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Get filing alertsPNC raises dividend 18% to $2.00/share, reports Q2 EPS of $4.81, lifts 2026 guidance
Filed July 15, 2026 · Period ending July 15, 2026 · ~1 min read
Key Changes
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Board increased quarterly dividend 18% from $1.70 to $2.00 per share, reflecting strong capital position and Q2 net income of $2.1B ($4.81 EPS), up 25% year-over-year.
Exhibit 99.1 view on EDGAR → -
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Raised full-year 2026 guidance: average loans now up ~12.5% (from ~11%), net interest income up 15%-15.5% (from ~14.5%), total revenue up ~13% (from ~11%).
Exhibit 99.1 view on EDGAR → -
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Average loans grew 4% quarter-over-quarter to $363.2B driven by 6% commercial loan growth; deposits stable at $457.0B with noninterest-bearing deposits up 4%.
Exhibit 99.1 view on EDGAR → -
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Credit quality improved: nonperforming loans fell to 0.55% of total loans from 0.62%, delinquencies to 0.39% from 0.43%, net charge-offs to 0.25% from 0.29%.
Exhibit 99.1 view on EDGAR → -
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Recorded $224M net significant items including $448M Visa shares exchange gain, $(139)M securities restructuring loss from selling ~$4B securities and reinvesting at yields ~120 bps higher, and $140M PNC Foundation contribution.
Exhibit 99.1 view on EDGAR →
Summary
PNC delivered strong second-quarter results and signaled confidence in its trajectory with an 18% dividend increase to $2.00 per share. Net income of $2.1 billion ($4.81 diluted EPS) rose 25% year-over-year, driven by robust loan growth (up 13% year-over-year to $363.2 billion) and improving credit quality across all key metrics.
The bank raised its full-year 2026 guidance across the board, now expecting loan growth of ~12.5%, net interest income growth of 15%-15.5%, and total revenue growth of ~13%—all ahead of prior targets.
The quarter included $224 million of net significant items, notably a $448 million gain on a Visa shares exchange and a $139 million loss from restructuring ~$4 billion of securities into higher-yielding assets (~120 basis points improvement). PNC also contributed $140 million to its foundation. Credit trends strengthened materially: nonperforming loans fell to 0.55% of total loans, delinquencies to 0.39%, and net charge-offs to 0.25%. The combination of accelerating loan growth, stable deposit funding, improving asset quality, and raised guidance underscores the bank's operating momentum and capital strength.
Section-by-Section Diff
Event · Exhibit 99.1
PNC reported Q2 2026 earnings of $2.1B ($4.81 EPS), announced an 18% dividend increase to $2.00/share, and disclosed a $140M PNC Foundation contribution.
Added in current filing · view on EDGAR → · paraphrased
Average loans: (FY25 baseline: $323.4 billion) Up ~12.5% ... Net interest income: (FY25 baseline: $14,410 million) Up 15% - 15.5% ... Noninterest income: (FY25 baseline: $8,689 million) Up ~9% ... Total revenue: (FY25 baseline: $23,099 million) Up ~13% ... Noninterest expense: (FY25 baseline: $13,834 million) Up ~8.5%
PNC raised its full-year 2026 guidance across key metrics. Average loans are now expected up ~12.5% (from ~11%), net interest income up 15%-15.5% (from ~14.5%), noninterest income up ~9% (from ~6%), total revenue up ~13% (from ~11%), and noninterest expense up ~8.5% (from ~7%). The guidance excludes integration costs and Q2 significant items.
Added in current filing · view on EDGAR →
NPLs / Total Loans (Period end) 0.65% 0.62% 0.55% ... Delinquencies / Total Loans1 (Period end) 0.40% 0.43% 0.39% ... NCOs / Average Loans2 0.25% 0.29% 0.25%
Credit quality strengthened across all key indicators. Nonperforming loans declined to 0.55% of total loans from 0.62% in the prior quarter, delinquencies fell to 0.39% from 0.43%, and net charge-offs decreased to 0.25% of average loans from 0.29%. The allowance for credit losses to total loans ratio declined to 1.48% from 1.52%.
Event · Item 7.01 — Regulation FD Disclosure
PNC held a Q2 2026 earnings conference call and posted investor presentation slides on its website.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On July 15, 2026, The PNC Financial Services Group, Inc. (“PNC”) held a conference call for investors regarding PNC’s earnings and business results for the second quarter of 2026.
PNC conducted its quarterly earnings conference call for the second quarter of 2026 and made presentation slides available to investors on its website. This is a routine quarterly disclosure event.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 16, 2026 · How we verify