Quarterly ResultApr 15, 2026, 06:46 AM
PNC Reports Q1 2026 Results; FirstBank Acquisition Completed
AI Summary
PNC Financial Services Group, Inc. released its preliminary, unaudited financial supplement for the first quarter of 2026. The company reported total interest income of $6,444 million for the quarter. The results include the impact of the acquisition of FirstBank Holding Company, which was completed on January 5, 2026, adding $26 billion in assets, $16 billion in loans, and $23 billion in deposits. PNC also updated its defined loan classes, reclassifying equipment lease financing and education loans.
Key Highlights
- Q1 2026 Total interest income was $6,444 million.
- Acquisition of FirstBank Holding Company completed on January 5, 2026.
- FirstBank had $26 billion in assets at acquisition.
- FirstBank contributed $16 billion in loans and $23 billion in deposits.
- PNC updated loan classes effective January 1, 2026.