NatWest Group plc Q3 2025 Earnings Recap

NatWest Group reported robust Q3 results, delivering a 12.5% increase in income year-over-year, driven by broad-based lending growth and effective cost management, leading to a notable rise in profitability.

Key Takeaways

• Lending increased by 4.4% this year to GBP 388 billion, with significant growth in both mortgage and unsecured lending.
• Income rose to GBP 12.1 billion, a 12.5% increase compared to the previous year, equating to a Q3 operating profit before tax of GBP 2.2 billion.
• The return on tangible equity strengthened to 22.3%, and earnings per share surged 32.4 year-over-year.
• Full-year income guidance has been refined to approximately GBP 16.3 billion, with expectations for over 18% return on tangible equity.
• The CET1 ratio stood at 14.2%, reflecting strong capital generation and supporting ongoing investments and shareholder returns.