Barclays Plc · LSE:BARC
Barclays — Q3 2026 Earnings Presentation
56 slides from Barclays's earnings presentation, Oct 22, 2026
Slide 1: Q3 2026 Results Presentation
Q3 2026 Results Presentation 22nd October 2026
Slide 2: Group Q326 financial performance
Group Q326 financial performance Barclays Q3 2026 Results October 2026 2 Targets Q326 actuals Q326 YTD actuals 2026 targets 2028 targets Statutory RoTE 11.7% 13.8% >12% >14% £2.8bn Progressive increase >£15bn2 £0.5bn vs. 20252 With capacity to support Total payout Buyback: £0.5bn Dividend: £0.8bn in
Slide 3: On track for target delivery
On track for target delivery Barclays Q3 2026 Results October 2026 3 Group RoTE Q326 Q326 YTD Barclays UK 21.2% 20.4% FY26 target: >20% UK Corporate Bank 23.5% 21.6% FY26 target: high-teens% Private Bank & Wealth Management 23.8% 25.4% >14% FY26 target: >25% 12.4% >12% 11.3% Investment Bank 9.5% 13.
Slide 4: Growing stable income streams; on track for c.£31.5bn income FY26 target
Growing stable income streams; on track for c.£31.5bn income FY26 target Barclays Q3 2026 Results October 2026 4 Group income (£bn) +c.8% YoY c.31.5 >5% Group income CAGR target FY25-28 29.1 26.8 25.0 25.4 7.6 23.9 Income performance Q326 YoY (%) Q3YTD YoY (%) 21.9 7.0 6.3 Group +3% +8% 8.2 6.7 Othe
Slide 5: Group NII a longer term driver of income
Group NII a longer term driver of income Barclays Q3 2026 Results October 2026 5 (£bn) 14.5 2026 Group NII excluding IB and HO guidance: >£13.7bn 12.7 12.9 1.7 1.7 11.6 10.6 NII performance Q326 YoY (%) Q326 QoQ (%) 1.3 IB/HO Group +4% +0% 8.1 Group ex IB and HO +7% +4% >13.7 12.8 BUK +6% +4% NII 11
Slide 6: Quality UK deposit franchise across retail and corporate
Quality UK deposit franchise across retail and corporate Barclays Q3 2026 Results October 2026 6 Growing UK retail and corporate deposits Barclays UK retail deposit balances and mix (£bn) YoY (£bn) YoY 191 189 189 193 193 195 195 +3% Time 33 35 35 37 37 40 42 463 468 468 +3% 455 452 457 deposits 447
Slide 7: Underpinning structural hedge income growth until at least 2030
Underpinning structural hedge income growth until at least 2030 Barclays Q3 2026 Results October 2026 7 Continued structural hedge momentum Hedge notional (£bn) 14000 Q326 YTD: GBP 7yr average 12000 3.9% 4.2% 246 236 242 243 243 10000 1 swap 8000 rate 232 6000 Average 14000 hedge 4000 yield 2000 2 1
Slide 8: UK loan growth of 7% YoY; strength across mortgages and corporates
UK loan growth of 7% YoY; strength across mortgages and corporates Barclays Q3 2026 Results October 2026 8 Continued strong retail loan growth1 Momentum in Corporate and core Business Banking2 (£bn) YoY (£bn) YoY 58 +13% 56 +6% 55 203 208 53 199 200 50 51 190 192 195 10 -1% 50 11 +11% 10 10 10 11 10
Slide 9: 2026 Group cost exit run rate and 2027 expectation
2026 Group cost exit run rate and 2027 expectation Barclays Q3 2026 Results October 2026 9 Group total costs (£bn) Income c.£31.5bn CIR high-50s% c.£130m MRT1 £105m Motor Income £29.1bn Best Egg c.£300m additional SCAs CIR 61% Best Egg c.0.5 c.0.4 £235m Motor c.£50m VAT c.0.2 c.0.1 c.0.3 c.0.2 >(1.1
Slide 10: Structurally reducing the cost base to generate capacity for investment
