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PNC Financial Services PNC Retail Banking — Income tax benefit

Other segment segments

Asset Management Group
$531M
Corporate & Institutional Banking
$531M

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Other financials

Income statement

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Revenue$6.9B+21.4%
Net income$2.0B+18.9%
EPS (diluted)$4.81+24.9%

Balance sheet

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Cash & equivalents$6.0B-79.8%
Total debt$85.7B+41.9%
Total equity$64.0B+11.1%
Total assets$616.03B+10.2%

Cash flow

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Operating cash flow$1.9B+479%

Valuation

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Market cap$100.39B+31.8%
Enterprise value$180.16B+68.0%
P/E13.2×+1.1×
P/S+0.6×

Profitability

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Net margin30.3%+1.9pp

Returns & leverage

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Return on equity12.5%+1.1pp
Debt / equity1.3×+0.3×

Where this comes from

Reported directly by PNC Financial Services in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: PNC Financial Services’s 8-K, filed July 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PNC Financial Services's retail banking — income tax benefit?
PNC Financial Services (PNC) reported retail banking — income tax benefit of $531M in Q2 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 27.6% year-over-year, from $416M to $531M.
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?
This represents the tax-related financial impact allocated to the retail banking segment, which may appear as a benefit when tax credits or deductions exceed the tax liability for the segment. It reflects the effective tax treatment of the segment's earnings within the broader corporate tax structure.