financetom
Business
financetom
/
Business
/
US regional lender PNC's profit jumps on higher interest income, fees
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US regional lender PNC's profit jumps on higher interest income, fees
Oct 15, 2025 5:14 AM

(Reuters) -PNC Financial reported a more than 21% rise in third-quarter profit on Wednesday, driven by higher interest income and across-the-board jump in fees.

The results underscored borrower resilience across the U.S. and a rebound in dealmaking from April's tariff-driven slump, mirroring trends observed across the biggest U.S. banks this week.

JPMorgan Chase raised its full-year forecast for net interest income on Tuesday, while Wells Fargo and Citigroup also reported higher income from interest payments.

NII - the difference between what a bank earns as interest on loans and pays out on deposits - jumped to $3.65 billion in the quarter for PNC, compared with $3.41 billion a year earlier, reflecting lower funding costs and loan growth.

Provisions for credit losses fell to $167 million in the period, compared with $243 million a year earlier.

"Credit performed well and we continued to build on our strong capital levels," said CEO Bill Demchak.

PNC agreed to buy privately held FirstBank Holding in a $4.1 billion cash-and-stock deal last month, providing momentum to a long-predicted wave of regional banking consolidation.

Analysts say the deal provides the bank access to low-cost deposits and cross-selling opportunities. They continue to view the bank as a potential buyer as banking M&A picks up pace under lighter regulation.

Total non-interest income for Pittsburgh, Pennsylvania-based PNC rose 12% to $2.23 billion, led by a 16% jump in capital markets and advisory fees.

The lender's profit rose to $1.82 billion, or $4.35 per share, from $1.51 billion, or $3.49 per share, a year earlier.

(Reporting by Ateev Bhandari in Bengaluru; Editing by Sriraj Kalluvila)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Paramount, Comcast, Netflix Eye Warner Bros. Discovery Assets Amid Year-End Auction
Market Chatter: Paramount, Comcast, Netflix Eye Warner Bros. Discovery Assets Amid Year-End Auction
Nov 13, 2025
05:56 PM EST, 11/13/2025 (MT Newswires) -- Paramount (PSKY), Comcast ( CMCSA ) , and Netflix ( NFLX ) are lining up bids for Warner Bros. Discovery ( WBD ) , with nonbinding initial offers expected by Nov. 20, the Wall Street Journal reported Thursday, citing people familiar with the matter. Paramount, supported by David Ellison, Larry Ellison, and RedBird...
P3 Health Partners Q3 Loss Narrows, Revenue Declines
P3 Health Partners Q3 Loss Narrows, Revenue Declines
Nov 13, 2025
05:54 PM EST, 11/13/2025 (MT Newswires) -- P3 Health Partners ( PIII ) reported a Q3 loss late Thursday of $9.67 per diluted share, narrowing from a loss of $15.70 a year earlier. Four analysts surveyed by FactSet expected a loss of $5.29. Total operating revenue for the three months ended Sept. 30 was $345.3 million, down from $362.1 million...
Stepstone Group Insider Sold Shares Worth $13,120,536, According to a Recent SEC Filing
Stepstone Group Insider Sold Shares Worth $13,120,536, According to a Recent SEC Filing
Nov 13, 2025
05:57 PM EST, 11/13/2025 (MT Newswires) -- Jose A Fernandez, Director, Co-Chief Operating Officer, on November 11, 2025, sold 211,210 shares in Stepstone Group ( STEP ) for $13,120,536. Following the Form 4 filing with the SEC, Fernandez has control over a total of 4,833,777 Class A common shares of the company, with 11,676 shares held directly and 4,822,101 controlled...
Olympia Q3 revenue falls, net income down
Olympia Q3 revenue falls, net income down
Nov 13, 2025
Overview * Olympia Q3 revenue falls 6% yr/yr, with net income down 26% * Basic EPS for Q3 decreases 26% to C$1.93 per share * Service revenue rises 5% due to increased fees in IAS division Outlook * Olympia Financial Group ( OLYFF ) did not provide specific guidance for future quarters or the full year Result Drivers * SERVICE...
Copyright 2023-2026 - www.financetom.com All Rights Reserved