Management remarks
Call period: 2026 Q3 · 2026-08-25
Guidance: L. Thomson: We expect to continue to improve the return on equity and close the gap with peers through a steady improvement in our business mix, fee income growth and ongoing productivity gains.Demand and orders: L. Thomson: Credit card balances were up 3% quarter-over-quarter, and we continue to expect that to further improve by the end of the year, helped by growing purchase volumes, which are underscoring the improving quality of our book.Margins: Rajagopal Viswanathan: Net interest margin expanded for the fifth consecutive quarter, up 2 basis points sequentially, driven by an increase in both loan and deposit margins.Analyst Q&A
Analyst Gabriel Dechaine asked: Just sticking with international. On the -- you mentioned some conversion of portfolios from standardized to AIRB and that's going to reduce your core Tier 1 by 15 basis points. Just wondering why that is. Typically, it goes the other way. And is this a kind of a one and done? Management Rajagopal Viswanathan answered: So I expected to add a level of conservatism to the modeled outputs, and that's why it results in a 15 basis point increase in our capital requirements. Obviously, there will be some near-term impact to the ROE in the International Banking business because the denominator is going to increase next quarter, but it's pretty much done. And afterwards, we should see -- our portfolio is growing in line with our new risk appetite, the way Francisco is laying out this business for growth.管理层陈述
电话会期间：2026 Q3 · 2026-08-25
指引：我们预计将通过持续优化业务结构、实现手续费收入增长以及持续提升运营效率，持续改善股本回报率，并缩小与同行的差距。需求与订单：信用卡余额环比增长3%，在日益增长的交易金额（凸显了我们信贷资产质量的改善）的推动下，我们预计到年底这一趋势将进一步向好。利润率：净息差已连续五个季度扩大，环比上升2个基点，主要受贷款和存款利差扩大推动。分析师问答
分析师加布里埃尔·德尚提问：你们提及部分投资组合从标准法转为内部评级高级法（AIRB），这将使核心一级资本减少15个基点，想知道为何会反向变动？这是否属于一次性调整？ 管理层拉贾戈帕尔·维斯瓦纳坦回应：这是因为我们对建模输出提高了保守程度，导致资本要求上升15个基点。国际银行业务的股本回报率（ROE）下个季度将因分母扩大受到短期影响，但该调整基本已完成，此后投资组合将按弗朗西斯科规划的新风险偏好增长。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
