# PNC Financial Services Group, Inc.: Form 10-Q for the period ended Mar 31, 2026

- Company: [PNC Financial Services Group, Inc.](/companies/pnc.md) (CIK 713676)
- Form: 10-Q
- Filed: 2026-05-05
- Accepted by EDGAR: May 5, 2026, 14:31 ET
- Period: 2026-03-31
- Accession: 0000713676-26-000038
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/713676/000071367626000038/pnc-20260331.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/713676/000071367626000038/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2026-03-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 3 months, 2026-01-01 to 2026-03-31 | $6.17bn | us-gaap:Revenues |
| Income tax | 3 months, 2026-01-01 to 2026-03-31 | $415.0m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 3 months, 2026-01-01 to 2026-03-31 | $1.77bn | us-gaap:ProfitLoss |
| Diluted EPS | 3 months, 2026-01-01 to 2026-03-31 | $4.13 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 3 months, 2026-01-01 to 2026-03-31 | $4.13 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 3 months, 2026-01-01 to 2026-03-31 | 405,000,000 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 3 months, 2026-01-01 to 2026-03-31 | $1.93bn | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Dividends paid | 3 months, 2026-01-01 to 2026-03-31 | $696.0m | us-gaap:PaymentsOfDividendsCommonStock |
| Share repurchases | 3 months, 2026-01-01 to 2026-03-31 | $796.0m | us-gaap:PaymentsForRepurchaseOfCommonStock |
| Total assets | at 2026-03-31 | $603.03bn | us-gaap:Assets |
| Total liabilities | at 2026-03-31 | $539.35bn | us-gaap:Liabilities |
| Long-term debt | at 2026-03-31 | $66.67bn | us-gaap:LongTermDebt |
| Shareholders' equity | at 2026-03-31 | $63.63bn | us-gaap:StockholdersEquity |

## Management's discussion and analysis

As filed, 1,779 characters.

### Unregistered Sales of Equity Securities

None.

### Equity Security Repurchases

Details of our repurchases of PNC common stock during the first quarter of 2026 are included in the following table.

*2026 period In thousands, except per share data*

|  | Total shares purchased (a) | Average price paid per share | Total shares purchased as part of publicly announced programs (b) | Maximum number of shares that may yet be purchased under the programs (b) |
| --- | ---: | ---: | ---: | ---: |
| January 1 - 31 | 669 | $222.42 | 667 | 34,077 |
| February 1 - 28 | 1,456 | $229.84 | 935 | 33,142 |
| March 1 - 31 | 1,595 | $205.42 | 1,592 | 31,550 |
| Total | 3,720 | $218.03 | 3,194 |  |

(a) Includes PNC common stock purchased in connection with our various employee benefit plans generally related to forfeitures of unvested restricted stock awards and shares used to cover employee payroll tax withholding requirements. See Note 16 Employee Benefit Plans and Note 17 Stock Based Compensation Plans in our 2025 Form 10-K, which include additional information regarding our employee benefit and equity compensation plans that use PNC common stock.

(b) The SCB framework permits capital return in amounts in excess of SCB minimum levels. Consistent with this framework, PNC had approximately 32% of the 100 million common shares still available for repurchase at March 31, 2026 under the repurchase program previously approved by our Board of Directors. Share repurchase activity in the second quarter of 2026 is expected to approximate $600 million to $700 million. PNC may adjust share repurchase activity depending on market and economic conditions, as well as other factors. PNC's SCB beginning October 1, 2025 through September 30, 2027 is the regulatory minimum of 2.5%.

## Risk factors

As filed, 133 characters.

There are no material changes from any of the risk factors previously disclosed in our 2025 Form 10-K in response to Part I, Item 1A.

Filed May 5, 2026.
Source: SEC EDGAR, the filing index for accession 0000713676-26-000038. Last ingested by Listed: Nov 6, 2026, 12:37 ET. No prices; not investment advice.