UK's Secure Trust Bank 2025 net lending rises 8.1%, launches £10 mln buyback

Secure Trust Bank

12/03/2026 07:08

Overview

UK specialist bank's 2025 net lending grew 8.1%, cost income ratio improved

Pretax profit from continuing operations was stable at £59.3 mln

Company to launch £10 mln share buyback, raised total dividend

Outlook

Secure Trust Bank sees 2026 net lending growth of 8-10%

Company expects 2026 cost income ratio around 47%

Secure Trust Bank aims for CET 1 ratio of about 13.5% in 2026

Result Drivers

NEW BUSINESS LENDING - Growth in net lending balances driven by strong levels of new business in Retail and Business Finance divisions

COST MANAGEMENT - Improved cost income ratio attributed to income growth and operational efficiencies from Project Fusion

VEHICLE FINANCE EXIT - Sale of Consumer Vehicle Finance business released capital and simplified group structure

Company press release: ID:nRSL3086Wa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Core Pretax Profit
GBP 51.60 mln
FY Net Interest Margin
4.70%
FY Pretax Profit
GBP 59.30 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Secure Trust Bank PLC is GBp1,872.50, about 32.8% above its March 11 closing price of GBp1,410.00

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 4 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)