Secure Trust Bank - Revised forecasts reflect macro concerns
We are adjusting our forecasts for Secure Trust Bank (STB) to better reflect the deteriorating economic outlook in the UK. We have raised our FY22...
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Secure Trust Bank - Prudence despite resilience
In its Q322 trading update, Secure Trust Bank (STB) said business has been trading in line with management expectations. Loan demand has remained...
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Secure Trust Bank - Solid interim results
Secure Trust Bank (STB) reported H122 PBT of £24.7m, including an £8.1m gain on the disposal of its Debt Managers Services (DMS) unit. Reported...
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Secure Trust Bank - Strong loan momentum in Q122
Secure Trust Bank disclosed in its Q122 trading update that balance sheet momentum is strong and the business remains on track to deliver on...
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Secure Trust Bank - FY21 earnings beat with momentum
Secure Trust Bank (STB) reported FY21 PBT of £56.0m (£57.4m normalised, we forecast £52.7m) and a ROE of 15.9%. The beat was driven by provision...
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