PNC · 10-Q · 2026Q3 · Full report

Net Interest Income Trends

PNC FINANCIAL SERVICES GROUP, INC. · 2026-11-03 · Importance 48 · Surprise 40

GAAP net interest income for the nine months ended September 30, 2026 was $12.274 billion, up from $10.679 billion in the comparable 2025 period, an increase of approximately 15%. Third-quarter GAAP net interest income was $4.206 billion, compared with $3.648 billion a year earlier, also an increase of approximately 15%. On a taxable-equivalent basis, nine-month net interest income was $12.356 billion and net interest margin was 2.95%, compared with $10.765 billion and 2.79% in 2025; third-quarter taxable-equivalent net interest income was $4.232 billion and margin was 2.94%, compared with $3.678 billion and 2.79%.

Key facts

• PNC's net interest income increased $1.6 billion, or 15%, for the first nine months of 2026 versus the same period in 2025, reflecting FirstBank, loan growth and lower funding costs. source
• PNC's net interest income was $4.2 billion in third-quarter 2026, up $99 million, or 2%, driven by commercial loan growth and higher yields on interest-earning assets, partly offset by increased funding costs. source
• PNC's net interest margin decreased 2 basis points to 2.94% in third-quarter 2026, reflecting growth in lower-yielding loans and higher funding costs. source
• PNC's net interest margin increased 16 basis points for the first nine months of 2026 versus the same period in 2025, including the continued benefit of fixed-rate asset repricing. source