Secure Trust Bank Plc · LSE:STB
Secure Trust Bank — H1 2026 Earnings Presentation
39 slides from Secure Trust Bank's earnings presentation, 2026
Slide 1: Interim Results: Strong H1 performance; on track for 2026 guidance
2026 Interim Results Strong H1 performance; on track for 2026 guidance
Slide 2: Reporting basis
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Reporting basis Throughout this document reference is made to continuing results and adjusted continuing results, which exclude non-recurring costs as reported in the Interim Report for the six months en
Slide 3: Contents
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Contents Key Highlights - Ian Corfield, CEO Financial Review - Rachel Lawrence, CFO H2 Outlook - Ian Corfield, CEO Appendices 3
Slide 4: Key Highlights
Key Highlights Ian Corfield Chief Executive Officer
Slide 5: Secure Trust Bank offers value to investors
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Secure Trust Bank offers value to investors Large, scalable Operating leverage Growth and cost Now operating Strong capital markets with to support 35- benefits provide at a structurally position with £1
Slide 6: Strong H1 performance, on track for 2026 guidance and medium-term targets
Key Highlights Financial Review Strategic H2 Review Outlook and Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Growth, profitability and return on required equity on track Strong H1 performance Vehicle Finance exit fully completed On track for 2026 guidance and medium-term targets New
Slide 7: Group overview
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Group overview Simplified Group structure c. £10bn c.1.3m £1.5bn c. £90bn c.300 £1.9bn c. £2.1tn c.77k £3.2bn Addressable market Customers Lending balances Addressable market Customers Lending balances A
Slide 8: Strategic priorities and medium-term targets
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Strategic priorities and medium-term targets Targeted growth for higher returns Product expansion Effective digital solutions Capital discipline 2028 medium-term targets c.10% Annual lending growth >16%
Slide 9: Clear path to higher returns: >16% ROAE
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Clear path to higher returns FY 2028 > 16% ROAE Operating leverage and lower marginal cost supports positive jaws and a 35-40% cost income ratio ambition Stable risk weighted asset mix for sustainable re
Slide 10: Interim 2026 performance highlights
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Interim 2026 performance highlights Adjusted profit before tax increased 9.4% to £31.3m1 Disciplined balance Higher profitability with Delivering value sheet growth disciplined risk management to shareho
Slide 11: Delivering against strategic priorities
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Delivering against strategic priorities Product expansion Effective digital solutions Capital discipline Diversifying product suite to enable Flexible technology to drive efficiencies Decisions made in l
Slide 12: Financial Review
Financial Review Rachel Lawrence Chief Financial Officer
Slide 13: Income statement
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Income statement Adjusted profit before tax1 increased 9.4% £m HY 2026 HY 2025 Change Adjusted profit before tax1 up 9.4% to £31.3 million (HY 2025: £28.6 million) Net interest income 78.8 73.0 7.9% Net
Slide 14: Net interest margin
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Net interest margin Stable NIM at 4.7% NIM by segment % HY25 HY26 NIM stable at 4.7% (HY 2025: 4.7%) • Retail Finance NIM 30 bps lower at 6.7% (HY 2025: 7.0%) due to repricing of retained high- volume co
Slide 15: Operating expenses
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Operating expenses Adjusted cost income ratio1 of 46.5% in line with guidance djusted operating expenses1 have increased 8.8% to £39.5 million (HY 2025: £36.3 million), A Adjusted operating expenses (£m)
Slide 16: Cost management progress
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Cost management progress Run rate savings already achieved represent 60% of £25 million target Strong progress against cost management programme Cost savings £m • Target to release £25 million of costs b
Slide 17: Impairment charges and provisions
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Impairment charges and provisions Cost of risk reduced to 0.9% Cost of risk and coverage ratio Cost of risk Coverage Ratio Cost of risk bridge IFRS9 provision movement £m 0.0% 2.0% 1.7 (2.9) (0.1%) 7.6 (
Slide 18: Summary balance sheet
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Summary balance sheet Tangible book value per share increased to £20.45 £m HY 2026 FY 2025 Change Cash and BoE reserve account 317.5 528.1 (39.9)% • Cash balances in HY 2026 normalised as the temporary u
Slide 19: Loans and advances to customers
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Loans and advances to customers Net lending increased 4.9% to £3.5 billion Loans and advances to customers £bn Lending Mix +5.3% +4.3% 0.1 0.1 Retail Finance Business Finance 44% £3.5bn 56% 3.5 (FY25 44%
