 106 97 161 96 19 Transportation and warehousing 83 71 62 68 68 Real estate related (a) 50 25 27 20 24 Health care 47 42 47 45 54 Technology, media and telecommunications 41 25 27 83 31 Retail trade 14 79 194 36 64 Rental and leasing 4 5 6 13 16 Other industries 23 46 46 64 23 Total commercial and industrial 685 750 784 619 498 Commercial real estate 464 630 574 663 753 Total commercial 1,149 1,380 1,358 1,282 1,251 Consumer (b) Residential real estate 325 316 320 326 325 Home equity 456 447 439 431 436 Automobile 82 85 83 82 80 Credit card 11 12 13 13 13 Other consumer 4 3 5 3 3 Total consumer 878 863 860 855 857 Total nonperforming loans (c) 2,027 2,243 2,218 2,137 2,108 OREO, foreclosed and other assets (d) 123 139 143 162 33 Total nonperforming assets $ 2,150 $ 2,382 $ 2,361 $ 2,299 $ 2,141 Nonperforming loans to total loans 0.55 % 0.62 % 0.67 % 0.65 % 0.65 % Nonperforming assets to total loans, OREO, foreclosed and other assets (d) 0.58 % 0.66 % 0.71 % 0.70 % 0.66 % Nonperforming assets to total assets 0.35 % 0.40 % 0.41 % 0.40 % 0.38 % Allowance for loan and lease losses to nonperforming loans 230 % 208 % 199 % 210 % 215 % Represents loans related to customers in the real estate and construction industries. 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. Nonperforming loans exclude certain government insured or guaranteed loans, loans held for sale and loans accounted for under the fair value option. Amounts include nonaccrual servicing advances primarily to single asset/single borrower trusts with commercial real estate as collateral totaling $90 million, $103 million, $105 million and $127 million at June 30, 2026, March 31, 2026, December 31, 2025 and September 30, 2025, respectively. ‌Table 10: Change in Nonperforming Assets‌ Three months ended June 30 March 31 December 31 September 30 June 30 Dollars in millions 2026 2026 2025 2025 2025 Beginning balance $ 2,382 $ 2,361 $ 2,299 $ 2,141 $ 2,324 New nonperforming assets 335 539 569 653 367 Charge-offs and valuation adjustments (150) (152) (91) (103) (149) Principal activity, including paydowns and payoffs (174) (343) (248) (299) (312) Asset sales and transfers to loans held for sale (68) (9) (33) (13) (5) Returned to performing status (175) (95) (135) (80) (84) Acquired nonperforming assets - 81 - - - Ending balance $ 2,150 $ 2,382 $ 2,361 $ 2,299 $ 2,141 ‌Accruing Loans Past Due (Unaudited)‌ Table 11: Accruing Loans Past Due 30 to 59 Days (a) June 30 March 31 December 31 September 30 June 30 Dollars in millions 2026 2026 2025 2025 2025 Commercial Commercial and industrial $ 123 $ 283 $ 182 $ 161 $ 133 Commercial real estate 7 90 14 9 43 Total commercial 130 373 196 170 176 Consumer Residential real estate Non government insured 305 221 170 166 169 Government insured 67 63 73 79 78 Home equity 65 73 70 73 62 Automobile 59 59 74 70 74 Credit card 37 41 45 45 42 Other consumer 32 33 32 32 34 Total consumer 565 490 464 465 459 Total $ 695 $ 863 $ 660 $ 635 $ 635 Supplemental Information Total accruing loans past due 30-59 days to total loans 0.19 % 0.24 % 0.20 % 0.19 % 0.19 % Commercial 0.05 % 0.15 % 0.08 % 0.07 % 0.08 % Consumer 0.54 % 0.47 % 0.47 % 0.47 % 0.46 % (a) Excludes loans held for sale. ‌Table 12: Accruing Loans Past Due 60 to 89 Days (a)‌ June 30 March 31 December 31 September 30 June 30 Dollars in millions 2026 2026 2025 2025 2025 Commercial Commercial and industrial $ 121 $ 50 $ 103 $ 67 $ 101 Commercial real estate 9 17 98 - 6 Total commercial 130 67 201 67 107 Consumer Residential real estate Non government insured 78 69 57 48 52 Government insured 37 