Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Riyad Bank Saudi Arabia Posts SAR 2.49 Billion Q1 Net Profit, Up 19.9% on Lower Provisions
Riyad Bank's Q1 2025 net profit rose 19.9% to SAR 2.486 billion, lifted by a 7.6% gain in net special commission income and a 23.9% drop in provision charges.
ICICI Bank Reports FY2025 Net Profit of INR 47,227 Crore, Up 15.5%, on Domestic Loan Growth
ICICI Bank posted FY2025 profit after tax of INR 47,227 crore, up 15.5% year-on-year, with total deposits rising 14% to INR 16.1 trillion and domestic advances up 13.9%.
National Bank of Kuwait Q1 Profit Dips 8.5% as New Minimum Top-Up Tax Weighs on Earnings
National Bank of Kuwait's Q1 2025 net profit fell 8.5% to KD 134.1 million after Kuwait's new Domestic Minimum Top-Up Tax reduced post-tax earnings despite solid operating income.
Kasikornbank Reports Q1 2025 Net Profit of THB 13.79 Billion, as Credit Costs Fall
KBank posted Q1 2025 net profit of THB 13.79 billion, up 1.1% year-on-year, as lower credit costs and 15.4% growth in non-interest income offset net interest margin compression.
HDFC Bank Posts INR 673.5 Billion FY2025 Net Profit, Up 10.7%, as Post-Merger Integration Continues
HDFC Bank reported FY2025 net profit of INR 673.5 billion, up 10.7% year-on-year, with total assets reaching INR 39.1 trillion and gross NPA at 1.33%.
First HoldCo Reports N781.9 Billion Pre-Tax Profit for FY2024 as Gross Earnings Top N3.2 Trillion
First HoldCo, parent of First Bank of Nigeria, posted FY2024 pre-tax profit of N781.88B — up 124.8% year-on-year — as gross earnings crossed N3.21 trillion.
Huntington Bancshares Reports 26% Profit Jump in Q1 2025 and Launches $1 Billion Share Repurchase
Huntington Bancshares posted Q1 2025 net income of $527m, up 26% year-on-year, with ROTCE of 16.7% and a new share repurchase authorisation of up to $1bn approved.
Fifth Third Bancorp Posts Q1 2025 Net Income of $478 Million with NIM at 3.03% as It Delivers Positive Operating Leverage
Fifth Third Bancorp reported Q1 2025 net income of $478m and EPS of $0.71, with NIM expanding 17bps year-on-year to 3.03% and $225m in shares repurchased.
Truist Financial Reports Q1 2025 Net Income of $1.2 Billion with NII Up 3.8% and $500 Million in Share Buybacks
Truist Financial posted Q1 2025 net income of $1.2bn (EPS $0.87), with NII up 3.8% year-on-year, revenues of $4.95bn, and $500m in shares repurchased.
Commercial Bank Qatar Posts QAR 651 Million Q1 Profit as Pillar Two Tax Hits Earnings
Commercial Bank of Qatar's Q1 2025 net profit fell 18.7% to QAR 651.4 million after a QAR 52.9 million BEPS Pillar Two charge hit its bottom line for the first time.
KeyCorp Reports Q1 2025 Revenue Up 16% Year-on-Year with Record First-Quarter Investment Banking Fees and New $1 Billion Buyback
KeyCorp posted Q1 2025 net income of $370m (EPS $0.33) and revenue of $1.8bn, up 16% year-on-year, with NIM expanding 17bps sequentially and record first-quarter IB fees.
US Bancorp Delivers 32% Year-on-Year EPS Growth in Q1 2025 with Third Consecutive Quarter of Positive Operating Leverage
U.S. Bancorp posted Q1 2025 net income of $1.71bn and EPS of $1.03, up 32% year-on-year, with 270bps of positive operating leverage and ROTCE of 17.5%.