PNC completes USD 1.50 billion note sale as PNC stock costs EUR 204.00

Published on 10/28/2026 at 12:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PNC completed a USD 1.50 billion note sale on October 23, 2026. PNC stock costs EUR 204.00 on October 28, 2026, at 5.46 percent fixed interest.

Debt funding and bank results

PNC completed a USD 1.50 billion note sale on October 23, 2026.
Third-quarter net income reached USD 2.10 billion in 2026.
PNC stock traded at EUR 204.00 at 12:54 p.m. CET on October 28, 2026.

PNC, US6934751057, Illustration mit AI erstellt.

PNC (ISIN US6934751057) completed a USD 1.50 billion senior-note offering on October 23, 2026, adding a fresh financing event to the bank's October disclosures. The filing covered USD 1.20 billion of fixed-rate and floating-rate notes due October 23, 2029, plus USD 300.00 million of senior floating-rate notes, according to the PNC filing.

What did PNC issue?

The fixed-rate and floating-rate tranche carries a 5.46 percent rate and matures in 2029. The floating-rate tranche has the same maturity date, while the filing identifies October 20, 2026, as the date of the underwriting agreement.

The transaction is distinct from PNC's third-quarter operating update. The company reported USD 2.10 billion of net income and diluted earnings per share of USD 4.97 for the third quarter of 2026, while adjusted diluted earnings per share reached USD 5.09, according to PNC.

Why does the financing matter?

PNC's filing gives investors a concrete view of its debt-market activity rather than a change to its reported quarterly earnings. The senior notes are obligations of the bank and are separate from its common stock. That distinction matters because the new funding terms describe financing costs, not a new equity issue.

Dates for the next update

PNC reported third-quarter results on October 15, 2026, completed the note sale on October 23, 2026, and scheduled Chief Financial Officer Robert Q. Reilly to discuss business performance and strategy at the BancAnalysts Association of Boston Conference on November 6, 2026. The conference date was announced in a PNC release.

Stock price in euros

PNC stock was trading at EUR 204.00 at Lang & Schwarz on October 28, 2026, at 12:54 p.m. CET. The quote is a German-market indication for investors following the New York Stock Exchange listing, which the company's filing identifies under ticker PNC.

The further course of trading is shown by the continuously updated real-time quote of PNC stock.