Pam Kerr
Group Chief Financial Officer
Replay available
HSBC Holdings, plc. (HSBC) Q1 2026 Earnings Call
HSBC Holdings, plc. (NYSE: HSBC) Q1 2026 earnings conference call, held 2026-05-05. Replay captured from the company's public earnings webcast.
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Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Hsbc Holdings Plc.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.117 Welcome to the Analyst and Investor presentation for HSBC Holdings PLC First 00:00:05.117 -- 00:00:10.042 Quarter 2026 Earnings. This webinar is being recorded. 00:00:10.042 -- 00:00:14.587 I will now hand over to Pam Kerr, Group Chief Financial Officer. 00:00:14.587 -- 00:00:18.632 Welcome, everyone. Thank you for joining. 00:00:18.632 -- 00:00:23.698 We have had another quarter of positive performance, 00:00:23.698 -- 00:00:29.022 which reflects further progress towards creating a simple, 00:00:29.022 -- 00:00:33.327 More agile, growing HSBC. 00:00:33.327 -- 00:00:39.275 Annualized return on tangible equity, excluding notable items, 00:00:39.275 -- 00:00:41.535 was 18.7%. 00:00:42.599 -- 00:00:47.605 We are confident in achieving the targets we set out to you at the 00:00:47.605 -- 00:00:53.833 full year. We are updating two pieces of guidance today. 00:00:53.833 -- 00:00:58.891 Banking NII to around 46 billion dollars. 00:00:58.891 -- 00:01:04.039 and our expected ECL charge to around 45 basis 00:01:04.039 -- 00:01:05.461 points. 00:01:05.461 -- 00:01:09.147 I'll talk to the drivers of both shortly. 00:01:09.147 -- 00:01:14.175 In the quarter, we continued to make disciplined progress in 00:01:14.175 -- 00:01:17.481 simplifying the group to unlock 00:01:17.481 -- 00:01:20.185 HSBC's growth potential. 00:01:20.185 -- 00:01:23.590 We actioned a further $0.2 00:01:23.590 -- 00:01:28.612 billion of simplification saves and remain well on 00:01:28.612 -- 00:01:34.979 course to deliver the $1.5 billion target. 00:01:34.979 -- 00:01:40.024 We completed the privatization of Hang Seng Bank, 00:01:40.024 -- 00:01:43.768 the sale of UK Life Insurance, 00:01:43.768 -- 00:01:49.254 Sri Lanka Retail Banking, and South Africa. 00:01:49.254 -- ...