UBS Reports Strong Q1 Profit as Integration of Credit Suisse Nears Completion

The Zürich-based bank posted a net profit of $2.1 billion for the first quarter, ahead of analyst expectations, as it confirmed the Credit Suisse integration will be substantially complete by year-end.

UBS reported first-quarter net profit of $2.1 billion on Tuesday, beating analyst consensus estimates of $1.85 billion and marking the strongest quarterly result since the acquisition of Credit Suisse in 2023.

CEO Sergio Ermotti told analysts the integration of the former rival bank was "on track and ahead of schedule in several areas," and confirmed that the combined entity would operate under a single technology platform by the end of 2026.

Wealth management inflows were particularly strong, with $32 billion in net new assets recorded in the quarter. The bank's Swiss domestic business also performed ahead of expectations, driven by mortgage lending and SME financing activity.