41 44 39 39 Home equity 26 32 30 27 28 Automobile 15 15 18 17 19 Credit card 28 31 32 31 32 Other consumer 24 18 21 22 20 Total consumer 208 206 202 184 190 Total $ 338 $ 273 $ 403 $ 251 $ 297 Supplemental Information Total accruing loans past due 60-89 days to total loans 0.09 % 0.08 % 0.12 % 0.08 % 0.09 % Commercial 0.05 % 0.03 % 0.09 % 0.03 % 0.05 % Consumer 0.20 % 0.20 % 0.20 % 0.19 % 0.19 % Excludes loans held for sale. ‌Table 13: Accruing Loans Past Due 90 Days or More (a)‌ June 30 March 31 December 31 September 30 June 30 Dollars in millions 2026 2026 2025 2025 2025 Commercial Commercial and industrial $ 76 $ 68 $ 57 $ 71 $ 79 Commercial real estate - 1 - 1 - Total commercial 76 69 57 72 79 Consumer Residential real estate Non government insured 42 50 46 38 53 Government insured 188 195 163 126 129 Automobile 4 5 5 4 5 Credit card 56 64 65 63 64 Other consumer 37 39 44 44 41 Total consumer 327 353 323 275 292 Total $ 403 $ 422 $ 380 $ 347 $ 371 Supplemental Information Total accruing loans past due 90 days or more to total loans 0.11 % 0.12 % 0.11 % 0.11 % 0.11 % Commercial 0.03 % 0.03 % 0.02 % 0.03 % 0.03 % Consumer 0.31 % 0.34 % 0.33 % 0.28 % 0.29 % Total accruing loans past due $ 1,436 $ 1,558 $ 1,443 $ 1,233 $ 1,303 Commercial $ 336 $ 509 $ 454 $ 309 $ 362 Consumer $ 1,100 $ 1,049 $ 989 $ 924 $ 941 Total accruing loans past due to total loans 0.39 % 0.43 % 0.44 % 0.38 % 0.40 % Commercial 0.13 % 0.20 % 0.20 % 0.14 % 0.16 % Consumer 1.06 % 1.00 % 1.00 % 0.93 % 0.95 % Excludes loans held for sale. ‌Retail Banking provides deposit, lending, brokerage, insurance services, investment management and cash management products and services to consumer and small business customers who are serviced through our coast-to-coast branch network, digital channels, ATMs, or through our phone-based customer contact centers. Deposit products include checking, savings and money market accounts and time deposits. Lending products include residential mortgages, home equity loans and lines of credit, auto loans, credit cards, personal and small business loans and lines of credit. The residential mortgage loans are directly originated within our branch network and nationwide, and are typically underwritten to agency and/or third-party standards, and either sold, servicing retained or held on our balance sheet. PNC Wealth Management offers brokerage, investment management and cash management products and services which include managed, education, retirement and trust accounts. ‌‌ Corporate & Institutional Banking provides lending, treasury management, capital markets and advisory products and services to mid-sized and large corporations and government and not-for-profit entities. Lending products include secured and unsecured loans, letters of credit and equipment leases. The Treasury Management business provides corporations with cash and investment management services, receivables and disbursement management services, funds transfer services and access to online/mobile information management and reporting services. Capital markets and advisory includes services and activities primarily related to merger and acquisitions advisory, equity capital markets advisory, asset-backed financing, loan syndication, securities underwriting and customer-related trading. We also provide commercial loan servicing and technology solutions for the commercial real estate finance industry. Products and services are provided nationally. Asset Management Group provides private banking for high net worth and ultra high net worth clients and institutional asset management. The