Barclays reports Q1 EPS 13p vs. 10.3p last year

Group RoTE was 14.0% with profit before tax of GBP 2.7bn. Group income of GBP 7.7bn was up 11% year-on-year, with Group NII excluding Barclays (BCS) Investment Bank and Head Office of GBP 3.0bn, up 13% year-on-year. Group total operating expenses were GBP 4.4bn, up 5% year-on-year. Credit impairment charges were GBP 0.6bn with an LLR of 61bps. CET1 ratio of 13.9%, with risk weighted assets of GBP 351.3bnand TNAV per share of 372p. C. S. Venkatakrishnan, Group Chief Executive, commented, “I am very pleased with our performance in Q125, which represents another strong quarter of execution. Compared to Q124, we grew our top line income by 11%, our profit before tax by 19%, our earnings per share by 26%, and delivered a Group RoTE of 14.0%. We also ended the quarter with a Common Equity Tier 1 ratio of 13.9% and a liquidity coverage ratio of 175%. Our high quality, diversified businesses, together with proactive risk, capital and liquidity management and a robust balance sheet, position us well to support our customers and clients and deliver strong risk-adjusted returns in a wide range of macroeconomic scenarios. We remain committed to and confident in delivering our previously announced financial and distribution targets for 2025 and 2026.”