PNC · 10-Q · 2026Q3 · Full report

Guidance / Outlook

PNC FINANCIAL SERVICES GROUP, INC. · 2026-11-03 · Importance 79 · Surprise 76 · No source text

For the fourth quarter of 2026 versus the third quarter, PNC expects average loans to rise approximately 2.5%, net interest income 4.0%, fee income 3.5%, and noninterest expense 5.0%; net loan charge-offs are expected to be approximately $250 million. For full-year 2026 versus 2025, PNC expects average loans to increase approximately 13.5%, net interest income 15.5%, noninterest income 12.6%, and total revenue 14.5%. Full-year noninterest expense is expected to increase 12.3%, and the effective tax rate is expected to be approximately 19.5%. The full-year expense guidance excludes approximately $300 million of expected total non-recurring merger and integration expenses, including approximately $20 million expected in the fourth quarter, and excludes the $140 million second-quarter PNC Foundation contribution expense.

Key facts

• PNC's full-year 2026 guidance versus 2025 is for average loans up approximately 13.5%, net interest income up approximately 15.5%, noninterest income up approximately 12.6%, and total revenue up approximately 14.5%. source
• PNC expected full-year 2026 noninterest expense of approximately 12.3% above 2025, including anticipated integration costs and significant items; adjusted noninterest expense excluding those items was expected to rise approximately 9.5%. source
• PNC’s adjusted full-year 2026 noninterest income outlook was approximately 12.6% above 2025, and adjusted noninterest income excluding integration costs and significant items was approximately 10.5% higher. source
• PNC’s adjusted full-year 2026 revenue outlook was approximately 14.5% above 2025, and adjusted revenue excluding integration costs and significant items was approximately 13.7% higher. source
• PNC expects approximately $300 million in total non-recurring merger and integration expenses in 2026, with $261 million recognized in the first nine months and approximately $20 million expected in fourth-quarter 2026. source
• PNC’s full-year 2026 adjusted noninterest expense outlook excluded $300 million of anticipated integration costs, of which $261 million was recognized in the first nine months of 2026 ($245 million in noninterest expense and $16 million in noninterest income). source
• PNC expects full-year 2026 noninterest expense to increase approximately 12.3% versus 2025 and the effective tax rate to be approximately 19.5%. source
• PNC expects fourth-quarter 2026 average loans to increase approximately 2.5% versus third-quarter 2026. source

Impact estimates