The PNC Financial Services Group, Inc. (NYSE:PNC) reported upbeat earnings for the first quarter on Wednesday.
PNC Financial reported first-quarter diluted EPS of $4.13 and adjusted EPS of $4.32, beating the $4.05 analyst estimate. Revenue of $6.17 billion missed the $6.242 billion estimate, rising 13% year over year and 2% sequentially.
Chairman and CEO Bill Demchak said, “2026 is off to a great start for PNC. During the first quarter, we successfully closed the FirstBank acquisition and generated strong legacy loan growth. Client activity remains robust across all our geographies, and importantly, we’re well-positioned to continue our strong momentum.”
The company expects second-quarter share repurchases of $600 million to $700 million and flagged macroeconomic conditions, tariffs, and regulatory changes as potential risks.
PNC Financial shares rose 0.1% to $222.07 in pre-market trading.
These analysts made changes to their price targets on PNC Financial following earnings announcement.
B of A Securities analyst Ebrahim Poonawala maintained PNC Financial with a Buy and raised the price target from $260 to $264.
Keefe, Bruyette & Woods analyst Christopher McGratty maintained the stock with a Market Perform and raised the price target from $247 to $253.
Considering buying PNC stock? Here’s what analysts think:
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