PNC Financial Services Group, Inc. (NYSE:PNC) stock rose Friday after the company reported better-than-expected fourth-quarter fiscal 2025 results.
Financial Performance
The bank reported earnings per share of $4.88, surpassing the consensus estimate of $4.21. Simultaneously, its quarterly revenue reached $6.07 billion, exceeding the street’s projection of $5.96 billion.
PNC’s revenue grew 3% quarter-over-quarter (Q/Q). Net interest income (NII) rose 2% Q/Q to $3.73 billion, attributed to a decline in funding costs, loan growth, and the continued benefit of fixed-rate asset repricing.
The net interest margin was 2.84%, a five-basis-point Q/Q increase.
Noninterest income increased 3% Q/Q to $2.34 billion, driven by higher fee income.
Average loans increased 1% Q/Q to $327.9 billion, led by growth in commercial loans. Average deposits of $439.5 billion increased 2% Q/Q, …