PNC Financial Services (PNC)

CONSOLIDATED REVENUE REVIEW

Net interest income was $2.2 billion for both the third and second quarters of 2009 and $1.0 billion for the third quarter of 2008. The net interest margin increased to 3.76 percent for the third quarter compared with 3.46 percent for the third quarter of 2008 and 3.60 percent for the second quarter of 2009. The increase in the net interest margin in the linked quarter comparison was primarily

PNC Earns $559 Million in Third Quarter and $1.3 Billion Year-To-Date – Page 3

due to a decline in deposit costs largely from deposit pricing initiatives and the reduction of high cost nonrelationship certificates of deposit and to a lower cost of borrowed funds. PNC continued to invest a portion of its available liquidity in lower risk assets, such as treasury, government agency and agency residential mortgage-backed securities, and to reduce borrowed funds.

Noninterest income was $1.8 billion for both the third and second quarters of 2009 and $654 million for the third quarter of 2008. Relationship-based fees grew in the linked quarter comparison as asset management revenue, service charges on deposits, consumer service fees and fund servicing revenue increased. Corporate services revenue decreased 5 percent from the second quarter primarily related to commercial mortgage servicing rights, and residential mortgage fees declined 16 percent from the linked quarter driven by lower loan origination revenue from a reduction in loan refinancing volume.

Net securities gains were $168 million for the third quarter of 2009 compared with $55 million for the third quarter of 2008 and $182 million in the second quarter of 2009. The third quarter 2009 securities gains related primarily to sales of non-agency and agency residential mortgage-backed securities. The net credit component of other-than-temporary impairments of securities recognized in earnings was a loss of $129 million in the third quarter of 2009, down from a loss of $155 million in the second quarter. Other noninterest income of $314 million in the third quarter of 2009 increased $17 million in the linked quarter comparison and included net asset valuation improvements.

CONSOLIDATED REVENUE REVIEW

Net interest income totaled $2.2 billion for the second quarter of 2009 compared with $1.0 billion for second quarter 2008 and $2.3 billion for first quarter 2009. The net interest margin was 3.60 percent for the second quarter of 2009 compared with 3.47 percent in the second quarter of 2008 and 3.81 percent for the first quarter of 2009. The decrease in net interest income and margin in the linked quarter comparison was primarily due to a reduction in loan demand partially offset by lower deposit rates and borrowing costs. As loan balances have declined, PNC has invested in lower risk assets, such as U.S. Treasury and government agency securities, and maintained increased balances in interest earning accounts with the Federal Reserve.

Noninterest income was $1.8 billion for the second quarter of 2009 compared with $1.1 billion for the same quarter of 2008 and $1.6 billion for the first quarter of 2009. Noninterest income increased 15 percent compared with the linked quarter primarily due to higher gains on asset sales, improved asset valuations and customer-related fee income somewhat offset by lower net gains on hedging residential mortgage servicing rights. Asset management revenue, corporate and consumer service fees, and service charges on deposits increased in the comparison.

Asset sales included net securities gains of $182 million for the second quarter of 2009 compared with $8 million for the second quarter of 2008 and $56 million in the first quarter of 2009. Second quarter 2009 securities gains related primarily to sales of agency residential mortgage-backed securities.

Improved asset valuations resulted in better trading results and lower losses on private equity and alternative investments compared with the linked quarter. First quarter 2009 included a gain of $103 million related to PNC’s BlackRock long-term incentive plan (LTIP) programs shares obligation. There was no impact from the LTIP obligation in the second quarter of 2009 as a result of the first quarter 2009 restructuring of PNC’s ownership of BlackRock equity.

CONSOLIDATED REVENUE REVIEW

Net interest income totaled $2.3 billion for the first quarter of 2009 compared with $854 million for the year-earlier first quarter and $992 million for the fourth quarter of 2008. The net interest margin was 3.81 percent for the first quarter of 2009 compared with 3.09 percent in the first quarter of 2008 and 3.37 percent for the fourth quarter of 2008. The increase in the net interest margin in the linked quarter comparison was primarily due to higher yielding loans from the National City acquisition and lower funding costs in both comparisons.

