HSBC Delivers Stable Performance Under New Structure
London-based HSBC delivered stable revenue in the first quarter of 2025 with noteworthy contributions from the wealth, Hong Kong and institutional banking business segments.
HSBC posted $7.6 billion in profit after tax in the first quarter of 2025, according to the bank’s financial result. This was $3.2 billion lower compared to same period last year due to a $3.7 billion one-off impact related to the disposal of the bank’s businesses in Canada and Argentina.
Revenues fell 15 percent to $17.6 billion, once again because of the impact of business disposals. Excluding the notable items, revenue on a constant currency basis rose 7 percent to $17.7 billion. This included strong performance from the wealth and Hong Kong businesses as well as in FX and debt and equity markets within the corporate and institutional banking segment.
Operating expenses were flat at $8.1 billion with growth from higher spending and investments in technology, the impact of inflation, restructuring and other related costs associated with reorganization being offset by the impact of business disposals.
Dividends, Buybacks
As a result, HSBC has approved a first interim dividend of $0.10 per share. And after completing a $2 billion share buyback on April 25, the bank now intends to initiate another round of buybacks of up to $3 billion. This is expected to commence shortly after the annual general meeting on May 2 and be completed before the 2025 interim results announcement.
«Our strong results this quarter demonstrate momentum in our earnings, discipline in the execution of our strategy and confidence in our ability to deliver our targets. We continue to support our customers through this period of economic uncertainty and market unpredictability, which we enter from a position of financial strength,» commented HSBC group CEO Georges Elhedery.
