PNC reported a strong Q2 2026 with broad-based loan and fee growth, raised full-year guidance, and completed the First Bank integration. Management highlighted a healthy economy, share gains, and a resilient deposit franchise. Net income of $2.1B ($4.81 EPS) with adjusted EPS $4.85; total revenue up 12% QoQ.
PNC reported a strong Q2 2026 with broad-based loan and fee growth, raised full-year guidance, and completed the First Bank integration. Management highlighted a healthy economy, share gains, and a resilient deposit franchise. Net income of $2.1B ($4.81 EPS) with adjusted EPS $4.85; total revenue up 12% QoQ.
PNC reported a strong Q2 2026 with broad-based loan and fee growth, raised full-year guidance, and completed the First Bank integration. Management highlighted a healthy economy, share gains, and a resilient deposit franchise.
Guidance · revenue to 13%
Guidance · revenue to 13%
Commercial loan growth broad-based across C&I categories; utilization rising.
Fee income up 10% linked quarter and 20% year-over-year. Management expressed strong confidence driven by impressive second-quarter results, broad-based revenue growth, positive operating leverage, and a constructive outlook, with no notable shift in confidence from prior calls.
Management expressed strong confidence driven by impressive second-quarter results, broad-based revenue growth, positive operating leverage, and a constructive outlook, with no notable shift in confidence from prior calls.
| 지표 | 기간 | 범위 | 중간값 | 상태 |
|---|---|---|---|---|
| Op margin | FY2026 | 8.5% | 8.5% | MAINTAINED |
| Op marginADJUSTED_NON_INTEREST_EX | FY2026 Q3 | -3%–-2% | -2.5% | INITIATED |
| RevenueNET_INTEREST_INCOME | FY2026 | 15%–15.5% | 15.25% | MAINTAINED |
| RevenueNON_INTEREST_INCOME | FY2026 | 9% | 9% | MAINTAINED |
| RevenueFEE_INCOME | FY2026 Q3 | -5.5%–-5% | -5.25% | INITIATED |
| RevenueNET_INTEREST_INCOME | FY2026 Q3 | 3%–3.5% | 3.25% | INITIATED |
| Revenue | FY2026 | 13% | 13% | MAINTAINED |
| UnitsLOANS | FY2026 Q3 | 1%–2% | 1.5% | INITIATED |
| UnitsLOANS | FY2026 | 12.5% | 12.5% | MAINTAINED |
| UnitsNET_CHARGE_OFFS | FY2026 Q3 | 225 | 225 | INITIATED |
PNC realized a gain from selling Visa shares and recorded a derivative adjustment on remaining shares, indicating ongoing exposure to Visa's litigation reserve.
“We participated in the Visa Exchange Program and monetized half of our Visa Class B2 shares, resulting in a $448 million pretax gain.”
… and represented 23% of total deposits. Turning to the income statement, as Bill mentioned, I want to provide a bit more detail regarding the integration costs and significant items in the quarter. When combined, these items had a minimal impact on our net income and earnings per share. First, we incurred $127 million of integration costs related to the first bank acquisition. Beyond these integration costs, we had several significant items. We participated in the Visa Exchange Program and monetized half of our Visa Class B2 shares, resulting in a $448 million pretax gain. We also recorded a negative $85 million Visa Derivative Fair Value Adjustment associated with our remaining Visa Class B3 shares, primarily related to the extension of anticipated litigation resolution. In addition, we repositioned a portion of our securities portfolio through the sale of approximately $4 billion of available-for-sale securities, resulting in a $139 million loss. We reinvested the proceeds into securities with yields approximately 120 basis points higher than the securities sold. Finally, we contributed $140 million to the PNC Foundation, which supports our communities and early childhood …