Retail Banking — Income tax benefit
PNC Financial Services Retail Banking — Income tax benefit increased by 6.1% to $402M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 17.5%, from $342M to $402M. Over 3 years (FY 2022 to FY 2025), Retail Banking — Income tax benefit shows an upward trend with a 35.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase in benefit may reflect higher tax credits or specific accounting adjustments, whereas a decrease suggests a higher tax burden on segment earnings.
Detailed definition
This represents the tax-related financial impact allocated to the retail banking segment, which may appear as a benefit...
Peer comparison
Varies significantly based on corporate tax allocation methodologies used by peer financial institutions.
pnc_segment_retail_banking_income_tax_benefitHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $155.25M | $155.25M | $155.25M | $155.25M | $291.5M | $291.5M | $291.5M | $291.5M | $333M | $526M | $360M | $332M | $342M | $416M | $406M | $379M | $402M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +87.8% | +0.0% | +0.0% | +0.0% | +14.2% | +58.0% | -31.6% | -7.8% | +3.0% | +21.6% | -2.4% | -6.7% | +6.1% |
| YoY Change | — | — | — | — | +87.8% | +87.8% | +87.8% | +87.8% | +14.2% | +80.4% | +23.5% | +13.9% | +2.7% | -20.9% | +12.8% | +14.2% | +17.5% |
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Frequently Asked Questions
- What is PNC Financial Services's retail banking — income tax benefit?
- PNC Financial Services (PNC) reported retail banking — income tax benefit of $402M in Q1 2026.
- How has PNC Financial Services's retail banking — income tax benefit changed year-over-year?
- PNC Financial Services's retail banking — income tax benefit increased by 17.5% year-over-year, from $342M to $402M.
- What is the long-term trend for PNC Financial Services's retail banking — income tax benefit?
- Over 3 years (2022 to 2025), PNC Financial Services's retail banking — income tax benefit has grown at a 35.4% compound annual growth rate (CAGR), from $621M to $1.54B.
- What does retail banking — income tax benefit mean?
- The tax-related credit or reduction in tax liability attributed to the retail banking segment.