HSBC third quarter profit rises 32 percent, adds buyback

HSBC reported third quarter pretax profit of 9.63 billion dollars, up 32 percent from a year earlier and close to the 9.69 billion dollar consensus compiled by the bank, and announced a further share buyback of up to 1 billion dollars to be completed by the end of 2026.

Why it matters: Europe's largest bank is a bellwether for Asian credit and trade, and the quarter shows rate driven income holding up while credit losses linked to Hong Kong real estate eased, even as net profit of 7.09 billion dollars came in below a 7.24 billion dollar Visible Alpha estimate.

Data as of HSBC third quarter results for the three months ended September 30, 2026, announced Tuesday, October 27, 2026, as reported in full by Reuters and Alliance News from the bank's own release. The bank's release itself was not obtained directly in this run, so the figures are carried as reported from it. Developing item.

HSBC said pretax profit rose 32 percent to 9.63 billion dollars in the third quarter, from 7.30 billion dollars a year earlier, helped by the absence of the 1.4 billion dollars in legal provisions booked in the same quarter last year. Revenue rose to 18.6 billion dollars, below an 18.93 billion dollar estimate, while net interest income rose 6 percent to 9.31 billion dollars and the bank kept its guidance for banking net interest income of at least 46 billion dollars this year.

The bank maintained its third interim dividend at 0.10 dollars per share, said its common equity tier 1 ratio stood at 13.9 percent at September 30, down from 14.1 percent at June 30, and said it remains confident of meeting the targets it set in February 2026. Chief executive Georges Elhedery said clients continue to turn to the bank in a more complex world and that simplifying HSBC is creating capacity to invest and return capital.

HSBC third quarter profit rises 32 percent, adds buyback

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