PNC Financial beats Q4 revenue estimates, increases planned buybacks

Overview

• Financial services firm's Q4 revenue beat analysts' expectations

• Net interest income for Q4 met estimates

• Company completed acquisition of FirstBank, expanding operations

Outlook

• PNC plans share repurchases of $600 mln to $700 mln in Q1 2026

• FirstBank acquisition to be included in Q1 2026 results

• PNC sees momentum and opportunities post-FirstBank acquisition

Result Drivers

• REVENUE GROWTH - Total revenue increased 3% due to higher net interest income and noninterest income, driven by lower funding costs and loan growth

• NONINTEREST INCOME - Noninterest income rose 3%, driven by higher capital markets and advisory fees

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for PNC Financial Services Group Inc is $235.50, about 9.5% above its January 15 closing price of $215.04

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nPn9d47VBa

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