Overview
- Fourth-quarter profit rose to $2.03 billion, or $4.88 per share, on record revenue of about $6.07 billion, beating estimates.
- Net interest income increased to $3.73 billion and net interest margin reached 2.84%, reflecting loan growth and lower funding costs.
- Capital markets and advisory revenue climbed 41% to $489 million, benefiting from a rebound in global M&A activity.
- For 2026, PNC projects roughly 11% total revenue growth, about 14% NII growth, and around 8% average loan growth, and plans $600–$700 million of Q1 share repurchases supported by a 10.6% CET1 ratio.
- PNC closed the approximately $4.2 billion FirstBank acquisition on Jan. 5 and expects $850–$900 million of 2026 NII contribution, about $1.00 EPS accretion in 2027, roughly $325 million in one-time integration costs, and full integration by year-end 2026.