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Top analysts & firms
All analyzed callsNot limited to the selected quarter · analysts and firms with 2 or more questions
What does “challenging” mean?
Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Most active analysts
Analyst
Firm
Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Filed after the FY2026 Q1 call day (Apr 15, 2026) through the next call day (Jul 15, 2026)From SEC 8-K filings
No 8-K events recorded for this window.
Quarter in detail
· FY2026 Q1
Macro signals
↑Enterprise Spending→Inflation→Credit
PNC delivered $4.13 per share with NIM expanding to 2.95%, on a clear path toward 3%+, as organic loan growth hit a three-year high. Fee income grew 13% year-over-year with broad-based strength across the franchise, and total revenue reached $6.2 billion. Management raised component guidance within an unchanged approximately 11% total revenue target, lifting NII to approximately 14.5% and loans to approximately 11%, as the FirstBank integration tracked toward June conversion.
Key themes
7
positive📊 company
Organic Loan Growth Hits Three-Year High
Legacy PNC spot loans grew $14 billion organically. C&I up $15 billion driven by broad-based new production and higher utilization. CRE reached inflection point with $100M of growth. Organic loan growth at highest level in three years.
DemandGeographic Expansion
positive📊 company
NIM Expansion To 2.95% On Path To 3%+
Net interest margin expanded 11bp to 2.95%, driven by lower funding costs and fixed rate asset repricing. Deposit rate paid declined 18bp to 1.96%. Still expects to exceed 3% in second half of 2026.
Margin
positive📊 company
FirstBank Integration On Track For June Conversion
FirstBank acquisition added $15B loans and $22B deposits. Integration scheduled for mid-June 2026. CET1 impact of ~40bp as expected. Basel III proposal expected to reduce RWAs by ~10% ($45-$50B), net positive for capital.
M&A
positive📊 company
Fee Income Growing 13% YOY With Broad-Based Strength
Fee income grew $240 million or 13% YOY driven by broad-based business growth. Capital markets up double digits for full year. Harris Williams pipelines strong. Asset management with positive net flows.
~90% of NDFI loans are investment grade. Business credit intermediaries are ~80% trade receivable securitizations (bankruptcy-remote, negligible risk). CLO exposure mostly AAA senior tranches. BDC exposure under $500M. Management expects zero losses going forward.
Credit
positive📊 company
Expansion Markets Now Over Half Of Corporate Loans
Expansion markets now represent over 51% of market-based corporate loans, growing at twice the pace of legacy markets. California described as shockingly strong. Fee income percentage in new markets equal to or higher than legacy.
Geographic ExpansionDemand
mixed🏢 sector
Consumer Activity At Odds With Confidence Surveys
Headline consumer and small business confidence surveys are weak, but actual PNC customer spending has accelerated. Growth in savings, activity levels, and loan growth all strong. Management sees day-to-day business at complete odds with sentiment surveys.
Analyst challenge ratePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. · all analyzed quarters
9%company-level, not the selected quarter
GAAP revenue YoY +12.7% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
▸How this score was built
Base7Base 7GAAP revenue YoY +12.7% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0Revenue YoY of -23.90% was a vendor data error, reported data reclassified PNC's revenue definition mid-stream (switched from total revenue to gross interest income). Management states Q1 2026 revenue of $6.2B, ~12.7% YoY growth. Overriding revenue YoY to 12.70 per vendor-error rule (company_financials updated to match). transcript_adjustment = 0.
