The Investor
28 Apr 2026, 17:16
Barclays reported solid first-quarter 2026 results, achieving a return on tangible equity (RoTE) of 13.5% and earnings per share of 14.1p.
Total income increased 6% year-on-year, supported by strong performance across divisions, including a record quarterly income of over £4 billion in the investment bank. The cost-to-income ratio improved to 56%, reflecting ongoing efficiency gains.
Barclays maintained a strong capital position with a CET1 ratio of 14.1% and announced a £500 million share buyback. Net interest income remained on track to meet full-year guidance, while UK lending grew 5% year-on-year.
Despite a one-off impairment charge impacting loan loss rates, the bank reiterated its targets of delivering over 12% RoTE in 2026 and over 14% in 2028.
Source: Barclays
Total income increased 6% year-on-year, supported by strong performance across divisions, including a record quarterly income of over £4 billion in the investment bank. The cost-to-income ratio improved to 56%, reflecting ongoing efficiency gains.
Barclays maintained a strong capital position with a CET1 ratio of 14.1% and announced a £500 million share buyback. Net interest income remained on track to meet full-year guidance, while UK lending grew 5% year-on-year.
Despite a one-off impairment charge impacting loan loss rates, the bank reiterated its targets of delivering over 12% RoTE in 2026 and over 14% in 2028.
Source: Barclays