PNC Financial Reports Strong Q1 Growth with Revenue Up 13%

Apr 15, 2026 10:35 UTC

PNC

Short term

PNC Financial Services Group Inc. posted a significant increase in first-quarter profits and revenue compared to the previous year. The bank reported GAAP earnings of $1.67 billion, reflecting robust operational performance.

Q1 GAAP earnings: $1.67 billion vs $1.39 billion last year
Q1 GAAP EPS: $4.13 vs $3.51 last year
Total revenue: $6.16 billion, a 13% increase
Adjusted earnings: $1.75 billion
Adjusted EPS: $4.32

PNC Financial Services Group Inc. (PNC) has announced its financial results for the first quarter, demonstrating a marked increase in both profitability and top-line growth over the same period last year. The results highlight the bank's ability to expand its revenue streams, with total revenue climbing 13.0% to reach $6.16 billion, compared to $5.45 billion in the prior year's first quarter. On a GAAP basis, the company reported earnings of $1.67 billion, or $4.13 per share. This represents a notable increase from the $1.39 billion, or $3.51 per share, recorded during the same period last year. When excluding specific items, PNC reported adjusted earnings of $1.75 billion, which translates to an adjusted earnings per share (EPS) of $4.32 for the period. These figures suggest a strong start to the fiscal year for the financial services provider, indicating resilience in its core operations and an improved capacity for income generation relative to the previous year.