Slide 20: Capital
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Capital Strong capital ratio following exit from Vehicle Finance supports growth and enhanced shareholder distributions CET 1 ratio movement CET 1 ratio increased by 140 bps to 14.3%, 130 bps above minim
Slide 21: Funding and liquidity
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Funding and liquidity Funding requirements reduced following completion of Vehicle Finance exit Deposits from customers Funding HY26 Deposits FY25 Deposits • Customer deposits comprise 92.1% of total fun
Slide 22: 2026 guidance on track
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results 2026 guidance on track FY 2026 guidance unchanged Net lending 8-10% growth RAM c. 10 bps improvement Costs Cost income ratio c. 47% Capital CET 1 ratio c. 13.5% Distributions Progressive dividend policy
Slide 23: H2 Outlook
H2 Outlook Ian Corfield Chief Executive Officer
Slide 24: 2026 outlook and priorities for H2 2026
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results 2026 outlook Priorities for H2 2026 Further £5 million share Delivery of next steps of cost 01 Drive growth through new and existing product pipeline 02 management programme and digital simplification 03
Slide 25: Secure Trust Bank offers clear value
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Secure Trust Bank offers clear value Large, scalable Operating leverage Growth and cost Now operating Strong capital markets with to support 35- benefits provide at a structurally position with £10m attr
Slide 26: Q&A
Slide 27: Appendices
Appendices SecureTrust Bank Group
Slide 28: Segmental information
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Segmental information £m Retail Finance Business Finance Central Total HY 2026 HY 2025 HY 2026 HY 2025 HY 2026 HY 2025 HY 2026 HY 2025 Net interest income 48.7 47.6 27.1 22.1 3.0 3.3 78.8 73.0 Net fee in
Slide 29: Discontinued operations
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Discontinued operations Exit of Vehicle Finance completed in H1 2026 Income statement (£m) Vehicle Finance Discontinued business on track to break even in 2026 HY26 HY25 • Sale of Consumer Vehicle Financ
Slide 30: Retail Finance
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Retail Finance We provide quick and easy digital finance options at the point of purchase Net lending balances (£m) NIM and RAM (%) NIM RAM Highlights: 6.8 6.9 7.0 6.7 £27.1m £751.9m c. 1.3m Adj. profit
Slide 31: Business Finance
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Business Finance We provide secured specialist lending solutions to property professionals and UK businesses Net lending balances (£m) NRM and RAM (%) NRM RAM Highlights: 3.3 £16.5m £314.3m c. 300 3.2 3.
Slide 32: Savings
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Savings We look after our customers’ savings and provide a competitive return Total deposits (£m) Total funds raised (£m) Highlights: £0.5bn £0.6bn c. 77k Funding raised Funds retained Customers 3,245 3,
Slide 33: Reconciliation of adjusted results (HY 2026)
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Reconciliation of adjusted results To the Annual Report and Accounts for the six months ended 30 June 2026 Adjusted Adjusted Continuing Discontinued £m Adjusted adjusting items2 Total Continuing Disconti
Slide 34: Reconciliation of adjusted results (HY 2025)
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Reconciliation of adjusted results To the Annual Report and Accounts for the six months ended 30 June 2025 Adjusted Adjusted Continuing Discontinued £m Adjusted adjusting Items2 Total Continuing Disconti
Slide 35: Returns metrics
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Returns metrics Continuing (adjusted)1 Continuing Total Group HY 2026 HY 2025 HY 2026 HY 2025 HY 2026 HY 2025 Profit after tax (A) 23.7 21.4 22.6 20.8 23.7 16.7 Average risk weighted assets (B) 2,539.8 2
Slide 36: IFRS9
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results IFRS9 Economic Scenarios and Weightings • An increase in peak unemployment rates in all scenarios resulting in a weighted average peak unemployment rate of 5.9% (FY 2025: 5.3%) 30 Jun 30 Jun 2026 31 Dec
Slide 37: Glossary
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Glossary CET 1 Common Equity Tier 1 CiR Cost income ratio CoR Cost of risk COF Cost of funds EPS Earnings per share NIM Net interest margin NRM Net revenue margin RAM Risk adjusted margin ROAE Return on
Slide 38: Important Notice
Key Highlights Financial Review H2 Outlook Appendices Secure Trust Bank PLC 2026 Interim Results Important The basis of this presentation: Forward looking statements: This presentation has been prepared by Secure Trust This presentation contains forward-looking statements Notice Bank PLC (STB) solel
Slide 39: securetrustbank.com/investor-relations
securetrustbank.com/investor-relations