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.
AF
Andrew Feldstein
Detailed
Presiding Director
BS
Bryan Salesky
Detailed
Director
DH
Daniel Hesse
Detailed
Director
DC
Debra Cafaro
Detailed
Director
DD
Douglas Dachille
Detailed
Director
JA
Joseph Alvarado
Detailed
Director
LM
Linda Medler
Detailed
Director
MR
Marjorie Rodgers Cheshire
Detailed
Director
MP
Martin Pfinsgraff
Detailed
Director
RK
Renu Khator
Detailed
Director
RH
Richard Harshman
Detailed
Director
RN
Robert Niblock
Detailed
Director
Research analysts who have asked questions during PNC FINANCIAL SERVICES GROUP earnings calls.
BG
Betsy Graseck
Morgan Stanley
6 questions for PNC
Also covers: BAC, BK, C +8 more
Ebrahim Poonawala
Bank of America Securities
6 questions for PNC
Also covers: , BK, BMO +30 more
Gerard Cassidy
RBC Capital Markets
6 questions for PNC
Also covers: BAC, BK, BPOP +14 more
JP
John Pancari
Evercore ISI
6 questions for PNC
Also covers: ALLY, BFH, CFG +16 more
Bill Carcache
Wolfe Research, LLC
4 questions for PNC
Also covers: BFH, CMA, COF +10 more
Erika Najarian
UBS
4 questions for PNC
Also covers: AXP, BAC, C +14 more
MO
Matthew O'Connor
Deutsche Bank
4 questions for PNC
Also covers: BAC, C, CFG +11 more
SS
Scott Siefers
Piper Sandler
4 questions for PNC
Also covers: ASB, CFG, FITBI +6 more
KU
Ken Usdin
Autonomous Research
3 questions for PNC
Also covers: BAC, BK, C +11 more
MM
Michael Mayo
Wells Fargo
3 questions for PNC
Also covers: BAC, BK, C +10 more
MM
Mike Mayo
Wells Fargo
3 questions for PNC
Also covers: BAC, BK, C +11 more
CM
Chris McGratty
KBW
2 questions for PNC
Also covers: BAC, C, CFG +13 more
JM
John McDonald
Truist Securities
2 questions for PNC
Also covers: BAC, C, FHN +6 more
Christopher McGratty
Keefe, Bruyette & Woods
1 question for PNC
Also covers: ASB, BAC, BANC +33 more
DG
David George
Baird
1 question for PNC
Also covers: CMA
KU
Kenneth Usdin
Jefferies
1 question for PNC
Also covers: BK, C, FITB +7 more
LE
L. Erika Penala
UBS
1 question for PNC
Also covers: AXP, BAC, CFG +9 more
MO
Matt O'Connor
Deutsche Bank
1 question for PNC
Also covers: BAC, JPM, KEY +5 more
RS
R. Scott Siefers
Piper Sandler Companies
1 question for PNC
Also covers: ASB, CFG, FITB +6 more
SM
Saul Martinez
HSBC
1 question for PNC
Also covers: AXP, BAC, C +6 more
SS
Scott Seifers
Piper Sandler
1 question for PNC
Also covers: MTB
SA
Steven Alexopoulos
JPMorgan Chase & Co.
1 question for PNC
Also covers: BAC, C, CFG +10 more
Recent press releases and 8-K filings for PNC.
PNC Financial Services Group redeems senior notes due 2027
PNC
- All outstanding $500 million Senior Floating Rate Bank Notes due Jan. 15, 2027 will be redeemed on Jan. 15, 2026 at 100% of principal plus accrued interest.
- All outstanding $1.25 billion 4.775% Senior Fixed Rate/Floating Rate Notes due Jan. 15, 2027 will be redeemed on Jan. 15, 2026 at 100% of principal plus accrued interest.
- Interest on both series will cease to accrue on the redemption date, with payment made through The Depository Trust Company.
3 days ago
PNC completes acquisition of FirstBank and establishes Series X preferred stock
PNC
M&A
Convertible Preferred Issuance
Dividends
- PNC completed its acquisition of FirstBank Holding Company after all regulatory approvals, expanding its presence in Colorado and Arizona; customer conversion is expected this summer.
- PNC filed a statement establishing 200,000 shares of 7.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series X, par value $1,000 per share.
- At closing, 115,200 shares of FirstBank Series B preferred were converted into PNC Series X Preferred Stock.
- The Board declared a quarterly cash dividend of $18.13 per Series X share, with record date Jan. 15, 2026 and payment date Jan. 29, 2026.
3 days ago
PNC completes acquisition of FirstBank
PNC
M&A
Dividends
- PNC has completed its acquisition of FirstBank Holding Company, including its banking subsidiary, following all required regulatory approvals and customary closing conditions.
- The transaction expands PNC’s presence in high-growth communities in Colorado and Arizona, advancing its national growth strategy.
- PNC will begin integrating FirstBank into its platform with customer conversion expected this summer; until then, FirstBank clients will continue to use existing branches, websites, mobile apps and relationship teams.
- FirstBank’s outstanding Series B preferred shares are converted into PNC Series X preferred, with a $18.13 quarterly cash dividend declared (record date Jan. 15, 2026; payment date Jan. 29, 2026).
3 days ago
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.
Dec 12, 2025, 6:52 PM
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
Quarterly earnings call transcripts for PNC FINANCIAL SERVICES GROUP.
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