Announcement • Jun 09
PNC Bank Announces Executive Changes PNC Bank has recently appointed Brian Vesey as regional president for Philadelphia, Delaware and Southern New Jersey, succeeding Joseph G. Meterchick, who will retire in August after a 45-year career with the bank and its predecessor institutions. Vesey currently serves as executive vice president and Corporate Banking market executive for the region. A longtime PNC banker, he joined the organisation in 1994 through its acquisition of Midlantic Bank, and has held a series of leadership positions across middle-market and corporate banking. In his new role, he will oversee PNC's business development efforts, community engagement initiatives, and regional market strategy. Vesey's extensive experience and deep ties to the market position him to build on the foundation established by Meterchick, who has led the Philadelphia, Delaware and Southern New Jersey region since 2016. Meterchick's banking career spanned corporate banking, capital markets, business credit, and regional leadership roles, including serving as head of PNC's Florida West market before returning to the Philadelphia region. Recent Insider Transactions • May 29
Independent Lead Director recently sold €8.5m worth of stock On the 26th of May, Andrew Feldstein sold around 45k shares on-market at roughly €190 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €23m more than they bought in the last 12 months. Reported Earnings • Apr 19
First quarter 2026 earnings released: EPS: US$4.16 (vs US$3.52 in 1Q 2025) First quarter 2026 results: EPS: US$4.16 (up from US$3.52 in 1Q 2025). Revenue: US$5.96b (up 14% from 1Q 2025). Net income: US$1.69b (up 21% from 1Q 2025). Profit margin: 28% (up from 27% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in Europe. Declared Dividend • Apr 06
Fourth quarter dividend of US$1.70 announced Shareholders will receive a dividend of US$1.70. Ex-date: 14th April 2026 Payment date: 5th May 2026 Dividend yield will be 3.5%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (40% payout ratio) and is expected to be well covered in 3 years' time (36% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 03
The PNC Financial Services Group, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on May 5, 2026 The board of directors of The PNC Financial Services Group, Inc. declared a quarterly cash dividend on the common stock of $1.70 per share. The dividend will be payable May 5, 2026, to shareholders of record at the close of business April 14, 2026. Announcement • Mar 05
The PNC Financial Services Group, Inc., Annual General Meeting, Apr 22, 2026 The PNC Financial Services Group, Inc., Annual General Meeting, Apr 22, 2026. Recent Insider Transactions • Mar 01
Chairman & CEO recently sold €9.8m worth of stock On the 20th of February, William Demchak sold around 50k shares on-market at roughly €196 per share. This transaction amounted to 8.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. William has been a net seller over the last 12 months, reducing personal holdings by €10m. Reported Earnings • Feb 21
Full year 2025 earnings released: EPS: US$16.61 (vs US$13.77 in FY 2024) Full year 2025 results: EPS: US$16.61 (up from US$13.77 in FY 2024). Revenue: US$22.3b (up 7.5% from FY 2024). Net income: US$6.58b (up 20% from FY 2024). Profit margin: 30% (up from 27% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.83% (up from 2.66% in FY 2024). Cost-to-income ratio: 60.0% (down from 63.0% in FY 2024). Non-performing loans: 0.67% (down from 0.73% in FY 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Banks industry in Europe. Recent Insider Transactions • Feb 21
Insider recently sold €1.4m worth of stock On the 17th of February, Richard Bynum sold around 7k shares on-market at roughly €195 per share. This transaction amounted to 79% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.8m more than they bought in the last 12 months. Announcement • Feb 19
Pnc Financial Services Group Announces Executive Changes PNC Financial Services Group Inc. announced that Richard Bynum, the veteran PNC executive who has served as chief corporate responsibility officer since 2020, is retiring in April, the Pittsburgh-based financial institution announced on Tuesday, triggering some key leadership appointments Effective 17 February 2026, Stacy Juchno has been promoted to CCRO, and Mike Abriatis succeeds Juchno as general auditor. Both are based in Pittsburgh. Bynum, who is based in Washington, D.C., has built a more than 20-year career at PNC. Juchno has been executive vice president and general auditor for more than a dozen years. She is also the executive leader of the PNC Military Employee Business Resource Group and a member of the PNC Foundation board of directors. Abriatis, who joined PNC in 2003, additionally joins the executive committee. He will report to the audit committee of the board and administratively to Demchak. Most recently, Abriatis served as the head of Non-Financial Risk Management within Independent Risk Management. Announcement • Feb 13
