PNC Q3 2026 earnings: net income $2.1 billion, EPS $4.97 or $5.09 adjusted as NII and loans grow

PNC Financial Services reported third-quarter net income of $2.1 billion and diluted earnings of $4.97 a share, or $5.09 as adjusted, the Pittsburgh bank said Thursday.

Net interest income was $4.21 billion, up from $4.11 billion in the second quarter and $3.65 billion a year earlier. Adjusted diluted EPS rose $0.24 from the prior quarter, excluding integration costs and significant items. The efficiency ratio improved to 57%, and return on tangible common equity was 18.3%.

Shares were down about 0.9% near $215.80 in Thursday morning trading.

Average loans increased $9.0 billion, or 2%, from the second quarter, reflecting new production and higher utilization; the bank also transferred a $1.4 billion student loan portfolio to held-for-sale. Average deposits rose 1%, while spot deposits increased 4%. Net interest margin was 2.94%.

Fee income fell 6% linked quarter after elevated second-quarter capital markets activity. Noninterest expense declined 8%, or 3% as adjusted. Net loan charge-offs were $257 million, including $35 million related to the student loan transfer. The CET1 capital ratio was 9.8%.

By the numbers

• Net income: $2.1 billion
• Diluted EPS: $4.97; adjusted: $5.09
• Net interest income: $4.21 billion; NIM: 2.94%
• Efficiency ratio: 57%
• Average loans: +$9.0 billion (+2%) linked quarter
• CET1 ratio: 9.8%

Sources

1. The PNC Financial Services Group, Inc., Form 8-K (Item 2.02), Exhibit 99.1 financial highlights, filed Oct. 15, 2026, accession 0001628280-26-065936

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