PNC changes
Pick any two versions below to diff them.
- Price
- $217.39 → $232.00(+6.7%)
- Discount category
- Below intrinsic value → Close to intrinsic value
- Recent events
- added: Nov 5, 2026: PNC said that Alexander Overstrom, the head of Retail Banking, will become Chief Financial Officer on March 1, 2027. Robert Reilly, CFO since 2013, will then become Executive Vice Chairman and a senior adviser to the CEO. Oct 15, 2026: PNC reported Q3 2026 results. Net income was $2.1 billion, or $4.97 per diluted share, and $5.09 as adjusted. Net interest income rose 2% from Q2 to $4.2 billion, and the net interest margin was 2.94%. Fee income fell 6% after a strong Q2 in capital markets, and expenses fell 8%. The efficiency ratio was 57%, and return on tangible common equity was 18.3%. Oct 15, 2026: In Q3 2026, net loan charge-offs were $257 million, including $35 million from the transfer of a $1.4 billion student loan portfolio to held for sale. Nonperforming loans rose 8% to $2.2 billion, driven by commercial loans. The CET1 ratio was an estimated 9.8%, and AOCI was negative $6.5 billion. PNC returned $1.4 billion to shareholders and expects Q4 buybacks near the Q3 level. Oct 2, 2026: The board declared a quarterly dividend of $2.00 per share, payable on November 5, 2026. Dividends declared in Q3 2026 were $2.00 per share, up from $1.70 in Q2 2026. Sep 29, 2026: PNC said that it will redeem all $525 million of its Series S preferred stock on November 2, 2026. Jan 5, 2026: PNC completed its purchase of FirstBank Holding Company for $4.2 billion in cash and PNC shares. Integration costs were $127 million in Q2 2026 and $36 million in Q3 2026.