AI interpretation based on checked source excerpts. Issuer assertions and evidence limitations remain explicit.
Policy quality-scores-3: six equally weighted categories. The overall score requires full coverage. Missing inputs are not zero. Qualitative grades are sourced interpretations, not probabilities. 5/6 · 29/10/2026
Moat—
Insufficient evidence for every rubric criterion; no category score is inferred.
structural advantage · — · Broad product capabilities and organic account growth establish franchise activity, but neither demonstrates a structural cost advantage, protected asset or customer switching burden. The catalog lacks sufficient evidence to distinguish a durable competitive advantage from effective participation in banking.
durability · — · Current engagement and commercial relationship expansion are encouraging, but their persistence under adverse pricing or competitive conditions is unestablished. Competition disclosures describe possible pressure rather than realized franchise failure; they cannot resolve the missing evidence about advantage duration.
customer dependency · — · Checking growth, card purchases and expanded deposit relationships show customers using PNC. They do not establish dependence on its systems or material disruption from switching. Product breadth alone does not demonstrate that customers buy multiple products or face costly migration.
erosion resilience · — · Customer additions coexist with sequential retail deposit declines and higher funding rates. These observations permit assessments of engagement and pricing outcomes, but do not show whether a particular structural advantage resisted erosion. Missing moat evidence is not treated as demonstrated competitive weakness.
Pricing power50
Equal-weight average of four evidence-backed rubric grades (0–4), scaled to 100.
realized pricing · 2/4 · Interest-bearing deposit rates declined 18 basis points sequentially in first-quarter 2026. Third-quarter rates were 34 basis points lower year over year but increased 7 basis points sequentially. These are mixed realized funding-price outcomes; monetary conditions and balance-sheet mix prevent attributing them entirely to franchise pricing power.
retention · 2/4 · Approximately 215,000 organic net new checking accounts year to date, higher card purchase volumes and expanded commercial deposit relationships provide indirect evidence of engagement and repeat demand. Sequential retail deposit declines temper that evidence. These measures are not direct customer retention rates.
margin resilience · 2/4 · Third-quarter taxable-equivalent net interest margin was 2.94%, above 2.79% a year earlier but below 2.96% sequentially. This demonstrates mixed resilience alongside higher sequential deposit rates. Interest rates, acquisition contributions and asset repricing limit attribution to durable customer pricing protection.
contractual freedom · 2/4 · Actual deposit repricing demonstrates discretion over offered funding terms, while competition constrains pricing. Disclosed unfunded lending commitments cannot be canceled unilaterally and unconditionally at PNC's option. Together these support mixed commercial flexibility, without establishing broad rights to reprice existing lending or service contracts.
Predictability100
Financial-sector stability over 5 consecutive reported annual periods: equal weights for nondeclining revenue frequency, revenue-growth volatility (5–40pp), positive consolidated earnings frequency, and net-income/revenue margin volatility (3–20pp). Uses reported accounting scope; not industrial FCF or a growth forecast.
- Nondeclining revenue years (%)
- 100.00
- Revenue growth volatility (pp)
- 3.92
- positiveEarningsShare
- 100.00
- netMarginStdDev
- 1.47
- observedAnnualPeriods
- 5.00
Financial strength56
Qualitative bank assessment: equal-weight average of four current evidence-backed grades (0–4), scaled to 100. Policy financial-industry-1; not an industrial ratio score or credit rating.
capital adequacy · 2/4 · Estimated September 2026 CET1 was 9.8%, tier 1 11.0% and total capital 12.6%. Tier 1 and total capital exceed the disclosed PNC well-capitalized benchmarks of 6.0% and 10.0%. Declining ratios temper strength; the 2.5% SCB is separately disclosed, without inferring additional distribution thresholds.
liquidity funding · 2/4 · September deposits increased and quarter-end borrowing declined sequentially, with loans equal to 81% of deposits. Seasonal commercial funding and a sequential decline in the noninterest-bearing mix temper stability. Balance-sheet evidence supports mixed funding strength; current liquidity coverage and available contingent liquidity are not supplied.
