05:51 AM EDT, 04/29/2025 (MT Newswires) -- HSBC Holdings ( HSBC ) reported Q1 earnings Tuesday of $0.39 per diluted share, down from $0.54 a year earlier.

Two analysts polled by FactSet expected $0.30.

Revenue for the quarter ended March 31 was $17.65 billion compared with $20.75 billion a year earlier.

Two analysts surveyed by FactSet expected $16.53 billion.

The company said it plans a share buyback of up to $3 billion, expected to begin shortly after its annual general meeting scheduled for May 2.

HSBC ( HSBC ) shares were up 1.6% in recent premarket activity.