Standard Chartered Plc · LSE:STAN
Standard Chartered — Q1 2026 Earnings Presentation
24 slides from Standard Chartered's earnings presentation, Apr 30, 2026
Slide 1: Q1 2026 Results Presentation
Q1 2026 Results Presentation 30 April 2026
Slide 2: Q1'26 highlights
CONFIDENTIAL Q1’26 highlights Strong performance in Q1’26, with income up 9% YoY at ccy and earnings per share up 31% YoY Double-digit growth in Global Banking, Global Markets flow and Wealth Solutions income YoY, with record net new money No material impact from the Middle East conflict in Q1’26; r
Slide 3: Performance overview
CONFIDENTIAL Performance overview $m Q1’25 Q1’26 YoY ccy Q1’26 key stats B/(W) Statutory RoTE Non-interest income Net interest income (NII) 2,797 2,869 1% 17.4% ~51% up 260bps YoY of Group income Non-interest income 2,582 3,033 16% Operating income 5,379 5,902 9% Earning per share TNAV per share Ope
Slide 4: NII resilient; non-interest income driving strong growth
CONFIDENTIAL NII resilient; non-interest income driving strong growth • Q1’26 NII down 3% QoQ driven by NII QoQ ($m) − Impact of lower rates, including 66bps HIBOR reduction in the quarter (3%) ccy 2,948 75 42 2,869 − Partly offset by volumes and mix benefit from increased client activity (64) (18)
Slide 5: Expenses up 1% YoY
CONFIDENTIAL Expenses up 1% YoY Operating expenses YoY ($m) +1% ccy 148 54 67 3,140 3,046 (174) Q1’25 FX Business growth FFG FFG savings Q1’26 & inflation cost-to-achieve & other • Q1’26 expenses up 1% YoY at ccy, with efficiencies largely offsetting business growth − Business growth mainly driven b
Slide 6: No material credit deterioration; proactive application of overlays
CONFIDENTIAL No material credit deterioration; proactive application of overlays Credit impairment ($m) • Q1’26 credit impairment includes $190m of management overlays and post-model adjustments (PMA) in relation to the Middle East conflict Group total 217 119 188 148 296 5 − Increase in non-lineari
Slide 7: Low single-digit growth in underlying customer loans and deposits
CONFIDENTIAL Low single-digit growth in underlying customer loans and deposits Loans and advances (L&A) to customers1 ($bn) • Q1’26 underlying L&A up 3.4% or ~$10bn in the quarter +3.4% − CIB increase largely driven by strong growth in Global Banking 7.5 293.6 286.8 1.4 283.8 2.3 − WRB uptick from w
Slide 8: Operating dynamically within the 13-14% CET1 range
CONFIDENTIAL Operating dynamically within the 13-14% CET1 range • Q1’26 RWA up 3% or $8bn QoQ Risk-weighted assets ($bn) +$8.2bn − ~$7bn increase in asset growth and mix 6.8 3.0 0.7 266.2 258.0 − ~$3bn increase from Market risk RWA as we helped clients (0.4) capture market opportunities (1.9) − Offs
Slide 9: CIB: Strong performance in Global Banking and Flow income
CONFIDENTIAL CIB: Strong performance in Global Banking and Flow income CIB ($m) Q1’25 Q1’26 YoY ccy Global Markets: flow and episodic income ($m) B/(W) Transaction Services 1,529 1,512 (2%) YoY 1,182 1,175 1,190 Global Banking 546 663 19% Global Markets 1,182 1,190 0% 279 406 397 847 Treasury & Othe
Slide 10: WRB: Strong delivery in Wealth Solutions supported by record NNM
CONFIDENTIAL WRB: Strong delivery in Wealth Solutions supported by record NNM WRB ($m) Q1’25 Q1’26 YoY ccy Affluent clients NNM and AUM ($bn) B/(W) Net new money (NNM)1 YoY Assets under management (AUM) Investment Products 560 778 37% Bancassurance 218 265 20% QoQ 18 447 443 Wealth Solutions 778 1,0
Slide 11: In conclusion
CONFIDENTIAL In conclusion Strong start to 2026, with good growth in Global Banking, and record Wealth Solutions income and net new money Performance reflects continued success of our cross-border and affluent strategy Remain vigilant on the external environment Medium-term financial framework to be
Slide 12: Appendices
CONFIDENTIAL Appendices 12
Slide 13: 2026 targets
CONFIDENTIAL 2026 targets Income Reported income growth YoY to be around the bottom end of 5-7% range1 NII Net interest income expected to be broadly flat YoY at ccy Guidance Cost Reported cost1 to be broadly flat YoY RoTE Statutory RoTE in 2026 of >12% 1. At constant currency and excluding material