asset liability risk · 2/4 · September nonperforming loans were 0.58% of total loans and quarterly annualized charge-offs were 0.28% of average loans. Sequential nonperformers and charge-offs increased while coverage declined. Transfer charges explain part of the increase, but commercial deterioration, worsening AOCI and disclosed repricing mismatches retain material credit and rate risks.
earnings resilience · 3/4 · Third-quarter net income increased 15% year over year to $2.097 billion, while nine-month income rose 19% to $5.924 billion. Earnings remained positive despite funding and integration pressures. Acquisition contributions and significant items limit organic comparability, and the disclosed period does not establish exceptional full-cycle resilience.
Capital allocation56
Qualitative bank assessment: equal-weight average of four current evidence-backed grades (0–4), scaled to 100. Policy financial-industry-1; not an industrial ratio score or credit rating.
capital efficiency · 3/4 · Third-quarter return on average common shareholders' equity was 13.89%, versus 13.61% sequentially and 13.24% a year earlier. Non-GAAP tangible common equity return was 18.28%, using a smaller denominator. These demonstrate strong current consolidated equity efficiency, without proving superior peer economics or acquisition-specific returns.
distributions and buffers · 2/4 · Third-quarter common dividends and repurchases totaled $1.4 billion against $2.097 billion of consolidated net income. Regulatory ratios exceeded disclosed well-capitalized benchmarks, but capital ratios and common equity declined sequentially. Earnings coverage supports distributions, while falling buffers prevent a stronger assessment of their calibration.
dilution and cost · 2/4 · Period-end common shares declined sequentially to 397 million from 399 million but exceeded 392 million a year earlier; issued shares also increased from December 2025. The approved incentive reserve represents potential issuance, not realized dilution. These mixed financing outcomes are assessable, although comprehensive equity-compensation cost is unavailable.
investment discipline · 2/4 · FirstBank required $4.2 billion of cash-and-common consideration plus $0.1 billion of preferred consideration. First-half integration expenses were $218 million, and customer conversion was completed. These establish spending and operational delivery, but acquisition-specific earnings, synergies and returns remain insufficient to demonstrate strong investment discipline.
Management63
Equal-weight average of four evidence-backed rubric grades (0–4), scaled to 100.
capital discipline · 2/4 · Profitable operations supported actual shareholder distributions, while quarter-end borrowing declined sequentially. Acquisition consideration and integration spending represent substantial deployment, and regulatory ratios declined. These outcomes support mixed discipline; completed conversion does not establish that the acquisition earned an adequate investment return.
incentive alignment · 3/4 · Executive ownership requirements, continuing retention of vested equity and reported compliance at December 31, 2025 demonstrate implemented alignment mechanisms. An adopted recoupment policy adds financial-reporting accountability. These support strong alignment, without proving exceptional compensation effectiveness or importing unavailable performance-award and vesting details.
execution · 3/4 · Completed conversion of approximately 780,000 FirstBank customers, organic checking-account additions and higher quarterly and year-to-date earnings demonstrate strong execution. These are issuer-reported achievements. Acquisition contributions and significant items limit comparisons, and successful operational conversion does not establish acquisition-level financial returns.
governance · 2/4 · Actual director elections with annual terms and management's effective disclosure-controls conclusion support functioning governance processes. FirstBank was excluded from internal-control reporting for June 2026, limiting coverage. The supplied evidence establishes oversight mechanisms but does not demonstrate exceptional board independence or sustained oversight effectiveness.
