v3.26.1
Total Equity and Other Comprehensive Income
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Total Equity and Other Comprehensive Income TOTAL EQUITY AND OTHER COMPREHENSIVE INCOME
Activity in total equity for the three months ended March 31, 2026 and 2025 is as follows:
Table 67: Rollforward of Total Equity
  Shareholders’ Equity    
In millionsShares
Outstanding
Common
Stock		Common
Stock		Capital
Surplus -
Preferred
Stock		Capital
Surplus -
Common
Stock and
Other		Retained
Earnings		Accumulated
Other
Comprehensive
Income
(Loss)		Treasury
Stock		Noncontrolling InterestsTotal 
Equity
Three months ended
Balance at December 31, 2024 (a)396$2,717 $5,749 $12,961 $59,282 $(6,565)$(19,719)$44 $54,469 
Net income— — — — 1,481 — — 18 1,499 
Other comprehensive income (loss), net of tax— — — — — 1,328 — — 1,328 
Cash dividends declared - Common— — — — (639)— — — (639)
Cash dividends declared - Preferred— — — — (71)— — — (71)
Preferred stock discount accretion— — 2 — (2)— — — — 
Treasury stock activity— — — 102 — — (138)— (36)
Other— — — (83)— — — (16)(99)
Balance at March 31, 2025 (a)396 $2,717 $5,751 $12,980 $60,051 $(5,237)$(19,857)$46 $56,451 
Balance at December 31, 2025 (a) 390 $2,717 $5,758 $13,164 $63,266 $(3,408)$(20,912)$51 $60,636 
Net income — — — — 1,760 — — 12 1,772 
Other comprehensive income (loss), net of tax— — — — — (365)— — (365)
Cash dividends declared - Common— — — — (696)— — — (696)
Cash dividends declared - Preferred— — — — (73)— — — (73)
Preferred stock discount accretion/premium amortization— — 1 — (1)— — — — 
Common stock activity (b)14 69 — 2,832 — — — — 2,901 
Treasury stock activity(2)— — 88 — — (656)— (568)
Other (c)— — 119 (36)— — — (14)69 
Balance at March 31, 2026 (a)402 $2,786 $5,878 $16,048 $64,256 $(3,773)$(21,568)$49 $63,676 
(a)The par value of our preferred stock outstanding was less than $0.5 million at each date and, therefore, is excluded from this presentation.
(b)Includes $2.9 billion in common stock issuances related to the FirstBank acquisition.
(c)Includes $119 million in preferred stock issuances and $29 million in restricted stock acquisition consideration related to the FirstBank acquisition.
Details of other comprehensive income (loss) are as follows:

Table 68: Other Comprehensive Income (Loss)
 Three months ended March 31
20262025
In millionsPre-taxTax effectAfter-taxPre-taxTax effectAfter-tax
Debt securities
Net unrealized gains (losses) on securities$(289)$71 $(218)$748 $(182)$566 
Less: Net realized (losses) reclassified to earnings (a)(130)32 (98)(181)44 (137)
Net change (159)39 (120)929 (226)703 
Cash flow hedge derivatives
Net unrealized gains (losses) on cash flow hedge derivatives
(389)95 (294)631 (153)478 
Less: Net realized (losses) reclassified to earnings (a)(57)14 (43)(194)47 (147)
Net change(332)81 (251)825 (200)625 
Pension and other postretirement benefit plan adjustments
Net pension and other postretirement benefit plan activity and other reclassified to earnings (b)8 (2)6 (2)1 (1)
Net change 8 (2)6 (2)1 (1)
Other
Net unrealized gains (losses) on other transactions1 (1)— (1)2 1 
Net change 1 (1)— (1)2 1 
Total other comprehensive income (loss)$(482)$117 $(365)$1,751 $(423)$1,328 
(a)Reclassifications for pre-tax debt securities and cash flow hedges are recorded in Interest income and Noninterest income on the Consolidated Income Statement.
(b)Reclassifications include amortization of actuarial losses (gains) and amortization of prior period service costs (credits), which are recorded in Noninterest expense on the Consolidated Income Statement.
Table 69: Accumulated Other Comprehensive Income (Loss) Components
In millions, after-taxDebt securities Cash flow hedge derivativesPension and other postretirement benefit plan adjustmentsOtherTotal
Three months ended
Balance at December 31, 2024$(5,099)$(1,314)$(109)$(43)$(6,565)
Net activity703 625 (1)1 1,328 
Balance at March 31, 2025 (a)$(4,396)$(689)$(110)$(42)$(5,237)
Balance at December 31, 2025$(3,303)$(181)$118 $(42)$(3,408)
Net activity (120)(251)6 — (365)
Balance at March 31, 2026 (a)$(3,423)$(432)$124 $(42)$(3,773)
(a)AOCI included pre-tax losses of $225 million and $271 million from derivatives that hedged the purchase of investment securities classified as held-to-maturity at March 31, 2026 and March 31, 2025, respectively.
The following table provides the dividends per share for PNC’s common and preferred stock:

Table 70: Dividends Per Share (a)
Three months ended March 31
20262025
Common Stock$1.70 $1.60 
Preferred Stock
   Series B$0.45 $0.45 
   Series T$850 $850 
Series U $1,500 $1,500 
Series V$1,550 $1,550 
Series W$1,563 $1,563 
Series X$18 $— 
(a)     Dividends are payable quarterly.

On April 2, 2026, the PNC Board of Directors declared a quarterly cash dividend on common stock of $1.70 per share paid on
May 5, 2026 to shareholders of record at the close of business April 14, 2026.