Earnings ·
PNC reported second quarter 2026 net income of $2.1 billion and diluted EPS of $4.81 ($4.85 adjusted)
PNCPNC Financial Services Group, Inc.
PNC reported second quarter 2026 net income of $2.1 billion and diluted EPS of $4.81 ($4.85 adjusted). The company achieved record revenue of $6.9 billion, driven by net interest income of $4.1 billion and fee income of $2.3 billion. Key operational milestones included the June 22, 2026, conversion of FirstBank customers and branches. PNC returned $1.3 billion to shareholders through $0.7 billion in dividends and $0.6 billion in share repurchases. The board increased the quarterly cash dividend by 18% to $2.00 per share. The company maintained a CET1 capital ratio of 9.9%. PNC is a diversified financial services company providing retail banking, corporate and institutional banking, and asset management.