PNC FINANCIAL SERVICES GROUP (PNC) Company Report

Total average loans reached $327.9 billion, up 1% sequentially and 3% year-over-year.
Commercial & Industrial loans grew 8% YoY (+$14.6 billion), while Commercial Real Estate and Consumer loans fell 2% and 1%, respectively.
Total loan yield declined 16 bps sequentially to 5.60%, down from 5.76% in Q3 2025.

7 days ago

8-K

PNC Financial reports Q4 2025 results

PNC

Earnings

Guidance Update

M&A

Record full-year 2025 results: net income of $7.0 billion, diluted EPS $16.59 (+21% YoY)
Q4 2025 revenue of $6.07 billion (+9% YoY) driven by net interest income of $3.73 billion (+6%) and net interest margin of 2.84% (+9 bps)
Average loans of $327.9 billion (+3% YoY) and deposits of $440 billion (+4% YoY); provision for credit losses $139 million, net loan charge-off ratio 0.20%
Noninterest expense of $3.60 billion (+2% YoY) delivered 5% positive operating leverage
Closed acquisition of FirstBank on January 5, 2026, adding $16 billion loans and $23 billion deposits; full-year 2026 guidance: net interest income +14%, total revenue +11%

7 days ago

Presentation

PNC reports Q4 2025 results

PNC

Earnings

Guidance Update

M&A

Full-year 2025 net income of $7.0 billion and EPS of $16.59, driven by record revenue, 5% operating leverage, and 21% EPS growth year-over-year.
Q4 2025 results: total revenue of $6.1 billion, PP&R of $2.5 billion, and net income of $2.0 billion or $4.88 per share.
2026 guidance includes 8% average loan growth, 11% total revenue growth (14% NII, 6% non-interest income), 7% expense growth excluding $325 million in integration costs, a 19.5% tax rate, and 400 bps positive operating leverage.
Acquisition of First Bank closed January 5, 2026; integration is expected to add ~$1 per share to 2027 results, with $325 million of one-time merger costs and a 40 bps CET1 ratio impact.
Capital return: Q4 returned $1.1 billion (dividends $676 million, buybacks $400 million) and plans to raise quarterly repurchases to $600–700 million.

7 days ago

Transcript

PNC reports strong Q4 2025 results and provides 2026 guidance

PNC

Earnings

Guidance Update

Share Buyback

PNC’s Q4 2025 loans averaged $328 billion (+1% linked quarter), deposits $440 billion (+2%), CET1 ratio 10.6% (9.8% incl. AOCI), and tangible book value $112.51 per share (+4% linked, +18% YoY); returned $1.1 billion of capital—$676 million in dividends and $400 million in buybacks—and plans to increase quarterly repurchases to $600–700 million.
Record Q4 revenue of $6.1 billion (+3% linked) and net income of $2.0 billion (EPS $4.88); full-year 2025 net income rose by $1 billion to $7 billion and EPS to $16.59 (+21%), with 7% revenue growth and 2% expense growth driving 5% positive operating leverage.
2026 guidance (including First Bank acquisition): average loan growth ~8%, total revenue up ~11% (net interest income +14%, non-interest income +6%), non-interest expense +7% (excl. $325 million integration costs), effective tax rate ~19.5%, and 400 bps of positive operating leverage; Q1 2026 revenue +2–3%, net interest income +6%, and net charge-offs $200 million.
CapEx and technology spend to exceed $3.5 billion (+10% YoY) in 2026—with AI accounting for 20% of the increase—supporting branch builds, payments modernization, cloud-native platforms, and automation; PNC achieved ~30 bps of operating leverage from 2022–25 and anticipates an additional ~40 bps by 2030 via AI and efficiency initiatives.

