Overview
- Fourth-quarter profit was $2.03 billion, or $4.88 per share, on record revenue of $6.07 billion, as net interest income rose to $3.73 billion.
- Capital markets and advisory revenue increased 41% to $489 million, reflecting a rebound in global M&A activity.
- PNC closed the roughly $4.2 billion FirstBank acquisition on January 5, adding scale in Colorado and Arizona.
- Management expects FirstBank to contribute $850 million to $900 million to 2026 net interest income and about $1.00 to EPS in 2027, with $325 million of integration costs and conversion targeted for mid-2026.
- The bank plans $600 million to $700 million of share repurchases in the first quarter and guides for 2026 growth of about 11% in total revenue, 14% in net interest income and 8% in average loans.