PNC Financial Services Group, Inc.

Company facts

Industry

National Commercial Banks

Headquarters

Pittsburgh, Pennsylvania

Most recent report

10-Q, filed Aug 5, 2026

Incorporated

Pennsylvania

Filings on record

1,000+ filings

On EDGAR

CIK 713676

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 10 sections worth reading, with 6 positive, 11 notable, and 0 negative flags.

• Item 2 MD&A with detailed quarterly results, FirstBank acquisition impact, one-time items, and guidance.
  Positive

  • Net income $2.1B (Q2 2026) up 16% QoQ; H1 2026 $3.8B up 22% YoY.
  • Total revenue $6.9B Q2 2026 up 12% QoQ; H1 2026 $13.0B up 17% YoY.
  • NII $4.1B Q2 2026 up 4% QoQ; H1 2026 $8.1B up 15% YoY, aided by loan growth and FirstBank.
  • NIM 2.96% Q2 2026, up 1bp QoQ and 17bp YoY, helped by fixed-rate asset repricing.
  • Provision $191M Q2 2026 vs $210M Q1 2026; H1 $401M vs $473M H1 2025, reflecting portfolio activity.
  • Nonperforming assets fell 9% to $2.15B, with ALLL coverage improving to 230% of NPLs.
  Notable

  • FirstBank acquisition closed Jan 2026 for $4.2B in cash/stock, adding 95 branches and 780k customers.
  • Noninterest income $2.8B Q2 2026 up 26% QoQ; H1 $5.0B up 22% YoY, boosted by $448M Visa gain.
  • Noninterest expense $4.1B Q2 2026 up 9% QoQ; H1 $7.9B up 16% YoY, includes $121M integration costs and $140M Foundation contribution.
  • Borrowed funds surged 50% to $85.7B, mainly from FHLB advances, funding balance sheet growth.
  • Quarterly dividend raised 18% to $2.00 per share, payable Aug 5, 2026.
  • CET1 ratio fell to 9.9% from 10.6% at Dec 2025, reflecting FirstBank acquisition and share repurchases, still well-capitalized.
  • Q3 2026 guidance: loans +1-2%, NII +3-3.5%, fee income -5-5.5%, expense -7-8% (excluding integration).
• Item 1 Full financial statements with major acquisition, strong revenue growth, and capital actions.
  Notable

  • Securities loss of $139M from sale of $4.1B available-for-sale securities in Q2 2026.
  • Issued $1.0B 5.463% and $1.0B 4.831% senior notes in July 2026; redeemed $1.0B 5.102% notes.
• Unregistered Sales and Repurchases (Item 2) Specific repurchase numbers and forward guidance; pace slowed from Q1.
  Notable

  • Remaining authorization fell to 29% of 100 million shares at June 30 from 32% at March 31.
  • Q3 2026 repurchases expected to approximate Q2 levels, previously expected $600-$700M for Q2.

What changed: Jun 2026 vs. Mar 2026

About 9% of PNC's Jun 2026 10-Q is new information. 90 paragraphs were added, 412 changed, and 96 removed.

• Item 2 236
• Item 1 176
• Item 4 5
• Item 6 3
• Item 3 2
• Item 5 1