PNC · 10-Q · 2026Q3 · Full report

Operating Expense Trends

PNC FINANCIAL SERVICES GROUP, INC. · 2026-11-03 · Importance 55 · Surprise 58 · Matches filing data

Noninterest expense increased $1.386 billion, or 14%, to $11.617 billion for the first nine months of 2026 compared with the same 2025 period. The increase reflected FirstBank operating expenses, higher personnel costs as business activity grew, $245 million of FirstBank integration expenses and a $140 million pre-tax PNC Foundation contribution expense. Third-quarter noninterest expense declined $347 million, or 8%, sequentially to $3.751 billion, including $27 million of FirstBank integration expenses compared with $121 million in the second quarter. Personnel expense was $6.410 billion for the first nine months, up from $5.749 billion a year earlier.

Key facts

• PNC's noninterest expense increased $1.4 billion, or 14%, in the first nine months of 2026 versus 2025, reflecting FirstBank expenses, higher personnel costs, $245 million of acquisition integration expenses and a $140 million PNC Foundation contribution expense. source
• PNC's third-quarter 2026 noninterest expense decreased $347 million, or 8%, from the second quarter and included $27 million of FirstBank acquisition integration expenses. source
• PNC does not plan to early adopt ASU 2024-03 and expects to provide additional disaggregated income statement expense disclosures under the standard. source
• PNC Retail Banking’s nine-month 2026 noninterest expense increased primarily due to FirstBank operating expenses and technology investments. source

Impact estimates