HSBC, Europe’s largest lender, has posted better-than-expected results for the first quarter of 2025, demonstrating resilience despite global economic challenges.
The bank reported a pre-tax profit of $9.48 billion, surpassing analyst estimates of $7.83 billion. Revenue for the quarter stood at $17.65 billion, reflecting a 15% decline compared to the previous year.
HSBC’s pre-tax profit for Q1 2025 was $9.48 billion, which represents a 25% decline compared to the same quarter last year when it reported $12.65 billion.
However, compared to the previous quarter, pre-tax profit surged by nearly 317%.
A key highlight of HSBC’s earnings announcement was its $3 billion share buyback program, which the bank intends to complete before its interim results later this year.
This move signals confidence in its financial position and commitment to returning value to shareholders.
Despite the strong performance, HSBC warned of heightened macroeconomic uncertainty, citing protectionist trade policies as a factor negatively impacting consumer and business sentiment.
However, the bank remains optimistic about its restructuring efforts, which are expected to drive cost savings and operational efficiency.
HSBC’s wealth business and corporate banking segments were standout performers, contributing significantly to its earnings growth.
CEO Georges Elhedery emphasised the bank’s strategic discipline and ability to navigate market volatility.