-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
PNC posted strong Q1 2026 results with adjusted EPS of $4.32 vs. $3.51 prior year, $0.16 above consensus. Results include the FirstBank acquisition completed January 6, adding $26B in assets, $16B in loans, and $23B in deposits. Balance sheet growth exceeded our expectations with 9% loan growth driven by the acquisition plus new production and increased utilization rates. Net interest income jumped 6% with NIM expanding 11 basis points to 2.95%, continuing PNC's asset repricing story as deposit costs fell 18 basis points. We note the deposit mix meaningfully improved as noninterest-bearing balances surged 8% vs. 4% overall deposit growth. Credit quality remained strong with core net charge-offs at 0.24% annualized, up from 0.20% but excluding $45M of acquired FirstBank charge-offs. The allowance decreased to 1.52% of loans from 1.58%, reflecting disciplined underwriting standards and the FirstBank portfolio addition.