The PNC Financial Services Group, Inc. (NYSE:PNC) reported upbeat earnings for the first quarter on Wednesday.
PNC Financial reported first-quarter diluted EPS of $4.13 and adjusted EPS of $4.32, beating the $4.05 analyst estimate. Revenue of $6.17 billion missed the $6.242 billion estimate, rising 13% year over year and 2% sequentially.
Chairman and CEO Bill Demchak said, “2026 is off to a great start for PNC. During the first quarter, we successfully closed the FirstBank acquisition and generated strong legacy loan growth. Client activity remains robust across all our geographies, and importantly, we’re well-positioned to continue our strong momentum.”
The company expects second-quarter …