IBN

HSBC Holdings HSBC reported second-quarter 2026 pre-tax profit of $10.1 billion, which increased 60.4% from the prior-year quarter, primarily reflecting a net favorable impact from notable items of $2.6 billion.Results were aided by an improvement in revenues and a decline in expenses. A fall in expected credit losses and other credit impairment charges (ECL) also supported the results to an extent. Total revenues were $19.12 billion, up 16.1% year over year. The rise was driven by higher net interest income, net fee income and other operating income.Total operating expenses declined 2.4% year over year to $8.71 billion. The decline reflected lower restructuring costs together with the resultant cost reduction benefits from the organizational simplification, and the phasing of performance-related pay accrual relative to second-quarter 2025. These reductions were partly offset by higher planned spend and investment in technology, the impact of inflation and an adverse impact from foreign currency translation differences of $0.1 billion.In the quarter under review, ECL was $1.05 billion, down 1.2% from the prior-year quarter. The charge in the reported quarter primarily comprised stage 3 charges, including $0.2 billion related to the Hong Kong CRE sector.The common equity tier 1 (CET1) ratio, as of June 30, 2026, was 14.1%, down from 14.9% as of Dec. 31, 2025. The leverage ratio was 4.9%, down from 5.3% as of Dec. 31, 2025. The Hong Kong Business: The segment reported $2.55 billion in pre-tax profit, up 24% from the year-ago period. The rise was driven by higher revenues and lower ECL.The UK Business: The segment reported a pre-tax profit of $1.69 billion, up 2.8% from the year-ago quarter. A rise in revenues and lower expenses resulted in the increase.Corporate and Institutional Banking: Pre-tax profit was $3.91 billion, which increased 30.2% year over year. The rise was driven by higher revenues and lower expenses.International Wealth and Premier Banking: Pre-tax profit was $1.39 billion, which increased 53.2% year over year. The rise was driven by higher revenues and lower ECL.Corporate Centre: The segment reported a pre-tax profit of $612 million against a pre-tax loss of $1.28 billion in the year-ago quarter. The company’s board of directors approved a second interim dividend of 10 cents per share. Also, HSBC intends to initiate a share buyback of up to $1 billion, which is expected to be completed by the third-quarter 2026 result announcement. For 2026, management expects banking net interest income (NII) of at least $46 billion.ECL charges as a percentage of average gross loans are expected to be 45bps in 2026 (including held-for-sale loan balances). Over the medium term, the company plans to retain 30-40bps.The company projects growth in target basis operating expenses of 1% for 2026 from that reported in 2025.Management expects growth in revenues from 2026 to 2028, rising to 5% growth in 2028 from 2027.HSBC expects a return on average tangible equity of 17% or better for 2026, 2027 and 2028, excluding notable items.The company intends to manage the CET1 ratio within its medium-term target of 14-14.5%.The dividend payout ratio on a target basis is expected to be 50% in 2026, 2027 and 2028, excluding material notable items and related impacts. HSBC’s strong capital position, a global network and business-simplification initiatives are expected to support its financials. As part of its focus on optimizing returns, the company is divesting operations in underperforming regions and has exited retail banking across multiple markets. These moves position it for improved operating efficiency. HSBC Holdings plc price-consensus-eps-surprise-chart | HSBC Holdings plc Quote Currently, HSBC carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Barclays BCS reported second-quarter 2026 net income attributable to ordinary equity holders of £2.26 billion ($3.03 billion), up 36% from the prior-year quarter.An increase in revenues and a strong balance sheet supported BCS’ results. However, the company recorded higher operating expenses in the quarter, which, along with an increase in credit impairment charges, hurt the results to some extent.ICICI Bank Ltd.’s IBN profit after tax for first-quarter fiscal 2027 (ended June 30, 2026) was INR148.05 billion ($1.56 billion), up 16% from the prior-year quarter.IBN’s results were aided by growth in net interest income and non-interest income. A decline in provisions was a tailwind. However, higher operating expenses hurt the results to some extent. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HSBC Holdings plc (HSBC) : Free Stock Analysis Report Barclays PLC (BCS) : Free Stock Analysis Report ICICI Bank Limited (IBN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

UBS Group AG UBS reported a second-quarter 2026 net profit attributable to shareholders of $2.80 billion compared with $2.39 billion in the prior-year quarter. Results were driven by strong performances in the Global Wealth Management, Personal & Corporate Banking, Asset Management and Investment Bank divisions. An increase in total assets and invested assets was also encouraging. However, higher operating expenses acted as a headwind. The company’s second-quarter total revenues increased 13.1% year over year to $13.70 billion. Operating expenses rose 2.4% year over year to $9.99 billion. UBS Group reported total credit loss expenses of $121 million, which declined 25.8% from the year-ago quarter. Global Wealth Management’s operating profit before tax was $1.88 billion, up 56.4% from $1.20 billion in the year-ago quarter. Asset Management’s operating profit before tax was $214 million, up 39.9% from $153 million in the year-ago quarter. Personal & Corporate Banking reported operating profit before tax of $857 million, up 23.3% from $695 million in the year-ago quarter. The Investment Bank unit reported an operating profit before tax of $1.15 billion, up from $557 million in the year-ago quarter. Non-Core & Legacy incurred an operating loss before tax of $203 million in the reported quarter compared with a loss of $250 million in the year-ago quarter. Group Items reported an operating loss before tax of $307 million compared with a loss of $167 million in the year-ago quarter. Total assets rose 1.2% from the previous quarter’s end to $1.71 trillion. UBS’s return on Common Equity Tier 1 (CET1) capital was 15.4% as of June 30, 2026, compared with 13.5% as of June 30, 2025. Risk-weighted assets declined slightly year over year to $503.9 billion. CET1 capital declined marginally year over year to $72.5 billion. As of June 30, 2026, UBS's invested assets were $7.3 trillion, up 10.7% year over year. In the second quarter of 2026, UBS repurchased $1.9 billion worth of shares under its 2026 share repurchase program. The company completed its latest share buyback program and is continuing with another $3 billion program to be completed by the end of the second quarter of 2027 at the latest. UBS plans to repurchase at least $1 billion worth of shares over the next three months. The amount and pace of repurchases will depend on the company’s short-term financial performance and outlook, its ability to maintain a CET1 capital ratio of around 14% and further visibility on the Swiss Parliament’s deliberations regarding the capitalization of foreign subsidiaries. Following the completion of the global migration of former Credit Suisse client accounts onto UBS infrastructure in March 2026, the company entered the final phase of the integration, primarily involving the decommissioning of legacy IT infrastructure. As of June 30, 2026, more than 90% of the legacy Credit Suisse IT applications within the scope of decommissioning were no longer in use, while around 70% had been fully decommissioned. The company remains on track to substantially complete the integration by the end of 2026. In the second quarter of 2026, UBS realized an additional $1.1 billion in gross cost savings. Cumulative gross cost savings reached $12.6 billion at the end of the quarter compared with the combined 2022 cost base of UBS and Credit Suisse. The company continues to target approximately $13.5 billion in annualized exit rate gross cost savings by the end of 2026. Cumulative integration-related expenses totaled $14.2 billion at the end of June 2026, and UBS expects these expenses to reach around $15 billion by the end of the year, assuming constant foreign-exchange rates. As of June 30, 2026, the Non-core and Legacy division had delivered a 68% reduction in risk-weighted assets (RWA) since the second quarter of 2023. UBS had also reduced credit and market RWA to $4 billion, in line with its year-end 2026 ambition. Additionally, the company achieved an 88% reduction in underlying operating expenses, excluding litigation compared with the 2022 baseline. UBS delivered strong second-quarter and first-half 2026 financial performance, supported by robust client momentum across its businesses. The company maintained a solid capital position and continued to invest in its franchise, technology, global capabilities and talent. UBS also continued to make steady progress in integrating Credit Suisse. The planned completion of the integration by the end of 2026, along with its strong capital position, is likely to support the company’s financial performance going forward. UBS Group AG price-consensus-eps-surprise-chart | UBS Group AG Quote Currently, UBS carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Barclays BCS reported second-quarter 2026 net income attributable to ordinary equity holders of £2.26 billion ($3.03 billion), up 36% from the prior-year quarter. An increase in revenues and a strong balance sheet supported the BCS’s results. However, the company recorded higher operating expenses in the quarter, which, along with an increase in credit impairment charges, hurt the results to some extent. ICICI Bank Ltd.’s IBN profit after tax for first-quarter fiscal 2027 (ended June 30, 2026) was INR148.05 billion ($1.56 billion), up 16% from the prior-year quarter. IBN’s results were aided by growth in net interest income and non-interest income. A decline in provisions was a tailwind. However, higher operating expenses hurt the results to some extent. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UBS Group AG (UBS) : Free Stock Analysis Report Barclays PLC (BCS) : Free Stock Analysis Report ICICI Bank Limited (IBN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Barclays BCS reported second-quarter 2026 net income attributable to ordinary equity holders of £2.26 billion ($3.03 billion), up 36% from the prior-year quarter.An increase in revenues and a strong balance sheet supported the results. However, the company recorded higher operating expenses in the quarter, which, along with an increase in credit impairment charges, hurt the results to some extent. Total income was £8.34 billion ($11.19 billion), up 16% year over year.Operating expenses (excluding litigation and conduct costs, and U.K. regulatory levies) of £4.51 billion ($6.05 billion) increased 9% year over year.The cost-to-income ratio was 54%, down from 59% in the year-ago period.Barclays recorded credit impairment charges of £571 million ($766 million), up 22% year over year.Pre-tax income was £3.25 billion ($4.36 billion), up 31% from the prior-year quarter. Total assets, as of June 30, 2026, were £1,730.4 billion ($2,291.4 billion), up 12% from the Dec. 31, 2025, level.Total risk-weighted assets increased 2% from the Dec. 31, 2025, level to £364.8 billion ($483.1 billion) as of June 30, 2026.As of June 30, 2026, the Common Equity Tier 1 (CET1) ratio was 14.3% compared with 14% as of June 30, 2025. The company projects total income of £31.5 billion.NII (excluding Barclays Investment Bank and Head Office) is expected to be more than £13.7 billion. Of this, Barclays U.K. is projected to generate NII of £8.1-£8.3 billion.The cost-to-income ratio is anticipated to be in the high-50s in