PNC 4Q Profit Rises as Loans Increase

Dow Jones01-16

By Nicholas G. Miller

PNC posted higher fourth-quarter profit on the back of loan growth and increased demand for its financial services.

The Pittsburgh bank and financial-services company on Friday reported net income of $2.03 billion, or $4.88 a share, up from $1.63 billion, or $3.77 a share, the year prior. Analysts polled by FactSet expected $4.20 a share.

Total revenue rose 9% to $6.07 billion. Wall Street expected $5.96 billion. Net interest income increased 6% to $3.73 billion, reflecting lower funding costs, loan growth and fixed-rate asset repricing.

Noninterest income rose 14% to $2.34 billion with the company citing higher average equity markets and increased client activity, a boost in merger and acquisition activity, higher loan commitment fees and more private-equity revenue.

Total loans at the end of the quarter rose 5% to $331.5 billion.

Provision for credit losses fell 17% to $139 million, while net loan chargeoffs sank 35% to $162 million.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

January 16, 2026 06:55 ET (11:55 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Miller \n\n\n \n\n\n  PNC posted higher fourth-quarter profit on the back of loan growth and increased demand for its financial services. \n\n\n  The Pittsburgh bank and financial-services company on Friday reported net income of $2.03 billion, or $4.88 a share, up from $1.63 billion, or $3.77 a share, the year prior. Analysts polled by FactSet expected $4.20 a share. \n\n\n  Total revenue rose 9% to $6.07 billion. Wall Street expected $5.96 billion. Net interest income increased 6% to $3.73 billion, reflecting lower funding costs, loan growth and fixed-rate asset repricing. \n\n\n  Noninterest income rose 14% to $2.34 billion with the company citing higher average equity markets and increased client activity, a boost in merger and acquisition activity, higher loan commitment fees and more private-equity revenue. \n\n\n  Total loans at the end of the quarter rose 5% to $331.5 billion. \n\n\n  Provision for credit losses fell 17% to $139 million, while net loan chargeoffs sank 35% to $162 million. \n\n\n \n\n\n  Write to Nicholas G. 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