PNC Financial beats Q4 revenue estimates, increases planned buybacks

PNC Financial Services

16/01/2026 11:45

Overview

Financial services firm's Q4 revenue beat analysts' expectations

Net interest income for Q4 met estimates

Company completed acquisition of FirstBank, expanding operations

Outlook

PNC plans share repurchases of $600 mln to $700 mln in Q1 2026

FirstBank acquisition to be included in Q1 2026 results

PNC sees momentum and opportunities post-FirstBank acquisition

Result Drivers

REVENUE GROWTH - Total revenue increased 3% due to higher net interest income and noninterest income, driven by lower funding costs and loan growth

NONINTEREST INCOME - Noninterest income rose 3%, driven by higher capital markets and advisory fees

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$6.07 bln
$5.96 bln (17 Analysts)
Q4 EPS
$4.88
Q4 Net Income
$2.03 bln
Q4 Net Interest Income
Meet
$3.73 bln
$3.73 bln (12 Analysts)
Q4 Adjusted Net Interest Margin
2.84%
Q4 CET1 Capital Ratio
10.60%
Q4 Provision for Credit losses
$139 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for PNC Financial Services Group Inc is $235.50, about 9.5% above its January 15 closing price of $215.04

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nPn9d47VBa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)