PNC · 10-Q · 2026Q2 · Full report
Geographic Market Commentary
PNC FINANCIAL SERVICES GROUP, INC. · 2026-08-05 · Importance 23 · Surprise 24
PNC describes Retail Banking as a coast-to-coast franchise and is directing branch investment toward Nashville, Chicago, Sarasota, and Winston-Salem. The bank also identifies Atlanta, Austin, Charlotte, Dallas, Denver, Houston, Miami, Orlando, Phoenix, Raleigh, San Antonio, and Tampa as strategic growth markets. Commercial real estate lending is geographically diverse across the United States, with notable exposure in California, Colorado, Florida, Texas, and Arizona. Residential mortgage and home equity portfolios are concentrated in states including California, Pennsylvania, New Jersey, Florida, Ohio, Texas, and Maryland, while 39% of originated nonconforming residential mortgage loans were located in California at June 30, 2026.