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 Exhibit 99.1
Slide 2: Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information
2 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 corpo
Slide 3: Delivered Strong Third Quarter 2026 Results
3 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 Grew deposits, supporting balance sheet expansion Increased net interest income Expense discipline drove positive
Slide 4: Diversified Businesses Driving Growth
4 Diversified Businesses Driving Growth Third Quarter 2026 Business Highlights Note: YTD=year-to-date. YoY = year-over-year. AUM = assets under management. Footnotes are presented on slide 28. Grow our client base by providing diversified financial products and services on a national basis PNC Strat
Slide 5: Loan and Securities Growth Drove Balance Sheet Expansion
5 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
Slide 6: Continued Robust Loan Growth
6 Continued Robust Loan Growth Note: YoY = year over year. LQ = linked quarter. YTD = year to date. C&I = commercial and industrial. CRE = commercial real estate. Totals may not sum due to rounding. Consolidated Average Loan Balances Average loans increased 2% LQ and 14% YoY Av er ag e ba la nc es ,
Slide 7: High Quality, Short Duration Securities and Swap Portfolios
7 High Quality, Short Duration Securities and Swap Portfolios Note: AFS = Available for sale. HTM = held to maturity. Totals may not sum due to rounding. Footnotes are presented on slide 28. Investment Securities $ billions AFS HTM Total Average Balance $72.0 $79.3 $151.4 Portfolio Yield 3.95% 3.27%
Slide 8: Deposit Growth Supports Balance Sheet Expansion
$93 $103 $101 $332 $353 $356 $432 $457 $461 2.32% 1.91% 1.98% 3Q25 2Q26 3Q26 8 Deposit Growth Supports Balance Sheet Expansion Note: YoY = year-over-year. LQ = linked quarter. IB = interest-bearing deposits. NIB = noninterest-bearing deposits. Spot brokered deposits of $8 billion are not reflected i
Slide 9: Strong Performance Driving PPNR Growth
Quarter Year to Date $ millions except EPS 3Q26 LQ YoY 2026 YoY Net interest income $4,206 2% 15% $12,274 15% Noninterest income 2,356 (15)% 4% 7,328 15% Total revenue $6,562 (5)% 11% $19,602 15% Noninterest expense 3,751 (8)% 8% 11,617 14% Pretax, pre-provision earnings (non-GAAP) $2,811 1% 15% $7,
Slide 10: Higher NII and Strong Year to Date Fee Momentum
10 Higher NII and Strong Year to Date Fee Momentum Note: NII = Net Interest Income. LQ = Linked quarter. YoY = Year over year. NM = not meaningful. Net interest margin is calculated using taxable-equivalent net interest income, a non-GAAP measure. For non-GAAP figures, see reconciliation in the appe
Slide 11: Expenses Remain Well-Controlled
11 Expenses Remain Well-Controlled Detail of Noninterest ExpenseNoninterest Expense $ m ill io ns Note: LQ = Linked quarter. YoY = year over year. NM = not meaningful. For non-GAAP figures, see reconciliation in the appendix. Quarter Year to Date $ millions 3Q26 LQ YoY 2026 YoY Personnel $2,031 (11)
Slide 12: Strong Credit Quality
$72 $129 $128 $107 $97 $94 $35 $179 $226 $257 3Q25 2Q26 3Q26 12 Strong Credit Quality Note: Footnotes are presented on slide 28. Nonperforming Loans (NPLs) Net Loan Charge-Offs (NCOs) Credit Quality Metrics $1,282 $1,149 $1,314 $855 $878 $880 $2,137 $2,027 $2,194 9/30/25 6/30/26 9/30/26 $309 $336 $3
Slide 13: Full Year 2026 Outlook
Previous FY26 Guidance Current FY26 Guidance1,2,3 Average loans: (FY25 baseline: $323.4 billion) Up ~12.5% Up ~13.5% Net interest income: (FY25 baseline: $14,410 million) Up 15% - 15.5% Up ~15.5% Noninterest income: (FY25 baseline: $8,689 million) Up ~9% Up ~10.5% Total revenue: (FY25 baseline: $23,
Slide 14: Fourth Quarter 2026 Outlook
14 Fourth Quarter 2026 Outlook Note: Refer to Cautionary Statement in the Appendix, including economic and other assumptions. Does not take into account impact of potential legal and regulatory contingencies. For non-GAAP figures, see reconciliation in the appendix. Footnotes are presented on slide
