HSBC reported a first-quarter 2026 pretax profit of approximately $9.4 billion. This result fell below the $9.5 billion recorded in the previous year. The bank missed analyst expectations despite growth in revenue, net interest income, and net fee income.
Expected credit losses and impairment charges surged 49% during the period. These provisions totaled $1.3 billion. A fraud-related exposure with a U.K. financial firm drove the increase in charges. Economic uncertainty linked to conflict in the Middle East further impacted the bottom line.
HSBC maintained its quarterly dividend at $0.10 per share.