PNC · 10-Q · 2026Q2 · Full report

Noninterest Income Trends

PNC FINANCIAL SERVICES GROUP, INC. · 2026-08-05 · Importance 53 · Surprise 48 · In source text

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 and advisory fees rose across businesses, driven partly by strong merger-and-acquisition advisory activity, and asset management and brokerage fees benefited from higher equity markets and client activity. PNC recorded a $448 million gain from the Visa exchange program, a $139 million securities loss from repositioning the available-for-sale portfolio and negative $85 million of Visa derivative adjustments in the second quarter. Discretionary client assets under management reached $247 billion at June 30, 2026, up from $230 billion at March 31, 2026 and $217 billion at June 30, 2025.

Key facts

• Noninterest income increased $564 million, or 26%, for the three months ended June 30, 2026 compared to March 31, 2026 and included a $448 million gain from PNC's participation in the Visa exchange program, a securities loss of $139 million, and Visa derivative adjustments of negative $85 million source
• Noninterest income for the three months ended June 30, 2026 was $2,768 million source
• Loan fees were $56 million and $42 million for the three months ended June 30, 2026 and 2025, respectively, and $98 million and $85 million for the six months ended June 30, 2026 and 2025, respectively. source
• Retail Banking six months ended June 30 2026 noninterest income: $1,997 million; 2025: $1,488 million source
• Corporate & Institutional Banking six months ended June 30 2026 noninterest income: $2,435 million; 2025: $2,000 million source

Impact estimates