PNC reports Q3 2026 net income of $2.1 billion and EPS of $4.97 (adjusted $5.09)
PNC Financial Services Group announced third‑quarter 2026 results on Oct. 15. Net income was $2.1 billion, yielding diluted EPS of $4.97, or $5.09 on an adjusted basis. Revenue fell 5% year‑over‑year to $6.6 billion, while net interest income rose 2% to $4.2 billion. Integration costs from the FirstBank acquisition and Visa‑related items reduced earnings by $48 million.
Why it matters
The adjusted EPS beat analyst expectations by $0.18, indicating stronger profitability despite the revenue miss (the company notes the beat). The revenue decline and integration costs signal short‑term pressure on top‑line growth, which investors will monitor for future guidance.
Key facts
- 1Net income was $2.1 billion for Q3 2026. prnewswire.com
- 2Diluted EPS was $4.97, or $5.09 on an adjusted basis. prnewswire.com
- 3Revenue was $6.6 billion, down 5% year‑over‑year. prnewswire.com
- 4Net interest income increased 2% to $4.2 billion. prnewswire.com
- 5Integration costs related to the FirstBank acquisition were $36 million, and Visa‑related significant items were $25 million, together lowering net income by $48 million. prnewswire.com
- 6Efficiency ratio improved to 57%. sec.gov
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.