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Barclays — Results Call Management Speech (PDF 656KB) (company IR deck)
Barclays (BCS) · 31 slides · Filed Oct 22, 2026
Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All BCS deck slides
Slide 1 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. Barclays PLC Q326 Results Analyst and Investor Conference Call Speech C.S. Venkatakrishnan, Barclays Group Chief Executive Anna Cross, Barclays Group Financial Director Q3 2026 Results Presentation 22nd October 2026 C.S. Venkatakrishnan Good morning and thank you for joining Barclays’ Q3 2026 results call. In this call, and in our full year results in February 2027, we will supplement our usual discussion with two features. First, we will explain the beneĤts of the investments which we have made to date, and which are delivering the results that we expected. And second, we will provide greater insight into the components of our cost proĤle and trajectory. This will illustrate the operational eĦciency which we are driving for, particularly from technology, and it will show our future ambitions. I will commence with a brief review of results, followed by a detailed discussion from Anna, then return to these two features.
Slide 2 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 2 October 2026 Barclays Q3 2026 Results Group Q326 financial performance 1 Pro-forma for the Q326 buyback | 2 FY25 total payout of £3.7bn. At least £10bn from 2024-2026. This multi-year plan, including planned dividend of £2bn for 2026, is subject to supervisory and Board approval, anticipated financial performance and our published ratio CET1 target range of 13-14% | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | 2028 targets 2026 targets Targets >14% >12% 13.8% 11.7% Statutory RoTE >£15bn2 With capacity to support investment and growth 2026-2028 Progressive increase vs. 20252 incl. planned £2bn dividend for 2026 £2.8bn Dividend: £0.8bn Buyback: £2.0bn £0.5bn Buyback: £0.5bn Total payout c.50% Mid-50s% 56% Investment Bank RWAs (% of Group) 13-14% 13-14% 14.2% (Pro-forma: 14.0%)1 CET1 ratio Supporting targets and guidance >5% CAGR 2025-2028 c.£31.5bn £23.9bn £7.4bn Income >£13.7bn £10.3bn £3.5bn Group NII excl. Investment Bank and Head Office £8.1-8.3bn £6.1bn £2.1bn Barclays UK NII Low-50s% High-50s% 57% 62% Cost: income 50-60bps Through the cycle 50-60bps Through the cycle 55bps 43bps Loan loss rate (LLR) Q326 actuals Q326 YTD actuals I am pleased with our year to date performance, and I am conĤdent in achieving our primary Ĥnancial targets. Our income in the third quarter was £7.4 billion, up 3% year on year and we reduced the cost: income ratio to 62% for the quarter and 57% year-to-date. We grew proĤt before tax in the quarter by 12% to £2.3 billion. And we delivered a RoTE of 11.7% in the quarter, and 13.8% year to date. Given our returns and our robust CET1 ratio of 14.2%, we are announcing a £500 million share buyback. This brings year to date distributions to £2.8 billion: up 46% from the same period last year. Our EPS is up 18% year on year for the third quarter and on track for a third consecutive year of [circa] 20% growth in EPS.
Slide 3 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 3 October 2026 Barclays Q3 2026 Results On track for target delivery 1Includes the c.£225m gain on sale of the American Airlines portfolio. Excluding this, Q326 YTD RoTEis 13.6% for USCB and 13.4% for Group, as a result of an adjusted attributable profit of £357m and £5.7bn, respectively| 2Includes Head Office: unallocated Group equity in excess of 13.5% of RWAs | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Group RoTE 9.0% 10.5% 11.3% 12.4% >12% >14% 2023 2024 2025 Last 12 months 2026 2028 Targets Barclays UK FY26 target: >20% UK Corporate Bank FY26 target: high-teens% Private Bank & Wealth Management FY26 target: >25% Investment Bank FY26 target: c.12% US Consumer Bank FY26 target: >12% Statutory Group2 FY26 target: >12% 19.9%1 9.5% 10.9% Q326 YTD Q326 21.2% 23.5% 23.8% 20.4% 21.6% 25.4% 13.5% 11.7% 13.8%1 We remain very conĤdent in achieving the Group RoTE target of greater than 12% this year, having achieved 12.4% in the last 12 months. Let me share four main reĥections on this quarter. First, the investment that we have made in and the repositioning of our UK retail and corporate franchises is driving above-market growth. All three [UK] businesses’ had a RoTE of greater than 20% in the third quarter. Second, I am pleased to see the continued results of our investment in the Equities franchise in the Investment Bank. Their strong revenues this quarter have helped balance the somewhat disappointing results from Ĥxed income intermediation. Third, increased regulatory clarity is providing us with greater capital ĥexibility, and we will update on our expected CET1 operating level at the full year results. Finally, as I will discuss later, multi-year investments in our businesses are delivering consistent returns and growth. This is the alpha we are creating. Including these investments, we are going to provide you with a clear path for absolute costs and eĦciency savings in 2027. I will return to this at the end. First, however, Anna will take you through the Ĥnancials in detail. Over to you Anna.
Slide 4 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 4 October 2026 Barclays Q3 2026 Results Growing stable income streams; on track for c.£31.5bn income FY26 target 1 Includes Investment Banking fees and underwriting and Intermediation | 2 Includes Global Markets Financing and Retail & Corporate income. Retail & Corporate consists of income from Barclays UK, UK Corporate Bank, Private Bank and Wealth Management, the International Corporate Bank within the Investment Bank, US Consumer Bank and Head Office | 3 Based on an average of FY24, FY25, and H126 income currency mix. Percentage may vary depending on business mix and macroeconomic environment and historical outcomes may not be indicative of future currency mix | Note:Ourtargetsandguidancearebasedonmanagement'scurrentexpectationsasto themacroeconomicenvironmentandthebusinessandare subjectto change|Note: Charts may not sum due to rounding | Group income (£bn) 14.0 16.8 19.1 19.7 21.5 17.2 7.9 8.2 6.3 7.0 7.6 6.7 21.9 25.0 25.4 26.8 29.1 c.31.5 23.9 2021 2022 2023 2024 2025 2026 Q3YTD More stable income streams2 Other income streams1 50% NII % of total income 42% 37% 48% 50% 48% +c.8% YoY c.50% Group income mix3 Q3YTD YoY (%) Q326 YoY (%) Income performance +8% +3% Group +9% +1% Other income streams +8% +3% More stable income streams >5% Group income CAGR target FY25-28 c.40% GBP c.40% USD c.20% Other Anna Cross Thank you Venkat and good morning everyone. With one quarter left in the original three year plan, we are conĤdent in delivering all Group targets. As I take you through our results I will focus more than usual on costs. Starting though, with income. Group income grew 3% year on year in Q3: on track for the circa £31.5 billion target in ’26. This implies full year growth of circa 8%, versus the more than 5% CAGR target to ‘28. We are building more consistent returns by growing stable income streams. These now cover [circa] 125% of Group costs, versus around 100% before ’24, having grown for six consecutive years. This is underpinned by Group NII, which has been around 50% of total income consistently since 2023.
Slide 5 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 5 October 2026 Barclays Q3 2026 Results Q326 QoQ (%) Q326 YoY (%) NII performance +0% +4% Group +4% +7% Group ex IB and HO +4% +6% BUK +6% +14% UKCB +3% +17% PBWM +2% +3% USCB Group NII a longer term driver of income 1 Percentage of total Group NII | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Note: Charts may not sum due to rounding | 2026 Group NII excluding IB and HO guidance: >£13.7bn (£bn) 11.3 12.8 >13.7 10.3 1.7 1.7 1.3 8.1 10.6 12.7 12.9 14.5 11.6 2021 2022 2023 2024 2025 2026 Q3YTD NII (ex. IB/HO) IB/HO Structural hedge % of Group NII1 Group NII 28% 21% 17% 26% 41% 46% >45% We are conĤdent in delivering the ’26 Group NII target, with 7% year on year growth in Q3. And we expect NII growth to continue, underpinned by two levers. First, the quality of deposits, particularly in the UK. These support structural hedge income growth until at least 2030, as I’ll discuss later. And second, ongoing lending momentum. Starting with UK deposits.
