Societe Generale Q1 Profit Beats Forecast 9%

Societe Generale posted Q1 2026 net profit €1.70 bn, beating consensus €1.55 bn by about 9%.
Operating expenses fell 6% YoY to €4.33 bn, improving cost‑to‑income ratio to 60.9% (57.6% IFRIC‑21 adjusted).
ROTE reached 11.7% (12.7% IFRIC‑21), while net banking income rose 0.3% to €7.11 bn and revenues grew 4.4%.
French Retail, Private Banking & Insurance net income surged 48.4% to €625 mn; Global Banking income fell 9.7% to €773 mn.