Total Equity and Other Comprehensive Income (Tables)

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 millions	Shares 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 Interests		Total 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.

Details of other comprehensive income (loss) are as follows:

Table 68: Other Comprehensive Income (Loss)


	Three months ended March 31
	2026						2025
In millions	Pre-tax		Tax effect		After-tax		Pre-tax		Tax effect		After-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 transactions	1		(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-tax	Debt securities		Cash flow hedge derivatives		Pension and other postretirement benefit plan adjustments		Other		Total
Three months ended
Balance at December 31, 2024	$	(5,099)	$	(1,314)	$	(109)	$	(43)	$	(6,565)
Net activity	703		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)

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
	2026		2025
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.