Structurally reducing the cost base to generate capacity for investment Barclays Q3 2026 Results October 2026 10 (£bn) SCAs Gross Efficiency savings1 Positive operating jaws in every year2 1.0 1.0 >1.1 2023 +1% 0.8 0.7 0.7 0.6 2024 +7% 0.3 0.3 0.3 2025 +3% 2023 2024 2024 2025 2025 2026¹ 2026 2027¹ 2
Slide 11: Q326 LLR of 43bps; through the cycle guidance of 50-60bps
Q326 LLR of 43bps; through the cycle guidance of 50-60bps Barclays Q3 2026 Results October 2026 11 Loan loss rate (bps) Impairment charge (£m) 190 US Consumer Bank 562 558 555 5052 491 529 3792 340 456 276 411 395 140 Q324 Q325 Q326 Group Q326 YTD Group LLR: 55bps 90 6322 503 743 374 661 61 572 Q324
Slide 12: Barclays UK Q326 and Q326 YTD
Barclays UK Q326 and Q326 YTD Barclays Q3 2026 Results October 2026 12 Q326 Q326 YTD 21.2% £1.0bn 20.4% £2.7bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q325: 21.8% Q325: £1.0bn Q325 YTD: 19.6% Q325 YTD: £2.6bn £2.3bn £2.1bn £6.9bn £6.1bn Income Net Interest Income Income Net
Slide 13: Barclays UK delivered Q326 RoTE of 21.2%
Barclays UK delivered Q326 RoTE of 21.2% Barclays Q3 2026 Results October 2026 13 RoTE (%) Income by business (£m) YoY Total costs (£m) £110m of SCAs YoY 2,253 2,259 2,349 +4% 1,946 564 +3% Business 545 548 513 Banking 1,198 1,195 1,271 +6% 1,006 Retail 1,708 1,711 1,785 +5% 1,433 Banking Q324 Q325
Slide 14: UK Corporate Bank Q326 and Q326 YTD
UK Corporate Bank Q326 and Q326 YTD Barclays Q3 2026 Results October 2026 14 Q326 Q326 YTD 23.5% £0.3bn 21.6% £0.9bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q325: 22.8% Q325: £0.3bn Q325 YTD: 18.8% Q325 YTD: £0.7bn £0.6bn £0.3bn £1.7bn £0.8bn Income Costs Income Costs Q325:
Slide 15: UK Corporate Bank delivered Q326 RoTE of 23.5%
UK Corporate Bank delivered Q326 RoTE of 23.5% Barclays Q3 2026 Results October 2026 15 RoTE (%) Income by product (£m) YoY Income by type (£m) YoY 558 573 +10% 558 573 +10% 522 522 445 136 -2% 445 96 91 +1% 139 145 Corporate 90 lending 67 Non-NII 136 Transaction 432 462 482 +12% 383 413 437 +14% ba
Slide 16: Private Bank & Wealth Management Q326 and Q326 YTD
Private Bank & Wealth Management Q326 and Q326 YTD Barclays Q3 2026 Results October 2026 16 Q326 Q326 YTD 23.8% £0.1bn 25.4% £0.3bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q325: 26.4% Q325: £0.1bn Q325 YTD: 30.9% Q325 YTD: £0.3bn £0.4bn £0.3bn £1.1bn £0.8bn Income Costs Inc
Slide 17: Private Bank & Wealth Management delivered Q326 RoTE of 23.8%
Private Bank & Wealth Management delivered Q326 RoTE of 23.8% Barclays Q3 2026 Results October 2026 17 RoTE (%) Income by type (£m) YoY Total costs (£m) Expect costs to YoY build QoQ in 2026 366 369 +10% 326 335 150 146 +1% Non-NII 137 145 267 289 221 243 267 286 +18% 221 243 NII 189 190 216 223 +17
Slide 18: Investment Bank Q326 and Q326 YTD
Investment Bank Q326 and Q326 YTD Barclays Q3 2026 Results October 2026 18 Q326 Q326 YTD 9.5% £1.0bn 13.5% £4.3bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q325: 10.1% Q325: £0.9bn Q325 YTD: 12.9% Q325 YTD: £3.9bn £3.1bn £2.1bn £11.1bn £6.4bn Income Costs Income Costs Q325: £
Slide 19: Investment Bank delivered Q326 RoTE of 9.5%
Investment Bank delivered Q326 RoTE of 9.5% Barclays Q3 2026 Results October 2026 19 RoTE (%) Investment Bank income (£m) Driving efficiency of capital YoY Average 3,958 204 206 250.00 0.100 RWAs 202 195 3,083 3,129 +1% (£bn): 2,851 200.00 2,419 150.00 Other 1,713 1,697 1,715 +1% 0.050 income2 Incom
