PNC FINANCIAL SERVICES GROUP, INC.
For the period ended Mar 31, 2026. Filed May 5, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Noninterest Expense
Table 5: Noninterest Expense
| Three months ended · Three months ended | ||||||||
|---|---|---|---|---|---|---|---|---|
| March 31 · December 31 · Change · March 31 · March 31 · Change | ||||||||
| Dollars in millions | 2026 | 2025 | $ | % | 2026 | 2025 | $ | % |
| Noninterest expense | ||||||||
| Personnel | $2,106 | $2,033 | $73 | 4% | $2,106 | $1,890 | $216 | 11% |
| Occupancy | 262 | 247 | 15 | 6% | 262 | 245 | 17 | 7% |
| Equipment | 415 | 412 | 3 | 1% | 415 | 384 | 31 | 8% |
| Marketing | 87 | 101 | (14) | (14)% | 87 | 85 | 2 | 2% |
| Other | 898 | 810 | 88 | 11% | 898 | 783 | 115 | 15% |
| Total noninterest expense | $3,768 | $3,603 | $165 | 5% | $3,768 | $3,387 | $381 | 11% |
Noninterest expense increased compared to the fourth and first quarters of 2025. In both comparisons, the increase included FirstBank operating and integration expenses. In comparison to the fourth quarter of 2025, the increase was partially offset by seasonally lower marketing spend. Compared to the first quarter of 2025, the increase was also driven by higher personnel costs as a result of increased business activity and higher equipment expenses reflecting continued investments in technology.
Effective Income Tax Rate
The effective income tax rate was 19.0% for the first quarter of 2026 compared to 12.7% for the fourth quarter of 2025 and 18.8% for the first three months of 2025. The fourth quarter of 2025 included the favorable resolution of several tax matters.
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