Evidence
Grow our client base by providing diversified financial products and services on a national basis PNC Strategic Priorities Leverage technology to provide best-in-class client service as well as ensure safety and soundness Enhance our brand by doing right by our constituents: our customers, communities, employees and shareholders Retail Banking Organically added ~215k net new checking accounts YTD; strong expansion market1 momentum Grew average credit card balances +12% YoY and purchase volumes +10% YoY Retail brokerage assets grew 9% YoY to $97 billion Corporate & Institutional Banking Average loans grew 17% YoY Added ~500 new Corporate & Commercial Banking clients in the expansion markets1 YTD YTD Treasury Management revenue grew 8% Asset Management Group Assets under administration of ~$500 billion; +13% YoY New asset production up 28% YoY AUM in expansion markets1 is growing 5x faster than legacy markets1
Third-quarter 2026 earnings presentation, slide 4, business highlights · Filed 15/10/2026
In each comparison, the increase included higher commercial interest-bearing deposits, reflecting new and expanded client relationships.
Third-quarter 2026 financial highlights, deposit relationship growth · Filed 15/10/2026
We offer a broad range of deposit, credit and fee-based products and services to serve our customers.
2025 Form 10-K, business overview, product breadth · Filed 20/02/2026
▪Competition can have an impact on customer acquisition, growth and retention and on credit spreads and product pricing, which can affect market share, deposits and revenues.
Third-quarter 2026 financial highlights, competition risk · Filed 15/10/2026
▪Average deposits decreased 2%, primarily due to lower consumer interest-bearing and noninterest-bearing deposit balances.
Third-quarter 2026 financial highlights, sequential retail deposits · Filed 15/10/2026
Consolidated Average Deposit Balances Av er ag e ba la nc es , $ b ill io ns Spot Consumer Deposits $ bi lli on s Spot Commercial Deposits $ bi lli on s $146 $149 $160 9/30/25 6/30/26 9/30/26 $70 $74 $75 9/30/25 6/30/26 9/30/26 Interest-Bearing Noninterest-Bearing $188 $200 $199 9/30/25 6/30/26 9/30/26 $21 $26 $25 9/30/25 6/30/26 9/30/26 Interest-Bearing Noninterest-Bearing IB Rate Paid +7 bps LQ and (34) bps YoY Total Deposits +1% LQ and +7% YoY NIB Deposits (2)% LQ and +9% YoY Total IB Deposits +2% LQ and +6% YoY +7% $7 $4$0.4 IB ex.
Third-quarter 2026 earnings presentation, slide 8, deposit rates and balances · Filed 15/10/2026
•Net interest margin increased 11 basis points to 2.95%, reflecting an 18 basis point decline in the rate paid on interest-bearing deposits.
First-quarter 2026 Form 10-Q, net interest margin and deposit repricing · Filed 05/05/2026
NM = not meaningful. Net interest margin is calculated using taxable-equivalent net interest income, a non-GAAP measure.
Third-quarter 2026 earnings presentation, net interest margin definition · Filed 15/10/2026
Detail of Noninterest IncomeTotal Revenue $3,648 $4,107 $4,206 $2,267 $2,768 $2,356 $5,915 $6,875 $6,562 2.79% 2.96% 2.94% 3Q25 2Q26 3Q26 $ m ill io ns Net Interest Income Net Interest Margin Noninterest Income Quarter Year to Date $ millions 3Q26 LQ YoY 2026 YoY Asset management and brokerage 447 2% 11% 1,307 10% Capital markets and advisory 433 (25)% - 1,473 39% Card and cash management 769 - 4% 2,279 5% Lending and deposit services 358 3% 7% 1,044 8% Residential and commercial mortgage 135 (6)% (16)% 397 (6)% Fee income (non-GAAP) $2,142 (6)% 4% $6,500 12% Other noninterest income 214 NM 8% 828 NM Noninterest income $2,356 (15)% 4% $7,328 15% 2Q26: $218 Integration Costs and Significant Items 3Q26: $(34) Expect NIM of 3.0% or above in 4Q26
Third-quarter 2026 earnings presentation, slide 10, margin and noninterest income · Filed 15/10/2026
Unfunded lending related commitments – Standby letters of credit, financial guarantees, commitments to extend credit and similar unfunded obligations that are not unilaterally, unconditionally, cancelable at PNC’s option.
