Pnc Financial Services Group, Inc. (the) · NYSE:PNC
Pnc Financial Services Group, Inc. (the) — Q3 2026 Earnings Presentation
28 slides from Pnc Financial Services Group, Inc. (the)'s earnings presentation, Oct 15, 2026
Slide 1: Third Quarter 2026 Earnings Conference Call
Third Quarter 2026 Earnings Conference Call October 15, 2026
Slide 2: Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information
Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information Our earnings conference call presentation is not intended as a full business or financial review and should be viewed in the context of all of the information made available by PNC in its SEC filings and on our corpora
Slide 3: Delivered Strong Third Quarter 2026 Results
Delivered Strong Third Quarter 2026 Results $4.97 Diluted Earnings per Share (EPS) | $5.09 Adjusted (non-GAAP) Solid loan growth driven by new production and higher utilization 3Q26 Financial Highlights Grew deposits, supporting balance sheet expansion $2.1 billion Net Income Increased net int
Slide 4: Diversified Businesses Driving Growth
Diversified Businesses Driving Growth Third Quarter 2026 Business Highlights Corporate & Institutional Banking PNC Strategic Priorities Average loans grew 17% YoY Grow our client base by Added ~500 new Corporate & Commercial Banking clients in the expansion markets1 YTD providing diversified fin
Slide 5: Loan and Securities Growth Drove Balance Sheet Expansion
Loan and Securities Growth Drove Balance Sheet Expansion Balance Sheet Summary Linked Quarter Year over Year Average balances, $ billions 3Q26 $ % $ % Total loans $372.2 $9.0 2% $46.2 14% Investment securities $151.4 $4.3 3% $6.9 5% Total assets $628.9 $12.6 2% $57.4 10% Total deposits $461.2 $4.2 1
Slide 6: Continued Robust Loan Growth
Continued Robust Loan Growth Consolidated Average Loan Balances Spot Loan Roll-Forward Average loans increased 2% LQ and 14% YoY Spot Loans increased $11 billion LQ and $47 billion YTD $372 Period End Balances $379 $363 $233 Acquired FirstBank Balances $10.8 $326 $224 C&I: +4% LQ and $368 +19% YoY O
Slide 7: High Quality, Short Duration Securities and Swap Portfolios
High Quality, Short Duration Securities and Swap Portfolios Investment Securities Securities and Swap Cumulative Projected Runoff 2 33% of securities and swap portfolio projected to runoff through 2028 $ billions AFS HTM Total $- Average Balance $72.0 $79.3 $151.4 $(10) (2)% (4)% Portfolio Yield 3.9
Slide 8: Deposit Growth Supports Balance Sheet Expansion
Deposit Growth Supports Balance Sheet Expansion Consolidated Average Deposit Balances Spot Commercial Deposits Total Deposits +1% Interest-Bearing Noninterest-Bearing $457 $461 LQ and +7% YoY +7% $160 $432 $0.4 $4 $7 $353 $356 $146 $149 $74 $75 $332 $70 $ billions Total IB Deposits +2% LQ and +6% Yo
Slide 9: Strong Performance Driving PPNR Growth
Strong Performance Driving PPNR Growth Income Statement Summary Quarter Year to Date $ millions except EPS 3Q26 LQ YoY 2026 YoY Net interest income $4,206 2% 15% $12,274 15% Includes $(9) million of integration costs Noninterest income 2,356 (15)% 4% 7,328 15% and $(25) million of significant items
Slide 10: Higher NII and Strong Year to Date Fee Momentum
Higher NII and Strong Year to Date Fee Momentum Total Revenue Detail of Noninterest Income Net Interest Income Noninterest Income Quarter Year to Date Net Interest Margin $ millions 3Q26 LQ YoY 2026 YoY Integration Costs and Significant Items 2Q26: $218 3Q26: $(34) Asset management and brokerage 447
Slide 11: Expenses Remain Well-Controlled
Expenses Remain Well-Controlled Noninterest Expense Detail of Noninterest Expense Noninterest Expense Efficiency Ratio Quarter Year to Date Integration Costs and Significant Items $ millions 3Q26 LQ YoY 2026 YoY 2Q26: $261 3Q26: $27 Personnel $2,031 (11)% 3% $6,410 11% $4,098 $3,751 Occupancy 262 4%
Slide 12: Strong Credit Quality
Strong Credit Quality Nonperforming Loans (NPLs) Credit Quality Metrics 3Q25 2Q26 3Q26 Commercial Consumer NPLs / Total Loans (Period end) 0.65% 0.55% 0.58% Delinquencies / Total Loans1 (Period end) 0.38% 0.39% 0.34% NCOs / Average Loans2 0.22% 0.25% 0.28% $2,137 $2,194 Allowance for Credit Losses t
Slide 13: Full Year 2026 Outlook
Full Year 2026 Outlook Previous Current FY26 Guidance FY26 Guidance1,2,3 Average loans: Up ~12.5% Up ~13.5% (FY25 baseline: $323.4 billion) Net interest income: Up 15% - 15.5% Up ~15.5% (FY25 baseline: $14,410 million) Noninterest income: Up ~9% Up ~10.5% (FY25 baseline: $8,689 million) Total revenu
Slide 14: Fourth Quarter 2026 Outlook
Fourth Quarter 2026 Outlook Fourth Quarter 2026 Guidance1,2,3 Average loans: Up ~2.5% (3Q26 baseline: $372.2 billion) Supports our expectation for a 3.0% or higher NIM Net interest income: Up ~4.0% (3Q26 baseline: $4,206 million) Fee income (non-GAAP): Up ~3.5% (3Q26 baseline: $2,142 million) Other
Slide 15: Appendix: Cautionary Statement
