Secure Trust Bank PLC is a longstanding established UK bank, having been incorporated in 1954. Its core business is to provide banking services including a range of lending solutions and savings products. The bank operates from its head office in Solihull, West Midlands and had 589 full-time equivalent employees at 30 June 2014. It has been a subsidiary of the Arbuthnot Banking Group since 1985. Visit www.arbuthnotgroup.com for more information on the Arbuthnot Banking Group.

The bank successfully listed on the Alternative Investment Market (AIM) in November 2011 and has increased its portfolio in recent years, acquiring the Everyday Loans Group and the V12 Finance Group in June 2012 and January 2013 respectively and the trade and certain assets of Debt Managers Holdings Ltd in January 2013.

The bank’s diversified lending portfolio focuses on its core products of unsecured personal lending, motor finance and retail finance, whilst it is also now developing lending solutions for the small and medium-sized enterprises (SME) market. It provides current accounts to UK customers who may not be adequately served by other banks and its lending is entirely funded by customer deposits, with no exposure to wholesale funding.

Personal lending

These are fixed rate, fixed term products with loan terms of between 12 and 60 months and advances varying from £500 to £15,000. The acquisition of Everyday Loans in June 2012 has significantly broadened the bank’s reach to a wider market as well as introducing a high street presence.

Motor finance

Motor finance is a multi-channel offering through motor dealerships and brokers. These are fixed rate, fixed term hire purchase agreements which are secured mainly against used cars with finance term periods ranging from 24 to 60 months and a maximum loan size of £15,000. The bank services the majority of the Top 100 UK car dealership groups.

Retail finance

Retail finance offers lending solutions for store and online retailers for fixed rate unsecured loans of up to £25,000 and terms ranging from 6 to 48 months. The bank acquired the V12 Finance Group during 2013; an acquisition which was complementary to the bank’s existing retail finance activities and which has enabled it to integrate its retail lending activities with those of the V12 Finance Group to leverage their market leading point of sale system.

SME finance

This comprises the Real Estate Finance, Commercial Finance and Asset Finance businesses.

Real Estate Finance has built a significant pipeline of predominantly short-term development finance, typically for house building. The new Commercial Finance and Asset Finance businesses are also being developed with proven high quality teams recruited.

Current Accounts

These offer customers a current account with a prepaid card. A monthly fee is charged for the service but customers have the ability to earn rewards at participating retailers. The current account product has undergone progressive enhancements since its introduction.

Savings products

These represent a combination of instant access accounts, notice deposits and deposit bonds with competitive interest rates


http://www.securetrustbank.com/general/about-secure-trust-bank

Secure Trust Bank PLC (STB:LSE) set a new 52-week high during today's trading session when it reached 1,925. Over this period, the share price is up 81.38%.

preliminary results announcement for the year ended 31 December 2012 scheduled for 21 March 2013.

Final Results




Financial Highlights



· Operating income increased by 65% to £47.0m (2011: £28.5m)

· Statutory profit before tax increased by 136% to £17.2m (2011: £7.3m)

· Underlying* profit before tax increased by 110% to £16.6m (2011: £7.9m)

· Core Tier 1 Capital ratio at year end of 23% (2011: 21%)

· Loan to deposit ratio 75% (2011: 57%)

· Gross leverage ratio 5.8x (2011: 6.7x)

· Post-tax return on average equity 39% (2011: 26%)

· Reported earnings per share 108.9p (2011: 39.6p)

· Underlying* earnings per share 89.2p (2011: 55.6p)

· Proposed final dividend per share of 43p



Operational Highlights



· First bank in the UK to be granted the Customer Service Excellence Award, introduced by the Cabinet Office in 2010 to replace the Kite Mark

· New internet banking platform launched

· Customer numbers grew 60% to 231,713

· Customer lending balances increased by 93% to £297.6m

· Customer deposits increased by 47% to £398.9m

· Impairments have continued to be lower than the level expected at origination

· Robust contribution from Everyday Loans following the acquisition in June 2012




http://www.moneyam.com/action/news/showArticle?id=4559016

Small is beautiful

http://www.edisoninvestmentresearch.co.uk/researchreports/STB_28032013_outlook.pdf

:-))

A buy in this weeks shares mag - secure trust is a rock solid growth play.