Noninterest income was $1.6 billion for the first quarter of 2009 compared with $967 million for the first quarter of 2008 and $684 million for the fourth quarter of 2008. First quarter 2009 noninterest income benefited from strong fee income from residential mortgage banking activity related to refinancing volumes and net gains on hedging mortgage servicing rights. Fund servicing fees and asset management revenue were negatively impacted by declines in asset values associated with the lower equity markets. Consumer service fees reflected growing card-related revenue partially offset by reduced consumer transaction volumes related to seasonality and the economy. Corporate service fees included treasury management fees which continued to be a strong contributor to revenue. Service charges on deposits were better than expected in spite of declining customer transaction amounts and volumes. Net gains on sales of securities were $56 million in the first quarter of 2009.

The other-than-temporary impairment of debt securities recognized in earnings was a loss of $149 million in the first quarter of 2009 compared with a $174 million charge in the fourth quarter of 2008 and none in the first quarter of 2008.

Other income for the first quarter of 2009 included a gain of $103 million related to PNC’s BlackRock long-term incentive plan (LTIP) programs shares obligation, and approximately $122 million of writedowns of private equity and alternative investments. PNC’s BlackRock LTIP shares obligation resulted in net gains of $40 million for the first quarter of 2008 and $177 million in the fourth quarter of 2008.

CONSOLIDATED REVENUE REVIEW

PNC’s consolidated income statement for full year and fourth quarter 2008 does not include operating results of National City, which was acquired on December 31, 2008. The income statement impact from the acquisition of National City included in fourth quarter 2008 results was limited to a conforming provision for credit losses of $504 million and other integration costs in noninterest expense.

Net interest income totaled $992 million for the fourth quarter of 2008, an increase of 25 percent compared with $793 million for fourth quarter 2007 and a decrease of 1 percent compared with $1.00 billion for the linked quarter. The net interest margin was 3.37 percent for the fourth quarter of 2008 compared with 2.96 percent in the year ago quarter and 3.46 percent in the third quarter of 2008. The increase in net interest income in the year-over-year comparison was primarily due to the benefit of declining interest rates on PNC’s liability sensitive balance sheet and higher average earning assets. The decrease in the linked quarter comparison was primarily from a lower yield on loans largely resulting from the rapid decline in short-term rates and the effect on variable rate loan repricing.

Noninterest income was $684 million for the fourth quarter of 2008 compared with $834 million for the fourth quarter of 2007 and $654 million linked quarter. The 2008 quarters were negatively impacted by unprecedented market conditions.

Fund servicing revenue for the fourth quarter of 2008 decreased $24 million compared with the third quarter of 2008 mainly due to declines in asset values. Asset management revenue decreased $83 million in the comparison with the third quarter of 2008 and was primarily impacted by lower earnings from BlackRock. Corporate service fees decreased $41 million in the linked quarter comparison primarily as a result of a $35 million impairment charge on commercial mortgage servicing rights due to the effect of lower interest rates. Fourth quarter 2008 net securities losses were $172 million and third quarter 2008 losses were $74 million, primarily resulting from other-than-temporary impairment charges on securities, while a net gain of $177 million was recognized on the mark to market of PNC’s BlackRock LTIP shares obligation for the fourth quarter compared with a net charge of $51 million in the third quarter included in other noninterest income.

Noninterest income decreased $150 million compared with the prior year fourth quarter primarily due to impairment charges on securities, the negative effect of declines in asset values on fee revenue, lower earnings from BlackRock and lower consumer service fees largely due to the impact of the sale of Hilliard Lyons, partially offset by the benefit of the positive mark to market of PNC’s BlackRock LTIP shares obligation compared with a net charge in the fourth quarter of 2007.

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PNC Reports Full Year 2008 Net Income of $882 Million Including Acquisition Costs or $1.3 Billion

Excluding Costs Related to Acquisitions – Page 4

CONSOLIDATED REVENUE REVIEW

Net interest income totaled $1.000 billion for the quarter, an increase of 31 percent compared with $761 million for third quarter 2007 and an increase of 2 percent compared with $977 million for the linked quarter. The increase in net interest income for both periods of comparison was primarily due to the benefit of declining interest rates on PNC’s liability sensitive balance sheet that resulted in lower funding costs. Higher earning assets from acquisitions also contributed to the growth in net interest income in the prior year comparison.

