SEC Filings
PNC's Nonperforming Office Loans Climb To 10.8% From 8.1% As Brokered Deposits Reach $8.6 Billion
PNC's office book shifted from criticized toward nonperforming in one quarter, while borrowed funds rose 40% since year-end.
PNC
PNC Financial Services (PNC) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Earnings
PNC Targets A 3.0% Or Higher Net Interest Margin In The Fourth Quarter And Lifts 2026 Loan Outlook To About 13.5%
PNC's third-quarter slides show a 57% efficiency ratio and raised full-year ranges for loans, revenue and expenses.
Earnings
PNC's Demchak Says A Big Deal Could 'Destroy Massive Value' By Slowing Its AI Build
The CEO said an acquisition of any size could slow PNC's in-house AI rebuild, and called agents transacting inside accounts "incredibly unsafe."
Earnings
PNC's Efficiency Ratio Improves To 57% From 60% As Expenses Fall 8% And Loans Grow
Net income rose to $2.1 billion in the third quarter even as noninterest income fell 15% from the second quarter.