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Secure Trust Bank
(LSE:STB)
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Rating:57Neutral
Price Target:
1,418.00 p
▼(-11.60% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weaker and volatile financial performance, including a shift to a 2025 net loss and inconsistent cash-flow history, despite some balance sheet improvement. Technicals are supportive with a clear uptrend and positive momentum, while valuation is reasonable but not compelling enough to offset the financial volatility.
Positive Factors
Deposit-funded specialist lending model
The combination of retail deposits, specialist lending and fee income gives STB a clearly defined banking model with multiple recurring revenue channels. Stable deposit funding can support lending capacity, while servicing and arrangement fees provide an additional contribution beyond interest spreads.
Negative Factors
Profitability deterioration
The shift from profit to loss despite much higher revenue indicates that top-line expansion is not currently converting reliably into earnings. Persistent cost, credit or other profitability pressure would reduce internal capital generation and could constrain the bank’s ability to invest and grow.
Read all positive and negative factors
Positive Factors
Negative Factors
Deposit-funded specialist lending model
The combination of retail deposits, specialist lending and fee income gives STB a clearly defined banking model with multiple recurring revenue channels. Stable deposit funding can support lending capacity, while servicing and arrangement fees provide an additional contribution beyond interest spreads.
Read all positive factors
Secure Trust Bank (STB) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£253.98M
Dividend Yield2.57%
Average Volume (3M)64.02K
Price to Earnings (P/E)10.7
Beta (1Y)1.56
Revenue Growth-8.35%
EPS Growth5.35%
CountryUK
Employees650
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.31
Shares Outstanding18,470,976
10 Day Avg. Volume71,146
30 Day Avg. Volume64,021
Financial Highlights & Ratios
PEG Ratio-1.91
Price to Book (P/B)0.62
Price to Sales (P/S)0.69
P/FCF Ratio1.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.56
Revenue Forecast (FY)£179.72M
Secure Trust Bank Business Overview & Revenue Model
Company Description
Secure Trust Bank PLC is a UK-based financial institution offering a diverse array of banking and financial solutions. Its operations are structured across five key divisions: Real Estate Finance, Commercial Finance, Vehicle Finance, Retail Financ...
How the Company Makes Money
STB primarily makes money through net interest income: it pays interest to customers on retail savings deposits and charges higher interest rates on the loans and finance it provides, earning the spread between lending yields and funding costs. In...
Secure Trust Bank Financial Statement Overview
Summary
Income Statement
47
Neutral
Balance Sheet
56
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 315.30M | 339.10M | 142.10M | 141.80M | 219.70M | 176.50M |
| Gross Profit | 115.70M | 107.70M | 142.10M | 321.30M | 169.30M | 148.80M |
| EBITDA | 39.60M | 29.40M | 42.80M | 37.70M | 42.30M | 59.40M |
| Net Income | 24.60M | -9.40M | 19.70M | 24.30M | 33.70M | 45.60M |
Balance Sheet | ||||||
| Total Assets | 3.95B | 4.32B | 4.12B | 3.78B | 3.38B | 2.89B |
| Cash, Cash Equivalents and Short-Term Investments | 317.50M | 528.10M | 469.00M | 400.30M | 370.10M | 235.70M |
| Total Debt | 280.90M | 302.60M | 459.10M | 495.10M | 451.60M | 54.00M |
| Total Liabilities | 3.56B | 3.94B | 3.76B | 3.43B | 3.05B | 2.58B |
| Stockholders Equity | 389.10M | 374.30M | 360.50M | 344.50M | 326.90M | 302.40M |
Cash Flow | ||||||
| Free Cash Flow | 152.40M | 154.80M | -262.40M | -405.30M | 30.00M | -91.10M |
| Operating Cash Flow | 154.70M | 156.40M | -261.40M | -402.60M | 32.70M | -89.80M |
| Investing Cash Flow | 133.00M | -165.90M | -350.80M | -443.00M | 82.50M | 59.10M |
| Financing Cash Flow | -368.10M | 100.30M | 331.10M | 388.70M | -5.00M | 101.60M |
Secure Trust Bank Technical Analysis
Negative
1604.00
Price Trends
1497.55
Negative
1484.62
Negative
1408.42
Negative
Market Momentum
-32.11
Positive
37.63
Neutral
25.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:STB, the sentiment is Negative. The current price of 1604 is above the 20-day moving average (MA) of 1466.90, above the 50-day MA of 1497.55, and above the 200-day MA of 1408.42, indicating a bearish trend. The MACD of -32.11 indicates Positive momentum. The RSI at 37.63 is Neutral, neither overbought nor oversold. The STOCH value of 25.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:STB.
