PNC PNC Financial Services Group

$PNC (one of the largest US banks) earned $2.1B in 3Q26, yet tangible book value fell to $107.64 a share from $111.09 at June 30 as its AOCI deficit widened to $6.5B from $4.1B on higher rates. At the $215.8 close at 4pm ET Oct 14 (about $86.09B market value), the stock trades near 2.0x that TBV. Other side: as a Category III bank, PNC elected to exclude AOCI on AFS securities ($4.0B net unrealized loss Sept 30, $2.1B June 30) and pensions from estimated 9.8% CET1. Next: 10am ET call Oct 15; Q4 buybacks seen near 3Q's $0.6B; $2.00 dividend paid Nov 5.

$PNC: Keturah started in Florida state court on May 27, then moved to federal court on June 22 as case 3:26-cv-01620 in Jacksonville. It alleges a collection letter followed a stop request. Nothing to claim. Open Class Actions.

$PNC: next up in Keturah is PNC's answer or a motion to dismiss, and possibly an early standing fight. The proposed class covers Florida consumers contacted in the 24 months before the May 27 filing. Nothing to claim. Open Class Actions.

$PNC with gap up follow thru. I took my paydays off for good payday%. I now settle into the full swing with $ in my pocket.

$PNC: the Keturah class could number in the several thousands, per the complaint, but FCCPA class damages cap at the lesser of $500,000 or 1% of net worth. Florida consumers only, no class certified, nothing to claim. Open Class Actions.

$PNC Q3 adjusted EPS came in at 5.09 dollars vs 4.98 dollars expected (FactSet), revenue a bit light at 6.56 billion dollars vs 6.61 billion expected. The guided pieces mostly landed. Adjusted expenses fell about 3% sequentially, average loans grew 2%, and charge-offs were 257 million dollars, but 35 million of that was tied to the student loan portfolio transfer. Ex that, it's 222 million, basically right on the 225 million guide. Fee income fell 6% sequentially though, a little more than the 5% to 5.5% decline management had guided.

$PNC Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $5.09 up 17.01% YoY • Reported revenue of $6.56B up 10.94% YoY • PNC expects fourth-quarter 2026 share repurchase activity to approximate third-quarter 2026 levels; PNC may adjust repurchases depending on market and economic conditions, as well as other factors.

$PNC Reports before the open today. Management guided fee income down 5% to 5.5% sequentially, but NII up 3% to 3.5% on 1% to 2% average loan growth, and adjusted expenses down 2% to 3%. Charge-offs were guided basically flat too, around 225 million vs 226 million in Q2. Zacks consensus is 4.97 a share on 6.60 billion of revenue, and PNC has beaten the EPS estimate four quarters in a row.

$PNC: The bank reported Q2 2026 net income of $2.1B, with diluted EPS of $4.81 and adjusted EPS of $4.85. PNC also raised its quarterly common-stock dividend to $2.00 per share in July. PNC is scheduled to report Q3 2026 results on October 15 before market open.