NatWest Group plc said on Friday that its total income stood at £3.48 billion in the first quarter of fiscal 2024, down 10.3% compared to the same period a year earlier.
Operating profit before tax reached £1.3 billion in the three months ending with March 31, 2024, marking a 27% decrease from the same trimester last year, and profit attributable to ordinary shareholders fell from £1.3 billion in the initial quarter of 2023 to £918 million this year. Basic earnings per share fell 20% to 10.5 pence, while the return on tangible equity was 14.2%.
"NatWest Group has delivered a strong set of results for the first quarter - with an operating profit of £1.3 billion - as we remain focused on the priorities we set out in February, which will help us shape the future of this bank," CEO Paul Thwaite stated.
