8-KItem 3.03 · Security Rights ModificationItem 5.03 · Bylaws AmendmentItem 7.01 · Reg FD DisclosureItem 9.01 · Financial Statements
PNC filed on Jan 5, 2026 to establish 7.250% Fixed‑Rate Reset Non‑Cumulative Perpetual Preferred Stock,…
Filed with the SEC on · Summarized by InvestorsBot
PNC filed on Jan 5, 2026 to establish 7.250% Fixed‑Rate Reset Non‑Cumulative Perpetual Preferred Stock, Series X ($1,000 par). At the First Step Merger (PNC, Summit Merger Sub I, Inc., FirstBank) PNC issued 115,200 shares to former FirstBank Series B holders. $PNC 🏦📄 #M&A #PreferredStock
Series X ranks senior to common and pari passu with expressly-equal preferreds, has no conversion rights. PNC may not pay dividends on junior securities while any Series X are outstanding unless Series X dividends for the most recent period are paid or funds reserved. $PNC 💵⚖️ #CapitalStructure #Banking