PNC Financial Services Group Q2 2026: Revenue $6.88B, EPS $4.81— 10-Q Summary
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PNC Financial Services Group reported second-quarter 2026 results with revenue of $6.875B and diluted EPS of $4.81, versus revenue of $5.661B and EPS of $3.85 in Q2 2025, driven by higher net interest income and growth in fee businesses.
Financial Highlights
- Revenue was $6.875B, compared with $5.661B in the prior-year quarter; YoY change 21.4%.
- Net income was $2.055B, compared with $1.643B in the prior-year quarter; YoY change 25.1%.
- Diluted EPS was $4.81, compared with $3.85 in the prior-year quarter; YoY change 25%.
Business Highlights
- Total revenue rose about 17% year-to-date, supported by higher net interest income and a 22% increase in noninterest income.
- Retail footprint expanded with conversion of roughly 780,000 customers and 95 branches from FirstBank, increasing presence in Colorado and Arizona.
- Fee revenue and assets under management benefited from strong capital markets, advisory, card and treasury management activity.
- Continued investments in branches and digital channels, including a branch renovation plan and a $2B branch investment commitment through 2030.
- Company guidance for 2026 expects loans to rise about 12.5% and net interest income to increase roughly 15%, emphasizing loan and deposit growth with expense discipline.
Original SEC Filing: PNC FINANCIAL SERVICES GROUP, INC. [ PNC ] - 10-Q - Aug. 05, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.