Earnings summaries and quarterly performance for PNC FINANCIAL SERVICES GROUP.
Executive leadership at PNC FINANCIAL SERVICES GROUP.
Board of directors at PNC FINANCIAL SERVICES GROUP.
AF
Andrew Feldstein
Detailed
Presiding Director
BS
Bryan Salesky
Detailed
Director
DH
Daniel Hesse
Detailed
Director
DC
Debra Cafaro
Detailed
Director
DD
Douglas Dachille
Detailed
Director
JA
Joseph Alvarado
Detailed
Director
LM
Linda Medler
Detailed
Director
MR
Marjorie Rodgers Cheshire
Detailed
Director
MP
Martin Pfinsgraff
Detailed
Director
RK
Renu Khator
Detailed
Director
RH
Richard Harshman
Detailed
Director
RN
Robert Niblock
Detailed
Director
Research analysts who have asked questions during PNC FINANCIAL SERVICES GROUP earnings calls.
BG
Betsy Graseck
Morgan Stanley
8 questions for PNC
Also covers: BAC, BK, C +8 more
Gerard Cassidy
RBC Capital Markets
8 questions for PNC
Also covers: BAC, BK, BPOP +14 more
JP
John Pancari
Evercore ISI
8 questions for PNC
Also covers: ALLY, AXP, BFH +19 more
Ebrahim Poonawala
Bank of America Securities
7 questions for PNC
Also covers: , BK, BMO +31 more
Erika Najarian
UBS
6 questions for PNC
Also covers: AXP, BAC, C +14 more
SS
Scott Siefers
Piper Sandler
6 questions for PNC
Also covers: ASB, CFG, FITBI +7 more
KU
Ken Usdin
Autonomous Research
5 questions for PNC
Also covers: BAC, BK, C +12 more
MM
Mike Mayo
Wells Fargo
5 questions for PNC
Also covers: BAC, BK, C +11 more
Bill Carcache
Wolfe Research, LLC
4 questions for PNC
Also covers: BFH, CMA, COF +10 more
CM
Chris McGratty
KBW
4 questions for PNC
Also covers: BAC, C, CBC +18 more
MO
Matthew O'Connor
Deutsche Bank
4 questions for PNC
Also covers: BAC, C, CFG +11 more
MO
Matt O'Connor
Deutsche Bank
3 questions for PNC
Also covers: BAC, CFG, HBAN +7 more
MM
Michael Mayo
Wells Fargo
3 questions for PNC
Also covers: BAC, BK, C +10 more
SM
Saul Martinez
HSBC
3 questions for PNC
Also covers: AXP, BAC, C +7 more
JM
John McDonald
Truist Securities
2 questions for PNC
Also covers: ABCB, BAC, C +8 more
SC
Steven Chubak
Wolfe Research
2 questions for PNC
Also covers: AMP, AMTD, APO +20 more
Christopher McGratty
Keefe, Bruyette & Woods
1 question for PNC
Also covers: ASB, BAC, BANC +35 more
DG
David George
Baird
1 question for PNC
Also covers: CMA
EP
Ebrahim Poonawalla
Bank of America
1 question for PNC
Also covers: BMO, BNS, MTB +2 more
KU
Kenneth Usdin
Jefferies
1 question for PNC
Also covers: BK, C, FITB +7 more
LE
L. Erika Penala
UBS
1 question for PNC
Also covers: AXP, BAC, CFG +9 more
RS
R. Scott Siefers
Piper Sandler Companies
1 question for PNC
Also covers: ASB, CFG, FITB +6 more
SS
Scott Seifers
Piper Sandler
1 question for PNC
Also covers: MTB
SA
Steven Alexopoulos
JPMorgan Chase & Co.
1 question for PNC
Also covers: BAC, C, CFG +10 more
Recent press releases and 8-K filings for PNC.
PNC Financial outlines 2026 guidance at Bank of America conference
PNC
Guidance Update
Share Buyback
- PNC remains constructive on the 2026 macro outlook, citing momentum from 2025, a stabilized labor market, tax-stimulus effects, and limited tariff headwinds.
