PNC · 8-K · 20261015PR065997
Guidance / Outlook
PNC FINANCIAL SERVICES GROUP, INC. · 2026-10-15 · Importance 79 · Surprise 76 · No source text
For full-year 2026, PNC raised its outlook versus prior guidance to average loan growth of approximately 13.5%, net interest income growth of approximately 15.5%, noninterest income growth of approximately 10.5%, and total revenue growth of approximately 13.7%, each versus 2025. It expects 2026 noninterest expense growth of approximately 9.5% and an effective tax rate of approximately 19.5%. For fourth-quarter 2026 versus third-quarter 2026, PNC expects average loans to increase approximately 2.5%, net interest income approximately 4.0%, fee income approximately 3.5%, and adjusted noninterest expense approximately 5.0%; it also expects net charge-offs of approximately $250 million and NIM of 3.0% or higher.
Key facts
- PNC increased its FY2026 net interest income growth outlook from 15%–15.5% to approximately 15%, against a FY2025 baseline of $14.410 billion. source
- PNC increased its FY2026 noninterest income growth outlook from approximately 9% to approximately 10.5%, against a FY2025 baseline of $8.689 billion. source
- PNC increased its FY2026 total revenue growth outlook from approximately 13% to approximately 13.7%, against a FY2025 baseline of $23.099 billion. source
- Including integration expenses incurred to date and 2Q26 significant items, PNC’s GAAP FY2026 noninterest expense guidance equates to growth of approximately 12.3%. source
- Including integration costs incurred to date of $16 million and significant items of $199 million, PNC’s GAAP FY2026 noninterest income guidance equates to growth of approximately 12.6%, and GAAP total revenue guidance to growth of approximately 14.5%. source
- PNC increased its FY2026 average-loan growth outlook from approximately 12.5% to approximately 13.5%, against a FY2025 baseline of $323.4 billion. source
- PNC increased its FY2026 noninterest expense growth outlook from approximately 8.5% to approximately 9.5%, against a FY2025 baseline of $13.834 billion. source
- PNC expects 4Q26 net charge-offs of approximately $250 million, compared with $257 million in 3Q26. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +41.4% | Including integration costs incurred to date of $16 million and significant items of $199 million, PNC’s GAAP FY2026 noninterest income… |
| revenue | positive | committed | +39.1% | PNC increased its FY2026 total revenue growth outlook from approximately 13% to approximately 13.7%, against a FY2025 baseline of $23.099… |
| operating_income | negative | committed | -16.3% | PNC increased its FY2026 noninterest expense growth outlook from approximately 8.5% to approximately 9.5%, against a FY2025 baseline of… |
| assets | positive | committed | +6.0% | PNC increased its FY2026 average-loan growth outlook from approximately 12.5% to approximately 13.5%, against a FY2025 baseline of $323.4… |
| operating_income | negative | realized | -3.8% | PNC’s FY2026 guidance excludes approximately $300 million of expected non-recurring merger and integration costs; $261 million had been… |
| operating_income | negative | committed | -0.5% | PNC’s FY2026 guidance excludes approximately $300 million of expected non-recurring merger and integration costs; $261 million had been… |
| operating_income | negative | committed | — | Including integration expenses incurred to date and 2Q26 significant items, PNC’s GAAP FY2026 noninterest expense guidance equates to… |
| margin | positive | committed | — | PNC expects 4Q26 net interest margin of 3.0% or above. |