Slide 20: Income up 1% YoY; strong performance in Equities offsetting weaker FICC
Income up 1% YoY; strong performance in Equities offsetting weaker FICC Barclays Q3 2026 Results October 2026 20 Global Markets Investment Banking Investment Income by product (£m) Income by type (£m) Income (£m) Banking fees +2% USD YoY1 +4% YoY +4% YoY +4% USD +4% USD -3% YoY YoY 2,732 YoY YoY 2,7
Slide 21: US Consumer Bank Q326 and Q326 YTD
US Consumer Bank Q326 and Q326 YTD Barclays Q3 2026 Results October 2026 21 Q326 Q326 YTD 10.9% £0.1bn | $0.2bn 19.9%1 £0.7bn | $1.0bn RoTE Profit before tax RoTE Profit before tax Q325: 13.5% Q325: £0.2bn | $0.2bn Q325 YTD: 9.4% Q325 YTD: £0.3bn | $0.4bn $41.8bn £0.9bn | $1.2bn $41.8bn £3.0bn | $4.
Slide 22: US Consumer Bank delivered Q326 RoTE of 10.9%
US Consumer Bank delivered Q326 RoTE of 10.9% Barclays Q3 2026 Results October 2026 22 YoY RoTE (%) Income by type (£m) 30.22 1,136 -1% 941 928 -1% USD 791 4042 215 179 -17% Non-NII 144 -17% USD NII 647 726 732 749 +3% +3% USD Q324 Q325 Q226 Q326 NIM 10.4% 11.5% 13.2% 13.7% 13.5 End net receivables
Slide 23: Operational progress in building a multi-product US Consumer Bank
Operational progress in building a multi-product US Consumer Bank 23 Barclays Q3 2026 Results October 2026 Partnership cards franchise Digital-only deposit franchise Consumer lending platform Balance growth($bn)1 Sale of c.$6.5bn of AA Strong retail deposit growth ($bn) Strong originations through B
Slide 24: Capital generation supporting higher distributions
Capital generation supporting higher distributions Barclays Q3 2026 Results October 2026 24 Higher capital generation Supporting higher distributions2 Pillar 2A reduction of 59bps (bps)1 (£bn) >£15bn target 14.0% From 1 January 2027 Q326 YTD: 164bps At least £10bn target MDA 30-55bps 59bps (£10.7bn
Slide 25: Earnings growth compounding shareholder returns
Earnings growth compounding shareholder returns Barclays Q3 2026 Results October 2026 25 High-single digit revenue growth Positive cost jaws 9% 8% TNAV + DPS² 7% +32% 6% 4% 3% 2024 2025 2026 YTD 2024 2025 2026 YTD since Dec-23 | c.11% CAGR 423 436 363 331 Buybacks reducing share count Double digit E
Slide 26: Delivering on our 2026 targets
Delivering on our 2026 targets Barclays Q3 2026 Results October 2026 26 Group targets Target Divisional RoTEs Target Last 12 months RoTE 12.4% >12% On track Barclays UK >20% 21.3% last 12 months Distributions £9.5bn1 At least £10bn On track UK Corporate Bank High-teens 21.0% 2024 – Q326 YTD UK busin
Slide 27: UK retail growth from investments in customer service and product quality
UK retail growth from investments in customer service and product quality Barclays Q3 2026 Results October 2026 27 Building products to serve a range of customers A high quality experience driving above market growth 70 10.4% 2026 +11% Q326 c.20% of card acquisitions growth from c.£2bn to c.£6bn Bar
Slide 28: Largest integrated UK corporate franchise driving above market growth
Largest integrated UK corporate franchise driving above market growth 28 Barclays Q3 2026 Results October 2026 Largest UK corporate deposit franchise1 Advanced, full-service capability to UK businesses (£bn) 220 c.70% of Barclays UK: FTSE 350 FTSE 100 The only UK Investment Bank Business Banking Inv