Asset Management Group is composed of two operating units: PNC Private Bank provides products and services to emerging affluent, high net worth and ultra high net worth individuals and their families, including investment and retirement planning, customized investment management, credit and cash management solutions, trust management and administration. In addition, multi-generational family planning services are also provided to ultra high net worth individuals and their families, which include estate, financial, tax, fiduciary and customized performance reporting. Institutional Asset Management provides outsourced chief investment officer, custody, cash and fixed income client solutions, and retirement plan fiduciary investment services to institutional clients, including corporations, healthcare systems, insurance companies, municipalities and non-profits. ‌Table 14: Period End Employees‌ June 30 March 31 December 31 September 30 June 30 2026 2026 2025 2025 2025 Full-time employees Retail Banking 26,611 28,046 26,168 26,126 26,291 Other full-time employees 29,093 28,320 27,691 27,397 26,884 Total full-time employees 55,704 56,366 53,859 53,523 53,175 Part-time employees Retail Banking 1,429 1,389 1,427 1,367 1,465 Other part-time employees 495 46 47 48 407 Total part-time employees 1,924 1,435 1,474 1,415 1,872 Total 57,628 57,801 55,333 54,938 55,047 ‌In millions‌ June 30 March 31 December 31 September 30 June 30 2026 2026 2025 2025 2025 June 30 2026 June 30 2025 Net Income (b) Retail Banking $ 1,747 $ 1,349 $ 1,266 $ 1,351 $ 1,386 $ 3,096 $ 2,534 Corporate & Institutional Banking 1,588 1,480 1,597 1,545 1,318 3,068 2,651 Asset Management Group 135 121 124 120 132 256 240 Other (1,430) (1,190) (967) (1,208) (1,209) (2,620) (2,317) Net income excluding noncontrolling interests $ 2,040 $ 1,760 $ 2,020 $ 1,808 $ 1,627 $ 3,800 $ 3,108 Revenue (b) Retail Banking $ 4,518 $ 4,007 $ 3,792 $ 3,840 $ 3,792 $ 8,525 $ 7,371 Corporate & Institutional Banking 3,283 3,086 3,175 3,020 2,836 6,369 5,582 Asset Management Group 462 455 444 433 428 917 849 Other (1,388) (1,383) (1,340) (1,378) (1,395) (2,771) (2,689) Total revenue $ 6,875 $ 6,165 $ 6,071 $ 5,915 $ 5,661 $ 13,040 $ 11,113 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. During the second quarter of 2026, PNC updated its internal funds transfer pricing methodology. The update resulted in impacts to net interest income and associated income statement line items for all business segments. Prior periods have been adjusted to conform with the current presentation. ‌Dollars in millions‌ June 30 March 31 December 31 September 30 2026 2026 2025 2025 June 30 2025 June 30 2026 June 30 2025 Income Statement Net interest income (b) $ 3,291 $ 3,237 $ 3,022 $ 3,050 $ 3,010 $ 6,528 $ 5,883 Noninterest income 1,227 770 770 790 782 1,997 1,488 Total revenue (b) 4,518 4,007 3,792 3,840 3,792 8,525 7,371 Provision for credit losses 120 124 155 126 83 244 251 Noninterest expense Personnel 551 571 535 529 539 1,122 1,077 Segment allocations (c) 1,090 1,088 1,020 979 978 2,178 1,945 Depreciation and amortization 138 132 95 97 87 270 173 Other (d) 332 324 327 336 286 656 597 Total noninterest expense 2,111 2,115 1,977 1,941 1,890 4,226 3,792 Pre-tax earnings (b) 2,287 1,768 1,660 1,773 1,819 4,055 3,328 Income taxes (b) 532 412 387 413 423 944 775 Noncontrolling interests 8 7 7 9 10 15 19 Earnings (b) $ 1,747 $ 1,349 $ 1,266 $ 1,351 $ 1,386 $ 3,096 $ 2,534 Average Balance Sheet Loans held for sale $ 616 $ 562 $ 699 $ 785 $ 874 $ 589 $ 867 Loans Consumer Residential real estate $ 38,348 $ 