Quarterly ResultJul 15, 2026, 01:51 PM
PNC Q2 Net Income $2.1B, EPS $4.81; Dividend Raised 18% to $2.00
AI Summary
PNC Financial Services Group reported strong second quarter 2026 results, with net income of $2.1 billion and diluted earnings per share of $4.81. The company achieved record revenue, net interest income, and fee income, driven by solid loan growth and effective expense management. PNC also announced an 18% increase in its common share dividend to $2.00 and returned $1.3 billion to shareholders through dividends and share repurchases, while raising its full-year 2026 guidance for key financial metrics.
Key Highlights
- Net income for Q2 2026 was $2.1 billion, with diluted EPS of $4.81.
- PNC increased its common share dividend by 18% to $2.00 per share.
- Returned $1.3 billion to shareholders, including $0.7 billion in dividends and $0.6 billion in share repurchases.
- Total revenue reached $6.875 billion, marking a 21% increase year-over-year.
- Average loans grew 13% year-over-year to $363.2 billion.
- Credit quality strengthened, with nonperforming loans to total loans improving to 0.55%.
- Full-year 2026 total revenue outlook was raised to an increase of approximately 13%.
Price Impact
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