percentage terms.The loan loss rate is projected to be at the high end of 50-60 basis points through the cycle.The CET1 ratio is expected to be 13-14%, and return on tangible equity (RoTE) is estimated to be more than 12%.Barclays Investment Bank RWAs are expected to be in the mid-50s percentage of Group RWAs. The impacts of regulatory change on RWAs will be in line with the company’s prior guidance of £19-£26 billion.In terms of capital returns, Barclays plans to return at least £10 billion between 2024 and 2026 through dividends and share buybacks, with a continued preference for buybacks. The company also expects a progressive increase in total capital returns compared with 2025, including planned £2 billion in dividends for 2026. The company expects total income to witness a compound annual growth rate (CAGR) of more than 5% between 2025 and 2028.The cost-to-income ratio is anticipated to be in the low 50s in percentage terms. This includes gross efficiency savings of more than £2 billion during 2026-2028.Management expects the loan loss rate to be 50-60 basis points through the cycle.The CET1 ratio is expected to be 13-14%, and RoTE is estimated to be more than 14%.Barclays Investment Bank RWAs are expected to be 50% of the Group RWAs.In terms of capital returns, Barclays plans to return more than £15 billion of capital to its shareholders between 2026 and 2028 through dividends and share buybacks, providing capacity for additional investment and growth beyond the current plan. In June, BCS agreed to acquire GoHenry’s U.K. business from Acorns, which will strengthen its presence in youth banking.In May, Barclays’ U.S. consumer banking arm, Barclays Bank Delaware, acquired Best Egg, a leading U.S. digital personal loan platform, for $800 million. The deal will strengthen its U.S. consumer finance capabilities and broaden its unsecured lending portfolio.Given Barclays’ restructuring and business-simplification efforts, its operating efficiency is expected to improve in the quarters ahead. The company’s cost-saving efforts will likely keep aiding financials. However, uncertainties around capital markets performance remain concerning. Barclays PLC price-consensus-eps-surprise-chart | Barclays PLC Quote Currently, Barclays carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. ICICI Bank Ltd.’s IBN profit after tax for first-quarter fiscal 2027 (ended June 30, 2026) was INR148.05 billion ($1.56 billion), up 16% from the prior-year quarter.IBN’s results were aided by growth in net interest income and non-interest income. A decline in provisions was a tailwind. However, higher operating expenses hurt the results to some extent.UBS Group AG UBS is scheduled to report quarterly results on July 31.The Zacks Consensus Estimate for UBS’ quarterly earnings has been unchanged at 90 cents per share over the past seven days. The figure implies a 25% rise from the prior-year quarter’s reported number. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barclays PLC (BCS) : Free Stock Analysis Report UBS Group AG (UBS) : Free Stock Analysis Report ICICI Bank Limited (IBN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Release Date: July 18, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ICICI Bank Ltd (NYSE:IBN) reported a 20.9% year-on-year growth in profit before tax, excluding treasury, reaching Rs.189.75 billion. The core operating profit increased by 15.6% year-on-year to Rs.202.35 billion. Total deposits grew by 14% year-on-year, indicating strong customer trust and financial stability. The retail loan portfolio grew by 12% year-on-year, showcasing robust demand in the retail segment. The bank's capital position remains strong with a CET1 ratio of 16.19% and a total capital adequacy ratio of 16.84%. The net NPA ratio slightly increased to 0.35% from 0.33% in the previous quarter. The credit card portfolio declined by 1.9% year-on-year, indicating challenges in this segment. There were net additions of Rs.27.07 billion to gross NPAs, highlighting ongoing asset quality issues. The profit after tax of ICICI General decreased to Rs.4.03 billion from Rs.7.47 billion in the previous year. The bank's operating expenses increased by 10.4% year-on-year, which could impact profitability. Warning! GuruFocus has detected 4 Warning Sign with IBN. Is IBN fairly valued? Test your thesis with our free DCF calculator. Q: Given the strong loan growth in a seasonally weak quarter, do you expect to sustain high-teen loan growth throughout the year? Also, could you comment on the aggressive growth in foreign loans this quarter? A: The loan growth reflects positive momentum from policy measures and high-frequency indicators. We will continue to explore opportunities as they arise. Regarding foreign loans, growth is driven by increased trade-related activities and borrowing by overseas operations of Indian companies. We expect this momentum to continue. Q: Despite reversals on Agri, overall yields have held steady. Were there any offsetting recoveries during the quarter? A: The stable yields are due to our disciplined approach to deposit and loan pricing, as well as management of the government securities book. There is always some level of collection each quarter, and interest on income tax refunds also contributed to the stability. Q: Fee income has accelerated significantly. What is driving this growth, and should we expect it to align with overall balance sheet growth going forward? A: The growth in fee income is partly due to a base effect from last year and reflects underlying business momentum across all segments. We will continue to focus on fee income as business volumes grow. Q: Could you discuss the potential impact on margins and profitability from FCNR deposits raised via self-leverage versus tie-ups with foreign banks? A: The process has just started, and it will involve a combination of unleveraged deposits and those with leverage. There may be some impact on NIM, but from an earnings perspective, it is positive. Q: With strong loan growth, particularly in business banking, is this the right time to accelerate given macroeconomic uncertainties like the energy shock and El Nino? A: We are monitoring the portfolio closely and factoring in macroeconomic conditions into our customer selection. We feel comfortable with the portfolio's stability and are open to growth opportunities. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

