WS Investor
16 Apr 2026, 09:57
PNC Financial Services reported first-quarter net income of $1.8 billion, with diluted earnings per share of $4.13, or $4.32 on an adjusted basis.
Revenue rose 2% to $6.2 billion, supported by a 6% increase in net interest income to $4.0 billion, while the net interest margin improved to 2.95%. Loan growth remained strong, with average loans rising 7% and deposits increasing 4%, partly driven by the recent acquisition of FirstBank.
Expenses increased due to integration costs related to the acquisition, while fee income declined slightly. The bank maintained a solid capital position with a CET1 ratio of 10.1% and returned $1.4 billion to shareholders through dividends and buybacks.
PNC said client activity remains robust and highlighted continued momentum following the completion of the FirstBank acquisition earlier in the year.
PRNewswire
Revenue rose 2% to $6.2 billion, supported by a 6% increase in net interest income to $4.0 billion, while the net interest margin improved to 2.95%. Loan growth remained strong, with average loans rising 7% and deposits increasing 4%, partly driven by the recent acquisition of FirstBank.
Expenses increased due to integration costs related to the acquisition, while fee income declined slightly. The bank maintained a solid capital position with a CET1 ratio of 10.1% and returned $1.4 billion to shareholders through dividends and buybacks.
PNC said client activity remains robust and highlighted continued momentum following the completion of the FirstBank acquisition earlier in the year.
PRNewswire
