Capital Position Weakens As of Sep 30, 2017, the transitional Basel III common equity Tier 1 capital ratio was 10.3%, down from 10.6% a year ago. Tier 1 risk-based capital ratio and leverage ratio were 11.6% and 9.9%, respectively, compared with 11.9% and 10.1% at the prior-year quarter end. Share Repurchase In the third quarter, PNC Financial repurchased 4.2 million common shares for $0.5 billion. Our Viewpoint PNC Financial is well positioned to grow based on its diverse revenue mix. Further, an increase in lending activities augurs well for the company.