PNC

Truist Financial delivered strong second-quarter earnings Friday, but investors may be more focused on what the leadership transition to incoming CEO Michael Lyons could mean for the bank’s strategy.

Fifth Third Bancorp FITB reported second-quarter 2026 adjusted earnings per share (EPS) of $1.02, which surpassed the Zacks Consensus Estimate of 98 cents. In the prior-year quarter, the company posted EPS of 88 cents. Results benefited from solid growth in net interest income (NII) and fee income, along with higher loan and deposit balances. Lower provisions for credit losses also offered support. However, a substantial rise in non-interest expenses acted as a headwind. Given the concern, FITB shares declined nearly 3.1% in the early trading session. A full day’s trading session will depict a clearer picture. Results excluded a negative 19-cent impact of certain items, including merger-related charges, securities repositioning losses, technology-related asset impairments, severance expenses and interchange litigation matters. After considering these, the company reported net income available to common shareholders (GAAP basis) of $763 million, up 29% year over year. Total quarterly revenues (FTE) in the reported quarter were $3.28 billion, which increased 46% year over year. The top line surpassed the Zacks Consensus Estimate of $3.25 billion. Fifth Third’s NII (on an FTE basis) for the second quarter was $2.22 billion, up 48% year over year. This improvement primarily reflected the full-quarter contribution from Comerica. Organic loan production, continued fixed-rate asset repricing and disciplined liability management also aided growth. The net interest margin (NIM) (on an FTE basis) increased to 3.36% from 3.12% in the year-ago quarter. Non-interest income rose 41% year over year to $1.06 billion. The increase was primarily driven by higher wealth and asset management revenues, commercial payments revenues, consumer banking revenues, capital markets fees and commercial banking revenues, partly offset by a decline in mortgage banking net revenues. Non-interest expenses surged 67% year over year to $2.11 billion. The increase was primarily due to a rise across all cost components and the inclusion of Comerica acquisition-related costs, including merger and integration expenses. The efficiency ratio was 64.3%, higher than the year-ago quarter’s 56.2%. An increase in the ratio indicates a deterioration in profitability. As of June 30, 2026, portfolio loans and leases rose 1% to $178.5 billion from the previous quarter. Total deposits increased marginally fro...

Truist Financial’s TFC second-quarter 2026 earnings of $1.23 per share handily beat the Zacks Consensus Estimate of $1.08. The bottom line was up 36.7% from 90 cents a year ago. Shares of TFC lost 1.2% in pre-market trading despite better-than-expected quarterly performance on net interest margin concerns.Results were primarily aided by a rise in net interest income (NII) and higher fee income. A higher average loan and deposit balance, as well as a decline in provisions, offered support. An increase in expenses and a decline in NIM were the undermining factors. Net income available to common shareholders was $1.52 billion, up 28.7% from the prior-year quarter. Total revenue of $5.27 billion rose 5.6% year over year. The top line beat the consensus estimate of $5.21 billion. NII was $3.62 billion compared with $3.59 billion in the second quarter of 2025. This was driven by higher earning assets and loan growth, partly offset by lower loan spreads and fixed-rate debt repricing. The net interest margin (NIM) contracted 4 basis points (bps) to 2.98%.Non-interest income was $1.64 billion, up 17.4%. This was attributable to higher investment banking and trading income, wealth management income, mortgage banking income and lending-related fees. Non-interest expense totaled $3.06 billion, up 2.3%. This was primarily due to higher personnel costs related to salaries and incentives, partly offset by lower professional fees and outside processing expenses.Profitability metrics improved alongside earnings growth. Return on average common equity was 10.4% and return on average tangible common equity was 15.4% in the quarter compared with 8.1% and 12.3%, respectively, in the prior-year period. The efficiency ratio improved to 58% from 59.9%, signaling better operating leverage. Provision for credit losses decreased to $395 million from $488 million a year ago, reflecting an allowance release in the reported quarter. The allowance for loan and lease losses was 1.51% of loans and leases held for investment, down from 1.54% a year ago.Net charge-offs (NCOs) were $414 million, up from $396 million in the year-ago quarter. NCO ratio of 0.50% of average loans and leases increased 1 bp year over year.Total non-performing assets were $1.75 billion as of June 30, 2026, up from $1.32 billion a year earlier. Non-performing loans and leases were 0.51% of loans and leases held for in...

