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Vanquis Banking Group (GB:VANQ)
LSE:VANQ
Earnings Data
Report Date
Aug 06, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.02Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive and improving operational and financial trajectory: Vanquis returned to profitability, delivered strong balance growth, executed material transformation savings, strengthened capital and liquidity positions, and set clear multi-year guidance for higher ROTE and lower cost/income. Key weaknesses remain: Vehicle Finance is still loss-making with a high cost/income ratio, NIM will be diluted by mix shift toward lower‑margin secured lending, coverage ratios declined and ECLs fell despite receivable growth, and limited visibility remains around corporate centre/Snoop profitability and potential FCA redress mechanics. On balance the positives (profit return, growth, cost savings, capital optimisation and clear guidance) outweigh the negatives, though execution risk on Vehicle Finance and credit coverage will be important to monitor.Company Guidance
Return to Profitability
Profit before tax of GBP 8.3m in FY2025, returning to profitability after a FY2024 loss before tax of GBP 138m; profit attributable to shareholders GBP 8.2m.
Strong Balance Growth and Deposit Funding
Customer interest-earning balances increased 22% to over GBP 2.8bn (ahead of guidance >GBP 2.7bn). Retail deposits grew to nearly GBP 3bn and represent ~90% of total funding.
Credit Card Performance
Credit Cards delivered a profit of GBP 38.2m (up 27%) with balances up 19%. Gross charge-offs fell 19% to a 12.7% gross charge-off rate and cost of risk was 10.2% (lower end of guided range). Risk‑adjusted margin at 15.6%.
Second Charge Mortgage Growth and Profitability
Second Charge Mortgages balances grew strongly to just under GBP 600m; the business delivered a profit of GBP 5.4m and risk-adjusted margin increased to 2.8%, with weighted average LTV ~70% and low RWA density.
Material Transformation Savings and Gateway Progress
Delivered GBP 28.8m of transformation cost savings in 2025 (above the GBP 15m commitment). Gateway technology program fundamentals substantively delivered; additional GBP 23–28m of Gateway savings targeted in 2026.
Operating Cost Reduction and Efficiency Gains
Total operating costs fell 33% year-on-year (driven by absence of 2024 notable items); costs excluding notable items down 9%, producing 11% positive cost/income jaws. Cost/income ratio improved to 58.4%.
Improved Credit Metrics and Impairment Trends
Impairment reduced 2% year-on-year with a 5% reduction in gross charge-offs; overall group cost of risk reduced to 7.3%. Expected transparency on product-level cost-of-risk going forward.
Capital Strength and Optimization
Issued GBP 60m AT1 in H2 2025 and tendered GBP 58.5m Tier 2; Tier 1 ratio increased to 19.3% post AT1 issuance. CET1 ratio at 16.5% with a CET1 surplus of 5.2% (GBP 107m) above the 11.3% regulatory minimum.
Funding Liquidity and Asset Buffer
Held GBP 653m of excess high-quality liquid assets over regulatory minimum; diversified liquid asset buffer and invested GBP 250m in U.K. gilts to improve returns.
Customer and Operational Improvements
Snoop active users up 12% to 328,000 (43,000 Vanquis customers). Complaint handling costs down 10% and fraud losses fell 25% in 2025. Colleague engagement rose 13 points to 73% and the group was certified as a Great Place to Work.
Clear Forward Guidance and Growth Targets
Guidance: balances >GBP 3.3bn in 2026 and >GBP 3.7bn in 2027; ROTE guidance low double-digits in 2026 and mid‑teens in 2027; NIM guidance c.15.5% in 2026 and c.14.5% in 2027; cost/income targeted to high‑40s (2026) and mid‑40s (2027).
GB:VANQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:VANQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | 126.20p | 123.80p | -1.90% |
Aug 07, 2025 | 103.00p | 115.00p | +11.65% |
Mar 14, 2025 | 54.90p | 52.00p | -5.28% |
Aug 01, 2024 | 54.80p | 56.10p | +2.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Vanquis Banking Group (GB:VANQ) report earnings?
Vanquis Banking Group (GB:VANQ) is schdueled to report earning on Aug 06, 2026, TBA (Confirmed).
What is Vanquis Banking Group (GB:VANQ) earnings time?
Vanquis Banking Group (GB:VANQ) earnings time is at Aug 06, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
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What is the P/E ratio of Vanquis Banking Group stock?
The P/E ratio of Vanquis Banking Group is N/A.
What is GB:VANQ EPS forecast?
Currently, no data Available