Focus on Return on Required Equity

STB’s recent announcement of the second tranche of its £10 million share buyback programme provides confidence in its current capital position and future capital generation. We forecast a 13.4% FY26E CET1 ratio, climbing to 13.8% and 14.4% in FY27E and FY28E. Adjusting forecasts for a 13% required CET 1 ratio we forecast a Return on Required Equity – continuing businesses – adjusted, of 13.0% for FY26 rising to 15.4% in FY27, and 16.5% in FY28 providing options for capital redeployment and distribution.

Focus on Return on Required Equity

GLE, SPR, KIE, ALU, BRCK, LSL | Economic – Employment data relatively benign for housing ahead of BoE rates decision

DF Capital CEO, Carl D’Ammassa provides an overview of the company’s results for the six months ended 30 June 2026.

00:25 Introduction
01:01 HY26 Review
04:27 Looking Ahead

DF Capital is a speciality lender providing flexible financing solutions that support the sales and growth of manufacturers, dealers and distributors operating in attractive underserved retail markets across the UK. As a bank, DF Capital’s lending is underpinned by its award-winning savings products, straightforward digital platform, and exceptional customer service.

The Group is listed on AIM on the London Stock Exchange under the ticker DFCH. For more information, please visit www.dfcapital.bank

DF Capital (DFCH) Half Year 2026 Results Overview – September 2026

Ian Corfield, CEO, provides an overview of the group’s results for the 6 months to 30 June 2025.

Ian Corfield, CEO
00:16 Introduction
00:49 Financial performance
01:30 Delivering against strategic priorities
03:06 Outlook
03:30 Summary

STB is an established, well‑funded and capitalised UK retail bank with a more than 72‑year trading track record. STB operates principally from its head office in Solihull, West Midlands. The Group’s diversified lending portfolio focuses on two lending sectors, with multiple product verticals, supported by a strong deposits franchise:

(i) Business Finance, and

(ii) Retail Finance through its V12 brand

Secure Trust Bank (STB) Interim Results Overview – August 2026

Secure Trust Bank’s (STB’s) interim results demonstrate clear progress towards FY26 guidance and its FY28 medium term targets of a 16% return on average equity and circa 10% annual loan growth. FY26 guidance has been reiterated and our forecasts are unchanged. The Consumer Vehicle Finance sale has contributed to a substantial uplift in CET 1 alongside a significant reduction in operating costs and funding requirements. STB announced a 5% increase in the interim dividend (to 12.4p) and has completed (since the half-year) the first £5 million tranche of its £10 million buyback programme.

H126 – foundations for profitable growth

WJG, HICL

UTG, GLV, GFTU, LSL | Economic – ‘Half of homes don’t sell’ because of over-pricing, Zoopla | Fortnight ahead

Secure Trust Bank (STB) has published a reassuring Q1 2026 trading update, and is on track to meet FY26 guidance. Application for regulatory permission for the intended £10m share buyback programme has been made and is pending approval. Q1 26 Continuing operations year-on-year net loan growth was 6.6%, with strong performances in Retail Finance (+7.3%) and Business Finance (+6.1%). New product initiatives outlined in the 12 March Capital Markets Event have gained traction and lending activity has commenced across the new products.

On track to meet FY26 guidance

PSN, CRN, RNWH, SRC, TON, SHI, HMSO | Economic – Housing transactions tick up in March, HMRC | Viewpoint: ‘Déjà vu all over again’ for housebuilders?

Secure Trust Bank (STB) has announced that, following an initial assessment of the FCA’s recently published final rules, no adjustment to its motor finance commission provision is currently required. STB commented that the ultimate financial impact remains uncertain, and considers that the FCA’s approach to assessing fairness is not aligned with the Supreme Court judgment in Johnson vs FirstRand, where the test for unfairness is highly fact specific and must consider all relevant factors.

Initial assessment: No further motor finance provision required

DF Capital CEO, Carl D’Ammassa provides an overview of the company’s results for the year ended 31 December 2025.

Carl D’Ammassa, CEO
00:16 Introduction
01:02 FY 2025 Overview
05:20 Strategy Update
06:44 Looking Ahead.

DF Capital is a speciality lender providing flexible financing solutions that support the sales and growth of manufacturers, dealers and distributors operating in attractive underserved retail markets across the UK. As a bank, DF Capital’s lending is underpinned by its award-winning savings products, straightforward digital platform, and exceptional customer service.

 

DF Capital (DFCH) Full Year 2025 Results Overview – March 2026

Secure Trust Bank CEO Ian Corfield and CFO Rachel Lawrence present the group’s 2025 Annual Results, followed by an investor update outlining the group’s strategy and medium-term targets, with leaders of the business divisions providing an overview of their strategies.

00:16 Introduction Video

Ian Corfield, Chief Executive Officer
02:59 Opening remarks & Agenda
05:36 2025 Overview
08:19 2025 Performance highlights

Rachel Lawrence, Chief Financial Officer
10:28 2025 Financial Review

Ian Corfield, Chief Executive Officer
29:15 2025 Strategic review and outlook

32:06 2025 Annual Results Presentation Q&A

Ian Corfield, Chief Executive Officer
37:01 Group overview and strategy

Rachel Lawrence, Chief Financial Officer
49:44 Capital Allocation and Cost Management

Andy Phillips, Managing Director, V12 Retail Finance
58:03 Divisional Spotlight – V12 Retail Finance

Luke Jooste, Managing Director, Business Finance
1:14:11 Divisional Spotlight – Business Finance

Rajat Mehta, Savings Director
1:28:27 Divisional Spotlight – Savings

Ian Corfield, Chief Executive Officer
1:34:54 Concluding remarks

01:38:21 Investor Update Q&A

Founded over 70 years ago, Secure Trust Bank is a leading retail deposit-funded specialist bank operating in four core markets: retail finance, vehicle finance, real estate finance and commercial finance. Secure Trust Bank’s management has simplified the business through the sale/exit of non-core businesses, repositioning the loan portfolio towards lower risk loans and focusing on reducing operating costs to drive efficiency (Project Fusion).