Total Revenue

+7% YoY [N/A]

The increased Total Revenue of $2.68 billion reflects an overall recovery driven by improved loan yields (for instance, a rise from 6.12% to 6.83% seen in earlier Q1 periods) and stronger underlying interest income. This growth builds on earlier periods where pressures such as a decreased net interest margin (from 2.99% to 2.58% in Q1 2024 " " ) and elevated credit loss provisions (notably a jump from $0.3 million to $2.3 million, then to $14.5 million in Q1 2025 " " " ) challenged revenue generation.

Core Banking Revenues

+5% YoY [N/A]

Core Banking Revenues at $1.8 billion increased despite the compressed margins observed in previous periods (with net interest margins falling from 2.99% in Q1 2023 to 2.58% in Q1 2024 and further to 2.35% in Q1 2025 " " " ). This growth is attributed to higher asset balances driving interest income and modest improvements in fee revenues, which altogether helped overcome the impact of rising funding costs and charge-offs reported in earlier Q1 analyses. " "

Wealth & Investment Management

+11% YoY [N/A]

The standout 11% improvement to $0.88 billion likely reflects strong performance in fee-based services and market-driven gains in asset values. Though previous period documents did not detail this segment, the marked increase suggests that favorable market conditions and enhanced client service capabilities bolstered this area compared to a period of less emphasis or weaker performance.

Domestic Revenue

+3% YoY [N/A]

Domestic revenue reaching $2.3 billion shows modest growth that may be linked to stable local lending and deposit trends, building on earlier gains in asset quality and local market dynamics, even as overall interest margins experienced challenges in prior quarters [N/A].

International Revenue

–8% YoY [N/A]

The decline to $380 million (–8% YoY) in International revenue suggests that external pressures such as adverse global market conditions or heightened competitive and regulatory challenges abroad weakened performance relative to domestic operations, a contrast to the stable or improving trends seen locally in previous periods [N/A].