PNC FINANCIAL SERVICES GROUP, INC. — fact timeline

PNC FINANCIAL SERVICES GROUP, INC. reported First Quarter 2026 results: net income $1.8 Billion, EPS $4.13.

“PNC Reports First Quarter 2026 Net Income of $1.8 Billion, $4.13 Diluted EPS or $4.32 as Adjusted”

PNC FINANCIAL SERVICES GROUP, INC. issued 115,200 shares of preferred stock to former holders of 7.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, par value $1,000 per share, of FirstBank.

“At the effective time of the First Step Merger, PNC issued 115,200 shares of PNC Series X Preferred Stock to former holders of 7.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, par value $1,000 per share, of FirstBank”

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).

“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.”

E William Parsley III changed role as Chief Operating Officer at PNC FINANCIAL SERVICES GROUP, INC..

“Mr. Parsley will cease to serve as Chief Operating Officer of the Corporation effective July 1, 2025 (the "Transition Date").”

Mark Wiedman was appointed as President at PNC FINANCIAL SERVICES GROUP, INC..

“the Board of Directors of the Corporation (the “Board”) appointed Mark Wiedman as President of the Corporation”

Douglas Dachille was appointed as Director at PNC FINANCIAL SERVICES GROUP, INC..

“appointed Douglas Dachille to serve on the Board effective February 3, 2025.”

Michael P. Lyons resigned as President at PNC FINANCIAL SERVICES GROUP, INC..

“On January 23, 2025, The PNC Financial Services Group, Inc. (“PNC”) issued a press release announcing that Michael P. Lyons, President of PNC, resigned from PNC effective January 23, 2025, to pursue a position at another company.”

PNC FINANCIAL SERVICES GROUP, INC. shareholders rejected Shareholder proposal regarding report on risk management and implementation of PNC’s Human Rights Statement in financing at the 2024-04-24 meeting.

“A shareholder proposal regarding report on risk management and implementation of PNC’s Human Rights Statement in financing was not approved.”

PNC FINANCIAL SERVICES GROUP, INC. shareholders approved Approval of The PNC Financial Services Group, Inc. 2025 Employee Stock Purchase Plan at the 2024-04-24 meeting.

“The PNC Financial Services Group, Inc. 2025 Employee Stock Purchase Plan was approved.”

PNC FINANCIAL SERVICES GROUP, INC. shareholders approved Advisory vote to approve compensation of named executive officers at the 2024-04-24 meeting.

“The compensation of PNC's named executive officers was approved on an advisory basis.”

PNC FINANCIAL SERVICES GROUP, INC. shareholders approved Ratification of selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2024 at the 2024-04-24 meeting.

“The Audit Committee’s selection of PricewaterhouseCoopers LLP as PNC’s independent registered public accounting firm for 2024 was ratified.”

PNC FINANCIAL SERVICES GROUP, INC. shareholders approved Election of 12 director nominees at the 2024-04-24 meeting.

“The 12 director nominees named in PNC’s proxy statement were elected.”

PNC FINANCIAL SERVICES GROUP, INC. reported first quarter of 2024 results: revenue $5,145 million, net income $1,344 million, EPS $3.10 diluted earnings per share.

“PNC Reports First Quarter 2024 Net Income of $1.3 Billion, $3.10 Diluted EPS, or $3.36 Excluding a $130 million FDIC Special Assessment”

Michael P. Lyons was appointed as President at PNC FINANCIAL SERVICES GROUP, INC..

“On February 20, 2024, The PNC Financial Services Group, Inc. (the “Corporation”) announced that on February 16, 2024 the Corporation’s Board of Directors unanimously appointed Michael P. Lyons to serve as President of the Corporation, effective immediately.”

PNC FINANCIAL SERVICES GROUP, INC. reported fourth quarter and full year of 2023 results: revenue $5,361, net income Net income of $5.6 Billion, EPS $1.85 diluted EPS or $3.16 as adjusted.

