NatWest (NWG) reported Q4 earnings Friday of 17.4 pence ($0.24) per basic share, up from 15.3 pence a year earlier.

Four analysts surveyed by FactSet expected 14.56 pence.

Revenue for the quarter that ended Dec. 31 was 4.32 billion pounds, up from 3.83 billion pounds a year earlier.

Four analysts surveyed by FactSet expected 4.19 billion pounds.

Shares of the British lender were down more than 1% in recent premarket activity Friday.