PNC Reports Third Quarter 2026 Net Income of $2.1 Billion, $4.97 Diluted EPS or $5.09 as Adjusted
PNC reported Q3 2026 net income of $2.1 billion, with diluted EPS of $4.97 and adjusted EPS of $5.09, up $0.24 from the prior quarter. Revenue of $6.6 billion rose 11% year-over-year, driven by net interest income growth of 15% and the FirstBank acquisition contribution. The efficiency ratio improved to 57% and ROTCE reached 18.3%. Average loans grew $9.0 billion sequentially and deposits rose 1%, while PNC returned $1.4 billion to shareholders through dividends and buybacks.
Key figures
- Eps
- 4.97
- Revenue
- 6562000000
- Guidance
- Q4 2026 share repurchase activity expected to approximate Q3 2026 levels; SCB maintained at regulatory minimum 2.5% through December 31, 2027
- Revenue Yoy
- 11%
- Nii
- 4206000000
- Nim
- 2.94%
- Aoci
- -$6.5 billion
- Rotce
- 18.3%
- Avg loans
- $372.2 billion
- Cet1 ratio
- 9.8%
- Fee income
- 2142000000
- Net income
- 2097000000
- Adjusted eps
- 5.09
- Avg deposits
- $461.2 billion
- Capital returned
- $1.4 billion
- Efficiency ratio
- 57%
- Noninterest expense
- 3751000000
- Net loan charge offs
- 257000000
- Q3 dividend per share
- 2
- Eps adjusted change qoq
- $0.24 increase
- Provision for credit losses
- 189000000
AI analysis
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