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Earnings Score 52 Bullish

Standard Chartered Reports Strong Q1 Growth as Non-Interest Income Surges

Apr 30, 2026 04:41 UTC
STAN.L, STAC.L, 2888.HK
Short term

Standard Chartered PLC posted a 19% increase in first-quarter profit, driven by robust growth in non-interest income. The bank maintained its full-year 2026 guidance following the positive results.

  • Profit attributable to parent rose 19% to $1.9 billion
  • Adjusted non-interest income surged 16% to $3.0 billion
  • Basic EPS climbed to 74.2 cents from 56.6 cents
  • Operating income increased 9% to $5.9 billion
  • Full-year 2026 guidance remains unchanged

Standard Chartered PLC has reported a significant uptick in profitability for the first quarter of 2026, with profit attributable to parent company shareholders climbing to $1.9 billion. This represents a 19% increase compared to the same period last year. The results highlight the bank's ability to diversify its revenue streams amidst a shifting global interest rate environment. While net interest income saw modest growth, a surge in non-interest income provided the primary catalyst for the bottom-line expansion. Operating income rose 9% year-over-year to $5.9 billion. Specifically, adjusted non-interest income jumped 16% to $3.0 billion, while adjusted net interest income grew 1% to $2.9 billion. Basic earnings per ordinary share rose to 74.2 cents, up from 56.6 cents in the prior year. Operating profit before impairment and taxation reached $2.76 billion, a 19% increase in constant currency terms. Despite the strong start to the year, the bank indicated that its overall guidance for 2026 remains unchanged. Shares on the London Stock Exchange reacted modestly to the news, closing at 1,790.00 pence, a slight increase of 0.43%.

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