PNPNCEarnings Analysis财报电话会Source pending来源待核by InvestLog AIInvestLog AI 整理
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PNC earnings call: We expect full year net interest income to be up 15.5%.PNC金融服务集团 (PNC) 电话会：罗伯特·赖利表示，我们预计全年净利息收入将增长15.5%。
Management remarks
Call period: 2026 Q3 · 2026-10-15
Guidance: Robert Reilly: We expect full year net interest income to be up 15.5%.
Demand and orders: Robert Reilly: Mortgage revenue decreased $9 million or 6%, primarily driven by lower residential volumes.
Margins: Robert Reilly: Our net interest margin was 2.94% and decreased 2 basis points.
Analyst Q&A
Analyst Kenneth Usdin asked: So just wondering on that 5% step-up in expenses. Are you also just maybe pulling forward some other investments into the fourth quarter, too? Management Robert Reilly answered: So that's the fees. On the expenses, part of it is taking up actually what we expect to do not only in capital markets, but also in our private equity, you'll see that our other noninterest income guide is up for the fourth quarter. We'll do a little bit better there than we thought. So there's some revenue-driven expenses as part of that, but also some seasonality. The important part, obviously, and you know this is the positive operating leverage that we're pointing to still in excess of 4% between 4.5%, which is fantastic.
