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Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

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Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

F****INANCIAL S****TATEMENTS, F****INANCIAL S****TATEMENT S****CHEDULES

Our consolidated financial statements required in response to this Item are incorporated by reference from Item 8 of this Report.

E****XHIBIT I****NDEX

Exhibit No.DescriptionMethod of Filing +
3.1.1Amended and Restated Articles of Incorporation of the Corporation, as amended and effective January 2, 2009Incorporated herein by reference to Exhibit 3.1 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2008
3.1.2Statement with Respect to Shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series O dated July 21, 2011Incorporated herein by reference to Exhibit 3.1 of the Corporation’s Current Report on Form 8-K filed July 27, 2011
3.1.3Statement with Respect to Shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series P dated April 19, 2012Incorporated herein by reference to Exhibit 3.1 of the Corporation’s Current Report on Form 8-K filed April 24, 2012
3.1.4Statement with Respect to Shares of 5.375% Non-Cumulative Perpetual Preferred Stock, Series Q dated September 14, 2012Incorporated herein by reference to Exhibit 3.1 of the Corporation’s Current Report on Form 8-K filed September 21, 2012
3.1.5Statement with Respect to Shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series R dated May 2, 2013Incorporated herein by reference to Exhibit 3.1 of the Corporation’s Current Report on Form 8-K filed May 7, 2013
3.1.6Amendment to Amended and Restated Articles of Incorporation of the Corporation, effective November 19, 2015Incorporated herein by reference to Exhibit 3.1.6 of the Corporation’s Current Report on Form 8-K filed November 20, 2015
3.1.7Statement with Respect to Shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series S dated October 27, 2016Incorporated herein by reference to Exhibit 3.1 of the Corporation’s Current Report on Form 8-K filed November 1, 2016
3.1.8Statement with Respect to Shares of the 3.400% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series TIncorporated herein by reference to Exhibit 3.1 of the Corporation’s Current Report on Form 8-K filed September 13, 2021
3.1.9Statement with Respect to Shares of the 6.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series UIncorporated herein by reference to Exhibit 3.1 of the Corporation’s Current Report on Form 8-K filed April 26, 2022
3.1.10Statement with Respect to Shares of the 6.200% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series VIncorporated herein by reference to Exhibit 3.1 of the Corporation’s Current Report on Form 8-K filed August 19, 2022
3.1.11Statement with Respect to Shares of the 6.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series WIncorporated herein by reference to Exhibit 3.1 of the Corporation’s Current Report on Form 8-K filed February 7, 2023
3.1.12Statement with Respect to Shares of the 7.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series XIncorporated herein by reference to Exhibit 3.1 of the Corporation’s Current Report on Form 8-K filed January 5, 2026
3.2Amended and Restated Bylaws of the Corporation effective February 10, 2022Incorporated herein by reference to Exhibit 3.2 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2024

