PNC FINANCIAL SERVICES GROUP, INC.

For the period ended Sep 30, 2026. Filed Nov 3, 2026.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 3, 2026

PNC$225.38-0.6%Stored close · as of Nov 6, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2026

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 001-09718

The PNC Financial Services Group, Inc.

(Exact name of registrant as specified in its charter)

Pennsylvania	25-1435979
(State or other jurisdiction ofincorporation or organization)	(I.R.S. EmployerIdentification No.)

The Tower at PNC Plaza,300 Fifth Avenue, Pittsburgh, Pennsylvania 15222-2401

(Address of principal executive offices, including zip code)

(888)762-2265

(Registrant’s telephone number including area code)

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common Stock, par value $5.00	PNC	New York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No☒

As of October 14, 2026, there were 396,778,009 shares of the registrant’s common stock ($5 par value) outstanding.

Cross-Reference Index to Third Quarter 2026 Form 10-Q

	Pages
PART I – FINANCIAL INFORMATION
Cautionary Statement Regarding Forward-Looking Information	1
Item 1. Financial Statements (Unaudited)	45
Consolidated Income Statement	45
Consolidated Statement of Comprehensive Income	46
Consolidated Balance Sheet	47
Consolidated Statement of Cash Flows	48
Notes to Consolidated Financial Statements (Unaudited)
Note 1 Accounting Policies	50
Note 2 Acquisition Activity	51
Note 3 Investment Securities	55
Note 4 Loans and Related Allowance for Credit Losses	58
Note 5 Loan Sale and Servicing Activities and Variable Interest Entities	69
Note 6 Goodwill and Mortgage Servicing Rights	72
Note 7 Leases	74
Note 8 Borrowed Funds	74
Note 9 Commitments	75
Note 10 Total Equity and Other Comprehensive Income	76
Note 11 Earnings Per Share	78
Note 12 Fair Value	79
Note 13 Financial Derivatives	88
Note 14 Legal Proceedings	95
Note 15 Segment Reporting	96
Note 16 Fee-based Revenue from Contracts with Customers	100
Note 17 Subsequent Events	102
Glossary	103
Defined Terms	103
Acronyms	103
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A)	3
Financial Review	3
Executive Summary	3
Consolidated Income Statement Review	7
Consolidated Balance Sheet Review	11
Business Segments Review	15
Risk Management	22
Average Consolidated Balance Sheet and Net Interest Analysis	39
Non-GAAP Financial Information	41
Recent Regulatory Developments	42
Critical Accounting Estimates and Judgments	43
Item 3. Quantitative and Qualitative Disclosures about Market Risk	44
Item 4. Controls and Procedures.	44
PART II – OTHER INFORMATION
Item 1. Legal Proceedings	104
Item 1A. Risk Factors	104
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	104
Item 5. Other Information	104
Item 6. Exhibits	105
Exhibit Index	105
Signature	105

MD&A TABLE REFERENCE
Table	Description	Page
1	Summary of Operations, Per Common Share Data and Performance Ratios	4
2	Balance Sheet Highlights and Other Selected Ratios	4
3	Summarized Average Balances and Net Interest Income	8
4	Noninterest Income	9
5	Noninterest Expense	10
6	Provision for Credit Losses	11
7	Summarized Balance Sheet Data	11
8	Loans	12
9	Investment Securities	13
10	Weighted-Average Expected Maturities of Mortgage and Asset-Backed Debt Securities	13
11	Details of Funding Sources	14
12	Retail Banking Table	16
13	Corporate & Institutional Banking Table	18
14	Asset Management Group Table	21
15	Details of Loans	23
16	Commercial and Industrial Loans by Industry	24
17	Commercial Real Estate Loans by Geography and Property Type	25
18	Residential Real Estate Loan Statistics	26
19	Home Equity Loan Statistics	27
20	Nonperforming Assets by Type	28
21	Change in Nonperforming Assets	28
22	Accruing Loans Past Due	29
23	Allowance for Credit Losses by Loan Class	30
24	Loan Charge-Offs and Recoveries	31
25	Senior and Subordinated Debt	32
26	Primary Contingent Liquidity Sources	32
27	Parent Company Notes Issued	33
28	Parent Company Notes Redeemed	34
29	Credit Ratings and Outlook	34
30	Basel III Capital	35
31	Net Interest Income Sensitivity Analysis	36
32	Economic Value of Equity Sensitivity Analysis	37
33	Equity Investments Summary	38
34	Average Consolidated Balance Sheet and Net Interest Analysis	39
35	Reconciliation of Taxable-Equivalent Net Interest Income (non-GAAP)	41
36	Reconciliation of Noninterest Expense Guidance, Excluding Integration Costs and Significant Items (non-GAAP)	41
37	Reconciliation of Noninterest Income Guidance, Excluding Integration Costs and Significant Items (non-GAAP)	42
38	Reconciliation of Revenue Guidance, Excluding Integration Costs and Significant Items (non-GAAP)	42
39	Key Macroeconomic Variables in CECL Weighted-Average Scenarios	43

