PNC said net income for Q3 2025 was $1.8 billion, or $4.35 per diluted common share, an increase of $179 million, or 11%, compared to $1.6 billion, or $3.85 per diluted common share, for Q2. The company cited higher noninterest and net interest income and a lower provision for credit losses as factors.

1. 01

   PNC said net income for Q3 2025 was $1.8 billion, or $4.35 per diluted common share, an increase of $179 million, or 11%, compared to $1.6 billion, or $3.85 per diluted common share, for Q2. The company cited higher noninterest and net interest income and a lower provision for credit losses as factors.

2. 02

   PNC said on September 8, 2025 it announced a definitive agreement to acquire FirstBank Holding Company for implied consideration of $4.1 billion. FirstBank operates 95 branches and as of June 30, 2025 had $26.8 billion in assets. The transaction is expected to close in early 2026, subject to receipt of all required approvals and other customary closing conditions.

3. 03

   PNC said net interest income for Q3 2025 was $3.6 billion, an increase of $93 million, or 3%, compared to Q2. Net interest margin decreased 1 basis point to 2.79%. The company cited the continued benefit of fixed rate asset repricing, loan growth and one additional day in the quarter as factors for the increase, and average commercial deposit growth of 5% as a factor for the margin decline.

4. 04

   PNC said in Q3 2025 it returned $1.0 billion of capital to shareholders, including $0.7 billion of dividends on common shares and $0.3 billion of common share repurchases. The company also said on October 2, 2025 the PNC Board of Directors declared a quarterly cash dividend on common stock of $1.70 per share.

Key figures

Quarter ended September 30, 2025

Revenue

$5.9B

Net income

$1.8B

EPS

$4.35

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.