PNC Financial Services Group, Inc. (The): Mixed — EPS $5.09, Revenue $6.56B
Mixed ResultQ3 2026 · Pre-market
@trystockwhiz
Did PNC Financial Services Group, Inc. (The) (PNC) beat earnings today?
It was a mixed report for Q3 2026 — PNC Financial Services Group, Inc. (The) (PNC) beat on EPS but missed on revenue.
Earnings Per Share+2.21% surprise
$5.09Actual
Expected: $4.98
Total Revenue-0.42% surprise
$6.56BActual
Expected: $6.59B
vs. year ago +11.0%
Released Oct 15 · 6:32 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $6.56B | $5.92B | +11.0% |
| Consolidated revenue by source | |||
| └─Net interest income | $4.21B | $3.65B | +15.0% |
| └─Noninterest income | $2.36B | $2.27B | +4.0% |
| Revenue by business — separate view | |||
| └─Asset management and brokerage | $447.00M | $404.00M | +11.0% |
| └─Capital markets and advisory | $433.00M | $432.00M | +0.2% |
| └─Card and cash management | $769.00M | $737.00M | +4.0% |
| └─Lending and deposit services | $358.00M | $335.00M | +7.0% |
| └─Residential and commercial mortgage | $135.00M | $161.00M | -16.0% |
| └─Fee income | $2.14B | $2.07B | +4.0% |
| └─Other noninterest income | $214.00M | $198.00M | +8.0% |
| Net income | $2.10B | $1.82B | +15.1% |
| GAAP Basic EPS | $4.98 | $4.36 | +14.2% |
| GAAP Diluted EPS | $4.97 | $4.35 | +14.3% |
| Diluted EPS - as adjusted | $5.09 | - | - |
Business Highlights
- ➤Continued FirstBank acquisition integration during the quarter.
- ➤Transferred a $1.4B student loan portfolio to held-for-sale.
- ➤Commercial loan production reflected strong new production and increased utilization.
- ➤Expanded client relationships supported commercial deposit growth.
- ➤Board declared a $2.00 per-share quarterly common-stock cash dividend.
- ➤Returned $1.4B of capital through common dividends and share repurchases.
- ➤Approximately 27% of 100M shares remained available under the authorized repurchase program.
- ➤Average LCR was 106%, exceeding the regulatory minimum throughout the quarter.
- ➤Fourth-quarter share repurchases are expected to approximate third-quarter levels.
Management Commentary
Bill Demchak, PNC Chairman and Chief Executive Officer
“Our strategy continues to drive growth across our businesses, as we deepen our presence in key markets and expand our reach nationally. During the third quarter, we continued to build on the strong momentum we delivered in the first half of the year, and we generated an 18.3% return on average tangible common equity. We are well positioned, and remain confident in our long-term outlook.”