For the three months ending 30 September 2025, the bank reported an underlying operating income of $5.1 billion (c. £3.9bn), a 5% increase compared to the same period last year. This growth was achieved despite a 1% dip in net interest income to $2.7bn (c. £2bn). The decline was more than offset by a 12% rise in non-net interest income to $2.4bn (c. £1.8bn), fuelled by a 27% increase in Wealth Solutions and a 23% rise in global banking income.

Underlying profit before taxation rose 10% to just under $2bn (c. £1.5bn), after accounting for credit impairment charges of $195 million (c. £149m) and additional restructuring charges of $219m (c. £167m). The bank’s underlying return on tangible equity (RoTE) increased by 260 basis points to 13.4%. Capital levels remained robust, with a Common Equity Tier 1 (CET1) ratio of 14.2%.

Group chief executive Bill Winters commented on the performance, stating: “We now expect to deliver an underlying return on tangible equity of around 13% in 2025, hitting our target a year earlier than planned.”