PNC FINANCIAL SERVICES GROUP, INC.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
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Average Consolidated Balance Sheet and Net Interest Analysis
The following tables show PNC’s average consolidated balance sheet results and analysis of net interest income, as well as the year-to-year changes in net interest income.
Table 36: Average Consolidated Balance Sheet and Net Interest Analysis (a) (b) (c)
| 2025 · 2024 · 2023 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Taxable-equivalent basisDollars in millions · AverageBalances · InterestIncome/Expense · AverageYields/Rates · AverageBalances · InterestIncome/Expense · AverageYields/Rates · AverageBalances · InterestIncome/Expense · AverageYields/Rates | |||||||||||||||||
| Assets | |||||||||||||||||
| Interest-earning assets: | |||||||||||||||||
| Investment securities | |||||||||||||||||
| Securities available-for-sale | |||||||||||||||||
| Residential mortgage-backed | $34,170 | $1,287 | 3.77% | $31,535 | $1,040 | 3.30% | $31,899 | $912 | 2.86% | ||||||||
| U.S. Treasury and government agencies | 26,180 | 1,176 | 4.49% | 16,010 | 740 | 4.62% | 8,271 | 183 | 2.21% | ||||||||
| Other | 7,957 | 303 | 3.81% | 7,291 | 268 | 3.68% | 6,653 | 209 | 3.14% | ||||||||
| Total securities available-for-sale | 68,307 | 2,766 | 4.05% | 54,836 | 2,048 | 3.73% | 46,823 | 1,304 | 2.78% | ||||||||
| Securities held-to-maturity | |||||||||||||||||
| Residential mortgage-backed | 41,530 | 1,242 | 2.99% | 41,846 | 1,173 | 2.80% | 44,517 | 1,217 | 2.73% | ||||||||
| U.S. Treasury and government agencies | 26,182 | 396 | 1.51% | 34,360 | 463 | 1.35% | 36,790 | 490 | 1.33% | ||||||||
| Other | 6,678 | 290 | 4.34% | 9,700 | 460 | 4.74% | 12,221 | 557 | 4.56% | ||||||||
| Total securities held-to-maturity | 74,390 | 1,928 | 2.59% | 85,906 | 2,096 | 2.44% | 93,528 | 2,264 | 2.42% | ||||||||
| Total investment securities | 142,697 | 4,694 | 3.29% | 140,742 | 4,144 | 2.94% | 140,351 | 3,568 | 2.54% | ||||||||
| Loans | |||||||||||||||||
| Commercial and industrial | 185,786 | 10,756 | 5.79% | 177,210 | 11,087 | 6.26% | 179,650 | 10,494 | 5.84% | ||||||||
| Commercial real estate | 31,473 | 1,908 | 6.06% | 35,241 | 2,352 | 6.67% | 35,923 | 2,336 | 6.50% | ||||||||
| Equipment lease financing | 6,841 | 348 | 5.09% | 6,557 | 356 | 5.43% | 6,423 | 297 | 4.62% | ||||||||
| Consumer | 54,103 | 3,858 | 7.13% | 53,678 | 3,914 | 7.29% | 54,835 | 3,675 | 6.70% | ||||||||
| Residential real estate | 45,178 | 1,699 | 3.76% | 47,108 | 1,747 | 3.71% | 46,689 | 1,621 | 3.47% | ||||||||
| Total loans | 323,381 | 18,569 | 5.74% | 319,794 | 19,456 | 6.08% | 323,520 | 18,423 | 5.69% | ||||||||
| Interest-earning deposits with banks | 33,360 | 1,439 | 4.31% | 43,145 | 2,303 | 5.34% | 36,645 | 1,902 | 5.19% | ||||||||
| Other interest-earning assets | 13,245 | 722 | 5.45% | 9,135 | 612 | 6.70% | 8,884 | 562 | 6.33% | ||||||||
| Total interest-earning assets/interest income | 512,683 | 25,424 | 4.96% | 512,816 | 26,515 | 5.17% | 509,400 | 24,455 | 4.80% | ||||||||
