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PNC Financial (PNC)
NYSE:PNC
Earnings Data
Report Date
Apr 15, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.91Last Year’s EPS
3.51Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call presented a broadly positive outlook: PNC reported record revenue, strong full-year EPS growth (21%), improved tangible book value (+18% YoY), healthy credit metrics, and an accretive strategic acquisition (FirstBank) with clear integration plans. Management provided confident 2026 guidance (loans +8%, total revenue +11%, NII +14%) and a target of ~400 bps positive operating leverage while maintaining aggressive investment in technology and branches. Near-term headwinds include $325M of integration costs, elevated Q1 net charge-off guidance (~$200M), mortgage revenue softness, and execution risk around higher absolute investment spending. On balance, the positive results, strong capital returns, accretive acquisition, and constructive guidance outweigh the manageable lowlights.Company Guidance
Record Full-Year Financial Performance
Net income for FY2025 of $7.0 billion; diluted EPS $16.59, up 21% year-over-year; total revenue up $1.5 billion or 7% vs. 2024; PPNR growth 15% and 5% positive operating leverage for the year.
Strong Fourth-Quarter Results
Q4 total revenue a record $6.1 billion, up $156 million or 3% linked quarter; net interest income $3.7 billion, up $83 million or 2% linked quarter; net interest margin 2.84%, up 5 bps; noninterest income $2.3 billion, up $73 million or 3%.
Balance Sheet and Capital Strength
Average loans $328 billion (Q4), up $2 billion or 1% linked quarter and up $9 billion or 3% YoY; average deposits $440 billion, up $8 billion or 2% linked quarter; tangible book value $112.51 per share, up 4% linked quarter and 18% YoY; CET1 ratio estimated 10.6% (9.8% incl. AOCI).
Robust Capital Return to Shareholders
Returned $1.1 billion in capital during the quarter (dividends $676 million, share repurchases ~$400 million); management guiding toward $600–$700 million quarterly buyback pace in 2026.
FirstBank Acquisition and Expected Accretion
Closed FirstBank acquisition (purchase price ~ $4.2 billion; 30% cash/70% stock; 13.9 million shares issued); estimated reduction to CET1 ~40 bps; projected internal rate of return ~25%; management expects FirstBank to contribute ~ $1.00 per share annualized by end of year (2027 impact) and full integration by year-end 2026.
Positive 2026 Guidance and Operating Leverage
2026 outlook: average loan growth ~8%, total revenue +11%, net interest income +14%, noninterest income +6%, noninterest expense +7% (excl. $325M integration costs); management expects ~400 bps positive operating leverage for 2026, mostly from PNC standalone.
Controlled Expenses and Continuous Improvement
Full-year noninterest expense increased only 2% despite growth and record investment; 2025 continuous improvement program exceeded $350 million savings target and same $350 million CIP target set for 2026 to fund investments and efficiency.
Credit Metrics Remain Healthy
Allowance for credit losses $5.2 billion (1.58% of loans); nonperforming loans 0.67% of loans (down from 0.73% YoY); total delinquencies 0.44% of loans (unchanged YoY); net loan charge-offs $162 million (20 bps), down $17 million linked quarter; provision $139 million reflecting slight reserve release.
Large Technology and Strategic Investment Plan
Planned elevated technology/strategic spend (approx. $3.5 billion baseline and expected to grow ~10%); AI represents ~20% of the incremental increase; investments include branch expansion, payments modernization, cloud-native application migration and data-center modernization.
PNC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PNC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 16, 2026 | $213.40 | $221.48 | +3.79% |
Oct 15, 2025 | $188.28 | $180.95 | -3.89% |
Jul 17, 2025 | $190.70 | $192.73 | +1.06% |
Apr 15, 2025 | $149.86 | $149.93 | +0.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does PNC Financial (PNC) report earnings?
PNC Financial (PNC) is schdueled to report earning on Apr 15, 2026, Before Open (Confirmed).
What is PNC Financial (PNC) earnings time?
PNC Financial (PNC) earnings time is at Apr 15, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PNC EPS forecast?
PNC EPS forecast for the fiscal quarter 2026 (Q1) is 3.91.