Slide 29: Structurally stronger and more diversified Investment Bank
Structurally stronger and more diversified Investment Bank Barclays Q3 2026 Results October 2026 29 Driving capital productivity By deepening relationships with most profitable clients Income / Average RWAs (%) Top 5 rank with Top 100 Global Markets Clients1 Global Markets Investment Banking Investm
Slide 30: Why Barclays
Why Barclays Barclays Q3 2026 Results October 2026 30 1 Serving >40 million UK and US retail customers; The ‘Premier’ UK bank and digital-only multi-product US bank 2 Largest UK corporate bank by deposits, serving the full continuum of corporates, with differentiated capacity to drive loan growth 3
Slide 31: Q&A
Q&A
Slide 32: Appendix
Appendix
Slide 33: Divisional statutory RoTE and RWA mix since 2023
Divisional statutory RoTE and RWA mix since 2023 Barclays Q3 2026 Results October 2026 33 Statutory RoTE 2023 2025 2026 2028 Q3 2026 YTD vs. 2023 19% 21% >20% >20% £28bn of c.£30bn UK business Barclays UK growth RWAs Improving mix 21% 19% High- >20% 30% 34% UK Corporate Bank teens % Private Bank & W
Slide 34: Divisional cost: income ratios and targets to 2028
Divisional cost: income ratios and targets to 2028 Barclays Q3 2026 Results October 2026 34 Cost: income ratio 20231 2024 2025 2026 2028 56% 52%2 56% Low-50s% Mid-40s% Barclays UK 50% 55% 51% High-40s% Low-40s% UK Corporate Bank 64% 70%3 73% Mid-70s% High-60s% Private Bank & Wealth Management 69% 67
Slide 35: UK economic trends
UK economic trends Barclays Q3 2026 Results October 2026 35 Constructive macro backdrop in the UK1 UK corporate debt-to-GDP at a multi-decade low2 US UK Eurozone 100% Nominal GDP 90% Real GDP 80% Real wage growth 70% House Price Index 60% 50% Unemployment rate 40% -1% 0%5% 1% 2% 3% 4% 6% 7% 1995 200
Slide 36: Group deposits +4% YoY in Q326
Group deposits +4% YoY in Q326 Barclays Q3 2026 Results October 2026 36 Group deposit base £599bn, +1% QoQ, +12% since 2023 586 588 594 599 565 575 Corporates & SME QoQ YoY Since FY23 Investment Bank £166bn +3% +9% +25% 297 296 303 305 of which: International Corporate Bank1 £128bn +7% +15% +48% 286
Slide 37: Barclays UK deposit balances and mix since 2019
Barclays UK deposit balances and mix since 2019 Barclays Q3 2026 Results October 2026 37 £bn 197 201 203 206 208 226 232 241 248 256 257 261 260 262 261 258 254 250 243 241 237 237 236 244 243 241 242 245 244 246 246 64 64 64 64 62 64 64 60 61 59 53 52 52 51 51 51 57 56 52 52 61 54 54 53 59 56 5 6 6
Slide 38: Group RWAs +£5.0bn in Q326
Group RWAs +£5.0bn in Q326 Barclays Q3 2026 Results October 2026 38 Risk weighted assets (£bn) IB % of Group: 57% 56% 56% 56% 1.6 0.9 0.1 1.9 0.0 0.4 357.4 364.8 369.8 340.4 Q324 Q325 Q226 Barclays UK UK Corporate Private Bank Investment US Consumer Head Office Q326 Bank & Wealth Bank Bank Managemen
Slide 39: Guidance on regulatory driven RWA inflation
Guidance on regulatory driven RWA inflation Barclays Q3 2026 Results October 2026 39 c.£19-26bn total expected RWA impact • FRTB1 impact mostly expected in 2027. Expect to use option to defer elements of FRTB to 2028 Basel 3.1: 1st January 2027 • 59bps offset in CET1 Pillar 2A on 1st January 2027 c.
