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PITTSBURGH - PNC Bank, N.A. announced Wednesday it will reduce its prime lending rate to 7.25% from its current level, effective Thursday, Sept. 18, 2025. The bank, which InvestingPro data shows has maintained strong financial health with a "GOOD" overall rating, continues to demonstrate its market leadership.
The decrease marks an adjustment to the benchmark rate that many banks use to set interest rates on various consumer and commercial loans, including credit cards, home equity lines of credit, and small business loans.
PNC Bank is a member of The PNC Financial Services Group, Inc. (NYSE:PNC), which operates as one of the largest diversified financial services institutions in the United States.
The prime rate change will affect borrowing costs for PNC customers with loans tied to this benchmark. The bank did not provide specific reasons for the rate reduction in its announcement.
The information is based on a press release statement issued by PNC Bank.
In other recent news, PNC Financial Services Group reported impressive second-quarter results for 2025, surpassing expectations with an earnings per share of $3.85, compared to the projected $3.55. The company also exceeded revenue forecasts, reporting $5.66 billion against an expected $5.61 billion. In a strategic move, PNC announced the acquisition of FirstBank for $4.125 billion, structured as 70% stock and 30% cash, enhancing its presence in Colorado and Arizona with 95 branches. Piper Sandler responded by raising its price target for PNC Financial to $211, citing the benefits of the FirstBank deal. Similarly, HSBC increased its price target to $219 while maintaining a Buy rating. Oppenheimer upgraded PNC Financial to Outperform, setting a new price target of $238, due to its growth outlook. Additionally, Charlotte McLaughlin, former President and CEO of PNC Capital Markets LLC, joined Community Capital Technology’s Board of Directors, bringing extensive financial services experience to the company.
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