The PNC Financial Services Group, Inc. (PNC) 8-K Results of Businesses - Summary and Reconcilation to Total Consolidated Results

Exhibit 99.1

The PNC Financial Services Group, Inc.

Previously reported business segment financial information changed to reflect the new reporting structure for Consumer Banking and Institutional Banking

	Page
Results of Businesses - Summary and Reconcilation to Total Consolidated Results
Three months ended June 30, 2005, March 31, 2005, December 31, 2004, September 30, 2004 and June 30, 2004	1
Nine months ended September 30, 2004, six months ended June 30, 2005 and 2004, and full year 2004 and 2003	2
Consumer Banking
Three months ended June 30, 2005, March 31, 2005, December 31, 2004, September 30, 2004 and June 30, 2004	3
Nine months ended September 30, 2004, six months ended June 30, 2005 and 2004, and full year 2004 and 2003	4
Institutional Banking
Three months ended June 30, 2005, March 31, 2005, December 31, 2004, September 30, 2004 and June 30, 2004	5
Nine months ended September 30, 2004, six months ended June 30, 2005 and 2004, and full year 2004 and 2003	6

THE PNC FINANCIAL SERVICES GROUP, INC.

Results of Businesses - Summary and Reconciliation to Total Consolidated Results (Unaudited)

Three months ended – dollars in millions

	June 30 2005			March 31 2005			December 31 2004			September 30 2004			June 30 2004
Earnings
Consumer Banking	$	162		$	149		$	167		$	158		$	152
Institutional Banking		144			110			108			100			113
BlackRock		53			47			50			(10	)		48
PFPC		24			23			20			17			17
Total business segment earnings		383			329			345			265			330
Minority interest in (income) loss of BlackRock		(16	)		(14	)		(15	)		3			(14	)
Other		(85	)		39			(23	)		(10	)		(12	)
Total consolidated earnings	$	282		$	354		$	307		$	258		$	304
	June 30 2005			March 31 2005			December 31 2004			September 30 2004			June 30 2004
Revenue (a)
Consumer Banking	$	708		$	660		$	688		$	674		$	663
Institutional Banking		323			312			333			299			322
BlackRock		271			250			188			171			184
PFPC		221			230			209			203			199
Total business segment revenue		1,523			1,452			1,418			1,347			1,368
Other		(57	)		33			(5	)		(11	)		27
Total consolidated revenue	$	1,466		$	1,485		$	1,413		$	1,336		$	1,395

(a) Business segment revenue is presented on a taxable-equivalent basis except for BlackRock and PFPC. BlackRock began reporting revenue on a taxable-equivalent basis in the third quarter of 2004. PFPC revenue for all periods and second quarter 2004 BlackRock revenue is presented on a book (GAAP) basis. The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than a taxable investment. To provide more meaningful comparisons of yields and margins for all earning assets, we have increased the interest income earned on tax-exempt assets to make them fully equivalent to other taxable interest income investments. The following is a reconciliation of total consolidated revenue on a book (GAAP) basis to total consolidated revenue on a taxable-equivalent basis (in millions):

	June 30 2005		March 31 2005		December 31 2004		September 30 2004		June 30 2004
Total consolidated revenue, book (GAAP) basis	$	1,459	$	1,479	$	1,407	$	1,329	$	1,391
Taxable-equivalent adjustment		7		6		6		7		4
Total consolidated revenue, taxable-equivalent basis	$	1,466	$	1,485	$	1,413	$	1,336	$	1,395

Page 1

THE PNC FINANCIAL SERVICES GROUP, INC.

