Secure Trust Bank Plc · LSE:STB
Secure Trust Bank — FY2025 Earnings Presentation
35 slides from Secure Trust Bank's earnings presentation, 2026
Slide 1: 2025 Annual Results
2025 Annual Results Helping more consumers and businesses fulfil their ambitions
Slide 2: Reporting basis
Overview Financial Review Strategic Review and Outlook Appendices Reporting basis Throughout this document reference is made to continuing results and continuing Direct costs centrally managed have been allocated between continuing and adjusted results, which exclude exceptional items as reported in
Slide 3: Contents
Overview Financial Review Strategic Review and Outlook Appendices Contents 2025 Overview Financial Review Strategic Review and Outlook Appendices Secure Trust Bank PLC 2025 Annual Results 3
Slide 4: Overview: Foundations set for higher returns
Overview Financial Review Strategic Review and Outlook Appendices Overview Foundations set for higher returns Ian Corfield Chief Executive Officer Secure Trust Bank PLC 2025 Annual Results 4
Slide 5: Strategic execution sets foundations for higher returns
Overview Financial Review Strategic Review and Outlook Appendices Strategic execution sets foundations for higher returns Return on average Simplified business Increased lending equity 14.3% model will allow for balances in continuing more predictable returns divisions sets clear growth trajectory S
Slide 6: Group overview
Overview Financial Review Strategic Review and Outlook Appendices Group overview Consumer Finance Business Finance Savings Discontinued Business units and brands Balances FY 2025 £1,467m £1,467m £362m £3,510m £391m 1-year growth +8.0% +9.4% +3.2% +8.2% Secure Trust Bank PLC 2025 Annual Results 6
Slide 7: 2025 Performance highlights
Overview Financial Review Strategic Review and Outlook Appendices 2025 Performance highlights Profit before tax of £59.3m Loans and advances to customers Retail deposits Net interest margin (NIM) Risk adjusted margin (RAM) £3.3bn + 8.1% on FY 2024 £3.5bn + 8.2% on FY 2024 4.7% Stable on FY 2024 4.2%
Slide 8: Key Performance Indicators
Overview Financial Review Strategic Review and Outlook Appendices Key Performance Indicators Loans and advances £bn Net interest margin % Cost income ratio* % ROAE* % CET1 Ratio % 3.3 4.7 4.7 51.5 15.0 12.9 3.1 14.3 12.7 2.8 12.3 4.6 10.6 46.4 45.2 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 FY23 F
Slide 9: Financial Review
Overview Financial Review Strategic Review and Outlook Appendices Financial Review Rachel Lawrence Chief Financial Officer Secure Trust Bank PLC 2025 Annual Results 9
Slide 10: Income statement
Overview Financial Review Strategic Review and Outlook Appendices Income statement Return on average equity 14.3% £m FY 2025 FY 2024 Change Return on average equity* 14.3% (2024: 15.0%), in line with mid-teen ROAE Net interest income 151.1 137.3 10.1% ambition Net fee income and commission 14.1 18.2
Slide 11: Net interest margin
Overview Financial Review Strategic Review and Outlook Appendices Net interest margin Stable NIM at 4.7% NIM by segment %* NIM stable at 4.7% reflects effective cost of funds management and asset pricing discipline 8.0% 7.0% • Retail Finance NIM increased by 10bps due to contracutal re-pricing lag d
Slide 12: Operating expenses
Overview Financial Review Strategic Review and Outlook Appendices Operating expenses Cost income ratio* (CiR) improvement of 120 bps to 45.2% Cost income ratio* • Lending growth increases operating income by 6.2%; cost base growth at 3.5%, with +3.5% £72.2m £74.7m inflationary pressure on operating
Slide 13: Impairment charges and provisions
Overview Financial Review Strategic Review and Outlook Appendices Impairment charges and provisions Cost of risk at 1.0% Cost of risk and coverage ratio Cost of risk bridge IFRS9 provision movement £m 2.0% 1.2% 80 1.1% 70 1.5% 1.4% 1.4% 0.5 1.5% 60 2.5 1.0% (14.9) 50 13.9 1.1% 0.2% 1.0% 0.9% 1.0% 0.
