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PNC Financial
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Updated Aug 5, 2026
PNC Q2 2026: FirstBank Integration Complete, NII Guidance Raised to +15-15.5% Full Year; CET1 Drops 70bps to 9.9%
PNC's Q2 2026 results reflect the first full quarter of FirstBank operations, with net interest income reaching $4.1 billion (up 4% QoQ) and capital markets and advisory revenue accelerating sharply on M&A advisory strength. The board raised the quarterly dividend 18% to $2.00 per share — the clearest signal management has on capital adequacy confidence post-acquisition — even as CET1 compressed from 10.6% to 9.9%, absorbing $2.4 billion of goodwill from FirstBank. Full-year NII guidance of +15% to +15.5% versus 2025, issued July 15, 2026, is the most consequential forward statement in the filing: it commits PNC to sustained NIM expansion driven by fixed-rate asset repricing and commercial loan growth, not rate cuts.
Tone: bullishRevenue
$23.1B
PNC 10-K · FY 2025
Employees
55,333
Revenue FY2024
$21.6B
Founded
1983
Profile
PNC 10-K Item 1 · Feb 20, 2026PNC Financial Services Group is one of the largest diversified financial institutions in the United States, offering retail banking, corporate and institutional banking, and asset management nationally. The company operates a coast-to-coast retail branch network and serves individuals, businesses, corporations, and government entities with a broad range of deposit, credit, and fee-based products. PNC completed its acquisition of FirstBank Holding Company on January 5, 2026, adding $26.4 billion in assets.
Read filing description ↓ Collapse description ↑
The PNC Financial Services Group, Inc. is a financial services holding company headquartered in Pittsburgh, Pennsylvania and one of the largest diversified financial institutions in the U.S. PNC has businesses engaged in retail banking, corporate and institutional banking and asset management, providing many of our products and services nationally. We are organized around our customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. Our retail branch network is located coast-to-coast, and we also have strategic international offices in four countries outside the U.S. At December 31, 2025, our consolidated total assets, total deposits and total shareholders' equity were $573.6 billion, $440.9 billion and $60.6 billion, respectively. We were incorporated under the laws of the Commonwealth of Pennsylvania in 1983 with the consolidation of Pittsburgh National Corporation and Provident National Corporation. Since 1983, we have diversified our geographical presence, business mix and product capabilities through organic growth, strategic bank and non-bank acquisitions and equity investments, and the formation of various non-banking subsidiaries. We primarily conduct our business through our primary domestic bank subsidiary, PNC Bank, a national banking association chartered and located in Wilmington, Delaware. We offer a broad range of deposit, credit and fee-based products and services to serve our customers. Our non-banking subsidiaries engage in activities that are financial in nature, including market-making, securities underwriting, and advisory services and other permissible investment and merchant banking related activities.
Primary products
- Retail and business banking
- Corporate banking
- Real estate finance
- Asset-based lending
- Wealth management
- Asset management
Business segments
End markets
Geographies
“We are subject to intense competition from other regulated banking organizations, as well as various other types of financial institutions and non-bank entities that can offer a number of similar products and services without being subject to bank regulatory supervision and restrictions.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenue grew from $21.6 billion in 2024 to $23.1 billion in 2025, driven by increases in both net interest income and noninterest income.
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