ICICI Bank Ltd.’s IBN profit after tax for first-quarter fiscal 2027 (ended June 30) was INR148.05 billion ($1.56 billion), up 16% from the prior-year quarter.Results were aided by growth in net interest income (NII) and non-interest income. A decline in provisions was a tailwind. However, higher operating expenses hurt the results to some extent. NII grew 12.7% year over year to INR243.84 billion ($2.58 billion). The net interest margin was 4.36%, up 2 basis points.Non-interest income (excluding treasury) was INR84.25 billion ($890.43 million), growing 16% year over year. Fee income increased 23.5% to INR72.86 billion ($770.05 million).In the reported quarter, IBN recorded treasury income of INR1.51 billion ($15.96 million), down 87.8% from the prior-year quarter.Operating expenses were INR125.74 billion ($1.33 billion), up 10.4% year over year. As of June 30, 2026, ICICI Bank’s total advances were INR16,312.60 billion ($172.34 billion), up 5% sequentially. Growth was driven by a rise in retail loans, rural loans, business banking loans, and domestic corporate and other loans.Total deposits were INR18,335.86 billion ($193.71 billion), up 2.2% from the previous quarter. As of June 30, 2026, the net non-performing assets (NPA) ratio was 0.35%, which declined from 0.41% as of June 30, 2025. Recoveries and upgrades (excluding write-offs and sales) of NPAs were INR28.45 billion ($300.69 million) in the reported quarter.In the reported quarter, there were net additions of INR27.07 billion ($286.10 million) to gross NPA. Gross NPA additions were INR55.52 billion ($586.79 million), while gross NPA written off was INR16.73 billion ($176.82 million).Provisions (excluding provision for tax) were INR12.60 billion ($133.17 million), down 30.6% from the prior-year quarter. In compliance with the Reserve Bank of India's guidelines on Basel III norms, ICICI Bank's total capital adequacy was 16.84%. The Common Equity Tier 1 ratio was 16.19% as of June 30, 2026. Mounting expenses due to ICICI Bank’s initiatives to digitize banking operations are expected to weigh on profitability in the coming quarters. Additionally, weak credit quality remains a near-term headwind. However, robust loan demand, efforts to digitize operations for bolstering fee income and decent economic growth are expected to offer some support. ICICI Bank Limited price-consensus-eps-surprise-chart | ICICI Bank Limited Quote ICICI Bank currently carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Barclays BCS is scheduled to announce quarterly results on July 28.The consensus estimate for BCS’ quarterly earnings has been unchanged at 89 cents per share over the past week. The figure implies an increase of 43.6% from the prior-year quarter’s actual.UBS Group AG UBS is scheduled to report quarterly results on July 31.The Zacks Consensus Estimate for UBS’ quarterly earnings has been unchanged at 90 cents per share over the past seven days. The figure implies a 25% rise from the prior-year quarter’s reported number. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ICICI Bank Limited (IBN) : Free Stock Analysis Report Barclays PLC (BCS) : Free Stock Analysis Report UBS Group AG (UBS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in ICICI Bank Limited? Here are five stocks we like better. ICICI Bank posted strong Q1 fiscal 2027 results, with profit after tax up 15.9% year over year and profit before tax excluding treasury rising 20.9%, supported by broad-based loan growth, stable margins and healthy deposit expansion. Loan growth was especially robust across multiple segments, with overall loans up 19.6% year over year, driven by rural, business banking and corporate lending, while deposits increased 14% and capital and liquidity remained strong. Asset quality stayed steady, with the net NPA ratio at 0.35% and provisions lower than a year ago, while fee income also surged 23.5%, helping offset a smaller treasury gain and higher operating expenses. 5 NYSE-Listed Emerging Market Stocks For Income Investors ICICI Bank (NYSE:IBN) reported higher first-quarter earnings for fiscal 2027, with management citing broad-based loan growth, stable margins, healthy deposit expansion and continued asset-quality discipline. Sandeep Bakhshi, managing director and chief executive officer, said the bank’s strategic focus remains on growing profit before tax excluding treasury through a “360-degree customer-centric approach” across ecosystems and micro markets. Profit before tax excluding treasury rose 20.9% year over year to INR 189.75 billion in the quarter, while core operating profit increased 15.6% to INR 202.35 billion. Profit after tax grew 15.9% year over year to INR 148.05 billion. → Cintas Keeps Beating Expectations—And the Story Isn’t Over Great India Stocks to Buy Now “Looking ahead, we see many opportunities to drive risk-calibrated profitable growth and grow market share across key segments,” Bakhshi said. He added that the bank remains focused on maintaining “a strong balance sheet, prudent provisioning, and healthy levels of capital” while delivering sustainable returns. The bank’s overall loan portfolio, including international branches, grew 19.6% year over year and 5% sequentially as of June 30, 2026. Domestic loans increased 18.8% from a year earlier and 4.6% from the previous quarter. → Sandisk: What the Chart Is Trying to Tell Us Bakhshi said the retail loan portfolio grew 12% year over year and 2.7% sequentially, while the rural portfolio, including gold loans, rose 35.4% year over year and 6.2% sequentially. Business banking loans increased 