EarningsQ2 2026 Earnings Report
DE:PRVA Q2 2026 EPS Results
Actual EPS€0.02
Consensus EPS―
Beat/Miss―
One Year Ago EPS€0.02
DE:PRVA Q2 2026 Revenue Results
Actual Revenue€373.16M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+8.47%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
DE:PRVA Upcoming Earnings
Vanquis Banking Group's next earnings date is estimated for April 1, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of strong operational and strategic progress (robust balance growth, product profitability, technology transformation, efficiency gains and capital strength) alongside meaningful near-term headwinds (lower-than-expected card utilization, an additional GBP 8.5m IFRS 9 macro provision, yield compression and higher impairment/charge-offs) that have moderated near-term returns and prompted guidance updates. Management emphasized they are adapting by prioritizing new customer acquisition, completing technology platforms, and driving transformation savings to restore returns over the medium term (ROTE recovery planned for 2027–2028).Company Guidance
Profit Growth
Statutory profit before tax increased 44% year-on-year to GBP 8.9m in H1 2026, exceeding the profit delivered for the whole of 2025.
Strong Balance Growth
Gross customer interest-earning balances rose 24% year-on-year to more than GBP 3.0bn; balances grew 8% in the six months to June and average balances up 25% year-on-year.
Income and Product Profitability
Group income increased 8% year-on-year; all three lending products (credit cards, vehicle finance, second charge mortgages) were profitable in H1 2026, with credit cards PBT GBP 12.8m and second charge mortgages PBT GBP 7.1m.
Second Charge Mortgages Momentum
Second charge mortgage balances increased 34% in H1 to GBP 800m and are growing around GBP 30m per month; product contributes to profitability from origination and continues to clear mid‑teens ROTE hurdles despite some yield compression.
Operational Efficiency and Cost Savings
Operating costs decreased 8% year-on-year, delivering 16% positive cost-to-income jaws; cost-to-income ratio reduced by 9.4 percentage points to 53.1%; transformation savings of GBP 7.8m in H1, with revised expected cumulative transformation savings of GBP 30–35m out to 2028 (up from previous guidance).
Technology and Customer Experience Milestones
Successfully migrated all credit card customers to a new in‑house mobile banking app (recognized externally), first customer-facing AI agent went live in June, and customer satisfaction index increased to 83.2 (industry benchmark 82); Institute of Customer Service service mark accreditation achieved.
Liquidity, Funding and Capital Strength
High-quality liquid assets rose 22% to over GBP 1.2bn; liquidity coverage ratio 221%; retail deposits represent ~84% of funding with ISAs > GBP 1.0bn; CET1 ratio 15.6% with surplus CET1 capital of GBP 93m above disclosed regulatory minimum.
Forward Guidance and Capital Allocation
Management expects gross customer interest-earning balances > GBP 3.3bn by end-2026 and > GBP 3.7bn by end-2027, with plans to re-establish a modest dividend at full-year 2026 results; guidance targets ROTE improving to low double-digits in 2027 and mid-teens in 2028.
DE:PRVA 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