PNC Financial Services posted record quarterly revenue of $6.1 billion in 4Q25, a 3% year-over-year increase driven by net interest income of $3.7 billion (up 2%) and fee income growth of 3%. GAAP net income reached $1.9 billion, or $4.88 per diluted share, comfortably surpassing consensus forecasts of $4.19 per share and sub-$6 billion revenue. The bank achieved a net interest margin of 2.84%, up five basis points sequentially, and maintained an efficiency ratio of 59%, reflecting disciplined expense control against rising business volumes.

For the full year, PNC delivered net income of $7.0 billion, or $16.59 per share, representing 21% EPS growth over 2024. Total revenue climbed to $23.1 billion, up 7% year-over-year, with net interest income totaling $14.4 billion and noninterest income of $8.7 billion. Average loans expanded by 1% sequentially to $327.9 billion, while average deposits rose 2% to $439.5 billion. The common equity Tier 1 capital ratio remained robust at 10.6%, underscoring PNC’s solid capital position following the closing of the FirstBank acquisition.

PNC expects 2026 revenue growth of approximately 11% and net interest income growth near 14%, driven by loan expansion and continued repricing benefits, with average loans projected to rise 8%. The bank anticipates positive operating leverage of roughly 400 basis points and plans share repurchases of $600–700 million in Q1. The board declared a quarterly dividend of $1.70 per share, reflecting a commitment to returning capital, and management cited ongoing integration of FirstBank and targeted expansion in Sun Belt markets as key growth drivers.