“quarter For the year In millions, except per share data and as noted 4Q23 3Q23 2023 2022 Fourth Quarter Highlights ▪ Financial Results Comparisons reflect 4Q23 vs. 3Q23 Revenue $ 5,361 $ 5,233 $ 21,490 $ 21,120 Income Statement ▪ Revenue increased 2% due to strong noninterest income growth ▪ Core noninterest expense increased 5% primarily reflecting higher”

PNC FINANCIAL SERVICES GROUP, INC. reported financial results for the third quarter of 2023.

“On October 13, 2023 , The PNC Financial Services Group, Inc. (the “Corporation”) issued a press release regarding the Corporation’s earnings and business results for the third quarter of 2023.”

PNC FINANCIAL SERVICES GROUP, INC. announced a restructuring with charges of approximately $150 million (approximately 4 percent).

“On October 6, 2023, as part of ongoing cost reduction initiatives, the Corporation committed to a workforce reduction expected to reduce its workforce by approximately 4 percent. Affected employees were informed of the workforce reduction beginning on October 6, 2023. The Corporation expects to incur one-time, pre-tax charges and costs associated with these actions of approximately $150 million, primarily related to cash severance, benefits and related termination costs.”

PNC FINANCIAL SERVICES GROUP, INC. reported second quarter of 2023 results: revenue $ 5,293, net income 1,500, EPS $ 3.36.

“PNC REPORTS SECOND QUARTER 2023 NET INCOME OF $1.5 BILLION, $3.36 DILUTED EPS Increased capital; strong credit quality; 4Q23 SCB requirement of 2.5% Raised quarterly common stock dividend 5 cents to $1.55 per share on July 3, 2023 PITTSBURGH, July 18, 2023 – The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted 2Q23 1Q23 2Q22 Second Quarter Highlights ▪ Financial Results Comparisons reflect 2Q23 vs. 1Q23 Revenue $ 5,293 $ 5,603 $ 5,116 Average Balance Sheet ▪ Stable loans ▪ Deposits decreased 2% ▪ ACL to total loans and net loan charge-offs were stable ▪ Tangible book value increased to $77.80 ▪ CET1 capital ratio increased 30 basis points to 9.5% ▪ Raised quarterly dividend 5 cents to $1.55 per share ▪ Effective Oct. 1, 2023, PNC's Stress Capital Buffer (SCB) will improve to the regulatory minimum of 2.5% Income Statement ▪ Net interest income declined 2% ▪ NIM decreased 5 basis points ▪”

Toni Townes-Whitley resigned as Director, Board of Directors at PNC FINANCIAL SERVICES GROUP, INC..

“On May 15, 2023, Toni Townes-Whitley provided The PNC Financial Services Group, Inc. (“PNC”) with notice of her resignation from the Board of Directors of PNC, effective June 30, 2023, in light of her recent appointment as chief executive officer of Science Applications International Corp.”

PNC FINANCIAL SERVICES GROUP, INC. shareholders approved Advisory vote to approve the frequency of future advisory votes on the compensation of PNC's named executive officers at the 2023-04-26 meeting.

“A frequency of one year for future advisory votes on the compensation of PNC's named executive officers was approved on an advisory basis.”

PNC FINANCIAL SERVICES GROUP, INC. shareholders approved Advisory vote to approve the compensation of PNC's named executive officers at the 2023-04-26 meeting.

“The compensation of PNC's named executive officers was approved on an advisory basis.”

PNC FINANCIAL SERVICES GROUP, INC. shareholders approved Ratification of the Audit Committee's selection of PricewaterhouseCoopers LLP as PNC's independent registered public accounting firm for 2023 at the 2023-04-26 meeting.

“The Audit Committee's selection of PricewaterhouseCoopers LLP as PNC's independent registered public accounting firm for 2023 was ratified.”

PNC FINANCIAL SERVICES GROUP, INC. shareholders approved Election of the 13 director nominees named in PNC's proxy statement at the 2023-04-26 meeting.

“The 13 director nominees named in PNC's proxy statement were elected.”

