The company said net income for Q1 2026 was $1.8 billion ($4.13 per diluted common share), down $261 million (13%) from Q4 2025 and up $273 million (18%) from Q1 2025.

1. 01

   The company said net income for Q1 2026 was $1.8 billion ($4.13 per diluted common share), down $261 million (13%) from Q4 2025 and up $273 million (18%) from Q1 2025.

2. 02

   PNC said it acquired FirstBank Holding Company on January 5, 2026, with consideration to common and Series A preferred shareholders paid in cash and PNC common stock totaling $4.2 billion. It said FirstBank's assets, loans and deposits at closing, before purchase accounting adjustments, were $26.4 billion, $16.0 billion and $23.1 billion, respectively.

3. 03

   PNC said net interest income for Q1 2026 rose to $4.0 billion, up $230 million (6%) from Q4 2025, and net interest margin increased 11 basis points to 2.95%. The company cited FirstBank, lower funding costs and commercial loan growth as the factors.

4. 04

   The company said it returned a total of $1.4 billion to shareholders in Q1 2026, including $0.7 billion in common stock dividends and $0.7 billion in common share repurchases. The ACL related to loans was $5.5 billion as of March 31, 2026, and ACL to total loans was 1.52%.

Key figures

Quarter ended March 31, 2026

Revenue

$6.2B

Net income

$1.8B

EPS

$4.13

Operating cash flow

$1.9B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.