38,939 $ 33,336 $ 34,043 $ 34,647 $ 38,642 $ 34,920 Home equity 24,859 24,913 24,559 24,551 24,551 24,886 24,548 Automobile 16,058 16,499 16,403 16,035 15,738 16,278 15,491 Credit card 7,128 6,912 6,754 6,561 6,483 7,020 6,525 Other consumer 3,164 3,257 3,320 3,334 3,342 3,210 3,368 Total consumer 89,557 90,520 84,372 84,524 84,761 90,036 84,852 Commercial 20,989 20,423 12,603 12,353 12,725 20,708 12,783 Total loans $ 110,546 $ 110,943 $ 96,975 $ 96,877 $ 97,486 $ 110,744 $ 97,635 Total assets $ 130,460 $ 130,616 $ 113,714 $ 114,146 $ 114,061 $ 130,537 $ 114,601 Deposits Noninterest-bearing $ 60,547 $ 58,714 $ 52,125 $ 52,604 $ 52,353 $ 59,635 $ 51,833 Interest-bearing 211,055 209,519 191,941 190,652 191,190 210,292 190,381 Total deposits $ 271,602 $ 268,233 $ 244,066 $ 243,256 $ 243,543 $ 269,927 $ 242,214 Performance Ratios (b) Return on average assets 5.37 % 4.19 % 4.42 % 4.70 % 4.87 % 4.78 % 4.46 % Noninterest income to total revenue 27 % 19 % 20 % 21 % 21 % 23 % 20 % Efficiency 47 % 53 % 52 % 51 % 50 % 50 % 51 % (continued on following page) Dollars in millions, except as noted June 30 2026 March 31 2026 December 31 2025 September 30 2025 June 30 2025 June 30 2026 June 30 2025 Supplemental Noninterest Income Information Asset management and brokerage $ 172 $ 161 $ 155 $ 154 $ 150 $ 333 $ 302 Card and cash management $ 350 $ 322 $ 328 $ 334 $ 328 $ 672 $ 624 Lending and deposit services $ 204 $ 200 $ 199 $ 199 $ 190 $ 404 $ 374 Residential and commercial mortgage $ 83 $ 63 $ 78 $ 89 $ 61 $ 146 $ 126 Other income - Gain on Visa shares exchange program $ 448 $ - $ - $ - $ - $ 448 $ - Residential Mortgage Information Residential mortgage servicing statistics (e) Serviced portfolio balance (in billions) (f) $ 209 $ 212 $ 198 $ 199 $ 189 MSR asset value (f) $ 2,762 $ 2,786 $ 2,638 $ 2,622 $ 2,457 Servicing income: Servicing fees, net (g) $ 61 $ 68 $ 63 $ 60 $ 60 $ 129 $ 131 Mortgage servicing rights valuation, net of economic hedge $ 3 $ (27) $ (5) $ 18 $ 2 $ (24) $ (2) Residential mortgage loan statistics Loan origination volume (in billions) $ 1.7 $ 1.5 $ 1.6 $ 1.5 $ 1.7 $ 3.2 $ 2.7 Loan sale margin percentage 2.01 % 2.25 % 1.88 % 1.67 % 0.91 % 2.12 % 0.78 % Other Information Credit-related statistics Nonperforming assets (f) $ 944 $ 932 $ 840 $ 827 $ 812 Net charge-offs - loans and leases $ 123 $ 118 $ 116 $ 126 $ 120 $ 241 $ 264 Other statistics Branches (f)(h) 2,304 2,315 2,224 2,219 2,218 Brokerage account client assets (in billions) (f)(i) $ 97 $ 91 $ 91 $ 89 $ 87 See note (a) on page 12. See note (b) on page 12. Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations. Other is primarily comprised of other direct expenses including outside services and equipment expense. Represents mortgage loan servicing balances for third parties and the related income. Presented as of period end. Servicing fees net of impact of decrease in MSR value due to passage of time, which includes the impact from regularly scheduled loan principal payments, prepayments and loans paid off during the period. 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. Includes cash and money market balances. ‌Table 17: Corporate & Institutional Banking (Unaudited) (a)‌ Three months ended Six months ended Dollars in millions June 30 March 31 December 31 September 30 June 30 2026 2026 2025 2025 2025 June 30 2026 June 30 2025 Income Statement Net interest income (b) $ 1,992 $ 1,942 $ 1,965 $ 1,888 $ 1,814 $ 3,934 $ 3,582 Noninterest income 1,291 1,144 1,210 1,132 1,022 2,435 2,000 Total revenue (b) 3,283 3,086 3,175 3,020 2,836 6,369 5,582 Provision for credit