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
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Cash Flows
| UnauditedIn millions | Nine months ended September 30 | |
|---|---|---|
| 2026 | 2025 | |
| Operating Activities | ||
| Net income | $5,924 | $4,964 |
| Adjustments to reconcile net income to net cash provided (used) by operating activities | ||
| Provision for credit losses | 590 | 640 |
| Depreciation, amortization and accretion | 300 | 273 |
| Deferred income taxes (benefit) | 191 | (68) |
| Net losses on sales of securities | 112 | 2 |
| Changes in fair value of mortgage servicing rights | 17 | 422 |
| Gains related to Visa share exchange | (459) | — |
| Net change in | ||
| Trading securities and other short-term investments | 867 | (3,293) |
| Loans held-for-sale and related securitization activity | 367 | (248) |
| Other assets | (2,234) | 2,645 |
| Accrued expenses and other liabilities | (177) | (2,089) |
| Other operating activities, net | 1,642 | 379 |
| Net cash provided (used) by operating activities | $7,140 | $3,627 |
| Investing Activities | ||
| Sales | ||
| Securities available-for-sale | $17,482 | $1,267 |
| Loans | 616 | 574 |
| Repayments/maturities | ||
| Securities available-for-sale | 6,020 | 5,639 |
| Securities held-to-maturity | 13,216 | 10,246 |
| Purchases | ||
| Securities available-for-sale | (18,506) | (12,121) |
| Securities held-to-maturity | (18,666) | (5,182) |
| Loans | (1,828) | (1,592) |
| Net change in federal funds sold and resale agreements | 253 | (857) |
| Other changes in loans, net | (32,715) | (9,985) |
| Net cash paid for acquisition (a) | (80) | — |
| Other investing activities, net | (3,638) | (1,497) |
| Net cash provided (used) by investing activities | $(37,846) | $(13,508) |
48 The PNC Financial Services Group, Inc. –Form 10-Q
CONSOLIDATED STATEMENT OF CASH FLOWS
| (Continued from previous page) | ||
|---|---|---|
| UnauditedIn millions | Nine months ended September 30 | |
| 2026 | 2025 | |
| Financing Activities | ||
| Net change in | ||
| Noninterest-bearing deposits | $(1,921) | $(1,435) |
| Interest-bearing deposits | 4,344 | 7,445 |
| Federal funds purchased and repurchase agreements | 38 | 96 |
| Other borrowed funds | 450 | 770 |
| Sales/issuances | ||
| Federal Home Loan Bank advances | 33,000 | 4,100 |
| Senior debt | 6,206 | 8,030 |
| Subordinated debt | 1,495 | — |
| Common and treasury stock | 63 | 61 |
| Repayments/maturities | ||
| Federal Home Loan Bank advances | (10,900) | (10,000) |
| Senior debt | (6,950) | (2,750) |
| Subordinated debt | (71) | (700) |
| Acquisition of treasury stock | (1,984) | (932) |
| Preferred stock cash dividends paid | (231) | (225) |
| Common stock cash dividends paid | (2,196) | (1,959) |
| Other financing activities, net | 75 | — |
| Net cash provided (used) by financing activities | $21,418 | $2,501 |
| Net Increase (Decrease) In Cash, Cash Equivalents And Restricted Cash | $(9,288) | $(7,380) |
| Cash, cash equivalents and restricted cash at beginning of period | 39,713 | 46,251 |
| Cash, cash equivalents and restricted cash at end of period (b) | $30,425 | $38,871 |
| Supplemental Disclosures (c) | ||
| Interest paid | $7,871 | $8,312 |
| Leased assets obtained in exchange for new operating lease liabilities | $645 | $229 |
| Non-cash Investing And Financing Items | ||
| Transfer from loans to loans held-for-sale, net | $1,432 | $236 |
| Transfer from loans to foreclosed assets | $43 | $36 |
| Common stock issuances for acquisition | $2,943 | $— |
| Preferred stock issuances for acquisition | $119 | $— |
(a)Cash paid to acquire FirstBank was $1,238 million. The amount of $80 million represents the cash paid for the acquisition less $162 million in Cash and due from banks and $996 million in Interest-earning deposits with banks acquired from FirstBank. See Note 2 Acquisition Activity for more detailed information on the FirstBank acquisition.
(b)Includes restricted cash at end of period of $752 million and $843 million for the nine months ended September 30, 2026 and 2025, respectively.
(c)Disclosures of income taxes paid (net of refunds) are presented in the Income Taxes Note of our Form 10-K pursuant to our adoption of ASU 2023-09. See Note 1 Accounting Policies in our 2025 Form 10-K for additional information related to our adoption of this ASU.
The PNC Financial Services Group, Inc. –Form 10-Q 49
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