Slide 6 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 6 October 2026 Barclays Q3 2026 Results 57 56 56 57 57 57 57 100 99 98 100 99 98 97 33 35 35 37 37 40 42 191 189 189 193 193 195 195 Q125 Q225 Q325 Q425 Q126 Q226 Q326 72 71 73 72 78 81 82 85 85 87 89 88 89 87 52 52 52 52 51 51 51 191 189 189 193 193 195 195 55 49 51 53 54 53 53 455 447 452 457 463 468 468 Q125 Q225 Q325 Q425 Q126 Q226 Q326 Quality UK deposit franchise across retail and corporate Growing UK retail and corporate deposits (£bn) Barclays UK retail deposit balances and mix (£bn) 1 PBWM deposits booked in the UK. Includes Isle of Man, Jersey and Guernsey | 2 Barclays UK excluding Business Banking. Reflects customer deposits only | 3 Deposits at amortised cost in the International Corporate Bank UK within the Investment Bank. Includes Isle of Man, Jersey and Guernsey | 4 Includes Business Banking within Barclays UK, UK Corporate Bank and International Corporate Bank UK within the Investment Bank. ICB UK includes Isle of Man, Jersey and Guernsey | Note: Basis of preparation for UK split of deposits at amortised cost aligned to legal entity reporting | Note: charts may not sum due to rounding | Current accounts Savings accounts Time deposits YoY +3% Current accounts Savings accounts UK corporate deposit balances and mix4 (£bn) Time deposits -2% +1% +12% YoY +3% YoY +4% +3% 94 91 94 91 94 94 94 74 73 74 74 77 77 75 42 44 44 47 45 49 50 210 209 212 212 216 221 220 Q125 Q225 Q325 Q425 Q126 Q226 Q326 +3% Private Bank and Wealth Management UK1 Barclays UK retail2 Barclays UK Business Banking UK Corporate Bank International Corporate Bank UK3 Around 80% of Group deposits come from UK clients, including in Private Bank and Wealth Management and the International Corporate Bank. We bring these together for the Ĥrst time on the left, with total deposits up 3% year on year. Barclays UK retail deposits also grew 3%, as shown on the top right. Current account customers hold around 90% of Barclays branded UK retail deposits, with current account balances stable since ‘24, as we show on slide 37 in the Appendix. Given our strong funding position, we take a relationship-led approach to savings, with Premier accounting for 90% of Barclays brand ISA growth year to date. But retail deposits are only one part of the story. The bottom right now shows the corresponding split of UK corporate deposits. We are the UK’s largest corporate bank, with £220 billion of deposits across three divisions: Barclays UK, UK Corporate Bank and ICB in the Investment Bank. These have grown 4% year on year. Current accounts are stable and support deep relationships, with around 80% of UK Corporate Bank clients banking with us for more than Ĥve years. This breadth and quality underpin the structural hedge, shown on the next slide.
Slide 7 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 7 October 2026 Barclays Q3 2026 Results 3.9% Q326 YTD: 4.2% 2.5% Q326 YTD: 3.0% 0 2000 4000 6000 8000 10000 12000 14000 5.9 7.3 locked in 7.2 locked in 6.2 locked in 5.2 locked in 4.1 locked in 0 2000 4000 6000 8000 10000 12000 14000 2025 2026 2027 2028 2029 2030 Underpinning structural hedge income growth until at least 2030 1 UK Pound Sterling SONIA OIS Zero 7 Year Point (Bloomberg: BPSWS7 Curncy) | 2 Gross hedge income divided by period end hedge notional | 3 Refers to the contribution to NII of hedges that have already been executed | 4 Based on current position; subject to future portfolio evolution | 5 Table may not sum due to rounding. Excludes Head Office | Product Equity Gross hedge income (£bn) Continued structural hedge momentum Hedge notional (£bn) 2026-28 planning assumptions • c.£35bn maturing per year • Broadly stable notional • Reinvestment rate of c.3.5% Maturing yield4 c.2.7% c.2.1% c.1.5% >95% locked in3 49 49 52 53 54 55 197 183 184 189 189 188 246 232 236 242 243 243 FY23 FY24 FY25 Q126 Q226 Q326 c.3.2% c.3.7% GBP 7yr average swap rate1 Average hedge yield2 2026 expected 2025 actual Income allocation5 c.70% c.75% Barclays UK c.5% c.5% UK Corporate Bank c.5% c.5% Private Bank & Wealth Management c.15% c.15% Investment Bank <5% <5% US Consumer Bank The structural hedge provides stable income and predictable growth, for all divisions. Average swap rates of 4.2% year to date exceed the 3.5% planning assumption, supporting additional NII in future years. Given prevailing and expected swap rates, hedge income is likely to grow until at least 2030, as you can see from the updated maturing yield disclosure on the left. Whilst higher rates undoubtedly help structural hedge income, we are also diversifying NII by growing lending.
Slide 8 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 8 October 2026 Barclays Q3 2026 Results £28bn of c.£30bn targeted UK business growth RWAs 2024-2026 deployed5; target >5% UK lending CAGR FY25-28 Momentum in Corporate and core Business Banking2 (£bn) 13 13 12 13 13 14 14 27 28 29 30 31 31 33 10 10 10 10 11 11 11 50 50 51 53 55 56 58 Q125 Q225 Q325 Q425 Q126 Q226 Q326 166 167 169 172 174 177 181 15 16 16 16 16 17 17 10 10 10 10 10 10 10 190 192 195 199 200 203 208 Q125 Q225 Q325 Q425 Q126 Q226 Q326 UK loan growth of 7% YoY; strength across mortgages and corporates Continued strong retail loan growth1 (£bn) 1 Loan balances within Barclays UK | 2 Part of Barclays UK | 3 Loans and advances at amortised cost in the International Corporate Bank UK within the Investment Bank, including Portfolio Management balances | 4 Includes Government scheme lending and Barclays UK Education, Social Housing, and Local Authority (ESHLA) balances. Barclays UK YoY corporate loan growth incl. run-off is 6% | 5 Represents RWAs from business growth but excludes the effects of securitisations, model updates and other methodological changes. Also excludes additional Operational Risk RWAs related to organic growth | Note: Basis of preparation for UK split of corporate loans and advances at amortised cost aligned to legal entity reporting | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Note: Charts may not sum due to rounding | Mortgages Personal loans Cards UK Corporate Bank Barclays UK Business Banking: core International Corporate Bank UK3 YoY -1% +6% +7% +6% YoY +11% +14% +12% +13% Barclays UK Business Banking: run-off 4 9 9 8 8 7 7 6 Total UK lending grew by 7%: consistent with the more than 5% target from ’25 to ’28. With one quarter to go, we have deployed £28 billion of UK business growth RWAs, towards the circa £30 billion target for the three years to ’26. Mortgages grew by 7% year on year, with £11 billion of gross lending in the quarter. Corporate and Business Banking lending grew 13% year on year excluding the run-of portfolio. Above-market growth in UK Corporate Bank reĥects investment since ’23, helping to attract 1,500 new clients, with around 40% borrowing from us. More on this from Venkat later. In summary our progress in both deposits and lending is driven and sustained by investment in the business, in both service and capabilities. Moving on to costs.
Slide 9 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 9 October 2026 Barclays Q3 2026 Results 2026 Group cost exit run rate and 2027 expectation Group total costs (£bn) 1 Additional costs reflect a change in Material Risk Takers' compensation mix, towards higher variable and lower fixed pay, for awards to be granted from 2027, following regulatory changes in October 2025. Including £65m in Q326 | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Note: Charts may not sum due to rounding | 17.4 c.18.0 17.9 18.0 c.0.9 c.0.2 c.0.2 c.0.5 c.1.0 c.0.1 c.0.4 c.0.3 c.(0.8) >(1.1) 2025 Efficiency Business growth and inflation Acquisition costs Investments 2026 Efficiency Business growth and inflation Acquisition costs Investments 2027 c.18.4 Income £29.1bn CIR 61% Income c.£31.5bn CIR high-50s% Modest cost growth 2025-2028, with positive operating jaws in each year of the plan c.£0.3bn inflation £235m Motor c.£50m VAT +£0.3bn/2% YoY Run-the-bank cost Neutral Run-the-bank cost Best Egg Best Egg c.£0.4bn inflation c.£130m MRT1 £105m Motor c.£300m additional SCAs When we think about costs, we distinguish running the bank from investing in the future. In running the bank, we aim to drive as much operational leverage as possible, by delivering gross eĦciencies to ofset costs from business growth, inĥation and BAU investment. We distinguish this from strategic investment to increase returns. Run the bank costs have increased by £0.3 billion, of which £0.2 billion relates to the acquisition of Best Egg and GoHenry. Put diferently, gross eĦciencies have meaningfully ofset additional costs from business growth, inĥation and BAU investment. This is despite £0.3 billion of additional performance costs, given 8% year to date income growth in the Investment Bank, versus the low single-digit target. We also increased investment by £0.2 billion year on year, to harmonise systems and processes and grow fee businesses. This results in exit rate costs of circa £18 billion for ‘26. As outlined last quarter, we are also deliberately spending an additional £0.3 billion in H2 to structurally reduce costs, supported by technology deployment. Inclusive of this, the Q1 Motor Finance provision, and the change to Material Risk Takers’ compensation mix, we expect circa £18.5 billion of costs in ’26. This is consistent with the high-50s cost: income ratio target. We said in February that costs would grow modestly from ‘25 to ’28 and the Group would deliver positive operating jaws each year. These expectations are fully intact, based on statutory total costs. So what drives this? For the Group, we expect run the bank costs to be ĥat or lower in 2027 versus ’26, reĥecting higher anticipated gross eĦciencies. This creates capacity for £0.4 billion of planned additional investment, within our modest cost growth guidance. In absolute terms, we expect statutory costs to fall to circa £18.4 billion in ‘27. Cost income ratio remains our north star, so we would expect to ĥex business growth costs to the extent that income is higher or lower than expectations. As a result, we are conĤdent in making meaningful progress next year towards the low-50s cost income ratio target in 2028, from the high-50s ratio this year.
