Societe Generale reported a group net income of EUR 4.6 billion for the first nine months of 2025, marking a 45% increase compared to the same period in 2024. The bank’s return on tangible equity (ROTE) reached 10.5%, surpassing its full-year target of approximately 9%.
Revenues for the group totaled EUR 20.5 billion during this period, reflecting an increase of 6.7% from the previous year when excluding asset disposals. This growth exceeded Societe Generale’s annual revenue target of over 3%. Operating costs were reduced by 2.2%, also outperforming the bank’s annual cost reduction goal.
The cost-to-income ratio improved significantly, dropping to 63.3% in the first nine months of the year, which is below the annual target of less than 65%. The cost of risk was contained at 25 basis points, at the lower end of Societe Generale’s guidance range for the year.
In the third quarter alone, revenues grew by 3% when excluding asset disposals and exceptional income from Q3 2024. The cost-to-income ratio further declined to 61%, with a cost of risk at 26 basis points. Group net income for Q3 was EUR 1.5 billion and ROTE stood at 10.7%.
At the end of September, Societe Generale’s Common Equity Tier One (CET1) ratio was reported at 13.7%, about 340 basis points above regulatory requirements.
The bank completed an additional share buy-back program worth EUR 1 billion on October 14, as part of its capital management strategy.
Societe Generale continued to simplify its business portfolio by finalizing sales of subsidiaries in Guinea Conakry and Mauritania.
Slawomir Krupa, Group Chief Executive Officer, stated: “We are releasing today a very good set of results, which are again driven by strong revenue growth and continued improvement in our operational efficiency and profitability. Quarter after quarter through the cycle, we continue to execute our strategic roadmap with discipline by maintaining a strong capital position, strict cost control and prudent risk management. The very good commercial and financial performance achieved over the first nine months of the year allow us to move forward with confidence to achieve all our annual objectives. This positive dynamic is based above all on the trust of our clients and the collective commitment of our teams. I would like to thank them warmly. We are approaching the coming months with rigour and determination to carry out our strategic plan, in line with our ambition to create sustainable value for all our stakeholders.”