The PNC Financial Services Group (PNC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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The PNC Financial Services Group (PNC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended June 2026, The PNC Financial Services Group, Inc (PNC) reported revenue of $6.9 billion, up 21.3% over the same period last year. EPS came in at $4.85, compared to $3.85 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $6.44 billion, representing a surprise of +7.13%. The company delivered an EPS surprise of +7.54%, with the consensus EPS estimate being $4.51.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how The PNC Financial Services Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency ratio: 60% versus the four-analyst average estimate of 58.9%. Total nonperforming assets: $2.15 billion compared to the $2.55 billion average estimate based on four analysts. Book value per common share: $145.52 versus the four-analyst average estimate of $146.34. Total interest-earning assets - Average balance: $555.01 billion versus the four-analyst average estimate of $552.4 billion. Net charge-offs to average loans: 0.3% compared to the 0.3% average estimate based on four analysts. Net interest margin: 3% versus the four-analyst average estimate of 3%. Total nonperforming loans: $2.03 billion versus the three-analyst average estimate of $2.45 billion. Tier 1 risk-based ratio: 11.1% versus 11.3% estimated by two analysts on average. Leverage Ratio: 9% versus 9% estimated by two analysts on average. Net interest income (Fully Taxable-Equivalent - FTE) (non-GAAP): $4.13 billion versus the four-analyst average estimate of $4.12 billion. Total Noninterest Income: $2.77 billion versus $2.33 billion estimated by four analysts on average. Net Interest Income: $4.11 billion compared to the $4.09 billion average estimate based on four analysts.

View all Key Company Metrics for The PNC Financial Services Group here>>>

Shares of The PNC Financial Services Group have returned +7.3% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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