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Sep 30
PNC Q3 2025 Earnings Report
PNC reported strong third-quarter results with record revenue and solid credit quality.
Key Takeaways
PNC delivered a solid Q3 2025 with higher EPS and net income, driven by growth in both net interest and noninterest income, supported by strong loan and deposit growth and a stable credit environment.
Revenue reached a record $5.915 billion, up from $5.432 billion in Q3 2024.
EPS rose to $4.35, driven by higher net income of $1.822 billion.
Fee income grew 9% quarter-over-quarter, contributing to positive operating leverage.
PNC announced a $4.1 billion acquisition of FirstBank, expected to close in early 2026.
PNC
PNC
PNC Revenue by Segment
PNC Revenue by Geographic Location
Revenue by Segment
Retail Banking Revenue
CapyFin.comCorp & Institutional Revenue
CapyFin.comAsset Mgmt Group Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
PNC expects slower economic growth in 2025–2026, with potential Fed rate cuts and manageable credit conditions.
Positive Outlook
- Continued strength in capital position with CET1 at 10.6%
- Anticipated closing of FirstBank acquisition to expand presence in CO and AZ
- Improved credit performance and lower net charge-offs
- Operating leverage driven by fee income growth and cost control
- Robust deposit growth, especially in commercial banking
Challenges Ahead
- Net interest margin slightly declined due to rising deposits
- Provision for credit losses remained elevated at $167 million
- Visa derivative adjustments negatively impacted noninterest income
- Marketing and tech investment contributed to higher expenses
- Macroeconomic uncertainty and potential recession risks