PNC Q3 EPS $4.97, Raises FY26 Revenue and Loan Guidance, Guides 4Q NII Up ~4%
PNC sits 22% above its 52-week low of $176.88 on elevated volume (2.6× avg).
Summary
PNC's Q3 deck confirms the morning's $4.97 EPS and $6.56B revenue, but the real content is raised full-year 2026 guidance (revenue up ~13.7%, loans up ~13.5%) and new 4Q26 guidance of ~4% NII growth with NIM at 3.0% or higher.
Key Events · Earnings and Guidance · PNC
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Q3 Results: $4.97 EPS, Revenue Slightly Light
Net income $2.1B, diluted EPS $4.97 ($5.09 adjusted), revenue $6.56B — just under the $6.61B consensus. Net interest income $4.21B also came in below the $4.25B consensus.
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Full-Year 2026 Guidance Raised
Revenue growth lifted to ~13.7% from ~13%, average loans to ~13.5% from ~12.5%, noninterest income to ~10.5% from ~9%, and noninterest expense to ~9.5% from ~8.5%.
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Fourth-Quarter 2026 Guidance Introduced
Management guides 4Q26 average loans up ~2.5%, NII up ~4.0%, fee income up ~3.5%, adjusted noninterest expense up ~5.0%, and net charge-offs of ~$250M.
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NIM Expected at 3.0% or Higher
Q3 net interest margin was 2.94%; PNC expects 4Q26 NIM of 3.0% or above, supported by loan growth and securities runoff.
Analysis · PNC · Finance
PNC's Q3 headline numbers were already out this morning — $2.1B net income, $4.97 diluted EPS ($5.09 adjusted), $6.56B revenue that came in just under consensus. What this 8-K adds is the full earnings deck, and the guidance inside it is the real news: management raised full-year 2026 revenue growth to ~13.7% from ~13%, lifted the loan growth target to ~13.5% from ~12.5%, and nudged noninterest income to ~10.5% from ~9%. It also set fourth-quarter expectations for NII up ~4% and a net interest margin of 3.0% or higher. The quarter itself was solid but not clean — capital markets and advisory fees dropped 25% linked quarter, tangible book value per share slipped 3% to $107.64, and the CET1 ratio fell 80 bps year over year to 9.8%. The raised outlook is what matters for the thesis: it says loan demand and margin are holding up better than the market assumed after the slight revenue miss.
How filings like this one have moved
In the 30 days to Nov 1, 2026, 32.3% of the 1994 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.
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At the time of this filing, PNC was trading at $214.94 on NYSE in the Finance sector, with a market capitalization of approximately $85.7B. The 52-week trading range was $176.88 to $258.96. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.