PNC Releases Results Of Annual Dodd-Frank Company-Run Stress Test

Thu Mar 7, 2013 5:04pm EST

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PITTSBURGH,  March 7, 2013  /PRNewswire/ -- The PNC Financial Services Group,
Inc. (NYSE: PNC) announced today the results of its annual company-run stress
test conducted in accordance with regulations of the Board of Governors of the
Federal Reserve System (Federal Reserve) and the Office of the Comptroller of
the Currency (OCC) under the Dodd-Frank Wall Street Reform and Consumer
Protection Act. These company-run stress tests are designed to help assess
whether financial institutions have sufficient capital to absorb losses and
support operations during hypothetical severely adverse economic conditions over
a nine quarter planning period from  Oct. 1, 2012  to  Dec. 31, 2014.

The severely adverse scenario provided by the Federal Reserve and OCC for the
2013 company-run stress tests assumes a deep recession that begins in the fourth
quarter of 2012 followed by a recovery starting in the second quarter of 2014.
Under this hypothetical scenario, PNC estimates that as of  Dec. 31, 2014, its
Basel I capital ratios would be as follows:

 Tier 1 Common   7.9%   Total Risk-Based Capital  12.6%  
 Tier 1 Capital  10.0%  Tier 1 Leverage           8.0%   

Each ratio also represents the minimum quarterly ratio over the projection
period. These ratios were calculated using PNC's actual capital actions
undertaken in the fourth quarter of 2012 and applying capital action assumptions
for the remaining eight quarters specified by the regulations. These assumptions
include no issuances or redemptions of regulatory capital instruments and a
quarterly common stock dividend calculated as the quarterly average of the
common stock dividend paid in 2012, or  $.3875  for PNC. These results are the
product of a forward looking regulatory exercise using hypothetical
macroeconomic assumptions, and do not represent a forecast of PNC's future
capital levels or anticipated economic conditions.  

Results of PNC's annual Dodd-Frank company-run stress test, including PNC's
estimates of pre-provision net revenue, other revenue, loan and other losses,
net income before taxes, and Basel I regulatory capital ratios for both PNC and
PNC Bank, N.A., as well as additional information on the methodologies used in
conducting the stress test, may be found on the Investor Relations page of PNC's
corporate website at  under Regulatory

The PNC Financial Services Group, Inc. ( is one of the nation's
largest diversified financial services organizations providing retail and
business banking; residential mortgage banking; specialized services for
corporations and government entities, including corporate banking, real estate
finance and asset-based lending; wealth management and asset management.  


Fred Solomon
(412) 762-4550

William H. Callihan
(412) 762-8257

SOURCE  PNC Financial Services Group, Inc.

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