The bank reported net income of $2.10 billion and a return on average tangible common equity of 18.28%. Net loan charge-offs climbed 44% to $257 million, and the bank paid a dividend of $2.00 per share while conducting $0.6 billion in share repurchases. PNC expects to maintain repurchases at levels similar to those in the third quarter throughout the fourth quarter.
Tuesday, October 20, 2026
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PNC Reports Q3 Revenue Miss of $6.56B on Higher Funding Costs
Earnings6 days ago
Earnings per share at PNC Financial reached $4.97 for the most recent quarter, exceeding analyst estimates of $4.92. Revenue came in at $6.56 billion, missing the $6.61 billion forecast as rising funding costs pressured net interest income, which nonetheless grew 15% year-over-year to $4.21 billion. Shares of the bank fell 2.1% in premarket trading following the release.
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