{"id":928055,"date":"2026-01-16T06:37:32","date_gmt":"2026-01-16T11:37:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-reports-full-year-2025-net-income-of-7-0-billion-16-59-diluted-eps\/"},"modified":"2026-01-16T06:37:32","modified_gmt":"2026-01-16T11:37:32","slug":"pnc-reports-full-year-2025-net-income-of-7-0-billion-16-59-diluted-eps","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pnc-reports-full-year-2025-net-income-of-7-0-billion-16-59-diluted-eps\/","title":{"rendered":"PNC Reports Full Year 2025 Net Income of $7.0 Billion, $16.59 Diluted EPS"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n Generated Record Revenue and 5% Positive Operating Leverage<\/b>\n <\/p>\n

\n Increases Planned Share Repurchases<\/b>\n <\/p>\n

\n Fourth Quarter 2025 net income was $2.0 Billion, $4.88 Diluted EPS<\/b>\n <\/p>\n

\n Grew NII, NIM and noninterest income; increased loans and deposits<\/b>\n <\/p>\n

\n Closed FirstBank Acquisition on Jan. 5, 2026<\/b>\n <\/p>\n

\n PITTSBURGH<\/span>, Jan. 16, 2026<\/span> \/PRNewswire\/ — The\u00a0PNC Financial Services Group, Inc. (NYSE: PNC) today reported:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n For the quarter<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n For the year<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n In millions, except per share data and as noted<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 4Q25<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 3Q25<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Fourth Quarter Highlights<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Financial Results<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n Comparisons reflect 4Q25 vs. 3Q25<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net interest income (NII)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a03,731<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a03,648<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a014,410<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a013,499<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Income Statement<\/b>
\n <\/span>\n <\/p>\n

    \n
  • \n Record revenue of $6.1 billion
    increased 3%<\/p>\n

    <\/span><\/p>\n

      \n
    • \n NII increased 2%; NIM of 2.84%
      increased 5 bps<\/p>\n

      <\/span>\n <\/li>\n

    • \n Fee income increased 3% driven
      by higher capital markets and
      advisory fees<\/p>\n

      <\/span>\n <\/li>\n

    • \n Other noninterest income of <\/span>
      \n $217<\/span>
      \n
      \n
      million included negative $41
      million of Visa derivative
      adjustments<\/p>\n

      <\/span>\n <\/li>\n<\/ul>\n<\/li>\n

    • \n Noninterest expense increased 4%<\/p>\n

      <\/span><\/p>\n

        \n
      • \n Efficiency ratio of <\/span>
        \n 59%<\/p>\n

        <\/span>\n <\/li>\n<\/ul>\n<\/li>\n

      • \n Effective tax rate of 12.7% reflected
        favorable resolution of several tax
        matters<\/span>\n <\/li>\n<\/ul>\n

        \n
        \n \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Balance Sheet <\/b>
        \n <\/span>\n <\/p>\n

          \n
        • \n Average loans increased $2.0 billion,
          or 1%<\/p>\n

          <\/span>\n <\/li>\n

        • \n Average deposits grew $7.7 billion,
          or 2%<\/p>\n

          <\/span>\n <\/li>\n

        • \n Net loan charge-offs were $162
          million, or 0.20% annualized to
          average loans<\/p>\n

          <\/span>\n <\/li>\n

        • \n AOCI improved <\/span>
          \n $0.7<\/span>
          \n billion to
          negative $3.4 billion<\/p>\n

          <\/span>\n <\/li>\n

        • \n TBV per share increased 4% to
          <\/span>
          \n $112.51<\/p>\n

          <\/span>\n <\/li>\n

        • \n Maintained strong capital position<\/p>\n

          <\/span><\/p>\n

            \n
          • \n CET1 capital ratio of 10.6%<\/p>\n

            <\/span>\n <\/li>\n

          • \n $0.7 billion of common dividends<\/p>\n

            <\/span>\n <\/li>\n

          • \n $0.4 billion of share repurchases<\/span>\n <\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n

\n Fee income (non-GAAP)<\/i><\/span>\n <\/p>\n<\/td>\n

\n

\n 2,123<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,069<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 7,925<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,345<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Other noninterest income<\/span>\n <\/p>\n<\/td>\n

\n

\n 217<\/span>\n <\/p>\n<\/td>\n

\n

\n 198<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 764<\/span>\n <\/p>\n<\/td>\n

\n

\n 711<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Noninterest income<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,340<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,267<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 8,689<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,056<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,071<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,915<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 23,099<\/span>\n <\/p>\n<\/td>\n

\n

\n 21,555<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Noninterest expense<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,603<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,461<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 13,834<\/span>\n <\/p>\n<\/td>\n

