$NWG · NatWest Group plc
NatWest Group filed its Q3 2026 results on Form 6-K, reporting attributable profit of £1,532M (EPS 19.3p) on total income of £4,640M. Net interest income was £3,559M, up from £3,268M in Q3 2025. Customer assets and liabilities crossed £1 trillion to £1,002.6B, with RoTE at 21.6% and a year-to-date cost:income ratio of 46.4%.
- Q3 attributable profit of £1,532M, EPS of 19.3p, and RoTE of 21.6%
- Nine-month net interest income rose 11.3% YoY to £10,449M on higher interest receivable
- Customer assets and liabilities (CAL) reached £1,002.6B, up £15.7B (+1.6%) in the quarter
- Impairment losses increased to £277M in Q3 from £153M in Q3 2025, reflecting credit normalization
- Year-to-date cost:income ratio improved to 46.4%, down 2.4pp from prior year
Markets closed — no regular-session reaction yet; extended-hours move not captured here. NWG last traded at $17.00 (-1.33% on the day pre-filing).
NatWest's CAL crossing £1 trillion and 21.6% RoTE demonstrate a UK bank executing at top-decile returns while growing across all three customer franchises.
NatWest's 21.6% RoTE and sub-47% cost:income ratio position it favorably among UK peers, with CAL crossing £1T marking scale that rivals larger European banks.
Impairment losses rose to £277M in Q3 2026 vs £153M in Q3 2025, signaling credit deterioration. The filing flags ongoing economic and political uncertainty in the UK, interest rate sensitivity, and execution risk around the Evelyn Partners integration.