The PNC Financial Services Group, Inc. – 2025 Form 10-K 187

Exhibit No.DescriptionMethod of Filing +
4.1There are no instruments with respect to long-term debt of the Corporation and its subsidiaries that involve a total amount of securities authorized thereunder that exceed 10 percent of the total assets of the Corporation and its subsidiaries on a consolidated basis. The Corporation agrees to provide the SEC with a copy of instruments defining the rights of holders of long-term debt of the Corporation and its subsidiaries on request.
4.2Deposit Agreement, dated November 1, 2016, between the Corporation, Computershare Trust Company, N.A., Computershare Inc. and the holders from time to time of the Depositary Receipts representing interests in the Series S preferred stockIncorporated herein by reference to Exhibit 4.2 of the Corporation’s Current Report on Form 8-K filed November 1, 2016
4.3Deposit Agreement, dated September 13, 2021, between the Corporation, Computershare Trust Company, N.A., Computershare Inc. and the holders from time to time of the Depositary Receipts representing interests in the Series T preferred stockIncorporated herein by reference to Exhibit 4.1 of the Corporation’s Current Report on Form 8-K filed September 13, 2021
4.4Deposit Agreement, dated as of April 26, 2022, between the Corporation, Computershare Trust Company, N.A. and Computershare Inc., as depositary, and the holders from time to time of the Depositary Receipts representing interests in the Series U preferred stockIncorporated herein by reference to Exhibit 4.1 of the Corporation’s Current Report on Form 8-K filed April 26, 2022
4.5Deposit Agreement, dated as of August 19, 2022, between the Corporation, Computershare Trust Company, N.A. and Computershare Inc., as depositary, and the holders from time to time of the Depositary Receipts representing interests in the Series V preferred stockIncorporated herein by reference to Exhibit 4.1 of the Corporation’s Current Report on Form 8-K filed August 19, 2022
4.6Deposit Agreement, dated as of February 7, 2023, between the Corporation, Computershare Trust Company, N.A. and Computershare Inc., as depositary, and the holders from time to time of the Depositary Receipts representing interests in the Series W preferred stockIncorporated herein by reference to Exhibit 4.1 of the Corporation’s Current Report on Form 8-K filed February 7, 2023
4.7Form of PNC Bank, National Association Subordinated Fixed Rate Global Bank Note issued prior to January 16, 2014Incorporated herein by reference to Exhibit 4.11 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2004
4.8.1Issuing and Paying Agency Agreement, dated January 16, 2014, between PNC Bank, National Association and PNC Bank, National Association, relating to the $25 billion Global Bank Note Program for the Issue of Senior and Subordinated Bank NotesIncorporated herein by reference to Exhibit 4.25 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2013
4.8.2Amendment No. 1 to Issuing and Paying Agency Agreement, dated May 22, 2015, between PNC Bank, National Association and PNC Bank, National Association, relating to the $30 billion Global Bank Note Program for the Issue of Senior and Subordinated Bank NotesIncorporated herein by reference to Exhibit 4.21.2 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2015
4.8.3Amendment No. 2 to Issuing and Paying Agency Agreement, dated May 27, 2016, between PNC Bank, National Association and PNC Bank, National Association, relating to the $40 billion Global Bank Note Program for the Issue of Senior and Subordinated Bank NotesIncorporated herein by reference to Exhibit 4.20.3 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2016
4.9Forms of PNC Bank, National Association Senior Global Bank Notes issued after January 16, 2014 (included in Exhibit 4.11.1)Incorporated herein by reference to Exhibit 4.25 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2013
4.10Forms of PNC Bank, National Association Subordinated Global Bank Notes issued on or after May 22, 2015 (included in Exhibit 4.11.2)Incorporated herein by reference to Exhibit 4.21.2 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2015
4.11Description of the Corporation’s SecuritiesFiled herewith

188 The PNC Financial Services Group, Inc. – 2025 Form 10-K

Exhibit No.DescriptionMethod of Filing +
10.1.1The Corporation’s Supplemental Executive Retirement Plan, as amended and restated effective January 1, 2009Incorporated herein by reference to Exhibit 10.2 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2008*
10.1.2Amendment 2009-1 to the Corporation’s Supplemental Executive Retirement Plan, as amended and restated effective January 1, 2009Incorporated herein by reference to Exhibit 10.3 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2009*
10.1.3Amendment 2013-1 to the Corporation’s Supplemental Executive Retirement Plan, as amended and restated effective January 1, 2009Incorporated herein by reference to Exhibit 10.1.3 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2013*
10.2.1The Corporation’s ERISA Excess Pension Plan, as amended and restated effective January 1, 2023Incorporated herein by reference to Exhibit 10.2 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2022*
10.2.2Amendment 2024-1 to the Corporation’s ERISA Excess Pension Plan, as amended and restated effective January 1, 2023Incorporated herein by reference to Exhibit 10.2.2 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2024*
10.2.3Amendment 2025-1 to the Corporation’s ERISA Excess Pension Plan, as amended and restated effective January 1, 2023Filed herewith*
10.3.1The Corporation’s Key Executive Equity Program, as amended and restated effective January 1, 2009Incorporated herein by reference to Exhibit 10.6 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2008*
10.3.2Amendment 2009-1 to the Corporation’s Key Executive Equity Program, as amended and restated as of January 1, 2009Incorporated herein by reference to Exhibit 10.9 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2009*
10.4.1The Corporation’s Supplemental Incentive Savings Plan, as amended and restated effective January 1, 2010Incorporated herein by reference to Exhibit 10.17 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2011*
10.4.2Amendment 2013-1 to the Corporation’s Supplemental Incentive Savings Plan, as amended and restated effective January 1, 2010Incorporated herein by reference to Exhibit 10.4.2 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2013*
10.4.3Amendment 2024-1 to the Corporation’s Supplemental Incentive Savings Plan, as amended and restated effective January 1, 2010Incorporated herein by reference to Exhibit 10.4.3 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2024*
10.4.4Amendment 2025-1 to the Corporation’s Supplemental Incentive Savings Plan, as amended and restated effective January 1, 2010Filed herewith*
10.5.1The Corporation and Affiliates Deferred Compensation Plan, as amended and restated May 5, 2009Incorporated herein by reference to Exhibit 10.62 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2009*
10.5.2Amendment 2009-1 to the Corporation and Affiliates Deferred Compensation Plan, as amended and restated May 5, 2009Incorporated herein by reference to Exhibit 10.17 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2009*
10.5.3Amendment 2010-1 to the Corporation and Affiliates Deferred Compensation Plan, as amended and restated May 5, 2009Incorporated herein by reference to Exhibit 10.20 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2010*
10.5.4Amendment 2011-1 to the Corporation and Affiliates Deferred Compensation Plan, as amended and restated May 5, 2009Incorporated herein by reference to Exhibit 10.23 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2011*
10.5.5Amendment 2012-1 to the Corporation and Affiliates Deferred Compensation Plan, as amended and restated May 5, 2009Incorporated herein by reference to Exhibit 10.24 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2012*
10.5.6Amendment 2013-1 to the Corporation and Affiliates Deferred Compensation Plan, as amended and restated May 5, 2009Incorporated herein by reference to Exhibit 10.5.6 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2013*