Slide 15: Appendix: Cautionary Statement Regarding Forward-Looking Information
15 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 rati
Slide 16: Appendix: Cautionary Statement Regarding Forward-Looking Information
16 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 Regarding Forward-Looking Information
17 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
Slide 18: Appendix: Non-GAAP to GAAP Reconciliation - Pretax, Pre-Provision Earnings
18 Appendix: Non-GAAP to GAAP Reconciliation Pretax, Pre-Provision Earnings (non-GAAP) We believe that pretax, pre-provision earnings is a useful tool to help evaluate the ability to provide for credit costs through operations and provides an additional basis to compare results between periods by is
Slide 19: Appendix: Non-GAAP to GAAP Reconciliation - Adjusted Diluted EPS
19 Appendix: Non-GAAP to GAAP Reconciliation Adjusted Diluted Earnings per Share (non-GAAP) Note: Statutory tax rate of 21% used to calculate integration costs, after tax. The adjusted diluted earnings per common share excluding integration costs and significant items is a non-GAAP measure and exclu
Slide 20: Appendix: Non-GAAP to GAAP Reconciliation - Fee Income and Adjusted Revenue
20 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 Nonint
Slide 21: Appendix: Non-GAAP to GAAP Reconciliation - Taxable-Equivalent Net Interest Income
21 Appendix: Non-GAAP to GAAP Reconciliation Taxable-Equivalent Net Interest Income (non-GAAP) The interest income earned on certain earning assets is completely or partially exempt from federal income tax. As such, these tax-exempt instruments typically yield lower returns than taxable investments.
Slide 22: Appendix: Net Interest Margin
22 Appendix: Net Interest Margin Note: PNC yields and rates are calculated using the applicable annualized taxable-equivalent interest income or expense for each product, based on its contractual day-count convention (e.g., 30/360; actual/actual; actual/360), divided by the applicable average earnin
Slide 23: Appendix: Non-GAAP to GAAP Reconciliation - Tangible Book Value per Common Share
23 Appendix: Non-GAAP to GAAP Reconciliation Tangible Book Value per Common Share (non-GAAP) Tangible book value per common share is a non-GAAP measure and is calculated based on tangible common shareholders' equity divided by period-end common shares outstanding. We believe this non-GAAP measure se
Slide 24: Appendix: Non-GAAP to GAAP Reconciliation - Tangible Common Equity Ratio
24 Appendix: Non-GAAP to GAAP Reconciliation Tangible Common Equity Ratio (non-GAAP) Tangible common equity ratio is a non-GAAP measure and is calculated based on tangible common shareholders’ equity divided by tangible assets. We believe this non-GAAP measure to be a key financial metric in assessi
Slide 25: Appendix: Non-GAAP to GAAP Reconciliation - Return on Average Tangible Common Equity
25 Appendix: Non-GAAP to GAAP Reconciliation Return on Average Tangible Common Equity (non-GAAP) Return on average tangible common equity is a non-GAAP financial measure and is calculated based on annualized net income attributable to common shareholders divided by tangible common equity. We believe
Slide 26: Appendix: Preferred Dividends
26 Appendix: Preferred Dividends Preferred Dividends The above represents our current estimate for preferred dividends in 2026 for currently outstanding series as of October 15, 2026. This estimate is based on the forward curve as of September 30, 2026, and assumes that current preferred stock remai
Slide 27: Appendix: Non-GAAP to GAAP Reconciliation - Consolidated CET1 Ratio
27 Appendix: Non-GAAP to GAAP Reconciliation Consolidated CET1 Ratio, including AOCI & Other Fully Phased-In Impacts, Basel III Endgame (non-GAAP) As permitted, PNC has elected to exclude AOCI related to both available for sale securities and pension and other post-retirement plans from CET1 capital
Slide 28: Footnotes Slide
28 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 Fl
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