Noninterest income was $654 million for the third quarter of 2008 compared with $990 million for the same quarter of 2007 and $1.062 billion for the second quarter of 2008. Noninterest income decreased $408 million compared with the linked quarter largely due to the impact of valuation losses resulting from a lack of market liquidity. Fee income from corporate services, service charges on deposits and consumer services increased in the linked quarter comparison.

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PNC Earns $248 Million and $.71 Diluted EPS in Third Quarter – Page 3

Asset management revenue decreased $17 million compared with the second quarter of 2008 mainly attributable to declines in asset values. Net securities losses of $74 million included other-than-temporary impairment on perpetual preferred stock of FHLMC and FNMA held in securities available for sale. Other noninterest income declined $339 million primarily due to valuation losses of $82 million on commercial mortgage loans held for sale intended for securitization, net of hedges, compared with a net gain of $21 million in the second quarter, $54 million of net trading losses compared with net trading gains of $53 million in the second quarter, and a charge of $51 million on the mark to market of PNC’s BlackRock LTIP shares obligation due to an increase in the share price of BlackRock common stock compared with a net gain of $80 million in the second quarter. These items were partially offset by a $61 million gain in the third quarter of 2008 resulting from a settlement of a legal contingency and reversal of a related reserve established in connection with an acquisition.

Noninterest income decreased $336 million compared with the prior year third quarter primarily due to the impact of the market volatility-related items described above other than the BlackRock LTIP shares obligation adjustment which was approximately the same in both quarters. Fund servicing revenue and service charges on deposits grew in the year over year comparison and consumer service fees decreased due to the impact of the sale of Hilliard Lyons.

CONSOLIDATED REVENUE REVIEW

Net interest income totaled $977 million for the quarter, an increase of 32 percent compared with $738 million for second quarter 2007 and an increase of 14 percent compared with $854 million for the linked quarter. The net interest margin in the second quarter of 2008 increased to 3.47 percent compared with 3.03 percent in the second quarter of 2007 and 3.09 percent in the first quarter of 2008. The increase in net interest income and the margin for both periods of comparison was primarily due to the benefit of declining interest rates on PNC’s liability sensitive balance sheet that resulted in lower funding costs. Acquisitions also contributed to the growth in net interest income in both comparisons.

Noninterest income totaled $1.062 billion for the second quarter of 2008 compared with $975 million for the same quarter of 2007 and $967 million for the first quarter of 2008. Noninterest income increased $95 million, or 10 percent, compared with the linked quarter due to higher corporate service fees, service charges on deposits and fund servicing fees as well as consumer service fees apart from the impact of the sale of J.J.B. Hilliard, W. L. Lyons, LLC on March 31, 2008. Noninterest income for the second quarter of 2008 also included a net gain of $21 million on valuations of commercial mortgage loans and commitments held for sale, net of hedges, compared with a net loss of $177 million in the first quarter, trading income of $53 million primarily driven by customer trading activity compared with a loss of $76 million in the linked quarter mainly due to proprietary trading activity, and a gain of $80 million related to PNC’s BlackRock LTIP shares obligation compared with a $40 million gain in the linked quarter. First quarter 2008 noninterest income included a gain of $114 million on the sale of Hilliard Lyons, a gain of $95 million on the partial share redemption of PNC’s Visa ownership, and net gains on securities transactions of $41 million.

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PNC Earns $505 Million and $1.45 Diluted EPS in Second Quarter – Page 3

Noninterest income increased $87 million, or 9 percent, compared with the prior year second quarter. Fund servicing, asset management and corporate service fees as well as consumer service fees apart from the impact of the sale of Hilliard Lyons grew in the year over year comparison. The comparison was also impacted by the second quarter 2008 gain related to PNC’s BlackRock LTIP shares obligation and higher trading results.

CONSOLIDATED REVENUE REVIEW

Taxable-equivalent net interest income totaled $863 million for the quarter, an increase of 37 percent compared with $629 million for the year-earlier first quarter and an increase of 8 percent compared with $800 million for the fourth quarter of 2007. The net interest margin in the first quarter of 2008 was 3.09 percent compared with 2.95 percent in the first quarter of 2007 and 2.96 percent in the fourth quarter of 2007. The increase in net interest income and the margin for both periods of comparison resulted from the impact of declining interest rates on PNC’s liability sensitive balance sheet. Net interest income growth over the prior year first quarter was also due to acquisitions and balance sheet growth.