Third-quarter 2026 financial supplement, unfunded lending commitments definition · Filed 15/10/2026
Quarter Year to Date $ millions except EPS 3Q26 LQ YoY 2026 YoY Net interest income $4,206 2% 15% $12,274 15% Noninterest income 2,356 (15)% 4% 7,328 15% Total revenue $6,562 (5)% 11% $19,602 15% Noninterest expense 3,751 (8)% 8% 11,617 14% Pretax, pre-provision earnings (non-GAAP) $2,811 1% 15% $7,985 17% Provision for credit losses 189 (1)% 13% 590 (8)% Income taxes 525 (1)% 13% 1,471 23% Net income $2,097 2% 15% $5,924 19% Diluted EPS $4.97 3% 14% $13.91 19% Diluted EPS, as adjusted (non-GAAP) $5.09 5% 17% $14.26 22% 9 Strong Performance Driving PPNR Growth Income Statement Summary Note: LQ = linked quarter.
Third-quarter 2026 earnings presentation, slide 9, quarterly and year-to-date results · Filed 15/10/2026
Consolidated Financial Highlights (Unaudited)
September 30
June 30
September 30
2026
2026
2025
BALANCE SHEET DATA
Dollars in millions, except per share data and as noted
Assets
$
627,816
$
616,034
$
568,767
Loans (a)
$
378,792
$
367,953
$
326,616
Allowance for loan and lease losses
$
4,536
$
4,652
$
4,478
Interest-earning deposits with banks
$
24,670
$
22,794
$
33,318
Investment securities
$
146,370
$
149,506
$
141,523
Total deposits (a)
$
466,362
$
449,792
$
432,749
Borrowed funds (a)
$
79,757
$
85,723
$
62,344
Allowance for unfunded lending related commitments
$
850
$
809
$
775
Total shareholders' equity
$
62,353
$
64,008
$
58,990
Common shareholders' equity
$
56,474
$
58,131
$
53,235
Accumulated other comprehensive income (loss)
$
(6,472)
$
(4,120)
$
(4,077)
Book value per common share
$
142.17
$
145.52
$
135.67
Tangible book value per common share (non-GAAP) (b)
$
107.64
$
111.09
$
107.84
Period end common shares outstanding (In millions)
397
399
392
Loans to deposits
81
%
82
%
75
%
Common shareholders' equity to total assets
9.0
%
9.4
%
9.4
%
CLIENT ASSETS (In billions)
Discretionary client assets under management
$
250
$
247
$
228
Nondiscretionary client assets under administration
249
256
212
Total client assets under administration
499
503
440
Brokerage account client assets
99
99
92
Total client assets
$
598
$
602
$
532
CAPITAL RATIOS
Basel III (c)
Common equity tier 1
9.8
%
9.9
%
10.7
%
Tier 1 risk-based
11.0
%
11.1
%
12.0
%
Total capital risk-based
12.6
%
12.9
%
13.6
%
Leverage
8.9
%
9.0
%
9.2
%
Supplementary leverage
7.2
%
7.2
%
7.5
%
ASSET QUALITY
Nonperforming loans to total loans
0.58
%
0.55
%
0.65
%
Nonperforming assets to total loans, OREO, foreclosed and other assets (d)
0.61
%
0.58
%
0.70
%
Nonperforming assets to total assets
0.37
%
0.35
%
0.40
%
Net charge-offs to average loans (for the three months ended) (annualized)
0.28
%
0.25
%
0.22
%
Allowance for loan and lease losses to total loans
1.20
%
1.26
%
1.37
%
Allowance for credit losses to total loans (e)
1.42
%
1.48
%
1.61
%
Allowance for loan and lease losses to nonperforming loans
207
%
230
%
210
%
Total delinquencies (In millions) (f)
$
1,301
$
1,436
$
1,233
Third-quarter 2026 consolidated financial highlights, balance sheet, capital and asset quality · Filed 15/10/2026
In the third quarter of 2026, PNC returned $1.4 billion of capital to shareholders, reflecting $0.8 billion of dividends on common shares and $0.6 billion of common share repurchases.
