PNC showed strong financial performance with significant growth in net income, loans, and revenue. While there were some challenges, such as declines in commercial real estate loans and mortgage revenue, the company maintained a strong capital position and demonstrated effective cost management. Overall, the positive achievements and growth prospects outweigh the challenges.

Company Guidance -

Q3 2025

During the PNC Financial Services Group's second quarter 2025 earnings call, the company provided guidance indicating a positive outlook for the year. They reported a strong quarter with net income of $1.6 billion, or $3.85 per diluted share, and a 2% growth in loans primarily driven by commercial loan production. Revenue increased by 4%, while non-interest expenses remained stable, resulting in a 10% growth in pre-provision net revenue (PPNR). The company maintained a regulatory minimum stress capital buffer of 2.5% and a CET1 ratio of 9.4%. PNC's board approved a 6% increase in the common dividend. For the full year 2025, PNC expects average loans to grow by approximately 1%, net interest income to increase by 7%, and non-interest income to rise by 4% to 5%, while maintaining non-interest expenses growth at around 1%. The company anticipates a 1.5% GDP growth for the U.S. economy and a single interest rate cut by the Federal Reserve in December 2025.

Strong Net Income and Earnings Per Share

PNC reported net income of $1.6 billion or $3.85 per diluted share, reflecting strong financial performance.

Loan Growth Achievement

Loans grew 2%, driven by strong commercial loan growth with the highest level of new production in ten quarters.

Revenue and Operating Leverage

PNC increased revenue by 4% while maintaining stable non-interest expenses, achieving 4% positive operating leverage and 10% PPNR growth.

Dividend Increase

PNC's Board increased the common dividend by ten cents or 6%, demonstrating confidence in ongoing financial strength.

Asset Management Growth

Positive net flows in asset management and a 16% increase in new client acquisition, with significant growth in expansion markets.

Strong Deposit and Capital Position

Deposit balances increased by $2 billion, and PNC remains well-capitalized with a CET1 ratio of 9.4%.

Technology and Efficiency Improvements

PNC is on track to reduce costs by $350 million in 2025 through continuous improvement programs and technology investments.

PNC Financial (PNC) Earnings, Revenues Date & History

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PNC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 15, 2025	2025 (Q3)	3.99 / -	3.49	―	―	―
Jul 17, 2025	2025 (Q2)	3.55 / 3.85	3.39	13.57% (+0.46)
Apr 15, 2025	2025 (Q1)	3.38 / 3.51	3.1	13.23% (+0.41)
Jan 16, 2025	2024 (Q4)	3.33 / 3.77	1.85	103.78% (+1.92)
Oct 15, 2024	2024 (Q3)	3.30 / 3.49	3.6	-3.06% (-0.11)
Jul 16, 2024	2024 (Q2)	2.99 / 3.39	3.36	0.89% (+0.03)
Apr 16, 2024	2024 (Q1)	3.01 / 3.10	3.98	-22.11% (-0.88)
Jan 16, 2024	2023 (Q4)	2.12 / 1.85	3.47	-46.69% (-1.62)
Oct 13, 2023	2023 (Q3)	3.10 / 3.60	3.78	-4.76% (-0.18)
Jul 18, 2023	2023 (Q2)	3.31 / 3.36	3.39	-0.88% (-0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PNC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 17, 2025	$193.93	$195.99	+1.06%
Apr 15, 2025	$152.40	$152.46	+0.04%
Jan 16, 2025	$196.67	$192.84	-1.95%
Oct 15, 2024	$181.93	$185.62	+2.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.