Barclays (BARC) Fixed Income presentation summary

Financial performance and targets

• Group delivered Q1 2026 RoTE of 13.5%, with profit before tax up 3% year-on-year and 8% tangible equity growth.

• Group income rose 6% YoY to £8.2bn, with net interest income up 12% YoY to £3.4bn; FY26 NII guidance is >£13.5bn.

• Cost:income ratio improved to 56% in Q1 2026, with £150m of cost efficiency savings realized; FY26 guidance is high 50s%.

• Announced £500m share buyback for Q1 2026 and planned £2bn dividend for 2026.

• CET1 ratio at 14.1% (13.9% rebased), operating at the top end of the 13-14% target range.

Business segment highlights

• Barclays UK achieved RoTE of 19.7% with 9% YoY income growth and stable cost:income ratio at 54%.

• UK Corporate Bank delivered RoTE of 19.9%, with 10% YoY income growth and cost:income ratio at 48%.

• Private Bank & Wealth Management posted RoTE of 25.5%, with 9% YoY income growth and 1.5bn net new AUM.

• Investment Bank RoTE was 15.0%, with income up 4% YoY, strong performance in Equities, Advisory, and ECM.

• US Consumer Bank RoTE reached 18.8%, with income up 14% YoY and cost:income ratio at 39%.

Lending, deposits, and balance sheet

• UK lending grew 5% YoY, with £22bn of £30bn UK business growth RWAs deployed and strong net mortgage growth.

• Deposit base reached £588bn, up £2bn QoQ and £14bn YoY, with >80% of key relationships over 5 years.

• Structural hedge notional at £246bn, with >£1bn locked-in income and 95% of 2026-2028 income secured.