PNC · 10-Q · 2026Q3 · Full report
Capital Return Program
PNC FINANCIAL SERVICES GROUP, INC. · 2026-11-03 · Importance 56 · Surprise 24 · No source text
PNC returned $1.4 billion to shareholders in the third quarter of 2026, comprising $0.8 billion of common dividends and $0.6 billion of common share repurchases. At September 30, 2026, approximately 27% of the 100 million shares authorized under the existing repurchase program remained available. Management expected fourth-quarter 2026 repurchases to approximate third-quarter levels, subject to market and economic conditions, and said the SCB would remain at the 2.5% regulatory minimum through December 31, 2027. On October 2, 2026, the Board declared a $2.00-per-share quarterly common dividend payable November 5, 2026.
Key facts
- PNC returned $1.4 billion of capital to shareholders in third-quarter 2026, comprising $0.8 billion of common dividends and $0.6 billion of common share repurchases. source
- PNC returned $1.4 billion of capital to shareholders in the third quarter of 2026: $0.8 billion in common dividends and $0.6 billion in common share repurchases. source
- On October 2, 2026, PNC's board declared a quarterly common-stock cash dividend of $2.00 per share, payable November 5, 2026 to shareholders of record October 14, 2026. source
- On October 2, 2026, PNC’s board declared a $2.00-per-share quarterly common dividend, payable November 5, 2026, to shareholders of record October 14, 2026. source
- PNC’s nine-month 2026 shareholders’ equity increase reflected $5.9 billion of net income and $3.0 billion of FirstBank acquisition stock issuances, partly offset by a $3.1 billion AOCI decline, $2.4 billion in dividends, and $1.9 billion in common share repurchases. source
- PNC expected fourth-quarter 2026 share repurchases to approximate third-quarter 2026 levels. source
- PNC shareholders’ equity was $62.4 billion at September 30, 2026, up $1.8 billion, or 3%, from December 31, 2025. source
- PNC’s SCB was to remain at the regulatory minimum of 2.5% through December 31, 2027. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -0.7% | PNC’s nine-month 2026 shareholders’ equity increase reflected $5.9 billion of net income and $3.0 billion of FirstBank acquisition stock… |
| cash | negative | realized | -0.2% | PNC returned $1.4 billion of capital to shareholders in third-quarter 2026, comprising $0.8 billion of common dividends and $0.6 billion… |
| cash | negative | committed | -0.1% | PNC expected fourth-quarter 2026 share repurchases to approximate third-quarter 2026 levels. |
| cash | negative | committed | — | On October 2, 2026, PNC's board declared a quarterly common-stock cash dividend of $2.00 per share, payable November 5, 2026 to… |