PNC · 10-Q · 2026Q2

PNC FINANCIAL SERVICES GROUP, INC.

Filed 2026-08-05 · Financials · View original filing on EDGAR

Ranked Events

• Liquidity and Debt PositionImportance 81 · Surprise 64
  Total assets increased $42.5 billion, or 7%, from December 31, 2025 to $616.0 billion at June 30, 2026, while total deposits rose $8.9 billion, or 2%, to $449.8 billion. Borrowed funds increased $28.6 billion, or 50%,…
• Guidance / OutlookImportance 67 · Surprise 76
  For the third quarter of 2026, PNC expects average loans to increase 1% to 2% sequentially and net interest income to increase 3% to 3.5%. Fee income is expected to decline 5% to 5.5%, while noninterest expense is…
• Capital Expenditure PlanImportance 60 · Surprise 74
  PNC announced an approximately $2.0 billion investment in its retail branch network through 2030, up from the previously announced $1.5 billion plan. The program includes opening more than 300 new branches and…
• Distribution Channels ExpansionImportance 60 · Surprise 74
  PNC serves consumers and small businesses through a coast-to-coast network of retail branches and ATMs, digital capabilities, and phone-based customer contact centers. The bank continues to refine product and service…
• Interest Rate RiskImportance 57 · Surprise 64
  PNC’s June 30, 2026 NII sensitivity was 0% under an instantaneous 200-basis-point rate increase and negative 1.6% under a 200-basis-point decrease, compared with 0.9% and negative 2.0%, respectively, in 2025. Its EVE…
• Macroeconomic Factors ImpactImportance 57 · Surprise 64
  PNC’s June 30, 2026 CECL scenarios incorporate ongoing geopolitical conflicts, higher energy prices, and trade and fiscal policy impacts, including tariffs, on the U.S. economic outlook. Management expects…
• End-Market Demand TrendsImportance 54 · Surprise 40
  Average total loans increased 11.7% year over year to $357.1 billion for the six months ended June 30, 2026. Commercial and industrial loans grew 15.9% to $217.6 billion, while commercial real estate loans increased…
• Wealth Management GrowthImportance 54 · Surprise 40
  PNC’s discretionary client assets under management reached $247 billion at June 30, 2026, up from $230 billion at March 31, 2026 and $217 billion a year earlier. The year-over-year increase was approximately 14%,…
• Commercial Loan Demand GrowthImportance 54 · Surprise 40
  Average loans increased 12% year over year to $357.1 billion for the first six months of 2026, primarily driven by strong new production in commercial lending. Total commercial loans rose 14% from December 31, 2025 to…
• Revenue Performance and MixImportance 54 · Surprise 40
  Retail Banking total revenue increased $1,154 million to $8,525 million in the first six months of 2026 from $7,371 million in the same period of 2025, while earnings rose $562 million to $3,096 million. Corporate &…
• Noninterest Income TrendsImportance 53 · Surprise 48
  Second-quarter noninterest income increased $564 million, or 26%, sequentially to $2.768 billion, while first-half noninterest income increased $890 million, or 22%, year over year to $4.972 billion. Capital markets…
• Customer-Related Trading GrowthImportance 51 · Surprise 64
  Customer-related trading revenue increased to $176 million for the six months ended June 30, 2026, from $91 million in the prior-year period. The $85 million, or 93%, increase was primarily driven by higher…
• Commercial Real Estate RiskImportance 50 · Surprise 24
  Commercial real estate loans totaled $36.0 billion at June 30, 2026, including $23.5 billion of income-producing property mortgages, $7.2 billion of intermediate-term financing loans, and $5.3 billion of construction…
• Capital Return ProgramImportance 50 · Surprise 42
  PNC returned $1.3 billion to shareholders in the second quarter of 2026, consisting of $0.7 billion of common dividends and $0.6 billion of common share repurchases. Approximately 29% of the 100 million shares…
• Equity Investment GainsImportance 49 · Surprise 60
  PNC’s equity investments increased to $11.735 billion at June 30, 2026, from $10.790 billion at December 31, 2025, including $5.881 billion of tax credit investments and $5.854 billion of private equity and other…
• Net Interest Income TrendsImportance 48 · Surprise 40
  Second-quarter 2026 net interest income was $4.107 billion, up $146 million, or 4%, from the first quarter, supported by commercial loan growth and higher noninterest-bearing deposit balances. First-half net interest…
• Acquisition / Partnership / DivestitureImportance 47 · Surprise 60
  On January 5, 2026, PNC acquired FirstBank Holding Company for $4.2 billion of cash and PNC common stock consideration to common and Series A preferred shareholders, plus $0.1 billion of consideration to Series B…
• Commercial Lending DemandImportance 42 · Surprise 40
  Corporate & Institutional Banking average loans increased $24.4 billion year over year to $229.8 billion for the first six months of 2026. Corporate Banking loan growth reflected new production and higher utilization…
• Operating Expense TrendsImportance 42 · Surprise 40
  Retail Banking noninterest expense increased $434 million to $4,226 million in the first six months of 2026 from $3,792 million, primarily due to FirstBank operating expenses and technology investments. Corporate &…
• Visa Interchange LitigationImportance 40 · Surprise 42
  PNC’s Visa Class B-3 shares remain transferable only under limited circumstances until the pending interchange litigation is resolved or Visa launches another exchange program. PNC estimated the total value of its Visa…

Revenue by Product (in millions)