Citable filing context
PNC's research view summarizes recent SEC filing context, starting with other from Sep 29, 2026.
| Filed | Item | Context |
|---|---|---|
| Sep 29, 2026 | other | PNC announced the redemption of all $525 million of its Series S Preferred Stock on November 2, 2026. |
| Jul 21, 2026 | debt_offering | PNC completed a $2 billion public offering of senior notes due in 2030 and 2037. |
| Jul 15, 2026 | earnings | PNC reported second quarter 2026 net income of $2.1 billion and increased its quarterly dividend by 18%. |
| Jul 15, 2026 | Guidance: average_loans | 1.00 to 2.00 |
| Jul 15, 2026 | Guidance: average_loans | not reported to not reported |
| Jul 15, 2026 | Guidance: fee_income | -5.50 to -5.00 |
| Aug 5, 2026 | mda_quarterly | PNC reported strong second-quarter 2026 results, with net income of $2.1 billion, a 16% increase over the first quarter. This growth was driven by higher net interest income and noninterest income, bolstered by the full-quarter impact of the FirstBank acquisition. Total revenue reached $6.9 billion, up 12% sequentially. Key performance drivers included a 4% increase in net interest income, supported by commercial loan growth and higher noninterest-bearing deposits. Noninterest income rose 26% to $2.8 billion, significantly aided by a $448 million gain from the Visa exchange program, which offset a $139 million loss from repositioning the available-for-sale securities portfolio. While noninterest expenses increased 9% due to FirstBank integration costs and a $140 million PNC Foundation contribution, the company maintained a solid capital position with a 9.9% Common Equity Tier 1 (CET1) ratio. Credit quality remains stable, with nonperforming assets decreasing 9% to $2.2 billion. PNC’s loan portfolio grew 11% since year-end 2025, largely due to the FirstBank acquisition and strong commercial production. Looking ahead, management expects continued loan growth of approximately 12.5% for the full year 2026, while maintaining a disciplined approach to capital returns, recently raising the quarterly common stock dividend by 18% to $2.00 per share. |
| May 5, 2026 | mda_quarterly | PNC's first quarter 2026 results were significantly impacted by the January 5, 2026 acquisition of FirstBank Holding Company. Net income was $1.8 billion ($4.13 diluted EPS), a 13% sequential decrease but an 18% increase year-over-year. Net interest income (NII) rose 6% sequentially, with net interest margin expanding 11 basis points to 2.95%, driven by FirstBank, lower funding costs, and commercial loan growth. Total assets grew 5% to $603.0 billion, with total loans increasing 9% to $360.9 billion, largely from FirstBank's commercial and residential mortgage portfolios. Deposits also rose 4% to $457.6 billion, boosted by FirstBank. Provision for credit losses increased to $210 million due to loan growth and macroeconomic updates; the Allowance for Credit Losses (ACL) to total loans slightly decreased to 1.52%. Nonperforming assets remained stable at $2.4 billion, but loan delinquencies rose 8% from FirstBank additions. The $5.5 billion office commercial real estate portfolio showed 30.1% criticized loans and 8.8% nonperforming. Common Equity Tier 1 (CET1) ratio was 10.1%, down from 10.6%. PNC returned $1.4 billion to shareholders. The company forecasts slower economic growth in 2026 (GDP 1. |
Source: SEC EDGAR filing text and events; period Sep 29, 2026; filed Sep 29, 2026.
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