# PNC Reports $2.1 Billion Profit as Revenue Rises 11% Year Over Year

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/32501
Published: 2026-10-15T12:27:05.000Z
Updated: 2026-10-15T12:27:05.000Z
Section: Business

> Adjusted diluted earnings per share were $5.09, while revenue declined 5% from the second quarter to $6.562 billion.

The PNC Financial Services Group, Inc. (PNC) posted $2.097 billion in third-quarter net income as revenue climbed 11% from a year earlier, despite a 5% sequential decline. The quarter ended Sept. 30, 2026.

Diluted earnings per share were $4.97 under generally accepted accounting principles (GAAP). Adjusted diluted earnings per share, which exclude integration costs and significant items, were $5.09. Those items reduced net income by $48 million after tax, or $0.12 per share. The financial tables were unaudited.

Revenue totaled $6.562 billion, down $313 million from $6.875 billion in the second quarter and up $647 million from $5.915 billion a year earlier. Net interest income increased 2% sequentially to $4.206 billion. Noninterest income fell 15% to $2.356 billion, while fee income declined 6% to $2.142 billion.

The fee decline followed elevated capital markets and advisory revenue in the prior quarter. That quarter also included a $448 million gain from a Visa share exchange. Third-quarter results included net negative $25 million in Visa-related items.

PNC Chairman and Chief Executive Officer Bill Demchak said, “We are well positioned, and remain confident in our long-term outlook.”