8/104 sources · 4 publishersUpdated Oct 30, 16:16 UTC
NatWest reports Q3 2026 profit decline, higher impairments and defers share buyback
NatWest Group posted attributable profit of £1.5‑£1.53 billion for the third quarter, down sequentially, while impairment losses jumped 98% to £277 million. Net interest income rose about 9% year‑on‑year, but the bank postponed its next share‑buyback announcement, prompting the shares to fall between 3% and 8% in trading. The company kept its full‑year 2026 guidance unchanged.
Why it matters
Analysts note the profit miss and higher impairments increase near‑term earnings uncertainty, and the deferred buyback removes a near‑term capital‑return catalyst, which pushed the stock lower on the day of the release.
Key facts
- 1Attributable profit for Q3 2026 was £1.5 billion. tradingview.com
- 2Attributable profit for Q3 2026 was £1.53 billion. investing.com
- 3Impairment losses rose 98% quarter‑on‑quarter to £277 million. investing.com
- 4Net interest income increased 9% year‑on‑year to £3.56 billion. investing.com
- 5Total income rose 7% year‑on‑year to £4.64 billion. investing.com
- 6Cost‑income ratio was 45.7% in Q3. finance.yahoo.com
Open questions
- Return on tangible equity differs between material 1 (21.6%) and material 4 (20.2%) on the same basis.
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.