Noninterest income totaled $967 million for the first quarter of 2008 compared with $991 million and $834 million for the first and fourth quarters of 2007, respectively. The $133 million, or 16 percent, increase in noninterest income compared with the linked quarter was primarily due to the change in the mark-to-market adjustment on PNC’s BlackRock LTIP shares obligation, which was a $37 million gain in the first quarter of 2008 compared with a $128 million loss in the fourth quarter, a gain of $114 million on the sale of Hilliard Lyons, a gain of $95 million on the partial share redemption of PNC’s Visa ownership and net gains on available for sale securities transactions of $41 million. These gains were partially offset by higher valuation losses on commercial mortgage loans and commitments held for sale, net of hedges, of $177 million in the first quarter of 2008 compared with $30 million in the fourth quarter and trading losses of $76 million in the first quarter of 2008 compared with $10 million in the fourth quarter.

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PNC Reports First Quarter Net Income of $377 Million and $1.09 Diluted EPS – Page 3

Noninterest income decreased $24 million, or 2 percent, compared with the prior year first quarter primarily due to the valuation losses on commercial mortgage loans and commitments held for sale, net of hedges, and lower trading results substantially offset by the gains on the Hilliard Lyons sale, Visa share redemption and available for sale securities transactions.

Asset management, fund servicing and consumer service fees grew in the year over year comparison. In the linked quarter comparison asset management revenue and corporate service fees declined while consumer service fees and service charges on deposits were seasonally lower, somewhat offset by higher fund servicing revenue.

CONSOLIDATED REVENUE REVIEW

Taxable-equivalent net interest income totaled $800 million for the quarter, an increase of 40 percent compared with $571 million for the year-earlier period and an increase of 4 percent compared with $767 million for the third quarter of 2007. Net interest income increased over the prior year quarter primarily due to the Mercantile acquisition and, in both comparisons, as a result of balance sheet growth. In the linked quarter comparison, the Yardville acquisition contributed to the increase. The net interest margin in the fourth quarter of 2007 was 2.96 percent compared with 2.88 percent in the year-earlier period and 3.00 percent in the third quarter of 2007.

Noninterest income totaled $834 million for the fourth quarter of 2007 compared with $969 million for the same quarter in the prior year and $990 million for the third quarter of 2007. Adjusted noninterest income for the fourth quarter was $961 million compared with $991 million as adjusted for the fourth quarter of 2006 and $1.042 billion as adjusted for the third quarter of 2007.

The $30 million, or 3 percent, decline in adjusted noninterest income compared with fourth quarter 2006 was largely due to lower trading results, a valuation adjustment for commercial mortgage loans held for sale and lower gains on loan sales somewhat offset by growth in asset management, brokerage and consumer service fees and the impact of the Mercantile acquisition. In the linked quarter comparison, adjusted noninterest income decreased $81 million, or 8 percent, primarily due to lower trading results, lower equity management (private equity) gains, lower corporate service fees mainly related to mergers and acquisitions advisory services, and a valuation adjustment for commercial mortgage loans held for sale. These were somewhat offset by growth in asset management and fund servicing revenue and consumer services fees.

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PNC Reports 2007 Net Income of $1.5 Billion and Adjusted Net Income of $1.7 Billion - Page 7

CONSOLIDATED REVENUE REVIEW

Taxable-equivalent net interest income totaled $767 million for the quarter, an increase of 34 percent, compared with $574 million for the year-earlier period and an increase of 3 percent compared with $746 million for the second quarter of 2007. Net interest income increased over the prior year quarter primarily due to the Mercantile acquisition and, in both comparisons, as a result of prudent balance sheet growth. The net interest margin in the third quarter of 2007 was 3.00 percent compared with 2.89 percent in the year-earlier period and 3.03 percent in the second quarter of 2007.

Noninterest income totaled $990 million for the third quarter of 2007 compared with $2.9 billion for the same quarter in the prior year and $975 million for the second quarter of 2007. Adjusted noninterest income for the third quarter was $1.042 billion compared with $832 million as adjusted for the third quarter of 2006 and $977 million as adjusted for the second quarter of 2007.

