Monitor next quarter's Pillar 3 report for further CET1 ratio evolution and progress on the $3bn share repurchase program; the bank's capital position remains strong with a CET1 ratio of 14.38% and no binding output floor constraint.
Price Chart
Executive Summary
UBS filed its 30 June 2026 Pillar 3 Report, a routine regulatory capital disclosure. CET1 ratio declined to 14.38% (from 14.65% in Q1 2026) as a $3.0bn capital reserve for future share repurchases and dividend accruals offset operating profit. The bank continues a $3bn share repurchase program through Q2 2027, with at least $1bn planned over the next three months. Capital and liquidity metrics remain well above regulatory requirements.
Key Facts
- CET1 capital decreased by $0.8bn to $72.5bn; CET1 ratio fell to 14.38% from 14.65%
- Tier 1 capital decreased by $1.0bn to $96.0bn; Tier 1 ratio fell to 19.05% from 19.38%
- RWA increased by $3.6bn to $503.9bn, driven by asset size and market risk in Group Treasury and Investment Bank
- Leverage ratio decreased to 5.82% from 5.86%; LCR was largely unchanged at 177.3%
- TLAC available decreased by $3.9bn to $193.6bn, primarily due to redemptions of TLAC-eligible senior unsecured debt
- UBS completed its latest share repurchase program in July 2026 and continues a $3bn program through Q2 2027
- Output floor (65%) is not binding; actual RWA of $503.9bn exceeds the floor-adjusted base of $475.0bn
Financial Impact
No material financial impact; capital ratios remain strong with CET1 at 14.38% vs. ~10.8% going-concern requirement. Share repurchase plan of $3bn provides modest capital return visibility.
Risk Factors
- Further increases in RWA, particularly from market risk in Group Treasury, could pressure capital ratios
- Deliberations by Swiss Parliament on capitalization of foreign subsidiaries may impact capital planning and share repurchase pace
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001610520-26-000104 |
| Document: 0001610520-26-000104-index-headers.html | 0001610520-26-000104 |
| Document: 0001610520-26-000104-index.html | 0001610520-26-000104 |
| Document: 0001610520-26-000104.txt | 0001610520-26-000104 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 7w ago | 6-K | $53.63 $52.99 | ▼ −1.19% | ▲ +0.80% | $47.78 (−10.92%) |
Jul 29, 2026 9w ago | 6-K | $51.80 $54.52 | ▲ +5.25% | ▲ +0.23% | $47.78 (−7.77%) |
Jul 29, 2026 9w ago | 6-K | $51.80 $54.52 | ▲ +5.25% | ▲ +0.23% | $47.78 (−7.77%) |
Jul 29, 2026 9w ago | 6-K | $51.80 $54.52 | ▲ +5.25% | ▲ +0.23% | $47.78 (−7.77%) |
Jul 29, 2026 9w ago | 6-K | $51.80 $54.52 | ▲ +5.25% | ▲ +0.23% | $47.78 (−7.77%) |
Jul 29, 2026 9w ago | 6-K | $51.80 $54.52 | ▲ +5.25% | ▲ +0.23% | $47.78 (−7.77%) |
May 5, 2026 21w ago | 13F-HR | $44.10 $48.16 | ▲ +9.21% | ▲ +4.25% | $47.78 (+8.33%) |
Apr 29, 2026 22w ago | 6-K | $42.72 $47.16 | ▲ +10.39% | ▲ +4.93% | $47.78 (+11.83%) |
Apr 22, 2026 23w ago | 6-K | $42.40 $45.56 | ▼ −7.45% | ▼ −4.29% | $47.78 (−12.68%) |
Mar 31, 2026 26w ago | 6-K | $38.09 $43.38 | ▲ +13.90% | ▲ +4.47% | $47.78 (+25.43%) |
US Market Status
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