Slide 10 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 10 October 2026 Barclays Q3 2026 Results 1.0 1.0 0.3 0.7 0.3 0.8 0.3 0.7 0.6 >1.1 2023 2024 2024 2025 2025 2026¹ 2026 2027¹ 2026 2027¹ c.5,000 FTE3, impacts c.5% of employees c.60% support functions including developers4 Organisational simplification and technology change efficiency driven by AI BUK 2027 cost: income ratio guidance of “high-40s%” Structurally reducing the cost base to generate capacity for investment (£bn) 1 Gross efficiency savings represent the full-year savings realised from SCAs and other efficiency actions undertaken in the preceding financial year. Gross efficiency savings for 2026 and 2027 are based on current expectations | 2 Operating jaws calculated using statutory total Group income and total Group operating costs | 3 Expected reduction in full-time employees from SCAs taken in FY26, subject to collective and individual consultation as required | 4 Based on SCAs taken in H2 2026 | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Note: Charts may not sum due to rounding | 76 158 139 102 64 47 279 307 c.300 2024/5 Average 2026 YTD Q4 2026 Investment Bank Barclays UK Other Expected at Feb 26 Targets Update Expected following additional structural cost actions Positive operating jaws in every year2 Outcomes of SCA spend +1% 2023 +7% 2024 +3% 2025 +c.4% 2026 expected £201m SCAs in Q3 SCAs Gross Efficiency savings1 SCAs by division (£m) Our conĤdence in delivering these commitments is underpinned by the generation of cost eĦciencies. In the past two years we have delivered around £0.7 billion of gross eĦciency savings annually facilitated by £0.3 billion of SCAs in the prior year, driving positive operating jaws each year. This was our planning assumption for ‘26 to ’28. Having increased this for ’26 alone, we expect more than £1.1 billion of gross eĦciency savings in ’27. These actions involve an expected reduction of circa 5,000 full-time employees. Around 60% of the Group actions relate to support functions, including fewer developers as AI makes our people more productive. Nowhere in the bank is this more relevant than in Barclays UK, where we have taken more structural cost actions than planned in ‘26. While this acceleration means I no longer expect Barclays UK costs to fall in ’26 versus ’25, we are more conĤdent in reducing 2027 and 2028 [costs], below the ’25 level. This is enabled by improved customer-facing technology, which has reduced call centre volumes by 10% in the past year while technology improvements within call centres have increased colleague productivity. Changes to the branch staĦng model have also reduced employees per branch by around 10% in the past year, with colleagues focusing on higher-value support. And following the successful integration of Tesco Bank, circa £0.2 billion of cost synergies are ĥowing through, with the majority split broadly evenly between ’27 and ’28. In ’27 we expect a high-40s cost: income ratio, before falling to mid-40s in ’28. Turning to impairment.
Slide 11 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 11 October 2026 Barclays Q3 2026 Results -10 40 90 140 190 Q324 Q424 Q125 Q225 Q325 Q425 Q126 Q226 Q326 Q326 LLR of 43bps; through the cycle guidance of 50-60bps 1 Includes impairment charges related to the day one impact of the Tesco Bank acquisition | 2 LLR excluding General Motors is 52bps and 436bps for Group and US Consumer Bank respectively. Impairment charge excluding General Motors is £567m and £314m for Group and US Consumer Bank respectively. Group impairment charge also included c.£110m single name in the Investment Bank | 3 Includes the impact of a £228m single name charge in the Investment Bank | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Loan loss rate (bps) Barclays UK US Consumer Bank Impairment charge (£m) Group US Consumer Bank Group Barclays UK 276 340 Q324 3792 Q325 Q326 374 503 Q324 6322 Q325 Q326 102 123 16 Q324 Q325 Q326 5052 37 61 44 48 51 43 661 572 743 3 28 14 18 13 31 27 20 491 Q326 YTD Group LLR: 55bps 411 395 562 456 558 491 555 529 Consumer and corporate balance sheets remain robust and borrowers are behaving rationally, with a year to date loan loss rate of 55 basis points. The Barclays UK loan loss rate of 20 basis points beneĤted from a Tesco Bank debt sale and should normalise towards circa 30 basis points in Q4. While in US Consumer Bank, 90-day delinquencies fell further, as shown on Appendix slide 45. We expect a seasonally higher reserve build and loan loss rate in Q4 given card spending. Given this, and a 552 basis point year to date loan loss rate, we still expect circa 550 basis points for the full year. Turning to Barclays UK.
Slide 12 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 12 October 2026 Barclays Q3 2026 Results Barclays UK Q326 and Q326 YTD Q326 Q326 YTD 1 Loans and advances to customers at amortised cost | 21.2% Statutory RoTE Q325: 21.8% £1.0bn Profit before tax Q325: £1.0bn £2.3bn Income Q325: £2.3bn £2.1bn Net Interest Income Q325: £2.0bn 54% Cost: income ratio Q325: 53% £123m Impairment Q325: £102m 20bps Loan loss rate Q325: 18bps £225.3bn Loans1 Sep-25: £213.4bn £90.6bn RWAs Sep-25: £86.7bn £246.1bn Deposits Sep-25: £241.5bn 20.4% Statutory RoTE Q325 YTD: 19.6% £2.7bn Profit before tax Q325 YTD: £2.6bn £6.9bn Income Q325 YTD: £6.4bn £6.1bn Net Interest Income Q325 YTD: £5.6bn 54% Cost: income ratio Q325 YTD: 55% £461m Impairment Q325 YTD: £339m 25bps Loan loss rate Q325 YTD: 20bps £225.3bn Loans1 Dec-25: £216.5bn £90.6bn RWAs Dec-25: £85.8bn £246.1bn Deposits Dec-25: £244.6bn
Slide 13 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 13 October 2026 Barclays Q3 2026 Results 1,666 1,961 2,000 Q324 Q325 Q226 51 Structural hedge 14 Product margin (1) Deposit volume 9 Lending volume 2,073 Q326 Barclays UK delivered Q326 RoTE of 21.2% Barclays UK NII (£m) Income by business (£m) Total costs (£m) 1 Refers to year-to-date RoTE for each respective period | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Note: Charts may not sum due to rounding | RoTE (%) Retail Banking Business Banking CIR Non-NII 292 259 NIM 3.68% 3.68% 280 3.34% YoY YoY YoY +6% +4% QoQ FY26 NII guidance: £8.1-8.3bn Expect to be around the middle of the range YTD1 23.4 21.8 20.4 21.2 Q324 Q325 Q226 Q326 276 3.69% 1,006 1,198 1,195 1,271 Q324 Q325 Q226 Q326 Q324 Q325 Q226 Q326 1,946 2,253 2,259 2,349 21.4 +6% +4% +3% +5% 19.6 20.1 20.4 52% 53% 53% 54% £110m of SCAs 1,433 1,708 1,711 1,785 513 545 548 564 RoTE was 21.2% in Q3 and income grew by 4%. Costs increased 6% driven entirely by £110 million of SCAs, reĥecting the accelerated actions I discussed earlier. NII increased 6% year on year and 4% versus Q2 to £2.1 billion. Structural hedge momentum was complemented by positive product margin efects, as guided at Q2. This reĥected dissipating mortgage margin headwinds, card seasonality and day count. We still expect full year NII around the middle of the £8.1 to £8.3 billion range, as guided last quarter. An increase in the structural hedge in early October will lead to a negative Q4 product margin movement ofset by higher hedge income, with no material net efect. Moving to UK Corporate Bank.
