PNC completes FirstBank acquisition, lifts 2026 revenue guidance 11% as CET1 ratio drops to 10.1%

Filed May 5, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 2, 2025 · ~2 min read

Key Changes

• high

  FirstBank acquisition closed during Q1, adding $29B in loans and $17B in deposits. Full-year 2026 guidance raised: revenue up 13.1% (vs. 6% prior year), loan growth 11% (vs. stable prior year), driven by acquisition and improved net interest margin outlook.

  MD&A: FirstBank acquisition impact, full-year guidance verify on EDGAR →
• high

  CET1 ratio declined to 10.1% from 10.6% prior quarter and 10.6% prior year, reflecting capital deployed for FirstBank acquisition (common stock issuances and increased risk-weighted assets). Ratio remains above regulatory minimums.

  MD&A: CET1 ratio verify on EDGAR →
• high

  Integration costs expected at $325M for full-year 2026 ($150M in Q2 alone). Adjusted expense guidance up 7% excluding integration costs, reflecting FirstBank operating expenses and technology investments.

  MD&A: FirstBank integration expenses, full-year expense guidance verify on EDGAR →