PROGRESSIVE: Secure Trust Bank- On track to meet FY26 PBT consensus and FY28 targets.
Research on Secure Trust Bank Plc (STB:LON) from Progressive Equity Research
STB’s Q326 trading update confirms that it is on track to meet both FY26 PBT consensus and FY28 medium-term targets of c.10% loan growth per annum, and a Return on Average Equity (ROAE) of above 16%. The second tranche of the £10m buyback programme has been completed. STB’s strong capital position and prospective capital generation provides options for growth. Loan growth of 6.4% YTD (9.5% year-on-year) was achieved despite a softening in the asset-backed lending business. Customer deposits remained stable and credit performance has remained robust.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.
