PNC · 10-Q · 2026Q2 · Full report

Retail Banking Demand Trends

PNC FINANCIAL SERVICES GROUP, INC. · 2026-08-05 · Importance 36 · Surprise 40 · Matches filing data

Retail Banking average total loans increased by $13.1 billion year over year to $110.7 billion for the first six months of 2026. Consumer growth reflected residential real estate and home equity loans acquired from FirstBank, as well as expansion in auto and credit card portfolios, while commercial loans also increased from acquired FirstBank loans. Average deposits rose by $27.7 billion to $269.9 billion, driven by acquired FirstBank deposits and growth in client relationships. PNC is targeting stable, low-cost relationship deposits while using targeted retention strategies for more rate-sensitive customers.

Key facts

• Originated nonconforming residential mortgage loans totaled $45.7 billion at June 30, 2026, with 39% located in California; December 31, 2025: $39.5 billion and 46% in California source
• Home equity loans at June 30, 2026: $26.3 billion comprised of $22.7 billion HELOCs and $3.6 billion closed-end installment loans; December 31, 2025: $25.9 billion comprised of $22.1 billion HELOCs and $3.8 billion closed-end source
• Residential real estate loans total at June 30, 2026: $48,709 million; December 31, 2025: $43,760 million source
• Home equity loans total at June 30, 2026: $26,280 million; December 31, 2025: $25,941 million source
• Auto loans at June 30, 2026 totaled $15.9 billion comprised of $15.0 billion indirect and $0.9 billion direct; December 31, 2025 totals: $16.6 billion comprised of $15.6 billion indirect and $1.0 billion direct source
• Total consumer loans increased $5,058 million, or 5%, to $104,076 million at June 30, 2026 source
• Retail Banking average total consumer loans at June 30, 2026: $90,036 million; 2025: $84,852 million source
• Retail Banking average total loans at June 30, 2026: $110,744 million; 2025: $97,635 million source

Impact estimates