Pnc Launches Monthly Consumer Health Check to Deliver Real-Time Pulse on U.S. Spending and the Economy The PNC Financial Services Group, Inc. announced the launch of the PNC Monthly Consumer Health Check, a new series of concise, data-driven updates that leverages PNC's proprietary, anonymized and aggregated data to provide a real-time view of consumer activity and the broader U.S. economy. The new report, available now, will publish monthly, offering timely insights to business leaders, investors and households navigating an evolving economic landscape. Drawing on indicators such as consumer spending trends, transaction volumes, savings and cash-flow patterns, and employment trends, the PNC monthly Consumer Health Check aims to translate rapid-cycle data into actionable context for decision-makers. What's Inside the Monthly Consumer Health Check: Headline Consumer Activity: A concise gauge of month-over-month momentum in household spending. Category Breakouts: Trends across essentials (e.g., groceries, fuel), discretionary (e.g., dining, travel) and emerging spending trends like gambling and AI. Household Financial Posture: Read-outs on deposit balances, cash-flow cushions and payment behaviors that indicate resilience or stress. Forward Look: Brief commentary from PNC economists and investment professionals on near-term implications for growth, inflation and risk assets. The PNC Monthly Consumer Health Check is produced by aggregating and anonymizing internal data sources, applying robust privacy safeguards, and seasonal and calendar adjustments where appropriate. The index and sub-series are benchmarked to a neutral base period to make month-to-month changes easier to interpret. No personally identifiable information is accessed or shared at any point in the process. Reported Earnings • Jan 17
Full year 2025 earnings released: EPS: US$16.60 (vs US$13.77 in FY 2024) Full year 2025 results: EPS: US$16.60 (up from US$13.77 in FY 2024). Revenue: US$22.3b (up 7.5% from FY 2024). Net income: US$6.62b (up 20% from FY 2024). Profit margin: 30% (up from 27% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Banks industry in Europe. Announcement • Jan 16
The PNC Financial Services Group, Inc. Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2025 The PNC Financial Services Group, Inc. reported net loan charge-offs for the fourth quarter ended December 31, 2025. For the quarter, the company reported net loan charge-offs of $162 million compared to $250 million a year ago. Declared Dividend • Jan 12
Third quarter dividend of US$1.70 announced Shareholders will receive a dividend of US$1.70. Ex-date: 20th January 2026 Payment date: 5th February 2026 Dividend yield will be 3.4%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (42% payout ratio) and is expected to be well covered in 3 years' time (38% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 06
The PNC Financial Services Group, Inc. (NYSE:PNC) completed the acquisition of FirstBank Holding Company. The PNC Financial Services Group, Inc. (NYSE:PNC) entered into an Agreement and Plan of Merger to acquire FirstBank Holding Company for $4.1 billion on September 5, 2025. A cash consideration of $1.2 billion will be paid by The PNC Financial Services Group, Inc. The consideration consists of 13.9 million common equity of The PNC Financial Services Group, Inc. having a value of $2.84 billion to be issued for common equity of FirstBank Holding Company. 70% of FBHC shares will receive the per share stock consideration and approximately 30% of FBHC shares will receive the per share cash consideration. In case of termination FirstBank Holding will pay $100 million.
As of June 30, 2025, FirstBank Holding Company reported total assets of $26.8 billion.
The transaction is subject to approval by regulatory board / committee, approval of offer by FirstBank shareholders, approval/consents of lenders/creditors, listing approval, effectiveness of S-4 and consummation of due diligence investigation. The deal has been approved by the board of both FirstBank and The PNC Financial Services Group, Inc. The transaction is expected to close in early 2026. Financials are immediately accretive to earnings. As on December 12, 2025, the transaction has received all the required regulatory approvals and is expected to be completed on January 5, 2026.
Wells Fargo Securities, LLC acted as financial advisor for The PNC Financial Services Group, Inc. Nicholas G. Demmo and Edward D. Herlihy of Wachtell, Lipton, Rosen & Katz LLP acted as legal advisor for The PNC Financial Services Group, Inc. Morgan Stanley & Co. LLC acted as financial advisor, fairness opinion provider for FirstBank Holding Company and will receive a fee of $3 million for opinion rendered and $20 million towards advisory fee. Goldman Sachs & Co. LLC acted as financial advisor and fairness opinion provider for FirstBank Holding Company and will receive a fee of $23 million. David C. Spitzer, Mehdi Ansari, Mitchell S. Eitel, Jared M. Fishman and Heather L. Coleman of Sullivan & Cromwell LLP acted as legal advisor for FirstBank Holding Company. Innisfree M&A Incorporated acted s proxy solicitor to FirstBank Holding and will receive a fee of $0.03 million. Computershare Trust Company, National Association acted as transfer agent to PNC Financial Services.
