PNC Financial Services Achieves Record Earnings in Q3 2025
Pittsburgh, Wednesday, 15 October 2025.
PNC Financial Services reported a net income of $1.8 billion and earnings per share of $4.35 for Q3 2025. The company’s 8% growth in noninterest income highlights its strong performance.
Strong Financial Performance
PNC Financial Services Group, Inc. (NYSE: PNC) reported a robust financial performance in the third quarter of 2025, with a net income of $1.822 billion, up from $1.505 billion in the same period last year. This impressive result translates to a diluted earnings per share of $4.35, highlighting the company’s strong earnings growth [1][2].
Revenue Growth and Noninterest Income
The company’s total revenue reached $5.915 billion, marking a 4% increase over the previous quarter and a 9% rise year-over-year. This growth was driven by a significant 8% increase in noninterest income, fueled by strong fee income growth across various business lines [1][3].
Maintaining Strong Credit Quality
PNC maintained its strong credit quality with a provision for credit losses at $167 million, down from $243 million in the third quarter of 2024. The company reported stable nonperforming loans, contributing to its solid credit performance during this period [1][4].
Strategic Expansion and Future Outlook
On September 8, 2025, PNC announced an agreement to acquire FirstBank for $4.1 billion, which is expected to close in early 2026. This acquisition is anticipated to enhance PNC’s market presence in Colorado and Arizona, further positioning the company for future growth [1][5].