NWG News & Events

The company said, "Based on our latest expectations for interest rates and economic conditions, we now expect income excluding notable items to be at the top end of our previously guided range of GBP 17.2 - 17.6B. Except for this strengthened guidance, we reaffirm the outlook provided in our full year 2025 results. We are confident we will achieve our guidance however we recognise that market conditions are uncertain and we will refine our internal forecasts as the economic position evolves."

Approx. 200bps capital generation. Comments taken from Q1 earnings conference call slides.

Reports Q1 total income GBP 4.36B, with pretax profit GBP 2B; Net interest margin of 2.47%; Common Equity Tier 1 ratio of 14.3%. Chief Executive, Paul Thwaite, commented: "NatWest Group's strong performance in the first quarter of 2026 reflects our consistent delivery for customers and shareholders. Total income excluding notable items(1) of GBP 4.2 billion and an operating profit of GBP 2.0 billion have both increased compared to Q1 2025, with a Return on Tangible Equity of 18.2% continuing our track record of delivering attractive returns. Having raised our ambitions in February 2026, we have continued to make good progress against our strategic priorities in Q1 2026. We have started the year with positive momentum, underpinned by healthy customer activity - growing all of our three businesses, expanding our capabilities to meet more of our customers' needs and further improving productivity as we use AI at scale across the bank. NatWest Group has a vital role to play in the lives of our customers and in the communities we serve throughout the UK. The strength of our balance sheet, scale of our business and depth of our long-standing relationships mean that we can provide the funding, advice and expertise our 20 million customers need in order to navigate increasing uncertainty and to achieve their goals."