Today, PNC Financial announced that its fourth-quarter earnings increased by 27%, driven by higher interest income and a rebound in dealmaking.
The company’s total revenue for the fourth quarter of 2025 increased by $156 million from the third quarter of 2025 and by $504 million from the fourth quarter of 2024.
PNC’s capital markets and advisory revenue rose 41% to $489 million in Q4, driven by higher M&A activity.
PNC reported a full-year 2025 net income of $7.0 billion, with a diluted EPS of $16.59.
On January 5, 2026, PNC finalized its acquisition of FirstBank Holding Company and its banking subsidiary, FirstBank. Starting January 5, 2026, FirstBank’s financial results are integrated into PNC’s consolidated reports and will be reflected in PNC’s first quarter 2026 financial statements.
Bill Demchak, PNC Chairman and Chief Executive Officer, told investors, “By virtually all measures, 2025 was a successful year. Strong execution across all business lines resulted in record revenue, well controlled expenses and 21% earnings per share growth. We’re entering 2026 with great momentum and are excited about the opportunities in front of us, including the recently closed acquisition of FirstBank.”
Moving forward, the bank is set to ramp up buyback activity in 2026 as it looks to boost its share price.
PNC expects share repurchase activity to be between $600 million and $700 million in the first quarter of 2026.
By CEO NA Editorial Staff