losses 76 77 14 44 184 153 233 Noninterest expense Personnel 502 460 472 403 370 962 746 Segment allocations (c) 418 424 422 387 381 842 764 Depreciation and amortization 50 46 55 46 49 96 100 Other (d) 161 146 158 140 150 307 296 Total noninterest expense 1,131 1,076 1,107 976 950 2,207 1,906 Pre-tax earnings (b) 2,076 1,933 2,054 2,000 1,702 4,009 3,443 Income taxes (b) 483 448 451 450 379 931 783 Noncontrolling interests 5 5 6 5 5 10 9 Earnings (b) $ 1,588 $ 1,480 $ 1,597 $ 1,545 $ 1,318 $ 3,068 $ 2,651 Average Balance Sheet Loans held for sale $ 635 $ 665 $ 632 $ 691 $ 775 $ 650 $ 516 Loans Commercial Commercial and industrial $ 207,046 $ 194,711 $ 185,195 $ 182,484 $ 177,630 $ 200,913 $ 173,872 Commercial real estate 29,008 28,802 29,374 30,032 30,962 28,905 31,553 Total commercial 236,054 223,513 214,569 212,516 208,592 229,818 205,425 Consumer 3 3 2 2 4 3 3 Total loans $ 236,057 $ 223,516 $ 214,571 $ 212,518 $ 208,596 $ 229,821 $ 205,428 Total assets $ 263,912 $ 249,789 $ 241,169 $ 238,338 $ 234,391 $ 256,890 $ 230,750 Deposits Noninterest-bearing $ 41,441 $ 38,959 $ 41,308 $ 38,732 $ 39,196 $ 40,207 $ 39,347 Interest-bearing 117,169 122,219 122,457 116,460 107,275 119,680 107,886 Total deposits $ 158,610 $ 161,178 $ 163,765 $ 155,192 $ 146,471 $ 159,887 $ 147,233 Performance Ratios (b) Return on average assets 2.41 % 2.40 % 2.63 % 2.57 % 2.26 % 2.41 % 2.32 % Noninterest income to total revenue 39 % 37 % 38 % 37 % 36 % 38 % 36 % Efficiency 34 % 35 % 35 % 32 % 33 % 35 % 34 % (continued on following page) Corporate & Institutional Banking (Unaudited) (Continued) Three months ended Six months ended Dollars in millions June 30 2026 March 31 2026 December 31 2025 September 30 2025 June 30 2025 June 30 2026 June 30 2025 Other Information Consolidated revenue from: Treasury Management (b) (e) $ 1,171 $ 1,171 $ 1,199 $ 1,122 $ 1,079 $ 2,342 $ 2,130 Commercial mortgage banking activities: Commercial mortgage loans held for sale (b) (f) $ 23 $ 14 $ 34 $ 23 $ 24 $ 37 $ 50 Commercial mortgage loan servicing income (b) (g) 127 120 128 135 129 247 238 Commercial mortgage servicing rights valuation, net of economic hedge 33 28 37 47 36 61 75 Total $ 183 $ 162 $ 199 $ 205 $ 189 $ 345 $ 363 Commercial mortgage servicing statistics Serviced portfolio balance (in billions) (h)(i) $ 294 $ 296 $ 294 $ 293 $ 295 MSR asset value (h) $ 1,039 $ 1,029 $ 1,021 $ 1,006 $ 1,010 Average loans by C&IB business (j) Corporate Banking $ 139,370 $ 128,837 $ 121,379 $ 118,445 $ 114,607 $ 134,132 $ 111,968 Real Estate 41,002 41,074 40,836 41,863 42,533 41,038 42,906 Business Credit 36,012 33,944 32,552 32,412 31,544 34,983 30,798 Equipment Finance 10,717 10,595 10,551 10,476 10,422 10,656 10,346 Commercial Banking 5,944 5,976 5,904 6,063 6,194 5,960 6,229 Other 3,012 3,090 3,349 3,259 3,296 3,052 3,181 Total average loans $ 236,057 $ 223,516 $ 214,571 $ 212,518 $ 208,596 $ 229,821 $ 205,428 Credit-related statistics Nonperforming assets (h) $ 1,066 $ 1,309 $ 1,375 $ 1,323 $ 1,160 Net charge-offs - loans and leases $ 105 $ 92 $ 49 $ 53 $ 83 $ 197 $ 147 See note (a) on page 12. See note (b) on page 12. Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations. Other is primarily comprised of other direct expenses including outside services and equipment expense. Amounts are reported in net interest income and noninterest income. 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. 