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NatWest Group (DE:RYSD)
XETRA:RYSD
Earnings Data
Report Date
May 01, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.2Last Year’s EPS
0.18Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Q4 2025
Earnings Call Date:Feb 13, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial narrative: robust 2025 results (income +12%, EPS +27%), meaningful cost savings and improved efficiency (cost/income down 4.8ppts), strong capital generation (252bps) and pronounced strategic ambition (Evelyn Partners acquisition, 2028 targets for >4% CAL growth, cost/income <45%, RoTE >18%). Notable risks include RWA and regulatory headwinds (Basel 3.1), exposure to hedge assumptions for near‑term income, integration and adviser retention execution risk on Evelyn, and some revenue and cost pressures tied to expected rate cuts and inflationary/staff cost pressures. On balance the positive operating momentum, capital strength and explicit guidance/targets outweigh the risks highlighted.Company Guidance
Strong overall financial performance
Income (ex-notables) +12% to GBP 16.4bn; operating profit GBP 7.7bn; profit attributable GBP 5.5bn. EPS +27% to 68p; dividends per share +51% to 32.5p; tangible NAV per share +17% to 384p; RoTE 19.2%; CET1 ratio 14%.
Customer and balance sheet growth
Added ~1 million customers in 2025. Gross lending +5.6% to GBP 393bn, customer deposits +2.4% to GBP 442bn, assets under management & administration +20% to GBP 58.5bn. CAL (customer assets & liabilities) continued multi-year growth.
Improved efficiency and cost savings
Delivered ~GBP 600m of gross cost savings (~7% of 2024 cost base); created GBP 100m of reinvestment capacity. Group cost/income ratio reduced by 4.8 percentage points to 48.6% (positive jaws ~10%).
Capital generation and RWA management
Generated 252bps of CET1 during 2025 (CET1 before distributions 16.1%); ended year CET1 14% after distributions. RWAs reduced by GBP 10.9bn through active management to fund lending growth.
Positive segment performance and strategic wins
Retail: customer base +>5%, customer assets & liabilities +4% to GBP 421bn, unsecured share increased (6.4% -> 7.2%) and credit card share (9.7% -> 10.6%); Mortgages flow share FT buyers 10% -> 12%. Private Banking & WM: >50k new investors, net new flows +41%, AUMA +20% to GBP 58.5bn. Commercial & Institutional: lending up c.10% (GBP 14bn), FX revenue growth ~20% and GBP 19bn climate/transition finance in 2025.
Strategic acquisition: Evelyn Partners
Announced acquisition adding GBP 69bn AUMA, scaling Private Banking & WM to ~20% of group CAL. Expected Day‑1 fee income uplift ~20%, projected income synergies >GBP 700m, cost synergies ~GBP 100m, cost to achieve ~GBP 150m, and expected EBITDA c. GBP 400m — accretive and targeted to deliver superior ROIC vs buybacks by year 3 (day‑1 CET1 impact ~130bps).
Digital, AI and operational progress
Cora generative AI increased resolvable queries by ~20 percentage points; Retail app NPS 51; PBWM App Store rating 4.4 and NPS 54. Decommissioned ~200 business applications; deployment frequency >4x since 2021; critical incidents reduced from 9 (2021) to 1 (2025). ~12,000 engineers using AI assistance.
Structural hedge tailwind
Product hedge income GBP 4.2bn (up GBP 1.2bn y/y); equity hedge ~GBP 500m (up ~GBP 50m). Management expects hedge income ~GBP 1.5bn higher in 2026 vs 2025 and ~GBP 1bn higher in 2027 vs 2026, with yields projected to rise (illustrated 2.4% in 2025 -> ~3.1% in 2026).
DE:RYSD 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
DE:RYSD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 13, 2026 | €6.85 | €6.68 | -2.54% |
Oct 24, 2025 | €6.28 | €6.56 | +4.43% |
Jul 24, 2025 | €5.71 | €5.69 | -0.30% |
May 02, 2025 | €5.55 | €5.57 | +0.25% |
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 (DE:RYSD) report earnings?
NatWest Group (DE:RYSD) is schdueled to report earning on May 01, 2026, TBA (Confirmed).
What is NatWest Group (DE:RYSD) earnings time?
NatWest Group (DE:RYSD) earnings time is at May 01, 2026, TBA (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 the P/E ratio of NatWest Group stock?
The P/E ratio of NatWest Group is N/A.
What is DE:RYSD EPS forecast?
DE:RYSD EPS forecast for the fiscal quarter 2026 (Q1) is 0.2.