PNC FINANCIAL SERVICES GROUP, INC.

Table 4: Noninterest Income

*-Not meaningful

Noninterest income as a percentage of total revenue was 40% for the second quarter of 2026 compared to 36% for the first quarter of 2026 and 38% for the first six months of 2026 compared to 37% for the same period in 2025.

Asset management and brokerage fees increased compared to the first quarter of 2026 and the first six months of 2025. In both comparisons, the increase was a result of higher average equity markets and increased client activity. PNC’s discretionary client assets under management of $247 billion at June 30, 2026 increased from $230 billion at March 31, 2026, and $217 billion at June 30, 2025. In both comparisons, the increase included the impact from higher spot equity markets and positive net flows.

Capital markets and advisory fees increased compared to the first quarter of 2026 and the first six months of 2025, driven by growth across capital markets businesses, including strong merger and acquisition advisory activity.

Card and cash management revenue increased compared to the first quarter of 2026, as a result of seasonally higher consumer

The PNC Financial Services Group, Inc. –Form 10-Q 7 transaction volumes and growth in treasury management product revenue. The increase compared to the first six months of 2025 included increased consumer transaction volumes as well as higher treasury management product revenue.

Lending and deposit services increased compared to the first quarter of 2026 primarily due to increased customer activity. Compared to the first six months of 2025, the increase reflected the addition of FirstBank customer activity.

Residential and commercial mortgage increased compared to the first quarter of 2026 primarily driven by negative residential mortgage valuations, net of economic hedge, recognized in the first quarter of 2026. Residential and commercial mortgage revenue was stable compared to the first six months of 2025.

Other noninterest income increased in both the quarterly and year-to-date comparisons. The second quarter of 2026 included the impact of a $448 million gain resulting from PNC’s participation in the Visa exchange program, partially offset by a securities loss of $139 million related to the repositioning of the available-for-sale investment securities portfolio and $6 million of integration costs related to the FirstBank acquisition. The second quarter of 2026 also included Visa derivative adjustments, primarily related to the extension of anticipated litigation resolution timing of negative $85 million, compared to negative $32 million of Visa derivative adjustments in the first quarter of 2026. The first six months of 2026 included negative $117 million of Visa derivative adjustments, compared to negative $38 million for the same period in 2025.