PNC FINANCIAL SERVICES GROUP, INC.

PNC defines our primary contingent liquidity sources as cash held at the FRB, investment securities and unused borrowing capacity at the FHLB and FRB. The following table summarizes our primary contingent liquidity sources at September 30, 2025 and December 31, 2024:

Table 26: Primary Contingent Liquidity Sources

(a)Represents the fair value of investment securities that can be used for pledging or to secure other sources of funding.

(b)At September 30, 2025, total FHLB borrowing capacity was $66.4 billion and total FHLB advances and letters of credit were $16.5 billion. Comparable amounts at December 31, 2024 were $73.3 billion and $22.3 billion, respectively.

(c)Total borrowing capacity with the FRB was $73.6 billion at September 30, 2025 and $77.9 billion at December 31, 2024. PNC had no outstanding borrowings with the FRB at September 30, 2025 and December 31, 2024.

The PNC Financial Services Group, Inc. –Form 10-Q 29

Bank Liquidity

In addition to our primary contingent liquidity sources, under PNC Bank’s 2014 bank note program, as amended, PNC Bank may from time to time offer up to $40.0 billion aggregate principal amount outstanding at any one time of its unsecured senior and subordinated notes with maturity dates more than nine months (in the case of senior notes) and five years or more (in the case of subordinated notes) from their date of issue. At September 30, 2025, PNC Bank’s remaining capacity to issue under the program was $31.5 billion.