Swiss giant UBS posts fourth-quarter profit beat, reveals up to $3 billion buyback
FEB 4 202512:58 AM EST
Switzerland’s largest lender UBS on Tuesday posted a fourth-quarter net profit beat against a company consensus estimate amid investment banking gains, as it launched an up to $3 billion share buyback across 2025.
The bank reported net profit attributable to shareholders of $770 million, compared with a $483 million estimate in a company-provided consensus estimate and with a mean forecast of $886.4 million in a LSEG poll of analysts.
Group revenue over the period hit $11.635 billion, versus analyst expectations of $11.64 billion in a LSEG analyst poll.
The bank also announced plans to repurchase $1 billion of shares in the first half of 2025, along with up to an additional $2 billion over the second half of this year — but caveated that this target is subject to the lender achieving its “financial targets and the absence of material and immediate changes to the current capital regime in Switzerland.”
The group further proposes a $0.90-per-share dividend for the 2024 financial year, up 29% year-on-year.
Other fourth-quarter highlights included:
Return on tangible equity hit 3.9%, compared with 7.3% over the third quarter.
CET 1 capital ratio, a measure of bank solvency, was 14.3%, unchanged from the third quarter.