secwatch.observer — SEC 8-K summary
======================================

Issuer:     PNC FINANCIAL SERVICES GROUP, INC. (PNC)
CIK:        0000713676
Form:       8-K
Filed at:   2026-04-15T23:59:59+00:00
Accession:  0000713676-26-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PNC Q1 net income $1.8B ($4.13 EPS); adj EPS $4.32; NII +6% QoQ on FirstBank deal
--------------------------------------------------------------------------------

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/713676/000071367626000026/0000713676-26-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/713676/000071367626000026/pnc-20260415.htm
  HTML page:      https://secwatch.observer/filing/0000713676-26-000026

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