PNC · 10-Q · 2026Q2 · Full report

Capital Return Program

PNC FINANCIAL SERVICES GROUP, INC. · 2026-08-05 · Importance 50 · Surprise 42 · In source text

PNC returned $1.3 billion to shareholders in the second quarter of 2026, consisting of $0.7 billion of common dividends and $0.6 billion of common share repurchases. Approximately 29% of the 100 million shares authorized under the existing repurchase program remained available at June 30, 2026. Third-quarter 2026 repurchases were expected to approximate second-quarter levels, subject to market and economic conditions. On July 6, 2026, PNC raised its quarterly common dividend to $2.00 per share, an increase of $0.30 or 18%, payable August 5, 2026.

Key facts

• On July 6, 2026, the PNC Board of Directors raised the quarterly cash dividend on common stock to $2.00 per share, an increase of 30 cents, or 18%; the dividend is payable on August 5, 2026 to shareholders of record at the close of business July 20, 2026. source
• On July 6, 2026, the PNC Board of Directors raised the quarterly cash dividend on common stock to $2.00 per share, an increase of 30 cents, or 18%, payable on August 5, 2026 to shareholders of record at the close of business July 20, 2026 source
• PNC says its ability to take certain capital actions, including returning capital to shareholders, is subject to meeting or exceeding minimum capital levels, including a stress capital buffer established by the Federal Reserve Board in connection with the Federal Reserve Board’s CCAR process. source
• Share repurchase activity in the third quarter of 2026 is expected to approximate second quarter of 2026 share repurchase levels. source
• PNC’s SCB will be maintained at the regulatory minimum of 2.5% through September 30, 2027. source
• In the second quarter of 2026, PNC returned $1.3 billion of capital to shareholders, consisting of $0.7 billion of dividends on common shares and $0.6 billion of common share repurchases. source
• In the second quarter of 2026, PNC returned $1.3 billion of capital to shareholders, reflecting $0.7 billion of dividends on common shares and $0.6 billion of common share repurchases source
• Approximately 29% of the 100 million common shares remained available for repurchase at June 30, 2026 under the repurchase program previously approved by the Board of Directors. source

Impact estimates