Logotype for The PNC Financial Services Group Inc

The PNC Financial Services Group (PNC) investor relations material

The PNC Financial Services Group Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for The PNC Financial Services Group Inc
Q3 2025 earnings summary15 Oct, 2025

Executive summary

  • Net income for Q3 2025 was $1.8 billion, or $4.35 per share, with record revenue and strong fee growth, supported by higher net interest income and broad-based customer and deposit growth.

  • Credit quality remained strong, with a net charge-off ratio of 0.22% and CET1 capital ratio at 10.6%.

  • Announced agreement to acquire FirstBank for $4.1 billion, expected to triple branch footprint in Colorado and add presence in Arizona, with closing anticipated in early 2026.

  • Record non-interest income and fee growth, with well-controlled expenses and positive operating leverage.

  • Maintained strong capital position and returned $1 billion to shareholders in Q3 through dividends and share repurchases.

Financial highlights

  • Q3 total revenue reached $5.9 billion, up 4% sequentially and 9% year-over-year; net interest income was $3.6 billion, up 3% sequentially and 7% year-over-year.

  • Non-interest income was $2.3 billion, up 8% sequentially and 12% year-over-year, with fee income up 9% sequentially.

  • Non-interest expense was $3.5 billion, up 2% sequentially and 4% year-over-year, mainly due to higher personnel and technology costs.

  • Tangible book value per share increased 4% sequentially and 11% year-over-year to $107.84.

  • Efficiency ratio improved to 59%, reflecting well-controlled expenses.

Outlook and guidance

  • Q4 2025 guidance: average loans stable to up 1%, net interest income expected to be stable to down 1.5%, and fee income down ~3% due to elevated Q3 levels.

  • Net charge-offs for Q4 projected at $200–$225 million.

  • Share repurchases in Q4 expected at $300–$400 million.

  • Baseline forecast anticipates GDP growth below 2% in 2025–2026, unemployment peaking above 4.5% in mid-2026, and three federal funds rate cuts by early 2026.

  • NIM expected to exceed 3% in 2026; NII growth for 2025 at 6.5%, with higher growth in 2026.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next The PNC Financial Services Group earnings date

Logotype for The PNC Financial Services Group Inc
Q4 202516 Jan, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next The PNC Financial Services Group earnings date

Logotype for The PNC Financial Services Group Inc
Q4 202516 Jan, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

The Pillar of Pittsburgh

The PNC Financial Services Group, popularly known as PNC Bank, is a well-established US bank. Founded in Pittsburgh, Pennsylvania in 1845, PNC has become a significant figure in the financial world, offering a wide range of services such as retail banking, asset management, corporate and institutional banking, and residential mortgage banking. With its merger with BBVA USA in 2021, PNC has expanded its footprint significantly, operating in more than 30 states across the country, thus solidifying its position as one of the largest banks in the United States.

Pittsburgh Born and Bred

Pittsburgh has been home to PNC Bank since its inception. It started as the Pittsburgh Trust and Savings Company and later merged with the Provident National Corporation to form PNC. Despite its nationwide growth and expansion, the bank’s roots are still very much embedded in Pittsburgh. While PNC now operates on a much larger scale, it has maintained its close connection to the community and has its headquarters in the city’s downtown, being an active contributor to the economic and cultural life of Pittsburgh. One clear example of this is the Pittsburgh Pirates MLB team, who play all of their home games at a ballpark to which PNC owns the naming rights.

Diversified Banking Services

The bank's main business segments include retail banking, asset management, corporate and institutional banking, and residential mortgage banking. Retail banking offers deposit, lending, brokerage, investment management, mortgages, and other traditional services to private individuals and small business customers.

The asset management segment provides wealth management, asset management, and retirement plans. The corporate and institutional banking segment provides lending, treasury management, and capital markets-related products and services.

All in all, the offerings that PNC provides for its customers are more or less in line with the other big banks that they compete against. When looking at the competition, we find names such as Citigroup, JPMorgan, Wells Fargo, and many others.

Preparation for the Digital Era

The digital revolution has affected every industry, and banking is no exception. PNC Bank has made strides to ensure that it remains relevant in the digital age. One way the bank has done this is by introducing Virtual Wallet, a mobile and online banking experience, which brings together banking, budgeting, and savings. This is a clear example of how PNC, like many banks today, continues to improve its digital offerings as customer preferences continue to shift toward online banking.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage