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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 | £1.81B | 9.29 | 14.68% | 0.03% | 27.88% | 28.92% | |
76 Outperform | £278.35M | 12.51 | 12.03% | 2.56% | 20.20% | 6.12% | |
74 Outperform | £148.74M | 7.72 | 5.59% | 1.99% | 19.89% | -19.56% | |
71 Outperform | £152.56M | 6.19 | 9.57% | 3.08% | 15.14% | -31.65% | |
68 Neutral | £836.01M | 20.06 | 3.67% | ― | -11.82% | -54.07% | |
67 Neutral | £271.80M | ― | -127.10% | ― | -20.62% | -44.96% | |
64 Neutral | $6.55B | 10.89 | 6.59% | 5.08% | 24.65% | 0.99% |
Secure Trust Bank Corporate Events
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.
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.