Accessibility StatementSkip Navigation Acquisition bolsters PNC's national presence in high-growth markets PITTSBURGH and LAKEWOOD, Colo., Sept. 8, 2025 /PRNewswire/ --The PNC Financial Services Group, Inc. (NYSE: PNC) today announced a definitive agreement to acquire FirstBank Holding Company, including its banking subsidiary FirstBank, headquartered in Lakewood, CO. FirstBank, with $26.8 billion in assets as of June 30, 2025, provides commercial and retail banking services across Colorado and Arizona. Fir ...

Group 1 - The agreement enables PNC, based in Pittsburgh, to expand its presence in the Western United States [1] - This move solidifies PNC's position as a national competitor in the banking industry [1]

Core Points - Guardian Angels Medical Service Dogs announces PNC Bank as the Gold Sponsor for the 2025 National Mutt Strut, a virtual event aimed at raising awareness and funds for pairing service dogs with individuals facing invisible disabilities such as PTSD [1][3] - The event will launch on World Mental Health Day, October 10, 2025, and will run until October 22, 2025, encouraging participants to walk anywhere while supporting the cause [1][3] - Proceeds from the event will directly benefit Guardian Angels Medical Service Dogs, helping to place fully trained medical service dogs at no cost to individuals in need [4][5] Company Information - PNC Bank is a major diversified financial services institution in the U.S., providing a range of banking and financial services, and has a history of supporting community initiatives [7] - Guardian Angels Medical Service Dogs is a nonprofit organization focused on training and providing medical service dogs, particularly for U.S. military veterans and first responders, enhancing the lives of individuals with disabilities [8][9]

Core Insights - PNC Foundation awarded a $765,000 grant to NCFL to pilot the Let's Learn Together Outside program in select markets over the next three years [1][3][5] - The program aims to enhance early literacy and nature-based play for children aged 3 to 5 [3][5][6] - Initial programming launched in Louisville, KY, and Birmingham and Huntsville, AL, with plans for Austin, TX, in 2026 [4][6] Funding and Support - The PNC Foundation's philanthropic initiative, PNC Grow Up Great, focuses on early childhood education and has invested $500 million since its inception in 2004 [8] - NCFL has over 35 years of experience in providing educational solutions to eradicate poverty through family learning [9][10] Program Details - Let's Learn Together Outside is a four-week program designed to take place in natural environments, promoting family engagement [3][5] - The program provides resources for parenting adults to ensure children are kindergarten-ready while fostering connections to nature [5][6][7] Expected Outcomes - Outdoor learning is linked to improved problem-solving skills, memory retention, social skills, and lower obesity rates among children [5][6] - The initiative aims to create multigenerational learning experiences that benefit the entire family [7]

Core Viewpoint - The recent performance of U.S. banks, particularly Bank of America and PNC Financial Services, indicates a favorable environment for investors, with both institutions announcing dividend increases following successful stress tests by the Federal Reserve [1][2]. Group 1: Bank of America - Bank of America raised its quarterly dividend to $0.28 per share, an increase of $0.02 or 8% from the previous amount [4]. - The company initiated a new stock repurchase program authorizing up to $40 billion, replacing an existing program with over $9 billion remaining [4]. - For Q2, Bank of America reported a revenue increase of 6% to $10.8 billion and a net income rise of 3% to $7.1 billion, with average deposits and loans increasing by approximately 2% [6][5]. - The upcoming dividend will be distributed on September 26, with a yield of 2.5% based on the latest closing share price [8]. Group 2: PNC Financial Services - PNC announced a dividend increase of 6% to $1.70 per share, reflecting the company's financial strength and strategic outlook [10]. - For Q2, PNC's revenue grew nearly 5% to approximately $5.7 billion, while net income surged 11% to over $1.6 billion, despite slower growth in loans and deposits at around 1% [10]. - Analysts project annual revenue growth of over 6% for 2025 and slightly below that for the following year, with net profit expected to rise by 13% and 12% per share, respectively [12]. - PNC's raised dividend will be paid on August 5, yielding a theoretical 3.7% [12].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-09718 The PNC Financial Services Group, Inc. (Exact name of regi ...

