01—Abstract
Summary
Summary of the 10-K filed February 20, 2026. Cited figures are marked; the original filing is the authoritative source.
PNC Financial Services Group, Inc. (PNC) reported a strong financial performance for the fiscal year ended December 31, 2025.
The company saw a significant increase in net income to $7.0 billiona, or $16.59 per diluted share, up 18% from the previous year. This growth was driven by higher net interest income and noninterest income, reflecting a robust increase in total revenue to $23.1 billion. Key drivers of this performance include a 7% rise in net interest income to $14.4 billion, attributed to lower funding costs and loan growth, and an 8% increase in noninterest income to $8.7 billion, boosted by capital markets, advisory, card, and cash management services.
The company also demonstrated sound credit quality, with net charge-offs decreasing significantly compared to the prior year. PNC maintained a strong capital position, with its Common Equity Tier 1 (CET1) ratio increasing to 10.6%b. The company also announced the completion of its acquisition of FirstBank Holding Company on January 5, 2026, which is expected to be accretive to earnings.
02—Key points
Key Highlights
- Net income increased by 18% to $7.0 billion ($16.59 per diluted share) in 2025.
- Total revenue grew by 7% to $23.1 billion.
- Net interest income rose by 7% to $14.4 billion, with net interest margin improving to 2.83%.
- Noninterest income increased by 8% to $8.7 billion, driven by strength in capital markets, advisory, and card/cash management services.
- Provision for credit losses decreased slightly to $779 million from $789 million in 2024.
- Net charge-offs decreased by 29% to $0.7 billion, reflecting improved credit quality.
- Common Equity Tier 1 (CET1) capital ratio improved to 10.6% at year-end 2025.
- Acquisition of FirstBank Holding Company completed on January 5, 2026, expanding asset base by $26.4 billion.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-KFY2025filed February 20, 2026Financial Statements
FY2025 against FY2024
| Line item | FY2025FY2024 | Change |
|---|---|---|
| Revenue | $23.10B$21.55B | +7.2% |
| Net Income | $7.00B$5.95B | +17.5% |
| EPS (Basic) | $16.60$13.76 | +20.6% |
| EPS (Diluted) | $16.59$13.74 | +20.7% |
| Shares Outstanding (Basic) | 396.00M399.00M | −0.8% |
| Shares Outstanding (Diluted) | 396.00M400.00M | −1.0% |
05—Questions
Frequently Asked Questions
What was PNC's net income and earnings per share for 2025?
PNC reported a net income of $7.0 billion, or $16.59 per diluted share, for the year ended December 31, 2025. This represents an 18% increase compared to the previous year.
How did PNC's net interest income and margin perform in 2025?
Net interest income increased by 7% to $14.4 billion in 2025, driven by lower funding costs and loan growth. The net interest margin also improved to 2.83% from 2.66% in 2024.
What is the significance of the FirstBank Holding Company acquisition?
PNC completed the acquisition of FirstBank Holding Company on January 5, 2026. FirstBank added $26.4 billion in assets, $16.0 billion in loans, and $23.1 billion in deposits to PNC's balance sheet, and its financial results are now included in PNC's consolidated operations starting in Q1 2026. This acquisition is expected to be accretive to earnings.
How did PNC manage its credit quality in 2025?
PNC demonstrated strong credit quality in 2025. Net charge-offs decreased by 29% to $0.7 billion, or 0.23% of average loans, compared to 2024. The Allowance for Loan and Lease Losses (ALLL) to total loans ratio remained stable at 1.58%.
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