PNC · 10-Q · 2026Q2 · Full report

Asset Management Growth

PNC FINANCIAL SERVICES GROUP, INC. · 2026-08-05 · Importance 17 · Surprise 24

Asset Management Group client assets under management increased year over year, driven by higher spot equity markets and positive net flows. Growth occurred across discretionary and nondiscretionary client assets under management. PNC Private Bank serves emerging affluent, high net worth, and ultra-high net worth clients with banking, trust, and investment management services. Institutional Asset Management provides outsourced chief investment officer, custody, cash and fixed-income solutions, and retirement-plan fiduciary investment services to corporations, healthcare systems, insurers, municipalities, and non-profits.

Key facts

• Asset Management Group earnings in first six months of 2026 increased $16 million compared to same period in 2025 driven by higher revenue partially offset by higher noninterest expense and a higher provision for credit losses source
• Asset Management Group noninterest income increased reflecting higher average equity markets and positive net flows source
• Asset Management Group average total loans at June 30, 2026: $14,521 million; December 31, 2025: $14,112 million source