Results of Businesses - Summary and Reconciliation to Total Consolidated Results(Unaudited)

Dollars in millions	Nine months ended Sept 30, 2004			Six months ended June 30, 2005			Six months ended June 30, 2004			Full Year 2004			Full Year 2003
Earnings
Consumer Banking	$	443		$	311		$	285		$	610		$	566
Institutional Banking		335			254			235			443			391
BlackRock		93			100			103			143			155
PFPC		50			47			33			70			64
Total business segment earnings		921			712			656			1,266			1,176
Minority interest in (income) loss of BlackRock		(27	)		(30	)		(30	)		(42	)		(47	)
Other		(4	)		(46	)		6			(27	)		(100	)
Cumulative effect of accounting change														(28	)
Total consolidated earnings	$	890		$	636		$	632		$	1,197		$	1,001
	Nine months ended Sept 30, 2004			Six months ended June 30, 2005			Six months ended June 30, 2004			Full Year 2004			Full Year 2003
Revenue (a)
Consumer Banking	$	2,006		$	1,368		$	1,332		$	2,694		$	2,507
Institutional Banking		938			635			639			1,271			1,282
BlackRock		537			521			366			725			598
PFPC		605			451			402			814			762
Total business segment revenue		4,086			2,975			2,739			5,504			5,149
Other		53			(24	)		64			48			114
Total consolidated revenue	$	4,139		$	2,951		$	2,803		$	5,552		$	5,263

(a) Business segment revenue is presented on a taxable-equivalent basis except for BlackRock and PFPC. BlackRock began reporting revenue on a taxable-equivalent basis in the third quarter of 2004. PFPC revenue for all periods and six months ended 2004 and full year 2003 BlackRock revenue is presented on a book (GAAP) basis. The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than a taxable investment. To provide more meaningful comparisons of yields and margins for all earning assets, we have increased the interest income earned on tax-exempt assets to make them fully equivalent to other taxable interest income investments. The following is a reconciliation of total consolidated revenue on a book (GAAP) basis to total consolidated revenue on a taxable-equivalent basis (in millions):

	Nine months ended Sept 30, 2004		Six months ended June 30, 2005		Six months ended June 30, 2004		Full Year 2004		Full Year 2003
Total consolidated revenue, book (GAAP) basis	$	4,125	$	2,938	$	2,796	$	5,532	$	5,253
Taxable-equivalent adjustment		14		13		7		20		10
Total consolidated revenue, taxable-equivalent basis	$	4,139	$	2,951	$	2,803	$	5,552	$	5,263

Page 2

THE PNC FINANCIAL SERVICES GROUP, INC.

Consumer Banking(Unaudited)

Three months ended Taxable-equivalent basis * Dollars in millions	June 30 2005			March 31 2005			December 31 2004			September 30 2004			June 30 2004
INCOME STATEMENT
Net interest income	$	395		$	369		$	373		$	371		$	367
Noninterest income
Asset management		83			81			79			77			79
Service charges on deposits		65			57			62			63			61
Brokerage fees		56			53			52			51			55
Other		109			100			122			112			101
Total noninterest income		313			291			315			303			296
Total revenue		708			660			688			674			663
Provision for credit losses		15			14			13			14			4
Noninterest expense
Compensation and employee benefits		211			201			209			200			199
Net occupancy and equipment		79			76			74			75			77
Other		144			132			129			135			143
Total noninterest expense		434			409			412			410			419
Pretax earnings		259			237			263			250			240
Income taxes		97			88			96			92			88
Earnings	$	162		$	149		$	167		$	158		$	152
AVERAGE BALANCE SHEET
Loans
Consumer
Home equity	$	13,267		$	12,803		$	12,562		$	12,163		$	11,545
Indirect		917			892			881			879			836
Other consumer		1,171			1,141			1,194			1,202			1,197
Total consumer		15,355			14,836			14,637			14,244			13,578
Commercial		5,033			4,821			4,631			4,552			4,388
Floor plan		1,050			1,013			961			929			1,037
Residential mortgage		1,326			776			817			856			914
Other		269			280			284			289			298
Total loans		23,033			21,726			21,330			20,870			20,215
Goodwill		1,248			1,144			1,153			1,158			1,159
Loans held for sale		1,455			1,345			1,221			1,238			1,156
Other assets		1,710			1,634			1,710			1,688			1,838
Total assets	$	27,446		$	25,849		$	25,414		$	24,954		$	24,368
Deposits
Noninterest-bearing demand	$	7,529		$	7,200		$	7,373		$	7,161		$	6,904
Interest-bearing demand		7,929			7,710			7,758			7,599			7,601
Money market		13,175			12,902			12,795			13,010			13,486
Total transaction deposits		28,633			27,812			27,926			27,770			27,991
Savings		2,712			2,766			2,762			2,686			2,573
Certificates of deposit		11,107			10,171			9,634			8,991			8,548
Total deposits		42,452			40,749			40,322			39,447			39,112
Other liabilities		396			408			463			461			495
Capital		2,774			2,748			2,717			2,680			2,665
Total funds	$	45,622		$	43,905		$	43,502		$	42,588		$	42,272
PERFORMANCE RATIOS
Return on capital		23	%		22	%		24	%		23	%		23	%
Noninterest income to total revenue		44			44			46			45			45
Efficiency		61			62			60			61			63

