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PNC Financial ( (PNC) ) has issued an update.
On January 5, 2026, PNC Financial Services Group completed its acquisition of FirstBank Holding Company and its banking subsidiary FirstBank, after receiving all required regulatory approvals and satisfying customary closing conditions, in a deal that expands PNC’s presence in high‑growth markets in Colorado and Arizona and advances its national expansion strategy. In connection with the merger, PNC established a new 7.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series X, authorized for 200,000 shares and issued 115,200 shares to former holders of FirstBank’s Series B preferred stock, positioning the new Series X stock senior to common equity in dividends and liquidation and aligning FirstBank investors with PNC’s capital structure, while PNC begins integrating FirstBank onto its national platform with customer conversion targeted for the summer of 2026.
The most recent analyst rating on (PNC) stock is a Buy with a $271.00 price target. To see the full list of analyst forecasts on PNC Financial stock, see the PNC Stock Forecast page.
Spark’s Take on PNC Stock
According to Spark, TipRanks’ AI Analyst, PNC is a Outperform.
PNC Financial’s overall score reflects strong earnings performance and strategic growth initiatives, particularly the FirstBank acquisition. While technical indicators suggest bullish momentum, caution is warranted due to overbought signals. The valuation is fair, and the earnings call provided a positive outlook despite some challenges.
To see Spark’s full report on PNC stock, click here.
More about PNC Financial
The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, offering retail and business banking with a full range of lending products, as well as specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending, alongside wealth management and asset management. The company organizes its operations around customers and communities, emphasizing strong local relationships and delivery across its national footprint.
Average Trading Volume: 2,032,442
Technical Sentiment Signal: Buy
Current Market Cap: $82.93B
See more insights into PNC stock on TipRanks’ Stock Analysis page.