What is the revenue and EPS growth rate for The Pnc Financial year over year?

What is the market's earnings forecast for The Pnc Financial next quarter?

What is The Pnc Financial's gross profit margin?

What factors drove the changes in The Pnc Financial's revenue and profit?

What were the key takeaways from The Pnc Financial’s earnings call?

What does The Pnc Financial do and what are its main business segments?

Did The Pnc Financial beat or miss consensus estimates last quarter?

What were the key takeaways from The Pnc Financial's earnings call?

- **Record Q3 Performance**: $1.8B net income, 4% revenue growth, and 200+ bps operating leverage driven by loan/deposit expansion.
- **Strategic Acquisitions**: FirstBank deal triples Colorado branch footprint, positioning PNC as #1 retail deposit bank in Denver.
- **NII Growth Trajectory**: 6.5% in 2025, >$1B in 2026 (excluding FirstBank), supported by fixed-rate asset repricing.
- **Credit Resilience**: 22bp NCO ratio, stable provision, and improving CRE portfolio quality.
- **Deposit Growth Impact**: Commercial IB deposit surge (+$9B Q/Q) pressured NIM, but CFO expects 3%+ NIM in 2026.

**【CEO Summary Section】**
- Reported net income of $1.8 billion or $4.35 per share, with record revenue and PPNR driven by strong loan and deposit growth.
- Consumer DDA growth of 2% YoY, including 6% in the Southwest, supported by branch and digital channel expansion.
- Acquired FirstBank to triple branch footprint in Colorado and gain market leadership, enhancing retail deposit growth.
- CIB noninterest income reached record levels, with broad-based fee growth across capital markets, asset management, and card services.
- Credit quality remained strong with a net charge-off ratio of 22 basis points.

**【CFO Financial Commentary】**
- Net interest income (NII) grew $93 million Q/Q to $3.6 billion, with NIM of 2.79% (down 1bp due to deposit mix changes).
- Noninterest income increased $161 million Q/Q to $2.3 billion, driven by fee growth in capital markets, asset management, and mortgage.
- Noninterest expense rose $78 million Q/Q to $3.5 billion, reflecting higher variable compensation and tech investments.
- Full-year 2025 NII growth expected at 6.5%, with 2026 NII growth comfortably exceeding $1 billion (excluding FirstBank).
- CET1 ratio of 10.6% (9.7% AOCI-adjusted), with plans to reduce capital by $350 million through continuous improvement initiatives.

**【Q&A Highlights】**
- **Margin Dynamics**: Deposit growth (esp. commercial IB) pressured NIM, but CFO expects NIM to exceed 3% in 2026 as fixed-rate assets reprice.
- **Loan Growth**: CIB loan growth of $3.4 billion Q/Q driven by corporate banking and business credit; CRE runoff expected to end in 2026.
- **Regulatory Environment**: Positive on regulatory simplification (e.g., MRA proposals), which could reduce compliance costs and focus on financial strength.
- **Capital Strategy**: CET1 target of 10-10.5%, with potential to lower if Basel III reforms reduce risk-weighted assets.
- **Economic Outlook**: Expect below-2% GDP growth in 2025, but resilient consumer spending and cautious corporate optimism support loan demand.
- **NDFI Risk**: <1% of total loans, with >90% in investment-grade securitizations and low loss rates.
- **Organic Growth**: 25 new branches opened in 2025, with 200+ planned by 2029 to boost retail market share in expansion markets.

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