- Full-year 2026 loan growth is guided to 8% (including FirstBank), with standalone PNC growth of ~4%; fourth-quarter loan generation was the strongest in years and CRE headwinds are expected to inflect by late Q1.
- Net interest income is projected to grow 14% in 2026 (8% PNC standalone), driven by repricing of $50 B in fixed-rate assets, and net interest margin is expected to exceed 3% in H2 2026.
- PNC has delivered positive operating leverage in 10 of the last 11 years, targets 400 bps in 2026 (sustainable at ~200 bps), and exited 2025 with ROTCE near 18%, aiming to return to 18% by early 2027.
- Capital return includes $600–$700 M in quarterly share buybacks; despite trading above 2x tangible book, buybacks continue supported by robust capital generation.
Feb 10, 2026, 4:20 PM
PNC Financial projects constructive 2026 guidance and 18% ROTCE target
PNC
Guidance Update
Share Buyback
M&A
- PNC is constructive on 2026 macro conditions, guiding 8% loan growth including FirstBank acquisition (≈4% standalone) and expecting continued strong quarterly loan generation as CRE headwinds inflect by late Q1 2026.
- Net interest revenue is guided to grow 14% in 2026 (8% standalone), driven by $50 B of fixed-rate asset repricing and loan growth, with NIM expected to exceed 3% in H2 2026.
- The bank targets 400 bps of positive operating leverage in 2026 (mid-cycle sustainable target of 200 bps) through continuous improvement and disciplined expense management.
- ROTCE is expected to reach 18% by end-2026, supported by high-return fee businesses (~40% of revenues) and robust capital generation, enabling continued share buybacks even above 2× tangible book value.
- Strategic investments include 300 new branches in growth markets, nationalizing data centers for operational resilience, and targeting $1.5 B of AI-driven cost savings across key operations.
Feb 10, 2026, 4:20 PM
PNC Financial Services Group updates 2026 guidance
PNC
Guidance Update
New Projects/Investments
Share Buyback
- 2026 guidance: Loan growth up 8% (including FirstBank; standalone ~4%) with net interest income rising 14% (incl. FirstBank; standalone ~8%) and net interest margin exceeding 3% in H2 2026; ROTCE targeted at 18% by early 2027
- Loan momentum: Q4 2025 delivered the strongest quarterly loan generation in years, particularly on the commercial side, with CRE headwinds expected to inflect late Q1 and C&I growth outpacing industry H.8 benchmarks
- Investments: Plans to open 300 new branches over five years (26 in 2025; ~55 in 2026) to boost deposit growth (3% in 2025), alongside nationalizing data centers and targeting $1.5 billion of addressable AI-driven cost savings
- Efficiency & capital: PNC has delivered positive operating leverage in 9 of the last 10 years (excluding 2021), targeting 200 bps sustainable oplev, while maintaining share buybacks at $600–700 million/qtr above 2× P/TBV and anticipating a $40 billion reduction in RWA under Basel III Endgame
Feb 10, 2026, 4:20 PM
PNC Financial issues $3 Billion of Subordinated and Senior Notes
PNC
Debt Issuance
- Completed public offering of $1.5 billion 5.423% fixed-rate reset subordinated notes due January 25, 2041 on January 26, 2026.
- Simultaneously sold $1.2 billion 4.075% fixed/floating rate senior notes and $300 million senior floating rate notes, both due January 26, 2029.
- Underwriters for all series included PNC Capital Markets LLC, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC under agreements dated January 21, 2026.
- Issuance effected under existing indentures with The Bank of New York Mellon as trustee; prospectus supplements filed January 22, 2026.
Jan 26, 2026, 9:03 PM
PNC Financial Services reports C&I-driven loan growth in Q4 2025
PNC
Earnings
- 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.
Jan 16, 2026, 4:48 PM
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%
Jan 16, 2026, 2:00 PM
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.
Jan 16, 2026, 2:00 PM
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.
Jan 16, 2026, 2:00 PM
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.
Jan 16, 2026, 2:00 PM
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.
Jan 16, 2026, 11:43 AM
Quarterly earnings call transcripts for PNC FINANCIAL SERVICES GROUP.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more