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
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Noninterest Expense
Table 5: Noninterest Expense
| Three months ended · Nine months ended | ||||||||
|---|---|---|---|---|---|---|---|---|
| September 30 · June 30 · Change · September 30 · September 30 · Change | ||||||||
| Dollars in millions | 2026 | 2026 | $ | % | 2026 | 2025 | $ | % |
| Noninterest expense | ||||||||
| Personnel | $2,031 | $2,273 | $(242) | (11)% | $6,410 | $5,749 | $661 | 11% |
| Occupancy | 262 | 252 | 10 | 4% | 776 | 715 | 61 | 9% |
| Equipment | 435 | 435 | — | —% | 1,285 | 1,194 | 91 | 8% |
| Marketing | 106 | 110 | (4) | (4)% | 303 | 277 | 26 | 9% |
| Other | 917 | 1,028 | (111) | (11)% | 2,843 | 2,296 | 547 | 24% |
| Total noninterest expense | $3,751 | $4,098 | $(347) | (8)% | $11,617 | $10,231 | $1,386 | 14% |
Noninterest expense decreased compared to the second quarter of 2026 and included lower personnel costs as well as integration expenses related to the FirstBank acquisition of $27 million. The second quarter of 2026 included integration expenses related to the FirstBank acquisition of $121 million and a PNC Foundation contribution expense of $140 million pre-tax.
Compared to the first nine months of 2025, noninterest expense increased reflecting FirstBank operating expenses, higher personnel costs as a result of increased business activity and $245 million of integration expenses related to the FirstBank acquisition, as well as a $140 million pre-tax expense related to a PNC Foundation contribution.
Effective Income Tax Rate
The effective income tax rate was 20.0% for the third quarter of 2026 compared to 20.5% for the second quarter of 2026 and 19.9% for the first nine months of 2026 compared to 19.4% for the first nine months of 2025.
10 The PNC Financial Services Group, Inc. –Form 10-Q
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