PNC Bank, N.A. Changes Prime Rate

Rhea-AI Summary

PNC Bank (NYSE: PNC) announced a decrease in its prime lending rate to 7.00%, effective Oct. 30, 2025. The change in the bank's prime rate was announced on Oct. 29, 2025.

PNC Bank, National Association is a member of The PNC Financial Services Group and provides retail and business lending, corporate banking, real estate finance, wealth management, and asset management services. For more information, contact Kristen Pillitteri or visit the company's website.

Positive

• Prime rate lowered to 7.00% effective Oct 30, 2025

Negative

• Prime rate change announced Oct 29, 2025 may affect loan pricing benchmarks

PITTSBURGH, Oct. 29, 2025 /PRNewswire/ -- PNC Bank, N.A. announced a decrease in its prime lending rate. The new rate of 7.00% is effective tomorrow, Oct. 30, 2025.

PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

CONTACT:

Kristen Pillitteri
(412) 762.4550
kristen.pillitteri@pnc.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/pnc-bank-na-changes-prime-rate-302598995.html

SOURCE PNC Bank

FAQ

What did PNC (PNC) announce about its prime rate on Oct 29, 2025?

PNC announced a decrease in its prime lending rate to 7.00%, effective Oct 30, 2025.

When does PNC's new prime rate of 7.00% take effect?

The new prime rate of 7.00% takes effect on Oct 30, 2025.

How can investors verify PNC's prime rate change announced Oct 29, 2025?

Investors can verify the change via PNC Bank communications or the company website and the Oct 29, 2025 announcement.

Does the Oct 29, 2025 PNC prime rate change affect variable-rate loans immediately?

The announcement sets the bank's prime rate at 7.00% effective Oct 30, 2025, which is the published benchmark the bank uses for variable-rate lending.

Who is the contact for PNC's Oct 29, 2025 prime rate announcement?

Contact: Kristen Pillitteri at (412) 762-4550 or kristen.pillitteri@pnc.com as listed in the announcement.