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# France's Societe Generale reports record Q2 2026 net income of €1.8 billion, RoTE of 12.2%
- URL: https://www.theglobalbanker.com/societe-generale-q2-2026-record-net-income-1-8-billion-rote-12-2-percent/
- Published: 2026-07-30T15:45:00.000Z
- Updated: 2026-10-02T00:50:06.000Z
- Description: SocGen posted a record Q2 group net income of €1.8 billion with RoTE of 12.2%, revenue up 4.5% and costs down 4.1%, with a CET1 ratio of 13.2%.
- Author: TGB Editorial Team
- Tags: Banking News, Europe

Societe Generale reported a record second-quarter group net income of €1.8 billion for the three months to end-June, with return on tangible equity of 12.2%, as revenue growth of 4.5% combined with a 4.1% reduction in costs to lift quarterly group net income to a record level, up from €1,453 million a year earlier.

The result, disclosed in the group's second-quarter and first-half results release, was described by chief executive Slawomir Krupa as illustrating "the strength and continued growth of our financial performance, reflecting the disciplined execution of our strategic plan".

#### COST DISCIPLINE DRIVES THE JUMP

The 58.6% cost/income ratio for the second quarter compares with 63.8% a year earlier. With revenue up 4.5% and costs down 4.1%, the bank reported strong positive jaws in the quarter.

Cost of risk was 27 basis points. The bank raised its 2026 RoTE target to around 11% from more than 10% and now expects costs to fall by around 4% from 2025, compared with around 3% previously.

#### CAPITAL POSITION STRENGTHENED

The group's common equity tier 1 ratio stood at 13.2% at end-Q2 2026, around 290 basis points above the regulatory requirement, after the extraordinary share buyback. The bank announced a €1.5 billion extraordinary share buyback, launching on 3 August, and an interim dividend of €0.751 per share, up 23% on 2025.

First-half group revenue reached €14.2 billion, up 2.4% year on year, and first-half group net income reached a record €3,487 million, with RoTE of 12.0%.

Krupa said the group would present a new strategic and financial roadmap at its Capital Markets Day on 21 September.