Core Viewpoint - The article discusses the expectations of various institutions regarding the upcoming release of the US ADP employment numbers for July, with a previous value of -33,000 jobs [1] Group 1: Employment Forecasts - PNC Financial forecasts an increase of 130,000 jobs [1] - Lloyds Bank predicts an increase of 115,000 jobs [1] - Goldman Sachs anticipates an increase of 90,000 jobs [1] - Monex Group expects an increase of 80,000 jobs [1] - Stifel and Hleb Bank both project an increase of 75,000 jobs [1] - Dutch Bank forecasts an increase of 75,000 jobs [1] - Mitsui Sumitomo predicts an increase of 70,000 jobs [1] - Montreal Bank expects an increase of 70,000 jobs [1] - HSBC forecasts an increase of 60,000 jobs [1] - London Stock Exchange predicts an increase of 50,000 jobs [1] - German Central Cooperative Bank anticipates an increase of 50,000 jobs [1] - Panson Macro expects an increase of 25,000 jobs [1]

Group 1: Overview of Bank of America and PNC Financial - Bank of America (BAC) and PNC Financial Services (PNC) are significant U.S. banks with extensive national reach, with BAC focusing on scale and diversified services, while PNC emphasizes prudent growth and regional expansion [1][2] - Both banks are positioning themselves to benefit from increasing client interest in digital assets due to favorable legislation and a crypto-friendly environment [2] Group 2: Bank of America Insights - BAC is preparing to launch a stablecoin, indicating readiness to move forward as client demand grows [3] - The bank is focusing on organic growth by expanding its physical and digital presence, planning to open over 150 financial centers by 2027 [4] - BAC's investment banking business is expected to recover as macroeconomic conditions improve, despite a weak performance in the first half of 2025 [5] - The bank's credit quality has weakened due to prolonged high interest rates, impacting asset quality in the near term [6] Group 3: PNC Financial Insights - PNC is also expanding into digital assets, partnering with Coinbase to offer secure crypto solutions for clients [7] - The bank is enhancing its business through acquisitions and partnerships, including the acquisition of Aqueduct Capital Group and a partnership with Plaid [8] - PNC acquired loan commitments worth $16 billion from Signature Bank, which is expected to strengthen its financial position [9] - The bank plans to invest $1.5 billion to open over 200 new branches across 12 U.S. cities [10] Group 4: Performance and Valuation Comparison - In 2025, BAC shares gained 9.8%, while PNC shares increased by 0.6%, with BAC outperforming the S&P 500 Index [13][16] - BAC has a forward P/E ratio of 12.01X, while PNC's is 11.75X, both below the industry average of 14.90X [16][18] - BAC increased its dividend by 8% to $0.28 per share, while PNC raised its dividend by 6% to $1.76 per share, resulting in dividend yields of 2.16% for BAC and 3.51% for PNC [18] - PNC has a higher return on equity (ROE) of 11.07% compared to BAC's 10.25%, indicating more efficient use of shareholder funds [21] Group 5: Future Growth Projections - The Zacks Consensus Estimate projects BAC's revenue growth of 5.8% and 5.7% for 2025 and 2026, respectively, with earnings expected to rise by 11.9% and 16.3% [23] - PNC's revenue is estimated to grow by 6.2% and 5.8% for 2025 and 2026, with earnings growth of 10.8% and 12.4% [26] Group 6: Investment Considerations - BAC is well-positioned for long-term capital appreciation due to its scale, digital leadership, and improving earnings outlook [29] - PNC appeals to conservative investors with its higher dividend yield and disciplined lending approach [30]

Core Insights - PNC Bank has integrated its PINACLE Connect® platform with Oracle Fusion Cloud ERP, allowing corporate and commercial banking clients to access banking services seamlessly within the ERP system, enhancing financial operations and efficiency [1][3]. Group 1: Integration Benefits - The integration provides a streamlined banking experience, reducing the need for clients to switch between platforms for balance inquiries, payment initiation, and account reconciliation, thus automating manual processes and saving time [2][4]. - PNC's embedded services enable clients to manage their cash positions more effectively, allowing them to focus on business operations rather than manual financial tasks [3]. Group 2: Oracle Cloud ERP Capabilities - Oracle Cloud ERP offers a comprehensive suite of enterprise finance and operations capabilities, including financials, accounting, procurement, project management, and risk management, which are utilized by over 10,000 organizations [4]. - The integration with PNC's banking services is expected to enhance transaction speed and accuracy, leading to increased productivity, reduced costs, and improved financial controls for joint customers [4]. Group 3: PNC Treasury Management - PNC Treasury Management provides innovative technologies and experienced teams to help clients develop cohesive cash management systems tailored to their business needs [5].

Core Insights - PNC Financial exceeded expectations in earnings and revenues in July, driven by strong loan performance and net interest income [1] Group 1: Financial Performance - The regional lender demonstrated growth in both its loan portfolio and net interest income, contributing to its positive financial results [1]