Regions Financial Corporation RF has posted adjusted second-quarter 2026 earnings of 68 cents per share, beating the Zacks Consensus Estimate of 64 cents. Also, this compares favorably with earnings of 60 cents in the year-ago quarter. Increases in net interest income (NII), wealth management income, service charges and lower provisions supported RF’s results. However, higher non-interest expenses and securities losses played spoilsport. The results include certain non-recurring items. After considering those, net income (GAAP basis) available to common shareholders was $549 million, up 2.8% year over year. Total quarterly revenues were $1.91 billion, marginally up from the year-ago quarter. The metric missed the Zacks Consensus Estimate of $1.95 billion. NII was $1.28 billion, up 1.4% year over year, driven primarily by average loan growth, fixed-rate asset turnover and prudent management of deposit costs. The net interest margin improved 1 basis point year over year to 3.66%. Non-interest income declined 2.5% year over year to $630 million. Higher service charges on deposit accounts, wealth management income, card and ATM fees, and capital markets income were more than offset by lower mortgage income and higher securities losses. Non-interest expenses increased 4.5% year over year to $1.12 billion. Adjusted non-interest expenses moved up 4% to $1.12 billion. The increase was mainly due to higher salaries and employee benefits, equipment and software expenses, net occupancy expenses, outside services, and branch consolidation, property and equipment charges. The efficiency ratio rose to 58.3% from 56% a year ago. A higher efficiency ratio indicates decreasing profitability. As of June 30, 2026, total loans increased 1.3% on a sequential basis to $99.2 billion, supported by commercial and industrial activity, and broader business lending momentum. Total deposits were $130.7 billion, which decreased 0.9% from the previous quarter. Non-performing assets (excluding more than 90 days past due), as a percentage of loans, foreclosed properties and non-performing loans held for sale, decreased to 0.69% from the year-ago quarter’s 0.84%. Non-performing loans, excluding loans held for sale as a percentage of net loans, were 0.67%, down from 0.80% in the prior-year quarter. A provision for credit losses of $68 million was recorded in the quarter, down 46% from the yea...

Interested in The PNC Financial Services Group, Inc? Here are five stocks we like better. PNC posted a strong second quarter with net income of $2.1 billion and adjusted diluted EPS of $4.85, driven by broad-based business momentum, stronger fee income, and continued commercial loan growth. Revenue growth was led by net interest income and fees, as total revenue rose 12% quarter over quarter to $6.9 billion. Fee income jumped 10% on record M&A advisory activity and gains across capital markets, asset management, card, and mortgage businesses. Credit quality and capital returns remained solid, with nonperforming loans, delinquencies, and charge-offs improving. PNC also raised its quarterly dividend 18% and returned $1.3 billion to shareholders through dividends and buybacks. Fiserv’s Debit Network Talks Raise a Bigger Question for Visa and Mastercard The PNC Financial Services Group (NYSE:PNC) reported what Chairman and CEO Bill Demchak called an “impressive” second quarter, with management pointing to broad-based business momentum, stronger fee income, continued commercial loan growth and stable credit quality. PNC generated second-quarter net income of $2.1 billion, or $4.81 per diluted share. Demchak said results included FirstBank integration costs and other significant items that collectively reduced earnings per share by $0.04, resulting in adjusted diluted EPS of $4.85. → 3 Space Stocks That Could Outshine SpaceX After Its IPO Big Bank Earnings Gave Financials a Lift, But Wall Street Is Still Cautious “Business momentum remains really strong,” Demchak said. “We continue to win new clients and deepen existing relationships.” He cited healthy growth in demand deposit accounts, increased client acquisition across corporate and private banking, and higher net interest income supported by commercial loan growth and favorable deposit mix and pricing. Chief Financial Officer Rob Reilly said total revenue was $6.9 billion in the second quarter, up $710 million, or 12%, from the first quarter. Net interest income was $4.1 billion, up $146 million, helped by commercial loan growth and higher non-interest-bearing deposit balances. Net interest margin rose one basis point to 2.96%. → The SK Hynix IPO and 2027’s AI Memory Squeeze PNC Prepping for Its Best Year—Is Anyone Noticing? Fee income was a standout in the quarter, increasing $200 million, or 10%, to $2.3 bil...

For the quarter ended June 2026, The PNC Financial Services Group, Inc (PNC) reported revenue of $6.9 billion, up 21.3% over the same period last year. EPS came in at $4.85, compared to $3.85 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $6.44 billion, representing a surprise of +7.13%. The company delivered an EPS surprise of +7.54%, with the consensus EPS estimate being $4.51. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how The PNC Financial Services Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency ratio: 60% versus the four-analyst average estimate of 58.9%. Total nonperforming assets: $2.15 billion compared to the $2.55 billion average estimate based on four analysts. Book value per common share: $145.52 versus the four-analyst average estimate of $146.34. Total interest-earning assets - Average balance: $555.01 billion versus the four-analyst average estimate of $552.4 billion. Net charge-offs to average loans: 0.3% compared to the 0.3% average estimate based on four analysts. Net interest margin: 3% versus the four-analyst average estimate of 3%. Total nonperforming loans: $2.03 billion versus the three-analyst average estimate of $2.45 billion. Tier 1 risk-based ratio: 11.1% versus 11.3% estimated by two analysts on average. Leverage Ratio: 9% versus 9% estimated by two analysts on average. Net interest income (Fully Taxable-Equivalent - FTE) (non-GAAP): $4.13 billion versus the four-analyst average estimate of $4.12 billion. Total Noninterest Income: $2.77 billion versus $2.33 billion estimated by four analysts on average. Net Interest Income: $4.11 billion compared to the $4.09 billion average estimate based on four analysts. View all Key Company Metrics for The PNC Financial Services Group here>>> Shares of The PNC Financial Services Group have returned +7.3% over the past month versus the Zacks...

