PNC said net income for Q2 2025 was $1.6 billion, or $3.85 per diluted common share, an increase of $144 million, or 10%, compared to $1.5 billion, or $3.51 per diluted common share, for Q1 2025. The company said higher noninterest and net interest income were partially offset by a higher provision for credit losses.

1. 01

   PNC said net income for Q2 2025 was $1.6 billion, or $3.85 per diluted common share, an increase of $144 million, or 10%, compared to $1.5 billion, or $3.51 per diluted common share, for Q1 2025. The company said higher noninterest and net interest income were partially offset by a higher provision for credit losses.

2. 02

   PNC said net interest income for Q2 2025 was $3.6 billion, an increase of $79 million, or 2%, compared to Q1, and noninterest income was $2.1 billion, an increase of $130 million, or 7%. The company cited loan growth, the continued benefit of fixed rate asset repricing and one additional day in the quarter as factors driving the increase in net interest income.

3. 03

   PNC said total commercial loans as of June 30, 2025 increased $10.8 billion, or 5%, to $227.0 billion compared to December 31, 2024. The company said the allowance for credit losses related to loans at the same date was $5.3 billion, or 1.62% of total loans, and net loan charge-offs for Q2 were $198 million, or 0.25% of average loans.

4. 04

   PNC said it returned $1.0 billion of capital to shareholders in Q2 2025, including more than $0.6 billion of dividends on common shares and more than $0.3 billion of common share repurchases. The company said the PNC Board of Directors raised the quarterly cash dividend on common stock to $1.70 per share on July 3, 2025, an increase of 10 cents, or 6%.

Key figures

Quarter ended June 30, 2025

Revenue

$5.7B

Net income

$1.6B

EPS

$3.85

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.