PNC(US:PNC)2026-01-16 11:37Financial Performance - PNC reported a net income of $2,033 million for Q4 2025, an increase from $1,822 million in Q3 2025, representing a 12% quarter-over-quarter growth[7] - Total revenue for Q4 2025 was $6,071 million, up from $5,915 million in Q3 2025, marking a 2.6% increase[7] - Basic earnings per common share increased to $4.88 in Q4 2025, compared to $4.36 in Q3 2025, representing a 11.9% increase[7] - The company reported a net income excluding noncontrolling interests of $2,020 million in Q4 2025, an increase from $1,808 million in Q3 2025, reflecting an 11.7% growth[31] - Total revenue for the year ended December 31, 2025, was $14,863 million, compared to $14,547 million in 2024, reflecting a year-over-year increase of 2.2%[33] Revenue Breakdown - Net interest income for Q4 2025 was $3,731 million, compared to $3,648 million in Q3 2025, reflecting a 2.3% increase[7] - Noninterest income reached $2,340 million in Q4 2025, an increase from $2,267 million in Q3 2025, which is a 3.2% rise[7] - Noninterest income for Q4 2025 was $770 million, up from $706 million in Q4 2024, marking a growth of 9.1% year-over-year[33] - Total revenue for Corporate & Institutional Banking was $3,066 million in Q4 2025, compared to $2,909 million in Q3 2025, representing a 5.4% increase[31] Asset and Liability Management - PNC's total assets reached $550 billion as of December 31, 2025, reflecting growth in its balance sheet size[4] - Total assets increased to $573.572 billion as of December 31, 2025, up from $568.767 billion in the previous quarter, representing a growth of 1.4%[9] - Total liabilities increased to $512.936 billion from $509.729 billion, reflecting a growth of 0.4%[9] - Total assets as of December 31, 2025, amounted to $575.846 billion, an increase from $571.533 billion on September 30, 2025[11] Loan and Deposit Growth - Net loans reached $327.071 billion, an increase from $322.138 billion in the prior quarter, reflecting a growth of 1.5%[9] - Total deposits rose to $440.866 billion, compared to $432.749 billion in the previous quarter, marking an increase of 1.0%[9] - Total deposits reached $244,066 million in Q4 2025, compared to $239,514 million in Q4 2024, showing an increase of 1.9% year-over-year[33] Credit Quality and Loss Provisions - The provision for credit losses was $139 million in Q4 2025, down from $167 million in Q3 2025, indicating improved credit quality[7] - The allowance for loan and lease losses decreased slightly to $4.410 billion from $4.478 billion, indicating improved asset quality[9] - The total provision for credit losses for the year ended December 31, 2025, was $779 million, slightly down from $789 million in 2024[18] - Total gross charge-offs for the year ended December 31, 2025, amounted to $1,176 million, while total recoveries were $432 million, resulting in net charge-offs of $744 million[16] Nonperforming Assets - Total nonperforming assets increased to $2,361 million as of December 31, 2025, up from $2,299 million in the previous quarter[20] - Nonperforming loans to total loans ratio rose to 0.67% from 0.65% in the prior quarter[20] - Total nonperforming loans reached $2,218 million, up from $2,137 million in the previous quarter[20] - Total accruing loans past due 90 days or more increased to $380 million in December 2025 from $347 million in September 2025, representing a 9.5% increase[26] Efficiency and Cost Management - The efficiency ratio improved to 59% in Q4 2025, consistent with Q3 2025, indicating stable operational efficiency[7] - The efficiency ratio improved to 53% in Q4 2025 from 57% in Q4 2024, indicating better cost management[34] - Total noninterest expense for Q4 2025 was $1,107 million, an increase from $976 million in Q3 2025, representing a 13.4% rise[39] Employee and Operational Metrics - Total full-time employees increased to 53,859 in December 2025 from 53,523 in September 2025, reflecting a growth of 0.6%[29] - Loan origination volume for Q4 2025 was $1.6 billion, compared to $1.0 billion in Q1 2025, showing a significant increase of 60%[34] Investment and Equity - Total shareholders' equity increased to $60.585 billion, up from $58.990 billion in the previous quarter, a growth of 2.7%[9] - Client assets under administration totaled $472 billion as of December 31, 2025, an increase from $440 billion at the end of 2024, reflecting a growth of 7.3%[44]