EarningsQ2 2026 Earnings Report
MX:PNC Q2 2026 EPS Results
Actual EPS$85.04
Consensus EPS$78.90
Beat/MissBeat by +$6.13
One Year Ago EPS$68.06
MX:PNC Q2 2026 Revenue Results
Actual Revenue$167.85B
Expected Revenue$115.15B
Beat/MissBeat by +$52.69B
YoY Revenue Growth+13.81%
Earnings Announcement Details
QuarterQ2 2026
Date07/15/2026
TimeBefore Open
Conference CallWednesday, July 15, 2026
MX:PNC Upcoming Earnings
PNC Financial's next earnings date is estimated for October 15, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:PNC Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong quarter with substantial revenue and EPS growth, robust loan growth, broad-based fee income strength, solid credit metrics, and continued capital returns (dividend increase and buybacks). Management acknowledged modest integration and one-time items, some near-term fee and margin volatility, and a temporary increase in wholesale borrowings, but provided constructive full-year guidance (notably NII +15–15.5% and loan growth ~12.5%) and reiterated execution on strategic initiatives. Overall the positives materially outweigh the negatives.Company Guidance
Strong Profitability and EPS
Net income of $2.1 billion and diluted EPS of $4.81 for Q2 2026; adjusted diluted EPS of $4.85 after items that reduced EPS by $0.04.
Meaningful Revenue Growth
Total revenue of $6.9 billion, up $710 million or 12% linked quarter.
Net Interest Income Expansion
Net interest income of $4.1 billion, up $146 million (about 4% linked quarter); net interest margin 2.96% (up 1 basis point) and management reaffirms expectation to be above 3% by year-end.
Fee Income Outperformance
Fee income of $2.3 billion, up $200 million or 10% linked quarter and up ~20% year-over-year; growth broad-based across asset management, capital markets, card & cash management, lending and mortgage.
Loan Growth Momentum
Average loans of $363 billion, up $12 billion or 4% linked quarter; company expects full-year average loan growth of ~12.5%.
Deposit and Funding Mix Strength
Average deposits of $457 billion were stable quarter-to-quarter; average noninterest-bearing balances grew 4% linked quarter and represented 23% of total deposits, supporting funding and NII.
Capital Return and Capital Position
Returned $1.3 billion of capital in the quarter ($690 million common dividends, $610 million share repurchases); Board approved an 18% increase to quarterly common dividend to $2.00; estimated CET1 ~9.9% and tangible book value $111 (up 2% q/q, 7% y/y).
Improved Operating Efficiency and PPNR
Generated positive operating leverage of 3%; pre-provision net revenue (PPNR) grew 16% linked quarter; management tracking to a $350 million cost reduction target for 2026 via continuous improvement.
Credit Quality Remains Strong
Nonperforming loans $2.0 billion, down $216 million or 10% q/q (0.55% of total loans); delinquencies down $122 million to $1.4 billion (0.39%); net charge-offs $226 million (NCO ratio 25 bps); allowance for credit losses $5.5 billion (1.48% of loans).
Successful Strategic Execution
Completed FirstBank conversion, launched a new mobile banking platform, opened new branches in high-growth markets, and advanced technology/infrastructure (including data factory and early-access credentialing), supporting client acquisition and future growth.
MX:PNC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed