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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.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.
- Streamlined specialist lender targeting double-digit RoTE and 5-10% annual loan growth by FY28.CBG
Corporate presentation20 Mar 2026 - Adjusted operating profit down 19% to GBP 65.2m; strong capital, major motor finance provision.CBG
H1 202617 Mar 2026 - Profit up 50% and capital actions progressing, with CET1 at 12.8% amid sector uncertainty.CBG
H2 20243 Feb 2026 - Statutory loss from £165m motor finance provision; capital and cost actions support resilience.CBG
H1 202526 Dec 2025 - Q1 saw robust margins, higher redress provision, and stable capital ratios; FY2026 outlook steady.CBG
Q1 2026 TU20 Nov 2025 - Strong capital, cost savings, and portfolio simplification support double-digit RoTE by FY28.CBG
H2 202530 Sep 2025 - Strong Q1 performance, stable capital, and ongoing legal uncertainty in motor finance.CBG
Trading Update13 Jun 2025 - CET1 ratio rose to 14.0% as cost savings advanced and loan book stabilised.CBG
Trading Update6 Jun 2025
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