earnings
confidence high
sentiment positive
materiality 0.75
PNC Q1 net income $1.8B ($4.13 EPS); adj EPS $4.32; NII +6% QoQ on FirstBank deal
PNC FINANCIAL SERVICES GROUP, INC.
2026-Q1 EPS reported
$4.13
revenue$6,165,000,000
- Net income $1.772B, diluted EPS $4.13 (adjusted $4.32) vs $1.499B/$3.51 in 1Q25.
- Revenue $6.165B (+13% YoY); NII $3.961B (+6% QoQ, +14% YoY); NIM 2.95% (+11 bps QoQ).
- Average loans +7% to $350.9B driven by FirstBank acquisition; deposits +4% to $458.4B.
- CET1 ratio 10.1% (down from 10.6%); returned $1.4B to shareholders including ~$700M buybacks.
- Provision for credit losses $210M, net charge-offs $253M (incl. $45M acquired FirstBank loans).