On track to meet FY26 PBT consensus and FY28 targets.
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.
