Nov 5, 4:25 PM ET
PNC's board appointed Alexander E. C. Overstrom, currently executive vice president and head of Retail Banking, as chief financial officer effective March 1, 2027. Robert Q. Reilly, the current CFO, will become executive vice chairman on the same date, serving as a senior executive advisor to Chairman and CEO William S. Demchak. The filing does not report financial results, so it contains no direct measure of business performance.
- Alexander E. C. Overstrom, 42, joined PNC in 2014 and has led Retail Banking since July 2022.
- Robert Q. Reilly has been CFO since 2013 and remains in the role until March 1, 2027.
- Permanent successor for PNC Retail Banking will be named in the near future.
Read the filing on SEC.gov ↗
Oct 23, 4:09 PM ET
On October 23, 2026, PNC completed public sales of $1.2 billion of 5.463% Fixed Rate/Floating Rate Senior Notes and $300 million of Senior Floating Rate Notes, both due October 23, 2029. The notes were sold under an underwriting agreement dated October 20, 2026 with PNC Capital Markets LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC. The filing does not state how the proceeds will be used, so its effect on shareholders is not described.
- $1.2 billion of 5.463% Fixed Rate/Floating Rate Senior Notes due October 23, 2029
- $300 million of Senior Floating Rate Notes due October 23, 2029
- Underwriting agreement dated October 20, 2026; notes issued under a 2012 indenture with The Bank of New York Mellon as trustee
- Offering made under Form S-3ASR registration statement (File No. 333-283793)
Read the filing on SEC.gov ↗
Oct 15, 6:46 AM ET
PNC reported third-quarter 2026 net income of $2,097 million, or $4.97 per diluted share, up from $4.81 in the second quarter and $4.35 a year earlier. Total revenue fell 5% from the second quarter to $6.6 billion, mainly because of elevated second-quarter capital markets activity and Visa-related items, but rose 11% from a year earlier. The board also declared a $2.00 per share quarterly dividend.
- Net income of $2,097 million, compared with $2,055 million in 2Q26 and $1,822 million in 3Q25
- Diluted EPS of $4.97; $5.09 as adjusted for integration costs and significant items
- Total revenue of $6.6 billion, down 5% from 2Q26 and up 11% from 3Q25
- Quarterly dividend of $2.00 per share, payable November 5, 2026, to holders of record October 14, 2026
Read the filing on SEC.gov ↗
Jul 15, 6:40 AM ET
PNC reported second quarter 2026 net income of $2.1 billion, or $4.81 per diluted share, and $4.85 per share as adjusted for FirstBank integration costs and other significant items. Total revenue rose to $6.9 billion, up 12% from the first quarter and 21% from a year earlier, and the board raised the quarterly dividend 18% to $2.00 per share, which matters to shareholders because it increases the cash return on each share.
- Net income of $2.1 billion and diluted EPS of $4.81, compared with $4.13 in the first quarter of 2026 and $3.85 in the second quarter of 2025
- Total revenue of $6.9 billion, up $710 million from the first quarter and $1.2 billion from the second quarter of 2025
- Quarterly dividend raised to $2.00 per share from $1.70, payable August 5, 2026 to holders of record on July 20, 2026
- Visa exchange gain of $448 million was largely offset by a $140 million PNC Foundation contribution and a $139 million securities loss
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