Michael J. Ward departed as Director at PNC FINANCIAL SERVICES GROUP, INC..

“Michael J. Ward did not stand for re-election to the Board of Directors (the "Board") of The PNC Financial Services Group, Inc. ("PNC") at the annual meeting of shareholders of PNC held on April 26, 2023, as he had reached the mandatory retirement age set forth in PNC's corporate governance guidelines.”

PNC FINANCIAL SERVICES GROUP, INC. reported the first quarter of 2023 results: net income net income of $1.7 billion, $3.98 diluted EPS, EPS $3.98 diluted EPS.

“On April 14, 2023 , The PNC Financial Services Group, Inc. (the "Corporation”) issued a press release regarding the Corporation’s earnings and business results for the first quarter of 2023.”

PNC FINANCIAL SERVICES GROUP, INC.: Amended Articles of Incorporation to establish Series W Preferred Stock (effective 2023-02-06).

“On February 6, 2023, the Corporation filed the Statement with the Secretary of State of the Commonwealth of Pennsylvania, which became effective upon filing, amending its Amended and Restated Articles of Incorporation to establish the newly authorized Series W Preferred Stock of the Corporation consisting of 15,000 authorized shares.”

PNC FINANCIAL SERVICES GROUP, INC. reported financial results for the fourth quarter and full year of 2022.

“On January 18, 2023 , The PNC Financial Services Group, Inc. (“the Corporation”) issued a press release regarding the Corporation’s earnings and business results for the fourth quarter and full year of 2022.”

Alex Overstrom was appointed as Head of Retail Banking at PNC FINANCIAL SERVICES GROUP, INC..

“Alex Overstrom, PNC’s current Head of Small Business and Deputy Head of Retail Banking, will assume the role of Head of Retail Banking effective July 1, 2022.”

Karen Larrimer departed as Head of Retail Banking and Chief Customer Officer at PNC FINANCIAL SERVICES GROUP, INC..

“On May 26, 2022, The PNC Financial Services Group, Inc. (“PNC”) announced that Karen Larrimer, Head of Retail Banking and Chief Customer Officer, has elected to retire effective December 31, 2022.”

Renu Khator was appointed as Director at PNC FINANCIAL SERVICES GROUP, INC..

“On May 10, 2022, the Board of Directors (the “Board”) of The PNC Financial Services Group, Inc. (“PNC”) increased the number of directors to 14 and appointed Renu Khator, Ph.D., Chancellor of the University of Houston System and President of University of Houston, to serve on the Board effective immediately.”

Charles E. Bunch departed as Director at PNC FINANCIAL SERVICES GROUP, INC..

“Charles E. Bunch did not stand for re-election to the Board of Directors (the “Board”) of The PNC Financial Services Group, Inc. (“PNC”) at the annual meeting of shareholders held on April 27, 2022, as he had reached the mandatory retirement age set forth in PNC’s corporate governance guidelines.”

Robert A. Niblock was appointed as Director at PNC FINANCIAL SERVICES GROUP, INC..

“On January 5, 2022, the Board of Directors (the “Board”) of The PNC Financial Services Group, Inc. (“PNC”) appointed Robert A. Niblock, retired chairman, president and chief executive officer of Lowe’s Companies, Inc., to serve on the Board effective immediately.”

David L. Cohen resigned as Director at PNC FINANCIAL SERVICES GROUP, INC..

“On November 4, 2021, David L. Cohen provided The PNC Financial Services Group, Inc. (“PNC”) with notice of his resignation from the Board of Directors of PNC, effective immediately, in light of his confirmation by the US Senate as Ambassador to Canada .”

Bryan Salesky was appointed as Director at PNC FINANCIAL SERVICES GROUP, INC..

“On October 29, 2021, the Board of Directors (the “Board”) of The PNC Financial Services Group, Inc. (“PNC”) increased the number of directors to 14 and appointed Bryan Salesky, Chief Executive Officer at Argo AI, LLC, to serve on the Board effective immediately.”