PNC Financial CEO Demchak says he is not over eager to buy banks

PNC Financial Services

09/12/2025 18:36

Dec 9 (Reuters) - PNC Financial PNC.N CEO Bill Demchak pushed back on industry speculation that he was overly eager to buy banks, laying out his criteria for any potential purchases.

“Every single financial metric we look at we're basically bottom of our peer group this year. All because people think I will do something stupid. So it's really frustrating,” he told investors on Tuesday at a conference.

Demchak also said share buybacks will be larger next year.

 (Reporting by Tatiana Bautzer and Lananh Nguyen in New York and Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))