PNC FINANCIAL SERVICES GROUP, INC.

Table 4: Noninterest Income

*-Not meaningful

Noninterest income as a percentage of total revenue was 36% for the third quarter of 2026 compared to 40% for the second quarter of 2026 and 37% for both the first nine months of 2026 and 2025.

Asset management and brokerage fees increased compared to the second quarter of 2026 and the first nine 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 $250 billion at September 30, 2026 increased from $247 billion at June 30, 2026, and $228 billion at September 30, 2025. In both comparisons, the increase included the impact from positive net flows. Compared to September 30, 2025, the increase also included the impact from higher spot equity markets.

Capital markets and advisory fees decreased compared to the second quarter of 2026, primarily due to lower merger and acquisition advisory activity following elevated activity in the prior quarter. The increase compared to the first nine months of 2025 was driven by growth across capital markets businesses, including strong merger and acquisition advisory activity in the second quarter of 2026.

The PNC Financial Services Group, Inc. –Form 10-Q 9

Card and cash management revenue decreased compared to the second quarter of 2026, as higher treasury management product revenue was more than offset by FirstBank integration related fee waivers. The increase compared to the first nine months of 2025 included increased consumer transaction volumes as well as higher treasury management product revenue.

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

Residential and commercial mortgage decreased compared to the second quarter of 2026, driven by lower residential mortgage revenue. Residential and commercial mortgage revenue decreased compared to the first nine months of 2025 reflecting lower residential and commercial mortgage servicing rights valuation, net of economic hedge.

Other noninterest income in the third quarter of 2026 reflected the following:

•An $11 million valuation gain on the remaining Visa shares received in the second quarter of 2026 exchange;

•Lower securities losses due to the repositioning of the available-for-sale investment securities portfolio in the second quarter of 2026;

•Higher private equity revenue; and

•Visa derivative adjustments of negative $36 million, compared to negative $85 million in the second quarter.

Other noninterest income increased in the first nine months of 2026, compared to the first nine months of 2025, primarily driven by the gain related to the Visa share exchange recognized in the second quarter of 2026. Visa derivative adjustments were negative $153 million for the first nine months of 2026 compared to negative $73 million for the same period in 2025.