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS TABLE REFERENCE
Table	Description	Page
40	Acquisition Consideration	52
41	Fair Value and Unpaid Principal Balance of Loans from the FirstBank Acquisition	53
42	PCD Loan Activity	54
43	PSL Activity	54
44	Investment Securities Summary	55
45	Gross Unrealized Loss and Fair Value of Securities Available-for-Sale Without an Allowance for Credit Losses	56
46	Gains (Losses) on Sales of Securities Available-for-Sale	56
47	Contractual Maturity of Debt Securities	57
48	Fair Value of Securities Pledged and Accepted as Collateral	57
49	Analysis of Loan Portfolio	59
50	Nonperforming Assets	60
51	Commercial Credit Quality Indicators	61
52	Credit Quality Indicators for Residential Real Estate and Home Equity Loan Classes	62
53	Credit Quality Indicators for Automobile, Credit Card and Other Consumer Loan Classes	64
54	Commercial FDMs	66
55	Financial Effect of Commercial FDMs	67
56	Delinquency Status of Commercial FDMs	67
57	Consumer FDMs	68
58	Rollforward of Allowance for Credit Losses	69
59	Loan Sale and Servicing Activities	70
60	Principal Balance, Delinquent Loans and Net Charge-offs Related to Serviced Loans For Others	71
61	Non-Consolidated VIEs	71
62	Mortgage Servicing Rights	72
63	Commercial Mortgage Servicing Rights – Key Valuation Assumptions	73
64	Residential Mortgage Servicing Rights – Key Valuation Assumptions	73
65	Lessor Income	74
66	Borrowed Funds	74
67	FHLB Advances, Senior Debt and Subordinated Debt	74
68	Commitments to Extend Credit and Other Commitments	75
69	Rollforward of Total Equity	76
70	Other Comprehensive Income (Loss)	77
71	Accumulated Other Comprehensive Income (Loss) Components	77
72	Dividends Per Share	78
73	Basic and Diluted Earnings Per Common Share	78
74	Fair Value Measurements – Recurring Basis Summary	79
75	Reconciliation of Level 3 Assets and Liabilities	80
76	Fair Value Measurements – Recurring Quantitative Information	84
77	Fair Value Measurements – Nonrecurring	85
78	Fair Value Option – Fair Value and Principal Balances	86
79	Fair Value Option – Changes in Fair Value	86
80	Additional Fair Value Information Related to Other Financial Instruments	87
81	Total Gross Derivatives	89
82	Gains (Losses) Recognized on Fair Value and Cash Flow Hedges in the Consolidated Income Statement	91
83	Hedged Items - Fair Value Hedges	92
84	Gains (Losses) on Derivatives Not Designated for Hedging under GAAP	93
85	Derivative Assets and Liabilities Offsetting	94
86	Credit-Risk Contingent Features	95
87	Business Segment Results and Reconciliation to Consolidated Table	98
88	Noninterest Income by Business Segment and Reconciliation to Consolidated Noninterest Income	100

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.