Société Générale posted net income of €1.608 billion in the first quarter of 2025, a 2.4-fold increase on the equivalent period a year earlier. Total revenues for the quarter reached €7.1 billion, a 6.6% year-on-year increase, the bank said in a press release published on its website.
Return on tangible equity came in at 11.0%, a figure that exceeded the group's stated target for the full year 2025. The cost-to-income ratio improved to 65.0%, below the 66% target the group had set for the full year.
OPERATING COSTS FALL AS REVENUE RISES
Operating expenses declined 4.4% year-on-year excluding the impact of disposals.
French retail banking rebounded from the pressures it faced during 2024. The recovery in French retail was supplemented by contributions from the group's international banking and financial services division and from the global banking and investor solutions business.
CAPITAL
The group's Common Equity Tier 1 ratio reached 13.4% at the end of the first quarter, approximately 320 basis points above its maximum distributable amount (MDA) threshold.
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