Key facts: NWG Q3 £1.5bn; $1bn notes, £156M buybacks; Evelyn lifts AUM

NatWest (NWG) reported Q3 2026 earnings with income growth of 9.3%, cost growth of 4.8%, and a cost-income ratio of 45.7%. Earnings per share rose 13.2% to 57.4 pence. The bank's capital ratio stands at 13.5%, with a return on tangible equity of 20.2%. Full-year income is expected to reach around GBP 17.9 billion, excluding notable items. The impairment charge was GBP 277 million, and the CET1 ratio is 13.5% after distributions.

NatWest reported a 2% increase in operating pre-tax profit to £2.2b for Q3, with net interest income up 9% to £3.6b. The bank cut 1,400 jobs and saved £420m in costs, while investing in AI and tech. CEO Paul Thwaite noted economic resilience but higher fuel spending. Mortgage balances increased due to remortgaging.

NatWest Group (NWG) shares fell 8.2% premarket after Q3 net interest income missed analyst estimates, though total income met expectations. The company maintained its 2026 guidance, including total income excluding notable items.

Natwest Group ADR (NYSE: NWG) reported Q3 EPS of $0.511, missing estimates by $0.001, while revenue of $6.21B exceeded expectations. The stock is down 12.46% over the last 3 months but up 9.89% year-over-year. InvestingPro rates its financial health as 'good performance'.

NatWest reported a £1.2bn increase in mortgage balances in Q3 2026, with year-to-date growth of £8.3bn. Mortgage market share rose to 12.7%. Profit before impairments grew to £2.5bn. Retail banking income increased, but net interest margin fell to 2.65%.

The FTSE 100 was up 0.1% on Friday, heading for a monthly gain, as AstraZeneca rose 3.6% after announcing a restructuring plan to save $1.5 billion. The broader pharma sector gained 3%. Banks weighed on the index, with NatWest down 7.9% after disappointing earnings. Oil prices rose 2%, and energy stocks gained 0.2%. Inflation data earlier in the month suggested a potential rate hike by the Bank of England in November.