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. Presented as of period end. Represents balances related to capitalized servicing. During the second quarter of 2026, equipment finance activity was centralized and established as a business unit within C&IB. As a result, certain loans were reclassified from Corporate Banking, Commercial Banking and Other to Equipment Finance. Prior periods have been adjusted to conform with the current presentation. ‌Table 18: Asset Management Group (Unaudited) (a)‌ Three months ended Six months ended Dollars in millions, except as noted June 30 2026 March 31 2026 December 31 2025 September 30 2025 June 30 2025 June 30 2026 June 30 2025 Income Statement Net interest income (b) $ 191 $ 193 $ 184 $ 179 $ 184 $ 384 $ 362 Noninterest income 271 262 260 254 244 533 487 Total revenue (b) 462 455 444 433 428 917 849 Provision for (recapture of) credit losses (3) 5 (11) 4 (13) 2 (12) Noninterest expense Personnel 120 125 120 115 115 245 236 Segment allocations (c) 128 127 133 120 118 255 235 Depreciation and amortization 11 10 11 9 10 21 18 Other (d) 30 30 29 29 25 60 58 Total noninterest expense 289 292 293 273 268 581 547 Pre-tax earnings (b) 176 158 162 156 173 334 314 Income taxes (b) 41 37 38 36 41 78 74 Earnings (b) $ 135 $ 121 $ 124 $ 120 $ 132 $ 256 $ 240 Average Balance Sheet Loans Consumer Residential real estate $ 9,866 $ 9,826 $ 9,876 $ 9,937 $ 9,912 $ 9,846 $ 9,910 Other consumer 3,964 3,735 3,673 3,574 3,543 3,850 3,508 Total consumer 13,830 13,561 13,549 13,511 13,455 13,696 13,418 Commercial 814 835 566 659 731 825 694 Total loans $14,644 $14,396 $ 14,115 $ 14,170 $14,186 $14,521 $14,112 Total assets $15,048 $14,804 $ 14,505 $ 14,575 $14,629 $14,927 $14,556 Deposits Noninterest-bearing $ 1,459 $ 1,411 $ 1,387 $ 1,426 $ 1,585 $ 1,435 $ 1,563 Interest-bearing 25,575 26,310 25,564 25,437 25,327 25,941 25,714 Total deposits $27,034 $27,721 $ 26,951 $ 26,863 $26,912 $27,376 $27,277 Performance Ratios (b) Return on average assets 3.60 % 3.31 % 3.39 % 3.27 % 3.62 % 3.46 % 3.32 % Noninterest income to total revenue 59 % 58 % 59 % 59 % 57 % 58 % 57 % Efficiency 63 % 64 % 66 % 63 % 63 % 63 % 64 % Other Information Nonperforming assets (e) $ 45 $ 45 $ 52 $ 58 $ 63 Net charge-offs (recoveries) - loans and leases $ 1 $ - $ - $ 2 $ (1) $ 1 $ (1) Client Assets Under Administration (in billions) (e)(f) Discretionary client assets under management PNC Private Bank $ 146 $ 136 $ 138 $ 137 $ 131 Institutional Asset Management 101 94 96 91 86 Total discretionary clients assets under management 247 230 234 228 217 Nondiscretionary client assets under administration 256 233 238 212 204 Total $ 503 $ 463 $ 472 $ 440 $ 421 See note (a) on page 12. See note (b) on page 12. Represents expense allocations for corporate overhead services used by each business segment; primarily comprised of technology, human resources and occupancy-related allocations. Other is primarily comprised of other direct expenses including outside services and equipment expense. Presented as of period end. Excludes brokerage account client assets. ‌Glossary of Terms‌ Allowance for credit losses (ACL) - A valuation account that is deducted from or added to the amortized cost basis of the related financial assets to present the net carrying value at the amount expected to be collected on the financial asset. Amortized cost basis - Amount at which a financial asset is originated or acquired, adjusted for applicable accretion or amortization of premiums, discounts and net deferred fees or costs, collection of cash, charge-offs, foreign exchange and fair value hedge accounting adjustments. Basel III common equity tier 1 (CET1) capital (Tailoring Rules) - Common stock plus related surplus, net of treasury stock, plus