Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTFiona CraigWed, July 15, 2026 at 2:37 PM GMT+2 2 min readGraph showing growth ©Adobe Stock ImagesPNC Financial Services Group (NYSE:PNC) reported stronger-than-expected second-quarter results after record capital markets revenue and solid loan growth helped lift earnings above Wall Street expectations. The bank's shares edged higher in premarket trading following the announcement.Earnings and revenue beat expectationsPNC posted adjusted earnings per share of 4.85 dollars for the second quarter, exceeding analysts' consensus estimate of 4.47 dollars.Revenue rose to 6.88 billion dollars, ahead of the expected 6.5 billion dollars and up 21 percent from the same period last year.Following the results, the bank's shares gained around 0.5 percent in premarket trading.Capital markets delivers record quarterA key driver of the quarter was record capital markets and advisory revenue, which climbed 80 percent year on year to 577 million dollars.Net interest income increased 16 percent to 4.1 billion dollars, supported by continued commercial loan growth and higher balances in noninterest-bearing deposits.Fee income also strengthened, rising 20 percent from a year earlier to 2.3 billion dollars.Chief Executive Officer Bill Demchak said:"Our strong second quarter performance reflects the disciplined execution of our growth strategy and positions us well for the second half of the year."Loan and deposit growth remain strongAverage loans increased by 40.4 billion dollars, or 13 percent year on year, to 363.2 billion dollars, led by growth in commercial lending.Average deposits rose 8 percent to 457.0 billion dollars.Net loan charge-offs totalled 226 million dollars during the quarter, representing 0.25 percent of average loans.Adjusted earnings excluded 0.04 dollars per share of integration costs associated with the FirstBank acquisition, along with several one-off items, including a 448 million dollar gain from the Visa exchange programme, which was largely offset by a 140 million dollar contribution to the PNC Foundation, a 139 million dollar securities loss and an 85 million dollar negative adjustment related to Visa derivatives.FirstBank integration completedPNC completed the conversion of FirstBank on 22 June 2026, integrating approximately 780,000 customers, 1,620 employees and 95 branches into its operations.The bank also announced an 18 percent increase in its quarterly dividend to 2.00 dollars per share.During the quarter, PNC returned 1.3 billion dollars to shareholders through dividends and share repurchases.Its Common Equity Tier 1 capital ratio was estimated at 9.9 percent at the end of the quarter.PNC Financial Services Group stock priceTerms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info