PNC · 10-Q · 2026Q2 · Full report

Capital Expenditure Plan

PNC FINANCIAL SERVICES GROUP, INC. · 2026-08-05 · Importance 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 completing renovations across the entire branch network by 2029. Incremental investments are focused on Nashville, Chicago, Sarasota and Winston-Salem, while the earlier plan targeted strategic growth markets including Atlanta, Austin, Charlotte, Dallas, Denver, Houston, Miami, Orlando, Phoenix, Raleigh, San Antonio and Tampa.