About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

PNC Bank is looking westward with its acquisition of Colorado-based lender FirstBank.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The $4.1 billion deal will make Colorado one of PNC’s top markers in the country, ...

Key Takeaways JPMorgan lifted its 2025 net interest income guidance to $95.5B, showing resilience amid Fed rate cuts.PNC plans $1.5B in branch investments and acquisitions like Aqueduct Capital to diversify its business.JPM shares are up 22.9% YTD, outpacing PNC's 6% gain and highlighting stronger investor sentiment.JPMorgan (JPM) is one of the "Big Four" global banks, while PNC Financial Services (PNC) is a prominent super-regional bank. JPM leverages its massive scale and diversified financial services, w ...

U.S. bank PNC Financial said on Monday it will buy Colorado-based FirstBank Holding in a $4.1 billion cash-and-stock deal. ...

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].

Share Repurchase - In Q2 2025, PNC repurchased a total of 1,984 thousand shares at an average price of $169.25 per share[512] - As of June 30, 2025, approximately 39% of the authorized repurchase program of up to 100 million common shares remained available[513] - Share repurchase activity in Q3 2025 is expected to be consistent with Q2 levels, approximating $300 million to $400 million[513] Capital and Dividends - PNC's stress capital buffer (SCB) will remain at the regulatory minimum of 2.5% for the four-quarter period beginning October 1, 2025[513] - The company intends to continue its policy of paying quarterly cash dividends, subject to economic conditions and regulatory limitations[528]