Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
PNC’s second quarter 2026 performance was highlighted by the completed integration of its FirstBank acquisition, which contributed to a 12% sequential revenue jump and a 16% increase in net income. The quarter included a $448 million gain from the Visa exchange program and a $139 million loss from securities portfolio repositioning, alongside a $140 million charitable contribution expense. Net interest income rose 4% on strong commercial loan growth, while noninterest income surged 26% reflecting the Visa gain and higher capital markets fees. Noninterest expense grew 9% due to $121 million in FirstBank integration costs and the foundation contribution, partially offset by stable credit costs. Looking ahead, management guided for third-quarter loan growth of 1-2% and net interest income up 3-3.5%, though fee income is expected to decline 5-5.5% from the elevated second-quarter level.
Revenue
$6.88B
+21.44% YoY
EPS (Diluted)
$4.81
+24.94% YoY
Source: SEC XBRL
Pnc Financial Services Group (PNC) reported Q2 FY2026 revenue of $6.88B, up 21.4% year over year. PNC's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 4.81 | 4.46 | Beat +7.9% |
| Mar 2026 | 4.13 | 4.10 | Beat +0.8% |
| Dec 2025 | 4.88 | 4.26 | Beat +14.6% |
| Sep 2025 | 4.35 | 4.09 | Beat +6.4% |
Reported EPS of $4.81 versus the $4.46 analyst consensus — a +7.9% beat for Jun 2026.
4 reported segments · SEC XBRL
Segment revenue totals $6.88B, which is the $6.88B of consolidated revenue on the income statement. The profit column adds up to the consolidated figure as well.
Profit above is reported as net income, the measure PNC itself discloses in this filing. Each company chooses its own measure here, so these margins are not comparable with another company's.
Compiled by AI from 10-Q Item 2 of this filing
In June 2026, PNC converted approximately 780,000 customers, more than 1,620 employees, and 95 branches across Colorado and Arizona, merging FirstBank into PNC Bank. The second quarter included the full benefit of FirstBank operations.
Source: 10-Q Item 2 MD&A
Second quarter 2026 noninterest income included a $448 million gain from PNC’s participation in the Visa exchange program, a $139 million loss from repositioning the available-for-sale securities portfolio, and Visa derivative adjustments of negative $85 million.
Source: 10-Q Item 2 MD&A
Net interest margin (NIM) increased 1 basis point sequentially to 2.96% and was up 17 basis points year-over-year for the first half of 2026, benefiting from fixed-rate asset repricing and lower funding costs.
Source: 10-Q Item 2 MD&A
Noninterest expense rose 9% from the prior quarter, including $121 million in FirstBank integration costs and a $140 million pre-tax contribution to the PNC Foundation. Excluding these items, expense growth was more modest.
Source: 10-Q Item 2 MD&A
For full year 2026, PNC expects average loans to increase approximately 12.5%, net interest income to grow 15-15.5%, and noninterest expense to rise about 11.5% (excluding integration costs, up ~8.5%). The effective tax rate is expected to be about 19.5%.
Source: 10-Q Item 2 MD&A
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
Total liabilities to equity ratio stood at 8.62 at June 30, 2026, and borrowed funds increased 50% from year-end to $85.7 billion, driven by higher FHLB advances. Heavy reliance on short-term wholesale funding could strain liquidity in a market disruption.
Source: 10-Q Balance Sheet (XBRL)
Commercial loans comprised $263.9 billion, or 72% of total loans, and grew 14% from year-end. A downturn in commercial real estate or corporate credit could lead to elevated charge-offs and provision expenses.
Source: 10-Q Balance Sheet (XBRL)
PNC’s net interest margin is sensitive to interest rate changes; the company expects rates to stay elevated, but if deposit costs rise faster than asset yields, margins could compress. The economic value of equity sensitivity analysis shows potential impact from rate shocks.
Source: 10-Q Item 2 MD&A
The acquisition of FirstBank added significant operations and assets; integration challenges, including system conversions and customer retention, could disrupt operations and lead to higher-than-expected costs or loss of revenue.
Source: 10-Q Item 2 MD&A
PNC holds $149.5 billion in investment securities, including mortgage-backed securities. The second quarter included a $139 million loss from a portfolio repositioning, indicating potential for mark-to-market losses if interest rates rise further.
Source: 10-Q Balance Sheet (XBRL)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 6.88 $B | 5.66 $B | +21.44% |
Net Income $B | 2.04 $B | 1.63 $B | +25.38% |
EPS (Basic) $ | 4.82 $ | 3.86 $ | +24.87% |
EPS (Diluted) $ | 4.81 $ | 3.85 $ | +24.94% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
PNC Financial Services delivered strong Q1 FY2026 results with revenue surging 13.1% year-over-year to $6.17B and diluted EPS jumping 17.7% to $4.13, while total assets grew 8.7% to $603B.
PNC Financial Services delivered strong FY2025 results with revenue rising 7.2% to $23.1B and EPS surging 20.6% to $16.60, though operating cash flow declined sharply by 44.4% amid a significant ramp-up in investing activities.
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