NatWest Group Reports Strong Q3 2026 Results Driven by Asset Growth and Evelyn Partners Acquisition
NatWest Group (NWG) delivered robust third-quarter 2026 results, characterized by significant growth in customer assets and liabilities, which rose 14.2%, far exceeding internal targets. The group's earnings per share increased by 13.2% to 57.4 pence, supported by operational simplification and the successful integration of Evelyn Partners, which helped double Assets Under Management and Administration to GBP 132 billion. Financial performance remained resilient with an operating profit of GBP 2.2 billion and a Return on Tangible Equity (RoTE) of 20.2%, maintaining levels above the four-year average. While Net Interest Margin remained stable at 250 basis points, management noted that deposit margin expansion was partially offset by mortgage repricing and the roll-off of high-margin fixed mortgages. The bank maintains a strong capital position with a Common Equity Tier 1 ratio of 13.5%. Looking ahead, NatWest provided full-year income guidance of approximately GBP 17.9 billion (excluding notable items) and expects structural hedge income to increase significantly in 2027.
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Topics: acquisition impact asset growth earnings report financial performance mortgage lending