7 days ago

Transcript

PNC reports Q4 2025 results

PNC

Earnings

Guidance Update

M&A

PNC reported record Q4 revenue of $6.1 billion (+3% QoQ) and Q4 net income of $2.0 billion (EPS $4.88) ; full-year net income reached $7.0 billion (EPS $16.59, +21% YoY).
Completed acquisition of FirstBank on January 5, 2026, expecting $1 per share annual EPS run rate by end-2026 and incurring $325 million of integration costs in H1 2026.
For full‐year 2026, guides average loan growth ~8%, total revenue +11% (net interest income +14%, non-interest income +6%), non-interest expense +7% (ex-integration), effective tax rate ~19.5%, driving ~400 bps of positive operating leverage.
Maintained strong capital: CET1 ratio 10.6% (9.8% incl. AOCI), tangible book value $112.51 (+4% QoQ); returned $1.1 billion in Q4 to shareholders (dividends $676 million, buybacks $400 million) and plans quarterly buybacks of $600–700 million.

7 days ago

Transcript

PNC posts record 2025 results

PNC

Earnings

Share Buyback

Guidance Update

PNC reported record $7.0 billion in net income for 2025 and full-year diluted EPS of $16.59, while Q4 revenue hit $6.07–6.10 billion with EPS of $4.88.
Net interest income rose to $3.73 billion and net interest margin improved to 2.84% (up 5 bps) in Q4, as capital markets and advisory fees jumped to $489 million.
The FirstBank acquisition closed Jan. 5, adding $26 billion of assets, $16 billion of loans and $23 billion of deposits; PNC approved $600–700 million in Q1 share buybacks and a $1.70 dividend.
Management guides to double-digit NII and revenue growth in 2026 (about 14% NII growth) but warns integration spending, higher charge-offs and rate sensitivity could pressure near-term results.

7 days ago

Bloomberg

PNC Reports Full Year 2025 Results

PNC

Earnings

Share Buyback

M&A

PNC Financial Group posted record full-year 2025 revenue of $23.1 billion, net income of $7.0 billion and diluted EPS of $16.59.
In Q4 2025, net income was $2.0 billion with diluted EPS of $4.88, total revenue of $6.07 billion, NIM of 2.84% and fee income up 3% sequentially.
Returned $1.1 billion of capital to shareholders in 4Q 2025, including $0.7 billion in dividends and $0.4 billion of share repurchases.
Completed the acquisition of FirstBank on January 5, 2026, adding $26 billion of assets, $16 billion of loans and $23 billion of deposits to PNC’s balance sheet.

7 days ago

8-K

PNC Reports Full-Year 2025 Net Income of $7.0 Billion, $16.59 EPS

PNC

Earnings

Share Buyback

M&A

Reported full-year 2025 net income of $6.997 billion and diluted EPS of $16.59, reflecting 21% EPS growth year-over-year.
Achieved record total revenue of $23.099 billion (up 7%), with net interest income of $14.410 billion (up 7%), net interest margin of 2.83%, and noninterest income of $8.689 billion (up 8%).
Returned $1.1 billion of capital to shareholders in 2025 via $0.7 billion in dividends and $0.4 billion in share repurchases, and plans $600–700 million of repurchases in Q1 2026.
Completed the acquisition of FirstBank on January 5, 2026, adding $26 billion of assets, $16 billion of loans and $23 billion of deposits.

7 days ago

Press Release

PNC announces redemption of 4.758% Senior Notes due January 26, 2027

PNC

On Jan. 26, 2026, PNC will redeem $1.25 billion of 4.758% Fixed Rate/Floating Rate Senior Notes originally due Jan. 26, 2027 at 100% of principal plus accrued and unpaid interest.
Interest on these notes will cease to accrue on the redemption date.
Redemption payments will be made through The Depository Trust Company facilities.

8 days ago

Press Release

PNC Financial Services Group redeems senior notes due 2027

PNC

All outstanding $500 million Senior Floating Rate Bank Notes due Jan. 15, 2027 will be redeemed on Jan. 15, 2026 at 100% of principal plus accrued interest.
All outstanding $1.25 billion 4.775% Senior Fixed Rate/Floating Rate Notes due Jan. 15, 2027 will be redeemed on Jan. 15, 2026 at 100% of principal plus accrued interest.
Interest on both series will cease to accrue on the redemption date, with payment made through The Depository Trust Company.

Jan 6, 2026, 1:53 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for PNC FINANCIAL SERVICES GROUP.

Q4 2025

Jan 16, 2026

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Q3 2025

Oct 15, 2025

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Q2 2025

Jul 16, 2025

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PNC FINANCIAL SERVICES GROUP (PNC)

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