<div id="readability-page-1"><div id="ctl00_CPI_dvBody"><div><div><p>Add <img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png"/> as your preferred news source on Google</p><div><p><img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png"/> Add Now</p></div></div></div><p> British lending major HSBC Holdings Plc (HSBC,HSBA.L,0005.HK) reported Tuesday lower pre-tax profit in first quarter, while net profit increased from last year, amid higher revenues. Further, the firm raised banking net interest income or NII outlook for fiscal 2026.</p><p>In Hong Kong, the shares were losing around 1.4 percent, trading at HK$141.400.</p><p>In the first quarter, profit before tax was $9.38 billion, lower than $9.48 billion last year, reflecting higher expected credit losses and other credit impairment charges, among others.</p><p>Profit attributable to ordinary shareholders of the parent company edged up to $6.938 billion from $6.932 billion a year earlier. Earnings per share increased to $0.40 from $0.39 in the prior year.</p><p>Adjusted basic earnings per share were $0.44, compared to $0.39 last year.</p><p>Revenue increased 6 percent from last year to $18.6 billion, primarily reflecting strong growth in Wealth fees and other income in International Wealth and Premier Banking and Hong Kong <span>business</span> segments, supported by higher customer activity.</p><p>Net interest income grew 8 percent to $8.95 billion from last year's $8.30 billion. Net interest margin of 1.60 percent was 1 basis points higher compared with prior year.</p><p>Further, the Board has approved a first interim dividend for 2026 of $0.10 per share, payable on June 26 to holders of record on May 15.</p><p>Looking ahead for fiscal 2026, the company now expects banking NII of around $46 billion, higher than previous view of at least $45 billion, reflecting an improved interest rate outlook, while recognising the outlook remains volatile and uncertain.</p><p>Amid the conflict in the Middle East, and due to higher oil prices, rising inflation, a material slowdown in GDP, rising unemployment and market disruption, the company said it could expect a mid-to-high single digit percentage adverse impact on profit before tax.</p><p>The company continues to expect a RoTE of 17 percent or better for 2026, 2027 and 2028, excluding notable items.</p><p>For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. </p><p>For comments and feedback contact: editorial@rttnews.com</p><p>Business News</p></div></div>

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<p>HSBC Holdings Plc reported a drop in Q1 pre-tax profit to $9.38 billion, down from $9.48 billion last year, despite a slight increase in net profit to $6.938 billion. Revenue rose 6% to $18.6 billion, driven by growth in Wealth fees and net interest income, which increased 8% to $8.95 billion. The bank raised its fiscal 2026 banking net interest income outlook to around $46 billion. A first interim dividend of $0.10 per share was approved, payable on June 26. The company anticipates a mid-to-high single digit adverse impact on profit due to economic uncertainties.</p>

- HSBC Holdings Plc reported a decrease in pre-tax profit for Q1, totaling $9.38 billion, down from $9.48 billion last year, mainly due to higher expected credit losses.  
- However, net profit attributable to ordinary shareholders rose slightly to $6.938 billion, and revenue increased by 6 percent to $18.6 billion, driven by growth in Wealth fees and customer activity in Hong Kong.  
- The firm raised its banking net interest income outlook for fiscal 2026 to around $46 billion, while acknowledging potential adverse impacts from global economic challenges.

HSBC Q1 Pre-tax Profit Drops, Lifts FY26 Banking NII View