28.2% year over year and 6.9% sequentially, and the domestic corporate portfolio grew 18.5% year over year and 6.9% sequentially. Anindya Banerjee, group chief financial officer, provided additional detail on retail products. Mortgages grew 14.6% year over year, personal loans rose 12.9%, and commercial vehicle and equipment loans increased 12.8%. Auto loans grew 3.6%, while the credit card portfolio declined 1.9% year over year and 1.7% sequentially. → MarketBeat Week in Review – 07/13- 07/17 During the question-and-answer session, Banerjee said loan growth reflected stronger systemwide momentum over the past several quarters as policy measures took effect. “The momentum continues to be pretty good as far as we can see it,” he said, while noting that the bank would continue evaluating opportunities as they arise. On corporate loan growth, Banerjee said part of the increase came from a shift away from bond-market funding, as well as working capital utilization and corporates maintaining liquidity buffers. He said the bank saw “a healthy pipeline at reasonable rates” during the quarter. Total deposits grew 14% year over year and 2.2% sequentially as of June 30, 2026. Average deposits rose 14% year over year and 6.1% sequentially, while average current and savings account deposits increased 12.1% year over year and 4.7% sequentially. The bank’s average liquidity coverage ratio for the quarter was about 124%. ICICI Bank’s capital position also remained strong, with a common equity tier 1 ratio of 16.19% and a total capital adequacy ratio of 16.84% at quarter-end. Asked about foreign currency non-resident deposits, or FCNR, Banerjee said the bank had not set a public target and that the program was in early stages. He said the all-in cost after hedging could be around 6.30% to 6.40%, which he described as competitive compared with wholesale lending rates. He also said the program could support incremental overseas loan growth as funds are deployed. Net interest income rose 12.7% year over year and 6.1% sequentially to INR 243.84 billion. Net interest margin was 4.36%, compared with 4.32% in the previous quarter and 4.34% in the year-earlier quarter. Banerjee said the cost of deposits was 4.41%, down from 4.85% in the year-earlier quarter. Excluding the benefit of interest on income tax refunds, the net interest margin would have been 4.28%, compared with 4.27% in both the previous quarter and the year-earlier quarter. In response to analyst questions, Banerjee said the margin performance reflected the bank’s funding franchise, disciplined approach to deposit and loan pricing, and management of its government securities book. He said margins should remain range-bound under current conditions, assuming no major policy rate movements, though he noted that FCNR-related activity could have some impact over time. The net non-performing asset ratio was 0.35% as of June 30, 2026, compared with 0.33% at March 31, 2026, and 0.41% a year earlier. Gross NPA additions were INR 55.52 billion in the quarter, down from INR 62.45 billion in the first quarter of the prior year. Net additions to gross NPAs were INR 27.07 billion, compared with INR 30.34 billion a year earlier. Banerjee said gross NPA additions from the retail and rural portfolios totaled INR 43.31 billion, including INR 7.06 billion from the Kisan Credit Card portfolio. He said the bank typically sees higher NPA additions from that portfolio in the first and third quarters of a fiscal year. Total provisions were INR 12.60 billion, equivalent to 6.2% of core operating profit and 0.32% of average advances. That compared with INR 18.15 billion in the year-earlier quarter. The provisioning coverage ratio on non-performing loans was 74.7% at June 30, 2026, and the bank continued to hold contingency provisions of INR 131 billion, or about 0.8% of total advances. Banerjee said that, adjusting for chunky recoveries, credit costs would be around 50 basis points on a more normalized basis. He also said the bank continues remediation work on an agricultural priority sector portfolio provision directed by the Reserve Bank of India, but did not provide a timeline for any potential writeback. Non-interest income excluding treasury grew 16% year over year to INR 84.25 billion. Fee income rose 23.5% to INR 72.86 billion, which Banerjee said reflected both business momentum and a low base in the prior-year quarter. Fees from retail, rural and business banking customers accounted for about 72% of total fees. Operating expenses increased 10.4% year over year. Employee expenses rose 5.5%, mainly due to annual increments and promotions, while non-employee expenses increased 13.8%. The bank added 97 branches during the quarter, bringing its total branch count to 7,608 as of June 30, 2026. Technology expenses represented about 11.4% of operating expenses. The bank reported a treasury gain of INR 1.51 billion, compared with a treasury gain of INR 12.41 billion in the year-earlier quarter. Consolidated profit after tax rose 13.9% year over year to INR 154.4 billion. Among key subsidiaries, ICICI Life reported higher annualized premium equivalent, value of new business and profit after tax. ICICI General’s gross direct premium income increased, but profit after tax declined to INR 4.03 billion from INR 7.47 billion a year earlier, with results including the impact of higher reserves following a recent judicial pronouncement. ICICI AMC and ICICI Securities both reported higher profits after tax on an Ind AS basis. ICICI Bank Limited is an Indian multinational banking and financial services company that provides a broad range of products and services to retail, corporate and institutional customers. The bank traces its origins to the Industrial Credit and Investment Corporation of India, founded in 1955, and was converted into a commercial bank during the 1990s as part of its evolution into a full-service financial institution. It is one of India's largest private-sector banks and is listed in the United States as an American depositary receipt under the ticker IBN. The bank's core activities include retail banking (deposit accounts, consumer loans, mortgages, credit cards and payments), corporate and commercial banking (working capital, term lending, trade finance and cash management), and treasury operations. