From GlobeNewswire: 2025-04-30 00:25:00

In the first quarter of 2025, Societe Generale reported strong quarterly results, with revenues of EUR 7.1 billion, a 6.6% increase compared to Q1 24. The net income doubled to EUR 1,608 million, surpassing the 2025 targets. The cost-to-income ratio was at 65.0%, below the 2025 target of less than 66%.

The French Retail, Private Banking, and Insurance sectors saw a revenue increase of 14.1% in Q1 25, reaching EUR 2.3 billion. Global Banking and Investor Solutions reported a 10.0% revenue growth, driven by equities and financing. Mobility, International Retail Banking, and Financial Services’ revenues were slightly down due to disposals.

Operating expenses decreased by 7.6% in Q1 25 compared to Q1 24, with the cost-to-income ratio improving to 60.6%. The cost of risk was stable at 23 basis points, with provisions for non-performing loans up by 0.4%. Group net income increased by 22.8% to EUR 856 million in Q1 25.

Societe Generale maintained a strong capital and liquidity profile, with a CET1 ratio of 13.4% at the end of Q1 25, well above regulatory requirements. Liquidity Coverage Ratio was at 140%. The completion of asset disposals positively impacted the Group’s capital position in Q1 25.

The Group’s Chief Executive Officer, Slawomir Krupa, expressed satisfaction with the results, highlighting revenue growth across all businesses, decreased costs, and improved cost-to-income ratio. He emphasized disciplined execution, risk management, and strong capital position for achieving future targets. The Group is committed to sustainable and profitable growth.



Read more at GlobeNewswire:: Societe Generale: First quarter 2025 earnings