PNC · Financials

PNC FINANCIAL SERVICES GROUP, INC.

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-08

• Revenue Performance and MixImportance 41 · Surprise 48
  PNC reported second-quarter 2026 revenue of $6.875 billion, with significant year-over-year growth. Higher net interest income and growth in fee-based businesses drove the revenue increase. Average loans rose 12.5%…
• Capital Return ProgramImportance 36 · Surprise 40
  PNC has been conducting quarterly share repurchases of approximately $700 million. The company recently increased its dividend by 18%, with a reported payout ratio of about 30%. PNC's dividend yield was reported at…
• Loan Demand TrendsImportance 36 · Surprise 40
  Third-party coverage characterized PNC’s growth strategy as being supported by loan expansion and entry into higher-growth markets. Average loans were reported up 12.5% year over year in second-quarter coverage,…
• Wealth Management GrowthImportance 31 · Surprise 42
  PNC Private Bank appointed Kevin Brubaker as market leader for North Florida. He will lead client engagement and expansion across the Jacksonville, Gainesville, and Daytona Beach metropolitan areas. The initiative is…

News · 2026-08-07

• Commercial Lending MandatesImportance 36 · Surprise 42
  PNC Bank extended Motorcar Parts of America's $238.62 million revolving credit facility through August 2031, supporting the borrower's working-capital flexibility and strategic growth. PNC also provided a new $130…
• Wealth Management GrowthImportance 31 · Surprise 42
  PNC Private Bank appointed Kevin Brubaker as market leader for North Florida. He will lead client engagement and expansion across the Jacksonville, Gainesville, and Daytona Beach metropolitan areas. The initiative is…

News · 2026-08-06

• Revenue Performance and MixImportance 41 · Surprise 48
  PNC reported second-quarter 2026 revenue of $6.875 billion, with significant year-over-year growth. Higher net interest income and growth in fee-based businesses drove the revenue increase. Average loans rose 12.5%…
• Commercial Lending MandatesImportance 36 · Surprise 42
  PNC Bank extended Motorcar Parts of America's $238.62 million revolving credit facility through August 2031, supporting the borrower's working-capital flexibility and strategic growth. PNC also provided a new $130…