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "ICICI Bank Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Canadian Imperial Bank of Commerce CM is slated to report second-quarter fiscal 2026 (ended April 30) results on May 28, before market open. The company’s quarterly earnings are expected to have increased on a year-over-year basis.In the last reported quarter, Canadian Imperial’s results were aided by record revenues across all of its business units. A year-over-year decline in provisions was another positive. However, higher expenses hurt the results to some extent.Canadian Imperial has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average beat being 9.3%. Canadian Imperial Bank of Commerce price-eps-surprise | Canadian Imperial Bank of Commerce Quote The Zacks Consensus Estimate for the company’s earnings for the to-be-reported quarter is pegged at $1.78 per share, which has been unchanged in the past seven days. The estimated figure suggests a rise of 23.6% from the year-ago quarter. The company’s capital markets division is expected to have gotten major support from elevated market volatility and stronger client activity in the April-end quarter. Also, an increase in underwriting fees, as well as higher advisory fees (on a rise in global deal volumes), is likely to have boosted investment banking revenues.On the lending side, Canadian commercial banking and retail banking operations benefited from decent lending demand and relatively resilient spreads in the quarter. Thus, loan growth and expansion in earning assets are expected to have provided support to Canadian Imperial’s net interest income.Despite NII growth, the company’s net interest margin (NIM) expansion is likely to have been constrained because of easing interest rates in Canada.Since the company has continuously been spending on technology modernization and employee compensation, overall costs are expected to have been elevated in the quarter. Per our quantitative model, it cannot be conclusively predicted whether Canadian Imperial will be able to beat the Zacks Consensus Estimate for earnings this time. This is because it does not have the right combination of the two key ingredients — positive Earnings ESP and a Zacks Rank #3 (Hold) or better.You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.Earnings ESP: The Earnings ESP for CM is 0.00%.Zacks Rank: The company currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. ICICI Bank Ltd.’s IBN profit after tax for fourth-quarter fiscal 2026 (ended March 31) was INR137.02 billion ($1.50 billion), up 8.5% from the prior-year quarter.IBN’s results were aided by growth in net interest income and non-interest income. A decline in provisions was a tailwind. However, higher operating expenses, along with a treasury loss, hurt the results to some extent.Barclays BCS reported first-quarter 2026 (ended March 31) net income attributable to ordinary equity holders of £1.93 billion ($2.60 billion), up 4% from the prior-year quarter.An increase in revenues and a strong balance sheet supported BCS’ results. However, the company recorded higher operating expenses in the quarter, which, along with an increase in credit impairment charges, hurt the results to some extent. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barclays PLC (BCS) : Free Stock Analysis Report ICICI Bank Limited (IBN) : Free Stock Analysis Report Canadian Imperial Bank of Commerce (CM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Release Date: May 15, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CMS Info Systems Ltd (BOM:543441) achieved a 6% year-on-year growth in services revenue, reaching INR 2,312 crores. The company successfully improved its market share in the cash logistics business by 200 basis points. CMS Info Systems Ltd (BOM:543441) reported a significant margin improvement of 280 basis points in Q4. The company secured major contracts with marquee banks like SBI, ICICI Bank, and HDFC Bank, providing a strong order book for FY27. CMS Info Systems Ltd (BOM:543441) is focusing on technology and payment solutions, with the segment growing from 7% to 16% of revenue. The company faced a challenging FY26 with only a 3% overall revenue growth, impacted by geopolitical issues and adverse climate conditions. There was a significant revenue impact of INR 150 crores due to delays in the SBI cash outsourcing project and contraction in the off-site ATM market. CMS Info Systems Ltd (BOM:543441) had to give larger-than-usual wage hikes, affecting profitability. EBITDA for the year decreased by 5%, and PAT dropped by 20%, reflecting financial pressures. The company is cautious about achieving its 25% EBITDA margin target due to potential inflation and geopolitical risks. Warning! GuruFocus has detected 2 Warning Sign with BOM:543441. Is BOM:543441 fairly valued? Test your thesis with our free DCF calculator. Q: How is the sentiment in the private bank ATM sector, and what is the outlook for achieving the revenue guidance of INR 2,900 crores? A: Anush Raghavan, Chief Business Officer, explained that banks are shifting from traditional ATMs to recyclers, which offer more transaction capabilities. The company aims to exit FY26 with strong revenue momentum, targeting INR 650 crores in Q1 FY27. The execution of new orders and ongoing projects should help achieve the revenue target, with a focus on winning additional contracts throughout the year. Q: How does CMS Info Systems handle fuel inflation in its pricing model for ATM services? A: Anush Raghavan, Chief Business Officer, stated that some contracts have CPI/WPI-linked inflation adjustments, while others have periodic price resets. The company