Close Brothers Group
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Close Brothers Group (CBG) investor relations material

Close Brothers Group Q3 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 TU earnings summary21 May, 2026

Executive summary

  • Delivered solid Q3 performance, progressing on strategic objectives during a transitional year.

  • Strong capital position maintained after absorbing additional motor finance commission provision.

Financial highlights

  • Loan book increased 1% in the quarter to £9.3bn; underlying growth 2%.

  • Annualised year-to-date net interest margin at 7.0% (H1 2026: 7.1%), expected slightly below 7% for FY26.

  • Annualised year-to-date bad debt ratio steady at 0.8%, expected to remain below long-term average of 1.2%.

  • Adjusted operating expenses expected below previous guidance of £450m for FY26.

  • Additional £30m income statement charge for motor finance commission provision in Q3.

Outlook and guidance

  • On track to deliver FY26 in line with guidance, subject to macroeconomic developments.

  • Net interest margin expected slightly below 7% for FY26.

  • Group operating loss expected at lower end of £45-50m guidance range.

Impact of legal challenges on motor provision
Drivers for exceeding the £25m cost saving target
Loan book mix impact on FY 2026 NIM guidance
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H2 202629 Sep, 2026
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