PNC FINANCIAL SERVICES GROUP, INC.

PNC Financial Services Group announced the completion of the conversion of FirstBank customers and branches to PNC Bank. This follows the acquisition of FirstBank on January 5, 2026, and its merger into PNC Bank on June 18, 2026. The conversion integrated 780,000 customers, over 1,620 employees, and 95 branches in Colorado and Arizona, significantly strengthening PNC's market presence and expanding its nationwide network.

PNC Financial Services Group, Inc. completed the public offer and sale of $1.65 billion in senior notes on May 26, 2026. The offering included $1.35 billion of 4.618% Fixed Rate/Floating Rate Senior Notes and $300 million of Senior Floating Rate Notes, both due October 26, 2029. The notes were sold pursuant to an underwriting agreement with PNC Capital Markets LLC, Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC.

PNC Financial Services Group's Board of Directors approved the 2026 Omnibus Equity Incentive Plan on March 5, 2026. This plan outlines various types of awards, including options, share awards, restricted shares, and performance awards, designed to incentivize employees and officers. The plan defines key terms such as "Award," "Cause," and "10% Shareholder," providing a framework for compensation and retention.

PNC Financial Services Group delivered solid first-quarter 2026 results, reporting $1.8 billion in net income and $4.32 adjusted diluted EPS. The company achieved a 7% increase in average loans and a 2% rise in total revenue, driven by strong legacy loan growth and increased net interest income. PNC also maintained a strong capital position, returned $1.4 billion to shareholders, and successfully closed the FirstBank acquisition.

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.