PNC FINANCIAL SERVICES GROUP, INC.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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
Contents
Summarized Balance Sheet Data
Table 7: Summarized Balance Sheet Data
| March 31 · December 31 · Change | ||||
|---|---|---|---|---|
| Dollars in millions | 2026 | 2025 | $ | % |
| Assets | ||||
| Interest-earning deposits with banks | $26,053 | $32,936 | $(6,883) | (21)% |
| Loans held for sale | 1,332 | 1,939 | (607) | (31)% |
| Investment securities | 143,112 | 138,240 | 4,872 | 4% |
| Loans | 360,923 | 331,481 | 29,442 | 9% |
| Allowance for loan and lease losses | (4,663) | (4,410) | (253) | (6)% |
| Mortgage servicing rights | 3,816 | 3,659 | 157 | 4% |
| Goodwill | 13,282 | 10,959 | 2,323 | 21% |
| Other | 59,173 | 58,768 | 405 | 1% |
| Total assets | $603,028 | $573,572 | $29,456 | 5% |
| Liabilities | ||||
| Deposits | $457,648 | $440,866 | $16,782 | 4% |
| Borrowed funds | 66,666 | 57,101 | 9,565 | 17% |
| Allowance for unfunded lending related commitments | 832 | 818 | 14 | 2% |
| Other | 14,206 | 14,151 | 55 | —% |
| Total liabilities | 539,352 | 512,936 | 26,416 | 5% |
| Equity | ||||
| Total shareholders’ equity | 63,627 | 60,585 | 3,042 | 5% |
| Noncontrolling interests | 49 | 51 | (2) | (4)% |
| Total equity | 63,676 | 60,636 | 3,040 | 5% |
| Total liabilities and equity | $603,028 | $573,572 | $29,456 | 5% |
Our balance sheet was well positioned at March 31, 2026. In comparison to December 31, 2025:
Total assets increased primarily due to higher loans and higher securities balances, including the impact of the FirstBank acquisition, partially offset by lower balances held with the FRB.
Total liabilities increased reflecting higher deposits driven by the acquisition of FirstBank and higher borrowed funds.
Total equity increased primarily due to stock issuances related to the FirstBank acquisition and net income, partially offset by dividends paid, common share repurchases and lower AOCI.
The following discussion provides additional information about the major components of our balance sheet. Information regarding our ACL related to loans is included in the Credit Risk Management section and Critical Accounting Estimates and Judgments section of this Financial Review and in Note 4 Loans and Related Allowance for Credit Losses. Additional discussion of our ACL is included in Note 1 Accounting Polices of our 2025 Form 10-K. For additional information on the ACL for PSLs, see Note 1 Accounting Policies. Information regarding our capital and regulatory compliance is included in the Liquidity and Capital Management portion of the Risk Management section and the Recent Regulatory Developments section in this Financial Review. Additional information can be found in the Supervision and Regulation section and Note 19 Regulatory Matters of our 2025 Form 10-K.
8 The PNC Financial Services Group, Inc. –Form 10-Q
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