Sep 2026 (Q3 FY26) — Oct 15, 2026
PNC Q3 FY26 — Strong Loan Growth and Client Momentum Drive Earnings Beat
Read the full callPNC (PNC) earnings
- Jun 2026
- Sep 2026 (Q3 FY26)
- Dec 2025
PNC earnings: last reported Thu, 15 Oct 2026, for the quarter ended Sep 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 6,875 | +21.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 2,040 | +25.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
60 of 66 judged targets kept · 28 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Average loans | up 2% to 3% vs Q1 2026 | Mar 2026 | loans at $363 billion grew $12 billion or 4% | Achieved |
| Noninterest expense | up approximately 2% vs Q1 2026, excluding integration expenses | Mar 2026 | Excluding the impact of integration costs and significant items, noninterest expense increased $166 million or 5% linked-quarter | Missed |
| Average loans | up approximately 8% vs 2025 (combined company including FirstBank) | Dec 2025 | We expect full year average loan growth of approximately 12.5% | Revised Up |
6 of PNC FINANCIAL SERVICES GROUP, INC.'s 94 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 91 more targets are in the full ledger.
Claimed
- Generated $2.1 billion of net income or $5.09 per diluted share as adjusted.
- Delivered a return on tangible common equity of more than 18%.
- Average loans grew $9 billion or 2% QoQ to $372 billion, with $30 billion of organic growth year-to-date.
- Added 215,000 net new checking accounts year-to-date, with 6% growth in Southwest markets.
- Capital markets fees are up 40% year-to-date, reflecting strong client activity.
Qualified
- Tangible book value was down 3% linked quarter to $108 per common share, entirely driven by the decline in AOCI.
- Total noninterest income decreased $137 million or 6% QoQ.
- Net interest margin decreased 2 basis points to 2.94%, largely due to loan mix and increased funding costs.
- Nonperforming loans increased $167 million or 8% to $2.2 billion, driven by previously reserved CRE office loans and one large commercial credit.
Price
$216.21 −0.54% · −$1.18
Performance +650.5% 1Y
1Y: $28.81 on 17 Oct 2025 → $216.21. High $245.6 (4 Sept 2026), low $16.56 (30 Mar 2026).
- Previous close
- $217.39
- 52-week range
- $16.56 – $245.6
- One year
- +641.46%
Overview
- Symbol
- PNC
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
60 of 66 judged targets kept · 28 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Average loans | up 2% to 3% vs Q1 2026 | Mar 2026 | loans at $363 billion grew $12 billion or 4% | Achieved |
| Noninterest expense | up approximately 2% vs Q1 2026, excluding integration expenses | Mar 2026 | Excluding the impact of integration costs and significant items, noninterest expense increased $166 million or 5% linked-quarter | Missed |
| Average loans | up approximately 8% vs 2025 (combined company including FirstBank) | Dec 2025 | We expect full year average loan growth of approximately 12.5% | Revised Up |
Claimed
- Generated $2.1 billion of net income or $5.09 per diluted share as adjusted.
- Delivered a return on tangible common equity of more than 18%.
- Average loans grew $9 billion or 2% QoQ to $372 billion, with $30 billion of organic growth year-to-date.
- Added 215,000 net new checking accounts year-to-date, with 6% growth in Southwest markets.
- Capital markets fees are up 40% year-to-date, reflecting strong client activity.
Qualified
- Tangible book value was down 3% linked quarter to $108 per common share, entirely driven by the decline in AOCI.
- Total noninterest income decreased $137 million or 6% QoQ.
- Net interest margin decreased 2 basis points to 2.94%, largely due to loan mix and increased funding costs.
- Nonperforming loans increased $167 million or 8% to $2.2 billion, driven by previously reserved CRE office loans and one large commercial credit.
The full ledger
Open PNC FINANCIAL SERVICES GROUP, INC.’s full ledger
A free account opens 5 company ledgers a month. All 94 tracked commitments, with each call’s wording and source.
Call summaries
Jun 2026 (Q2 FY26) — Jul 15, 2026
PNC Q2 FY26 — Strong Loan Growth and Fee Income Drive Impressive Results
Read the full callMar 2025 (Q1 FY25) — Apr 15, 2025
The PNC Financial Services Group, Inc. Q1 FY25 — Strong Performance with Positive Operating Leverage and Record NII Outlook
Read the full callNews
Latest news
From the news desk, item by item, hours after each call.
