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Mar 31
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UBS Q1 2025 Earnings Report

U.S. Bancorp reported solid financial results in Q1 2025, with increased net income, stable revenue, and enhanced capital metrics.

Key Takeaways

In Q1 2025, U.S. Bancorp achieved $1.71 billion in net income on $6.96 billion in revenue, supported by modest loan growth and improved operating efficiency. The company maintained its strong capital position with a CET1 ratio of 10.8%.

Reported EPS of $1.03 and adjusted EPS of $1.07, reflecting strong profitability.

Revenue held steady at $6.96 billion, driven by growth in noninterest income.

Net income reached $1.71 billion, up from $1.32 billion in Q1 2024.

CET1 capital ratio improved to 10.8%, underscoring financial strength.

Total Revenue
CHF 6.19B
Previous year: CHF 12.7B
-51.4%
EPS
CHF 0.952
Previous year: CHF 0.52
+83.1%
ROA
1.04%
Previous year: 0.81%
+28.4%
ROE
12.3%
Previous year: 10%
+23.0%
Net Interest Margin
2.72%
Previous year: 2.7%
+0.7%
Total Assets
CHF 602B
Previous year: CHF 1.45T
-58.4%

UBS

UBS

UBS Revenue by Segment

Forward Guidance

Management expressed confidence in continued earnings strength, guided by prudent risk controls and stable loan demand, despite economic uncertainties.

Positive Outlook

  • Stable NIM expected from asset mix and repricing
  • Robust payments volume supports fee income growth
  • Continued positive operating leverage outlook
  • Well-capitalized with CET1 at 10.8%
  • Expense control continues via operational efficiency

Challenges Ahead

  • Potential headwinds from deposit mix and pricing
  • Slower loan growth in commercial real estate
  • Credit costs remain sensitive to economic shifts
  • Consumer segment seeing pressure on fees
  • Seasonality may affect certain revenue categories