PNC Financial Services Group, Inc. (The)
PNC · NYSE
Next quarter
Expected to report Oct 14, 2026 — estimated from last year’s reporting date.
Consensus is $4.98 EPS for Sep 2026 across 7 estimates, ranging $4.82 to $5.10.
PNC Jun 2026
- 7.54%
- +0.41%
- $4.51
- $4.85
- —
- $6.88B
Reported results
- $6.88B
- $2.04B
- $4.81
Highlights
- Total revenue was $6.875 billion, compared with $6.165 billion in the first quarter of 2026 and $5.661 billion in the second quarter of 2025; the filing does not state a revenue growth rate.
- Net income was $2.055 billion, or $4.81 diluted earnings per share, versus $1.772 billion and $4.13, respectively, in the first quarter of 2026.
- Net interest income was $4.107 billion and noninterest income was $2.768 billion; net interest margin was 2.96%, noninterest income was 40% of revenue, and efficiency was 60%.
- Noninterest expense was $4.098 billion and provision for credit losses was $191 million, compared with $3.768 billion and $210 million, respectively, in the first quarter of 2026.
- PNC converted approximately 780,000 FirstBank customers, more than 1,620 employees, and 95 branches in Colorado and Arizona during June; the second quarter included the full-quarter benefit of FirstBank.
- The supplied material references Retail Banking, Corporate and Institutional Banking, and Asset Management Group, but provides no segment figures, guidance ranges, or capex amount.
Analysis
No consensus figures were available, so the quarter cannot be assessed against analyst expectations. PNC reported $6.875 billion of revenue and $2.055 billion of net income, up from $6.165 billion and $1.772 billion in the first quarter and $5.661 billion and $1.643 billion in the second quarter of 2025. Net interest income increased to $4.107 billion, while noninterest income reached $2.768 billion, lifting noninterest income to 40% of revenue from 36% in the prior quarter. Net interest margin improved modestly to 2.96% from 2.95% in the first quarter and 2.80% a year earlier. Provision for credit losses declined to $191 million from $210 million sequentially and $254 million a year earlier. Noninterest expense rose to $4.098 billion from $3.768 billion sequentially and $3.383 billion a year earlier, leaving efficiency at 60%, unchanged from a year earlier.
Guidance
No forward guidance was given in the supplied material. The filing provides no quarterly or annual ranges for revenue, net interest income, noninterest income, expenses, earnings, net interest margin, credit costs, capital, or capex, and it does not compare a current guide with a prior guide. Management's outlook assumptions and caveats therefore cannot be evaluated from this excerpt. The only period-ahead context is that second-quarter results include the full-quarter benefit of FirstBank, following its January 5 acquisition and the June conversion of customers, employees, and branches.
What drove it
- Net Interest Income — Net interest income was $4.107 billion, compared with $3.961 billion in the first quarter of 2026 and $3.555 billion in the second quarter of 2025.
- Fee Income — Noninterest income was $2.768 billion, up from $2.204 billion in the first quarter of 2026 and $2.106 billion in the second quarter of 2025.
- FirstBank Conversion — PNC converted approximately 780,000 customers, more than 1,620 employees, and 95 branches in Colorado and Arizona during June.
- Credit Provision — Provision for credit losses was $191 million, compared with $210 million in the first quarter of 2026 and $254 million in the second quarter of 2025.
Watch items
- Noninterest expense rose to $4.098 billion from $3.383 billion a year earlier, while six-month noninterest expense reached $7.866 billion versus $6.770 billion in the prior-year period.
- The FirstBank integration involved approximately 780,000 customers, more than 1,620 employees, and 95 branches converted during June, creating a large execution and comparability consideration for subsequent periods.
- The supplied material provides no forward guidance ranges for revenue, expenses, earnings, credit costs, or capex, leaving limited disclosed visibility into the periods ahead.