retained earnings, less goodwill, net of associated deferred tax liabilities, less other disallowed intangibles, net of deferred tax liabilities and plus/less other adjustments. Investments in unconsolidated financial institutions, as well as mortgage servicing rights and deferred tax assets, must then be deducted to the extent such items (net of associated deferred tax liabilities) individually exceed 25% of our adjusted Basel III common equity tier 1 capital. Basel III common equity tier 1 capital ratio - Common equity tier 1 capital divided by period-end risk-weighted assets (as applicable). Basel III tier 1 capital - Common equity tier 1 capital, plus qualifying preferred stock, plus certain trust preferred capital securities, plus certain noncontrolling interests that are held by others and plus/less other adjustments. Basel III tier 1 capital ratio - Tier 1 capital divided by period-end risk-weighted assets (as applicable). Basel III Total capital - Tier 1 capital plus qualifying subordinated debt, plus certain trust preferred securities, plus, under the Basel III transitional rules and the standardized approach, the allowance for loan and lease losses included in tier 2 capital and other. Basel III Total capital ratio - Basel III Total capital divided by period-end risk-weighted assets (as applicable). Charge-off - Process of removing a loan or portion of a loan from our balance sheet because it is considered uncollectible. We also record a charge-off when a loan is transferred from portfolio holdings to held for sale by reducing the loan carrying amount to the fair value of the loan, if fair value is less than carrying amount. Common shareholders' equity - Total shareholders' equity less the liquidation value of preferred stock. Credit valuation adjustment - Represents an adjustment to the fair value of our derivatives for our own and counterparties' non-performance risk. Criticized commercial loans - Loans with potential or identified weaknesses based upon internal risk ratings that comply with the regulatory classification definitions of "special mention," "substandard" or "doubtful." Current Expected Credit Loss (CECL ) - Methodology for estimating the allowance for credit losses on in-scope financial assets held at amortized cost and unfunded lending related commitments which uses a combination of expected losses over a reasonable and supportable forecast period, a reversion period and long run average credit losses for their estimated contractual term. Discretionary client assets under management - Assets over which we have sole or shared investment authority for our customers/clients. We do not include these assets on our Consolidated Balance Sheet. Earning assets - Assets that generate income, which include: interest-earning deposits with banks; loans held for sale; loans; investment securities; and certain other assets. Efficiency - Noninterest expense divided by total revenue. Fair value - The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fee income - Refers to the following categories within Noninterest income: Asset management and brokerage, Capital markets and advisory, Card and cash management, Lending and deposit services, and Residential and commercial mortgage. GAAP - Accounting principles generally accepted in the United States of America. Leverage ratio - Basel III tier 1 capital divided by average quarterly adjusted total assets. Nondiscretionary client assets under administration - Assets we hold for our customers/clients in a nondiscretionary, custodial capacity. We do not include these assets on our