PNC · 10-Q · 2026Q3 · Full report

Stress Testing Regulatory Changes

PNC FINANCIAL SERVICES GROUP, INC. · 2026-11-03 · Importance 37 · Surprise 42

The Federal Reserve’s Enhanced Transparency Rule requires annual publication of stress-test model documentation and public comment on scenarios and material model changes. It shifts capital-plan submission deadlines from April 5 to April 30 and final SCB deadlines from August 31 to September 30; firms apply new SCBs on January 1 of the following year rather than October 1 of the stress-test year. Effective January 1, 2029, the SCB Averaging Rule calculates the SCB using two consecutive supervisory stress-test results; PNC remains subject to its 2.5% minimum SCB until a new requirement takes effect January 1, 2028.

Key facts

• The Federal Reserve issued the Enhanced Transparency Rule and SCB Averaging Rule on September 30, 2026; the latter is intended to reduce volatility in PNC’s SCB requirement based on supervisory stress test results. source
• PNC will remain subject to its current 2.5% minimum SCB until a new SCB requirement takes effect on January 1, 2028. source
• Effective January 1, 2029, the SCB will be calculated using the average of two consecutive supervisory stress test results. source
• The Federal Reserve moved the capital plan submission deadline from April 5 to April 30 and the deadline for final SCB requirements from August 31 to September 30. source
• Firms will be required to comply with new SCBs on January 1 of the year following the stress test, rather than October 1 of the year in which it occurs. source
• The Federal Reserve requested comment on proposed revisions to its noninterest income model that, if adopted, would replace the current model beginning with the 2027 stress test. source