AGM/EGMMay 8, 2026, 07:02 AM
HSBC reports strong 2025, Q1 2026; targets 17%+ RoTE, 50% payout
AI Summary
HSBC Holdings plc held its Annual General Meeting, where Group Chairman Brendan Nelson and Group Chief Executive Georges Elhedery provided statements. The company reported a strong financial performance in 2025, with US$18.9bn returned to shareholders, including a US$0.75 per share dividend and US$6bn in share buybacks. First-quarter 2026 results also showed positive momentum. HSBC completed the US$13.7bn privatization of Hang Seng Bank, is simplifying operations to achieve US$1.5bn in savings ahead of schedule, and is investing in AI and financial innovation. The company raised its ambition, targeting a 17% or better return on tangible equity (RoTE) and a 50% dividend payout ratio for 2026-2028.
Key Highlights
- Targeting 17% or better return on tangible equity (RoTE) from 2026-2028.
- Targeting 50% dividend payout ratio for 2026-2028.
- Returned US$18.9bn to shareholders in 2025, including US$12.9bn in dividends and US$6bn in buybacks.
- 2025 RoTE (excluding notable items) was 17.2%; Q1 2026 RoTE was 18.7%.
- Completed US$13.7bn privatization of Hang Seng Bank.
- Achieved US$1.5bn in simplification savings six months ahead of plan.
- Provided/facilitated US$102bn in sustainable finance in 2025, cumulative US$496bn since Jan 2020.