Barclays delivered a stronger-than-expected first-quarter performance, reporting pre-tax profit of £2.7 billion for the three months ended 31 March 2025, a 19% increase on the comparable period a year earlier and ahead of consensus estimates compiled before the announcement. The result was driven principally by a 16% rise in Barclays Investment Bank income, alongside 14% income growth at Barclays UK.
Return on tangible equity reached 14.0%, and earnings per share came in at 13.0 pence. The Common Equity Tier 1 capital ratio stood at 13.9%, a level the bank described as at the upper end of its 13-14% target range, in its quarterly results filing.
NET INTEREST INCOME
Net interest income rose, with Barclays UK's net interest margin up 46 basis points year-on-year to 3.55% and group NII guidance (excluding the investment bank and head office) raised to more than £12.5 billion.
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