The company disclosed earnings per share of $4.32, compared to $3.51 a year earlier, surpassing analyst expectations of $4.06.
PNC Financial recorded revenue of $6.17 billion for the quarter, an increase from $5.45 billion a year earlier, though it fell short of the $6.24 billion estimate.
Net interest income reached $4.0 billion, reflecting a 6 percent rise, while fee income decreased by 2 percent to $2.1 billion.Net interest margin improved by 11 basis points to 2.95 percent.
The average loans for the quarter increased by $23.0 billion compared to the previous quarter and by $34.3 billion compared to the same period last year.
For the second quarter of 2026, PNC Financial Services Group anticipates revenue of $6.38 billion, slightly above the $6.37 billion estimate. The full-year 2026 revenue outlook remains at $25.64 billion, compared to the $25.75 billion estimate.
Bill Demchak, PNC Chairman and Chief Executive Officer, stated, “2026 is off to a great start for PNC. During the first quarter we successfully closed the FirstBank acquisition, and in addition, generated strong legacy loan growth. Client activity remains robust across all our geographies, and importantly, we’re well positioned to continue our strong momentum.”
