Earnings call transcript: PNC beats Q3 2026 profit view as revenue slips

PNC Financial Services Group reported better-than-expected third-quarter 2026 earnings with adjusted earnings per share of $5.09, surpassing the $4.91 consensus estimate. Revenue, however, fell slightly short of forecasts at $6.56 billion, down 0.76% from the $6.61 billion expected. Despite the revenue miss, PNC highlighted strong loan growth, lower expenses, and solid capital returns, with average loans increasing by 2% and year-to-date growth of 14%.

The bank also managed to maintain a strong net interest margin of 2.94% and delivered another strong quarter with broad-based growth in lending, deposits, and fee businesses, returning capital to shareholders through dividends and buybacks.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.