Every analysed call
PNC earnings calls (PNC)
Financials
What the filings say
Net profit, year on year: +25% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 5,432 | 5,567 | 5,452 | 5,661 | 5,915 | 6,071 | 6,165 | 6,875 |
| Profit before tax | 1,862 | 1,905 | 1,846 | 2,024 | 2,287 | 2,329 | 2,187 | 2,586 |
| Tax rate | 19.2% | 14.6% | 18.8% | 18.8% | 20.3% | 12.7% | 19.0% | 20.5% |
| Net profit | — | — | — | 1,627 | — | — | — | 2,040 |
| EPS ($ per share) | 3.50 | — | 3.52 | 3.86 | 4.36 | — | 4.13 | 4.82 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2,711 | 2,712 | 2,713 | 2,713 | 2,714 | 2,716 | 2,717 | 2,717 |
| Reserves | 38,919 | 42,215 | 46,848 | 50,228 | 53,572 | 56,290 | 59,282 | 63,266 |
| Total liabilities | 334,545 | 360,952 | 412,638 | 501,465 | 511,451 | 510,439 | 505,569 | 512,936 |
| Fixed assets | 5,727 | 7,728 | 7,687 | 8,593 | 8,754 | 8,517 | 8,672 | 8,935 |
| Total assets | 382,315 | 410,295 | 466,679 | 557,191 | 557,263 | 561,580 | 560,038 | 573,572 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 7,840 | 7,363 | 4,659 | 7,214 | 9,083 | 10,111 | 7,880 | 4,384 |
| Cash from investing | -3,969 | -24,990 | -51,122 | -2,795 | -60,358 | 10,105 | -3,232 | -15,617 |
| Cash from financing | -3,512 | 17,080 | 48,419 | -3,432 | 3,384 | -3,854 | -9,122 | 4,695 |
| Net cash flow | 359 | -547 | 1,956 | 987 | -47,891 | 16,362 | -4,474 | -6,538 |
PNC revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Retail Banking | — | — | 65% | 66% | 64% | 62% | 64% | 66% | +20.2% |
| Corporate Institutional Banking | — | 49% | 48% | 48% | 49% | 50% | 48% | 47% | +21.0% |
| Asset Management Group | — | 7% | 8% | 7% | 7% | 7% | 7% | 7% | +9.2% |
| Other Activities | — | — | — | — | — | — | — | -20% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
PNC operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Jun 2026 Q2 FY26 | 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.
Insider filings
109 filings between Oct 24, 2025 and Aug 13, 2026.
Open market
decisions to buy or sellPurchases
$4.0K
1 purchase by 1 insider
Sales
$27.42M
16 sales by 9 insiders
Compensation
not trading decisions- 38
- Award — granted as compensation
- 49
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 gifts, 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| DEMCHAK WILLIAM S | — | $11.54M | Feb 20, 2026 |
| Feldstein Andrew T | — | $9.93M | May 26, 2026 |
| Bynum Richard Kevin | — | $1.71M | Feb 17, 2026 |
| Cestello Louis Robert | — | $1.00M | Feb 18, 2026 |
| Overstrom Alexander E. C. | — | $926.7K | Jun 8, 2026 |
| Juchno Stacy M. | — | $858.1K | Aug 13, 2026 |
| Thomas Michael Duane | — | $540.8K | Jun 12, 2026 |
| Deborah Guild | — | $504.6K | Jul 22, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 13, 2026 | Juchno Stacy M. Executive Vice President | Sale | 3,354 | $858.1K |
| Jul 22, 2026 | Deborah Guild Executive Vice President | Sale | 1,200 | $302.6K |
| Jul 22, 2026 | Deborah Guild Executive Vice President | Gift | 72 | $0 |
| Jun 12, 2026 | Thomas Michael Duane Executive Vice President | Sale | 1,500 | $357.2K |
| Jun 8, 2026 | Overstrom Alexander E. C. Executive Vice President | Sale | 1,500 | $342.0K |
| Jun 5, 2026 | Novosel Stephanie Executive Vice President | Sale | 1,800 | $411.7K |
| May 26, 2026 | Feldstein Andrew T Director | Sale | 4,000 | $882.3K |
| May 26, 2026 | Feldstein Andrew T Director | Sale | 23,000 | $5.07M |
| May 26, 2026 | Feldstein Andrew T Director | Sale | 18,000 | $3.97M |
