NatWest Group reports Q1 EPS 15.5p vs. 10.5p last year

Reports Q1 total income GBP 3.98B, with pretax profit GBP 1.81B. Net interest margin of 2.27% was 8 basis points higher than Q4 2024 principally reflecting deposit margin expansion. Common Equity Tier 1 ratio of 13.8% was 20 basis points higher than 31 December 2024. Chief Executive, Paul Thwaite, commented: “Our strong first quarter performance demonstrates the positive momentum in our business as we deliver against clear strategic priorities, and we now expect to be at the upper end of our income and returns guidance for 2025. This performance is underpinned by continued growth across our three businesses and the support we provide to over 19 million customers, whether that is buying a home, growing a business or investing their money. In the face of increased global economic uncertainty, our customers remain resilient and we saw good levels of activity through Q1 2025. The strength of our balance sheet means we are well placed to help our customers navigate any challenges, whilst also investing in our business and delivering returns to shareholders. At a time when there is a clear intent to deliver economic growth, NatWest Group (NWG) is able to play an important role, shaping our future as a vital and trusted partner to our customers and to the UK itself.”