Standard Chartered (STAN) Q3 2026 earnings summary

Executive summary

• Q3 operating income rose 14% excluding notable items and PBT increased 29% at constant currency; EPS rose 55% to 68.9 cents and RoTE was 15.7%.

• Broad-based growth in Wealth Solutions, Global Markets, Global Banking and Transaction Services supported higher earnings and upgraded FY26 guidance.

Financial highlights

• Q3 operating income was $5.781bn, up 13% reported; PBT was $2.250bn, up 27% reported and 29% at constant currency.

• NII rose 9% at constant currency to $2.966bn; non-interest income rose 19% to $2.815bn, or 49% of income.

• Expenses were $3.411bn, up 9% at constant currency; credit impairment was $90m, versus $188m a year earlier.

• 9M operating income was $17.385bn, up 8% at constant currency excluding notable items; PBT was $7.034bn and attributable profit was $4.872bn, up 20% at constant currency.

• 9M EPS increased 27% to 220.6 cents; attributable profit to ordinary shareholders in Q3 was $1.504bn, up 49%.

Outlook and guidance

• FY26 income growth guidance was raised above the prior 5–7% range at constant currency, excluding notable items; 9M growth on this basis was 8%.

• FY26 RoTE guidance rose to ~14%; 9M RoTE was 17.0%.

• FY26 NII is expected to grow ~4% at constant currency, including a 2% WRB portfolio-actions headwind; similar Q4 trends and lower volume growth are expected.

• FY26 cost-to-income ratio is expected at ~60% excluding notable items; the 2028 target remains ~57%.

• Medium-term targets include 2025–28 income CAGR of 5–7%, 2028 RoTE above 15%, high-teens EPS CAGR to 2028 and a 30–35bps through-the-cycle loan-loss rate.