Slide 14: Tangible net asset value movements
CONFIDENTIAL Tangible net asset value (TNAV) movements Tangible equity TNAV per share Basic # of ordinary shares ($m) (cents) (m) As of 31.12.25 38,868 1,730 2,247 Profit attributable to ordinary shareholders 1,900 85 Dividends paid to: Ordinary shareholders - - Preference and other equity holders (
Slide 15: Product income
CONFIDENTIAL Product income Q1’26 YoY YoY ccy FY’25 YoY $m B/(W) B/(W) B/(W) Transaction Services 1,512 (17) (2%) 6,011 (436) Payments & Liquidity 1,037 (26) (3%) 4,160 (455) Securities & Prime Services 177 26 18% 648 37 Trade & Working Capital 298 (17) (7%) 1,203 (18) Global Banking 663 117 19% 2,2
Slide 16: Interest rate assumptions
CONFIDENTIAL Interest rate assumptions Currency-weighted average1 (bps) SOFR (bps) 389 432 432 432 399 367 365 364 358 332 335 313 303 308 297 294 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Average as of 6.2.26 Average as of 20.4.26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 3-Month HIBOR
Slide 17: Middle East: 6% of exposures; so far resilient; monitoring impacts
CONFIDENTIAL Middle East: 6% of exposures; so far resilient; monitoring impacts • Middle East (ME) portfolio 6% of Group exposures1 Middle East exposures by market1,2 − >90% in CIB, weighted to sovereign-linked corporates, sovereigns and FIs UAE 4% 5% 4% o >75% of CIB exposure is I/G: top tier clien
Slide 18: Deposit mix stable with passthrough rates managed assertively
CONFIDENTIAL Deposit mix stable with passthrough rates managed assertively • CASA/TD mix for both CIB and WRB have been broadly stable QoQ Transaction Services CASA% of CIB deposits3 ($bn) 64% 64% 64% 64% 64% − Increase in CIB deposits driven by the expected reversal of outflows in Q4 CASA % − WRB d
Slide 19: High levels of liquid resources and stable funding
CONFIDENTIAL High levels of liquid resources and stable funding • 151%1 LCR down 4%pts QoQ due to lower HQLA with the deployment of Components of Liquidity coverage ratio (LCR)1 155% 151% surplus into commercial assets 146% • Comfortable to run LCR efficiently without relying on seasonal flows; opti
Slide 20: Capital & MREL: Well-positioned for future growth and requirements
CONFIDENTIAL Capital & MREL: Well-positioned for future growth and requirements • Minimum CET1 requirement remains at 10.3% Capital metrics 33.3% 33.5% 33.7% 10.3% • CET1 capacity to support both growth and shareholder distributions PLC CCB 2.5% Senior 14.1% • Leverage ratio of 4.6%, well above the
Slide 21: Stronger risk foundations supporting resilient performance
CONFIDENTIAL Stronger risk foundations supporting resilient performance • Increase in Q1’26 loan loss rate driven by ~$0.2bn of impairment taken in Risk performance relation to ME conflict and potential 2nd order effects bps 200 Loan loss rate 3 100% • Key portfolio indicators improved since FY’14 r
Slide 22: Select technical and abbreviated terms (1/2)
CONFIDENTIAL Select technical and abbreviated terms (1/2) Term Definition Term Definition Adj. Adjustments DPS Dividend per share AIEA Average interest earning assets DVA Debit valuation adjustment: the Group calculates DVA on its derivative liabilities to reflect changes in its own credit standing
Slide 23: Select technical and abbreviated terms (2/2)
CONFIDENTIAL Select technical and abbreviated terms (2/2) Term Definition Term Definition MDA Maximum distributable amount PAT Profit after tax min. Minimum PBT Profit before tax MREL Minimum requirement for own funds and eligible liabilities PRA Prudential Regulation Authority MTNs Medium-term note
Slide 24: Important notice
CONFIDENTIAL Important notice Forward-looking statements The information included in this document may contain ‘forward-looking statements’ based upon current expectations or beliefs as well as statements formulated with assumptions about future events. Forward-looking statements include, without li