PNC Q3 2026: $4.97 EPS, Revenue Slightly Light, Buyback Maintained
PNC sits 18% above its 52-week low of $176.88 on elevated volume (1.9× avg).
Summary
PNC reported Q3 2026 net income of $2.1B ($4.97 diluted EPS, $5.09 adjusted) on revenue of $6.56B that slightly missed consensus, with NIM down 2bp and charge-offs rising to $257M. The bank maintained its $0.6B quarterly buyback and $2.00 dividend.
Key Events · Earnings and Guidance · PNC
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Q3 2026 Earnings: $4.97 EPS
Net income of $2,097M and diluted EPS of $4.97 ($5.09 adjusted, excluding $48M of FirstBank integration costs and Visa-related items).
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Revenue Slightly Misses Consensus
Total revenue of $6,562M fell just short of the ~$6.61B consensus; NII rose 2% QoQ to $4,206M but fee income dropped 6% on lower capital markets activity.
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Credit Costs and NPLs Rise
Net charge-offs of $257M (0.28% annualized) included $35M from the $1.4B student loan portfolio transfer; nonperforming loans increased 8% QoQ to $2.2B on higher commercial NPLs.
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Capital Return Maintained
PNC returned $1.4B to shareholders in Q3 ($0.8B dividends, $0.6B buybacks) and expects Q4 repurchases to approximate Q3 levels; CET1 slipped to 9.8% from 9.9%.
Analysis · PNC · Finance
PNC's Q3 results show a bank that is growing but not accelerating: net income of $2.1B and adjusted EPS of $5.09 beat the prior quarter, yet revenue of $6.56B came in just under consensus and net interest margin slipped 2bp to 2.94%. The bigger story is the balance sheet — CET1 fell to 9.8% from 9.9%, AOCI worsened to -$6.5B from -$4.1B as rates rose, and net charge-offs climbed to $257M (0.28% annualized) with nonperforming loans up 8% quarter-over-quarter. Management kept the $0.6B quarterly buyback pace and the $2.00 dividend, signaling confidence, but the combination of a revenue miss, margin compression, and rising credit costs is what will drive the stock reaction.
How filings like this one have moved
In the 30 days to Nov 3, 2026, 32.3% of the 2077 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. 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 $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 filing was assessed with neutral market sentiment and an importance score of 7 out of 10.