PNC · 10-Q · 2026Q2 · Full report

Revenue Performance and Mix

PNC FINANCIAL SERVICES GROUP, INC. · 2026-08-05 · Importance 54 · Surprise 40 · No source text

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 & Institutional Banking revenue increased $787 million to $6,369 million from $5,582 million, driven by higher net interest income, capital markets and advisory activity, and treasury management revenue. Treasury management revenue increased $212 million to $2,342 million, reflecting higher average deposits, product revenue, and deposit spreads. Asset Management Group earnings increased $16 million, supported by higher revenue from stronger equity markets and positive net flows.

Key facts

• Total loans at June 30, 2026 were $367,953 million, an increase of $36,472 million, or 11%, compared to December 31, 2025 source
• Total revenue for the three months ended June 30, 2026 was $6,875 million source
• Retail Banking six months ended June 30 2026 total revenue: $8,525 million; 2025: $7,371 million source
• Corporate & Institutional Banking six months ended June 30 2026 total revenue: $6,369 million; 2025: $5,582 million source
• Corporate & Institutional Banking earnings in first six months of 2026 increased $417 million compared to same period in 2025 driven by higher revenue and a lower provision for credit losses, partially offset by higher noninterest expense source
• Net income of $2,055 million, or $4.81 per diluted common share, for the second quarter of 2026 increased $283 million, or 16%, compared to $1,772 million, or $4.13 per diluted common share, for the first quarter of 2026 source
• Retail Banking six months ended June 30 2026 pre-tax earnings: $4,055 million; 2025: $3,328 million source
• Retail Banking six months ended June 30 2026 earnings: $3,096 million; 2025: $2,534 million source

Impact estimates