PNC · US
PNC.US: latest print still Q2 — IR set Q3 for Oct 15
PNC Financial Services Super-regional corporate bank. No new P&L in this window; financials still Q2. IR (2026-09-03) set Q3 for **2026-10-15** (~06:30 ET print / 10:00 ET call). Watch NIM, C&I credit, capital return.
Cite a section with a deep link, e.g. /en/r/pnc-us-research#thesis
Snapshot
- Price
- USD 233.17
- Market cap
- USD 93.0B
- 2026-Q2 net revenue
- USD 6.9B
- PE TTM
- 12.8
As-of 2026-09-27 (weekly refresh; equities aligned to §A. Missing series are N/A/null. Not investment advice.)
Thesis
PNC Financial Services (PNC) Super-regional with a corporate/commercial tilt. Watch NIM, C&I credit, deposits, capital return.
Business
Model: CIB/retail NII + fees. Flagship: Corporate & Institutional Banking. Edge: Mid-Atlantic/Midwest corporates. Strategy: organic growth, capital return. Entity: The PNC Financial Services Group, Inc.
Value chain
Corporate-bank midstream. Risks: C&I/CRE, NIM, regional economy.
Corporate events
No new 8-K P&L in this window. The table only records the named Q3 calendar and the still-current Q2 print.
Corporate events
| Date | Phase | Event | Meaning |
|---|---|---|---|
| 2026-Q2 | 财报 | 最新正式打印仍为 Q2（SEC companyfacts 单季 frame） | 收入/净利图不停在未披露的 Q3 |
| 2026-10-15 | 日历 | Q3 FY26 出数 / 电话会（06:30 ET print / 10:00 ET call） | PNC IR, 2026-09-03 |
Valuation
PB sensitive to credit and NIM expectations.
Valuation snapshot
| Metric | Value | Note |
|---|---|---|
| TTM PE | 12.8 | 腾讯财经行情；历史季为 null |
| PB | 1.45 | 腾讯财经行情；银行主锚之一 |
| 股息率 | N/A | 未接入分红公告同源序列 |
| 现价 / 市值 | 233.17 / $93.02B | 2026-09-18 16:05:15 |
Valuation · ~3y
Interactive chart available in the reader.
~3y quarterly closes (Sina US daily resampled to quarter-end; gaps are null):
Share price · ~3y
Interactive chart available in the reader.
Financial trend (~24 months)
Net revenue Revenues and net income ProfitLoss from SEC companyfacts CYyyyyQn frames (single-quarter). Banks have no gross margin; the margin chart is quarterly NI / net revenue.
Net revenue · last 8Q
Interactive chart available in the reader.
Net margin · last 8Q (NI / net revenue)
Interactive chart available in the reader.
Net income · last 8Q
Interactive chart available in the reader.
Financial health (§A.7)
CET1, ACL, liquidity. Auditor opinion on the 10-K.
Financial health
| Item | Read-through | Note |
|---|---|---|
| 财务健康总评 | 银行口径：看资本与信贷成本 | 非工业净现金框架 |
| 经营现金流 | 见最新 10-Q | 银行 OCF 含交易/营运资金，波动大 |
| 资本 / 有息负债 | CET1 与批发融资见 10-Q | GSIB/区域行资本规则不同 |
| 流动性 | LCR / 现金及准备金见 10-Q | 存款搬家与市场流动性 |
| 审计意见 | 以最新 10-K 为准 | 持续经营强调事项如有会在年报披露 |
Operations
Volume: C&I loans; price: NIM; cost: provisions and efficiency.
Key financial points
| Item | Value | As-of | Basis |
|---|---|---|---|
| 最新单季净营收 | $6.88B | 2026-Q2 | SEC Revenues CYyyyyQn |
| 最新单季净利润 | $2.06B | 2026-Q2 | SEC ProfitLoss CYyyyyQn |
| 近四季度净营收合计 | $24.62B | LTM | 单季加总，未年化调整 |
| 现价 / 市值 | 233.17 / $93.02B | 2026-09-18 16:05:15 | 腾讯财经 gtimg |
| TTM PE / PB | 12.84 / 1.45 | 最新季一点 | 无历史同源序列则仅最新点 |
Competition
No sourced quarterly deposit/IB-wallet share series — share charts stay null. Qualitative peers:
Peer comparison
| Company | Position | Quality (qual.) | Strength | Weakness |
|---|---|---|---|---|
| PNC | 超级区域 | 中 | 公司银行 | 全国零售弱 |
| U.S. Bancorp | 区域+支付 | 中 | 支付 | 公司银行相近 |
| Truist | 东南 | 中 | 网点 | 整合 |
| JPMorgan | 全能 | 高 | 全国 | 区域密度叙事弱 |
Management
Core management (24m)
| Role | Name | Since | 24m change |
|---|---|---|---|
| CEO | William Demchak | 2013 | 长期在任 |
| CFO | Robert Q. Reilly | 长期 | 以最新 10-K 为准 |
| 董事长 | William Demchak | 2014+ | 两职合一 |
Stability: Long-tenured CEO, stable governance.
Outlook
Near-term: Q3 FY26 print scheduled 2026-10-15 (06:30 ET print / 10:00 ET call). This pack does not pre-fill an undisclosed P&L. Medium-term: the tracking items above.
Scenarios
| Case | Condition | Read-through |
|---|---|---|
| Bull | NIM / credit / fees beat last 4Q | Upside revision |
| Base | Rates and credit near recent trend | Hold / track |
| Bear | Credit or IB/wealth fees deteriorate | Reassess |
Risks
Risks
| Risk | Level | Note |
|---|---|---|
| C&I / CRE 信贷 | 中 | 公司客户与地产周期 |
| NIM | 中 | 存款成本 |
| 区域经济 | 低 | 中大西洋/中西部 |
| 效率比 | 低 | 费用纪律 |
| 竞争 | 低 | 大行下沉抢公司客户 |
Tracking
Check the next 10-Q / earnings release for:
- Q3 FY26 print scheduled 2026-10-15 (06:30 ET print / 10:00 ET call; PNC IR, 2026-09-03) — pack financials still stop at Q2 SEC frames; do not extrapolate
- NIM
- C&I loans
- Net charge-offs
- CET1
References
IR: https://www.pnc.com/en/about-pnc/investor-relations.html
SEC companyfacts CIK 0000713676 — https://data.sec.gov/api/xbrl/companyfacts/CIK0000713676.json
Tencent Finance quotes (gtimg, 2026-09-18 16:05:15)
Sina US daily bars — https://finance.sina.com.cn/usstock/
CompaniesMarketCap bank ranking — https://companiesmarketcap.com/banks/largest-banks-by-market-cap/
PNC IR, 2026-09-03 — https://investor.pnc.com/news-events/financial-press-releases/detail/696/the-pnc-financial-services-group-announces-third-quarter-conference-call-details
Not investment advice. Filings over quotes; PE/PB are point-in-time, not a historical multiple curve.
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