The PNC Financial Services Group, Inc. – 2025 Form 10-K 189

Exhibit No.DescriptionMethod of Filing +
10.6.1The Corporation and Affiliates Deferred Compensation and Incentive Plan, as amended and restated effective January 1, 2020Incorporated herein by reference to Exhibit 10.6.3 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2019*
10.6.2Amendment 2021-1 to the Corporation and Affiliates Deferred Compensation and Incentive Plan, as amended and restated effective January 1, 2020Incorporated herein by reference to Exhibit 10.6.1 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2021*
10.6.3Amendment 2021-2 to the Corporation and Affiliates Deferred Compensation and Incentive Plan, as amended and restated effective January 1, 2020Incorporated herein by reference to Exhibit 10.6.3 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021*
10.7The PNC Financial Services Group, Inc. 2016 Incentive Award PlanIncorporated herein by reference to Exhibit 99.1 of the Corporation’s Form S-8 (File No. 333-210995) filed April 29, 2016*
10.8The Corporation’s Directors Deferred Compensation Plan, as amended and restated effective January 1, 2015Incorporated herein by reference to Exhibit 10.52 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2014*
10.9The Corporation’s 2016 Incentive Award Plan Directors Deferred Stock Unit Program effective January 1, 2017Incorporated herein by reference to Exhibit 10.16 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2016*
10.10Trust Agreement between the Corporation, as settlor, and Matrix Trust Company, as trusteeIncorporated herein by reference to Exhibit 10.15 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2017*
10.11Trust Agreement between PNC Investment Corp., as settlor, and PNC Bank, National Association, as trusteeIncorporated herein by reference to Exhibit 10.34 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2005*
10.12Certificate of Corporate Action for Grantor Trusts effective January 1, 2012Incorporated herein by reference to Exhibit 10.37 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2011*
10.13Certificate of Corporate Action for Grantor Trusts effective December 1, 2021Incorporated herein by reference to Exhibit 10.14 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021*
10.14The Corporation’s Employee Stock Purchase Plan, as amended and restated as of January 1, 2020Incorporated herein by reference to Exhibit 4.4 of the Corporation’s Form S-8 (File No. 333-238049) filed May 6, 2020*
10.15The Corporation’s 2025 Employee Stock Purchase PlanIncorporated herein by reference to Exhibit 4.3 of the Corporation’s Form S-8 (File No. 333-284013) filed December 23, 2024*
10.16The Corporation’s Executive Severance Plan dated as of March 21, 2025Incorporated herein by reference to Exhibit 10.1 of the Corporation’s Current Report on Form 8-K filed March 27, 2025*
10.172023 Form of Performance Share Units Award AgreementIncorporated herein by reference to Exhibit 10.33 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023*
10.182023 Form of Restricted Share Units Award AgreementIncorporated herein by reference to Exhibit 10.34 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023*
10.192023 Form of Restricted Share Units Award Agreement – Senior Leader ProgramIncorporated herein by reference to Exhibit 10.35 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023*
10.202023 Form of Five-Year Restricted Share Units Award AgreementIncorporated herein by reference to Exhibit 10.36 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023*