Third-quarter 2026 financial highlights, actual shareholder distributions · Filed 15/10/2026
On January 5, 2026, PNC acquired FirstBank Holding Company including its banking subsidiary, FirstBank, representing $4.2 billion of consideration in cash and PNC common stock to FirstBank Holding Company common shareholders and Series A preferred shareholders, and $0.1 billion of consideration to Series B preferred shareholders through the exchange of each share of Series B preferred stock into a newly created series of preferred stock of PNC, designated Series X.
Second-quarter 2026 Form 10-Q, FirstBank acquisition consideration · Filed 05/08/2026
•Noninterest expense increased $1.1 billion, or 16%, compared to the first six months of 2025, reflecting FirstBank operating expenses, higher personnel costs as a result of increased business activity and $218 million of integration expenses related to the FirstBank acquisition, as well as a PNC Foundation contribution expense of $140 million pre-tax.
Second-quarter 2026 Form 10-Q, first-half expenses and integration spending · Filed 05/08/2026
As of June 22, 2026, PNC converted approximately 780,000 customers, more than 1,620 employees and 95 branches across Colorado and Arizona, merging FirstBank into PNC Bank.
Third-quarter 2026 financial supplement, completed FirstBank conversion · Filed 15/10/2026
Additionally, the Executive Stock Ownership Policy includes an ongoing retention requirement that provides that as new equity awards vest, NEOs must retain a certain percentage of the underlying stock, which they must generally hold until they retire or leave PNC.
2026 proxy statement, executive equity retention policy · Filed 11/03/2026
The following table sets forth the base ownership requirements and ongoing retention requirements for the CEO, President, and other executive officers:
Officer/Category
Base ownership
requirement
(multiple of base
salary)
Ongoing retention
requirement
(as a % of newly vested
equity)
CEO
6x
33%
President
3x
33%
All Other NEOs
3x
25%
THE PNC FINANCIAL SERVICES GROUP, INC.
2026 proxy statement, executive ownership and retention requirements · Filed 11/03/2026
As of December 31, 2025, all our NEOs (excluding Mr.
2026 proxy statement, ownership compliance date and exclusion context · Filed 11/03/2026
Parsley, who no longer served as an executive officer on December 31, 2025) were in compliance with their applicable base ownership requirement and ongoing retention requirement.
2026 proxy statement, executive ownership and retention compliance · Filed 11/03/2026
The Dodd-Frank Recoupment Policy requires us to recoup any excess incentive compensation paid to current or former executive officers based on financial statements that were required to be restated due to material noncompliance with financial reporting requirements, without regard to any fault or misconduct.
2026 proxy statement, adopted recoupment policy · Filed 11/03/2026
(1) The election of the 13 director nominees named in the Corporation’s proxy statement to serve until the next annual meeting and until their successors are elected and qualified;
April 2026 Form 8-K, annual director election terms · Filed 24/04/2026
(1) The 13 director nominees named in the Corporation’s proxy statement were elected.
April 2026 Form 8-K, actual director election outcome · Filed 24/04/2026
Based on that evaluation, our Chairman and Chief Executive Officer and our Executive Vice President and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934) were effective as of June 30, 2026, and that there has been no change in PNC’s internal control over financial reporting that occurred during the second quarter of 2026 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
Second-quarter 2026 Form 10-Q, management disclosure-controls conclusion · Filed 05/08/2026
excluded FirstBank from management’s reporting on internal control over financial reporting for the quarter ended June 30, 2026.
