PNC PNC (PNC) Q3 FY26 earnings call
PNC delivered a strong Q3 FY26, exceeding expectations with robust organic loan growth and significant client momentum across all business segments, particularly in expansion markets. While net interest margin saw a slight compression due to loan mix and funding costs, the bank remains confident in its NII trajectory, supported by fixed-rate asset repricing and disciplined expense management. The company is also strategically focused on internal AI transformation over large-scale M&A.
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PNC operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Jun 2026 Q2 FY26 | This call Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| Common equity tier 1 ratio (CET1) | 10.5%We remain well capitalized with an estimated CET1 ratio of 10.5% as of December 31.Source: earnings call transcript | 10.6%We remain well capitalized with an estimated CET1 ratio of 10.6% as of March 31.Source: earnings call transcript | 9.9%And we remain well capitalized with an estimated CET1 ratio of 9.9%.Source: earnings call transcript | 9.8%We remain well capitalized with an estimated CET1 ratio of 9.8%.Source: earnings call transcript | -0.1 pt |
| Net interest margin | 2.75%Net interest income grew by $113 million or 3%, and our net interest margin was 2.75%, an increase of 11 basis points.Source: earnings call transcript | 2.78%And our net interest margin was 2.78%, an increase of 3 basis points.Source: earnings call transcript | 2.96%Our net interest margin was 2.96%, an increase of 1 basis point.Source: earnings call transcript | 2.94%Our net interest margin was 2.94% and decreased 2 basis points.Source: earnings call transcript | 0 pt |
| Return on tangible common equity (ROTCE) | — | — | 17.9%Our tangible book value was $111 per common share, up 2% linked-quarter and up 7% compared with the same period a year ago, and our return on tangible common equity at 17.9% in the second quarter.Source: earnings call transcript | 18%+And our return on tangible common equity was more than 18% in the third quarter.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.