The group’s return on tangible equity, a measure of profitability, averaged 10.5% in 2024, up from 9% in the previous year — as the bank set out targets for an increase to around 11% in 2025 and to more than 12% in 2026.
The bank also sets out to achieve a net interest income (NII) — a key profitability metric that indicates the money a bank made from loans after deducting the interest paid on deposits — of £7.4 billion across its retail unit this year, in line with expectations cited by Citi analysts.
“New 2025 guidance for NII, cost-income and RoTE are all broadly in-line with consensus, while 2026 targets are unchanged. Overall a solid set of results, but little new to get excited about either. This, plus the strong run up in the share price over the past year, may temper any initial reaction, but the stock still appears inexpensive in our view,” they sai
d.
The group’s return on tangible equity, a measure of profitability, averaged 10.5% in 2024, up from 9% in the previous year — as the bank set out targets for an increase to around 11% in 2025 and to more than 12% in 2026.
The bank also sets out to achieve a net interest income (NII) — a key profitability metric that indicates the money a bank made from loans after deducting the interest paid on deposits — of £7.4 billion across its retail unit this year, in line with expectations cited by Citi analysts.
“New 2025The group’s return on tangible equity, a measure of profitability, averaged 10.5% in 2024, up from 9% in the previous year — as the bank set out targets for an increase to around 11% in 2025 and to more than 12% in 2026.
The bank also sets out to achieve a net interest income (NII) — a key profitability metric that indicates the money a bank made from loans after deducting the interest paid on deposits — of £7.4 billion across its retail unit this year, in line with expectations cited by Citi analysts.
“New 2025 guidance for NII, cost-income and RoTE are all broadly in-line with consensus, while 2026 targets are unchanged. Overall a solid set of results, but little new to get excited about either. This, plus the strong run up in the share price over the past year, may temper any initial reaction, but the stock still appears inexpensive in our view,” they said.
guidance for NII, cost-income and RoTE are all broadly in-line with consensus, while 2026 targets are unchanged. Overall a solid set of results, but little new to get excited about either. This, plus the strong run up in the share price over the past year, may temper any initial reaction, but the stock still appears inexpensive in our view,” they said.