Slide 40: CET1 ratio in relation to our minimum requirements
CET1 ratio in relation to our minimum requirements Barclays Q3 2026 Results October 2026 40 Q326: CET1 minimum requirements MDA 12.2% 11.6% CCyB 1.0% 1.0% CCB 2.5% 2.5% • Have been operating around the top end of our 13-14% CET1 target range G-SII 1.5% 1.5% • Pillar 2A requirement to reduce by 59bps
Slide 41: CET1 ratio of 14.2% (14.0% pro-forma) in Q326
CET1 ratio of 14.2% (14.0% pro-forma) in Q326 Barclays Q3 2026 Results October 2026 41 Q326 CET1 ratio movements (%) (14bps) 45bps (20bps) (27bps) (0bps) (14bps) Q326 YTD: 164bps capital generation 14.3% 14.1% 14.2% 14.0% Q226 Q226 announced Pro-forma Attributable Dividend RWA Other Q326 Q326 announ
Slide 42: Global Markets: VaR and daily income distribution
Global Markets: VaR and daily income distribution Barclays Q3 2026 Results October 2026 42 VaR Daily income distribution Average Q3 YTD: 2021-25 Q326 YTD2 £60m Russia/ US banking Ukraine crisis £40m <£0m £0-15m £16-30m £31-50m £50m+ Daily trading gains Average Q3 YTD: 2 34 81 56 17 and losses 2021 –
Slide 43: Investment Bank: growing stable income streams, seasonal intermediation
Investment Bank: growing stable income streams, seasonal intermediation Barclays Q3 2026 Results October 2026 43 Intermediation: 67% average reduction Q1-Q4 Intermediation: 52% average reduction Q1-Q4 Total income: 38% average reduction Q1-Q4 Total income: 25% average reduction Q1-Q4 1,826 1,805 1,6
Slide 44: Coverage ratio and delinquency trends across our credit card portfolios
Coverage ratio and delinquency trends across our credit card portfolios Barclays Q3 2026 Results October 2026 44 UK cards1 US cards2 16.0 17.0 23.8 24.1 22.9 25.0 21.3 Net L&A3 (£bn) 10.7 10.6 Net L&A3 (£bn) 15.6 15.2 8.6 9.0 9.6 16.4% 14.2% 11.5% 9.7% 10.4% 9.8% 11.0% Total coverage 6.3% 5.6% 4.8%
Slide 45: US Cards credit trends: broadly stable QoQ
US Cards credit trends: broadly stable QoQ Barclays Q3 2026 Results October 2026 45 30 day US cards delinquencies 3.0% 3.0% 3.0% 2.8% 2.9% 3.0% 3.1% 2.9% 2.9% 90 day US cards delinquencies 1.6% 1.6% 1.6% 1.6% 1.5% 1.6% 1.7% 1.6% 1.5% USCB loan loss rate1 (bps) 411 395 562 456 5055 558 491 555 529 US
Slide 46: Credit quality metrics for our US Cards book
Credit quality metrics for our US Cards book Barclays Q3 2026 Results October 2026 46 US consumer indebtedness lower versus historic levels1 Our book is positioned in the super-prime segment 2008 crisis Pandemic 790 10% 25% Super-prime 740 8% 20% Q326 USCB Prime average 690 6% 15% FICO: 7552 Near Pr
Slide 47: Balance sheet provisions and credit impairment charges
Balance sheet provisions and credit impairment charges Barclays Q3 2026 Results October 2026 47 Balance sheet provisions for ECL (£bn) Credit impairment charges (£m) 571 6.0 5.8 Off-balance sheet 0.4 0.4 503 160 123 Barclays UK 16 2 UK Corporate Bank On-balance sheet 44 5.5 5.4 33 Investment Bank 34
Slide 48: Mortgage portfolio mix and Kensington capabilities
