PNC Q2 FY2026: revenue $6.88 billion, EPS $4.81
PNC's second quarter of fiscal 2026 was strong: revenue rose 21.4% to $6.88 billion and diluted EPS of $4.81 beat the $4.4592 consensus. Read the growth with care, because $448 million of it is a one-time Visa share exchange gain. Credit stayed calm, with net charge-offs at 0.25% of average loans and nonperforming assets falling to $2.15 billion.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $4.81 beat the $4.4592 consensus by $0.35, or 7.9%, and rose from $4.13 last quarter and $3.85 a year ago. Net income was $2.06 billion, and $1.95 billion reached common shareholders after $85 million of preferred dividends. The effective tax rate rose to 20.5% from 18.8% a year ago, which modestly dampened the bottom line.
Revenue of $6.88 billion rose 21.4% from $5.66 billion a year earlier and 11.5% from $6.17 billion in the first quarter. Net interest income of $4.11 billion added $552 million of the year-over-year increase, while noninterest income of $2.77 billion added $662 million. Quality matters here: noninterest income contains a $448 million gain on the Visa shares exchange program and a $139 million securities loss.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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