U.S. bank PNC Financial’s (PNC) profit rose 25% in the fourth quarter of 2025 as it benefited from a revival of dealmaking on Wall Street.
The Pittsburgh-based lender reported earnings per share of $4.88 U.S. for the three months ended Dec. 31. That was far ahead of the $3.77 U.S. forecast by analysts.
Revenue in the final quarter of last year totaled $6.07 billion U.S., which topped the $5.96 billion U.S. expected on Wall Street. Sales were up 9% from a year earlier.
Management at PNC Financial said the bank benefitted from a resumption of mergers and acquisitions (M&A) and initial public offerings (IPOs) on Wall Street.
Revenue from PNC’s capital markets advisory unit surged 41% year-over-year during Q4 2025 to $489 million U.S.
Additionally, net interest income, which is the difference between what a bank earns on loans and pays out on deposits, rose 6% to $3.73 billion U.S. during the quarter.
PNC Financial also recently completed its $4.1 billion U.S. acquisition of FirstBank, strengthening its presence in the western markets of Colorado and Arizona.
With the acquisition behind it, PNC Financial plans to aggressively buyback its own stock in 2026 as it looks to boost its share price.
PNC Chief Executive Officer (CEO) Bill Demchak has said that PNC plans to repurchase between $600 million U.S. and $700 million U.S. of its owns stock in this year’s first quarter.
PNC stock has risen 9% in the last 12 months to trade at $215.04 U.S. per share.
