What is PNC Financial Services's asset management group — income tax benefit?

PNC Financial Services (PNC) reported asset management group — income tax benefit of $36M in Q1 2026.

How has PNC Financial Services's asset management group — income tax benefit changed year-over-year?

PNC Financial Services's asset management group — income tax benefit increased by 12.5% year-over-year, from $32M to $36M.

What is the long-term trend for PNC Financial Services's asset management group — income tax benefit?

Over 3 years (2022 to 2025), PNC Financial Services's asset management group — income tax benefit has grown at a 12.9% compound annual growth rate (CAGR), from $100M to $144M.

What does asset management group — income tax benefit mean?

The reduction in tax liability attributed to the asset management segment's financial activities.

Business Segments · Income tax benefit

Asset Management Group — Income tax benefit

PNC Financial Services Asset Management Group — Income tax benefit decreased by 2.7% to $36M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 12.5%, from $32M to $36M. Over 3 years (FY 2022 to FY 2025), Asset Management Group — Income tax benefit shows an upward trend with a 12.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment

CategoryProfitability

SignalHigher is better

VolatilityStable

First reportedQ1 2015

Last reportedQ1 2026May 5, 2026

Rolls up toIncome Tax

How to read this metric

An increase in benefit may reflect higher tax-exempt income or specific tax planning strategies, while a decrease suggests a shift in the segment's tax profile or regulatory environment.

Detailed definition

This represents the tax-related financial impact allocated to the asset management segment, specifically where tax deduc...

Peer comparison

Comparable to 'Segment Income Tax Provision' or 'Tax Benefit' reported by peers in wealth management.

Metric ID: pnc_segment_asset_management_group_income_tax_benefit

Historical Data

19 periods

	Q2 '21	Q3 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$27M	$34M	$31M	$26M	$28M	$15M	$16M	$20M	$22M	$15M	$30M	$30M	$29M	$29M	$32M	$39M	$36M	$37M	$36M
QoQ Change	—	+25.9%	-8.8%	-16.1%	+7.7%	-46.4%	+6.7%	+25.0%	+10.0%	-31.8%	+100.0%	+0.0%	-3.3%	+0.0%	+10.3%	+21.9%	-7.7%	+2.8%	-2.7%
YoY Change	—	—	—	-3.7%	-17.6%	—	-48.4%	-23.1%	-21.4%	+0.0%	+87.5%	+50.0%	+31.8%	+93.3%	+6.7%	+30.0%	+24.1%	+27.6%	+12.5%

Range$15M – $39M

CAGR+6.6%

Avg YoY Growth+16.6%

Median YoY Growth+12.5%

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Frequently Asked Questions

What is PNC Financial Services's asset management group — income tax benefit?: PNC Financial Services (PNC) reported asset management group — income tax benefit of $36M in Q1 2026.
How has PNC Financial Services's asset management group — income tax benefit changed year-over-year?: PNC Financial Services's asset management group — income tax benefit increased by 12.5% year-over-year, from $32M to $36M.
What is the long-term trend for PNC Financial Services's asset management group — income tax benefit?: Over 3 years (2022 to 2025), PNC Financial Services's asset management group — income tax benefit has grown at a 12.9% compound annual growth rate (CAGR), from $100M to $144M.
What does asset management group — income tax benefit mean?: The reduction in tax liability attributed to the asset management segment's financial activities.