- Shawbrook Group
- 05 August 2026 16:20:39
Source: Sharecast
Underlying pre-tax profit rose 16% year-on-year to £195.5m over the six months ended 30 June, as net operating income increased 15.4% to £387.2m.
The loan book, including originate-to-distribute assets, grew to £20.1bn from £19.2bn at the end of 2025, representing annualised growth of 10%. Customer deposits increased to £18.8bn from £18.4bn.
Shawbrook reiterated its full-year guidance for a loan book of around £21bn, a cost-to-income ratio below 38% and an underlying return on tangible equity of roughly 17%.
The underlying cost-to-income ratio improved to 36.4% from 40% a year earlier, as income significantly outpaced cost growth. Underlying return on tangible equity was broadly stable at 18.1%, compared with 18.3%.
Impairment losses increased to £50.7m from £32.6m, reflecting additional provisions against a small portfolio of legacy development-finance loans. The common equity tier-one ratio strengthened to 13% from 12.4% at year-end.
Chief executive Marcelino Castrillo said the company delivered a "strong first half, with disciplined execution across our specialist markets".
He added: “These results reinforce our confidence in meeting our FY 2026 guidance and paying a maiden ordinary dividend in FY 2027 in respect of FY 2026 earnings.”
At 1614 BST, Shawbrook shares were down 1.6% at 329.5p in London.