Natwest Group Plc (NWG)
NYSE:NWG
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Earnings Data
Report Date
Jul 24, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.49Last Year’s EPS
0.41Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive operational and financial performance: strong lending and deposit growth, notable AUM inflows, improved profitability and efficiency, robust capital generation and upgraded income guidance. Management also emphasized strategic progress (Evelyn acquisition, AI‑driven development, climate finance). However, the quarter included notable cautious elements — a GBP 140m macro‑driven provision, mortgage margin headwinds from COVID roll‑offs, some market‑driven AUMA volatility, and short‑term cost lumpiness related to investment and the Evelyn deal. Management framed these as managed risks within a resilient, well‑capitalized franchise.Company Guidance
Strong lending and deposit growth
Customer lending grew 6.6% year‑on‑year to GBP 400bn with GBP 7.3bn of lending growth in Q1 (including GBP 3.3bn mortgages and GBP 3.8bn Commercial & Institutional). Customer deposits grew 2.6% year‑on‑year to GBP 445bn, supporting balance‑sheet growth.
Client assets and AUM momentum
Assets under management and administration rose ~16.9% year‑on‑year to ~GBP 57bn (GBP 56.7bn reported), with GBP 0.9bn net inflows in Q1 and 23,000 new investors. Client assets and liabilities increased to just over GBP 900bn, up 5.2% year‑on‑year, tracking the >4% p.a. 2028 CAL target.
Improving income, profitability and returns
Income grew 6.9% to GBP 4.2bn; earnings per share increased 15.5% year‑on‑year to 17.9p; return on tangible equity was strong at 18.2%; tangible net asset value per share rose 15.1% to GBP 4.
Cost efficiency and transformation progress
Delivered over GBP 100m of additional cost savings in Q1, reduced cost/income ratio by 2.1 percentage points to 46.5%, and reported lower total operating costs versus the prior quarter (single‑digit Q‑on‑Q improvement) while continuing planned investment.
Capital strength and generation
Common Equity Tier 1 ratio of 14.3% (up 30bps since year‑end) with strong capital generation of 65 basis points in Q1 (69bps from earnings). Management expects around 200bps of annual capital generation before distributions and to operate around 13% CET1.
Strategic & technology execution
Progress on strategic priorities: acquisition of Evelyn Partners on track for Q2 completion (subject to approvals); NatWest onboarded 24,000 start‑ups in the quarter (25% uplift y/y). Technology scale: >12,000 software engineers and over 40% of code now produced by AI, enabling materially faster development in some scenarios (example: from 6 weeks with 12 engineers to 6 hours with 3 engineers + 7 agents).
Sustainability financing progress
Provided over GBP 10bn of climate and transition finance in the quarter, taking the total to GBP 29bn since last July and progressing toward the GBP 200bn 2030 target.
Upgraded income guidance and stable targets
Management now expects full‑year income (ex‑notables and excluding Evelyn) at the top end of the GBP 17.2bn–GBP 17.6bn range. Other targets remain intact, including cost guidance of around GBP 8.2bn and a loan impairment rate expected below 25bps for 2026.
NWG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NWG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2026 | $15.91 | $15.38 | -3.33% |
Feb 13, 2026 | $15.67 | $15.42 | -1.60% |
Oct 24, 2025 | $13.94 | $14.72 | +5.65% |
Jul 25, 2025 | $12.79 | $13.33 | +4.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Natwest Group Plc (NWG) report earnings?
Natwest Group Plc (NWG) is schdueled to report earning on Jul 24, 2026, TBA (Confirmed).
What is Natwest Group Plc (NWG) earnings time?
Natwest Group Plc (NWG) earnings time is at Jul 24, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is NWG EPS forecast?
NWG EPS forecast for the fiscal quarter 2026 (Q2) is 0.49.