PNC · 8-K · 20261015PR065936
Acquisition / Partnership / Divestiture
PNC FINANCIAL SERVICES GROUP, INC. · 2026-10-15 · Importance 52 · Surprise 42 · In source text
PNC's third-quarter results included $36 million of integration costs related to its FirstBank acquisition. FirstBank contributed to year-over-year net interest income growth and added acquired commercial and consumer loans, with total loans up $52.2 billion from September 2025. The acquisition also contributed to deposit growth: average deposits increased $29.4 billion year over year, reflecting FirstBank and growth in commercial interest-bearing deposits.
Key facts
- PNC’s loans increased $52.2 billion from September 30, 2025, reflecting commercial loan growth and acquired FirstBank commercial and consumer loans. source
- PNC’s average commercial loans increased $10.4 billion from the second quarter and $42.4 billion year over year, driven by strong new production and increased utilization; year-over-year growth also reflected acquired FirstBank loans. source
- PNC’s average consumer loans increased $3.8 billion year over year, driven by the benefit of FirstBank loans. source
- PNC’s third-quarter 2026 card and cash management revenue decreased $3 million as higher treasury management product revenue was more than offset by FirstBank integration-related fee waivers. source
- PNC incurred $36 million of integration costs related to the FirstBank acquisition in the third quarter of 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +8.5% | PNC’s loans increased $52.2 billion from September 30, 2025, reflecting commercial loan growth and acquired FirstBank commercial and… |
| assets | positive | realized | +1.7% | PNC’s average commercial loans increased $10.4 billion from the second quarter and $42.4 billion year over year, driven by strong new… |