PNC posted Q1 2026 adjusted EPS $4.32 and GAAP EPS $4.13, beating consensus $3.91 significantly despite revenue miss.
Revenue fell to $6.17 bn, below the $6.24 bn estimate, yet rose 13% YoY from $5.45 bn in Q1 2025 quarter.
Net interest income jumped 14% YoY to $3.96 bn, with net interest margin expanding 17 bps to 2.95%, aided by FirstBank acquisition.
PNC returned $1.4 bn to shareholders via $700 m buybacks and $700 m dividends, and plans $600‑700 m repurchases in Q2 later.