Slide 14 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 14 October 2026 Barclays Q3 2026 Results UK Corporate Bank Q326 and Q326 YTD Q326 Q326 YTD 1 Excluding £39m litigation and conduct charge, cost: income ratio would be 48% for Q325 YTD | 2 Loans and advances to customers at amortised cost | 23.5% Statutory RoTE Q325: 22.8% £0.3bn Profit before tax Q325: £0.3bn £0.6bn Income Q325: £0.5bn £0.3bn Costs Q325: £0.2bn 45% Cost: income ratio Q325: 45% £2m Impairment Q325: £5m 2bps Loan loss rate Q325: 7bps £27.5bn RWAs Sep-25: £25.2bn £33.0bn Loans2 Sep-25: £29.0bn £87.2bn Deposits Sep-25: £86.7bn 21.6% Statutory RoTE Q325 YTD: 18.8% £0.9bn Profit before tax Q325 YTD: £0.7bn £1.7bn Income Q325 YTD: £1.5bn £0.8bn Costs Q325 YTD: £0.8bn 46% Cost: income ratio Q325 YTD: 51%1 £21m Impairment Q325 YTD: £36m 8bps Loan loss rate Q325 YTD: 16bps £27.5bn RWAs Dec-25: £26.5bn £33.0bn Loans2 Dec-25: £30.0bn £87.2bn Deposits Dec-25: £88.7bn
Slide 15 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 15 October 2026 Barclays Q3 2026 Results UK Corporate Bank delivered Q326 RoTE of 23.5% RoTE (%) 1 Refers to year-to-date RoTE for each respective period | 2 Loans and advances to customers at amortised cost | 3 LDR calculated based on customer loans and advances at amortised cost divided by customer deposits at amortised cost | Note: Charts may not sum due to rounding | Income by product (£m) Income by type (£m) Total costs (£m) Loans and deposits (£bn) Transaction banking Corporate lending Non-NII NII CIR YoY YoY -2% +14% +10% Loans2 Deposits YoY LDR3 YoY YTD1 18.8 22.8 21.3 23.5 Q324 Q325 Q226 Q326 378 432 462 482 67 90 96 91 Q324 Q325 Q226 Q326 445 522 558 573 309 383 413 437 136 139 145 136 Q324 Q325 Q226 Q326 445 522 558 573 222 234 249 258 Q324 Q325 Q226 Q326 +10% +1% +12% +10% +14% +1% 28 29 30 31 31 33 85 87 89 88 89 87 Q225 Q325 Q425 Q126 Q226 Q326 17.3 18.8 21.6 20.6 50% 45% 45% 45% 33% 33% 34% 35% 35% 38% Q3 RoTE was 23.5% and 21.6% year to date. Income and costs both increased 10%. We grew NII by 14% driven by structural hedge income and volume growth. As outlined earlier, lending grew by 14% and deposits by 1%, supported by improved propositions. And the loan to deposit ratio was 38%, up 4 percentage points year on year. Moving to Private Bank and Wealth Management.
Slide 16 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 16 October 2026 Barclays Q3 2026 Results Private Bank & Wealth Management Q326 and Q326 YTD Q326 Q326 YTD 1 Client Assets and Liabilities refers to customer loans, deposits and investments (AUM + AUS) | 23.8% Statutory RoTE Q325: 26.4% £0.1bn Profit before tax Q325: £0.1bn £0.4bn Income Q325: £0.3bn £0.3bn Costs Q325: £0.2bn 78% Cost: income ratio Q325: 73% £8.1bn RWAs Sep-25: £7.9bn £234.0bn Client Assets & Liabilities1 Sep-25: £221.5bn £56.5bn Assets Under Management Sep-25: £51.3bn 25.4% Statutory RoTE Q325 YTD: 30.9% £0.3bn Profit before tax Q325 YTD: £0.3bn £1.1bn Income Q325 YTD: £1.0bn £0.8bn Costs Q325 YTD: £0.7bn 75% Cost: income ratio Q325 YTD: 69% £8.1bn RWAs Dec-25: £8.0bn £234.0bn Client Assets & Liabilities1 Dec-25: £227.6bn £56.5bn Assets Under Management Dec-25: £52.9bn
Slide 17 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 17 October 2026 Barclays Q3 2026 Results 46 51 56 57 77 84 87 87 65 71 73 74 Private Bank & Wealth Management delivered Q326 RoTE of 23.8% 1 Refers to year-to-date RoTE for each respective period | 2Client Assets and Liabilities refers to loans, deposits and investments | 3 Assets Under Supervision (AUS) | 4Assets Under Management (AUM) | 5Net new AUM excludes market movements and FX | Note: Charts may not sum due to rounding | RoTE (%) Private Bank Client Assets and Liabilities2 (£bn) Income by type (£m) Total costs (£m) CIR Deposits AUS3 Non-NII NII Loans YoY +1% +17% YoY +10% AUM4 Net new AUM5 (£bn) YoY +6% 14 Q324 15 Q325 15 Q226 16 Q326 202 221 230 234 221 243 267 289 221 243 267 289 221 243 267 286 Q324 Q325 Q226 Q326 29.0 26.4 26.9 23.8 Q324 Q325 Q226 Q326 YTD1 68% 189 190 216 223 137 145 150 146 Q324 Q325 Q226 Q326 326 335 366 369 +18% 29.5 73% 73% 78% 30.9 26.1 25.4 +8% +10% +5% +3% Expect costs to build QoQ in 2026 0.6 0.3 0.7 1.3 Q3 RoTE was 23.8% and 25.4% year to date. Client assets and liabilities grew 6% year on year and AUM 10%. This included £2.5 billion of net new AUM year to date, including £0.6 billion in Q3. The Private Bank has driven most of the client asset and liability growth in the past 3 years. Part of the investment I outlined earlier will drive additional scale in UK Wealth, including through adviser recruitment and recently launched marketing. These investments increased costs 7% quarter on quarter and we expect a similar increase into Q4. Moving to the Investment Bank.
Slide 18 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 18 October 2026 Barclays Q3 2026 Results Investment Bank Q326 and Q326 YTD Q326 Q326 YTD 1Annualised income as a percentage of average RWAs during the relevant period | 9.5% Statutory RoTE Q325: 10.1% £1.0bn Profit before tax Q325: £0.9bn £3.1bn Income Q325: £3.1bn £2.1bn Costs Q325: £2.0bn 67% Cost: income ratio Q325: 65% £33m Impairment Q325: £144m £206.1bn RWAs Sep-25: £199.1bn 56% RWAs as % of Group Sep-25: 56% 6.1% Income/Average RWAs1 Q325: 6.3% 9bps Loan loss rate Q325: 44bps 13.5% Statutory RoTE Q325 YTD: 12.9% £4.3bn Profit before tax Q325 YTD: £3.9bn £11.1bn Income Q325 YTD: £10.3bn £6.4bn Costs Q325 YTD: £6.0bn 58% Cost: income ratio Q325 YTD: 59% £356m Impairment Q325 YTD: £283m £206.1bn RWAs Dec-25: £196.7bn 56% RWAs as % of Group Dec-25: 55% 7.3% Income/Average RWAs1 Q325 YTD: 6.9% 34bps Loan loss rate Q325 YTD: 29bps
Slide 19 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 19 October 2026 Barclays Q3 2026 Results 32% FICC c.50-60% US 32% Equities c.40-50% rest of the world 21% Banking fees 14% ICB7 Business⁵ Geography ² Investment Bank delivered Q326 RoTE of 9.5% 1 Refers to year-to-date RoTE for each respective period | 2 Includes Advisory, ECM, DCM and Intermediation in Global Markets | 3 Consists of Financing and International Corporate Bank | 4 Impacted by fair value losses on lending positions of c.£85m | 5 c.50-60% of income and c.40-45% of costs in USD. Based on an average of FY24, FY25 and H126 income and costs currency mix. Range may vary dependingon business mix and macroeconomic environment and historical outcomes may not be indicative of future currency mix | 6 Q326 income split | 7 International Corporate Bank | 8 Additional costs reflect a change in Material Risk Takers' compensation mix, towards higher variable and lower fixed pay, for awards to be granted from 2027, following regulatory changes in October 2025 | Note: Charts may not sum due to rounding | RoTE (%) Investment Bank income (£m) Total costs (£m) YoY +1% Other income2 More stable income streams3 +1% +2% YTD1 8.8 10.1 16.0 9.5 Q324 Q325 Q226 Q326 1,386 1,539 1,414 1,713 1,697 2,419 1,715 1,1384 Q324 Q325 Q226 Q326 2,851 3,083 3,958 3,129 10.1 12.9 13.5 15.5 Investment Bank income mix Geography5 65% Global Markets 35% Investment Banking Business6 Driving efficiency of capital 5.7% 6.3% 7.7% 6.1% 202 195 204 206 0.00 50.00 100.00 150.00 200.00 250.00 0.050 0.100 Q324 Q325 Q226 Q326 Average RWAs (£bn): Income/ Average RWAs 1,916 2,014 2,199 2,086 Q324 Q325 Q226 Q326 YoY +4% £57m of SCAs and £55m of MRTs8 67% 65% 56% 67% CIR Q3 RoTE was 9.5%, and 13.5% year to date. Income was broadly ĥat year on year, with higher RWAs reducing income to average RWAs by 20 basis points, to 6.1%. With the Investment Banking loan book review now largely complete, we deployed additional RWAs to support deal activity, including in the UK. This will generate income in future quarters. Costs increased £72 million, driven entirely by £112 million of SCAs and changes to Material Risk Takers’ compensation mix. We expect Q4 MRT costs to be similar to the Q3 level of £55 million. Including all H2 costs, we remain focussed on delivering a circa 12% RoTE and positive operating jaws in ’26, having delivered 2% positive jaws year to date.