10-Q · 2026-08-05

• Liquidity and Debt PositionImportance 81 · Surprise 64
  Total assets increased $42.5 billion, or 7%, from December 31, 2025 to $616.0 billion at June 30, 2026, while total deposits rose $8.9 billion, or 2%, to $449.8 billion. Borrowed funds increased $28.6 billion, or 50%,…
• Guidance / OutlookImportance 67 · Surprise 76
  For the third quarter of 2026, PNC expects average loans to increase 1% to 2% sequentially and net interest income to increase 3% to 3.5%. Fee income is expected to decline 5% to 5.5%, while noninterest expense is…
• Distribution Channels ExpansionImportance 60 · Surprise 74
  PNC serves consumers and small businesses through a coast-to-coast network of retail branches and ATMs, digital capabilities, and phone-based customer contact centers. The bank continues to refine product and service…
• Capital Expenditure PlanImportance 60 · Surprise 74
  PNC announced an approximately $2.0 billion investment in its retail branch network through 2030, up from the previously announced $1.5 billion plan. The program includes opening more than 300 new branches and…
• Macroeconomic Factors ImpactImportance 57 · Surprise 64
  PNC’s June 30, 2026 CECL scenarios incorporate ongoing geopolitical conflicts, higher energy prices, and trade and fiscal policy impacts, including tariffs, on the U.S. economic outlook. Management expects…
• Interest Rate RiskImportance 57 · Surprise 64
  PNC’s June 30, 2026 NII sensitivity was 0% under an instantaneous 200-basis-point rate increase and negative 1.6% under a 200-basis-point decrease, compared with 0.9% and negative 2.0%, respectively, in 2025. Its EVE…
• Revenue Performance and MixImportance 54 · Surprise 40
  Retail Banking total revenue increased $1,154 million to $8,525 million in the first six months of 2026 from $7,371 million in the same period of 2025, while earnings rose $562 million to $3,096 million. Corporate &…
• Commercial Loan Demand GrowthImportance 54 · Surprise 40
  Average loans increased 12% year over year to $357.1 billion for the first six months of 2026, primarily driven by strong new production in commercial lending. Total commercial loans rose 14% from December 31, 2025 to…
• Wealth Management GrowthImportance 54 · Surprise 40
  PNC’s discretionary client assets under management reached $247 billion at June 30, 2026, up from $230 billion at March 31, 2026 and $217 billion a year earlier. The year-over-year increase was approximately 14%,…
• End-Market Demand TrendsImportance 54 · Surprise 40
  Average total loans increased 11.7% year over year to $357.1 billion for the six months ended June 30, 2026. Commercial and industrial loans grew 15.9% to $217.6 billion, while commercial real estate loans increased…
• Noninterest Income TrendsImportance 53 · Surprise 48
  Second-quarter noninterest income increased $564 million, or 26%, sequentially to $2.768 billion, while first-half noninterest income increased $890 million, or 22%, year over year to $4.972 billion. Capital markets…
• Customer-Related Trading GrowthImportance 51 · Surprise 64
  Customer-related trading revenue increased to $176 million for the six months ended June 30, 2026, from $91 million in the prior-year period. The $85 million, or 93%, increase was primarily driven by higher…
• Capital Return ProgramImportance 50 · Surprise 42
  PNC returned $1.3 billion to shareholders in the second quarter of 2026, consisting of $0.7 billion of common dividends and $0.6 billion of common share repurchases. Approximately 29% of the 100 million shares…
• Commercial Real Estate RiskImportance 50 · Surprise 24
  Commercial real estate loans totaled $36.0 billion at June 30, 2026, including $23.5 billion of income-producing property mortgages, $7.2 billion of intermediate-term financing loans, and $5.3 billion of construction…
• Equity Investment GainsImportance 49 · Surprise 60
  PNC’s equity investments increased to $11.735 billion at June 30, 2026, from $10.790 billion at December 31, 2025, including $5.881 billion of tax credit investments and $5.854 billion of private equity and other…
• Net Interest Income TrendsImportance 48 · Surprise 40
  Second-quarter 2026 net interest income was $4.107 billion, up $146 million, or 4%, from the first quarter, supported by commercial loan growth and higher noninterest-bearing deposit balances. First-half net interest…
• Acquisition / Partnership / DivestitureImportance 47 · Surprise 60
  On January 5, 2026, PNC acquired FirstBank Holding Company for $4.2 billion of cash and PNC common stock consideration to common and Series A preferred shareholders, plus $0.1 billion of consideration to Series B…
• Operating Expense TrendsImportance 42 · Surprise 40
  Retail Banking noninterest expense increased $434 million to $4,226 million in the first six months of 2026 from $3,792 million, primarily due to FirstBank operating expenses and technology investments. Corporate &…
• Commercial Lending DemandImportance 42 · Surprise 40
  Corporate & Institutional Banking average loans increased $24.4 billion year over year to $229.8 billion for the first six months of 2026. Corporate Banking loan growth reflected new production and higher utilization…
• Interest Rate OutlookImportance 40 · Surprise 42
  PNC expects the Federal Reserve to hold the federal funds rate unchanged throughout 2026 and into 2027. The projected range is 3.50% to 3.75%. Management says risks are skewed toward tighter monetary policy because…
• Visa Interchange LitigationImportance 40 · Surprise 42
  PNC’s Visa Class B-3 shares remain transferable only under limited circumstances until the pending interchange litigation is resolved or Visa launches another exchange program. PNC estimated the total value of its Visa…
• Credit Loss ProvisionsImportance 37 · Surprise 32
  PNC recorded a $191 million provision for credit losses in the second quarter of 2026 and $401 million in the first six months, with both periods driven by portfolio activity and updates to macroeconomic factors. The…
• Capital Adequacy and RequirementsImportance 37 · Surprise 32
  PNC states that its capital and liquidity priorities are to support customers, fund business investments and return excess capital while maintaining appropriate levels under economic conditions and the Basel III…
• Retail Banking Demand TrendsImportance 36 · Surprise 40
  Retail Banking average total loans increased by $13.1 billion year over year to $110.7 billion for the first six months of 2026. Consumer growth reflected residential real estate and home equity loans acquired from…
• FDIC Resolution ProposalsImportance 32 · Surprise 60
  On June 30, 2026, the FDIC proposed reducing assessments by 1 basis point for large and highly complex banks such as PNC Bank. The proposal would permit an additional 0.5-basis-point reduction for successful virtual…
• Nonperforming AssetsImportance 25 · Surprise 32
  Total nonperforming assets declined $211 million, or 9%, to $2,150 million at June 30, 2026 from $2,361 million at December 31, 2025. Nonperforming loans declined $191 million, or 9%, to $2,027 million, including a…
• Geographic Market CommentaryImportance 23 · Surprise 24
  PNC describes Retail Banking as a coast-to-coast franchise and is directing branch investment toward Nashville, Chicago, Sarasota, and Winston-Salem. The bank also identifies Atlanta, Austin, Charlotte, Dallas, Denver,…
• Capital Markets Demand TrendsImportance 20 · Surprise 24
  Capital markets and advisory fees increased both sequentially and year over year. PNC attributed the growth to expansion across its capital markets businesses and strong merger and acquisition advisory activity. The…
• Income Tax Rate ChangesImportance 18 · Surprise 14
  The effective income tax rate was 20.5% in the second quarter of 2026, up from 19.0% in the first quarter. The first-half 2026 effective tax rate was 19.8%, compared with 18.8% in the first half of 2025. The…
• Asset Management GrowthImportance 17 · Surprise 24
  Asset Management Group client assets under management increased year over year, driven by higher spot equity markets and positive net flows. Growth occurred across discretionary and nondiscretionary client assets under…
• Customer Transaction ActivityImportance 13 · Surprise 6
  Card and cash management revenue increased sequentially because of seasonally higher consumer transaction volumes and growth in treasury management product revenue. Compared with the first six months of 2025, revenue…