aims to negotiate price increases to offset inflation impacts, especially in extraordinary circumstances like steep fuel price hikes. Q: What are the potential risks to achieving the FY27 revenue guidance, and how does the company view transaction-linked contracts? A: Rajeev Kaul, Executive Vice Chairman and CEO, mentioned that a sharp dip in consumption or currency supply could impact revenue. The company is cautious about transaction-linked contracts, preferring fixed-fee models to ensure sustainable returns. They focus on maintaining high return metrics and are selective about contract opportunities. Q: What is the impact of the FSS acquisition on CMS Info Systems, and how will it affect revenue and cross-selling opportunities? A: Anush Raghavan, Chief Business Officer, noted that the FSS acquisition will transfer managed services contracts to CMS, with a focus on stabilizing networks and improving quality. The acquisition offers cross-selling opportunities for CMS's Hawkeye and Algo MVS solutions, potentially enhancing revenue streams. Q: How does CMS Info Systems view the recent NCR and Brinks merger, and what is the risk exposure to MSP customers? A: Rajeev Kaul, Executive Vice Chairman and CEO, expressed confidence in CMS's strong network and density in India, which is difficult to replicate. While acknowledging potential risks, the company is focused on growth and diversification. Anush Raghavan, Chief Business Officer, added that CMS has addressed liquidity stress among mid-size MSPs by converting unsecured receivables to secured loans and implementing escrow arrangements. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

HSBC Holdings HSBC reported first-quarter 2026 pre-tax profit of $9.38 billion, which declined 1.1% from the prior-year quarter. Results were primarily hurt by an increase in expected credit losses and other credit impairment charges (ECL), along with an increase in operating expenses. However, a rise in revenues supported the results to some extent. Total revenues were $18.62 billion, up 5.5% year over year. The rise was primarily driven by higher net interest income, net fee income and other operating income. Total operating expenses (excluding amortization and impairment of intangible assets) increased 6.8% year over year to $8 billion. In the quarter under review, ECL was $1.3 billion, up 48.5% from the prior-year quarter. The charge in the reported quarter primarily reflected a $0.4-billion fraud-related, secondary, securitization exposure with a financial sponsor in the U.K. in the Corporate and Institutional Banking business, as well as a $0.3-billion increase in allowances to reflect heightened uncertainty and a deterioration in the forward economic outlook due to the Middle East conflict. The common equity tier 1 (CET1) ratio, as of March 31, 2026, was 14%, down from 14.9% as of Dec. 31, 2025. The leverage ratio was 5%, down from 5.3% as of Dec. 31, 2025. The Hong Kong Business: The segment reported $2.59 billion in pre-tax profit, up 4.7% from the year-ago period. The rise was driven by higher revenues and lower ECL. The UK Business: The segment reported a pre-tax profit of $1.65 billion, up 12% from the year-ago quarter. A rise in revenues resulted in the increase. Corporate and Institutional Banking: Pre-tax profit was $3.34 billion, which declined 9.1% year over year. The fall was due to higher ECL and higher expenses. International Wealth and Premier Banking: Pre-tax profit was $1.23 billion, which increased 3.6% year over year. The rise was driven by higher revenues and lower ECL. Corporate Centre: The segment reported a pre-tax profit of $571 million, down 15.8% from the year-ago quarter. The company’s board of directors approved a first interim dividend of 10 cents per share for 2026. For 2026, management expects banking net interest income (NII) of at least $46 billion, changed from the prior guidance of $45 billion. The increase reflects an improved interest rate outlook. ECL charges as a percentage of average gross loans are expected to be 45bps in 2026 (including held-for-sale loan balances), changed from the prior outlook of 40 bps. Over the medium term, the company plans to retain 30-40bps. The company projects growth in target basis operating expenses of 1% for 2026 from that reported in 2025. Management expects growth in revenues from 2026 to 2028, rising to 5% growth in 2028 from 2027. HSBC expects a return on average tangible equity of 17% or better for 2026, 2027 and 2028, excluding notable items. The company intends to manage the CET1 ratio within its medium-term target of 14-14.5%. The dividend payout ratio on a target basis is expected to be 50% in 2026, 2027 and 2028, excluding material notable items and related impacts. The company expects to have taken action to deliver the $1.5-billion organizational simplification savings by the first half of 2026, six months ahead of plan. Following the privatization of Hang Seng Bank, reported cost synergies across HSBC and Hang Seng Bank are expected to release $0.3 billion. To reflect this, HSBC increased its medium-term cost reallocation commitment from $1.5 billion to $1.8 billion. Through the privatization of Hang Seng Bank, HSBC expects to realize $0.5 billion in pre-tax revenues and cost synergies across both brands in Hong Kong by the end of 2028. HSBC expects to incur associated restructuring costs of $0.6 billion, of which one-off income statement impacts would be reported as material notable items. The bank has an ambition to generate further revenue and cost opportunities of $0.4 billion by the end of 2028. HSBC’s strong capital position, a global network and business-simplification initiatives are expected to support its financials. As part of its focus on optimizing returns, the company is divesting operations in underperforming regions and has exited retail banking across multiple markets. These moves position it for improved operating efficiency. However, higher expenses and rising ECL charges are