US EditionNatWest reports Q3 profit spike, upgrades guidance
NatWest Group's third-quarter profit rose 30% due to income growth, loan expansion, and cost cuts including 600 job reductions, boosting 2025 earnings forecast.
- On Friday, NatWest reported a 30% rise in third-quarter profit and upgraded its 2025 guidance to a return on tangible equity above 18%, up from above 16.5%.
- NatWest expanded loans and wealth assets by growing assets under management and administration 8.1% to £56 billion, while increasing mortgages and business lending and largely avoiding hefty mis-selling charges.
- Cost cuts including about 600 roles helped lower the cost-to-income ratio, with pre-tax operating profit �2.2 billion for July–September beating analysts' expectations.
- Paul Thwaite said NatWest delivered a strong third quarter underpinned by healthy customer activity, with simplification and tight cost control supporting digital transformation and a strategic focus on housing, savings and business lending.
- The group, which includes Royal Bank of Scotland and Ulster Bank, contrasts with rival Lloyds whose profit slumped amid Britain's motor finance mis-selling probe.
12 Articles
12 Articles
NatWest earnings soar 30% as it takes ‘tight control’ over business costs
The group has been focused on becoming a more efficient bank and simplifying its operations, which it hopes will save money in the long run. NatWest Group has revealed its earnings soared by 30% in the third quarter after boosting its income and as it continues to focus on cutting business costs. The banking group, which also includes Royal Bank of Scotland and Ulster Bank, reported a pre-tax operating profit of £2.2 billion for July to Septembe…
NatWest reports Q3 profit spike, upgrades guidance
NatWest has today reported a 30% rise in third-quarter profit and upgraded its performance target for the year, as it grew loans and assets in its wealth business while avoiding hefty charges for mis-selling car finance that hurt rivals.
NatWest profits surge 30% as higher interest rates fuel bank earnings – Your Capital Minds
NatWest has delivered one of its strongest quarterly performances since the financial crisis, posting a 30.4 per cent surge in pre-tax profits to £2.2 billion for the three months to the end of September — far exceeding City expectations. The FTSE 100 lender said income rose almost 16 per cent to £4.3 billion, driven by widening deposit margins and a modest calendar boost from one extra trading day in the quarter. Its net interest margin – the k…
NatWest profits surge 30% as higher interest rates fuel bank earnings
NatWest has delivered one of its strongest quarterly performances since the financial crisis, posting a 30.4 per cent surge in pre-tax profits to £2.2 billion for the three months to the end of September — far exceeding City expectations. The FTSE 100 lender said income rose almost 16 per cent to £4.3 billion, driven by widening deposit margins and a modest calendar boost from one extra trading day in the quarter. Its net interest margin – the k…
NatWest Stock Rockets as Q3 Profit Soars – What’s Next for Investors?
Context and Details: NatWest Group (formerly RBS) reported that strong loan growth and fee income powered its Q3 results. Total income excluding one-offs hit ~£4.2bn lse.co.uk (+15.7% YoY) as mortgage and corporate lending expanded. Customer loans (ex-central-bank) grew by £4.4bn in the quarter lse.co.uk, and assets under management rose ~8%, bolstered by market gains. Notably, NatWest largely avoided the hefty mis-selling charges that burdened …
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