\n

\n 13,524<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Pretax, pre-provision earnings (PPNR) (non-GAAP)<\/i><\/span>\n <\/p>\n<\/td>\n

\n

\n 2,468<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,454<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 9,265<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,031<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Provision for credit losses<\/span>\n <\/p>\n<\/td>\n

\n

\n 139<\/span>\n <\/p>\n<\/td>\n

\n

\n 167<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 779<\/span>\n <\/p>\n<\/td>\n

\n

\n 789<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net income <\/span>\n <\/p>\n<\/td>\n

\n

\n 2,033<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,822<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 6,997<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,953<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Per Common Share <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Diluted earnings per share (EPS)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a04.88<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a04.35<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a016.59<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a013.74<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Average diluted common shares outstanding<\/span>\n <\/p>\n<\/td>\n

\n

\n 394<\/span>\n <\/p>\n<\/td>\n

\n

\n 396<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 396<\/span>\n <\/p>\n<\/td>\n

\n

\n 400<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Book value<\/span>\n <\/p>\n<\/td>\n

\n

\n 140.44<\/span>\n <\/p>\n<\/td>\n

\n

\n 135.67<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 140.44<\/span>\n <\/p>\n<\/td>\n

\n

\n 122.94<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Tangible book value (TBV) (non-GAAP)<\/i><\/span>\n <\/p>\n<\/td>\n

\n

\n 112.51<\/span>\n <\/p>\n<\/td>\n

\n

\n 107.84<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 112.51<\/span>\n <\/p>\n<\/td>\n

\n

\n 95.33<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Balance Sheet & Credit Quality <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Average loans \u00a0In billions<\/i><\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0327.9<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0325.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $\u00a0\u00a0\u00a0323.4<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0319.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Average securities\u00a0\u00a0\u00a0 In billions<\/i><\/span>\n <\/p>\n<\/td>\n

\n

\n 142.2<\/span>\n <\/p>\n<\/td>\n

\n

\n 144.4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 142.7<\/span>\n <\/p>\n<\/td>\n

\n

\n 140.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Average deposits\u00a0\u00a0 \u00a0In billions<\/i><\/span>\n <\/p>\n<\/td>\n

\n

\n 439.5<\/span>\n <\/p>\n<\/td>\n

\n

\n 431.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 428.8<\/span>\n <\/p>\n<\/td>\n

\n

\n 421.2<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Accumulated other comprehensive income (loss) (AOCI) <\/span>\n <\/p>\n

\n
\n In billions<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (3.4)<\/span>\n <\/p>\n<\/td>\n

\n

\n (4.1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (3.4)<\/span>\n <\/p>\n<\/td>\n

\n

\n (6.6)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net loan charge-offs<\/span>\n <\/p>\n<\/td>\n

\n

\n 162<\/span>\n <\/p>\n<\/td>\n

\n

\n 179<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 744<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,041<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Allowance for credit losses to total loans<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.58\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.61\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 1.58\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.64\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Selected Ratios<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Return on average common shareholders’ equity<\/span>\n <\/p>\n<\/td>\n

\n

\n 14.33\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 13.24\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 12.90\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 11.92\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Return on average assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.40<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.27<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 1.24<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.05<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net interest margin (NIM) (non-GAAP)<\/i><\/span>\n <\/p>\n<\/td>\n

\n

\n 2.84<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.79<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 2.83<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.66<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Noninterest income to total revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n 39<\/span>\n <\/p>\n<\/td>\n

\n

\n 38<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 38<\/span>\n <\/p>\n<\/td>\n

\n

\n 37<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Efficiency<\/span>\n <\/p>\n<\/td>\n

\n

\n 59<\/span>\n <\/p>\n<\/td>\n

\n

\n 59<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 60<\/span>\n <\/p>\n<\/td>\n

\n

\n 63<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Effective tax rate<\/span>\n <\/p>\n<\/td>\n

\n

\n 12.7<\/span>\n <\/p>\n<\/td>\n

\n

\n 20.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 17.5<\/span>\n <\/p>\n<\/td>\n

\n

\n 17.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Common equity tier 1 (CET1) capital ratio<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.6<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 10.6<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n See non-GAAP financial measures in the Consolidated Financial Highlights accompanying this release. Totals may not sum
due to rounding.<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\n
\n From Bill Demchak, PNC Chairman and Chief Executive Officer:
<\/b>
\n <\/u>
\n “By virtually all measures, 2025 was a successful year. Strong execution across all business lines resulted in record revenue, well controlled expenses and 21% earnings per share growth. We’re entering 2026 with great momentum and are excited about the opportunities in front of us, including the recently closed acquisition of FirstBank.”<\/i>\n <\/p>\n

\n Acquisition of FirstBank<\/b>\n <\/p>\n