Consolidated Balance Sheet. Nonperforming assets - Nonperforming assets include nonperforming loans, OREO, foreclosed and other assets. We do not accrue interest income on assets classified as nonperforming. Nonperforming loans - Loans accounted for at amortized cost whose credit quality has deteriorated to the extent that full collection of contractual principal and interest is not probable. Interest income is not recognized on nonperforming loans. Nonperforming loans exclude certain government insured or guaranteed loans for which we expect to collect substantially all principal and interest, loans held for sale and loans accounted for under the fair value option. Operating leverage - The period to period dollar or percentage change in total revenue less the dollar or percentage change in noninterest expense. A positive variance indicates that revenue growth exceeded expense growth ( i.e ., positive operating leverage) while a negative variance implies expense growth exceeded revenue growth ( i.e ., negative operating leverage). Other real estate owned (OREO) and foreclosed assets - Assets taken in settlement of troubled loans primarily through deed-in-lieu of foreclosure or foreclosure. Foreclosed assets include real and personal property. Certain assets that have a government-guarantee which are classified as other receivables are excluded. Purchased credit deteriorated assets (PCD) - Acquired loans or debt securities that, at acquisition, are determined to have experienced a more-than-insignificant deterioration in credit quality since origination or issuance. Purchased seasoned loans (PSL) - Acquired loans that, at acquisition, have not experienced a more-than-insignificant credit deterioration since origination and are deemed "seasoned". A loan is seasoned if it was purchased more than 90 days after origination and PNC was not involved in the origination of the loan. All loans that are acquired without credit deterioration through a business combination are deemed "seasoned". Risk-weighted assets - Computed by the assignment of specific risk-weights (as defined by the Board of Governors of the Federal Reserve System) to assets and off-balance sheet instruments. Servicing rights - Intangible assets or liabilities created by an obligation to service assets for others. Typical servicing rights include the right to receive a fee for collecting and forwarding payments on loans and related taxes and insurance premiums held in escrow. Supplementary leverage ratio - Basel III tier 1 capital divided by Supplementary leverage exposure. Tailoring Rules - Rules adopted by the federal banking agencies to better tailor the application of their capital, liquidity, and enhanced prudential requirements for banking organizations to the asset size and risk profile (as measured by certain regulatory metrics) of the banking organization. Effective January 1, 2020, the agencies' capital and liquidity rules classify all BHCs with $100 billion or more in total assets into one of four categories (Category I, Category II, Category III, and Category IV). Taxable-equivalent interest income - The interest income earned on certain assets that is completely or partially exempt from federal income tax. These tax-exempt instruments typically yield lower returns than taxable investments. Unfunded lending related commitments - Standby letters of credit, financial guarantees, commitments to extend credit and similar unfunded obligations that are not unilaterally, unconditionally, cancelable at PNC's option.

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