| Noninterest-earning assets | 53,785 | 52,067 | 49,370 | ||||||||||||||
| Total assets | $566,468 | $564,883 | $558,770 | ||||||||||||||
| Liabilities and Equity | |||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||
| Interest-bearing deposits | |||||||||||||||||
| Money market | $74,670 | 2,208 | 2.96% | $70,331 | 2,392 | 3.40% | $65,037 | 1,890 | 2.91% | ||||||||
| Demand | 128,230 | 2,403 | 1.87% | 122,095 | 2,706 | 2.22% | 124,084 | 2,444 | 1.97% | ||||||||
| Savings | 97,061 | 1,592 | 1.64% | 96,708 | 1,746 | 1.81% | 101,470 | 1,381 | 1.36% | ||||||||
| Time deposits | 35,568 | 1,294 | 3.64% | 35,301 | 1,557 | 4.41% | 24,802 | 894 | 3.60% | ||||||||
| Total interest-bearing deposits | 335,529 | 7,497 | 2.23% | 324,435 | 8,401 | 2.59% | 315,393 | 6,609 | 2.10% | ||||||||
| Borrowed funds | |||||||||||||||||
| Federal Home Loan Bank advances | 17,563 | 831 | 4.73% | 32,345 | 1,821 | 5.63% | 34,440 | 1,864 | 5.41% | ||||||||
| Senior debt | 36,941 | 2,107 | 5.70% | 30,751 | 2,022 | 6.58% | 22,696 | 1,373 | 6.05% | ||||||||
| Subordinated debt | 3,727 | 211 | 5.66% | 4,574 | 300 | 6.56% | 5,580 | 348 | 6.24% | ||||||||
| Other | 5,870 | 251 | 4.28% | 6,391 | 341 | 5.34% | 4,566 | 198 | 4.34% | ||||||||
| Total borrowed funds | 64,101 | 3,400 | 5.30% | 74,061 | 4,484 | 6.05% | 67,282 | 3,783 | 5.62% | ||||||||
| Total interest-bearing liabilities/interest expense | 399,630 | 10,897 | 2.73% | 398,496 | 12,885 | 3.23% | 382,675 | 10,392 | 2.72% | ||||||||
| Noninterest-bearing liabilities and equity: | |||||||||||||||||
| Noninterest-bearing deposits | 93,283 | 96,772 | 111,670 | ||||||||||||||
| Accrued expenses and other liabilities | 16,451 | 17,004 | 15,759 | ||||||||||||||
| Equity | 57,104 | 52,611 | 48,666 | ||||||||||||||
| Total liabilities and equity | $566,468 | $564,883 | $558,770 | ||||||||||||||
| Interest rate spread | 2.23% | 1.94% | 2.08% | ||||||||||||||
| Benefit from use of noninterest bearing sources | 0.60 | 0.72 | 0.68 | ||||||||||||||
| Net interest income/margin | $14,527 | 2.83% | $13,630 | 2.66% | $14,063 | 2.76% | |||||||||||
(a)Nonaccrual loans are included in loans, net of unearned income. The impact of financial derivatives used in interest rate risk management is included in the interest income/expense and average yields/rates of the related assets and liabilities. Fair value adjustments related to hedged items are included in noninterest-earning assets and noninterest-bearing liabilities. Average balances of securities are based on amortized historical cost (excluding adjustments to fair value, which are included in other assets).
(b)Loan fees for the years ended December 31, 2025, 2024 and 2023 were $172 million, $189 million and $183 million, respectively.
(c)Interest income calculated as taxable-equivalent interest income. See Reconciliation of Taxable-Equivalent Net Interest Income in the Non-GAAP Financial Information section for more information.
74 The PNC Financial Services Group, Inc. –2025 Form 10-K
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