Slide 14: Provisioning for Vehicle Finance commissions
Overview Financial Review Strategic Review and Outlook Appendices Provisioning for Vehicle Finance commissions Additional £16.4 million provision booked in 2025 Event timeline Oct 2025 Dec 2025 Mar 2026 May 2026 FCA published consultation paper on Consultation period closed; FCA expected to provide
Slide 15: Summary balance sheet
Overview Financial Review Strategic Review and Outlook Appendices Summary balance sheet Increase in tangible book value per share of 5.8% to £19.73 £m FY 2025 FY 2024 Change Cash and BoE reserve account 528.1 445.0 18.7% • Cash balances increased year on year reflecting a £45.8 million cash Loan and
Slide 16: Loans and advances to customers
Overview Financial Review Strategic Review and Outlook Appendices Loans and advances to customers Increased by 8.1% to £3.3bn Loans and advances to customers £bn Lending Mix 3.5 +3.2% 3.4 56% +9.4% (FY24 55%) 0.0 3.3 +8.0% 0.1 £3.3bn 3.2 (FY24 £3.1bn) 0.1 £3.3bn 3.1 44% (FY24 45%) £3.1bn 3.0 Consume
Slide 17: Capital
Overview Financial Review Strategic Review and Outlook Appendices Capital Capital accretion in 2025 CET 1 ratio movement CET 1 ratio increased by 60bps to 12.9% 14.0% 13.5% (0.7%) 0.1% • Capital required to support lending growth funded by 1) reduction in RWAs due to run 13.0% 1.3% (0.2%) 0.1% off o
Slide 18: Funding and liquidity
Overview Financial Review Strategic Review and Outlook Appendices Funding and liquidity Increased funding at low cost supports lending growth Deposits from customers Funding FY 2025 FY 2024 • Customer deposits increased 8.2% on 2024 to support growth in lending book; Term Term deposits ISA Term depo
Slide 19: Segmental information
Overview Financial Review Strategic Review and Outlook Appendices Segmental information Business unit profitability reflects income growth and effective cost control £m Retail Finance Real Estate Finance Commercial Finance Central Total FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024 FY 2025 FY 2024
Slide 20: Strategic decision on Vehicle Finance
Overview Financial Review Strategic Review and Outlook Appendices Strategic decision on Vehicle Finance Focus on profitable, higher returning continuing divisions Income statement Exit of Vehicle Finance • In July 2025, the Group announced it had stopped new lending within Vehicle £m Continuing Tota
Slide 21: Strategic review and outlook
Overview Financial Review Strategic Review and Outlook Appendices Strategic review and outlook Ian Corfield Chief Executive Officer Secure Trust Bank PLC 2025 Annual Results 21
Slide 22: Continued progress against 2025 strategic priorities
Overview Financial Review Strategic Review and Outlook Appendices Continued progress against 2025 strategic priorities Simplify Enhance customer experience Leverage networks • Accelerated exit from Vehicle Finance further simplifies • 90% of Retail Finance applications auto-decisioned in 6 • Strong
Slide 23: Foundations set for growth and returns
Overview Financial Review Strategic Review and Outlook Appendices Foundations set for growth and returns Strategic considerations and 2026 outlook Return on average equity 14.3% • Group has simplified and refocused strategy towards higher returning continuing divisions • Accelerated exit from Vehicl
Slide 24: Secure Trust Bank PLC 2025 Annual Results
Overview Financial Review Strategic Review and Outlook Appendices Secure Trust Bank PLC 2025 Annual Results 24
Slide 25: Appendices
Overview Financial Review Strategic Review and Outlook Appendices Appendices Secure Trust Bank PLC 2025 Annual Results 25
Slide 26: Retail Finance
Overview Financial Review Strategic Review and Outlook Appendices Retail Finance We provide quick and easy finance options at the point of purchase Income statement Highlights £m FY 2025 FY 2024 % Change • Increase in profit before tax of 14.0% to £57.7 million Net interest income 97.5 86.8 12.3% •
Slide 27: Real Estate Finance
Overview Financial Review Strategic Review and Outlook Appendices Real Estate Finance We lend money against residential properties to professional landlords and property developers. Income statement Highlights £m FY 2025 FY 2024 % Change • Net lending growth of 9.4% in FY 2025, even in subdued const
Slide 28: Commercial Finance
Overview Financial Review Strategic Review and Outlook Appendices Commercial Finance Supporting the growth of UK businesses by providing flexible, asset-based financing solutions Income statement Highlights £m FY 2025 FY 2024 % Change • Lower fee income due to lower termination fees compared to 2024
Slide 29: Savings
Overview Financial Review Strategic Review and Outlook Appendices Savings We look after our customers’ savings and provide a competitive return Highlights • 8.2% increase in deposit balances to £3.5bn • Raised c. £1.8 billion of new funds and retained 78.1% of maturing fixed term deposits • 78.1% of
Slide 30: Reconciliation of adjusted results 2025
Overview Financial Review Strategic Review and Outlook Appendices Reconciliation of adjusted results To the Annual Report and Accounts for the year ended 31 December 2025 Discontinued Adjusted Continuing Adjusted Discontinued Adjusted Total Continuing Exceptional Total Exceptional Items FY 2025 FY 2
Slide 31: Reconciliation of adjusted results 2024
Overview Financial Review Strategic Review and Outlook Appendices Reconciliation of adjusted results to the Annual Report and Accounts for the year ended 31 December 2024 Continuing Discontinued Adjusted Continuing Adjusted Discontinued Adjusted Total Total Exceptional Items Exceptional Items FY 202
Slide 32: IFRS9
Overview Financial Review Strategic Review and Outlook Appendices IFRS9 Economic Scenarios and Weightings • An increase in Upside, Base and Severe peak unemployment rates, and the downside has remained stable, resulting in a weighted average peak 31 Dec 2025 31 Dec 2025 31 Dec 2024 31 Dec 2024 31 De
Slide 33: Glossary
Overview Financial Review Strategic Review and Outlook Appendices Glossary NIM Net interest margin COF Cost of funds NRM Net revenue margin RAM Risk adjusted margin CiR Cost to income ratio CoR Cost of risk ROAE Return on average equity CET1 Common Equity Tier 1 EPS Earnings per share RWA Risk weigh
Slide 34: Important Notice
Important The basis of this presentation: Forward looking statements: This presentation has been prepared by Secure Trust This presentation contains forward-looking statements Bank PLC (STB) solely for information. It is not an offer or about the business, strategy and plans of STB and its Notice so
Slide 35: Helping more consumers and businesses fulfil their ambitions
Helping more consumers and businesses fulfil their ambitions securetrustbank.com/investor-relations