NatWest Group (NYSE:NWG) Issues Earnings Results, Hits Expectations

NatWest Group (NYSE:NWG) announced its quarterly earnings data on Friday. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51, FiscalAI reports. The business had revenue of $6.08 billion for the quarter, compared to analyst estimates of $6.18 billion. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%.

Here are the key takeaways from NatWest Group’s conference call:

• Broad-based growth continued: customer assets and liabilities rose 14.2% year over year, with lending up 7.7%, mortgage share increasing to 12.7%, and Commercial & Institutional lending particularly strong in infrastructure, renewables, housing and technology.
• Third-quarter income excluding notable items increased 3.1% to £4.6 billion, while costs rose 2.8%; the cost-income ratio improved to 45.1% and return on tangible equity reached 21.6%. Management maintained its 2026 income guidance of approximately £17.9 billion.
• Evelyn Partners integration is reportedly on track, with assets under management and administration more than doubling to £132.4 billion and £1 billion of net inflows since completion. Management also expects structural-hedge income to be more than £1 billion higher in 2027 than in 2026.
• Management expects broadly stable net interest margin in 2027, as structural-hedge benefits are offset by mortgage repricing, lending mix, deposit competition and increased wholesale funding. Average interest-earning assets are expected to grow more closely in line with lending as surplus liquidity is replaced with additional funding.
• Credit performance remains strong, with the nine-month impairment rate at 21 basis points and full-year guidance below 25 basis points. Capital generation reached 208 basis points in the quarter, the CET1 ratio was 13.5% after dividend accrual, and the bank plans to announce its next buyback with full-year results in February.

NatWest Group Stock Performance

Shares of NatWest Group stock traded down $1.53 during trading hours on Friday, reaching $15.46. The company had a trading volume of 6,259,860 shares, compared to its average volume of 3,997,385. The firm has a market cap of $61.41 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 0.78 and a beta of 0.94. NatWest Group has a one year low of $13.76 and a one year high of $19.42. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.04. The business has a fifty day simple moving average of $18.02 and a 200 day simple moving average of $17.09.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NWG shares. Weiss Ratings lowered shares of NatWest Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. Morgan Stanley raised NatWest Group from an “equal weight” rating to an “overweight” rating in a report on Wednesday, September 2nd. Barclays raised NatWest Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, October 13th. Finally, Wall Street Zen downgraded NatWest Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About NatWest Group

NatWest Group plc is a United Kingdom-based banking and financial services company. Through brands including NatWest, Royal Bank of Scotland, Ulster Bank and Coutts, it provides current accounts, savings products, mortgages, personal loans, credit cards, insurance and other financial services to individuals and households.

The group also serves small and medium-sized businesses, larger companies and institutional clients. Its commercial and institutional banking activities include lending, transaction banking, cash management, payments, trade finance, capital markets services and risk-management solutions.