HSBC: first-half net profit at $15.3bn (+23 per cent), share buyback of up to $1bn

(Il Sole 24 Ore Radiocor) - HSBC Holdings has released its results for the first half of 2026. Net profit stood at $15.3 billion, up 23% (+$2.9 billion). Pre-tax profit rose to $19.5 billion, up 23 per cent (+$3.7 billion) compared with the first half of 2025. Revenue rose by 11% to $37.7 billion. The net interest margin increased by $1.4 billion, supported by growth in deposits and the benefit of structural exposure to higher yields, according to the group’s statement. Operating costs rose by 2% to $17.4 billion. The CET1 ratio stood at 14.1%, down 0.8 percentage points compared with the end of 2025, due to the privatisation of Hang Seng Bank and the dividends paid out. The Board of Directors has approved a second interim dividend of $0.10 per share. The bank also plans to launch a share buy-back programme of up to $1 billion, which it aims to complete by the time the third-quarter results are announced. For 2026, the group confirms its target of an average return on tangible equity of 17 per cent or higher and now expects a net interest income of at least $46 billion. “HSBC is becoming the strongest bank we set out to build. We are executing our strategic priorities with speed, precision and discipline,” commented Chief Executive Georges Elhedery.

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