PNC news

PNC entered into an underwriting agreement for the issuance of securities, with the expected sale date set for October 20, 2026, under a previously filed Registration Statement.

PNC reported Q3 2026 net income of $2.1 billion, or $4.97 diluted EPS, with a strong 57% efficiency ratio and a 9.8% CET1 capital ratio. Fee income decreased 6% due to lower capital markets activity, though average deposits and loans grew 1% and 2% respectively.

FHLB Pittsburgh issued over $3.5 billion in new debt securities including variable-rate floaters, fixed-rate bonds, and structurally subordinated debt to refinance existing debt obligations and support liquidity.

PNC Financial Services Group announced the redemption of all of its $525 million Series S Preferred Stock on Nov. 2, 2026.

Citigroup Commercial Mortgage Securities Inc. caused the issuance of a $647.41 million Commercial Mortgage-Backed Security on July 29, 2026, funded through the size-up of existing securitizations.

The bank posted net income of $2.1 billion and diluted EPS of $4.81 for the second quarter of 2026. These results illustrate continued operational strength within the financial services sector.

PNC Financial Services Group reported a second-quarter net income of $2.1 billion and record revenue driven by strong capital markets activity. The company raised its quarterly dividend 18% to $2.00 per share and announced $600 million in share repurchases.

PNC Financial Services Group completed the conversion of FirstBank's 780,000 customers, 1,620 employees, and 95 branches in Colorado and Arizona to PNC Bank operations. The conversion strengthens PNC's market presence in the Southwest and expands its branch network to approximately 2,400 locations n…

PNC Financial Services Group has entered into an underwriting agreement to issue and sell securities under its existing indenture with Bank of New York Mellon as trustee. The offering follows Form S-3ASR registration statement procedures and represents capital market activity by the major financial …