---
schema_version: "secwatch.filing_event.v1"
accession: "0000713676-26-000003"
form_type: "8-K"
ticker: "PNC"
cik: "0000713676"
company_name: "PNC FINANCIAL SERVICES GROUP, INC."
filed_at: "2026-01-05T23:59:59+00:00"
generated_at: "2026-05-16T11:45:45.899311+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PNC completes acquisition of FirstBank; issues Series X preferred, declares $18.13 dividend

## Summary
- PNC completed acquisition of FirstBank Holding Co. on Jan 5, 2026, after receiving all regulatory approvals.
- FirstBank Series B preferred stock automatically converted into PNC Series X preferred stock (7.250% fixed-rate reset, non-cumulative).
- PNC declared a quarterly cash dividend of $18.13 per Series X preferred share; record Jan 15, 2026, payable Jan 29, 2026.
- Customer conversion expected in summer 2026; FirstBank customers continue with current channels until then.
- Acquisition expands PNC's presence in Colorado and Arizona, adding scale in high-growth markets.

## SEC filing metadata
- accession: 0000713676-26-000003
- form_type: 8-K
- ticker: PNC
- cik: 0000713676
- company_name: PNC FINANCIAL SERVICES GROUP, INC.
- filed_at: 2026-01-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/713676/000071367626000003/0000713676-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/713676/000071367626000003/pnc-20260105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000713676-26-000003
- JSON: https://secwatch.observer/filing/0000713676-26-000003.json
- Plain text: https://secwatch.observer/filing/0000713676-26-000003.txt

## Source-grounded claims
- claim_id: e3a5aae7966f9355f1d86b2ef9542203b525f4d1
  claim: PNC FINANCIAL SERVICES GROUP, INC.: Established a new series of preferred stock, Series X, via a Statement filed with the Secretary of State of Pennsylvania, effective upon merger closing (effective 2026-01-05).
  evidence_excerpt: PNC filed a Statement with the Secretary of State of the Commonwealth of Pennsylvania establishing PNC Series X Preferred Stock consisting of 200,000 authorized shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/713676/000071367626000003/0000713676-26-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.