PNC Q3 Revenue and Net Interest Income Edge Past Estimates, EPS Hits $4.97
PNC sits 18% above its 52-week low of $176.88 on elevated volume (1.9× avg).
Summary
PNC posted Q3 revenue of $6.56B and net interest income of $4.21B, both just under consensus ($6.61B and $4.25B) — misses of less than 1%. EPS came in at $4.97 on net income of $2.10B, with the adjusted net interest margin at 2.94% and CET1 at 9.80%. The quarter's soft spot was noninterest income: capital markets and advisory revenue fell, dragging total revenue below Q2's record $6.9B. Management said commercial loan growth and higher utilization drove net interest income, while lower compensation expense trimmed costs. PNC returned $1.4B to shareholders and guided Q4 buybacks to roughly Q3 levels. The stock closed at $215.80 on October 14 and trades at about 10x forward earnings, down from 12x three months ago — the market has already de-rated the shares ahead of this print.
Updates
· SEC 8-K — PNC's Q3 2026 8-K reports net income of $2.1B, adjusted EPS of $5.09, CET1 ratio of 9.8%, and $1.4B returned to shareholders via $0.8B dividends and $0.6B buybacks.
At the time of this announcement, PNC was trading at $209.00 on NYSE in the Finance sector, with a market capitalization of approximately $86.1B. The 52-week trading range was $176.88 to $258.96. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.