BRD-Groupe Societe Generale SA (FRA:76B)

Q2 2026 BRD Groupe Societe Generale SA Earnings Call Transcript

Jul 30, 2026 / 09:00 AM GMT

Release Date Price: €7.08 (+0.71%)

Transcript

Key Points

Positve

Record net income of EUR3.5 billion for H1 2026, ahead of annual targets.
Strong cost discipline with operating expenses down 5% versus H1 2025, exceeding original targets.
Cost-to-income ratio improved to 59.7%, in line with year-end target of below 60%.
Capital position remains strong with CET1 ratio at 13.2% after a EUR1.5 billion share buyback.
French retail, private banking, and insurance saw strong revenue growth of 12.6% in Q2 2026.

Negative

Revenues in mobility, international retail banking, and financial services decreased by 4.9% in Q2 2026.
Equities business underperformed compared to peers due to strategic preference for stability over high-risk opportunities.
Loan and deposit volumes in French retail networks declined, with loans down 2% and deposits down 3% year-on-year.
Avens used car sales results remain under normalization pressure, with average results per unit at EUR330.
Fixed income and currencies revenues declined by 11% in Q2 2026 due to unfavorable market conditions.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ROBRD.BX - BRD Groupe Societe Generale SA
Q2 2026 BRD Groupe Societe Generale SA Earnings Call
Jul 30, 2026 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone, and thank you for joining us today.

Leo and I are delighted to present to you another strong set of results.

They demonstrate the strength of our execution as we enter into the final stage of our current strategic roadmap.

Our high-quality financial performance during the first half of 2026 puts us ahead of our 2026 annual target and results. In a record net income for the group of EUR3.5 billion.

In light of this performance, we are pleased to announce the launch of a EUR1.5 billion extraordinary share buyback, as well as an interim dividend for the first half of 2026 of EUR0.75 per share, up plus 23% versus last year.

These strong results.

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