secwatch.observer — SEC 8-K summary
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Issuer:     PNC FINANCIAL SERVICES GROUP, INC. (PNC)
CIK:        0000713676
Form:       8-K
Filed at:   2026-01-05T23:59:59+00:00
Accession:  0000713676-26-000003
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/713676/000071367626000003/0000713676-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/713676/000071367626000003/pnc-20260105.htm
  HTML page:      https://secwatch.observer/filing/0000713676-26-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer