Secure Trust Bank PLC

LSE:STB Stock Report

Market Cap: UK£289.4m

Secure Trust Bank Past Earnings Performance

Past criteria checks 2/6

Secure Trust Bank has been growing earnings at an average annual rate of 14.3%, while the Banks industry saw earnings growing at 15.2% annually. Revenues have been declining at an average rate of 0.5% per year. Secure Trust Bank's return on equity is 11.9%, and it has net margins of 33.3%.

Key information

14.34%

Earnings growth rate

14.15%

EPS growth rate

Banks Industry Growth21.22%
Revenue growth rate-0.48%
Return on equity11.93%
Net Margin33.33%
Last Earnings Update30 Jun 2026

Recent past performance updates

Recent updates

Narrative Update • Jun 23

STB: Higher Assumed Profitability Will Drive Future Upside Potential

Analysts have modestly adjusted their fair value estimate for Secure Trust Bank to £20.00 per share. This reflects updated assumptions around revenue growth, profit margins and future P/E expectations.
Narrative Update • Jun 06

STB: Higher Assumed Revenue And Multiple Will Drive Future Upside Potential

Analysts have raised their price target on Secure Trust Bank from £18 to £20, citing updated assumptions for revenue growth, profit margins and a higher future P/E multiple in their latest models. What's in the News Secure Trust Bank PLC plans for Chief Financial Officer Rachel Lawrence to retire during the first half of 2027 after a career of over 35 years, following her appointment as CFO in September 2020.
Narrative Update • May 23

STB: Dividend And Buyback Plans Will Support Stronger Future Share Price

Analysts have kept their fair value estimate for Secure Trust Bank steady at £21.00, while making only minor adjustments to underlying assumptions such as the discount rate and future P/E. This suggests their overall price target rationale is broadly unchanged.
Narrative Update • May 07

STB: Potential Share Repurchase Will Support Earnings Profile And Future Upside

Analysts have trimmed their price target on Secure Trust Bank by £0.22, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News On March 12, 2026, Secure Trust Bank announced that its Board of Directors will consider a share repurchase program.
Narrative Update • Apr 23

STB: Share Buyback Prospects Will Support Stronger Future Share Price

Analysts have lifted their price target for Secure Trust Bank from £18.73 to £21.00, reflecting updated assumptions around revenue growth, profit margins and future P/E multiples. What's in the News On March 12, 2026, Secure Trust Bank announced that its Board of Directors will consider launching a share repurchase program, under which the company would buy back its own shares (Key Developments).
Narrative Update • Apr 08

STB: Share Repurchase Plans Will Support Earnings Profile And Future Upside Potential

Analysts have kept their £22.00 price target for Secure Trust Bank unchanged, citing relatively steady assumptions for discount rate, revenue growth, profit margin and future P/E as support for this level. What's in the News On March 12, 2026, Secure Trust Bank announced that its Board of Directors will consider launching a share repurchase program under which the company would buy back its own shares (Key Developments).
Narrative Update • Mar 25

STB: Share Repurchase Plans Will Support Improved Margin And Earnings Profile

Analysts have lifted their price target on Secure Trust Bank from £21.70 to £22.00, citing updated assumptions that include a revised discount rate, adjusted revenue growth expectations, a different profit margin outlook, and a new future P/E input. What's in the News On March 12, 2026, Secure Trust Bank announced that its Board of Directors will consider a share repurchase program, under which the company would buy back its own shares (Key Developments).
Narrative Update • Mar 11

STB: Higher Margin Assumptions And Lower Discount Rate Will Support Upside

Analysts have kept their £18.00 price target for Secure Trust Bank unchanged, with slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E, which helps to support their existing view on valuation. Valuation Changes Fair Value: £18.00 unchanged, with no adjustment to the headline valuation level.
Narrative Update • Feb 24

STB: Higher Margin Outlook And Lower Discount Rate May Support Upside

Analysts have nudged their price target on Secure Trust Bank up from £17.62 to £18.00, citing updated assumptions around revenue growth, profit margins and future P/E levels. Valuation Changes Fair Value: £17.62 to £18.00, a small uplift in the central valuation estimate.
Narrative Update • Feb 09

STB: Higher Margin Assumptions Will Support Stronger Future Share Price

Analysts have raised their price target on Secure Trust Bank to £18.73 from £18.54, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. Valuation Changes Fair Value: moved slightly from £18.54 to £18.73 per share.
Narrative Update • Jan 25

