On the Record · PNC Financial Services Group
PNC Financial Services Group acquisitions, on the record
The businesses PNC Financial Services Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
BBVA USA Bancshares, Inc.Word for word“On June 1, 2021, PNC acquired BBVA USA Bancshares, Inc. (BBVA), a U.S. financial holding company conducting its business operations primarily through its U.S. banking subsidiary, BBVA USA.” 10-K for 2023 | acquisition | June 1, 2021 | — |
Signature Bridge Bank, N.A. capital commitment facilities portfolioWord for word“The acquired portfolio represented approximately $16.0 billion in total commitments, including approximately $9.0 billion of funded loans, at the time of acquisition.” 10-K for 2023 | acquisition | — | approximately $16.0 billion in total commitments, including approximately $9.0 billion of funded loans |
portfolio of capital commitments facilities from Signature Bridge Bank, N.A. (former Signature Bank, New York)Word for word“On October 2, 2023, PNC acquired a portfolio of capital commitments facilities from Signature Bridge Bank, N.A. through an agreement with the FDIC as receiver of the former Signature Bank, New York.” 10-K for 2024 | agreed acquisition | On October 2, 2023 | — |
FirstBank Holding CompanyWord for word“On January 5, 2026, PNC completed its acquisition of FirstBank Holding Company, including its banking subsidiary FirstBank, representing $ 4.2 billion of consideration to common shareholders and Series A preferred shareholders, and $ 0.1 billion of consideration to Series B preferred shareholders through the exchange of each share of Series B preferred stock into a newly created series of preferred stock of PNC, designated Series X.” 10-K for 2025 | acquisition | January 5, 2026 | $ 4.2 billion |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2017-12-31 | $1.34 billion | — | — |
| 2019-12-31 | −$75 million | — | — |
| 2020-12-31 | — | $14.22 billion | — |
| 2021-12-31 | $10.51 billion | — | $1.6 billion |
Deal filings since 2016
- 2021-06-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-11-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-21 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-05-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-04-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from PNC Financial Services Group’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.