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An announcement from Vanquis Banking Group ( (GB:VANQ) ) is now available.
Vanquis Banking Group reported a solid first quarter, with gross customer interest-earning balances up 4% quarter-on-quarter and 27% year-on-year to £2.93bn, and net receivables rising in line with this growth. Despite a lower net interest margin driven by a shift toward lower-yield, lower-risk products, the bank delivered a statutory profit and reiterated guidance for a low double-digit return on tangible equity in 2026.
The group highlighted strong credit quality and capital deployment, with its CET1 ratio at 15.9% as it continues to scale credit cards, vehicle finance and second charge mortgages while maintaining tight risk controls. Operationally, Vanquis is progressing its Gateway technology transformation, achieving high adoption of its new app and targeting meaningful cost savings, and says its exposure to FCA motor finance compensation schemes is limited and already provisioned for, with overall financial guidance unchanged.
The most recent analyst rating on (GB:VANQ) stock is a Buy with a £165.00 price target. To see the full list of analyst forecasts on Vanquis Banking Group stock, see the GB:VANQ Stock Forecast page.
Spark’s Take on VANQ Stock
According to Spark, TipRanks’ AI Analyst, VANQ is a Neutral.
The score is held back primarily by elevated balance-sheet leverage and weak technical momentum, despite a clear earnings recovery. Earnings-call guidance and capital strength provide support, but valuation (high P/E) and continued execution/credit risks limit upside confidence.
To see Spark’s full report on VANQ stock, click here.
More about Vanquis Banking Group
Vanquis Banking Group is a UK-based specialist lender focused on credit cards, vehicle finance and second charge mortgages, serving customers who are often underserved by mainstream banks. The group is investing heavily in digital platforms, including its Gateway technology modernisation and a new mobile app, to improve customer engagement and operational efficiency.
Average Trading Volume: 644,455
Technical Sentiment Signal: Sell
Current Market Cap: £279.5M
For detailed information about VANQ stock, go to TipRanks’ Stock Analysis page.