The PNC Financial Services Group, Inc. PNC has delivered adjusted earnings per share of $4.85 in the second quarter of 2026, beating the Zacks Consensus Estimate of $4.51 and up from $3.85 a year ago. Results reflected higher net interest income (NII), strong fee income growth, an improvement in the net interest margin (NIM) and solid loan growth. However, higher expenses and a decline in the deposit balance were headwinds. Given the concern, PNC shares were down nearly 3.8% in the early trading session. A full day’s trading session will depict a clearer picture. Results excluded FirstBank integration costs and certain significant items. After considering those, net income (GAAP basis) was $2.06 billion, which rose 25.1% from the year-ago quarter. Quarterly revenues were $6.88 billion, up 21.4% year over year. The top line surpassed the Zacks Consensus Estimate of $6.44 billion. NII rose to $4.1 billion in the quarter, increasing 15.5% from the year-ago period. The company’s NIM improved to 2.96%, expanding 16 basis points year over year, as the bank benefited from commercial loan growth, higher non-interest-bearing deposit balances, the FirstBank acquisition and lower funding costs. Non-interest income totaled $2.8 billion, up 31.4% from the second quarter of 2025, reflecting improvement across all fee categories. Within fee income lines, capital markets and advisory revenues surged 79.8% from last year, while asset management and brokerage revenues, card and cash management revenues, lending and deposit services revenues, and residential and commercial mortgage revenues also increased. Noninterest expenses increased to $4.1 billion, up 21.1% year over year. The rise reflected increased business activity, higher marketing expenses, continued investments to support growth and FirstBank operating expenses. PNC incurred $127 million of integration costs (pre-tax) in the second quarter of 2026 related to the FirstBank acquisition. Expenses also included a $140-million contribution to the PNC Foundation. The efficiency ratio was 60%, unchanged from the prior-year quarter. Total loans increased 1.9% sequentially to $367.9 billion, driven by commercial loan growth and strong new production. Total deposits declined 1.7% sequentially to $449.8 billion. Total non-performing loans were $2.03 billion, down 3.8% from the year-ago quarter. Net loan charge-offs were $226...

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. PNC Financial Services Group has returned 114.2% over the past three years, and the latest intrinsic value work using the Excess Returns model points to the stock trading at a discount to that estimate, while the broader valuation checks present a more mixed picture. The 114.2% three year return puts PNC Financial Services Group in focus for investors asking whether the recent gains are already pricing in much of the good news. Expansion projects such as the planned branch build out in Atlanta and ongoing technology investment including the redesigned mobile app can support the growth case. Integration costs from recent deals and any shift in asset quality remain key risks for what the stock is worth. On Simply Wall St's broader checks, PNC Financial Services Group scores 4 out of 6 on valuation, which points to a mixed picture rather than a clear bargain or clear overvaluation. The stock's next move may depend on whether the current price still offers a reasonable margin to the intrinsic value suggested by the Excess Returns model, or whether recent strength has largely closed that gap. PNC Financial Services Group delivered 34.3% returns over the last year. See how this stacks up to the rest of the Banks industry. The Excess Returns model for PNC Financial Services Group looks at how much profit the bank is expected to earn on its equity relative to the return shareholders require. For PNC, book value is estimated at $143.64 per share and is projected to move toward a stable level of $158.21 per share, with stable EPS of $21.23 per share based on analyst return on equity estimates. With an average return on equity of 13.42% versus a cost of equity of $11.61 per share, the model implies an excess return of $9.63 per share. This supports an intrinsic value estimate of about $411.73 per share. That is roughly 38.8% above the current share price, so on this framework the stock screens as undervalued. Because the Q2 2026 earnings outlook includes higher integration and technology expenses, the ongoing spend on growth initiatives helps explain why the market may still be pricing PNC more cautiously than the Excess Returns valuation implies. On balance, the Excess Returns work suggests PNC Financial Services Group currently l...

