The Pittsburgh-based institution intends to recommend a quarterly cash dividend increase of $0.30 per share to its board of directors, bringing the total payout to $2.00 per share. The board is scheduled to review this proposal during their upcoming meeting on July 6, 2026, aligned with the firm's existing capital plan.

This financial maneuver follows the latest Federal Reserve stress test results, which underscored the bank's stability. As of March 31, 2026, PNC reported a CET1 ratio of 10.1%, comfortably exceeding its 7.0% regulatory requirement. Furthermore, the bank’s stress capital buffer will remain at the 2.5% minimum until at least October 2027, providing a stable foundation for the planned dividend hike.