PNC Reports Third Quarter 2026 Net Income of $2.1 Billion, $4.97 Diluted EPS or $5.09 as Adjusted
PR Newswire•15/10/2026•06:32 ET
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Key Highlights
- ➤PNC net income $2.1 billion; adjusted diluted EPS $5.09, up $0.24
- ➤Net interest income $4.2 billion, increasing 2% sequentially
- ➤Average loans rose $9.0 billion, or 2%, driven by commercial growth
- ➤Noninterest expense declined 8%; efficiency ratio improved to 57%
- ➤PNC returned $1.4 billion to shareholders through dividends and repurchases
Expert Statements
Bill Demchak, Chairman and Chief Executive Officer of PNC
“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.”
PNC Reports Third Quarter 2026 Net Income of $2.1 Billion, $4.97 Diluted EPS or $5.09 as Adjusted PR Newswire
Grew average loans and deposits; increased NII and reduced expenses; 57% efficiency ratio
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