PNC Financial Services Group reported record quarterly revenue of $6.88 billion on Wednesday, up 21% from a year earlier, as surging capital markets activity and the addition of FirstBank drove broad gains across the business. Net income for the second quarter came in at $2.06 billion, or $4.81 per diluted share, a 25% increase from the same period a year ago. On an adjusted basis, which excludes FirstBank integration costs and other one-time items, diluted earnings per share were $4.85, compared with $3.85 a year earlier, the company said. Capital markets and advisory revenue rose to $577 million, up 80% from last year, thanks to record M&A advisory fees and strong results in other capital markets areas. Total fee income was $2.28 billion, a 20% increase from the second quarter of 2025. Net interest income totaled $4.11 billion, a 16% year-over-year increase, reflecting contributions from commercial loan growth, the FirstBank deal and a decline in deposit costs. Net interest margin expanded 16 basis points year over year to 2.96%. Average loans totaled $363.2 billion, up 13% from a year earlier, and average deposits climbed 8% to $457 billion, the company said. PNC completed its $4.1 billion acquisition of Colorado- and Arizona-based FirstBank in January, according to Reuters. As of June 22, PNC converted approximately 780,000 customers, more than 1,620 employees and 95 branches, merging FirstBank into PNC Bank, the company said. The quarter included several notable one-time items. PNC recorded a $448 million gain tied to a partial exchange of its Visa Class B-2 holdings. Working against that gain were a $140 million charitable contribution to the PNC Foundation, a $139 million charge stemming from the sale of approximately $4 billion in investment securities that were rotated into higher-yielding alternatives, and $85 million in negative fair value adjustments on Visa Class B-3 derivative positions. The combined impact reduced net income by $15 million, or 4 cents per share, the company said. Credit quality remained stable. Net loan charge-offs were $226 million, or 0.25% of average loans on an annualized basis, while nonperforming loans fell 10% from the prior quarter to $2.03 billion. PNC's board raised the quarterly common stock dividend 18% to $2.00 per share, payable August 5 to shareholders of record as of July 20. The company returned $1.3 billion t...

PNC Financial Services Group (NYSE:PNC) reported stronger-than-expected second-quarter results after record capital markets revenue and solid loan growth helped lift earnings above Wall Street expectations. The bank’s shares edged higher in premarket trading following the announcement. PNC posted adjusted earnings per share of 4.85 dollars for the second quarter, exceeding analysts’ consensus estimate of 4.47 dollars. Revenue rose to 6.88 billion dollars, ahead of the expected 6.5 billion dollars and up 21 percent from the same period last year. Following the results, the bank’s shares gained around 0.5 percent in premarket trading. A key driver of the quarter was record capital markets and advisory revenue, which climbed 80 percent year on year to 577 million dollars. Net interest income increased 16 percent to 4.1 billion dollars, supported by continued commercial loan growth and higher balances in noninterest-bearing deposits. Fee income also strengthened, rising 20 percent from a year earlier to 2.3 billion dollars. Chief Executive Officer Bill Demchak said: “Our strong second quarter performance reflects the disciplined execution of our growth strategy and positions us well for the second half of the year.” Average loans increased by 40.4 billion dollars, or 13 percent year on year, to 363.2 billion dollars, led by growth in commercial lending. Average deposits rose 8 percent to 457.0 billion dollars. Net loan charge-offs totalled 226 million dollars during the quarter, representing 0.25 percent of average loans. Adjusted earnings excluded 0.04 dollars per share of integration costs associated with the FirstBank acquisition, along with several one-off items, including a 448 million dollar gain from the Visa exchange programme, which was largely offset by a 140 million dollar contribution to the PNC Foundation, a 139 million dollar securities loss and an 85 million dollar negative adjustment related to Visa derivatives. PNC completed the conversion of FirstBank on 22 June 2026, integrating approximately 780,000 customers, 1,620 employees and 95 branches into its operations. The bank also announced an 18 percent increase in its quarterly dividend to 2.00 dollars per share. During the quarter, PNC returned 1.3 billion dollars to shareholders through dividends and share repurchases. Its Common Equity Tier 1 capital ratio was estimated at 9.9 percent at the...

PNC Financial Services Group (PNC) reported Q2 adjusted earnings Wednesday of $4.85 per share, up fr

The PNC Financial Services Group, Inc (PNC) came out with quarterly earnings of $4.85 per share, beating the Zacks Consensus Estimate of $4.51 per share. This compares to earnings of $3.85 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +7.54%. A quarter ago, it was expected that this company would post earnings of $4.12 per share when it actually produced earnings of $4.32, delivering a surprise of +4.85%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The PNC Financial Services Group, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $6.9 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 7.13%. This compares to year-ago revenues of $5.69 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The PNC Financial Services Group shares have added about 20.7% since the beginning of the year versus the S&P 500's gain of 10.2%. While The PNC Financial Services Group has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for The PNC Financial Services Group was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform i...