The PNC Financial Services Group, Inc. earnings overview

PNC FY2026 Q2 · Calendar Q3 2026

The PNC Financial Services Group, Inc.

PNC delivered a second consecutive strong quarter, with adjusted EPS of $4.85 (up 25% YoY) beating the $4.46 consensus by 8.7% and revenue of $6.88B exceeding the $6.51B estimate by 5.5%. The quarter was highlighted by a 10% YoY increase in fee income driven by record M&A advisory revenue, 4% YoY loan portfolio expansion led by commercial and industrial lending, and the successful integration of FirstBank without disruption to core operations. Management raised the dividend 18% to $2.00 per share and continued share repurchases at a $1.3B annual pace. A one-time $448M pre-tax gain from monetizing half of PNC's Visa Class B2 shares further strengthened the capital position, with CET1 at 9.9%. Guidance was maintained, with NIM expected to exceed 3% by year-end and ROTCE targeted at 18% for FY26. The market reaction was modestly positive on the report day (abnormal move +0.50%) but the…