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The latest announcement is out from permanent tsb Group Holdings ( (GB:PTSB) ).
Permanent TSB reported a strong start to 2026, with total operating income up 10%, net interest margin rising to 2.13% and a reduced cost/income ratio of 72%, supported by robust asset quality and a CET1 capital ratio of 17.9%. Mortgage market share reached about 19% in the first quarter with a pipeline targeting around 20% for the year, while business banking lending grew 18% and personal term lending more than doubled, underpinning both loan and deposit growth.
The bank highlighted tighter cost management, stable non-performing loan levels and a strong liquidity position, including a loan-to-deposit ratio of 88% and liquidity coverage ratio of 269%. Following a competitive sale process, the board has recommended a 297-cents-per-share acquisition offer from Austria’s BAWAG Group, a move expected to support PTSB’s next growth phase, enhance its position in Irish retail banking and potentially improve its credit ratings, with full-year guidance left unchanged.
More about permanent tsb Group Holdings
Permanent TSB Group Holdings is an Irish retail and commercial bank focused on mortgages, SME and business lending, and consumer finance. It operates as a pillar bank in the domestic market, with a balance sheet concentrated in residential mortgages, complemented by growing business banking and personal term lending activities, funded primarily by a large customer deposit base.
For detailed information about PTSB stock, go to TipRanks’ Stock Analysis page.