Q1 2025 Standard Chartered PLC Earnings Call Transcript
Key Points
- Standard Chartered PLC (SCBFF) reported a 12% year-on-year increase in income for Q1 2025, excluding notable items.
- Earnings per share rose by 19%, driven by strong performance in Wealth Solutions, Global Markets, and Global Banking.
- The company's network business, which accounts for 60% of CIB income, is highly diversified and resilient.
- The cross-border strategy and affluent business are capturing opportunities in wealth creation across dynamic markets.
- The company has increased its hedging to reduce interest rate sensitivity, with a short-dated balance sheet.
- Operating expenses increased by 5% year-on-year due to inflation and business growth initiatives.
- Credit impairment was $219 million, with a notable charge in the WRB segment.
- Net interest income (NII) was down 5% quarter-on-quarter, with challenges expected in growing NII for 2025.
- The company faces potential risks from geopolitical developments and trade tariffs impacting global growth.
- Market risk-weighted assets increased by $8 billion, although expected to reduce in Q2.
Good morning and good afternoon, everyone, and welcome to our first quarter 2025 results presentation. I'm joined here in London by Diego. And as usual, we'll first run through the presentation before taking your questions.
We have delivered a strong set of results for the first quarter of 2025 with income up 12% year-on-year, excluding notable items, and earnings per share up 19%. This was driven by strong performance across Wealth Solutions, Global Markets and Global Banking, continuing the positive trend of recent quarters. This momentum has continued into Q2, particularly in Global Markets.
Our network business, which represents around 60% of our CIB income, is highly diversified, is resilient and is agile. Clearly, there have been geopolitical developments and uncertainties since we last spoke to you. Notwithstanding some of the challenges which might arise, we are confident that our strategy and business is well positioned to face any headwinds in the current environment and into the future
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