The PNC Financial Services Group, Inc. (NYSE:PNC) completed the acquisition of FirstBank Holding Company on January 5, 2026. Announcement • Jan 05
The PNC Financial Services Group, Inc. Declares Quarterly Cash Dividend, Payable on February 5, 2026 The board of directors of The PNC Financial Services Group, Inc. declared a quarterly cash dividend on the common stock of $1.70 per share. The dividend will be payable February 5, 2026, to shareholders of record at the close of business January 20, 2026. Announcement • Dec 15
PNC Bank Announces National Introduction of PNC Simple Checking PNC Bank announced the national introduction of PNC Simple Checking, a low-cost, straightforward account that takes the complexity out of banking. PNC Simple Checking delivers a streamlined approach with no overdraft or nonsufficient fund fees, along with multiple ways to avoid a low monthly service charge, making it an accessible solution for everyday financial needs. This enhanced offering reflects PNC's commitment to providing customers with transparent banking experiences that minimize unwanted fees and simplified money management. PNC Simple Checking is a fully functional account designed for everyday banking needs. It includes robust digital tools such as customizable transaction and balance alerts, giving customers greater control over their finances. Users will enjoy unlimited direct deposits, teller transactions, check writing and withdrawals, plus no charge for cashier's checks. The account comes with built-in safeguards to help customers manage funds responsibly all while maintaining the convenience and flexibility of a modern checking account. PNC Simple Checking will also become PNC's new student banking solution, offering high schoolers and university students a PNC checking account with no monthly service charges until the age of 25. The new offering will continue to help students avoid overdrawing their accounts while giving them access to appealing features including University Banking. PNC Simple Checking includes a $5 monthly service charge, which can be avoided for PNC employees, customers under 25 or age 62 and older, or those with a qualifying direct deposit in any amount. Customers will also enjoy access to convenient digital tools such as the PNC Mobile App and Zelle®?, along with cardless ATM access and the option to personalize their debit card. Announcement • Dec 13
PNC Receives Regulatory Approvals for Acquisition of Firstbank The PNC Financial Services Group, Inc. announced that it has received the regulatory approvals required to complete its previously announced acquisition of FirstBank Holding Company, including its banking subsidiary, FirstBank. Regulatory approvals have been received from the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Colorado Division of Banking. PNC expects the transaction to close on or about Jan. 5, 2026, subject to the satisfaction of customary closing conditions. Following closing, PNC will begin the process of integrating FirstBank into PNC's national platform, including its leading treasury management, payments, and digital banking capabilities. Full customer conversion is expected to occur in mid-2026.FirstBank, headquartered in Lakewood, Colorado, is one of the largest privately held banks in the country and adds meaningful scale to PNC's presence in the Rocky Mountain region and the Southwest, including Colorado and Arizona. Announcement • Dec 09
PNC First Major Bank to Launch Direct Bitcoin Access for Clients, Powered by Coinbase's Crypto-As-A-Service Infrastructure PNC Bank announced the launch of direct spot bitcoin trading capabilities for eligible clients of PNC Private Bank, making PNC the first to market with such an offering among the major U.S. banks. Powered by Coinbase's Crypto-as-a-Service ("CaaS") market leading infrastructure, PNC has enabled clients to buy, hold and sell bitcoin directly through PNC's own digital banking platform. The launch marks a key milestone in PNC's strategic partnership with Coinbase, announced in July, to provide trusted, secure and innovative digital asset solutions to PNC's private banking clients. The first generation of PNC's new "crypto for clients" solution integrates Coinbase's institutional-grade CaaS infrastructure within the PNC Private Bank Online platform. Through Portfolio View, eligible clients can now access crypto custody capabilities to directly buy, hold and sell bitcoin. With more than 100 offices and serving high- and ultra-high-net worth clients, PNC Private Bank is positioned to offer its client base access to the digital asset economy. Coinbase's Crypto-as- a-Service infrastructure provides PNC with solutions for trading, custody and financing, --empowering PNC to advance its crypto business and positioning it as a leader among major banks. Through this partnership, PNC Private Bank clients can now directly buy, sell and securely hold bitcoin through PNC's own digital Banking platform, making it easier and safer for them to participate in the crypto market. By integrating these capabilities, PNC Private Bank clients benefit from the convenience of trading and securely storing bitcoin, with the added advantage of having all of their accounts and activities on a single, streamlined platform for greater oversight and simplicity. PNC plans to expand access to additional client segments and introduce enhanced features and services in future phases of the offering. Announcement • Oct 17