The 25 percent increase in adjusted noninterest income compared with the third quarter of 2006 was largely due to the Mercantile acquisition, higher equity management (private equity) gains and growth in asset management revenue, corporate service fees, brokerage and consumer service fees. In the linked quarter comparison, adjusted noninterest income grew 7 percent primarily as a result of higher equity management gains, growth in asset management revenue mainly from BlackRock and an increase in corporate service fees from mergers and acquisitions advisory services and commercial mortgage servicing.

CONSOLIDATED REVENUE REVIEW

Taxable-equivalent net interest income totaled $746 million for the quarter, an increase of 33 percent compared with $562 million for the year-earlier period and an increase of 19 percent compared with $629 million for the first quarter of 2007. The net interest margin in the second quarter of 2007 was 3.03 percent compared with 2.90 percent in the year-earlier period and 2.95 percent in the first quarter of 2007. The increase in net interest income and net interest margin over the quarters of comparison was the result of the Mercantile acquisition partially offset by the impact of the aforementioned cross-border lease item that lowered interest income on loans.

Noninterest income totaled $975 million for the second quarter of 2007 compared with $1.230 billion for the same quarter in the prior year, and $991 million for the first quarter of 2007. Noninterest income for the second quarter was $977 million as adjusted compared with $918 million as adjusted for the second quarter of 2006 and $941 million as adjusted for the first quarter of 2007.

The increase in adjusted noninterest income compared with the second quarter of 2006 adjusted results was due to the Mercantile acquisition and growth in asset management revenue, corporate service fees and brokerage revenue partially offset by declines in equity management gains and trading revenue. Compared with the adjusted link quarter, the second quarter of 2007 as adjusted reflected growth in fee-related revenue including asset management, fund servicing, service charges on deposits, brokerage, and consumer and corporate services, as well as the full quarter impact of Mercantile. Equity management gains and trading revenue declined in the link quarter by $53 million.

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PNC Reports Second Quarter Net Income of $423 Million and EPS of $1.22 – Page 7

CONSOLIDATED REVENUE REVIEW

Taxable-equivalent net interest income totaled $629 million for the quarter, an increase of $66 million compared with $563 million for the year-earlier period and an increase of $58 million compared with $571 million for the fourth quarter of 2006. The net interest margin in the first quarter of 2007 was 2.95 percent, compared with 2.95 percent in the year-earlier period and 2.88 percent in the fourth quarter of 2006. The increase in net interest income and net interest margin over the linked quarter was largely the result of the Mercantile acquisition and lower deposit pricing. The Consolidated Financial Highlights section of this news release includes a reconciliation of taxable-equivalent net interest income to net interest income as reported under generally accepted accounting principles (GAAP).

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PNC Reports First Quarter Diluted EPS of $1.46 – Page 6

Noninterest income totaled $1.1 billion for the first quarter of 2007, compared with $1.2 billion for the same quarter in the prior year, and $969 million in the fourth quarter of 2006. Noninterest income for the first quarter was $927 million as adjusted, compared with $794 million as adjusted for the first quarter of 2006 and $927 million as adjusted for the fourth quarter of 2006.

The increase in adjusted noninterest income compared with the first quarter of 2006 adjusted results primarily was due to an increase in asset management and corporate services revenue and an increase in equity management gains. Asset management revenue as adjusted increased 30 percent compared with the first quarter of 2006 due to BlackRock and higher assets under management for Retail Banking’s wealth management customers.

Compared with the adjusted fourth quarter of 2006, the first quarter of 2007 as adjusted had increases in trading and asset management revenue, an increase in equity management gains and the impact of Mercantile, offset by a decline in corporate services revenue and lower gains on asset sales.

CONSOLIDATED REVENUE REVIEW

Taxable-equivalent net interest income totaled $571 million for the quarter, an increase of $3 million compared with the year-earlier period and a decrease of $3 million compared with the third quarter of 2006. The net interest margin in the fourth quarter of 2006 was 2.88 percent, compared with 2.96 percent in the year-earlier period and 2.89 percent in the third quarter of 2006. The increase in net interest income over the prior year quarter was largely the result of increased interest income from loans and securities, partly offset by the higher cost of deposits and borrowings. The decrease compared with the prior quarter was due to the deconsolidation of BlackRock. The Consolidated Financial Highlights accompanying this news release include a reconciliation of taxable-equivalent net interest income to net interest income as reported under GAAP.

Noninterest income totaled $969 million, or $979 million as adjusted for BlackRock/MLIM transaction integration costs, for the fourth quarter of 2006 compared with $1.2 billion, or $837 million as adjusted, for the same quarter in the prior year, and $2.9 billion, or $832 million as adjusted, in the third quarter of 2006. Noninterest income as adjusted reflects the impact of certain significant 2006 items (the BlackRock/MLIM transaction and balance sheet repositionings) and BlackRock equity method of accounting as noted in the Consolidated Financial Highlights section of this release.

The increase in adjusted noninterest income compared with the fourth quarter of 2005 and third quarter 2006 adjusted results was due primarily to an increase in fund servicing, asset management, and corporate and consumer service revenues. Customer-driven fee revenue increased compared with the year earlier period, including a 24 percent increase in corporate services and a 16 percent increase in consumer services.

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PNC 2006 Diluted EPS of $8.73 Sets All-Time Record – Page 7

Asset management revenue as adjusted increased 24 percent compared with the fourth quarter of 2005, due to an increased contribution from BlackRock and higher assets under management in Retail Banking’s wealth management business. Fund servicing revenue increased largely as a result of growth in distribution/out-of-pocket revenues at PFPC due to the BlackRock/MLIM merger. These revenues and the related expenses are recorded on a gross basis with no operating margin.

CONSOLIDATED REVENUE REVIEW

Taxable-equivalent net interest income totaled $574 million for the quarter, an increase of $8 million compared with $566 million in the year-earlier period and up 2 percent compared with $562 million in the second quarter of 2006. The net interest margin in the third quarter of 2006 was 2.89 percent, compared with 2.96 percent in the year-earlier period and 2.90 percent in the second quarter of 2006. The increase in net interest income over the same quarter in the prior year and the linked quarter was largely the result of increased revenue from earning assets, partially offset by the higher cost of deposits and borrowings. The Consolidated Financial Highlights accompanying this news release include a reconciliation of taxable-equivalent net interest income to net interest income as reported under GAAP.

Noninterest income totaled $2.9 billion for the third quarter of 2006 compared with $1.1 billion for the same quarter in the prior year, and $1.2 billion in the second quarter of 2006. The increase compared with the third quarter of 2005 was due to the $2.1 billion net gain from the BlackRock/MLIM transaction, partly offset by the $244 million aggregate impact of the balance sheet repositioning activities and lower equity management and trading revenue. Customer-driven fee revenue increased compared with the year earlier period, including a 17 percent increase in consumer services and a 30 percent increase in corporate services. The change compared with the prior quarter was the result of the net gain on the BlackRock/MLIM transaction, the aggregate impact of the balance sheet repositioning activities, decreased asset management revenues related to lower BlackRock performance fees, and lower equity management and trading revenues. The third quarter of 2006 also included a $20 million loss related to the accounting for hedges on trust preferred securities.

CONSOLIDATED REVENUE REVIEW

Taxable-equivalent net interest income totaled $562 million for the quarter, an increase of 4 percent compared with $541 million in the year-earlier period and essentially unchanged compared with $563 million in the first quarter of 2006. The net interest margin in the second quarter of 2006 was 2.90 percent, compared with 3.00 percent in the year-earlier period and 2.95 percent in the first quarter of 2006. The increase in net interest income over the same quarter in the prior year was largely the result of higher income associated with increased interest-earning assets, partially offset by the higher cost of deposits and borrowings. Net interest income remained essentially unchanged and net interest margin declined slightly compared with the linked quarter as a result of higher short-term rates and the flat yield curve.

Noninterest income totaled $1.230 billion for the second quarter of 2006, a 32 percent increase compared with $929 million for the same quarter in the prior year, and a 4 percent increase compared with $1.185 billion in the first quarter of 2006. The increase compared with the second quarter of 2005 was due to increases in asset management, equity management, corporate services, trading and consumer services. The increase compared with the first quarter 2006 was primarily the result of higher equity management gains and corporate services revenue, partly offset by a decrease in asset management revenue related to higher BlackRock performance fees in the first quarter of 2006 and lower fund servicing revenues.