PNC · 10-Q · 2026Q3 · Full report

Noninterest Income Trends

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

Noninterest income totaled $7.328 billion for the first nine months of 2026, up $979 million, or 15%, year over year, primarily reflecting a $448 million gain from PNC’s participation in the Visa exchange program and higher capital markets and advisory revenue. Third-quarter noninterest income was $2.356 billion, down $412 million, or 15%, sequentially, with Visa activity shifting from $363 million of net Visa activity in the second quarter to negative $25 million in the third quarter. Asset management and brokerage fees increased in both comparisons as average equity markets and client activity rose; discretionary assets under management reached $250 billion at September 30, 2026, versus $228 billion a year earlier. Visa derivative adjustments were negative $153 million for the first nine months of 2026, compared with negative $73 million in the same 2025 period.

Key facts

• PNC's noninterest income increased $979 million, or 15%, in the first nine months of 2026, primarily due to the $448 million gain from its participation in the Visa exchange program and higher capital markets and advisory revenue. source
• PNC's noninterest income was $2.4 billion in third-quarter 2026, down $412 million, or 15%, including negative $25 million of net Visa activity versus $363 million of net Visa activity in second-quarter 2026. source