filings.toolsItem 1A. RISK FACTORS
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Item 1A. RISK FACTORS
There are no material changes from any of the risk factors previously disclosed in our 2025 Form 10-K in response to Part I, Item 1A.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Unregistered Sales of Equity Securities
None.
102 The PNC Financial Services Group, Inc. – Form 10-Q
Equity Security Repurchases
Details of our repurchases of PNC common stock during the second quarter of 2026 are included in the following table.
| 2026 period In thousands, except per share data | Total shares purchased (a) | Average price paid per share | Total shares purchased as part of publicly announced programs (b) | Maximum number of shares that may yet be purchased under the programs (b) | ||||||||||
| April 1 - 30 | 1,140 | $ | 216.21 | 1,119 | 30,431 | |||||||||
| May 1 - 31 | 816 | $ | 217.74 | 816 | 29,615 | |||||||||
| June 1 - 30 | 800 | $ | 233.27 | 799 | 28,816 | |||||||||
| Total | 2,756 | $ | 223.37 | 2,734 |
(a)Includes PNC common stock purchased in connection with our various employee benefit plans generally related to forfeitures of unvested restricted stock awards and shares used to cover employee payroll tax withholding requirements. See Note 16 Employee Benefit Plans and Note 17 Stock Based Compensation Plans in our 2025 Form 10-K, which include additional information regarding our employee benefit and equity compensation plans that use PNC common stock.
(b)The SCB framework permits capital return in amounts in excess of SCB minimum levels. Consistent with this framework, PNC had approximately 29% of the 100 million common shares still available for repurchase at June 30, 2026 under the repurchase program previously approved by our Board of Directors. Share repurchase activity in the third quarter of 2026 is expected to approximate second quarter of 2026 share repurchase levels. PNC may adjust share repurchase activity depending on market and economic conditions, as well as other factors. PNC’s SCB will be maintained at the regulatory minimum of 2.5% through September 30, 2027.
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