PNC FINANCIAL SERVICES GROUP INC

This graph shows the cumulative total shareholder return on our common stock during the five-year period ended December 31, 2024, as compared with: (i) a selected peer group as set forth below and referred to as the “Peer Group”; (ii) an overall stock market index, the S&P 500 Index; and (iii) a published industry index, the KBW Bank Index. The yearly points marked on the horizontal axis of the graph correspond to December 31 of each year. The stock performance graph assumes that $100 was invested at market close on December 31, 2019 for the five-year period and that dividends were reinvested. The table below the graph shows the resultant compound annual growth rate for the performance period.

For the year ended December 31, 2024, to enhance comparability to peer disclosures, we have selected the KBW Bank Index to be used in place of the S&P 500 Banks in this comparison. The KBW Bank Index is used by the majority of our peers and includes banking stocks representing the 24 leading national money centers, regional banks and thrift institutions. S&P 500 Banks is included in the graph and table below for the purpose of providing comparative returns for the two indices.

34 The PNC Financial Services Group, Inc. –2024 Form 10-K

The Peer Group for the preceding chart and table above consists of the following companies: Bank of America Corporation; Capital One Financial Corporation; Citizens Financial Group, Inc.; Fifth Third Bancorp; JPMorgan Chase & Co.; KeyCorp; M&T Bank Corporation; Regions Financial Corporation; The PNC Financial Services Group, Inc.; Truist Financial Corporation; U.S. Bancorp; and Wells Fargo & Company. This Peer Group was approved for 2024 by the Board’s Personnel and Compensation Committee, and the Committee has approved the same peer group for 2025.

Each yearly point for the Peer Group is determined by calculating the cumulative total shareholder return for each company in the Peer Group from December 31, 2019 to December 31 of that year, or the last business day of that year (End of Month Dividend Reinvestment Assumed) and then using the median of these returns as the yearly value.

In accordance with the rules of the SEC, this section, captioned “Common Stock Performance Graph,” is not incorporated by reference into any of our future filings made under the Securities Exchange Act of 1934 or the Securities Act of 1933. The Common Stock Performance Graph, including its accompanying table and footnotes, is not deemed to be soliciting material or to be filed under the Exchange Act or the Securities Act.