News · 2026-08-05

• Capital Expenditure ProgramImportance 46 · Surprise 42
  PNC opened its 50th new branch in Hialeah, Florida, as part of a plan to build more than 300 branches across the United States. The expansion is supported by a $2 billion investment initiative, including 55 planned new…
• Branch Network ExpansionImportance 46 · Surprise 42
  PNC Bank opened its 50th new branch in Hialeah, Florida, as part of a plan to build more than 300 branches across the United States. The bank plans 55 new locations in 2026 and approximately 60 annually beginning in…
• Distribution Channels ExpansionImportance 46 · Surprise 42
  PNC is pursuing a coast-to-coast banking expansion, including entry into higher-growth markets such as the Rocky Mountain region and continued growth in North Florida. The bank plans to invest $2 billion in a U.S.…
• Revenue Performance and MixImportance 41 · Surprise 48
  PNC reported second-quarter 2026 revenue of $6.875 billion, with significant year-over-year growth. Higher net interest income and growth in fee-based businesses drove the revenue increase. Average loans rose 12.5%…

News · 2026-08-04

• Loan Demand TrendsImportance 36 · Surprise 40
  Third-party coverage characterized PNC’s growth strategy as being supported by loan expansion and entry into higher-growth markets. Average loans were reported up 12.5% year over year in second-quarter coverage,…
• Wealth Management GrowthImportance 31 · Surprise 42
  PNC Private Bank appointed Kevin Brubaker as market leader for North Florida. He will lead client engagement and expansion across the Jacksonville, Gainesville, and Daytona Beach metropolitan areas. The initiative is…