Mortgage portfolio mix and Kensington capabilities Barclays Q3 2026 Results October 2026 48 Mortgage portfolio Kensington adding capabilities to Barclays UK • 56.9% average balance weighted LTV of mortgage stock Ability to lend to high-yield, low risk customers with complex incomes o 43.1% average v
Slide 49: Structured financing exposure to NBFIs
Structured financing exposure to NBFIs Barclays Q3 2026 Results October 2026 49 Securitised Products Q226: £65bn1 • Warehouse solutions, often with intention to distribute o Skew towards top tier counterparties with high frequency reporting of collateral performance o Senior attachment points: c.80%
Slide 50: Risk transfer transactions
Risk transfer transactions Barclays Q3 2026 Results October 2026 50 Q226: £64bn1 risk transferred • Outright sale of assets Cash • Assets either derecognised from balance sheet or remain on balance sheet with capital relief achieved £6bn structures through compliance with Significant Risk Transfer r
Slide 51: Funding and liquidity metrics
Funding and liquidity metrics Barclays Q3 2026 Results October 2026 51 70% of Liquidity Pool held in cash Average LCR (%)1 156 161 172 170 157 HTC £32bn 9% FY22 FY23 FY24 FY25 Q326 FVOCI £78bn 21% Liquidity Pool £372bn Cash Average NSFR (%)2 137 138 135 135 136 £262bn FY22 FY23 FY24 FY25 Q326 • Liqu
Slide 52: Tangible book value per share +18p year on year (+5%)
Tangible book value per share +18p year on year (+5%) Barclays Q3 2026 Results October 2026 52 YoY TNAV movements (pence per share) 50 (3) (11) (19) 1 392 410 Q325 Attributable profit¹ Share buyback Dividends paid Cash flow Other² Q326 hedge reserve QoQ TNAV movement (pence per share) 25bps movement
Slide 53: Additional appendix slide
Additional appendix slide Barclays Q3 2026 Results October 2026 53 Barclays UK: Income by business (£m) 2023 2024 2025 2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Retail Banking 1,500 1,481 1,403 1,309 1,357 1,402 1,433 2,0782 1,573 1,599 1,708 1,702 1,725 1,711 1,785 Of which: UK Cards1 247 2
Slide 54: Macroeconomic variables
Macroeconomic variables Barclays Q3 2026 Results October 2026 54 Assumptions 20252 2026 2027 2028 UK GDP3 1.4% 1.3% 1.5% 1.4% UK unemployment4 5.1% 4.8% 4.8% 4.8% UK bank rate5 3.75% 3.50% 3.75% 3.75% Hedge reinvestment rate 3.8%6 3.5% 3.5% 3.5% UK inflation7 3.4% 2.5% 2.2% 2.2% Plan (10th February
Slide 55: Disclaimer
Disclaimer Barclays Q3 2026 Results October 2026 55 Important Notice The terms “Barclays” and “Group” refer to Barclays PLC together with its subsidiaries. The information, statements and opinions contained in this presentation do not constitute a public offer, an offer to sell or solicitation of an
Slide 56: Contact details, upcoming events and useful presentations
Contact details, upcoming events and useful presentations Investor Relations Upcoming events [email protected] 9th February 2027 FY26 results and targets update 27th April 2027 Q127 results Useful presentations Progress Update 2025 Link Private Bank and Wealth Management deep dive Link Invest