Share price · trailing year
daily closes, last 12 months — not scoped to the selected quarter · dots mark earnings calls, colored by that quarter’s score
Sources.Tellvest earnings-call sentiment score for PNC Financial Services (PNC), FY2026 Q1: 8/10. Scores: PNC Financial Services’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: PNC daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
Key financials
FY2026 Q1 selectedReported GAAP figures from SEC filings
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Quarter
Revenue
Rev YoY
EPS
EPS YoY
Net margin
FY2024 Q4
$5.57B
+3.8%
$3.77
+103.8%
28.9%
FY2025 Q1
$5.45B
+6.0%
$3.51
+13.2%
27.2%
FY2025 Q2
$5.66B
+4.6%
$3.85
+13.6%
28.7%
FY2025 Q3
$5.92B
+8.9%
$4.35
+24.6%
30.6%
FY2025 Q4
$6.07B
+9.1%
$4.88
+29.4%
33.3%
FY2026 Q1Selected
$6.17B
+13.1%
$4.13
+17.7%
28.5%
FY2026 Q2
$6.88B
+21.4%
$4.81
+24.9%
29.7%
FY2026 Q3
$6.56B
+10.9%
$4.97
+14.3%
31.7%
As stated by management
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
EPS
“$4.13 per share ($4.32 adjusted for integration costs)”
Revenue
“fee income grew $240 million, or 13% YoY; total revenue $6.2 billion”
Guidance
“full-year total revenue up approximately 11%; NII raised to up approximately 14.5%; loans raised to up approximately 11%”
Key metric
“net interest margin was 2.95%, an increase of 11 basis points”
+
EPS+1EPS +1No-OI bank re-audit (OI trust gate 3d / PNC-sweep). PNC files no us-gaap OperatingIncomeLoss (no-oi-subtotal.ts), so the vendor operating income YoY +18.47% (spread +5.77 percentage points) that drove the old +1 is a vendor reconstruction and is dropped. Per the bank rule the GAAP EPS/NI-vs-revenue spread is also inadmissible as the anchor (EPS +17.66% vs rev +12.70% = +4.96 percentage points, sitting below the provision). The admissible bank operating anchor is PPNR: PNC's own reported pretax pre-provision earnings were $2,397M vs $2,065M a year ago; adding back the $97M FirstBank integration expense gives adjusted PPNR $2,494M vs $2,065M = +20.77% YoY, against filed total revenue +13.08% ($6,165M vs $5,452M; robust to the stored 12.70% basis, spread +8.07 percentage points there) = +7.69 percentage points spread, clearing +5 percentage points -> +1. Genuine positive operating leverage: adjusted noninterest expense grew +8.39% ($3,671M vs $3,387M), ~4.7 percentage points slower than revenue; provision roughly flat ($219M -> $210M) so the read is not provision-manufactured. eps_override_used stays true (anchor is PNC-reported adjusted PPNR, an operating metric). +1 stands -> final 8.
+
Guidance0Guidance 0Full-year 2026 guidance updated: total revenue maintained at ~11% (unchanged). NII raised from ~14% to ~14.5%. Loans raised from ~8% to ~11%. These are component shifts within an unchanged total revenue guide. Top-line metric unchanged.
=
Final8
How this score was built
Base7Base 7GAAP revenue YoY +12.7% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0Revenue YoY of -23.90% was a vendor data error, reported data reclassified PNC's revenue definition mid-stream (switched from total revenue to gross interest income). Management states Q1 2026 revenue of $6.2B, ~12.7% YoY growth. Overriding revenue YoY to 12.70 per vendor-error rule (company_financials updated to match). transcript_adjustment = 0.+EPS+1EPS +1No-OI bank re-audit (OI trust gate 3d / PNC-sweep). PNC files no us-gaap OperatingIncomeLoss (no-oi-subtotal.ts), so the vendor operating income YoY +18.47% (spread +5.77 percentage points) that drove the old +1 is a vendor reconstruction and is dropped. Per the bank rule the GAAP EPS/NI-vs-revenue spread is also inadmissible as the anchor (EPS +17.66% vs rev +12.70% = +4.96 percentage points, sitting below the provision). The admissible bank operating anchor is PPNR: PNC's own reported pretax pre-provision earnings were $2,397M vs $2,065M a year ago; adding back the $97M FirstBank integration expense gives adjusted PPNR $2,494M vs $2,065M = +20.77% YoY, against filed total revenue +13.08% ($6,165M vs $5,452M; robust to the stored 12.70% basis, spread +8.07 percentage points there) = +7.69 percentage points spread, clearing +5 percentage points -> +1. Genuine positive operating leverage: adjusted noninterest expense grew +8.39% ($3,671M vs $3,387M), ~4.7 percentage points slower than revenue; provision roughly flat ($219M -> $210M) so the read is not provision-manufactured. eps_override_used stays true (anchor is PNC-reported adjusted PPNR, an operating metric). +1 stands -> final 8.+Guidance0Guidance 0Full-year 2026 guidance updated: total revenue maintained at ~11% (unchanged). NII raised from ~14% to ~14.5%. Loans raised from ~8% to ~11%. These are component shifts within an unchanged total revenue guide. Top-line metric unchanged.=Final8
Mentions
Calendar Q1 2026
What PNC said about other companies on its FY2026 Q1 call, and what other companies said about PNC on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We expanded our long-standing digital money movement relationship with PNC Bank to include cash flow central AR/AP Services for their small businesses.”
