Strong Revenue and Profit Growth
Income grew by 14% year-on-year to GBP 7.2 billion, profit before taxes increased by 28% to GBP 2.5 billion, and earnings per share rose 41% to 11.7p.
Improvement in Return on Tangible Equity
Return on tangible equity was 13.2% in the first half of the year and 12.3% in the quarter, compared to 11.1% in the first half of 2024 and 9.9% in the second quarter of last year.
Enhanced Shareholder Returns
Announced a GBP 1 billion buyback, up from GBP 750 million in the first half of 2024, with a dividend per share of 3p, leading to a total of GBP 1.4 billion of shareholder distributions for the first half of 2025, up 21% year-on-year.
Investment Bank Performance
The Investment Bank's RoTE improved by 2.6 percentage points year-on-year to 12.2%, with markets income up 34% year-on-year.
Cost Efficiency Gains
Achieved a cost-to-income ratio of 59% in the second quarter, a 4 percentage point improvement year-on-year.
U.S. Consumer Bank Improvements
RoTE increased to 10.2% in the quarter from 9.2% in Q2 2024, with total income rising by 7% year-on-year in U.S. dollar terms.