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NatWest Group (NWG)
NYSE:NWG
Earnings Data
Report Date
Jul 25, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.36Last Year’s EPS
0.35Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 02, 2025
|% Change Since: 3.68%
|Next Earnings Date:Jul 25, 2025
Earnings Call Sentiment|Positive
NatWest Group reported a strong financial performance in Q1 2025, with significant income growth and a successful acquisition of Sainsbury's Bank. The company updated its 2025 guidance to reflect its strong start to the year. However, there are concerns about potential impacts from global economic uncertainty and regulatory environments. Despite these challenges, the overall sentiment remains positive due to the robust performance and strategic progress.Company Guidance
In the call, NatWest Group updated its 2025 guidance, expecting to be at the upper end of income and returns ranges. The first quarter saw customer lending grow by 0.9% to GBP 375 billion, with deposits rising 0.5% to GBP 433 billion. Income increased 15.8% year-on-year to GBP 4 billion, and costs were GBP 1.9 billion, resulting in an operating profit of GBP 1.8 billion and an attributable profit of GBP 1.3 billion. The return on tangible equity was 18.5%, with strong capital generation of 49 basis points before shareholder distributions. Earnings per share rose 48% to 15.5p, and the tangible net asset value per share was 347p, up 15% year-on-year. The CET1 ratio stood at 13.8%, with the government shareholding reduced to less than 2%. The bank's guidance now anticipates 2025 income at the upper end of GBP 15.2 billion to GBP 15.7 billion, with other operating expenses around GBP 8 billion, plus GBP 100 million in onetime integration costs, and a loan impairment rate below 20 basis points. RWAs are projected to be between GBP 190 billion and GBP 195 billion, with the return on tangible equity expected at the upper end of 15% to 16%.Strong Financial Performance in Q1 2025
Income increased 15.8% year-on-year to GBP 4 billion, with operating profit of GBP 1.8 billion and attributable profit of GBP 1.3 billion. Earnings per share were up 48% to 15.5p, and tangible net asset value per share was 347p, up 15% year-on-year. Return on tangible equity was 18.5%.
Successful Sainsbury's Bank Transaction
The completion of the Sainsbury's Bank transaction added around 1 million new customer accounts, GBP 2.5 billion of unsecured lending, and GBP 2.7 billion of savings. This increased NatWest's credit card stock share to around 11%.
Updated 2025 Guidance
NatWest now expects 2025 income to be at the upper end of the GBP 15.2 billion to GBP 15.7 billion range, with a return on tangible equity at the upper end of the 15% to 16% range.
Growth in Customer Deposits and Lending
Customer deposits increased by 0.5% to GBP 433 billion, while customer lending grew by 0.9% to GBP 375 billion.
Strong Capital Position
Common equity Tier 1 ratio stood at 13.8%, with a strong capital generation of 49 basis points before shareholder distributions.
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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
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NWG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 02, 2025 | $12.77 | $13.00 | +1.80% |
| Feb 14, 2025 | $10.74 | $10.49 | -2.33% |
| Oct 25, 2024 | $9.26 | $9.18 | -0.86% |
| Jul 26, 2024 | $8.38 | $9.05 | +8.00% |
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.
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FAQ
When does NatWest Group (NWG) report earnings?
NatWest Group (NWG) is schdueled to report earning on Jul 25, 2025, TBA Not Confirmed.
What is NatWest Group (NWG) earnings time?
NatWest Group (NWG) earnings time is at Jul 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NWG EPS forecast?
NWG EPS forecast for the fiscal quarter 2025 (Q2) is 0.36.
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