NYSE:PNC

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
PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.70 per share. The dividend will be payable May 5, 2026, to shareholders of record at the close of business April 14, 2026.

The board also declared a cash dividend to shareholders of some series of preferred stocks
PNC Financial Services Group announced new initiatives under its PNC Grow Up Great® program to promote early childhood education through outdoor learning and classroom innovation.

As part of the effort, the PNC Foundation will provide a $6.2 million grant to Sesame Workshop to support a multi-year school readiness initiative focused on play-based and outdoor learning. The program will deliver educational resources, including videos, activity materials, and digital tools aimed at strengthening children’s science, math, and literacy skills.

Additionally, PNC is expanding its collaboration with DonorsChoose by funding nearly 1,000 classroom projects and continuing financial support for early education initiatives. The company also announced increased volunteer grants to encourage employee participation in community programs.

The initiatives are part of PNC’s broader commitment to early childhood development, with a long-term focus on improving access to educational resources, particularly in underserved communities.
PRNewswire
PNC Launches Monthly Consumer Health Check to Track U.S. Spending Trends

The PNC Financial Services Group, Inc. announced the launch of its new Monthly Consumer Health Check, a data-driven report designed to provide real-time insights into U.S. consumer activity and broader economic conditions.

The report leverages PNC’s proprietary, anonymized and aggregated transaction data to analyze consumer spending trends, transaction volumes, savings levels, cash-flow patterns and employment indicators. It will be published monthly and aims to offer timely guidance for business leaders, investors and households.

According to Alex Overstrom, head of Retail Banking at PNC, the bank’s national footprint provides a real-time view into the financial lives of American consumers. Gagan Singh, PNC’s chief investment officer and head of Economics, noted that the report is intended to help clients interpret fast-moving economic signals and make more informed investment decisions.

The Monthly Consumer Health Check includes headline spending momentum, category-level trends across essentials and discretionary items, household financial resilience indicators, and forward-looking commentary from PNC economists. The bank stated that the index is built using anonymized data with strict privacy safeguards and seasonal adjustments.

PRNewswire
PNC Financial Services Group reported full-year 2025 net income of $7.0 billion, translating to diluted earnings per share of $16.59, supported by record revenue generation and 5% positive operating leverage. The bank also announced an increase in its planned share repurchase activity, reflecting confidence in capital strength and earnings momentum.

In the fourth quarter of 2025, PNC delivered net income of $2.0 billion, or $4.88 per diluted share, driven by growth in net interest income, net interest margin, and noninterest income, alongside higher loan and deposit balances. Subsequent to year-end, PNC closed its acquisition of FirstBank on January 5, 2026, marking a strategic expansion that is expected to further support balance sheet growth and long-term earnings.
PNC announced it will redeem a total of $1.75 billion in senior bank notes on January 15, 2026, a year ahead of their original maturity. The redemption includes $500 million of senior floating rate notes and $1.25 billion of 4.775% senior fixed rate/floating rate notes, both originally due January 15, 2027.

The notes will be redeemed at 100% of principal plus any accrued and unpaid interest up to the redemption date, after which interest will stop accruing. Payments will be made through The Depository Trust Company.

Source: PR Newswire, PNC Financial Services Group press release, January 6, 2026.
PNC Financial Services Group has completed its acquisition of FirstBank Holding Company, including its banking subsidiary, FirstBank, after receiving all required regulatory approvals and meeting customary closing conditions. PNC said the deal supports its strategic growth plan and expands its footprint in what it described as high-growth communities across Colorado and Arizona.

PNC Chairman and CEO William S. Demchak framed the closing as the start of a longer-term partnership, saying the combination brings together FirstBank’s local relationships with PNC’s national capabilities to broaden opportunities for customers and communities. FirstBank CEO Kevin Classen said the transaction provides additional scale and resources while maintaining a focus on local service and community impact, and noted that teams are working together to support a smooth transition.

With the legal close completed, PNC will begin integrating FirstBank into its national platform. Customer conversion is expected to take place in summer 2026; until then, FirstBank customers will continue using their existing branches, digital channels, and relationship teams, with PNC stating it will provide conversion details ahead of the change.

PNC also disclosed a preferred equity mechanics item tied to the transaction: FirstBank Holding Company’s outstanding Series B preferred stock automatically converts into a newly created PNC preferred series designated Series X. PNC’s board declared a quarterly cash dividend on the Series X preferred stock for shareholders of record as of January 15, 2026, set at $18.13 per preferred share, payable January 29, 2026.
PNC Financial Services Group announced that it has received all required regulatory approvals to complete its previously disclosed acquisition of FirstBank Holding Company, including approvals from the Federal Reserve, the Office of the Comptroller of the Currency, and the Colorado Division of Banking. The transaction is expected to close on or about January 5, 2026, subject to customary closing conditions, with full customer conversion planned for mid-2026. The acquisition is set to expand PNC’s presence in the Rocky Mountain region and the Southwest, including Colorado and Arizona.

Source: The PNC Financial Services Group, PR Newswire
The PNC Financial Services Group, Inc. (NYSE: PNC) will issue financial results for the fourth quarter and full year 2025 at approximately 6:30 a.m. (ET) and hold a conference call for investors at 9 a.m. (ET), Friday, Jan. 16, 2026,
The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.70 per share. The dividend will be payable Nov. 5, 2025, to shareholders of record at the close of business Oct. 14, 2025.

The board also declared a cash dividend on some series of preferred stocks.
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10-15-26The Investor