Slide 20 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 20 October 2026 Barclays Q3 2026 Results Income by product (£m) Income up 1% YoY; strong performance in Equities offsetting weaker FICC Global Markets 1 Includes Advisory, ECM and DCM | 2 Impacted by fair value losses on lending positions of c.£85m in Q324 | 3 Impacted by £39m of LevFin marks and higher hedging costs | 4 Transaction Banking forms part of the International Corporate Bank, while the remaining balance of International Corporate Bank is Corporate Lending | -3% YoY DCM ECM Advisory YoY -19% -19% USD +47% +47% USD YoY +23% +23% USD -8% -8% USD +13% +13% USD Income (£m) Investment Banking YoY +1% +1% USD +8% +8% USD +4% YoY +4% USD Int. Corporate Bank -8% Income by type (£m) Transaction Banking4 Investment Banking fees +2% USD YoY1 1,180 1,256 1,471 1,012 692 689 1,261 1,010 Q324 Q325 Q226 Q326 Equities FICC 1,872 1,945 2,732 2,022 492 479 344 379 402 347 64 71 157 87 186 196 188 222 3852 Q324 Q325 Q226 4513 Q326 979 1,138 1,226 1,107 +4% YoY 753 894 1,060 963 1,119 1,051 1,672 1,059 Q324 Q325 Q226 Q326 Financing Inter- mediation 1,872 1,945 2,732 2,022 +4% USD +9% 406 424 442 464 Equities share of Markets income 50% 48% Financing share of Markets income 46% 35% 37% 39% 46% 40% In US dollar terms, Markets income increased 4% year on year. BeneĤtting from past investments, Equities increased 47% and accounted for half of Q3 Markets income. Equity derivatives were particularly strong, and we grew Prime, supporting 8% year on year Financing growth. This ofset weaker FICC intermediation, with lower client activity in rates and credit in the second half of the quarter and further adversity in September given macro movements. Investment Banking fees increased 2%. Strong activity in Advisory and ECM ofset lower DCM fees, reĥecting deliberate risk and return decisions in a smaller LevFin wallet. M&A and ECM pipelines remain strong. Lower ICB income reĥected £39 million of LevFin marks and higher hedging costs in the corporate lending line. Transaction Banking income grew 9% year on year, reĥecting deposit and fee growth, particularly from Trade and Working capital. Moving to US Consumer Bank.
Slide 21 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 21 October 2026 Barclays Q3 2026 Results US Consumer Bank Q326 and Q326 YTD Q326 Q326 YTD 1 Includes c.£225m gain on sale of American Airlines portfolio. Excluding this gain, Q326 YTD USCB RoTE is 13.6%, as a result of an adjusted attributable profit of £357m | 2 Total ENR, includes managed and reported ENR | 10.9% RoTE Q325: 13.5% £0.1bn | $0.2bn Profit before tax Q325: £0.2bn | $0.2bn $41.8bn End net receivables2 Sep-25: $35.9bn £0.9bn | $1.2bn Income Q325: £0.9bn | $1.3bn 13.7% Net Interest Margin Q325: 11.5% £0.5bn | $0.6bn Costs Q325: £0.4bn | $0.5bn 50% Cost: incomeratio Q325: 43% £340m | $457m Impairment Q325: £379m | $508m 529bps Loan loss rate Q325: 505bps £24.3bn | $32.3bn RWAs Sep-25: £25.8bn | $34.7bn 19.9%1 RoTE Q325 YTD: 9.4% £0.7bn | $1.0bn Profit before tax Q325 YTD: £0.3bn | $0.4bn $41.8bn End net receivables2 Dec-25: $37.6bn £3.0bn | $4.1bn Income Q325 YTD: £2.6bn | $3.5bn 13.2% Net Interest Margin Q325 YTD: 11.0% £1.3bn | $1.7bn Costs Q325 YTD: £1.2bn | $1.6bn 42% Cost: incomeratio Q325 YTD: 46% £1.1bn | $1.4bn Impairment Q325 YTD: £1.1bn | $1.4bn 552bps Loan loss rate Q325 YTD: 489bps £24.3bn | $32.3bn RWAs Dec-25: £27.4bn | $36.9bn
Slide 22 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 22 October 2026 Barclays Q3 2026 Results US Consumer Bank delivered Q326 RoTE of 10.9% 1 Refers to year-to-date RoTE calculated in each respective year | 2 Includes a c.£225m gain on sale of the American Airlines portfolio. Excluding this gain, USCB RoTE is 10.5% in Q2 2026, 14.9% in H1 2026, and 13.6% in Q3 2026 YTD, as a result of an adjusted attributable profit of £87m, £263m, and £357m, respectively and cost: income in Q2 2026 would have been 49% | 3 Includes credit card receivables sold to Blackstone in Q124 and receivables from c.$10.5bn of loans serviced by Best Egg | Note: Charts may not sum due to rounding | RoTE (%) Total costs (£m) Income by type (£m) End net receivables ($bn) CIR YoY -17% -17% USD -1% -1% USD +3% +3% USD YoY Managed ENR3 Reported ENR RoTE for Q226 incl. c.£225m gain on sale YoY +16% 34.9 36.6 35.2 29.7 30.5 11.4 11.3 1.0 Q325 1.0 Q425 1.0 Q126 Q226 Q326 35.9 37.6 36.2 41.2 41.8 393 407 444 462 Q324 Q325 Q226 Q326 YTD1 +14% +14% USD 10.9 13.5 10.5 10.9 Q324 Q325 Q226 Q326 8.4 9.4 19.92 24.22 30.22 647 726 732 749 144 215 179 Q324 Q325 4042 Q226 Q326 791 941 1,136 928 NIM 13.7% 13.2% 11.5% 10.4% NII Non-NII 50% 43% 39%2 50% [Q3] RoTE was 10.9% and 19.9% year to date. Income decreased 1%, with the Q2 American Airlines portfolio exit broadly ofset by Best Egg and business growth. NII increased 3% year on year, with lower average balances more than ofset by higher NIM. This reĥected mix efects and a circa 10 basis point one-of beneĤt from a change in the recognition of future customer rewards. Higher interest rates do not materially afect NIM, as assets typically reprice within a month. Card and consumer loan volumes were as expected, though higher benchmark rates continued to weigh on market-wide pricing of consumer loans distributed through Best Egg. This created a circa £20 million non-NII headwind in the quarter. Costs increased 14%, reĥecting a full quarter of Best Egg costs, and the cost: income ratio was 50%. We still expect a circa 12% RoTE in ’26, excluding the AA gain on sale.
Slide 23 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 23 October 2026 Barclays Q3 2026 Results 63 64 69 76 82 84 14.5 15.0 19.3 19.1 23.6 23.9 2023 2024 2025 Q126 Q226 Q326 Increased funding from core deposits Operational progress in building a multi-product US Consumer Bank 1Total End Net Receivables. Includes branded cards | 2 Organic growth represents the increase in outstanding receivables, excluding receivables acquired through acquisitions, new partnerships and partnership exits | 3 Best Egg acquisition completed on 1 May 2026 | 4 Retail percentage of credit card reported end net receivables including branded | 5 Total consumer loans End Net Receivables. 2023- Q3 2026 reflects personal loans originated by Barclays | Balance growth($bn)1 +6% YoY +1% QoQ 32.1 34.1 37.2 35.8 29.7 30.0 2023 2024 2025 Q126 Q226 Q326 Rebalancing card mix towards retail4 (%) 17.3 20.3 24.4 26.4 26.6 26.6 2023 2024 2025 Q126 Q226 Q326 Partnership cards franchise Digital-only deposit franchise Consumer lending platform (% of total funding) 0.1 0.2 0.4 0.4 11.5 11.8 2023 2024 2025 Q126 Q226 Q326 Growing total loan balances5 ($bn) Strongoriginations through Best Egg ($bn)3 6.1 6.7 7.3 1.5 1.9 2.0 2023 2024 2025 Q126 Q226 Q326 +53% since 2023 +15%YoY 0% QoQ Strong retail deposit growth ($bn) 2023 2024 2025 Q226 Q326 Q126 Sale of c.$6.5bn of AA receivables Organic growth2 $5.4bn YTD Let me step back from the quarterly performance. In the past three years we have been transforming into a multi-product digital-only US Consumer Bank, with 23 million customers. The partnership cards franchise remains at its core. Balances grew 6% organically in the past year, as we rebalanced towards retail to improve diversiĤcation and risk-adjusted margins. This includes circa 20% growth in General Motors balances since August ‘25. The fully digital consumer deposit franchise, shown in the middle, has grown balances by 53% since ’23 to $26.6 billion. These deposits are around 50 to 60 basis points cheaper than wholesale funding, and now comprise 84% of total funding. Most recently, Best Egg has added consumer lending capabilities with circa 7 billion dollars of annual originations. This allows us to deliver even more value to partnership clients and their customers over time. Bringing these propositions together will drive signiĤcant further growth in our most digital division.