STB: Stable Assumptions And Margins Will Support Stronger Future Share Price

Analysts have slightly adjusted their price target on Secure Trust Bank, citing fine tuning of assumptions around the discount rate, revenue growth, profit margin and future P/E that leaves their view of fair value broadly unchanged at £18.54. Valuation Changes Fair Value: The estimated fair value per share remains effectively unchanged at £18.54.
Narrative Update • Jan 11

STB: Higher Margin Outlook Will Support Stronger Future Share Price

Analysts have lifted their fair value estimate for Secure Trust Bank from £17.84 to £18.54, citing updated assumptions that combine a slightly higher discount rate and future P/E with revised expectations for revenue growth and profit margins. Valuation Changes Fair Value Estimate was raised slightly from £17.84 to £18.54 per share.
Narrative Update • Dec 27

STB: Stronger Future Margins May Support Attractive Upside Potential

Analysts have nudged their price target for Secure Trust Bank slightly higher to £17.62, citing marginally stronger expectations for revenue growth and profit margins, as well as a lower future P/E multiple that together support a modest uplift in fair value. Valuation Changes Fair Value: Unchanged at £17.62 per share, indicating no revision to the central valuation outcome.
Narrative Update • Dec 12

STB: Stronger Profit Margins May Support Attractive Upside Potential

Analysts have raised their price target on Secure Trust Bank from approximately £14.20 to around £17.60 per share, citing expectations of stronger profitability, a higher sustainable profit margin, and a slightly higher justified earnings multiple, despite moderating top line growth assumptions. What's in the News Secure Trust Bank PLC has been added to the S&P Global BMI Index, which may increase visibility among institutional investors and index-tracking funds (Key Developments) Valuation Changes The fair value estimate has risen from about £14.20 to approximately £17.60 per share, reflecting a material upward reassessment of intrinsic value.
Analysis Article • Aug 17

Secure Trust Bank (LON:STB) Will Pay A Dividend Of £0.118

Secure Trust Bank PLC ( LON:STB ) has announced that it will pay a dividend of £0.118 per share on the 25th of...
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New Narrative • Mar 16

Project Fusion And Consumer Lending Focus Will Improve Future Operational Efficiency

Growth in net lending and cost savings initiatives are expected to boost future revenue and improve net margins.
Analysis Article • Mar 16

Secure Trust Bank (LON:STB) Is Paying Out A Larger Dividend Than Last Year

Secure Trust Bank PLC ( LON:STB ) has announced that it will be increasing its dividend from last year's comparable...
Analysis Article • Aug 17

Secure Trust Bank (LON:STB) Has Announced That Its Dividend Will Be Reduced To £0.113

Secure Trust Bank PLC's ( LON:STB ) dividend is being reduced by 29% to £0.113 per share on 26th of September, in...
Analysis Article • Apr 12

Secure Trust Bank (LON:STB) Has Announced A Dividend Of £0.162

Secure Trust Bank PLC ( LON:STB ) has announced that it will pay a dividend of £0.162 per share on the 23rd of May...

Revenue & Expenses Breakdown

How Secure Trust Bank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

LSE:STB Revenue, expenses and earnings (GBP Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 261394620
31 Mar 261374620
31 Dec 251344520
30 Jun 251295120
31 Mar 251314720
31 Dec 241324320
30 Sep 241432320
30 Jun 241432700
31 Mar 241432700
31 Dec 231422600
30 Sep 2313823500
30 Jun 23135201010
31 Mar 23134201010
31 Dec 22133211010
30 Sep 22135201020
30 Jun 22137191030
31 Mar 22141251030
31 Dec 21145311030
30 Sep 2114034970
30 Jun 2113436910
31 Mar 2112326910
31 Dec 2011215910
30 Sep 2011518910
30 Jun 2011920920
31 Mar 2012626920
31 Dec 1913331920
30 Sep 1913031880
30 Jun 1912730830
31 Mar 1912329830
31 Dec 1811928830
30 Jun 1810823690
31 Mar 1810222690
31 Dec 179620690
30 Jun 178513630
31 Mar 178414630
31 Dec 168414630
30 Sep 168418560
30 Jun 168521490
31 Mar 168020490
31 Dec 157519490

Quality Earnings: STB has high quality earnings.

Growing Profit Margin: STB's current net profit margins (33.3%) are lower than last year (39.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: STB's earnings have grown by 14.3% per year over the past 5 years.

Accelerating Growth: STB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: STB had negative earnings growth (-9.7%) over the past year, making it difficult to compare to the Banks industry average (12.5%).

Return on Equity

High ROE: STB's Return on Equity (11.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/21 18:37
End of Day Share Price 2026/08/21 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Secure Trust Bank PLC is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullCanaccord Genuity
Robert MurphyEdison Investment Research
Piers BrownInvestec Bank plc (UK)