PNC expanded its existing Fiserv relationship to add CashFlow Central AR/AP services for its small-business clients, a win for Fiserv's Financial Solutions.
Companies PNC discussed
2 mentions
TCWNot covered by TellvestFY2026 Q1Partner
“Our partnership with TCW on cash flow lending”
PNC references its cash-flow lending partnership with asset manager TCW, noting new-production spreads have widened about 50 bps amid private-credit market jitters.
FirstBankNot covered by TellvestFY2026 Q1Acquisition
“We completed the acquisition of FirstBank early in the quarter and we are well on our way to a mid-June conversion.”
PNC closed its acquisition of FirstBank ($15B loans, $22B deposits) and is on track for a mid-June conversion, expanding PNC's franchise and expected to be integration-complete in 2026.
Fifth Third closed the largest acquisition in its history on February 1, and the Comerica addition drove revenue to $2.9 billion, up 33% year-over-year, with adjusted net income of $734 million, up 38%
Huntington delivered an outstanding first quarter, with GAAP EPS of $0.25 and adjusted EPS of $0.37, up 9% year-over-year excluding acquisition-related expenses and other notable items
KeyCorp delivered Q1 2026 EPS of $0.44, up 33% year-over-year, with revenue growing 10% and ROTCE exceeding 13% as NIM expanded to 2.87% on track for the 3%+ year-end target
M&T Bank delivered GAAP EPS of $4.13 with NIM expanding 2 basis points to 3.71% as fixed-rate asset repricing continued, while fee income grew 13% year-over-year with broad-based strength and C&I growth reached $1.5 billion driven by middle market utilization pickup
Nu Holdings delivered record quarterly revenue of $5 billion and its highest-ever first-quarter net income of $871 million, up 41% year-over-year on an FX-neutral basis, as the customer base surpassed 135 million
Truist delivered 25% EPS growth to $1.09 with 250 basis points of operating leverage, as investment banking produced its highest quarterly revenue since 2021
Fifth Third closed the largest acquisition in its history on February 1, and the Comerica addition drove revenue to $2.9 billion, up 33% year-over-year, with adjusted net income of $734 million, up 38%
FITB stable · HBAN mixed · MTB mixed · NU improving · RF stable · TFC stable · USB stable
Credit
PNC stable · CFG improving · KEY stable · NU improving · RF improving · TFC stable · USB stable
Labor market
MTB mixed · NU stable
Trade & tariffs
FITB deteriorating · KEY stable
Inflation
PNC stable
Oil & energy
MTB deteriorating
Regulation Policy
CFG improving
Huntington delivered an outstanding first quarter, with GAAP EPS of $0.25 and adjusted EPS of $0.37, up 9% year-over-year excluding acquisition-related expenses and other notable items
KeyCorp delivered Q1 2026 EPS of $0.44, up 33% year-over-year, with revenue growing 10% and ROTCE exceeding 13% as NIM expanded to 2.87% on track for the 3%+ year-end target
M&T Bank delivered GAAP EPS of $4.13 with NIM expanding 2 basis points to 3.71% as fixed-rate asset repricing continued, while fee income grew 13% year-over-year with broad-based strength and C&I growth reached $1.5 billion driven by middle market utilization pickup
Nu Holdings delivered record quarterly revenue of $5 billion and its highest-ever first-quarter net income of $871 million, up 41% year-over-year on an FX-neutral basis, as the customer base surpassed 135 million
Truist delivered 25% EPS growth to $1.09 with 250 basis points of operating leverage, as investment banking produced its highest quarterly revenue since 2021