Slide 24 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 24 October 2026 Barclays Q3 2026 Results Capital generation supporting higher distributions 1 Reflects capital benefit from attributable profit generation divided by prior period RWAs | 2 This multi-year plan, including planned dividend of £2bn for 2026, is subject to supervisory and Board approval, anticipated financial performance and our published CET1 ratio target range of 13-14% | 3 Comprises £3.0bn in 2024, £3.7bn in 2025, £2.0bn of buyback YTD in 2026 and c.£2bn dividend planned for 2026, excluding any buyback in Q426 | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | >14% >12% 11.3% 10.5% 9.0% 14.0% Q3 proforma CET1 ratio Pillar 2A reduction of 59bps (£bn) Supporting higher distributions2 Higher capital generation (bps)1 RoTE Targets 127 155 172 c.200 >230 2023 2024 2025 2026 2028 Q326 YTD: 164bps 3.0 3.0 3.7 2.0 YTD buyback c.2.0 FY26 planned dividend Q4 buyback 2023 2024 2025 2026 2027 2028 At least £10bn target (£10.7bn planned pre any Q4 buyback3) >£15bn target 30-55bps 59bps CET1 impact of Basel 3.1 MDA reduction from Pillar 2A • Pillar 2A reduction now expected to offset RWA inflation of Basel 3.1 • Current plan based on operating at top end of 13- 14% CET1 range • New clarity on MDA reduction to 11.6% provides greater flexibility • Will update on CET1 operating levels within 13-14% range at FY26 MDA 12.2% £8-15bn RWA inflation From 1 January 2027 Our earnings momentum is driving consistently stronger capital generation. We are on track to generate around 200 basis points of capital this year and expect more than 230 basis points in ’28. This supports progressive shareholder distributions. Including the £2.0 billion planned dividend for ’26, we have now announced £10.7 billion of distributions since the start of the plan, even before any Q4 buyback. We take a prudent approach to both current and future regulatory requirements, regardless of materiality. Noting recent commentary on our TRS exposure on Private Credit loans, our approach here is no exception. The conditions to classify the treatment as trading book were met and our approach supported by appropriate governance internally, and external review And this approach is unchanged under Basel 3.1 rules. For context, the mark-to-market of this exposure is small, currently around £300 million within the £15 billion Private Credit book, and is equivalent to £1.5 billion of notional. Looking ahead, our plan and targets are based on operating around the top of our 13-14% CET1 ratio whilst fully absorbing RWA headwinds in ’27. Put diferently, the plan did not assume a reduction in Pillar 2A requirements. As expected, Basel 3.1 will increase RWAs by £8 to £15 billion, equivalent to 30 to 55 basis points of CET1. We now have greater clarity on Pillar 2A, which will reduce the MDA by 59 basis points, more than ofsetting the impact of higher RWAs. This gives greater capital ĥexibility, and we will update on the expected CET1 operating level within the 13-14% range at full year results.
Slide 25 — +32%
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 25 October 2026 Barclays Q3 2026 Results High-single digit revenue growth Double digit EPS growth Buybacks reducing share count +71% L12M Buybacks vs. 2023¹ −12% Share count vs. 2023 +85% L12M EPS growth vs. 2023¹ TNAV + DPS² +32% since Dec-23 | c.11% CAGR Earnings growth compounding shareholder returns 1EPS and buyback growth reflect last 12 months of cumulative EPS and buyback announced vs. FY23. Share count reflects period end shares vs. Dec-23 | 2TNAV per share plus cumulative DPS paid since 31st December 2023. Dividends: FY23 2.7p, H124 interim 2.9p, FY24 5.5p, H125 interim 3.0p, FY25 5.6p, H126 interim 5.9p. TNAV: Dec-23 331p, Dec-24 357p, Dec-25 409p, Sep-26 410p. CAGR over Dec-23 to Sep-26 (2.75 years) | 6% 9% 8% 2024 2025 2026 YTD 30% 21% 23% 2024 2025 2026 YTD Positive cost jaws 7% 3% 4% 2024 2025 2026 YTD 331 363 423 436 Dec-23 Dec-24 Dec-25 Sep-26 TNAV Cumulative DPS Bringing this all together. We are delivering consistent revenue growth and amplifying this with positive operating leverage. This has driven the majority of the double digit EPS growth in ’24, ’25 and year to date. In doing so, we are driving more consistent shareholder returns. Buybacks of £5.8 billion since 2023 have reduced the share count by 12% further compounding EPS growth and delivering growth in TNAV and dividends of 32%. But the plan does not end here. So before we open for Q&A, let me hand back to Venkat.
Slide 26 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 26 October 2026 Barclays Q3 2026 Results Delivering on our 2026 targets 1 Comprises total announced distributions of: £3.0bn in 2024, £3.7bn in 2025, £2.8bn Q3 YTD 2026 | 2 Original target of c.£30bn at February 2024 Investor Update, which was previously upgraded to c.£31.5bn at H126 Results | 3 Includes c.£225m gain on sale of American Airlines portfolio. Excluding this gain, USCB RoTE for the last 12 months is 14.2%, as a result of an adjusted attributable profit of £501m and the FY26 target is c.12% | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Group targets RoTE 12.4% last 12 months Target >12% On track Distributions £9.5bn1 2024 – Q326 YTD At least £10bn On track UK business RWA growth £28bn 2024 – Q326 YTD c.£30bn On track Income £30.9bn Last 12 months c.£31.5bn2 On track Cost: income ratio 59% last 12 months High-50s% On track Divisional RoTEs Barclays UK Target Last 12 months >20% 21.3% UK Corporate Bank High-teens 21.0% Private Bank & Wealth Management >25% 22.2% Investment Bank c.12% 11.1% US Consumer Bank >12%3 18.9%3 C.S. Venkatakrishnan Thank you Anna Three years ago, we presented a vision anchored in measured ambition and disciplined delivery. And as I told you in February and Anna has started to show you today, our operational performance and our Ĥnancial success are two sides of the same coin. With one quarter to go until the end of the original three year plan, I am very pleased to say that we have met or are positioned to achieve all our primary Group objectives. I want to illustrate that with examples across our businesses and then discuss the next stage of our execution ambition: this is to reduce our cost structure and increase operational eĦciency.
