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PNC Reports 18% Profit Surge Driven by FirstBank Acquisition

4/15/2026

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Summary

Story summary

PNC Financial Services Group reported first-quarter profit up 18% to $1.77 billion, aided by the $4.1 billion acquisition of FirstBank.
Net interest income rose 14% to $3.96 billion due to lower deposit costs and stronger loan demand.
Revenue totaled $6.194 billion, below the $6.305 billion consensus, and analysts project 2026 revenue of about $25.997 billion and earnings per share around $18.67, with the stock up about 6% this year.

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Story summary

PNC Financial Services Group reported first-quarter profit up 18% to $1.77 billion, aided by the $4.1 billion acquisition of FirstBank.
Net interest income rose 14% to $3.96 billion due to lower deposit costs and stronger loan demand.
Revenue totaled $6.194 billion, below the $6.305 billion consensus, and analysts project 2026 revenue of about $25.997 billion and earnings per share around $18.67, with the stock up about 6% this year.