Secure Trust Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £135.16M | 7.14 | 6.84% | 6.59% | -6.35% | 16.23% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | £176.64M | 18.32 | 8.74% | 6.65% | -20.90% | -41.22% | |
59 Neutral | £1.14B | 21.13 | 7.00% | ― | 0.76% | -49.33% | |
57 Neutral | £253.98M | 10.73 | 6.44% | 2.57% | -8.35% | 5.35% | |
50 Neutral | £46.32M | 425.00 | 0.09% | 15.13% | -15.66% | -96.05% | |
49 Neutral | £4.22M | 3.12 | 22.69% | 0.26% | ― | ― |
* Financial Sector Average
GB:STB
Secure Trust Bank
1,404.00
472.80
50.77%
GB:ARBB
Arbuthnot Banking
835.00
-14.82
-1.74%
GB:LIO
Liontrust Asset Management
285.50
-7.30
-2.49%
GB:MTRO
Metro Bank
168.60
50.00
42.16%
GB:PMI
Premier Asset Management
29.75
-24.15
-44.80%
GB:PRIM
Primorus Investments
3.40
-0.50
-12.82%
Secure Trust Bank Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
Secure Trust Bank stays on track for 2026 profit targets as loan book and buyback progress
Positive
Oct 22, 2026
Secure Trust Bank reported that it remains on course to meet full‑year 2026 profit expectations, despite softer conditions in asset‑based lending weighing on Business Finance fee income. The specialist lender highlighted targeted loan ...
Business Operations and StrategyStock Buyback
Secure Trust Bank Completes £10 Million Share Buyback Programme
Positive
Oct 21, 2026
Secure Trust Bank PLC has completed its £10 million share buyback programme, initiated following the sale of its Consumer Vehicle Finance business to return excess capital to shareholders. The second £5 million tranche, running from 7 Se...
Business Operations and StrategyStock Buyback
Secure Trust Bank Reduces Share Count with Ongoing Buyback
Positive
Oct 21, 2026
Secure Trust Bank PLC has continued execution of its previously announced £10 million share buyback programme, acquiring 18,826 ordinary shares between 19 and 20 October 2026 under the second £5 million tranche. The repurchased shares wi...
Business Operations and StrategyStock Buyback
Secure Trust Bank Advances £10m Buyback With New Share Cancellation
Positive
Oct 19, 2026
Secure Trust Bank has executed a further tranche of its previously announced £10 million share buyback programme, repurchasing 66,539 ordinary shares between 12 and 16 October on the London Stock Exchange. The shares, bought at prices around ...
DividendsRegulatory Filings and Compliance
Secure Trust Bank Discloses PDMR Share Purchase Under Dividend Plan
Positive
Oct 15, 2026
Secure Trust Bank PLC has disclosed that Andrew Phillips, a person discharging managerial responsibilities, acquired 16 ordinary shares on 14 October 2026 via an automated dividend reinvestment plan at £14.72998 per share. The transaction, ex...
Business Operations and StrategyStock Buyback
Secure Trust Bank advances £10m buyback with new share repurchases
Positive
Oct 12, 2026
Secure Trust Bank PLC has initiated the second £5 million tranche of its planned £10 million share buyback programme, repurchasing 59,817 ordinary shares between 5 and 9 October 2026 on the London Stock Exchange. The purchases, executed ...
Business Operations and StrategyStock Buyback
Secure Trust Bank Advances £10m Share Buyback, Cuts Share Count
Positive
Oct 5, 2026
Secure Trust Bank has continued executing the second £5 million tranche of its planned £10 million share buyback programme, repurchasing 63,235 ordinary shares between 28 September and 2 October 2026 on the London Stock Exchange. The rep...
Business Operations and StrategyRegulatory Filings and Compliance
Secure Trust Bank Clarifies Total Voting Rights and Share Capital Structure
Positive
Oct 1, 2026
Secure Trust Bank PLC has confirmed that, as at 30 September 2026, its issued share capital comprises 18,676,832 ordinary shares of 40 pence each, with no shares held in treasury. This means the total number of voting rights in the company is 18,6...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Secure Trust Bank corrects share count as buyback trims equity base
Positive
Sep 28, 2026
Secure Trust Bank has corrected an earlier disclosure on its ongoing share buyback, clarifying that the total number of ordinary shares with voting rights will be 18,676,832 after the latest tranche of repurchased shares is cancelled. The bank acq...
