Barclays Plans to Return at Least £10B Capital Between 2024 and 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2026
0mins
Should l Buy BCS?
The company said, "Capital returns: plan to return at least GBP 10B of capital to shareholders between 2024 and 2026, through dividends and share buybacks, with a continued preference for buybacks; Progressive increase in total capital returns versus 2025; Share buybacks announced quarterly; Dividends to be paid semi-annually, including planned GBP 2B dividend for 2026. Income: Group total income of c.GBP 31Bl Group NII excluding IB and Head Office greater than GBP 13.5B and Barclays UK NII of GBP 8.1B - GBP 8.3B. Costs: Group cost: income ratio of high 50s in percentage terms. Impairment: expect Group LLR of 50-60bps through the cycle. Capital: CET1 ratio target range of 13-14%; IB RWAs mid 50s% of Group RWAs; Impact of regulatory change on RWAs in line with our prior guidance of c.GBP 19-26B; c.GBP 3-10B RWAs from Basel 3.1, with implementation expected from 1 January 2027; c.GBP 16B RWAs from USCB moving to an Internal Ratings Based model, subject to portfolio changes and regulatory approval, c.GBP 5B expected on 1 January 2027 with remainder anticipated later in 2027; Expect Pillar 2A capital to reduce upon implementation of Basel 3.1 and USCB IRB."
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About BCS
Barclays PLC is a diversified bank with five divisions comprising Barclays UK, Barclays UK Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank and Barclays US Consumer Bank. The Barclays UK division represents businesses that sit within the United Kingdom ring-fenced bank, Barclays Bank UK PLC and its subsidiaries, and comprises Personal Banking, UK Business Banking and Barclaycard Consumer UK. The Barclays UK Corporate Bank division offers lending, trade and working capital, liquidity, payments, and FX solutions for corporate clients. Barclays Private Bank and Wealth Management division comprises the Private Bank, Wealth Management, and Investments businesses. Barclays Investment Bank division incorporates the Global Markets, Investment Banking, and International Corporate Banking businesses. Barclays US Consumer Bank division represents the United States credit card business, focused on the partnership market, as well as an online deposit franchise.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Class Action Preparation: The firm is preparing a class action lawsuit against Barclays, allowing investors to seek compensation without any out-of-pocket costs, aiming to safeguard investor rights and recover losses incurred.
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- Class Action Preparation: The firm is preparing a class action to seek recovery of investor losses, demonstrating its commitment to protecting investor rights and potentially exacerbating reputational damage for Barclays.
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See More
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