Barclays H1 2022 Results
Q222 Group highlights
Income
£6.7bn
Q221: £5.4bn
Costs
£5.0bn
Q221: £3.7bn
Cost: income
ratio
75%
Q221: 69%
Impairment
£0.2bn
Q221: £(0.8)bn
•
net release
PBT
£1.5bn
Q221: £2.5bn
EPS
6.4p
Q221: 11.9p
Income up 24% driven by strong performances across all operating businesses
Income excluding benefit from hedging arrangements up 10% YoY²
Costs up £1.3bn or 34% mainly driven by higher L&C charges of £1,334m, of which £1,149m relates to the
Over-issuance of Securities and £165m relates to settlements in principle in respect of industry-wide devices
investigations by SEC and CFTC
Operating costs (which exclude L&C) up 3%
Credit impairment charge of £0.2bn vs. credit impairment release of £(0.8)bn in Q221
Attributable profit of £1.1bn generated EPS of 6.4p and RoTE of 8.7%
CET1 ratio of 13.6% - down c.20bps from Mar-22 primarily driven by earnings, more than offset by FVOCI¹
moves, and RWA growth and investments
TNAV per share increased 3p QoQ primarily reflecting 6.4p of EPS, partially offset by net negative reserve
movements
Profit before tax bridge (Em)
ROTE
CET1 ratio
8.7%
13.6%
Q221: 17.6%
Mar-22: 13.8%
2,503
535
214
997
314
14
1,813
1,499
Liquidity
TNAV per
Coverage
Ratio
156%
Mar-22: 159%
share
297p
Mar-22: 294p
Q221
Income excl. Costs excl. Impairment
Over-issuance Over-issuance
of Securities of Securities²
Other net
income
Net impact of
Over-issuance
of Securities²
Q222
1 Fair Value through Other Comprehensive Income | 2 Please see slides 49-52 for details of the adjustments made in respect of the Over-issuance of Securities | Note: 2021 financial metrics have been restated to reflect the impact of Over-issuance of Securities. Please see slides
49-52 for details of the adjustments made in respect of the Over-issuance of Securities |
15 | Barclays H1 2022 Results | 28 July 2022
BARCLAYSView entire presentation