* See note (a) on Page 1.

Page 3

THE PNC FINANCIAL SERVICES GROUP, INC.

Consumer Banking(Unaudited)

Taxable-equivalent basis * Dollars in millions	Nine months ended Sept 30, 2004			Six months ended June 30, 2005			Six months ended June 30, 2004			Full Year 2004			Full Year 2003
INCOME STATEMENT
Net interest income	$	1,098		$	764		$	727		$	1,471		$	1,330
Noninterest income
Asset management		238			164			161			317			313
Service charges on deposits		181			122			118			243			229
Brokerage fees		164			109			113			215			198
Other		325			209			213			448			437
Total noninterest income		908			604			605			1,223			1,177
Total revenue		2,006			1,368			1,332			2,694			2,507
Provision for credit losses		48			29			34			61			43
Noninterest expense
Compensation and employee benefits		608			412			408			819			775
Net occupancy and equipment		231			155			156			306			288
Other		420			276			285			546			511
Total noninterest expense		1,259			843			849			1,671			1,574
Pretax earnings		699			496			449			962			890
Income taxes		256			185			164			352			324
Earnings	$	443		$	311		$	285		$	610		$	566
AVERAGE BALANCE SHEET
Loans
Consumer
Home equity	$	11,311		$	13,037		$	10,880		$	11,625		$	8,934
Indirect		830			904			805			843			477
Other consumer		1,243			1,156			1,263			1,231			1,178
Total consumer		13,384			15,097			12,948			13,699			10,589
Commercial		4,413			4,927			4,367			4,468			3,687
Floor plan		974			1,031			996			970			844
Residential mortgage		913			1,053			941			888			710
Other		292			275			272			291			279
Total loans		19,976			22,383			19,524			20,316			16,109
Goodwill		1,155			1,197			1,154			1,155			582
Loans held for sale		1,170			1,400			1,135			1,183			1,164
Other assets		1,887			1,672			2,078			1,842			1,608
Total assets	$	24,188		$	26,652		$	23,891		$	24,496		$	19,463
Deposits
Noninterest-bearing demand	$	6,928		$	7,366		$	6,799		$	7,040		$	6,076
Interest-bearing demand		7,595			7,820			7,594			7,636			6,917
Money market		13,260			13,039			13,386			13,143			13,181
Total transaction deposits		27,783			28,225			27,779			27,819			26,174
Savings		2,598			2,738			2,552			2,640			2,044
Certificates of deposit		8,742			10,642			8,616			8,966			8,704
Total deposits		39,123			41,605			38,947			39,425			36,922
Other liabilities		542			402			582			521			427
Capital		2,677			2,761			2,676			2,687			2,544
Total funds	$	42,342		$	44,768		$	42,205		$	42,633		$	39,893
PERFORMANCE RATIOS
Return on capital		22	%		23	%		21	%		23	%		22	%
Noninterest income to total revenue		45			44			45			45			47
Efficiency		63			62			64			62			63

* See note (a) on Page 2.

Page 4

THE PNC FINANCIAL SERVICES GROUP, INC.

