Quarterly ResultApr 29, 2026, 06:42 AM
AMUB Q1 Net Profit +80% to $3.04B; EPS $0.94; Integration on Track
AI Summary
UBS AG reported strong first quarter 2026 results with net profit attributable to shareholders increasing 80% year-over-year to $3,040m and diluted EPS rising 84% to $0.94. The company completed the global migration of former Credit Suisse client accounts and realized an additional $0.8bn in gross cost savings, progressing towards its integration goals. However, new Swiss banking regulations propose significant additional CET1 capital requirements, totaling approximately $37bn for UBS AG standalone, which could impact future capital allocation.
Key Highlights
- Net profit attributable to shareholders increased 80% YoY to $3,040m.
- Diluted earnings per share rose 84% YoY to $0.94.
- Total revenues grew 13% YoY to $14,243m.
- Cost/income ratio improved to 72.5% from 82.2% in Q1 2025.
- Global migration of former Credit Suisse client accounts completed; $0.8bn additional gross cost savings in Q1.
- Swiss regulators propose $22bn additional CET1 capital for UBS AG standalone, totaling $37bn.
- Shareholders approved and paid a dividend of $1.10 per share.
- Repurchased $0.9bn of shares in Q1, targeting $3bn by end of July 2026.