Quarterly ResultMay 1, 2026, 10:18 AM
NWG Q1 Attributable Profit £1.4B; EPS 17.9p; RoTE 18.2%
AI Summary
NatWest Group plc reported a strong financial performance for Q1 2026, with attributable profit rising to £1.4 billion and basic EPS reaching 17.9 pence. The company achieved a Return on Tangible Equity of 18.2% and saw total income increase to £4.4 billion. Strategic progress included growth in customer assets and liabilities, increased net loans and customer deposits, and improved efficiency with a lower cost:income ratio. The Group also strengthened its income guidance, now expecting income excluding notable items to be at the top end of its previously guided range.
Key Highlights
- Attributable profit increased to £1.4 billion, up 14.4% compared to Q1 2025.
- Basic earnings per share (EPS) rose to 17.9 pence, an increase of 2.4 pence from Q1 2025.
- Return on Tangible Equity (RoTE) was 18.2%, with Return on Equity (RoE) at 13.3%.
- Total income reached £4.4 billion, up 9.5% year-on-year, with total income excluding notable items at £4.2 billion.
- Customer assets and liabilities (CAL) grew by £8.4 billion (0.9%) in the quarter, up 5.2% year-on-year.
- Net loans to customers increased by £12.7 billion quarter-on-quarter, with customer deposits up £2.5 billion.
- Cost:income ratio improved by 2.8 percentage points year-on-year to 46.9%.
- Common Equity Tier 1 (CET1) ratio stood at 14.3%, an increase of 30 basis points from Q4 2025.
- Income excluding notable items is now expected to be at the top end of the £17.2 - £17.6 billion guided range.