The PNC Financial Services Group, Inc. (PNC) Q2 2026 Earnings Call Transcript

2026-07-15 15:57:58

The PNC Financial Services Group, Inc. (PNC) Q2 2026 Earnings Call Transcript

PNC Financial Q2 Earnings Top on NII & Fee Income Growth, Stock Down

2026-07-15 12:31:06

PNC's Q2 2026 results gain from higher NII, fee income and loan growth. However, shares fall nearly 3.8% as expenses rise and deposits decline.

The PNC Financial Services Group Q2 Earnings Call Highlights

2026-07-15 12:04:10

The PNC Financial Services Group NYSE: PNC reported what Chairman and CEO Bill Demchak called an “impressive” second quarter, with management pointing to broad-based business momentum, stronger fee income, continued commercial loan growth and stable credit quality.

The PNC Financial Services Group (PNC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

2026-07-15 10:31:06

Although the revenue and EPS for The PNC Financial Services Group (PNC) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

The PNC Financial Services Group, Inc (PNC) Q2 Earnings and Revenues Top Estimates

2026-07-15 08:51:04

The PNC Financial Services Group, Inc (PNC) came out with quarterly earnings of $4.85 per share, beating the Zacks Consensus Estimate of $4.51 per share. This compares to earnings of $3.85 per share a year ago.

PNC Financial posts record quarterly revenue on capital markets windfall, FirstBank buy

2026-07-15 06:36:30

U.S. bank PNC Financial reported record quarterly revenue on Wednesday, boosted by robust capital markets activity and its acquisition of regional ​lender FirstBank.

PNC Reports Second Quarter 2026 Net Income of $2.1 Billion, $4.81 Diluted EPS or $4.85 as Adjusted

2026-07-15 06:32:00

Generated record revenue, net interest income and fee income Increased quarterly common stock dividend 30 cents, or 18%, to $2.00 per share PITTSBURGH, July 15, 2026 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In millions, except per share data and as noted 2Q26 1Q26 2Q25 Second Quarter Highlights Financial Results Comparisons reflect 2Q26 vs. 1Q26 Net interest income (NII) $ 4,107 $ 3,961 $ 3,555                     Income Statement Adjusted EPS was $4.85 which excludes the net impact of FirstBank integration costs and 2Q26significant items, resulting in a 4 cent reduction to EPS Generated 3% positive operating leverage; PPNR increased 16%; ROTCE of 17.9% NII increased 4%; NIM of 2.96% increased 1 bp Fee income increased 10%, driven by strong capital markets activity Noninterest expense of $4.1 billion included $140 million of PNC Foundation contribution expense, $121 million of integration expenses and the impact of increased business activity                          Balance Sheet Average loans increased $12.3 billion, or 4% Average deposits were stable Average noninterest-bearing deposits grew 4% Rate paid on interest-bearing deposits declined 5 basis points Net loan charge-offs were $226 million, or 0.25% annualized to average loans Maintained strong capital position CET1 capital ratio of 9.9% Returned $1.3 billion to shareholders, including $0.6 billion of share repurchases Increased quarterly common stock dividend 30 cents, or 18% to $2.00 per share Converted FirstBank customers, employees, systems and branches as of June 22, 2026   Fee income (non-GAAP) 2,279 2,079 1,894   Other noninterest income 489 125 212 Noninterest income 2,768 2,204 2,106 Revenue 6,875 6,165 5,661 Noninterest expense 4,098 3,768 3,383 Pretax, pre-provision earnings (PPNR) (non-GAAP) 2,777 2,397 2,278 Provision for credit losses 191 210 254 Net income 2,055 1,772 1,643 Per Common Share Diluted earnings per share (EPS) $  4.81 $  4.13 $  3.85 EPS impact of integration costs and 2Q26 significant items 0.04 0.19 — Diluted EPS - as adjusted (non-GAAP) 4.85 4.32 3.85 Average diluted common shares outstanding 403 405 397 Book value 145.52 143.65 131.61 Tangible book value (TBV) (non-GAAP) 111.09 109.42 103.96 Balance Sheet & Credit Quality Average loans    In billions $ 363.2 $ 350.9 $ 322.8 Noninterest-bearing deposits    In billions 103.5 99.1 93.1 Interest-bearing deposits    In billions 353.5 359.3 329.8 Average deposits    In billions 457.0 458.4 423.0 Accumulated other comprehensive income (loss) (AOCI) In billions (4.1) (3.8) (4.7) Net loan charge-offs 226 253 198 Allowance for credit losses to total loans 1.48 % 1.52 % 1.62 % Selected Ratios Return on average common shareholders' equity 13.61 % 11.92 % 12.20 % Return on avg.

PNC Announces Redemption of 5.102% Fixed Rate/Floating Rate Senior Notes Due July 23, 2027

2026-07-14 08:10:00

PITTSBURGH, July 14, 2026 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on July 23, 2026, of all outstanding 5.102% Fixed Rate/Floating Rate Senior Notes due July 23, 2027, issued by PNC in the amount of $1,000,000,000 (CUSIP 693475 BY0). The securities have an original scheduled maturity date of July 23, 2027.