PNC · 8-K · 20261015PR065997

Net Interest Income Trends

PNC FINANCIAL SERVICES GROUP, INC. · 2026-10-15 · Importance 64 · Surprise 40

Third-quarter 2026 net interest income was $4.206 billion, up 15% year over year and 2% sequentially. Net interest margin was 2.94%, compared with 2.96% in the second quarter and 2.79% a year earlier. Year-to-date net interest income was $12.274 billion, up 15% year over year. PNC expects fourth-quarter net interest income to increase about 4% from the third quarter and net interest margin to be 3.0% or higher.

Key facts

• PNC’s 3Q26 net interest income was $4.206 billion, up 2% linked quarter and 15% year over year; year-to-date 2026 net interest income was $12.274 billion, up 15%. source
• PNC expected approximately $5 billion of fixed-rate securities runoff at a 2.65% yield. source
• PNC projected 33% of its securities and swap portfolio to run off through 2028. source
• PNC’s 3Q26 net interest income was $4.206 billion, compared with $4.107 billion in 2Q26 and $3.648 billion in 3Q25; its net interest margin was 2.94%. source
• PNC’s 3Q26 interest-bearing deposit rate paid increased 7 basis points linked quarter and decreased 34 basis points year over year. source
• PNC’s receive-fixed rate on its swap portfolio was 3.92% as of September 30, 2026. source