PNC(US:PNC) Prnewswireยท2025-07-16 10:37Core Insights - PNC Financial Services Group reported strong loan growth and stable credit quality, with a quarterly common stock dividend increase of 10 cents to $1.70 per share [1][30]. Financial Results - Net interest income (NII) for Q2 2025 was $3,555 million, up 2% from Q1 2025 and up 8% from Q2 2024 [1][6][8]. - Total revenue increased by $209 million, or 4%, to $5,661 million compared to Q1 2025, driven by growth in both noninterest income and net interest income [1][7]. - Noninterest income was $2,106 million, reflecting a 7% increase from Q1 2025 [1][9]. - Noninterest expense remained stable at $3,383 million, showing a slight decrease from Q1 2025 [1][11]. Balance Sheet Highlights - Average loans increased by $6.1 billion, or 2%, to $322.8 billion, primarily due to a 4% growth in commercial and industrial loans [1][13][16]. - Average deposits grew by $2.3 billion to $423.0 billion, driven by higher brokered and consumer deposits [1][21]. - Total investment securities increased to $142.3 billion, reflecting net purchase activity [1][19]. Credit Quality - Net loan charge-offs were $198 million, a decrease of 3% from Q1 2025, with an allowance for credit losses of $5.3 billion [1][31][33]. - Total delinquencies decreased by 9% to $1.3 billion, indicating improved credit quality [1][34]. - Nonperforming loans decreased by 8% to $2.1 billion, driven by lower commercial nonperforming loans [1][35]. Capital and Shareholder Returns - PNC maintained a strong capital position with a common equity Tier 1 (CET1) capital ratio of 10.5% [1][26]. - The company returned $1 billion of capital to shareholders, including over $0.6 billion in dividends and more than $0.3 billion in share repurchases [1][28].