Scott+Scott Files Lawsuit Against Jpmorgan Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, Pnc, and Truist Scott+Scott Attorneys at Law LLP filed a class action lawsuit on behalf of two California and Colorado residents against some of the nation’s leading banks, including JPMorgan Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC, and Truist. The lawsuit of nationwide significance was filed in the United States District Court for the District of Connecticut and alleges that the largest U.S. banks conspired to fix, raise, and stabilize the rate charged to their most creditworthy customers for short-term loans, commonly referred to as “prime rates.” These prime rates, which control the interest rates on millions of consumer and small-business loans, are collected and regularly published by The Wall Street Journal as the Wall Street Journal Prime Rate (“WSJ Prime Rate”). The WSJ Prime Rate, in turn, governs the interest rates most Americans pay on their credit cards and home equity loans. The litigation alleges that by coordinating their interest rates for prime customers, defendant banks not only charged their prime loan customers supracompetitive rates, but also artificially inflated interest rates for millionsof loans explicitly tied to the WSJ Prime Rate, reaping billions in profits. The antitrust class action lawsuit alleges conspiracy and rate fixing related to a variety of financial products, including HELOC (Home Equity Lines of Credit) and Consumer Credit Cards. The case is: Normandin et al. v. JP Morgan Chase Bank, N. A et al. No. 3:25-cv-01749, (D. CT). Reported Earnings • Oct 15
Third quarter 2025 earnings released: EPS: US$4.36 (vs US$3.50 in 3Q 2024) Third quarter 2025 results: EPS: US$4.36 (up from US$3.50 in 3Q 2024). Revenue: US$5.75b (up 11% from 3Q 2024). Net income: US$1.74b (up 24% from 3Q 2024). Profit margin: 30% (up from 27% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Banks industry in Europe. Announcement • Oct 15
The PNC Financial Services Group, Inc. Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2025 The PNC Financial Services Group, Inc. reported net loan charge-offs for the third quarter ended September 30, 2025. The company announced third quarter net loan charge-offs to be $179 million decreasing $19 million compared to the second quarter of 2025 and $107 million compared to the third quarter of 2024. In both comparisons, the decline reflected lower commercial real estate net loan charge-offs. Declared Dividend • Oct 06
Second quarter dividend of US$1.70 announced Shareholders will receive a dividend of US$1.70. Ex-date: 14th October 2025 Payment date: 5th November 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (44% payout ratio) and is expected to be well covered in 3 years' time (41% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 03
The PNC Financial Services Group, Inc. Declares A Quarterly Cash Dividend on the Common Stock, Payable November 5, 2025 The board of directors of The PNC Financial Services Group, Inc. declared a quarterly cash dividend on the common stock of $1.70 per share. The dividend will be payable November 5, 2025, to shareholders of record at the close of business October 14, 2025. Announcement • Sep 08
The PNC Financial Services Group, Inc. (NYSE:PNC) entered into an Agreement and Plan of Merger to acquire FirstBank Holding Company for $4 billion. The PNC Financial Services Group, Inc. (NYSE:PNC) entered into an Agreement and Plan of Merger to acquire FirstBank Holding Company for $4 billion on September 5, 2025. A cash consideration of $1.2 billion will be paid by The PNC Financial Services Group, Inc. The consideration consists of 13.9 million common equity of The PNC Financial Services Group, Inc. having a value of $2.84 billion to be issued for common equity of FirstBank Holding Company. As part of consideration, $4 billion is paid towards common equity of FirstBank Holding Company. Financials are immediately accretive to earnings.
As of June 30, 2025, FirstBank Holding Company reported total assets of $26.8 billion.
The transaction is subject to approval by regulatory board / committee, approval of offer by FirstBank shareholders, approval/consents of lenders/creditors and consummation of due diligence investigation. The deal has been approved by the board of both FirstBank and The PNC Financial Services Group, Inc. The expected completion of the transaction is Q1, 2026.
Wells Fargo Securities, LLC acted as financial advisor for The PNC Financial Services Group, Inc. Wachtell, Lipton, Rosen & Katz LLP acted as legal advisor for The PNC Financial Services Group, Inc. Morgan Stanley & Co. LLC acted as financial advisor for FirstBank Holding Company. Goldman Sachs & Co. LLC acted as financial advisor for FirstBank Holding Company. David C. Spitzer, Mehdi Ansari, Mitchell S. Eitel, Jared M. Fishman and Heather L. Coleman of Sullivan & Cromwell LLP acted as legal advisor for FirstBank Holding Company. 