Second-quarter 2026 Form 10-Q, FirstBank internal-control reporting exclusion · Filed 05/08/2026
Amount
Ratios
December 31
Dollars in millions
2025
2024
2025
2024
“Well Capitalized” Requirements
Risk-based capital
Common equity tier 1
PNC
$
47,259
$
44,467
10.6
%
10.5
%
N/A
(b) (c)
PNC Bank
$
51,936
$
49,306
11.9
%
11.9
%
6.5
%
Tier 1
PNC
$
53,016
$
50,216
11.9
%
11.9
%
6.0
%
PNC Bank
$
51,936
$
49,306
11.9
%
11.9
%
8.0
%
Total
PNC
$
60,032
$
57,330
13.5
%
13.6
%
10.0
%
PNC Bank
$
58,101
$
55,574
13.3
%
13.4
%
10.0
%
Leverage
PNC
$
53,016
$
50,216
9.4
%
9.0
%
N/A
(b) (d)
PNC Bank
$
51,936
$
49,306
9.3
%
8.9
%
5.0
%
2025 Form 10-K, regulatory capital ratios and well-capitalized requirements · Filed 20/02/2026
PNC’s SCB will be maintained at the regulatory minimum of 2.5% through December 31, 2027.
Third-quarter 2026 financial highlights, stress capital buffer · Filed 15/10/2026
deposits
22
%
23
%
21%
Totals may not sum due to rounding
Third quarter 2026 average deposits of $461.2 billion increased $4.2 billion compared to the second quarter of 2026, driven by seasonally higher commercial interest-bearing deposits.
Third-quarter 2026 financial highlights, seasonal average deposit growth · Filed 15/10/2026
Average noninterest-bearing deposits as a percentage of total average deposits was 22% in the third quarter of 2026, 23% in the second quarter of 2026 and 21% in the third quarter of 2025.
Third-quarter 2026 financial highlights, noninterest-bearing deposit mix · Filed 15/10/2026
In both comparisons, the increase included $35 million in net loan charge-offs related to the student loan portfolio transfer.
Third-quarter 2026 financial highlights, charge-offs associated with student loan transfer · Filed 15/10/2026
Compared to the third quarter of 2025, net loan charge-offs also increased due to higher commercial loan net charge-offs.
Third-quarter 2026 financial highlights, commercial charge-off deterioration · Filed 15/10/2026
Due to the repricing term mismatches and embedded options inherent in certain of these products, changes in market interest rates not only affect expected near-term earnings, but also the economic values of these assets and liabilities.
First-quarter 2026 Form 10-Q, interest-rate mismatch exposure · Filed 05/05/2026
Our results for the three and six months ended June 30, 2026 reflect FirstBank’s acquired business operations for the period since the acquisition closed on January 5, 2026, and our balance sheet at June 30, 2026 includes FirstBank balances.
Second-quarter 2026 Form 10-Q, acquisition comparability and consolidation scope · Filed 05/08/2026
Reported 2Q26 Integration Costs and Significant Items As Adjusted $ millions, except EPS 2Q26 Integration Costs Significant Items Net Impact 2Q26 (a) (b) (c) (d) = (b) + (c) (e) = (a) – (d) Net interest income $4,107 $4,107 Fee income (non-GAAP) 2,279 2,279 Other noninterest income 489 $(6) $224 ` $218 271 Total revenue $6,875 $(6) $224 $218 $6,657 Noninterest expense 4,098 121 140 261 3,837 PPNR (non-GAAP) $2,777 $(127) $84 $(43) $2,820 Provision for credit losses 191 191 Income taxes (benefit) 531 (26) (2) (28) 559 Net income $2,055 $(101) $86 $(15) $2,070 Diluted EPS $4.81 $(0.25) $0.21 $(0.04) $4.85 7 2Q26 Integration Costs and Significant Items Reduced Reported EPS by $0.04 Note: Tax impact of Significant Items reflects tax benefit of shares donated to the PNC Foundation.
