PNC FINANCIAL SERVICES GROUP, INC. Earnings Summary — Q1 2026

• PNC delivered robust Q1 2026 results with Net Income surging 18.2% YoY to $1.77 billion.
• Net Interest Income rose to $3.96 billion, reflecting a 13.95% YoY growth driven by stabilized interest rate dynamics.
• Non-interest income showed strength at $2.20 billion, up 11.5% YoY, highlighting diversified fee-income streams.
• Total non-interest expenses were well-controlled at $3.77 billion, leading to a competitive efficiency profile.
• The provision for credit losses stood at $210 million, a sequential increase from $139 million but relatively stable compared to the prior year.
• Net Income to Common shareholders reached $1.69 billion for the quarter, up from $1.41 billion in Q1 2025.

Management remains focused on achieving a 15%+ ROE target through technology-driven efficiency and disciplined capital management, while maintaining a conservative credit culture.

Improving

Year-over-year performance across both interest and fee-based income suggests the bank is successfully navigating the post-rate-pivot environment better than peers.

PNC's scale and national footprint, bolstered by the successful integration of BBVA USA, position it for continued revenue expansion and market share gains in both retail and commercial banking.