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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 |
| EBITDA | 39.40M | -6.50M | 42.30M | 59.40M | -2.00M |
| Net Income | 19.70M | 24.30M | 33.70M | 45.60M | 15.40M |
Balance Sheet | |||||
| Total Assets | 4.12B | 3.78B | 3.38B | 2.89B | 2.66B |
| Cash, Cash Equivalents and Short-Term Investments | 469.00M | 400.30M | 370.10M | 235.70M | 181.50M |
| Total Debt | 459.10M | 495.10M | 53.20M | 54.00M | 54.70M |
| 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 | £1.86B | 9.52 | 14.68% | 424.34% | 27.88% | 28.92% | |
76 Outperform | £186.39M | 9.72 | 5.59% | 280.59% | 19.89% | -19.56% | |
76 Outperform | £278.35M | 12.51 | 12.03% | 251.62% | 20.20% | 6.12% | |
71 Outperform | £153.37M | 9.46 | 6.22% | 522.67% | 15.14% | -31.65% | |
70 Neutral | €15.46B | 11.93 | 14.88% | 5.80% | 7.27% | 0.39% | |
68 Neutral | £872.35M | 20.51 | 3.67% | ― | -11.82% | -54.07% | |
65 Neutral | £252.44M | ― | -127.10% | ― | -20.62% | -44.96% |
Secure Trust Bank Corporate Events
Secure Trust Bank PLC has announced a change in major holdings, with Ennismore Fund Management Limited adjusting its voting rights in the bank. The notification indicates that Ennismore’s voting rights have decreased from 6.26% to 5.96%, impacting the bank’s shareholder structure. This adjustment reflects Ennismore’s strategic decisions and could influence the bank’s governance and future decision-making processes.
Secure Trust Bank PLC announced that Ian Corfield, the CEO Designate, has purchased a total of 11,287 ordinary shares in the company. This move reflects confidence in the bank’s future prospects and may positively influence stakeholder perceptions, reinforcing the leadership’s commitment to the company’s growth and stability.
Secure Trust Bank PLC announced that Kiripaka Capital Limited, closely associated with Jim Brown, Chair of STB, purchased 24,723 ordinary shares of the company at £8.692196 per share on July 3, 2025. This transaction highlights confidence in the company’s financial health and future prospects, potentially impacting stakeholder perceptions and market positioning.
Secure Trust Bank PLC announced that Kiripaka Capital Limited, associated with Jim Brown, Chair of STB, purchased 3,525 ordinary shares at £8.48 each. Additionally, Mary Hartley, associated with Julian Hartley, a PDMR of the company, acquired 13,847 shares at £8.62 each. These transactions, conducted on the London Stock Exchange, reflect strategic share acquisitions by individuals closely linked to the bank’s leadership, potentially indicating confidence in the company’s future performance.
Secure Trust Bank PLC has announced a strategic shift to cease new lending in its Vehicle Finance business, which has been underperforming compared to other divisions. This move is expected to enhance the bank’s Return on Average Equity (ROAE) and streamline operations by reducing operating costs significantly. The decision will impact 284 roles by 2030, with restructuring costs estimated at £5.0 million. The bank plans to reallocate capital to its more profitable Retail, Real Estate, and Commercial Finance divisions, aiming to achieve a £4 billion net lending target and improve its ROAE to 14-16%.
Secure Trust Bank PLC announced that as of 30 June 2025, its issued share capital consists of 19,073,729 ordinary shares, with no shares held in treasury. This results in a total of 19,073,729 voting rights, which shareholders should use as the denominator for calculating notifiable interests under the FCA’s rules. This announcement provides transparency and clarity for stakeholders regarding the company’s capital structure and voting rights.
Secure Trust Bank has announced a CEO succession plan with David McCreadie set to retire after over four years as CEO. Ian Corfield, with extensive experience in financial services, will take over as CEO in August 2025. McCreadie has significantly contributed to the bank’s growth and transformation, while Corfield is expected to continue driving innovation and growth. This transition aims to ensure consistent leadership and strategic development for the bank, with a focus on enhancing returns and delivering value to stakeholders.
Secure Trust Bank PLC announced that Andrew Phillips, a Person Discharging Managerial Responsibilities (PDMR), has acquired 24 ordinary shares of the company through an automated Dividend Reinvestment Plan at a price of £7.505 per share. This transaction, conducted on 13 June 2025 at the London Stock Exchange, reflects internal confidence in the company’s performance and could potentially influence stakeholder perceptions positively.
Secure Trust Bank PLC has appointed Steve Colsell as an independent Non-Executive Director and member of the Audit and Nomination Committees. With 40 years of experience in financial services, Colsell’s extensive background in banking and insurance, along with his strategic mindset and leadership skills, are expected to enhance the board’s capabilities and deliver value for stakeholders.
Secure Trust Bank PLC has announced that as of 30 May 2025, its issued share capital consists of 19,072,078 ordinary shares, with no shares held in treasury. This update is crucial for shareholders as it determines the total number of voting rights, which is essential for calculating notifiable interests under the FCA’s Disclosure Guidance and Transparency Rules.
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.