PNC Reports $2.1 Billion Net Income for Second Quarter
The PNC Financial Services Group reported $2.1 billion in net income for the second quarter of 2026, with diluted earnings per share of $4.81. The company also increased its dividend by 18%.
Pittsburgh, PA – The PNC Financial Services Group, Inc. on July 15, 2026, reported its second-quarter financial results, showing a net income of $2.1 billion. Diluted earnings per share (EPS) stood at $4.81, with adjusted EPS at $4.85. This figure indicates a significant increase compared to the same period last year.
The company's revenue for the second quarter of 2026 reached $6.875 billion, an increase from both the previous quarter and the same quarter in 2025. Net interest income rose by 4% to $4.107 billion, while noninterest income, or fee income, increased by 10% to $2.279 billion, boosted by strong capital markets activity.
PNC completed several strategic initiatives, including the successful conversion of FirstBank's customers, employees, and branches in Colorado and Arizona. Average loans grew by 4% to $363.2 billion. The company also announced an 18% increase in its quarterly common stock dividend, raising it to $2.00 per share.
"Our strong second quarter performance reflects the disciplined execution of our growth strategy and positions us well for the second half of the year," said PNC Chairman and CEO Bill Demchak. "We remain focused on delivering results that support our customers, shareholders and communities."
The company maintained a strong capital position, reporting a Common Equity Tier 1 (CET1) capital ratio of 9.9%. The impact of integration costs and other significant items on EPS was $0.04.