Appendix: Cautionary Statement Regarding Forward-Looking Information We make statements in this presentation, and we may from time to time make other statements, regarding our outlook for financial performance, such as earnings, revenues, expenses, tax rates, capital and liquidity levels and ratios,
Slide 16: Appendix: Cautionary Statement
Appendix: Cautionary Statement Regarding Forward-Looking Information Our forward-looking financial statements are subject to the risk that economic and financial market conditions will be substantially different than those we are currently expecting. These statements are based on our views that: −
Slide 17: Appendix: Cautionary Statement
Appendix: Cautionary Statement Regarding Forward-Looking Information Business and operating results are affected by our ability to identify and effectively manage risks inherent in our businesses, including, where appropriate, through effective use of systems and controls, third-party insurance, d
Slide 18: Non-GAAP to GAAP Reconciliation: Pretax, Pre-Provision Earnings
Appendix: Non-GAAP to GAAP Reconciliation Pretax, Pre-Provision Earnings (non-GAAP) For the three months ended For the nine months ended $ millions Sep. 30, 2026 Jun. 30, 2026 Sep. 30, 2025 Sep. 30, 2026 Sep. 30, 2025 Total revenue $6,562 $6,875 $5,915 $19,602 $17,028 Total noninterest expense 3,751
Slide 19: Non-GAAP to GAAP Reconciliation: Adjusted Diluted EPS
Appendix: Non-GAAP to GAAP Reconciliation Adjusted Diluted Earnings per Share (non-GAAP) For the three months ended $ millions Sep. 30, 2026 Jun. 30, 2026 Mar. 31, 2026 YTD 2026 Net income attributable to diluted common shareholders $1,994 $1,941 $1,675 $5,610 Gains related to Visa share exchange 11
Slide 20: Non-GAAP to GAAP Reconciliation: Fee Income and Revenue, as adjusted
Appendix: Non-GAAP to GAAP Reconciliation Fee Income (non-GAAP) and Revenue, as adjusted (non-GAAP) For the three months ended For the nine months ended $ millions Sep. 30, 2026 Jun. 30, 2026 Sep. 30, 2025 Sep. 30, 2026 Sep. 30, 2025 Net interest income $4,206 $4,107 $3,648 $12,274 $10,679 Nonintere
Slide 21: Non-GAAP to GAAP Reconciliation: Taxable-Equivalent Net Interest Income
Appendix: Non-GAAP to GAAP Reconciliation Taxable-Equivalent Net Interest Income (non-GAAP) For the three months ended For the nine months ended $ millions Sep. 30, 2026 Jun. 30, 2026 Sep. 30, 2025 Sep. 30, 2026 Sep. 30, 2025 Net interest income $4,206 $4,107 $3,648 $12,274 $10,679 Taxable-equivalen
Slide 22: Appendix: Net Interest Margin
Appendix: Net Interest Margin For the three months ended $ millions Sep. 30, 2026 Jun. 30, 2026 Mar. 31, 2026 Net interest income $4,206 $4,107 $3,961 Taxable-equivalent adjustments 26 27 29 Taxable-equivalent net interest income (non-GAAP) $4,232 $4,134 $3,990 Taxable-equivalent net interest income
Slide 23: Non-GAAP to GAAP Reconciliation: Tangible Book Value per Common Share
Appendix: Non-GAAP to GAAP Reconciliation Tangible Book Value per Common Share (non-GAAP) For the three months ended $ millions, except per share data Sep. 30, 2026 Jun. 30, 2026 Sep. 30, 2025 Book value per common share $142.17 $145.52 $135.67 Tangible book value per common share Common shareholder
Slide 24: Non-GAAP to GAAP Reconciliation: Tangible Common Equity Ratio
Appendix: Non-GAAP to GAAP Reconciliation Tangible Common Equity Ratio (non-GAAP) For the three months ended $ millions Sep. 30, 2026 Jun. 30, 2026 Sep. 30, 2025 Tangible common shareholders’ equity Common shareholders’ equity $56,474 $58,131 $53,235 Goodwill and other intangible assets (14,113) (14
Slide 25: Non-GAAP to GAAP Reconciliation: Return on Average Tangible Common Equity
Appendix: Non-GAAP to GAAP Reconciliation Return on Average Tangible Common Equity (non-GAAP) For the three months ended $ millions Sep. 30, 2026 Jun. 30, 2026 Sep. 30, 2025 Return on average common shareholders’ equity 13.89% 13.61% 13.24% Average common shareholders’ equity $57,278 $57,556 $51,969
Slide 26: Appendix: Preferred Dividends
Appendix: Preferred Dividends Preferred Dividends For the three months ended For the year ended $ millions Mar. 31, 2026 Jun. 30, 2026 Sep. 30, 2026 Dec. 31, 2026 Dec. 31, 2026 Preferred dividends $73 $85 $73 $100 $331 The above represents our current estimate for preferred dividends in 2026 for cur
Slide 27: Non-GAAP to GAAP Reconciliation: Consolidated CET1 Ratio
Appendix: Non-GAAP to GAAP Reconciliation Consolidated CET1 Ratio, including AOCI & Other Fully Phased-In Impacts, Basel III Endgame (non-GAAP) Common Equity Risk-Weighted September 30, 2026 (estimated): $ billions Tier 1 Capital September 30, 2026 (estimated): $ billions Assets (RWA) Common stock,
Slide 28: Earnings Presentation Footnotes
Earnings Presentation Footnotes Slide 4 – Diversified Businesses Driving Growth 1. PNC Expansion Markets: refer collectively to PNC’s Southeast, Southwest and De Novo markets, excluding the business operations of PNC’s national businesses. Southeast markets include PNC markets in the states of Flori
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