PNC Posts Record Q2 Revenue, Beats Estimates; Raises Dividend 18%
PNC sits 44% above its 52-week low of $176.88 on light trading volume (0.3× avg).
Summary
PNC reported Q2 2026 net income of $2.1 billion ($4.81 EPS), beating estimates by $0.40 on record revenue of $6.9 billion. The bank raised its dividend 18% and issued strong full-year guidance, with the FirstBank integration now complete.
Key Events · Earnings and Guidance · PNC
-
Q2 Earnings Beat
Net income of $2.1 billion, or $4.81 diluted EPS, exceeded analyst estimates by $0.40. Revenue reached a record $6.9 billion, up 12% sequentially.
-
Dividend Hike
The quarterly common dividend was raised 18% to $2.00 per share, effective Q3 2026, reflecting confidence in capital generation.
-
FirstBank Integration Complete
PNC converted 780,000 customers and 95 branches from FirstBank in June 2026, adding scale in Colorado and Arizona.
-
Strong Full-Year Guidance
Management expects 2026 average loans up ~12.5%, net interest income up 15-15.5%, and total revenue up ~14%, driven by organic growth and the FirstBank acquisition.
Analysis · PNC · Finance
PNC delivered a strong second quarter, with net income of $2.1 billion and diluted EPS of $4.81, beating consensus by $0.40. Revenue hit a record $6.9 billion, driven by a 12% sequential jump in noninterest income and a 4% rise in net interest income. The FirstBank acquisition integration was completed, adding scale in Colorado and Arizona. Management raised the dividend 18% to $2.00 per share and provided upbeat full-year guidance, signaling confidence in sustained growth. The CET1 ratio dipped to 9.9% but remains well above regulatory minimums. One-time items — a $448 million Visa exchange gain, a $139 million securities loss, and negative Visa derivative adjustments — added noise, but core trends are solid. The stock is trading near its 52-week high, reflecting market optimism.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 41.8% of the 328 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PNC was trading at $255.42 on NYSE in the Finance sector, with a market capitalization of approximately $101.9B. The 52-week trading range was $176.88 to $256.49. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.