Company: BCS
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0001654954-25-004815
Chunk: 15

Company: BARCLAYS PLC
Filing Date: 2025-04-30
Form: 6-K
Chunk 15
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.3 |           20.3 |
| Risk weighted assets                              |               25.6 |           26.8 |           23.9 |
| Period end allocated tangible equity              |                3.5 |            3.7 |            3.3 |

USCB delivered a RoTE of 4.5% (Q124: 5.3%) , as income improvement and broadly stable delinquencies were offset by higher costs and the inclusion of a post model adjustment for elevated US macroeconomic uncertainty.

#### Income statement - Q125 compared to Q124
#### ●

#### Profit before tax was £55m (Q124: £59m)
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Total income increased 1% to £864m, as underlying business growth was offset by the non-repeat of a gain on sale and foregone interest income from $1.1bn receivables sold to Blackstone in Q124. NII reduced 1% to £678m reflecting margin compression from the lower interest rate environment. Net fee, commission and other income increased 9% to £186m driven by account and purchase growth as well as benefits from interest rate hedges which offset the margin compression in NII

#### ●

Total operating expenses increased 5% to £410m, driven by business growth and inflation, partially offset by efficiency savings

●

Credit impairment charges were £399m (Q124: £410m ), including a post model adjustment of £38m for elevated US macroeconomic uncertainty, with broadly stable delinquencies in US cards. US cards 30 and 90 day arrears were 3.0% 1 (Q124: 3.1%) and 1.6% 1 (Q124: 1.7%) respectively. The USCB total coverage ratio was 12.0% (December 2024: 11.4%)

**Balance sheet - 31 March 2025 compared to 31 December 2024

●**

Loans and advances to customers at amortised cost reduced to £18.8bn (December 2024: £20.0bn), reflecting a decrease in receivables due to seasonality and the strengthening of GBP against USD

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Customer deposits at amortised cost increased to £23.8bn (December 2024: £23.3bn) , with growth in underlying retail savings which is in line with USCB's ambition to grow core deposits, partially offset by the strengthening