PNC — what changed in the latest 10-Q
A section-by-section comparison of PNC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-03 vs the prior 10-Q · 2026-08-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +83 | −100 | ~138 | 163 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | −4 | ~2 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-03
Our corporate website is www.pnc.com, and we provide information for investors under “About – Investor Relations.” We use our account with X, @pncnews, as an additional way of disseminating to the public information that may be relevant to investors. In accordance with the Exchange Act, we file annu…
See page 103 for a glossary of certain terms and acronyms used in this Report.
Net income of $2.1 billion, or $4.97 per diluted common share, for the third quarter of 2026 increased $42 million, or 2%, compared to $2.1 billion, or $4.81 per diluted common share, for the second quarter of 2026, primarily due to lower noninterest expense and higher net interest income, partially…
•Net interest margin decreased 2 basis points to 2.94% reflecting growth in lower-yielding loans and higher funding costs.
•Noninterest income of $2.4 billion decreased $412 million, or 15%, reflecting negative $25 million of net Visa activity compared with $363 million of net Visa activity in the second quarter of 2026, as well as lower capital markets advisory revenue. The second quarter also included $139 million of …
Text removed vs the prior filing · source: 10-Q · 2026-08-05
See page 102 for a glossary of certain terms and acronyms used in this Report.
Net income of $2.1 billion, or $4.81 per diluted common share, for the second quarter of 2026 increased $283 million, or 16%, compared to $1.8 billion, or $4.13 per diluted common share, for the first quarter of 2026, primarily due to higher noninterest income and net interest income, partially offs…
•Noninterest income of $2.8 billion increased $564 million, or 26%, reflecting higher capital markets and advisory revenue as well as $6 million of integration costs related to the FirstBank acquisition and second quarter significant items including:
•A $448 million gain resulting from PNC’s participation in the Visa exchange program;
•A securities loss of $139 million related to the repositioning of the available-for-sale investment securities portfolio; and
Controls & procedures
Text removed vs the prior filing · source: 10-Q · 2026-08-05
As permitted by SEC guidance that an assessment of internal controls over financial reporting of a recently acquired business may be
excluded from management’s evaluation of disclosure controls and procedures for up to a year from the date of acquisition, we have
excluded FirstBank from management’s reporting on internal control over financial reporting for the quarter ended June 30, 2026.
We evaluated the effectiveness of internal controls over financial reporting through the integration of FirstBank with that of PNC and PNC Bank and made changes to our internal control framework, as necessary. As of close on January 5, 2026, and prior to purchase accounting adjustments, FirstBank ha…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice