SECURE TRUST BANK

Secure Trust Bank has launched the second tranche of its share buyback programme, worth £5 million, as part of an overall £10 million framework. The first tranche closed on 5 August 2026 with the purchase and cancellation of 323,406 ordinary shares. Shore Capital Stockbrokers has been appointed to make the purchases on the London Stock Exchange or another regulated EU trading venue; repurchases will continue until the tranche volume is reached or until 31 December 2026. The programme is based on the shareholder authority approved on 14 May 2026 and forms part of the capital allocation strategy following the sale of the retail vehicle finance business; all repurchased shares will be cancelled. » More on de.investing.com

Secure Trust Bank reports a 9.4% rise in adjusted pre-tax profit for H1 2026 to £31.3m, with a customer loan book of £3.5bn. Return on equity improved to 14.5% and the CET1 ratio stood at 14.3%, leaving room for growth and shareholder returns. The group is continuing a £10m share buyback programme and raised its interim dividend; the stock rose 2.3% after the release, close to its 52-week high. Management reiterated a medium-term RoE target of above 16% with around 10% annual loan growth, and stressed cost control and a focus on specialist finance and point-of-sale business. » More on de.investing.com

Secure Trust Bank announces that the 2026 annual general meeting will take place on 14 May at 15:00 in the Deloitte offices in Birmingham. The notice, the 2025 annual report and financial statements, and the rules for the Long-Term Incentive, Deferred Bonus and the revised Sharesave plan have been filed with the National Storage Mechanism and are available electronically on the company website. Printed copies can be requested from the Company Secretary; shareholders are asked to submit proxy votes online or as described in the notice. » More on de.investing.com

Secure Trust Bank has agreed to sell its vehicle finance business to funds managed by LCM Partners for around £458.6m; the price is above the portfolio’s book value (book value £442.5m as at 30 September 2025). Completion is expected in Q1 2026, with migration planned for Q2 2026; until then the bank will continue to service the portfolio. The transaction increases the pro forma CET1 ratio as at 30 September 2025 by about 195 basis points to 14.8%, strengthening the capital position; the bank is also considering possible share buybacks subject to regulatory approval. » More on de.investing.com

Secure Trust Bank is ending the issuance of new vehicle loans and will allow its existing loan portfolio to run off in order to boost return on equity. The decision follows losses in the vehicle financing division and aims to improve profitability through cost reductions and a focus on more profitable business areas. Significant cost savings and job cuts are planned by 2030. » More on de.investing.com