---
title: "Barclays reported a 7% decline in quarterly earnings and announced a £500 million buyback, surprising the market"
description: "Barclays announced its third-quarter results, with pre-tax profit declining 7% year-on-year to £2.077 billion, below the market expectation of £2 billion. Due to the auto financing scandal, the bank m"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/262173174.md"
published_at: "2025-10-22T06:44:06.000Z"
---

# Barclays reported a 7% decline in quarterly earnings and announced a £500 million buyback, surprising the market

> Barclays announced its third-quarter results, with pre-tax profit declining 7% year-on-year to £2.077 billion, below the market expectation of £2 billion. Due to the auto financing scandal, the bank made an additional provision of £235 million, bringing the total provision to £325 million. Despite a 9% year-on-year increase in revenue to £7.167 billion, credit impairment charges rose 69% to £632 million. The bank unexpectedly announced a £500 million share buyback and plans to report on the buyback situation quarterly. The bank's target for tangible equity return this year has been raised to over 11%

Barclays Bank of the UK announced its third-quarter results. The quarterly pre-tax profit fell 7% year-on-year to £2.077 billion, with market expectations at £2 billion. The bank further set aside £235 million for the UK car financing scandal, bringing the total provisions to £325 million. The bank also disclosed a credit impairment of £110 million related to a single investment banking client. During the period, revenue increased 9% year-on-year to £7.167 billion, while credit impairment expenses rose 69% year-on-year to £632 million.

The bank announced a £500 million share buyback, which surprised the market, and plans to disclose buyback details each quarter. The bank's target for tangible equity return this year has been raised from around 11% to over 11%, benefiting from revenue exceeding expectations and a faster-than-expected cost-saving plan

### Related Stocks

- [BCS.US - Barclays](https://longbridge.com/en/quote/BCS.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Barclays PLC (NYSE:BCS) Receives Consensus Recommendation of "Moderate Buy" from Brokerages | Barclays PLC (NYSE:BCS) has received a consensus recommendation of "Moderate Buy" from six brokerages. Two analysts rate | [Link](https://longbridge.com/en/news/272030280.md) |
| NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports | British bank NatWest Group is nearing a £2.5 billion ($3.4 billion) acquisition of Evelyn Partners, a major wealth manag | [Link](https://longbridge.com/en/news/275200654.md) |
| Brazil's Copasa says bookrunners tapped for potential privatization share offering | Companhia de Saneamento de Minas Gerais Copasa MG :BTG PACTUAL, ITAU BBA, BOFA, CITI AND UBS BB TAPPED AS BOOKRUNNERS OF | [Link](https://longbridge.com/en/news/276494934.md) |
| BlackBarn, VR Global Partners raise stake in Brazil's Azul | Azul (AZUL53.SA):BLACKBARN REACHED 8.1% STAKE IN AZUL'S COMMON SHARES - FILINGBRAZIL'S AZUL: VR GLOBAL PARTNERS REACHED  | [Link](https://longbridge.com/en/news/276493947.md) |
| Clean Harbors Insiders Cash In With Major Stock Moves | Recent insider activity at Clean Harbors (CLH) on February 20, 2026, saw top executives selling significant amounts of s | [Link](https://longbridge.com/en/news/276503134.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.