PNC Announces Planned Common Stock Dividend Increase to $2.00 Per Share

Q: When will PNC’s board consider the planned $2.00 dividend for PNC stock?

PNC expects its board to review the planned $2.00 quarterly dividend at its July 6, 2026 meeting. According to PNC, the recommendation aligns with its current capital plan and would apply starting in the third quarter of 2026 if approved.

Q: How did PNC perform in the Federal Reserve’s 2026 CCAR stress test?

PNC reported a 0.3% start-to-minimum CET1 depletion over the 2026 CCAR stress horizon. According to PNC, this result reflects the best performance in its peer group under the Supervisory Severely Adverse scenario and supports its planned dividend increase.

Q: What is PNC’s CET1 ratio compared with its capital requirement in 2026?

PNC reported a CET1 ratio of 10.1% as of March 31, 2026. According to PNC, this significantly exceeds its 7.0% SCB-based requirement, which combines the 4.5% regulatory minimum with a 2.5% stress capital buffer.

Q: What is PNC’s current stress capital buffer and how long will it stay in place?

PNC’s stress capital buffer is set at 2.5% , the current regulatory minimum. According to PNC, this level will remain until a new SCB, based on a 2027 supervisory stress test, becomes effective on October 1, 2027.

Q: Is PNC’s planned dividend increase consistent with its capital plan?

The planned move to a $2.00 quarterly dividend is described as consistent with PNC’s approved capital plan. According to PNC, the recommendation follows strong CCAR stress test results and current capital levels that exceed regulatory requirements.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

PNC (NYSE: PNC) plans to recommend an 18% increase in its quarterly common stock dividend, raising it by $0.30 to $2.00 per share starting in the third quarter of 2026, subject to board approval on July 6, 2026.

PNC reported strong 2026 Federal Reserve CCAR stress test results, with a 0.3% start-to-minimum CET1 depletion, described as the best in its peer group. Its CET1 ratio was 10.1% on March 31, 2026, above its 7.0% SCB-based requirement. PNC’s stress capital buffer will remain at 2.5% until a new requirement takes effect Oct. 1, 2027.

Positive

Planned quarterly common dividend increase to $2.00 per share in Q3 2026
Dividend up $0.30 per share, an 18% planned increase
Start-to-minimum CET1 depletion of 0.3% in 2026 CCAR stress test
CET1 ratio of 10.1% vs 7.0% SCB-based requirement as of March 31, 2026
Stress capital buffer maintained at 2.5% through at least Oct. 1, 2027

Negative

None.

News Market Reaction – PNC

+2.23%

+2.23% Session close to close

In the Jun 25 session, PNC gained 2.23%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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06/25/2026 - 08:19 AM

PITTSBURGH, June 25, 2026 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced that it plans to recommend to its board of directors an increase in the quarterly cash dividend on common stock of $0.30 per share, or 18%, to $2.00 per share in the third quarter of 2026, consistent with the current capital plan approved by its board. PNC's board of directors is expected to consider this recommendation at its next scheduled meeting July 6, 2026.

PNC received the results of the Federal Reserve's 2026 Comprehensive Capital Analysis and Review (CCAR). The Federal Reserve's CCAR disclosure included its estimate of PNC's minimum capital ratios for the period from the first quarter of 2026 through the first quarter of 2028 under the hypothetical Supervisory Severely Adverse scenario. Based on PNC's strong results, PNC's start to minimum Common Equity Tier 1 (CET1) depletion during the stress test horizon is 0.3%, which reflects the best performance in our peer group. Consistent with the Federal Reserve's announcement Feb. 4, 2026, PNC's stress capital buffer (SCB) will be maintained at the current regulatory minimum of 2.5% until PNC and other firms receive a new SCB requirement based on the results of a supervisory stress test to be conducted in 2027, which would be effective Oct. 1, 2027. PNC's CET1 ratio of 10.1% as reported for March 31, 2026, significantly exceeds PNC's SCB-based requirement of 7.0%, which is comprised of the regulatory minimum (4.5%) plus our SCB (2.5%), reflecting PNC's continued robust capital levels.

The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

Cautionary Statement Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act regarding our outlook or expectations for planned capital actions. Forward-looking statements are necessarily subject to numerous assumptions, risks and uncertainties, which change over time. Future events or circumstances may change our outlook and may also affect the nature of the assumptions, risks and uncertainties to which our forward-looking statements are subject. These forward-looking statements speak only as of the date of this press release, and we assume no duty, and do not undertake, to update them. Actual results or future events could differ, possibly materially, from those that we anticipated in these forward-looking statements. As a result, we caution against placing undue reliance on any forward-looking statements. Forward-looking statements are subject to the risks and uncertainties that are disclosed in PNC's 2025 Form 10-K, including in Item 1A. Risk Factors, and in PNC's subsequent SEC filings. Our SEC filings are accessible on the SEC's website at www.sec.gov and on our corporate website at www.pnc.com/secfilings.

CONTACTS

MEDIA:
Anne Pace
(631) 338-3268
anne.pace@pnc.com

INVESTORS:
Bryan Gill
(412) 768-4143
investor.relations@pnc.com

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SOURCE The PNC Financial Services Group, Inc.

FAQ

What dividend increase did PNC (NYSE: PNC) announce for Q3 2026?

PNC plans to recommend raising its quarterly common dividend to $2.00 per share, up $0.30 or 18%. According to PNC, this higher dividend would begin in the third quarter of 2026, pending board approval on July 6, 2026.

When will PNC’s board consider the planned $2.00 dividend for PNC stock?

PNC expects its board to review the planned $2.00 quarterly dividend at its July 6, 2026 meeting. According to PNC, the recommendation aligns with its current capital plan and would apply starting in the third quarter of 2026 if approved.

How did PNC perform in the Federal Reserve’s 2026 CCAR stress test?

PNC reported a 0.3% start-to-minimum CET1 depletion over the 2026 CCAR stress horizon. According to PNC, this result reflects the best performance in its peer group under the Supervisory Severely Adverse scenario and supports its planned dividend increase.

What is PNC’s CET1 ratio compared with its capital requirement in 2026?

PNC reported a CET1 ratio of 10.1% as of March 31, 2026. According to PNC, this significantly exceeds its 7.0% SCB-based requirement, which combines the 4.5% regulatory minimum with a 2.5% stress capital buffer.

What is PNC’s current stress capital buffer and how long will it stay in place?

PNC’s stress capital buffer is set at 2.5%, the current regulatory minimum. According to PNC, this level will remain until a new SCB, based on a 2027 supervisory stress test, becomes effective on October 1, 2027.

Is PNC’s planned dividend increase consistent with its capital plan?

The planned move to a $2.00 quarterly dividend is described as consistent with PNC’s approved capital plan. According to PNC, the recommendation follows strong CCAR stress test results and current capital levels that exceed regulatory requirements.