NatWest Group Reports Q3 Total Income Growth Driven by Lending and Deposits
NatWest Group (NWG) reported third-quarter financial results characterized by a 7.1% year-over-year increase in total income, reaching £4.64 billion. This performance aligned closely with market consensus estimates. The growth was primarily driven by an 8.9% rise in net interest income, which climbed to £3.56 billion, alongside a modest 1.6% uptick in non-interest income. Despite the revenue growth, earnings per share (EPS) saw a slight decline of 2.6%, falling to 19.1p compared to 19.6p in the previous year. The results highlight a period of robust lending and deposit activity for the banking group as it navigates current interest rate environments.
Tickers: $NWG
Topics: earnings EPS net interest income revenue