AI-extracted from the 10-Q filed 2026-08-05 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Total revenue of $6.9B rose 12% versus Q1 2026 on a $448M Visa exchange gain and record capital markets fees, lifting net income to $2.1B, or $4.81 per diluted share.
Biggest Revenue Drivers
Net interest income$4,107M+4% QoQ
Included the benefit of commercial loan growth and higher noninterest-bearing deposit balances
Noninterest income$2,768M+26% QoQ
Reflecting higher capital markets and advisory revenue plus second quarter significant items
Biggest Revenue Drivers
Total revenue: $6.9B+12% QoQ
Net interest income$4,107M+4% QoQ
Included the benefit of commercial loan growth and higher noninterest-bearing deposit balances
Noninterest income$2,768M+26% QoQ
Reflecting higher capital markets and advisory revenue plus second quarter significant items
Within Noninterest income
Other income$489M+291% QoQ
$448M Visa exchange gain offset by a $139M securities loss on AFS portfolio repositioning
Card and cash management$772M+5% QoQ
Seasonally higher consumer transaction volumes and growth in treasury management product revenue
Capital markets and advisory$577M+25% QoQ
Growth across capital markets businesses, including strong merger and acquisition advisory activity
Largest Expense Items
Personnel$2,273M+8% QoQ
Higher personnel costs as a result of increased business activity
Other$1,028M+14% QoQ
Included FirstBank integration expenses of $121 million and a $140 million pre-tax PNC Foundation contribution
Equipment$435M+5% QoQ
Technology investments supporting business growth
Provision for credit losses$191M-$19M QoQ
Reflected portfolio activity as well as updates to macroeconomic factors
Margins: Net interest margin rose 1 basis point to 2.96% from Q1 2026, aided by commercial loan growth and higher noninterest-bearing deposits. Efficiency ratio improved to 60% from 61%.
Watch Items from the Filing
CET1 ratio fell to 9.9% at June 30, 2026 from 10.6% at December 31, 2025 as loans grew 11% and borrowed funds rose 50% to $85.7B.
Office portfolio loans of $5.1 billion, 1.4% of total loans, carry 29.4% criticized and 8.1% nonperforming, with reserves of 8.8%.
Q3 2026 guidance calls for fee income down 5% to 5.5% and noninterest expense down 7% to 8% versus Q2.
Uninsured deposits were approximately 45% of the total deposit base at June 30, 2026; brokered deposits fell to $2.1B from $5.1B.
FirstBank integration remains ongoing: $218M of the expected ~$325M merger costs booked in the first half, with ~$50M more expected in Q3 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
25 transactions in PNC reported by 15 members of Congress under the STOCK Act, most recent trade Mar 12, 2026. Reported transactions, not recommendations.
About PNC FINANCIAL SERVICES GROUP, INC. (PNC): stock profile, AI score and financials
PNC FINANCIAL SERVICES GROUP, INC. (PNC) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores PNC at 73.9/100 on a composite quality score built from its SEC filings, placing it at rank #117 of 2,925 stocks — the top 5% of the AI-ranked universe. PNC scores in the top quartile across revenue scale (93.7), profitability (90.6), free cash flow (84.3). Areas of concern include earnings quality (29.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), PNC FINANCIAL SERVICES GROUP, INC. reports quarterly revenue of $6.9B, net income of $2.0B, an operating margin of 37.6%. Top institutional holders of PNC by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. PNC trades on the NYSE exchange and files with the SEC under CIK 713676. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PNC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PNC FINANCIAL SERVICES GROUP, INC. directly from SEC EDGAR.