Earnings summaries and quarterly performance for PNC FINANCIAL SERVICES GROUP.
Executive leadership at PNC FINANCIAL SERVICES GROUP.
Board of directors at PNC FINANCIAL SERVICES GROUP.
Andrew Feldstein
Detailed
Presiding Director
Bryan Salesky
Detailed
Director
Daniel Hesse
Detailed
Director
Debra Cafaro
Detailed
Director
Douglas Dachille
Detailed
Director
Joseph Alvarado
Detailed
Director
Linda Medler
Detailed
Director
Marjorie Rodgers Cheshire
Detailed
Director
Martin Pfinsgraff
Detailed
Director
Renu Khator
Detailed
Director
Richard Harshman
Detailed
Director
Robert Niblock
Detailed
Director
Research analysts who have asked questions during PNC FINANCIAL SERVICES GROUP earnings calls.
Betsy Graseck
Morgan Stanley
6 questions for PNC
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Ebrahim Poonawala
Bank of America Securities
6 questions for PNC
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Gerard Cassidy
RBC Capital Markets
6 questions for PNC
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John Pancari
Evercore ISI
6 questions for PNC
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Bill Carcache
Wolfe Research, LLC
4 questions for PNC
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Erika Najarian
UBS
4 questions for PNC
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Matthew O'Connor
Deutsche Bank
4 questions for PNC
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Scott Siefers
Piper Sandler
4 questions for PNC
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Ken Usdin
Autonomous Research
3 questions for PNC
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Michael Mayo
Wells Fargo
3 questions for PNC
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Mike Mayo
Wells Fargo
3 questions for PNC
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KBW
2 questions for PNC
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John McDonald
Truist Securities
2 questions for PNC
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Christopher McGratty
Keefe, Bruyette & Woods
1 question for PNC
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David George
Baird
1 question for PNC
Also covers: CMA
Kenneth Usdin
Jefferies
1 question for PNC
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L. Erika Penala
UBS
1 question for PNC
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Matt O'Connor
Deutsche Bank
1 question for PNC
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R. Scott Siefers
Piper Sandler Companies
1 question for PNC
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Saul Martinez
HSBC
1 question for PNC
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Scott Seifers
Piper Sandler
1 question for PNC
Also covers: MTB
Steven Alexopoulos
JPMorgan Chase & Co.
1 question for PNC
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Recent press releases and 8-K filings for PNC.
PNC receives regulatory approvals for acquisition of FirstBank
PNC
M&A
- Received regulatory approvals from the Federal Reserve, the Office of the Comptroller of the Currency, and the Colorado Division of Banking for its acquisition of FirstBank Holding Company and its banking subsidiary.
- Transaction is expected to close on or about Jan. 5, 2026, subject to customary closing conditions.
- Post-close integration into PNC’s national platform will begin immediately, with full customer conversion anticipated by mid-2026.
8 days ago
PNC receives regulatory approvals for FirstBank acquisition
PNC
M&A
- PNC secured approvals from the Federal Reserve, OCC and Colorado Division of Banking to acquire FirstBank.
- The deal is expected to close on or about Jan. 5, 2026, subject to customary conditions.
- Upon closing, PNC will integrate FirstBank into its national platform with full customer conversion targeted for mid-2026.
- The acquisition strengthens PNC’s coast-to-coast franchise and expands its presence in the Rocky Mountain and Southwest regions.
Dec 12, 2025, 6:33 PM
PNC Bank cuts prime lending rate to 6.75%
PNC
- PNC Bank, N.A. decreases its prime lending rate to 6.75%, effective Dec. 11, 2025
- PNC Bank is part of The PNC Financial Services Group, Inc. (NYSE: PNC), one of the largest diversified financial services institutions in the U.S.
- The bank offers a full range of retail and business lending products and specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending
Dec 10, 2025, 10:05 PM
PNC outlines strategic priorities and financial outlook at Goldman Sachs conference
PNC
Guidance Update
New Projects/Investments
M&A
- CEO Demchak sees U.S. GDP at ~2% next year with a few rate cuts late 2025, then stable rates thereafter.
- Maintains FY guidance of > $1 billion net interest income growth, with higher fees and commensurate expense increases.
- Plans 300 new branches, a data-center refresh, microservices rollout for digital platforms, credit-card platform upgrades, and a Coinbase-powered crypto offering live in five months.
- C&I loans up ~4% over two years; real-estate loans down 14%, with CRE lending expected to inflect positively; overall loan growth of ~1% in Q4.
- CET1 ratio at 10.7%, targeting 10%, with > $5 billion capital capacity to accelerate buybacks and pursue selective M&A following First Bank integration.
Dec 9, 2025, 6:00 PM
PNC outlines strategic priorities and outlook at Goldman Sachs US Financial Services Conference
PNC
Guidance Update
M&A
Share Buyback
- PNC sees a stable economy with close to 2% GDP growth in 2026, expects a couple of Fed rate cuts late in 2025 before rates plateau, and reports continued consumer balance growth with no sign of a K-shaped consumer split.
- Maintains net interest income guidance of comfortably over $1 billion growth (excluding First Bank), sees potential upside from >1% loan growth, and targets reaching a 3.0% net interest margin in 2026.