Slide 27 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 27 October 2026 Barclays Q3 2026 Results Highest Premier eligible NPS vs. UK banks with a Premier account offering5 UK retail growth from investments in customer service and product quality Building products to serve a range of customers Premier NPS drives growth in most valuable deposit segment Barclays UK retail deposit balances (£bn) 50 54 58 62 185 191 193 195 2023 2024 2025 Q326 1Barclays mortgage growth to September 2026. Market mortgage growth to August 2026, based on latest available data. Barclays mortgage balance growth includes the impact of securitisations | 2Source: BoE data, LPMVTXH up to August 2026 | 3 Mortgage broker NPS score. (3 month rolling average September 2026 and August 2022) | 4 © Ipsos 2026, Financial Research Survey (FRS), for the 12 months ended 31 August 2026 (compared to December 2023). The survey contacts around 50,000 adults (aged 16+) a year in total across Great Britain considering (and weighted to) the overall profile of the adult population. Results are based on Barclays 'Premier' main current account customers n=987 (645) | 5© Ipsos 2026 data per footnote 4. Results are based on 'Premier Eligible' main current account customers, defined as £75,000+ gross annual income OR £100,000+ in total savings & investments, for Barclays this represents 2,450 respondents. The UK bank peers include Barclays, Halifax, HSBC, Lloyds Bank, NatWest & Santander | 6To be eligible for Premier, a customer needs to have a current account with Barclays and either pay in a gross annual income of at least £75,000 or have a total balance of £100,000 savings with Barclays in eligible investments or a mix of both. Planning and Advice is available to Premier customers with a minimum of £150,000 available to invest | 7Segment of Barclays UK customer base identified as having high income or asset levels | 8Based on internal models | A high quality experience driving above market growth Premier6 Mass- Affluent7 +23% +5% Growth since 2023 c.20% of card acquisitions growth from c.£2bn to c.£6bn balances since acquisition c.20% of card acquisitions Deepens relationships incl. with Premier customers Market growth1,2 Barclays mortgage growth1 Mortgage market share2 10.4% Q326 10.1% 2023 Implemented a low cost, high quality wealth proposition No upfront advice charges For Premier Planning and Advice6 Zero Custodian feesfor Direct Investing -51 2022 70 2026 Broker NPS3 +32 2026 +10 2023 c.400k Customers identified could benefit from Planning and advice8 +5% +11% Q424 Q125 Q225 Q325 Q425 Q126 Q226 Q326 Barclays Premier NPS4 Let me remind you of our UK retail strategy, the journey on which we have been and the opportunity from here. This strategy has two pillars. First, we have repositioned the business into a multi-brand franchise, extending our client reach and the ability to tailor services to diferent customer needs. We acquired Tesco Bank in 2024, it now accounts for 20% of card acquisitions and is a key lever in our deposit strategy. We acquired Kensington Mortgages [Company] in 2023. The Kensington brand and capabilities enable us to lend to more complex borrowers and balances here have more than tripled since the acquisition. And we are delivering a better client experience by investing in technology. This includes our mortgage broker platform, where we have reduced application times from 45 minutes to less than 15, meaningfully improving our broker NPS from -51 to +70. As a result, our market share is up 30 basis points since 2023 to 10.4%. The second pillar of our retail strategy is to establish Barclays as The Premier UK bank. Improved customer service has culminated in Barclays having the highest premier NPS among UK peers. As a result, since the end of 2023 we have increased Premier Mass Aħuent customers by 27%, driving 23% deposit growth in this segment. In doing so, we have shifted our deposit mix towards customers with larger balances, and with the greatest need for long-term investment planning. We have the customers: including circa 400,000 in Barclays UK that could beneĤt from investment advice. And we now have the most compelling low-price high-quality proposition in Private Bank and Wealth Management in the UK. These provide Ĥnancial advice with no upfront fee and Direct Investing, our investment platform with no custody fees.
Slide 28 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 28 October 2026 Barclays Q3 2026 Results +12% +19% +30% Q424 Q125 Q225 Q325 Q425 Q126 Q226 Q326 1 Includes UK Corporate Bank, International Corporate Bank UK (part of Investment Bank) and Business Banking (part of Barclays UK) as at Q326. Based on Barclays calculations using peer reported financials as of Q226. Peers include: Lloyds Commercial, NatWest Commercial and Institutional, and HSBC UK Commercial Banking and UK Corporate and Institutional Banking | 2 Measured using BoE data to August 2026, based on latest available data: RPMZ8YJ for outstanding lending and LPMVVID for deposits | 3 With companies with £1m - £6.5m turnover | 4 Excludes Business Banking run-off, which relates to Government scheme lending and Barclays UK Education, Social Housing, and Local Authority (ESHLA) balances | Note: Charts may not sum due to rounding | Note: Loans and advances at amortised cost in International Corporate Bank UK within the Investment Bank includes Portfolio Management balances | Largest integrated UK corporate franchise driving above market growth Advanced, full-service capability to UK businesses Largest UK corporate deposit franchise1 (£bn) UKCB loan growth Consistently growing share 220 Barclays Peer #1 Peer #2 Peer #3 UK Corporate Bank Barclays UK: Business Banking IB: International Corporate Bank UK UKCB lending share2 9.7% Q326 9.0% 2023 22% main bank share3 c.22% deposit market share2 c.70% of FTSE 100 are clients Small businesses Barclays UK: Business Banking Medium and large enterprises UK Corporate Bank FTSE 350 Investment Bank: ICB UK The only UK Investment Bank UK corporate franchise1 ex run-off4 Market growth2 With significant capacity to grow lending1 Loan to deposit ratio 29% 38% UK corporate franchise¹ UKCB Peer #1 Peer #2 Peer #3 When it comes to UK corporates, we are uniquely placed to drive growth and investment. We have built the largest UK corporate deposit franchise by investing in transaction banking and having complete client coverage. This starts with business banking in Barclays UK, through to FTSE 350 clients in the UK Corporate bank. And as the only full service UK investment bank we also serve the very largest FTSE clients in the International Corporate Bank. The UK corporate franchise has historically been the beating heart of Barclays, but it has lacked speciĤc attention for some time. This changed after we re-segmented the business at the end of 2023, gave it capital and started reinvesting in technology. We are driving diferentiated growth on both sides of the balance sheet: with lending growing materially faster than the market since 2024, driven by new and existing clients. With a loan to deposit ratio of only 38% in the UK Corporate Bank, versus 50 to 75% for peers, we have much further to go. We are driving growth by delivering a better client experience. Around 45% of our clients now use iPortal, our digital platform, exclusively, replacing Ĥve legacy platforms, and we expect this to rise to 100% by the end of ’26. All of this will drive greater product usage, supporting fee income, and allow us to decommission legacy tech platforms.
Slide 29 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 29 October 2026 Barclays Q3 2026 Results 2.9 3.0 3.5 3.9 2023 2024 2025 Last 12 months 6.2% 6.0% 6.8% 7.3% 4.6% 5.5% 6.1% 6.1% 5.5% 5.8% 6.6% 6.8% 2023 2024 2025 Last 12 months 199 203 199 204 Structurally stronger and more diversified Investment Bank 1 Based on Barclays' analysis using internal and external sources. 2021 and 2023 as reported at 20th February 2024 Investor Update. 2025 as reported at 10th February 2026 Targets Update. Latest represents FY25 data | 2 Coalition Greenwich Competitor Analytics FY25 & FY23 (Liquid Financing rank as of FY25, Focus business share as of FY25 and FY23). Revenues are based on the following banks: BofA, Barclays, BNPP, CITI, DB, GS, JPM, MS and UBS. This analysis is based on Barclays’ internal business structure and internal revenues. Liquid Financing includes quantitative prime services, futures clearing and settlement, prime brokerage margin lending, fixed income securities repurchase agreements and synthetics. Focus businesses comprise European Rates, Equity Derivatives and Securitised Products Trading | 3 Q326 YTD vs Q323 YTD. Analysis is based on Barclays’ internal business structure and internal revenues | Driving capital productivity By deepening relationships with most profitable clients Growing stable income from Financing Growing Equities to diversify revenue Income / Average RWAs (%) Average IB RWAs (£bn): (£m) c.90%3 Equities growth driven by Prime and Derivatives +70bps share increase in focus businesses2 4,121 4,199 1,942 3,387 Q3 YTD 2023 Q3 YTD 2026 Equities share of Markets income: 45% Equities FICC 30 49 62 66 Target: 70 2021 2023 2025 Latest 2026 Investment Banking Global Markets (£bn) #5 ranked globally for Liquid Financing2 98 of Top 100 clients have a Financing relationship 32% Investment Bank Top 5 rank with Top 100 Global Markets Clients1 In the Investment Bank we are improving the returns footprint by altering the business mix and increasing productivity. Within a broadly stable RWA footprint, we have increased income to average RWAs by 130 basis points since 2023, to now standing at 6.8% in the last 12 months. Ours is a story of discipline, focused on greater client relevance: where we now rank Top 5 with 66 of our Top 100 Markets clients, up from 30 in 2021. And to remind you, our target was for 70 out of the top 100, to be Top 5 [with] by the end of this year. We have driven structurally stronger, more predictable Global Markets income in two ways: First, by growing the stable income base; and second, by reducing volatility and the seasonality of the intermediation business. We have increased Financing income by around £1 billion since 2023, reĥecting the investment that we have made in liquid Ĥnancing where we now rank Ĥfth globally. This creates deeper relationships, with 98 of the Top 100 Markets clients choosing Barclays for their Financing needs. And we are rebalancing towards Equities, which now account for 45% of year to date revenues in the Markets business versus 32% in ’23. Equity Derivatives and Prime have driven around 90% of this growth. This diversiĤcation of our revenues supports performance in a broader range of environments, with Q3 being a case in point, where we saw a 50:50 split between Equities and Fixed Income.