190 The PNC Financial Services Group, Inc. – 2025 Form 10-K

Exhibit No.DescriptionMethod of Filing +
10.212024 Form of Performance Share Units Award AgreementIncorporated herein by reference to Exhibit 10.30 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024*
10.222024 Form of Restricted Share Units Award AgreementIncorporated herein by reference to Exhibit 10.31 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024*
10.232024 Form of Restricted Share Units Award Agreement – Senior Leader ProgramIncorporated herein by reference to Exhibit 10.32 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024*
10.242025 Form of Performance Share Units Award AgreementIncorporated herein by reference to Exhibit 10.35 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025*
10.252025 Form of Restricted Share Units Award AgreementIncorporated herein by reference to Exhibit 10.36 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025*
10.262025 Form of Restricted Share Units Award Agreement – Senior Leader ProgramIncorporated herein by reference to Exhibit 10.37 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025*
10.27Offer Letter for Mark WiedmanFiled herewith*
10.28Waiver and Release of Claims Agreement, dated as of April 28, 2025Incorporated herein by reference to Exhibit 10.34 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025*
10.29Form of Time Sharing Agreement between the Corporation and certain executivesIncorporated herein by reference to Exhibit 10.33 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022*
10.30Form of change of control employment agreementsIncorporated herein by reference to Exhibit 10.51 of the Corporation’s Current Report on Form 8-K filed August 16, 2016*
10.31.1The National City Corporation 2004 Deferred Compensation Plan, as amended and restated effective January 1, 2005Incorporated herein by reference to Exhibit 10.35 of National City Corporation’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2006*
10.31.2Amendment to The National City Corporation 2004 Deferred Compensation Plan, as amended and restated effective January 1, 2005Incorporated herein by reference to Exhibit 10.56 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2010*
10.32.1FirstBank Holding Company 2020 Restricted Non-Voting Class A Common Stock Unit PlanIncorporated herein by reference to Exhibit 4.3.1 of the Corporation’s Form S-8 (File No. 333-292575) filed January 5, 2026*
10.32.2FirstBank Holding Company 2020 Restricted Preferred Stock Unit PlanIncorporated herein by reference to Exhibit 4.3.2 of the Corporation’s Form S-8 (File No. 333-292575) filed January 5, 2026*
10.33.1Distribution Agreement, dated January 16, 2014, between PNC Bank, National Association and the Dealers named therein, relating to the $25 billion Global Bank Note Program for the Issue of Senior and Subordinated Bank NotesIncorporated herein by reference to Exhibit 10.47 of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2014

The PNC Financial Services Group, Inc. – 2025 Form 10-K 191

Exhibit No.DescriptionMethod of Filing +
10.33.2Amendment No. 1 to Distribution Agreement, dated May 22, 2015, between PNC Bank, National Association and the Dealers named therein, relating to the $30 billion Global Bank Note Program for the Issue of Senior and Subordinated Bank NotesIncorporated herein by reference to Exhibit 10.47.2 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2015
10.33.3Amendment No. 2 to Distribution Agreement, dated May 27, 2016, between PNC Bank, National Association and the Dealers named therein, relating to the $40 billion Global Bank Note Program for the Issue of Senior and Subordinated Bank NotesIncorporated herein by reference to Exhibit 10.48.3 of the Corporation’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2016
19.1Ethics and Conduct Insider Trading PolicyFiled herewith
19.2Information Barrier and Handling of Inside Information PolicyFiled herewith
19.3Control Room Procedure for Detecting and Preventing the Misuse of Material Nonpublic Information by Employees Trading PNC SecuritiesFiled herewith
21Schedule of Certain Subsidiaries of the CorporationFiled herewith
22Subsidiary Issuers of Guaranteed SecuritiesFiled herewith
23.1Consent of PricewaterhouseCoopers LLP, the Corporation’s Independent Registered Public Accounting FirmFiled herewith
24Powers of AttorneyFiled herewith
31.1Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002Filed herewith
31.2Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002Filed herewith
32.1Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350Furnished herewith
32.2Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350Furnished herewith
97Dodd-Frank Recoupment Policy effective October 2, 2023Incorporated herein by reference to Exhibit 97 of the Corporation's Annual Report on Form 10-K for the year ended December 31, 2023
101.INSInline XBRL Instance DocumentFiled herewith**
101.SCHInline XBRL Taxonomy Extension Schema DocumentFiled herewith
101.CALInline XBRL Taxonomy Extension Calculation Linkbase DocumentFiled herewith
101.LABInline XBRL Taxonomy Extension Label Linkbase DocumentFiled herewith
101.PREInline XBRL Taxonomy Extension Presentation Linkbase DocumentFiled herewith
101.DEFInline XBRL Taxonomy Extension Definition Linkbase DocumentFiled herewith
104Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
+Incorporated document references to filings by the Corporation are to SEC File No. 001-09718, and to filings by National City Corporation are to SEC File No. 001-10074.
*Denotes management contract or compensatory plan.
**The instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL.

192 The PNC Financial Services Group, Inc. – 2025 Form 10-K

You can obtain copies of these Exhibits electronically at the SEC’s website at www.sec.gov. The Exhibits are also available as part of this Form 10-K on PNC’s corporate website at www.pnc.com/secfilings. Shareholders and bondholders may also obtain copies of Exhibits, without charge, by contacting Shareholder Relations at 800-843-2206 or via e-mail at investor.relations@pnc.com. The Interactive Data File (XBRL) exhibit is only available electronically.

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