- Plans to build 300 new branches in 2026 to bolster retail funding and scale, while investing in data center resilience, microservices migration across platforms, and launching crypto services for wealth clients via Coinbase.
- Anticipates a CRE lending inflection in 2026 after a 14% run-off, with C&I loans up ~4% over two years and rising middle-market M&A financing activity driving utilization.
- Holds a 10.7% CET1 ratio with over $5 billion of excess capital for aggressive share repurchases, views a 10% capital target as appropriate, and expects the First Bank deal to be EPS neutral in 2025, adding $1 per share in run-rate earnings thereafter.
Dec 9, 2025, 6:00 PM
PNC outlines strategic priorities and financial outlook at Goldman Sachs conference
PNC
Guidance Update
New Projects/Investments
Share Buyback
- The U.S. economy remains strong, with consumer spending rising, GDP expected near 2%, and PNC anticipates rate cuts late in 2025 followed by a stable policy environment.
- Q4 fee revenue is outperforming guidance driven by capital markets momentum, and PNC forecasts over $1 billion in net interest income growth and a 3% net interest margin by 2026.
- PNC will expand retail scale by building 300 new branches and investing in technology—including data center resilience, microservices architecture, crypto wealth integration, and a revamped credit card platform—to boost agility and product rollout speed.
- With a 10.7% CET1 ratio and more than $5 billion of capital capacity, PNC plans to target a 10% capital level, accelerate share repurchases, and remain selective on M&A beyond the recently completed First Bank acquisition.
Dec 9, 2025, 6:00 PM
PNC to acquire FirstBank after strong Q3 2025 performance
PNC
Earnings
M&A
- FirstBank reported $216.4 million net income for Q3 2025, a 37% increase year-over-year from $157.65 million in Q3 2024.
- As of September 30, 2025, FirstBank’s total deposits were $23.2 billion, net loans $16 billion, and total assets $26.7 billion.
- PNC agreed to acquire FirstBank in a deal expected to close in early 2026, pending regulatory approvals and customary closing conditions.
- Post-acquisition, FirstBank CEO Kevin Classen will serve as PNC’s Colorado Regional President and Mountain Territory Executive.
Nov 12, 2025, 6:00 PM
PNC plans $2B branch expansion across US markets by 2030
PNC
New Projects/Investments
Hiring
M&A
- PNC will invest $2 billion to open over 300 new branches in nearly 20 U.S. markets by 2030, targeting denser local share and accelerated growth.
- Expansion focuses on existing high-growth regions, including 35 new branches in Nashville, 25 in Chicago, plus additional sites in Florida and North Carolina, and builds on its $4.1 billion FirstBank acquisition in Denver and Phoenix.
- The bank plans to hire 2,000 employees and renovate its entire branch network by 2029 to modernize customer environments and enhance engagement.
- PNC emphasizes that physical branches remain critical for regulatory compliance, customer confidence, and deposit growth, aiming for about 7% local market share.
Nov 8, 2025, 2:58 AM
PNC outlines retail banking growth strategy at BAB conference
PNC
New Projects/Investments
Product Launch
M&A
- Large retail franchise: $243 B low-cost deposits, $97 B loans, generating $15 B net revenue L12 M; 14 % net revenue CAGR over three years and ~$300 M reduction in direct expenses to improve efficiency.
- Network expansion: branch count increasing to 300 by 2030 (from 200), targeting scale in 18 of the top 30 U.S. markets (vs. six today); organic builds expected to drive $20 B+ deposit growth; pending First Bank acquisition to become #1 in Denver and a leading player in Phoenix.
- Digital and client experience: 77 % of customers digitally active; consumer DDA sales up 30 % YoY; branch net promoter scores up 10 points over three years; rolling out a new mobile app in H1 2026.
- M&A discipline: strong IRRs on the First Bank deal; PNC trading at a PE discount despite top-quartile NII, fee revenue, and 12 % PPNR growth YTD; will prioritize organic growth if valuations remain unattractive.
Nov 7, 2025, 3:35 PM
PNC outlines retail expansion and growth strategy at BAB conference
PNC
New Projects/Investments
M&A
Share Buyback
- PNC plans to expand branch builds to 300 by 2030 (up from 200), and pending regulatory approval, will acquire FirstBank—becoming the #1 retail bank in Denver and a leading player in Phoenix.
- Its retail franchise comprises $243 B of low-cost deposits, $97 B of loans, and generated $15 B of net revenue over the last 12 months, achieving 14 % net revenue CAGR and cutting direct expenses by ~$300 M to deliver a flat expense base over three years.
- Digital and in-branch channels drove record DDA sales, with 30 % YoY growth in digital consumer DDA sales, 77 % of clients digitally active, completion of online platform migration, and a new mobile app slated for H1 2026.
- PNC is scaling its affluent and card businesses by adding dedicated advisors, launching securities-based lending and rewards, and upgrading its credit card suite; card balances have begun to inflect following recent strategic hires.
- For 2026, PNC projects ~$1 B in net interest income growth from repricing $65 B of assets, an early-2026 inflection in CRE loan runoff, a deposit beta moving into the mid-40 % range, and $300 M–$400 M in Q4 share repurchases.
Nov 7, 2025, 3:35 PM
Quarterly earnings call transcripts for PNC FINANCIAL SERVICES GROUP.
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