Skip to content
AnalystLens

PNC FINANCIAL SERVICES GROUP, INC. 8-K Report, Regulation FD Disclosure (Oct 15, 2026)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed October 15, 2026
Period End
October 15, 2026
Security
PNC
In the record · 2016–202610-K1110-Q328-K210

PNC filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 210 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Apr ’19Apr ’19
  2. Deal closed8-K · Jun ’21Jun ’21
  3. Leadership change8-K · Apr ’25Apr ’25

01—Abstract

Summary

Summary of the 8-K filed October 15, 2026. Cited figures are marked; the original filing is the authoritative source.

PNC Financial Services Group reported third-quarter 2026 results on October 15, 2026, as presented in the earnings slides furnished under Item 7.01 (Exhibit 99.1).

GAAP diluted EPS was $4.97a and adjusted diluted EPS was $5.09 (non-GAAP), on net income of $2.1 billion. Results were driven by growth in average loans, which rose $9.0 billion (2%) linked quarter and 14% year over year, and deposits, which grew 1% linked quarter. Net interest income increased 2% linked quarter to $4.2 billion, while noninterest income fell 15% linked quarter to $2.4 billion, largely because of prior-quarter Visa share exchange gains.

Expense discipline produced positive operating leverage, with pretax, pre-provision earnings (non-GAAP) up 1%b linked quarter and 15% year over year. Credit quality remained solid, with the NPL ratio at 0.58% and net charge-offs at 0.28% of average loans, up from 0.25% in the prior quarter. The allowance for credit losses fell to 1.42% of total loans.

Capital remained strong, with an estimated CET1 ratio of 9.8%, and PNC returned $1.4 billionc to shareholders, including $0.6 billion of buybacks. Full-year 2026 guidance was raised for average loans (to up about 13.5%), net interest income (up about 15.5%) and noninterest income (up about 10.5%), while the fourth-quarter outlook calls for a net interest margin of 3.0% or higher.

The filing itself is a short Regulation FD disclosure that furnishes the slide deck, so the substance lies in the exhibit. Investors should note that the slides are non-GAAP heavy, that the 2026 expense guidance excludes roughly $300 milliond of merger and integration costs, and that the tangible book value per share declined 3% linked quarter because of higher AOCI losses.

02—Key points

Key Highlights

  1. GAAP diluted EPS of $4.97 and adjusted diluted EPS of $5.09 (non-GAAP) for 3Q26, on net income of $2.1 billion; 2026 year-to-date adjusted EPS of $14.26, up 22% year over year.
  2. Average loans grew $9.0 billion (2%) linked quarter and 14% year over year to $372.2 billion, with C&I and CRE up 19% year over year; spot loans rose $47 billion year to date, including acquired FirstBank balances.
  3. Net interest income rose 2% linked quarter to $4.2 billion; net interest margin was 2.94% (reported), and management expects NIM of 3.0% or above in 4Q26.
  4. Noninterest income fell 15% linked quarter to $2.4 billion, reflecting the absence of 2Q26 Visa share exchange gains; fee income (non-GAAP) declined 6% linked quarter but rose 4% year over year.
  5. Noninterest expense fell 8% linked quarter to $3.75 billion; adjusted expense was $3.72 billion, and the efficiency ratio improved to 57% from 60%.
  6. Credit quality was mixed: NPLs improved to 0.58% of loans and delinquencies fell to 0.34%, but net charge-offs rose to 0.28% of average loans from 0.25%.
  7. CET1 ratio was an estimated 9.8%, and PNC returned $1.4 billion to shareholders in the quarter, including $0.8 billion in dividends and $0.6 billion in share repurchases.

03—Questions

Frequently Asked Questions

  1. How did PNC perform in the third quarter of 2026?

    PNC reported GAAP diluted EPS of $4.97 and adjusted diluted EPS of $5.09 (non-GAAP), with net income of $2.1 billion. Pretax, pre-provision earnings (non-GAAP) rose 1% linked quarter and 15% year over year, and the ROTCE (non-GAAP) was 18.3%.

  2. What drove the growth in PNC's balance sheet?

    Average loans grew to $372.2 billion, up $9.0 billion linked quarter and 14% year over year, led by commercial and industrial and commercial real estate lending. Average deposits rose 1% linked quarter to $461.2 billion, and investment securities grew 3% linked quarter.

  3. Why did noninterest income decline from the prior quarter?

    Noninterest income fell 15% linked quarter to $2.36 billion because second-quarter results included about $448 million of Visa share exchange gains and other significant items. Fee income (non-GAAP) fell 6% linked quarter, mainly due to lower capital markets and advisory revenue.

  4. What is the outlook for PNC for the remainder of 2026?

    For full-year 2026, PNC raised its guidance for average loans to up about 13.5%, net interest income to up about 15.5%, and noninterest income to up about 10.5%. For 4Q26 it expects average loans up about 2.5%, net interest income up about 4%, and a net interest margin of 3.0% or higher. Guidance excludes potential legal and regulatory contingencies and non-recurring merger and integration costs of roughly $300 million for the year.

  5. How is PNC's credit quality and capital position?

    Credit quality remained solid, with NPLs at 0.58% of total loans and delinquencies at 0.34%, though net charge-offs rose to 0.28% of average loans from 0.25%. The estimated CET1 ratio was 9.8%, and tangible book value per share fell 3% linked quarter to $107.64, reflecting higher AOCI losses.

04—Continue

← View all 8-K filings