PNC · 10-Q · 2026Q3 · Full report
Liquidity and Debt Position
PNC FINANCIAL SERVICES GROUP, INC. · 2026-11-03 · Importance 61 · Surprise 32 · From source text
Total deposits rose to $466.4 billion at September 30, 2026, from $440.9 billion at December 31, 2025, driven by higher commercial and consumer balances and the addition of FirstBank deposits; uninsured deposits were approximately 46% of the total. Primary contingent liquidity totaled $233.0 billion, down from $241.4 billion at year-end 2025, including $23.9 billion of Federal Reserve cash and $79.9 billion of available investment securities. Consolidated senior and subordinated debt ended September 30, 2026 at $40.5 billion, after $7.7 billion of issuances and $7.0 billion of calls and maturities during the period. Available parent company liquidity was $29.6 billion, and parent company senior and subordinated debt carrying value was $35.7 billion, compared with $33.7 billion at December 31, 2025.
Key facts
- PNC issued $1.0 billion of 5.463% senior fixed-to-floating rate notes on July 21, 2026, maturing July 21, 2037. source
- PNC issued $1.0 billion of 4.831% senior fixed-to-floating rate notes on July 21, 2026, maturing July 19, 2030. source
- PNC's borrowed funds increased $22.7 billion, or 40%, to $79.8 billion by September 30, 2026, primarily due to higher FHLB advances. source
- PNC’s total borrowed funds were $79.757 billion at September 30, 2026, up $22.656 billion from December 31, 2025, primarily due to higher FHLB advances. source
- PNC redeemed $1.0 billion of 5.102% senior fixed-to-floating notes due July 23, 2027, on July 23, 2026, at 100% of principal plus accrued and unpaid interest. source
- PNC investment securities totaled $146.4 billion at September 30, 2026, up $8.1 billion, or 6%, from December 31, 2025. source
- PNC’s total deposits were $466.362 billion at September 30, 2026, up $25.496 billion from December 31, 2025. source
- PNC’s total brokered deposits were $8.6 billion at September 30, 2026, including $7.6 billion of brokered time deposits; at December 31, 2025, they were $5.1 billion, including $3.6 billion of brokered time deposits. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -7.7% | PNC’s total funding sources were $546.119 billion at September 30, 2026, up $48.152 billion from December 31, 2025. |
| liability | negative | realized | -4.1% | PNC’s total deposits were $466.362 billion at September 30, 2026, up $25.496 billion from December 31, 2025. |
| liability | negative | realized | -3.6% | PNC’s total borrowed funds were $79.757 billion at September 30, 2026, up $22.656 billion from December 31, 2025, primarily due to higher… |
| assets | positive | realized | +1.3% | PNC investment securities totaled $146.4 billion at September 30, 2026, up $8.1 billion, or 6%, from December 31, 2025. |
| cash | positive | realized | +0.2% | PNC issued $1.0 billion of 5.463% senior fixed-to-floating rate notes on July 21, 2026, maturing July 21, 2037. |
| cash | negative | realized | -0.2% | PNC redeemed $1.0 billion of 5.102% senior fixed-to-floating notes due July 23, 2027, on July 23, 2026, at 100% of principal plus accrued… |