FirstBank Integration Completed
In June 2026, PNC converted approximately 780,000 customers, more than 1,620 employees, and 95 branches across Colorado and Arizona, merging FirstBank into PNC Bank. The second quarter included the full benefit of FirstBank operations.
Significant One-Time Items
Second quarter 2026 noninterest income included a $448 million gain from PNC’s participation in the Visa exchange program, a $139 million loss from repositioning the available-for-sale securities portfolio, and Visa derivative adjustments of negative $85 million.
Net Interest Margin Improvement
Net interest margin (NIM) increased 1 basis point sequentially to 2.96% and was up 17 basis points year-over-year for the first half of 2026, benefiting from fixed-rate asset repricing and lower funding costs.