PNC Financial Services Group (PNC) Stock News

PNC Financial Services Group (NYSE: PNC) reported third-quarter 2026 net income of $2.1 billion, higher than the previous quarter and year. Diluted earnings per share were $4.97, versus $4.81 in the second quarter and $4.35 a year earlier; adjusted EPS was $5.09. Revenue of $6.562 billion fell 5% sequentially but rose 11% year over year. Net interest income increased 2% sequentially, while fee income fell 6%. Noninterest expense declined 8%, and the efficiency ratio improved to 57%.

Average loans rose 2% sequentially to $372.2 billion, and average deposits increased 1% to $461.2 billion. Nonperforming loans rose 8% to $2.2 billion; net charge-offs were $257 million, including $35 million from transferring student loans to held-for-sale. The estimated common equity tier 1 capital ratio was 9.8%. PNC repurchased $0.6 billion of shares and expects fourth-quarter repurchases to approximate that level.

PNC Financial Services Group (NYSE: PNC) will redeem all outstanding senior notes from a $1.25 billion issuance on October 20, 2026.

The 6.615% Fixed Rate/Floating Rate Senior Notes were originally scheduled to mature on October 20, 2027. The redemption price will equal 100% of principal, plus any accrued and unpaid interest to the redemption date.

PNC Bank (PNC) has been named the Most Trusted Bank in Investor's Business Daily's 2026 survey of financial companies. PNC ranked first among banks, with customers citing client service, protection of their information and a secure banking experience.

The recognition forms part of IBD's annual Most Trusted Financial Companies research, which evaluates consumer perceptions across trust-related attributes. The 2026 rankings cover banking, investing, insurance and credit cards. PNC described the recognition as validation of its client-first approach.

The PNC Financial Services Group (NYSE: PNC) declared a quarterly common-stock cash dividend of $2.00 per share, payable Nov. 5, 2026.

Common shareholders must be holders of record at the close of business Oct. 14, 2026. The board also declared preferred-stock dividends: $0.45 per Series B share and $18.13 per Series X share. Dividends per depositary share are $25.00 for Series S, $17.8775 for T, $15.00 for U, $15.50 for V and $15.6250 for W. Preferred payment dates range from Oct. 29 to Dec. 15, 2026.

PNC Financial Services Group (PNC) will redeem all 525,000 outstanding depositary shares representing its Series S preferred stock on November 2, 2026.

The $525 million redemption was originally scheduled for November 1 but shifts because that date is a non-business day. PNC will pay $1,000 per depositary share; each represents a 1/100th interest in a Series S preferred share. The redemption price excludes declared but unpaid dividends. Any semiannual dividend declared but unpaid before redemption will be paid on the redemption date.

Harris Williams (PNC) has hired Tucker Laurens as a managing director in its Financial Sponsor Coverage Group, adding more than 15 years of investment banking experience to the firm.

Laurens previously served as a managing director in the Financial Sponsors Group at Solomon Partners, which he helped establish and build, and earlier spent over a decade at Stephens, including eight years in its Financial Sponsors Group. At Harris Williams he will work across industry and product teams to deepen relationships with private equity investors and connect them with the firm’s sector expertise and advisory capabilities.

PNC Bank (PNC) released its 2026 Financial Wellness in the Workplace Report on U.S. workers’ and employers’ financial preparedness and benefit usage.

The survey of 1,000 workers and 500 employers finds a gap between everyday financial confidence and readiness for complex decisions such as retirement, investing and healthcare costs. While 71% of workers feel confident creating a savings plan, only 33% show high proficiency in foundational financial knowledge. Eighty-five percent worry about personal finances during the workday and spend an average of 3.5 hours per week doing so.

The report highlights misaligned perceptions of retirement readiness, differing views of the economy, limited access to financial education benefits, and higher confidence among workers who have used financial advisors. It also notes employers’ growing use of data and artificial intelligence in benefits and HR decisions.

PNC Bank (PNC) announced that it is increasing its prime lending rate to 7.00%, effective September 17, 2026.

PNC Bank, National Association, is part of The PNC Financial Services Group and provides retail and business banking, corporate banking, real estate finance, asset-based lending, wealth management and asset management services across the United States.

PNC (PNC) launched PNC Workplace Advantage, a workplace banking program aimed at helping employers enhance benefits while supporting employees’ financial confidence and well-being.

The program, part of PNC’s Financial Wellness Solutions platform, targets companies with 100 or more employees and offers enhanced banking rewards, personalized financial guidance from dedicated wellness professionals, flexible virtual or onsite banking access, and financial education via live seminars and digital resources. Employees who open a qualifying PNC checking account and set up an eligible direct deposit through their employer can enroll in the PNC TotalRewards Silver Tier, a benefit level typically reserved for customers with at least $25,000 in deposits and investments. Workplace Advantage complements other offerings such as PNC EarnedIt, education benefits, PNC BeneFit Plus Health Savings and Benefit Spending Accounts, retirement services and broader financial education, allowing employers to tailor financial wellness benefits to diverse workforce needs.