Second-quarter 2026 earnings presentation, integration costs and significant-item reconciliation · Filed 15/07/2026
25 Appendix: Non-GAAP to GAAP Reconciliation Return on Average Tangible Common Equity (non-GAAP) Return on average tangible common equity is a non-GAAP financial measure and is calculated based on annualized net income attributable to common shareholders divided by tangible common equity.
Third-quarter 2026 earnings presentation, return on tangible common equity definition · Filed 15/10/2026
For the three months ended $ millions Sep.
Third-quarter 2026 earnings presentation, equity-return reconciliation period and units · Filed 15/10/2026
30, 2026 Jun. 30, 2026 Sep. 30, 2025 Return on average common shareholders’ equity 13.89% 13.61% 13.24% Average common shareholders’ equity $57,278 $57,556 $51,969 Average goodwill and other intangible assets (14,138) (14,162) (11,157) Average deferred tax liabilities on goodwill and other intangible assets 404 412 241 Average tangible common shareholders’ equity $43,544 $43,806 $41,053 Net income attributable to common shareholders $2,006 $1,953 $1,735 Net income attributable to common shareholders, annualized $7,958 $7,833 $6,883 Return on average tangible common equity (non-GAAP) 18.28% 17.88% 16.77%
Third-quarter 2026 earnings presentation, equity returns and denominator reconciliation · Filed 15/10/2026
44,107
43,015
41,201
40,570
Total assets
$
627,816
$
616,034
$
603,028
$
573,572
$
568,767
Liabilities
Deposits
Noninterest-bearing
$
99,720
$
99,356
$
99,297
$
91,748
$
91,207
Interest-bearing (b)
366,642
350,436
358,351
349,118
341,542
Total deposits
466,362
449,792
457,648
440,866
432,749
Borrowed funds
Federal Home Loan Bank advances
36,512
40,416
21,417
13,000
16,100
Senior debt
36,310
38,144
38,021
38,642
38,695
Subordinated debt
4,239
4,396
4,502
3,016
3,512
Other (b)
2,696
2,767
2,726
2,443
4,037
Total borrowed funds
79,757
85,723
66,666
57,101
62,344
Allowance for unfunded lending related commitments
850
809
832
818
775
Accrued expenses and other liabilities (b)
18,437
15,649
14,206
14,151
13,861
Total liabilities
565,406
551,973
539,352
512,936
509,729
Equity
Preferred stock (c)
—
—
—
—
—
Common stock - $5 par value
Authorized 800,000,000 shares, issued 557,291,841; 557,291,838; 557,213,012; 543,497,966 and 543,412,079 shares
2,786
2,786
2,786
2,717
2,717
Capital surplus
22,059
21,999
21,926
18,922
18,859
Retained earnings
66,715
65,518
64,256
63,266
62,008
Accumulated other comprehensive income (loss)
(6,472)
(4,120)
(3,773)
(3,408)
(4,077)
Common stock held in treasury at cost: 160,049,284; 157,826,113; 155,167,491; 153,084,091 and 151,030,533 shares
(22,735)
(22,175)
(21,568)
(20,912)
(20,517)
Total shareholders’ equity
62,353
64,008
63,627
Third-quarter 2026 financial supplement, issued shares, treasury shares and financing · Filed 15/10/2026
The total number of shares of common stock of the Corporation that are authorized for issuance pursuant to awards under the Plan is 28,000,000 shares, plus the number of shares that remain authorized but not issued under the 2016 Incentive Award Plan, which is the Corporation’s predecessor equity incentive plan, as of April 22, 2026.
April 2026 Form 8-K, approved incentive-plan share authorization · Filed 24/04/2026
PNC Expansion Markets: refer collectively to PNC’s Southeast, Southwest and De Novo markets, excluding the business operations of PNC’s national businesses.
Third-quarter 2026 earnings presentation, expansion-market scope definition · Filed 15/10/2026
Basel III common equity Tier (CET) 1 capital ratio – 9/30/26 ratio as used in this presentation is estimated.
Third-quarter 2026 earnings presentation, estimated September CET1 qualification · Filed 15/10/2026
