Société Générale Société anonyme (GLE) Earnings Call Transcripts
Société Générale Société anonyme's Latest Earnings Call - June 3, 2026
In the first quarter of 2026, Société Générale reported a revenue of €7.5 billion and earnings per share (EPS) of €1.25, reflecting a year-over-year revenue increase of 9%. The bank's cost-to-income ratio improved significantly, with management targeting a reduction to below 60% for the fiscal year. Management maintained a cautious outlook, citing stable asset quality and a focus on operational leverage, while signaling that NII growth may moderate in the coming quarters.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | €7.5B (beat) |
| EPS | €1.25 (beat) |
| Cost-to-Income Ratio | 60% (positive) |
| NII Growth | 10% (positive) |
| CET1 Ratio | 13% (neutral) |
| Net Income from BoursoBank | €92M (positive) |
Guidance from management
Management maintained a cautious outlook, signaling muted NII growth moving forward while aiming for a cost-to-income ratio below 60%. No changes to long-term targets were announced ahead of the Capital Markets Day in September.
What analysts pressed on
Analysts expressed concerns about the mixed performance in the markets division, particularly the significant decline in FIC revenues. There were also questions regarding the sustainability of NII growth in the retail banking segment amidst changing market conditions.
Main topics on the call
- Revenue Growth in Retail Banking — Société Générale's retail banking segment saw a 9% increase in revenue year-over-year, driven by a strong performance in net interest income (NII) and fees. CFO Leopoldo Alvear noted, "NII went up 10% basically year-on-y...
- Cost Management and Efficiency — The bank is on track to achieve a cost-to-income ratio below 60% this year, down from the mid-70s in 2023. Alvear stated, "We think we're well on track to do so," emphasizing the ongoing focus on operational leverage.
- Stable Asset Quality — Asset quality remains stable, with non-performing loans (NPLs) slightly down and a cost of risk at 25 basis points. Alvear remarked, "It's still early to see direct impacts nor on asset quality nor on the businesses," in...
- Mixed Performance in Markets Division — While equities experienced a record quarter with a 10% revenue increase, the fixed income and commodities (FIC) segment saw an 18% decline. Alvear explained that this disparity is due to geographical and product mix diff...
Read the full Société Générale Société anonyme transcript (June 3, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Société Générale Société anonyme
Société Générale Société anonyme (GLE) is a publicly listed company in the Banks industry, within the Financials sector. It trades on ENXTPA and is based in FR. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 74 calls on record spanning February 6, 2020 to September 22, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 74 Société Générale Société anonyme earnings call transcripts on record, spanning February 6, 2020 to September 22, 2026. Based on this history, Société Générale Société anonyme reports quarterly. The most recent call on file is dated September 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- GLE
- Exchange
- ENXTPA
- Country
- FR
- Sector
- Financials
- Industry
- Banks
- Calls on record
- 74
- First call
- February 6, 2020
- Most recent
- September 22, 2026
- Reporting cadence
- quarterly