PNC Financial Services Q3 net income rises

PNC Financial Services

15/10/2025 11:42

Overview

PNC Q3 revenue beats expectations, growing 9% yr/yr to $5.9 bln

Net income for Q3 rises to $1.8 bln, with diluted EPS at $4.35

PNC announced $4.1 bln acquisition of FirstBank on Sept. 8, expanding in Colorado and Arizona

Outlook

PNC expects FirstBank acquisition to close in early 2026

Company plans strategic expansion in Colorado and Arizona

Result Drivers

FEE INCOME GROWTH - Fee income increased 9% driven by broad-based growth across categories

CREDIT QUALITY - Strong credit quality with reduced net loan charge-offs and stable allowance for credit losses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$5.91 bln
$5.83 bln (15 Analysts)
Q3 EPS
$4.35
Q3 Net Income
$1.82 bln
Q3 Net Interest Income
$3.64 bln
Q3 Adjusted Net Interest Margin
2.79%
Q3 CET1 Capital Ratio
10.60%
Q3 Provision for Credit losses
$167 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 $225.00, about 15.7% above its October 14 closing price of $189.73

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nPn20DXqHa

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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.)