NatWest Group Delivers 12% Income Growth and 19.2% RoTE
NatWest Group's 2025 total income rose 12% to £16.4 billion and EPS climbed 27%, driving a 19.2% RoTE with 1 million new customers and £4.1 billion returned to shareholders. The bank acquired Evolent Partners to add £69 billion in assets and guided 2026 income up to £17.6 billion.
1. 2025 Financial Performance
In 2025, NatWest Group delivered a 12% increase in total income to £16.4 billion and a 27% jump in EPS, driven by higher retail and commercial lending volumes. The bank onboarded one million new customers, achieved a 19.2% return on tangible equity and returned £4.1 billion to shareholders through dividends and share buybacks.
2. Strategic Acquisition
The acquisition of Evolent Partners adds £69 billion in managed assets, significantly bolstering NatWest’s wealth management segment. This move enhances the bank’s fee-based revenue streams and positions it to capture growth in advisory and investment solutions.
3. Capital Targets and Outlook
NatWest lowered its CET1 capital target to approximately 13% as it emphasizes efficiency and shareholder returns. The group aims for a cost-to-income ratio below 45% and RoTE above 18% by 2028, while guiding 2026 total income up to £17.6 billion and investing in AI and digital simplification initiatives.