NatWest Group plc

NYSE•NWG

CEO: Mr. John-Paul Thwaite

Sector: Financial Services

Industry: Banks - Diversified

Listing Date: 2007-10-18

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments. The Retail Banking segment offers a range of banking products and related financial services, such as current accounts, mortgages, personal unsecured lending, and personal deposits, as well as mobile and online banking services. The Private Banking segment provides private banking and wealth management products for high-net-worth individuals and their business interests. The Commercial & Institutional segment offers banking and financial solutions to large corporate organisations, multi-nationals, and financial institutions. The company was formerly known as The Royal Bank of Scotland Group plc and changed its name to NatWest Group plc in July 2020. NatWest Group plc was founded in 1727 and is headquartered in Edinburgh, the United Kingdom.

Contact Information

Gogarburn, 175 Glasgow Road PO Box 1000, Edinburgh, EH12 1HQ, United Kingdom

44-13-1556-8555

www.natwestgroup.com

Market Cap

$30.51B

P/E (TTM)

7.9

Dividend Yield

4.4%

52W High

$19.36

52W Low

$10.40

52W Range

55%

Rank41Top 44.9%

4.0

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 4 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$9.83B+0.00%

4-Quarter Trend

EPS

$0.90+0.00%

4-Quarter Trend

FCF

$0.00+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Strong Profit Attributable Growth Profit attributable to ordinary shareholders was £5,479M, marking a 21.2% increase compared to the prior year's £4,519M.

Income Growth and NIM Expansion Total income excluding notable items grew 12.0% to £16.4B, with Net Interest Margin improving 21 basis points to 2.34%.

Robust Capital Adequacy CET1 ratio strengthened by 40 basis points to 14.0% at year-end 2025, providing significant headroom above minimum requirements.

Balance Sheet and Lending Growth Total assets reached £714.6B, reflecting a 0.9% increase, supported by £18.6B growth in net loans to customers.

Risk Factors

Rising Credit Impairment Charge Loan impairment rate rose to 16bps (from 9bps), resulting in an ECL charge of £671M, up significantly from £359M in 2024.

Increased Risk-Weighted Assets Total RWAs increased by £10.1B to £193.3B, mainly driven by a £7.6B rise in credit risk RWAs reflecting lending growth.

Operational and Cyber Resilience Inherent risks from reliance on complex IT systems, sophisticated cyberattacks, and evolving data management practices remain critical concerns.

Economic and Political Uncertainty Continued exposure to UK and global economic risks, including inflation, interest rate volatility, and geopolitical developments, impacts performance.

Outlook

Projected Hedge Income Increase Expect total structural hedge income to increase by around £1.5B in 2026 compared to 2025, with a further £1B increase expected in 2027.

Shareholder Capital Distributions Intend to commence a £750M share buyback programme in H1 2026, following total capital distributions deducted of £4.1B in 2025.

Climate Finance Commitment Targeting £200B in transition and climate finance between July 2025 and the end of 2030, supported by ongoing portfolio-level activity.

Focus on Efficiency and Agility Continue making progress on becoming a simpler, more agile, and technology-driven bank by delivering efficiencies from investment programmes.

Peer Comparison

Revenue (TTM)

$114.98B

+11.5%

BBD

$61.22B

+37.3%

BBDO

$57.86B

+29.7%

Gross Margin (Latest Quarter)

RJF

89.4%

+1.9pp

FITB

71.4%

+10.6pp

MTB

70.5%

+4.0pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
MS	$245.12B	14.4	15.4%	33.5%
TFC	$55.43B	10.6	8.2%	12.7%
BBD	$38.72B	8.7	13.6%	15.5%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

2.4%

Moderate Growth

4Q Net Income CAGR

5.1%

Profitability Improving

Cash Flow Stability

Cash Flow Needs Attention

Deep Research

Next earnings:May 1, 2026

EPS:$0.48

Revenue:$5.87B

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data