| Apr 17, 2026 | Wiedman Mark President | Tax withheld | 2,071 | $465.6K |
| Apr 17, 2026 | Wiedman Mark President | Award | 4,551 | $0 |
| Mar 9, 2026 | Medler Linda R Director | Purchase | 20 | $4.0K |
| Feb 23, 2026 | Deborah Guild Executive Vice President | Tax withheld | 1,376 | $303.8K |
| Feb 23, 2026 | Deborah Guild Executive Vice President | Award | 3,162 | $0 |
| Feb 20, 2026 | DEMCHAK WILLIAM S CEO | Tax withheld | 5,125 | $1.19M |
| Feb 20, 2026 | DEMCHAK WILLIAM S CEO | Award | 11,897 | $0 |
| Feb 20, 2026 | DEMCHAK WILLIAM S CEO | Sale | 50,000 | $11.54M |
| Feb 18, 2026 | Juchno Stacy M. Executive Vice President | Gift | 867 | $0 |
| Feb 18, 2026 | Cestello Louis Robert Executive Vice President | Sale | 4,279 | $1.00M |
| Feb 18, 2026 | Overstrom Alexander E. C. Executive Vice President | Sale | 2,500 | $584.8K |
| Feb 17, 2026 | Bynum Richard Kevin Executive Vice President | Sale | 6,407 | $1.48M |
| Feb 17, 2026 | Bynum Richard Kevin Executive Vice President | Sale | 1,000 | $231.2K |
| Feb 16, 2026 | Overstrom Alexander E. C. Executive Vice President | Tax withheld | 819 | $187.8K |
| Feb 16, 2026 | Cestello Louis Robert Executive Vice President | Tax withheld | 352 | $80.7K |
| Feb 16, 2026 | Overstrom Alexander E. C. Executive Vice President | Award | 1,146 | $0 |
| Feb 16, 2026 | Kozich Gregory H Controller | Tax withheld | 187 | $42.9K |
| Feb 16, 2026 | Kozich Gregory H Controller | Award | 716 | $0 |
| Feb 16, 2026 | Reilly Robert Q Executive Vice President | Tax withheld | 929 | $213.0K |
| Feb 16, 2026 | Kozich Gregory H Controller | Tax withheld | 205 | $47.0K |
| Feb 16, 2026 | Overstrom Alexander E. C. Executive Vice President | Award | 1,881 | $0 |
| Feb 16, 2026 | DEMCHAK WILLIAM S CEO | Award | 10,740 | $0 |
| Feb 16, 2026 | DEMCHAK WILLIAM S CEO | Tax withheld | 4,626 | $1.06M |
| Feb 16, 2026 | Overstrom Alexander E. C. Executive Vice President | Tax withheld | 499 | $114.4K |
| Feb 16, 2026 | Novosel Stephanie Executive Vice President | Tax withheld | 278 | $63.8K |
| Feb 16, 2026 | Deborah Guild Executive Vice President | Tax withheld | 649 | $148.8K |
| Feb 16, 2026 | Reilly Robert Q Executive Vice President | Award | 2,587 | $0 |
| Feb 16, 2026 | Thomas Michael Duane Executive Vice President | Tax withheld | 341 | $78.2K |
| Feb 16, 2026 | Cestello Louis Robert Executive Vice President | Tax withheld | 306 | $70.2K |
| Feb 16, 2026 | Deborah Guild Executive Vice President | Award | 1,580 | $0 |
| Feb 16, 2026 | Reilly Robert Q Executive Vice President | Tax withheld | 1,037 | $237.8K |
| Feb 16, 2026 | Schab Amanda Rosseter Executive Vice President | Tax withheld | 183 | $42.0K |
| Feb 16, 2026 | Thomas Michael Duane Executive Vice President | Tax withheld | 231 | $53.0K |
| Feb 16, 2026 | Schab Amanda Rosseter Executive Vice President | Tax withheld | 216 | $49.5K |
| Feb 16, 2026 | Kozich Gregory H Controller | Award | 784 | $0 |
| Feb 16, 2026 | Juchno Stacy M. Executive Vice President | Award | 677 | $0 |
| Feb 16, 2026 | Novosel Stephanie Executive Vice President | Tax withheld | 234 | $53.7K |
| Feb 16, 2026 | Deborah Guild Executive Vice President | Award | 1,792 | $0 |
| Feb 16, 2026 | Juchno Stacy M. Executive Vice President | Tax withheld | 159 | $36.5K |
| Feb 16, 2026 | Juchno Stacy M. Executive Vice President | Award | 556 | $0 |
| Feb 16, 2026 | Juchno Stacy M. Executive Vice President | Tax withheld | 264 | $60.5K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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