Business Operations and StrategyStock Buyback
Secure Trust Bank cancels latest tranche of share buybacks
Positive
Sep 28, 2026
Secure Trust Bank has repurchased 43,619 of its own ordinary shares between 21 and 25 September 2026 on the London Stock Exchange as part of the second £5 million tranche of its £10 million share buyback programme. The bank plans to canc...
Executive/Board ChangesRegulatory Filings and Compliance
Secure Trust Bank grants CEO share options under updated Sharesave scheme
Positive
Sep 24, 2026
Secure Trust Bank PLC has granted 762 share options over ordinary shares to chief executive Ian Corfield under its updated 2017 Sharesave Plan, with an exercise price of £11.93 per share. The options are scheduled to vest on 1 November 2029 a...
Business Operations and StrategyStock Buyback
Secure Trust Bank Advances £10m Share Buyback With New Repurchases
Positive
Sep 21, 2026
Secure Trust Bank has repurchased 38,773 ordinary shares between 14 and 18 September as part of the second £5m tranche of its £10m share buyback programme. The shares, acquired on the London Stock Exchange at prices around 1,480p–1...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Secure Trust Bank Cancels Shares After Second Tranche of £10m Buyback
Positive
Sep 14, 2026
Secure Trust Bank has repurchased 40,325 ordinary shares between 7 and 11 September 2026 as part of the second £5 million tranche of its planned £10 million share buyback programme. The purchases, executed on the London Stock Exchange vi...
Business Operations and StrategyStock BuybackDividends
Secure Trust Bank launches second £5m tranche of share buyback
Positive
Sep 7, 2026
Secure Trust Bank has launched the second £5 million tranche of its £10 million share buyback programme, following completion of the first £5 million tranche in August 2026. The programme uses surplus capital released from the sale ...
Regulatory Filings and Compliance
Secure Trust Bank Updates Market on Total Voting Rights
Neutral
Sep 1, 2026
Secure Trust Bank has confirmed that, as of 31 August 2026, its issued share capital comprises 18,795,675 ordinary shares of 40p each, with no shares held in treasury. This leaves the total number of voting rights at 18,795,675, a figure sharehold...
Regulatory Filings and Compliance
Secure Trust Bank PDMR Exercises and Retains LTIP Share Options
Neutral
Aug 21, 2026
Secure Trust Bank PLC has disclosed that PDMR Luke Jooste exercised options over 4,724 ordinary shares under the bank’s 2017 Long Term Incentive Scheme. The options were exercised at nil cost and all shares have been retained, underscoring o...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Secure Trust Bank posts strong H1 2026 as strategy drives growth and returns
Positive
Aug 13, 2026
Secure Trust Bank reported a strong first-half performance for 2026, underscoring the progress of its new strategy aimed at targeted growth and higher returns. The UK specialist bank grew net lending balances by 4.9% to £3.5bn, maintained a s...
Business Operations and StrategyStock BuybackDividendsM&A Transactions
Secure Trust Bank completes first £5m share buyback tranche and plans next phase
Positive
Aug 6, 2026
Secure Trust Bank has completed the first £5 million tranche of its previously announced £10 million share buyback programme, repurchasing 323,406 ordinary shares between 29 June and 5 August at an average price of 1,546.036 pence. The b...
Business Operations and StrategyStock Buyback
Secure Trust Bank Cancels Newly Repurchased Shares Under Buyback
Positive
Aug 6, 2026
Secure Trust Bank has repurchased 42,034 ordinary shares under its ongoing share buyback programme, conducted between 3 and 5 August 2026 on the London Stock Exchange. The transactions, executed through broker Shore Capital, were carried out at pr...
Business Operations and StrategyStock Buyback
Secure Trust Bank Cancels Shares After Further Buybacks
Positive
Aug 3, 2026
Secure Trust Bank has repurchased 73,997 ordinary shares as part of its ongoing share buyback programme, executed between 27 and 31 July on the London Stock Exchange through broker Shore Capital. The bank plans to cancel these shares, reducing the...
Regulatory Filings and Compliance
Secure Trust Bank Updates Market on Total Voting Rights
Neutral
Aug 3, 2026
Secure Trust Bank has confirmed that as of 31 July 2026 its issued share capital comprised 18,882,488 ordinary shares of 40p each, with no shares held in treasury. This sets the company’s total voting rights at 18,882,488, providing the refe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.