PNC · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

PNC FINANCIAL SERVICES GROUP, INC. · 2026-08-05 · Importance 18 · Surprise 14

The effective income tax rate was 20.5% in the second quarter of 2026, up from 19.0% in the first quarter. The first-half 2026 effective tax rate was 19.8%, compared with 18.8% in the first half of 2025. The 100-basis-point sequential increase and 100-basis-point year-over-year increase affected the tax burden on second-quarter income of $2.586 billion and first-half income before taxes of $4.773 billion.