09:09 AM EST, 01/16/2026 (MT Newswires) -- PNC Financial Services ( PNC ) reported fourth-quarter results above Wall Street's estimates on Friday amid net interest income gains and lower provision for credit losses.

The lender posted net income of $4.88 per share for the December quarter, up from $3.77 the year before, ahead of the FactSet-polled consensus of $4.20. Revenue improved 9% to $6.07 billion, topping the Street's view for $5.96 billion. The stock increased 3.2% in the most recent premarket activity.

"By virtually all measures, 2025 was a successful year," Chief Executive Bill Demchak said in a statement. "Strong execution across all business lines resulted in record revenue, well controlled expenses and 21% earnings per share growth."

Net interest income came in at $3.73 billion, up from $3.52 billion in the prior-year quarter, boosted by lower funding costs, loan growth and the continued benefit of fixed rate asset repricing, according to the bank.

Noninterest income advanced 14% to $2.34 billion, reflecting gains across all business lines led by a 41% jump in capital markets and advisory. Noninterest expense inclined 3% to $3.6 billion due to increased business activity.

In retail banking, revenue, expressed as the sum of net interest income and noninterest income, moved up to $3.76 billion from $3.54 billion. Corporate and institutional banking revenue climbed to $3.07 billion from $2.76 billion. Asset management group grew to $440 million from $403 million on an annual basis.

The lender recorded $139 million in provision for credit losses in the fourth quarter, down from $156 million in the same period of 2024.

"We're entering 2026 with great momentum and are excited about the opportunities in front of us, including the recently closed acquisition of FirstBank," according to Demchak. PNC completed its $4.1 billion acquisition of FirstBank on Jan. 5.