Quarterly ResultJul 15, 2026, 06:46 AM
PNC Q2 Net Income $2.1B, Diluted EPS $4.81; Dividend +18%
AI Summary
PNC Financial Services Group reported strong second-quarter 2026 results, with net income rising to $2.1 billion and diluted EPS reaching $4.81. The company achieved record revenue, net interest income, and fee income, driven by commercial loan growth and strong capital markets activity. PNC also announced an 18% increase in its quarterly common stock dividend to $2.00 per share and successfully completed the integration of FirstBank.
Key Highlights
- Net income for Q2 2026 was $2.1 billion, up from $1.8 billion in Q1 2026.
- Diluted EPS was $4.81, or $4.85 as adjusted, compared to $4.13 in Q1 2026.
- Total revenue reached $6.9 billion, a 12% increase from Q1 2026.
- Net interest income increased 4% to $4.1 billion, and fee income rose 10% to $2.3 billion.
- Quarterly common stock dividend increased 18% to $2.00 per share.
- Average loans grew 4% to $363.2 billion, driven by commercial loan growth.
- Returned $1.3 billion to shareholders, including $0.6 billion in share repurchases.
- Successfully converted FirstBank customers, employees, systems, and branches as of June 22, 2026.
Price Impact
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