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10:00
Jul 15 ◎

PNC FY2026 Q2 Watch

PNC Financial Services Group, Inc. (The) (PNC) FY2026 Q2 Earnings Call

PNC ▾

Bill Demchak

Management struck a confident tone, citing strong business momentum, broad-based growth, and raising full-year guidance on revenue and NII, with positive operating leverage.

"PNC delivered an impressive second quarter. We generated $2.1 billion of net income, or $4.81 per diluted share."

PNC WATCH

HIGH

10:00
Jul 15 ◎

PNC FY2027 Q2 Watch

PNC Financial Services Group, Inc. (The) (PNC) FY2027 Q2 Earnings Call

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Rob Reilly

Management raised full-year guidance across loans, NII, and fee income, citing strong organic growth, share gains, and a constructive economic outlook.

"We expect full-year average loan growth of approximately 12.5%. We expect full-year net interest income to be up 15 to 15.5%."

PNC WATCH

Rob Reilly

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."

V WATCH

HIGH

10:00
Apr 15 ◎

PNC FY2026 Q1 Watch

PNC Financial Services Group, Inc. (The) (PNC) FY2026 Q1 Earnings Call

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Bill Domchek

Management highlighted strong organic loan growth, net interest margin expansion, double-digit fee income growth, and constructive forward guidance, signaling confidence in sustained momentum despite macroeconomic uncertainty.

"we're off to a really strong start this year. We achieved a great deal this quarter, and we continue to build upon the strength of our franchise."

PNC WATCH

Rob Riley

Spreads on cash-flow lending to private credit have widened ~50 bps on new production due to the 'scare' in the asset class, even though PNC's own exposure is tiny. — Wider spreads improve risk-adjusted returns for banks and CLO investors, but signal tightening liquidity/greater caution among direct lenders, which could slow deal flow for private credit funds.

"CRE balances reached an inflection point and increased approximately $100 million, and we expect moderate growth through the remainder of the year."

BX WATCH

Rob Riley

Commercial real estate loan balances have finally inflected positive after quarters of decline, and PNC expects moderate growth through the rest of 2026. — The turn in CRE signals that the worst of office-related portfolio pressures may be passing for banks, potentially improving credit sentiment for CRE-heavy REITs and landlords.

"CRE balances reached an inflection point and increased approximately $100 million, and we expect moderate growth through the remainder of the year."

KRC WATCH BXP WATCH

Bill Domchek

"spreads have got 50 basis points, new production, just because of the kind of scare around what's going on."

ARES WATCH

HIGH

09:00
Jan 16 ◎

PNC FY2025 Q4 Watch

PNC Financial Services Group, Inc. (The) (PNC) FY2025 Q4 Earnings Call

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Bill Demchek

Shopify is mentioned as a potential new payment competitor that large banks could develop internally.

"they could choose to go build another Visa or MasterCard or Stripe or Shopify, right?"

SHOP WATCH

Rob Rulley

The $41 million negative Visa derivative adjustment in Q4 is directly tied to Visa's litigation escrow funding announcement, potentially foreshadowing a larger liability for Visa. — This signals that Visa may need to set aside significant escrow funds for litigation, which could pressure Visa's earnings and share price.

"The Visa derivative adjustment in the fourth quarter was negative $41 million, primarily related to Visa's December announcement of a litigation escrow funding."

V WATCH

Bill Demchek

PNC expects to reach a 3% NIM in the second half of 2026, above the current 2.84%, driven by securities portfolio repricing and deposit cost declines, indicating improving profitability for the banking sector. — A rising NIM signals stronger net interest income and margin expansion, which is a positive read-across for other banks with similar asset sensitivity.

"we're coming into your market. If you're not coming into our market to come fight us, we're coming to your market to come fight you. And we're going to get some percentage of your market as is JP and B of A."

JPM WATCH BAC WATCH

Bill Demchek

PNC acknowledges Mastercard as part of the competitive payment landscape that larger banks could replicate.

"they could choose to go build another Visa or MasterCard or Stripe or Shopify, right?"

MA WATCH

Bill Demchek

Stripe is cited as an example of a payment platform that competing tech giants could build from scratch.

"they could choose to go build another Visa or MasterCard or Stripe or Shopify, right?"

STRIPE WATCH

HIGH

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