Slide 30 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 30 October 2026 Barclays Q3 2026 Results Why Barclays 1 This multi-year plan is subject to supervisory and Board approval, anticipated financial performance and our published CET1 ratio target range of 13-14% | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Serving >40 million UK and US retail customers; The ‘Premier’ UK bank and digital-only multi-product US bank 1 2 Driving operating leverage, by adopting digital and AI at scale 4 5 Consistent delivery towards >14% RoTE by 2028, with compounding earnings growth building foundations for an all-weather RoTE beyond 2028 Strong capital generation funding >£15bn shareholder returns 2026-20281 6 Largest UK corporate bank by deposits, serving the full continuum of corporates, with differentiated capacity to drive loan growth 3 Top-tier Investment Bank, operating in core UK and US markets, building sustainably higher returns by increasing productivity We are improving performance across our businesses through disciplined delivery and rigorous execution. We have done so by investing in and building a constellation of segment leading businesses. These include consumer businesses with over 40 million retail customers globally, the largest UK corporate bank by deposits, and a top-tier global investment bank. As we move from the Ĥrst three year plan to the second, we are also transitioning to the next phase of our journey. And this is to accelerate operational improvements and drive even greater cost eĦciency through deep technological transformation, reducing the unit cost of product manufacturing, service and innovation. We are achieving this by standardizing our data, modernizing our infrastructure, and harmonizing our processes. And we will employ AI at scale: but AI is the icing on the cake, not the cake. Investment underpinning this is within the plan we outlined in February and is being made possible by our operating leverage. By continuing to execute our strategy with discipline and rigor, we are accelerating our ambition and securing structurally higher and all-weather returns beyond 2028. Segment leading businesses, ambitious revenue growth, robust cost and operational eĦciency, conservative capital and liquidity proĤles, rigorous risk management, and strong capital generation. These are the principles and goals by which we aim to live and prosper at Barclays. I will now open to questions and answers. As ever, please limit yourself to two questions, so we can get around as many of you as possible. And please also introduce yourself as you ask your questions.
Slide 31 — Investor Relations
Investor Relations Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702) Registered in England. Registered No. 1026167. Registered oĦce: 1 Churchill Place, London E14 5HP. 31 October 2026 Barclays Q3 2026 Results Disclaimer ImportantNotice The terms “Barclays” and “Group” refer to Barclays PLC together with its subsidiaries. The information, statements and opinions contained in this presentation do not constitute a public offer, an offer to sell or solicitation of any offer to buy any securities or financial instruments under any applicable legislation and in any jurisdiction, or any advice or recommendation with respect to such securities or other financial instruments. Information relating to: • regulatory capital, leverage, liquidity, resolution and related regimes are based on Barclays' interpretation of applicable rules and regulations as in force and implemented in the UK as at the reporting date, including, but not limited to: the CRR; the PRA Rulebook; and any applicable delegated acts, implementing acts or technical standards; in each case as amended and, where applicable, as such rules and regulations form part of domestic law by virtue of the European Union (Withdrawal) Act 2018. All such regulatory requirements are subject to change and disclosures made by the Group will be subject to any resulting changes. The Pillar 2A requirement is also subject to at least annual review; • MREL is based on Barclays' understanding of the Bank of England’s statement of policy on "The Bank of England's approach to setting a minimum requirement for own funds and eligible liabilities (MREL)" published in July 2025, and its MREL requirements communicated to Barclays by the Bank of England. Binding future MREL requirements remain subject to change, as determined by the Bank of England, taking into account a number of factors as described in the policy, along with international developments; • future regulatory capital, leverage, liquidity, funding and/or MREL, including forward-looking illustrations, are provided for illustrative purposes only and are not forecasts of Barclays’ results of operations or capital position or otherwise. Illustrations regarding the capital flight path, end-state capital evolution and expectations and MREL build are based on certain assumptions applicable at the date of publication only which cannot be assured and are subject to change.” Non-IFRSperformancemeasures Barclays’ management believes that the non-IFRS performance measures included in this presentation provide valuable information to the readers of the financial statements as they enable the reader to identify a more consistent basis for comparing the businesses’ performance between financial periods and provide more detail concerning the elements of performance which the managers of these businesses are most directly able to influence or are relevant for an assessment of the Group. They also reflect an important aspect of the way in which operating targets are defined and performance is monitored by Barclays’ management. However, any non-IFRS performance measures in this presentation are not a substitute for IFRS measures and readers should consider the IFRS measures as well. Refer to the appendix of the Barclays PLC Results Announcement for each of the periods ended 31 December 2021, 30 June 2022, 30 September 2022, 31 December 2023, 30 September 2024, 31 December 2025, 31 March 2026, 30 June 2026 and 30 September 2026, and the Group Reporting Changes 2023 Results Resegmentation Document, respectively, which are available at Barclays.com, for further information and calculations of non-IFRS performance measures included throughout this presentation, and the most directly comparable IFRS measures. Forward-lookingstatements This document contains certain forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, and Section 27A of the US Securities Act of 1933, as amended, with respect to the Group. Barclays cautions readers that no forward-looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ materially from those contained in the forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as ‘may’, ‘will’, ‘seek’, ‘continue’, ‘aim’, ‘anticipate’, ‘target’, ‘projected’, ‘expect’, ‘estimate’, ‘intend’, ‘plan’, ‘goal’, ‘believe’, ‘achieve’ or other words of similar meaning. Forward-looking statements can be made in writing but also may be made verbally by directors, officers and employees of the Group (including during management presentations) in connection with this document. Examples of forward- looking statements include, among others, statements or guidance regarding or relating to the Group’s future financial position, business strategy, income levels, costs, assets and liabilities, impairment charges, provisions, capital leverage and other regulatory ratios, capital distributions (including policy on dividends and share buybacks), return on tangible equity, projected levels of growth in banking and financial markets, industry trends, any commitments and targets (including sustainability-related commitments and targets), plans and objectives for future operations, International Financial Reporting Standards (“IFRS”) and other statements that are not historical or current facts. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Forward-looking statements speak only as at the date on which they are made. Forward-looking statements may be affected by a number of factors, including, without limitation: changes in legislation, regulations, governmental and regulatory policies, expectations and actions, voluntary codes of practices and the interpretation thereof, changes in IFRS and other accounting standards, including practices with regard to the interpretation and application thereof and emerging and developing sustainability reporting standards (including emissions accounting methodologies); changes in tax laws and practice; the outcome of current and future legal proceedings and regulatory investigations; the Group’s ability along with governments and other stakeholders to measure, manage and mitigate the impacts of climate change effectively or navigate inconsistencies and conflicts in the manner in which climate policy is implemented in the regions where the Group operates, including as a result of the adoption of rules and regulations taking a different or opposing position on sustainability matters, or other forms of governmental and regulatory action against sustainability policies; environmental, social and geopolitical risks and incidents and similar events beyond the Group’s control; financial crime; the impact of competition in the banking and financial services industry; capital, liquidity, leverage and other regulatory rules and requirements applicable to past, current and future periods; UK, US, Eurozone and global macroeconomic and business conditions, including inflation; volatility in credit and capital markets; market related risks such as changes in interest rates and foreign exchange rates; reforms to benchmark interest rates and indices; higher or lower asset valuations; changes in credit ratings of any entity within the Group or any securities issued by it; changes in counterparty risk; changes in consumer behaviour; changes in trade policy, including the imposition of tariffs or other protectionist measures; the direct and indirect consequences of the conflicts in the Middle East and Ukraine on European and global macroeconomic conditions, political stability and financial markets; changes in US legislation and policy; developments in the UK’s relationship with the European Union; the risk of cyberattacks, information or security breaches, technology failures or operational disruptions and any subsequent impact on the Group’s reputation, business or operations; the use of new technology, including artificial intelligence; the Group’s ability to access funding; and the success of acquisitions, disposals, joint ventures and other strategic transactions. A number of these factors are beyond the Group’s control. As a result, the Group’s actual financial position, results, financial and non-financial metrics or performance measures or its ability to meet commitments and targets may differ materially from the statements or guidance set forth in the Group’s forward-looking statements. In setting its targets and outlook for the period 2026-2028, Barclays has made certain assumptions about the macroeconomic environment, including, without limitation, inflation, interest and unemployment rates, the different markets and competitive conditions in which Barclays operates, and its ability to grow certain businesses and achieve costs savings and other structural actions. Additional risks and factors which may impact the Group’s future financial condition and performance are identified in Barclays PLC’s filings with the US Securities and Exchange Commission (“SEC”) (including, without limitation, Barclays PLC’s Annual Report on Form 20-F for the financial year ended 31 December 2025), which are available on the SEC’s website at www.sec.gov. Subject to Barclays PLC's obligations under the applicable laws and regulations of any relevant jurisdiction (including, without limitation, the UK and the US) in relation to disclosure and ongoing information, we undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.