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Secure Trust Bank
(LSE:STB)
Secure Trust Bank (STB) vs. iShares MSCI United Kingdom ETF (EWC)
Secure Trust Bank Business Overview & Revenue Model
Secure Trust Bank Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 142.10M | 141.80M | 170.40M | 164.50M | 163.00M | Gross Profit |
| 142.10M | 321.30M | 170.40M | 164.50M | 163.00M | EBIT |
| 142.10M | 42.60M | 93.50M | 56.00M | 20.10M | EBITDA |
| 39.40M | -6.50M | 42.30M | 59.40M | -2.00M | Net Income Common Stockholders |
| 19.70M | 24.30M | 33.70M | 45.60M | 15.40M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 469.00M | 400.30M | 370.10M | 235.70M | 181.50M | Total Assets |
| 4.12B | 3.78B | 3.38B | 2.89B | 2.66B | Total Debt |
| 459.10M | 495.10M | 53.20M | 54.00M | 54.70M | Net Debt |
| -9.90M | 94.80M | -316.90M | -181.70M | -126.80M | Total Liabilities |
| 3.76B | 3.43B | 53.20M | 54.00M | 54.70M | Stockholders Equity |
| 360.50M | 344.50M | 326.90M | 302.40M | 270.50M |
| Cash Flow | Free Cash Flow | |||
| -262.40M | -405.30M | 30.00M | -91.10M | 93.70M | Operating Cash Flow |
| -261.40M | -402.60M | 32.70M | -89.80M | 95.60M | Investing Cash Flow |
| -350.80M | -443.00M | 82.50M | 59.10M | 23.10M | Financing Cash Flow |
| 331.10M | 388.70M | -5.00M | 101.60M | -31.60M |
Secure Trust Bank Technical Analysis
Secure Trust Bank Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £1.75B | 10.15 | 13.14% | 4.49% | 27.88% | 28.92% | |
77 Outperform | £280.09M | 12.59 | 12.03% | 2.72% | 20.20% | 6.12% | |
76 Outperform | £136.79M | 7.10 | 5.59% | 4.60% | 19.89% | -19.56% | |
71 Outperform | £152.96M | 6.21 | 9.57% | 5.18% | 15.14% | -31.65% | |
68 Neutral | £792.82M | 18.64 | 3.67% | ― | -11.82% | -54.07% | |
64 Neutral | $12.64B | 9.78 | 7.67% | 17015.08% | 12.23% | -6.02% | |
57 Neutral | £204.14M | ― | -127.10% | ― | -20.62% | -44.64% |
Secure Trust Bank Corporate Events
Secure Trust Bank PLC announced the successful passing of all resolutions at its 2025 Annual General Meeting, reflecting strong shareholder support. Key resolutions included the adoption of the 2024 Report and Accounts, approval of a final dividend, and various director elections and re-elections. The resolutions, including those authorizing share allotments and market purchases, signify strategic moves to strengthen the bank’s operational capabilities and market positioning.
Secure Trust Bank PLC has reported a positive trading update for Q1 2025, showing continued growth in net lending, which increased by 3.2% over the quarter and 10.5% year-on-year, nearing its £4 billion target. Customer deposits also rose by 3.9% in the quarter, supporting lending objectives, and the bank has made significant progress in reducing defaulted loans in Vehicle Finance. The completion of a debt sale and implementation of a new operating model are expected to yield £8 million in annualized cost savings, positioning the bank for future growth despite global market uncertainties.
Secure Trust Bank PLC announced recent transactions involving key personnel, including Chris Harper and Rachel Lawrence, who engaged in ‘Bed and ISA’ transactions. These transactions involved selling and repurchasing ordinary shares to facilitate tax-efficient investments. The transactions were conducted on the London Stock Exchange, with some shares sold to cover transaction costs. This activity highlights the company’s ongoing efforts to manage executive shareholdings efficiently, potentially impacting shareholder perceptions and market confidence.
Secure Trust Bank PLC announced a transaction involving Andrew Phillips, a Person Discharging Managerial Responsibilities (PDMR), who executed a ‘Bed and ISA’ transaction. This involved selling 833 ordinary shares and repurchasing 826 shares at the same price to facilitate the transaction, with the remaining shares sold to cover costs. This transaction was conducted in compliance with the UK Market Abuse Regulation, highlighting the company’s adherence to regulatory requirements.
Secure Trust Bank PLC announced that its CEO, David McCreadie, exercised options over 18,937 ordinary shares under the 2017 Deferred Bonus Scheme at a price of 40 pence per share. McCreadie’s decision to retain all the shares indicates confidence in the company’s future performance, potentially impacting investor sentiment positively.
Secure Trust Bank PLC announced that several of its key personnel exercised their options over ordinary shares under the 2017 Deferred Bonus Scheme and Long Term Incentive Scheme. The transactions involved a total of 26,950 shares, with some individuals opting to sell shares to cover tax liabilities while others retained their shares. Additionally, Mary Hartley, associated with a company director, purchased 18,138 shares. These transactions reflect internal movements in shareholding and may impact the company’s stock liquidity and stakeholder interests.
Secure Trust Bank PLC has announced the publication of its Notice of the 2025 Annual General Meeting (AGM), which will be distributed to shareholders who requested a physical copy. The AGM is scheduled for May 15, 2025, at Freshfields LLP in London, and shareholders are encouraged to submit proxies and questions in advance. This announcement underscores the bank’s commitment to transparency and shareholder engagement, potentially impacting its operational governance and stakeholder relations.
Secure Trust Bank PLC announced that Kiripaka Capital Limited, closely associated with Jim Brown, Chair of the bank, purchased 17,182 ordinary shares at £5.98 each. This transaction, conducted on the London Stock Exchange, highlights insider confidence in the bank’s performance and may positively influence stakeholder perceptions.
Secure Trust Bank PLC announced that James Lawrence, associated with Director Rachel Lawrence, and Mary Hartley, associated with PDMR Julian Hartley, purchased 3,878 and 5,501 ordinary shares respectively on 13 March 2025. These transactions, conducted on the London Stock Exchange, reflect internal confidence in the company’s market position and could influence stakeholder perceptions positively.
Secure Trust Bank PLC has announced the submission of its 2024 Annual Report to the National Storage Mechanism, making it available for public inspection. This move is part of the company’s compliance with regulatory requirements and ensures transparency for its shareholders and stakeholders. The report will also be mailed to shareholders who have requested paper copies, aligning with the company’s commitment to accessibility and communication.
Secure Trust Bank PLC reported solid growth for the year ending December 31, 2024, with an 8.8% increase in lending balances and a stable net interest margin of 5.4%. Despite a decrease in total profit before tax by 12.6% due to exceptional costs, the company achieved an 18% increase in adjusted profit before tax pre-impairments. The bank’s strategic initiatives, including Project Fusion, contributed to improved cost-income ratios and operational efficiencies. Challenges in vehicle finance collections and market conditions impacted the cost of risk, but improvements in credit quality and arrears levels were noted. The company remains confident in achieving its medium-term targets by the end of 2025.
Secure Trust Bank PLC has announced a live interactive presentation for retail investors, scheduled for March 18, 2025, on the Engage Investor platform. This event, hosted by CEO David McCreadie and CFO Rachel Lawrence, aims to engage current and potential shareholders, allowing them to submit questions and gain insights into the bank’s operations and future plans, potentially impacting investor relations and market positioning.