NatWest Q3 Pre-tax Profit Rises 1.9% on Higher Net Interest Income; Shares Gain 5.3%

NatWest Group plc (NWG, NWG.L) reported Friday that third-quarter operating profit before tax rose 1.9% to 2.225 billion pounds from 2.183 billion pounds a year earlier, driven by higher net interest income. Shares rose about 5.3% to $17.90 in overnight NYSE trading after closing Thursday's regular session 1.33% lower. Total income grew 7.1% to 4.640 billion pounds from 4.332 billion pounds, as net interest income increased 8.9% to 3.559 billion pounds from 3.268 billion pounds. Profit attributable to ordinary shareholders fell 4.1% to 1.532 billion pounds from 1.598 billion pounds, with earnings per share of 19.1 pence versus 19.6 pence last year. The British banking and insurance holding company said it continues to expect risk-weighted assets of around 210 billion pounds on January 1, 2027, including the impact of Basel 3.1.