PNC Financial Posts Record Q2 Revenue of $6.88B, Beats EPS by $0.30
PNC Financial Services reported second-quarter revenue of $6.88 billion, clearing the consensus estimate by $450 million and setting a quarterly record. Non-GAAP earnings per share came in at $4.85, beating estimates by $0.30, while net income rose 25% year-over-year. The FirstBank acquisition added loan and deposit volume, and capital markets and advisory revenue surged 80% compared to the same quarter last year.
A 25% net income jump at a top-10 U.S. bank signals that loan demand and fee-based businesses held up better than many investors feared heading into this earnings season. The 80% jump in capital markets revenue is especially relevant for holders of regional and large-cap bank ETFs, because it suggests deal activity is recovering faster than expected. The $2.00 dividend declaration also reinforces that PNC's capital position is comfortable despite absorbing acquisition costs.
July 15: JPMorgan Chase and Wells Fargo Q2 earnings reports. July 16: Bank of America and Goldman Sachs Q2 results. July 30: Federal Reserve rate decision.
- PNC Financial beats estimates on strong capital markets revenue · Investing.com
- PNC Financial posts record quarterly revenue on capital markets windfall, FirstBank acquisition · Investing.com
- PNC Financial declares $2.00 dividend · Seeking Alpha
- PNC Financial Non-GAAP EPS of $4.85 beats by $0.30, revenue of $6.88B beats by $450M · Seeking Alpha
- PNC Financial beats Q2 earnings estimates despite FirstBank integration costs and significant items · Seeking Alpha
- PNC posts record quarterly revenue as capital markets fees surge and profit jumps 25% · Quartz
- PNC Q2 2026 slides: strong loan growth drives record revenue · Investing.com
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