PNC Financial (PNC) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 15, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

4.34

Last Year’s EPS

3.85

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 13 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 15, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized strong balance sheet growth (including the FirstBank acquisition), robust loan growth and NII expansion, double-digit fee income growth year-over-year, solid credit metrics and active capital returns, supported by a favorable initial assessment of proposed Basel III changes. Offsetting items included short-term declines in noninterest income (notably mortgage MSR volatility), integration costs and modest increases in delinquencies and charge-offs. Management maintained constructive guidance for 2026 and reiterated confidence in the low-risk profile of NDFI-related exposures.

Company Guidance

PNC's guidance for 2Q 2026 calls for average loans up 2–3%, net interest income up about 3%, fee income up 2.5%, other noninterest income of $150–$200 million and total revenue up roughly 3.5%, with noninterest expense (ex‑integration) up ~2% and expected net charge‑offs of about $225 million; for full‑year 2026 versus 2025 management expects average loan growth of ~11%, full‑year net interest income up ~14.5%, noninterest income up ~6%, total revenue up ~11%, noninterest expense (ex‑integration) up ~7%, an effective tax rate of ~19.5% and ~$325 million of nonrecurring merger/integration costs (of which $98 million was recognized in Q1 and ~ $150 million is expected in Q2); Q1 averages were $351 billion loans and $458 billion deposits, Q1 NIM was 2.95% (up 11 bps) with management targeting NIM >3% in the back half, estimated CET1 of 10.1% (down 50 bps linked quarter), anticipated RWA relief under the Basel III proposal of ~10% (~$45–$50 billion), and ongoing capital return with quarterly buybacks expected in the $600–$700 million range (Q1 returned $1.4 billion: ~$700 million dividends and ~$700 million repurchases); macro assumptions include ~1.9% GDP growth in 2026, unemployment drifting to ~4.6% by year‑end, and no Fed cuts in 2026.

Completed FirstBank Acquisition and Balance Sheet Expansion

Closed acquisition of FirstBank in Q1 2026, adding approximately $15 billion in loans and $22 billion in deposits; average loans rose to $351 billion, up $23 billion (7%) linked quarter and $34 billion (11%) year-over-year; spot loans were up 9% from year-end (including the acquisition and $14 billion legacy growth).

Strong Loan Growth and Net Interest Income

Organic loan growth reached a three-year high with legacy C&I up $15 billion; net interest income was $4.0 billion, up $230 million (6%) linked quarter; net interest margin expanded to 2.95%, up 11 basis points linked quarter, and management expects NII up ~14.5% for full-year 2026.

Double-Digit Fee Income Growth Year-over-Year

Fee income increased $240 million, or 13% year-over-year, driven by broad-based strength across businesses (asset management & brokerage, card & cash management, capital markets underwriting/trading offsets).

Solid Profitability and EPS

Reported net income of $1.8 billion and earnings per common share of $4.13 for Q1 2026 ($4.32 adjusted for integration costs).

Capital Return and Capital Position

Returned $1.4 billion to shareholders in Q1 (approximately $700 million dividends and $700 million share repurchases); tangible book value $109.42 per share (down 3% linked quarter due to acquisition but up 9% year-over-year); estimated CET1 of 10.1% and continued share repurchases targeted at $600–$700 million per quarter.

Basel III Proposal Expected to Be Beneficial

Initial assessment of the Basel III proposal indicates roughly a 10% reduction in risk-weighted assets (~$45–50 billion), which management expects to be net positive for CET1 and provide additional capital flexibility.

Maintained Strong Credit Metrics and Allowance Coverage

Nonperforming loans represented 0.62% of total loans (down from 0.67% prior quarter); accruing loans past due 0.43% (down from 0.44%); total net loan charge-offs were $253 million (including $45 million of purchase-accounting related to the acquisition), and excluding acquired charge-offs NCO ratio was 24 basis points; allowance for credit losses totaled $5.5 billion (1.52% of total loans).

Forward Guidance and 2026 Outlook

Provided 2Q 2026 guidance: average loans up 2–3%, NII up ~3%, fee income up 2.5%, other noninterest income $150–200 million, total revenue up ~3.5%, and Q2 net charge-offs ~ $225 million. Full-year 2026 expectations: average loan growth ~11%, total revenue up ~11%, NII up ~14.5%, noninterest income up ~6%, and noninterest expense (ex-integration) up ~7%.

PNC Financial (PNC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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PNC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 15, 2026	2026 (Q2)	4.34 / -	3.85	―	―	―
Apr 15, 2026	2026 (Q1)	3.93 / 4.13	3.51	17.66% (+0.62)
Jan 16, 2026	2025 (Q4)	4.20 / 4.88	3.77	29.44% (+1.11)
Oct 15, 2025	2025 (Q3)	4.04 / 4.35	3.49	24.64% (+0.86)
Jul 17, 2025	2025 (Q2)	3.55 / 3.85	3.39	13.57% (+0.46)
Apr 15, 2025	2025 (Q1)	3.38 / 3.51	3.1	13.23% (+0.41)
Jan 16, 2025	2024 (Q4)	3.33 / 3.77	1.85	103.78% (+1.92)
Oct 15, 2024	2024 (Q3)	3.30 / 3.49	3.6	-3.06% (-0.11)
Jul 16, 2024	2024 (Q2)	2.99 / 3.39	3.36	0.89% (+0.03)
Apr 16, 2024	2024 (Q1)	3.01 / 3.10	3.98	-22.11% (-0.88)

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
Apr 15, 2026	$221.20	$222.06	+0.39%
Jan 16, 2026	$211.78	$219.79	+3.79%
Oct 15, 2025	$186.85	$179.57	-3.90%
Jul 17, 2025	$189.25	$191.26	+1.06%

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.