concerning. HSBC Holdings plc price-consensus-eps-surprise-chart | HSBC Holdings plc Quote Currently, HSBC carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Barclays BCS reported first-quarter 2026 net income attributable to ordinary equity holders of £1.93 billion ($2.60 billion), up 4% from the prior-year quarter. An increase in revenues and a strong balance sheet supported BCS’ results. However, the company recorded higher operating expenses in the quarter, which, along with an increase in credit impairment charges, hurt the results to some extent. ICICI Bank Ltd.’s IBN profit after tax for fourth-quarter fiscal 2026 (ended March 31) was INR137.02 billion ($1.50 billion), up 8.5% from the prior-year quarter. IBN’s results were aided by growth in net interest income and non-interest income. A decline in provisions was a tailwind. However, higher operating expenses, along with a treasury loss, hurt the results to some extent. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barclays PLC (BCS) : Free Stock Analysis Report ICICI Bank Limited (IBN) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

HSBC Holdings HSBC is scheduled to announce first-quarter 2026 results on May 5, before market open. The company’s quarterly revenues and earnings are expected to have increased on a year-over-year basis. In the last reported quarter, HSBC’s results were driven by an increase in revenues, and lower expected credit losses and other credit impairment charges. However, an increase in expenses hurt results to some extent. The company boasts an impressive earnings surprise history. Its earnings surpassed the consensus estimate in each of the trailing four quarters, the average beat being 15.4%. HSBC Holdings plc price-eps-surprise | HSBC Holdings plc Quote Investment Banking (IB) Revenues: Global deal-making activity was robust in the first quarter despite the Middle Eastern conflict and the ensuing uncertainty about its impact on the economy in the last month of the quarter. While global merger and acquisition (M&A) volume declined year over year, deal value rose as big transactions dominated the space. Unlike last year, when President Donald Trump’s announcement of ‘Liberation Day’ tariff plans led to a deal drought for several months, this time, companies acknowledged that volatility is part of life, and they will have to do business around it. Lower capital costs and a focus on scale and AI integration drove M&As. Thus, advisory fee growth is likely to have been strong for HSBC. The first quarter saw decent IPO activity, with issuance volumes improving despite fewer companies getting listed. Conversely, global bond issuance volume was solid. Thus, HSBC is expected to have witnessed growth in equity and debt underwriting fees. Trading Revenues: Client activity and market volatility were solid in the first quarter. Major factors that influenced the trading business included shifting expectations around AI, rising geopolitical tensions, particularly concerns over the Middle East and the risk of an oil shock, persistent inflation concerns, and uncertainty around the Fed’s monetary policy stance. Volatility was high in equity markets and other asset classes, including commodities, bonds and foreign exchange. Owing to solid volatility and higher client activity, HSBC’s trading business performance is expected to have been robust. Interest Income: In the first quarter, central banks across the globe exhibited a mixed approach to interest rate adjustments, with the majority of them keeping rates steady. This reflected divergent perspectives on the economic outlook, with some central banks prioritizing inflation control, while others focused on potential economic downturn, concerns surrounding the Middle East conflict and the oil-price shock. These are likely to have resulted in the stabilization of funding costs for HSBC and a modest rise in loan demand. Thus, HSBC’s interest income is anticipated to have improved in the to-be-reported quarter. Expenses: Over the past several years, HSBC has been able to control expenses. However, overall costs are expected to have been high in the to-be-reported quarter, given the company’s focus on growing market share in the U.K. and Asia, as well as strengthening digital capabilities globally. HSBC’s organizational overhaul plan is likely to have resulted in increased expenses. According to our quantitative model, the chances of HSBC beating the Zacks Consensus Estimate for earnings this time are low. This is because it lacks the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. Earnings ESP: The Earnings ESP for HSBC is -0.92%. Zacks Rank: The company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The consensus estimate for the company’s earnings for the to-be-reported quarter is pegged at $2.18 per share, which has been unchanged in the past seven days. The figure indicates growth of 11.8% from the year-ago quarter’s actual. The consensus estimate for sales is pegged at $18.60 billion, implying a 5.4% year-over-year rise. Barclays BCS reported first-quarter 2026 net income attributable to ordinary equity holders of £1.93 billion ($2.60 billion), up 4% from the prior-year quarter. An increase in revenues and a strong balance sheet supported BCS’ results. However, the company recorded higher operating expenses in the quarter, which, along with an increase in credit impairment charges, hurt the results to some extent. ICICI Bank Ltd.’s IBN profit after tax for fourth-quarter fiscal 2026 (ended March 31) was INR137.02 billion ($1.50 billion), up 8.5% from the prior-year quarter. IBN’s results were aided by growth in net interest income and non-interest income. A decline in provisions was a tailwind. However, higher operating expenses, along with a treasury loss, hurt the results to some extent. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barclays PLC (BCS) : Free Stock Analysis Report ICICI Bank Limited (IBN) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research