PNC FINANCIAL SERVICES GROUP, INC. (PNC) Form 8-K — Oct 15, 2026
PNC reported third quarter 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 and well above the $4.35 reported a year ago. The quarter featured 2% sequential net interest income growth to $4.2 billion, a 57% efficiency ratio, and 18.3% ROTCE, while average loans grew $9.0 billion and deposits rose 1%, aided by the FirstBank acquisition completed in January 2026. PNC returned $1.4 billion to shareholders via $0.8 billion of dividends and $0.6 billion of buybacks, declared a raised $2.00 quarterly dividend, and expects Q4 buybacks to approximate Q3 levels.
Key figures
- Eps
- 4.97
- Revenue
- 6562000000
- Guidance
- Q4 2026 share repurchases expected to approximate Q3 levels; SCB maintained at regulatory minimum of 2.5% through Dec 31, 2027
- Net Income
- 2097000000
- Total Debt
- 79757000000
- Revenue Yoy
- +11% vs 3Q25 ($6,562M vs $5,915M)
- Total Assets
- 627816000000
- Shares Outstanding
- 397000000
- Aoci
- -$6.5B
- Rotce
- 18.3%
- Cet1 ratio
- 9.8%
- Average loans
- $372.2B (+2% QoQ)
- Capital return
- $1.4B ($0.8B dividends, $0.6B buybacks)
- Average deposits
- $461.2B (+1% QoQ)
- Efficiency ratio
- 57%
- Quarterly dividend
- $2.00 per share
- Net interest income
- $4,206M (+2% QoQ, +15% YoY)
- Net interest margin
- 2.94%
- Nonperforming loans
- $2.2B (+8% QoQ)
- Adjusted diluted eps
- 5.09
- Net loan charge offs
- $257M
- Provision for credit losses
- $189M
- Allowance for credit losses ratio
- 1.42%
AI analysis
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