PNC Financial Services Group Inc
PNC - Insider Information
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+ FollowMarket Cap$90.52B
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Earnings Call Q3 2026
October 15, 2026 - AI Summary
Strong results + client momentum (good/surprising): PNC reported Q3 2026 net income of ~$2.1B ($5.09 adjusted EPS) with >18% RO.TCE. Management highlighted unusually strong “client momentum” across the franchise: C&I loans up ~5% average QoQ (and ~17% YoY), ~500 new client relationships YTD in expansion markets, and ~215,000 net new checking accounts in 2026 (total accounts up 2% YoY, with ~6% growth in Southwest). Capital markets and advisory fees also showed strength (capital markets/advisory fees up ~40% YTD).
Loan/deposit trends and funding optimization (good): Q3 average loans ~$372B (+~$9B / +2% linked quarter); C&I +4% and CRE +4%. Deposit dynamics were positive but with cost pressures: average deposits ~$461B (+~$4B / +1%) and period-end deposits +$17B (+4%), driven by commercial interest-bearing deposits +$11B (+7%) and brokered CDs +$7B. Deposit cost rate paid up 7 bps to 1.98% (notably driven by mix; excluding brokered CDs +5 bps).
Margin expectations: confident but constrained (mixed/surprising): Net interest margin dipped slightly (NIM ~2.94%, down ~2 bps QoQ) due mainly to loan mix (higher-quality, lower spread growth came in “hotter than expected”) and some timing factors (about 50% of loan growth occurred in the last two weeks, delaying NII benefit). Management is confident that NIM will reach ~3% or higher in Q4—not as guidance, but as a calculated forecast backed by expected loan yield lift, offsetting deposit cost increases, and fixed-rate asset repricing.
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$197.84
15.3% downside
Current Fair Value
15.3% downsideOvervalued by 15.3% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $90.52 Billion |
|---|---|
| Enterprise Value | $140.62 Billion |
| Annual dividend | $7.40 |
| Dividend yield | 3.25% |
| Earnings per Share | $16.62 |
| Beta | 0.93 |
| Outstanding Shares | 401,000,000 |
Return
| Return on Equity | 12.67% |
|---|---|
| Return on Assets | 1.26% |
| Return on Invested Capital | 1.55% |
Valuation & Multiples
| P/E Ratio | 12.12 |
|---|---|
| PEG | 80.27 |
| Price to Sales | 3.34 |
| Price to Book Ratio | 1.51 |
| Enterprise Value to Revenue | 4.95 |
| Enterprise Value to EBIT | 14.46 |
| Enterprise Value to Net Income | 17 |
| Total Debt to Enterprise | 0.57 |
| Debt to Equity | 1.28 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 21, 2026
EPS Estimate
$4.89
Consensus analyst estimateRevenue Estimate
$6.59 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 15, 2027
EPS Estimate
$5.09
Consensus analyst estimateRevenue Estimate
$6.85 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 13.00, the ratio is above 1, so institutions hold more puts than calls. That is a more cautious stance.
| Put/Call Ratio | 13.0000▲ 1219.06% |
|---|---|
| Total Calls | 100▼ 100.00% |
| Total Puts | 1,300▼ 99.92% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 4.13%▼ 79.70% |
|---|---|
| Total Invested | $3.69B▼ 95.57% |
| Investors Holding | 832▼ 1278.00% |
About PNC Financial Services Group
50,403 employees
CEO: William Demchak
he PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and busine...