Institutional Banking(Unaudited)

Three months ended Taxable-equivalent basis * Dollars in millions	June 30 2005			March 31 2005			December 31 2004			September 30 2004			June 30 2004
INCOME STATEMENT
Net interest income	$	182		$	176		$	183		$	180		$	171
Noninterest income
Net commercial mortgage banking
Net gains on loan sales		18			9			20			6			14
Servicing and other fees, net of amortization		15			14			12			12			12
Net gains on institutional loans held for sale		2			2			2			5			17
Other		106			111			116			96			108
Noninterest income		141			136			150			119			151
Total revenue		323			312			333			299			322
Provision for credit losses		(48	)		(4	)		9			1			8
Noninterest expense		168			167			181			166			162
Pretax earnings		203			149			143			132			152
Noncontrolling interests in income of consolidated entities		(11	)		(11	)		(11	)		(12	)		(10	)
Income taxes		70			50			46			44			49
Earnings	$	144		$	110		$	108		$	100		$	113
AVERAGE BALANCE SHEET
Loans
Corporate banking	$	10,940		$	10,417		$	10,139		$	9,776		$	9,669
Commercial real estate		2,139			1,807			1,824			1,902			1,934
Commercial - real estate related		2,090			1,782			1,743			1,704			1,465
PNC Business Credit		4,303			4,050			3,976			3,838			3,788
Total loans		19,472			18,056			17,682			17,220			16,856
Loans held for sale		694			598			555			349			493
Other assets		6,014			5,430			4,514			4,010			4,640
Total assets	$	26,180		$	24,084		$	22,751		$	21,579		$	21,989
Deposits	$	9,165		$	8,683		$	8,536		$	7,882		$	6,981
Commercial paper		2,168			2,127			1,954			1,679			1,815
Other liabilities		4,005			3,777			3,395			2,944			3,583
Capital		1,671			1,692			1,590			1,586			1,659
Total funds	$	17,009		$	16,279		$	15,475		$	14,091		$	14,038
PERFORMANCE RATIOS
Return on capital		35	%		26	%		27	%		25	%		27	%
Noninterest income to total revenue		44			44			45			40			47
Efficiency		52			54			54			56			50

* See note (a) on Page 1.

Page 5

THE PNC FINANCIAL SERVICES GROUP, INC.

Institutional Banking(Unaudited)

Taxable-equivalent basis * Dollars in millions	Nine months ended Sept 30, 2004			Six months ended June 30, 2005			Six months ended June 30, 2004			Full Year 2004			Full Year 2003
INCOME STATEMENT
Net interest income	$	515		$	358		$	335		$	698		$	680
Noninterest income
Net commercial mortgage banking
Net gains on loan sales		30			27			24			50			52
Servicing and other fees, net of amortization		35			29			23			47			39
Net gains on institutional loans held for sale		50			4			45			52			69
Other		308			217			212			424			442
Noninterest income		423			277			304			573			602
Total revenue		938			635			639			1,271			1,282
Provision for credit losses		(4	)		(52	)		(5	)		5			121
Noninterest expense		490			335			324			671			634
Pretax earnings		452			352			320			595			527
Noncontrolling interests in income of consolidated entities		(32	)		(22	)		(20	)		(43	)		(21	)
Income taxes		149			120			105			195			157
Earnings	$	335		$	254		$	235		$	443		$	391
AVERAGE BALANCE SHEET
Loans
Corporate banking	$	9,773		$	10,680		$	9,771		$	9,865		$	9,410
Commercial real estate		1,838			1,974			1,806			1,834			1,872
Commercial - real estate related		1,594			1,937			1,537			1,631			1,404
PNC Business Credit		3,745			4,177			3,698			3,803			3,551
Total loans		16,950			18,768			16,812			17,133			16,237
Loans held for sale		442			646			489			470			572
Other assets		4,452			5,724			4,678			4,470			4,214
Total assets	$	21,844		$	25,138		$	21,979		$	22,073		$	21,023
Deposits	$	7,188		$	8,925		$	6,837		$	7,527		$	6,354
Commercial paper		1,868			2,148			1,963			1,889			1,232
Other liabilities		3,444			3,892			3,698			3,433			3,250
Capital		1,700			1,681			1,757			1,672			1,994
Total funds	$	14,200		$	16,646		$	14,255		$	14,521		$	12,830
PERFORMANCE RATIOS
Return on capital		26	%		30	%		27	%		26	%		20	%
Noninterest income to total revenue		45			44			48			45			47
Efficiency		52			53			51			53			49

* See note (a) on Page 2.

Page 6