It funds its lending from the deposits it receives rather than from the wholesale or inter-bank markets. Consensus expects the bank's strong growth to continue . Its pre-tax profits are expected to rise to £23m this year, up from £17.1m in 2012. Analysts expect £30.4m in 2014.

On Friday, Secure Trust Bank PLC (STB:LSE) closed at 1,950, 1.27 % below its 52-week high of 1,975, set on Mar 04, 2013.

Interim 2013 results announcement 18 July 2013

up 7% today.


Secure Trust Bank PLC (STB:LSE) set a new 52-week high during today's trading session when it reached 2,400. Over this period, the share price is up 130.66%.

Secure Trust Bank maintains discipline as customer numbers soar


http://sharecast.com/news/secure-trust-bank-maintains-discipline-as-customer-numbers-soar/21036552.html

Secure Trust Bank
Interim results 2013
Exploiting opportunities


http://www.edisoninvestmentresearch.com/researchreports/STB230713update.pdf

In this weeks IC - Secure Trust is growing fast-

Don't be fooled by the sharp drop in headline half-year profits at Secure Trust Bank (STB) - that reflects a one off £8.9m fair valuation gain in the prior years figures. Underlying pre-tax profit actually grew 37% year on year to £10.3m. That impressive performance-which centres mainly on car finance and personal loans - included a 41% increase in the over all loan book to £365.8m, while customer numbers jumped 64% to
325,052. Moreover, the group's lending operations aren't reliant on raising funds through the wholesale market and are financed by retail customers deposits - in the first half, that balance grew 30% to £386.7m.
However, the current cost of wholesale funding is less than the rates paid to retail depositors. Accordingly the bank has secured access to cheap funds through the funding for lending scheme and there are plans to accelerate lending to the small and medium sized enterprises sector. But management stressed that there's no intention on becoming reliant on wholesale funding. The bank also completed the acquisition
of V12 Retail Finance Group and Dept Managers - some cost synergies are expected in the second half.
Broker Canaccord Genuity expects full year adjusted pre-tax profits of £23m, giving EPS of 113p (from £16.6m and 89p in 2012)


Secure Trust is relatively small, but is also well capitalised and well funded. Indeed, it's well-placed to seriously challenge the high street lenders. However the tightly held shares have more than doubled in the past year and, now trading on a hefty 20 times forecast earnings, they look up with events.

Wow, no stopping secure trust bank.

Recommended in this week's SHARES. It looks a good long term bet.

Final results Thursday 20 March

Final Results

RNS


RNS Number : 7242C

Secure Trust Bank PLC

20 March 2014










PRESS RELEASE

For immediate Release

20 March 2014



SECURE TRUST BANK PLC

Audited Final Results for the year to 31 December 2013

Continued growth and record profits

Secure Trust Bank PLC ("STB" or "the Company") today announces continued strong progress during 2013. An increase in customer lending balances of 31% and an increase in overall customer numbers of 51% demonstrate the appeal of STB's simple straightforward banking philosophy. Record underlying profits before tax of £25.2m, an increase of 52% from 2012 provide another positive set of results.

Financial Highlights

· Underlying* profit before tax increased by 52% to £25.2m (2012: £16.6m)

· Statutory profit before tax was £17.1m (2012: £17.2m)

· Operating income increased by 68% to £79.0m (2012: £47.0m)

· Loan to deposit ratio 90% (2012: 75%)

· Underlying* post-tax return on average equity 31% (2012: 32%)

· Post-tax return on average equity 21% (2012: 39%)

· Reported earnings per share 78.3p (2012: 108.9p)

· Underlying* earnings per share 118.2p (2012: 89.2p)

· Proposed final dividend per share of 47p (2012: 43p)

· Proposed total dividend per share of 62p (2012: 57p)

· Core Tier 1 Capital ratio at year end of 20% (2012: 23%)



Operational Highlights

· Customer numbers grew 51% to 350,861

· Customer lending balances increased by 31% to £391.0m

· Customer deposits increased by 9% to £436.6m

· Impairments have continued to be lower than the level expected at origination

· Renewal of Customer Service Excellence Award, introduced by the Cabinet Office in 2010 to replace the Kite Mark.

· Renewal of Fairbanking Foundation 4 star mark in respect of the current account product

· Strong contribution from Everyday Loans following the acquisition in June 2012

· V12 integration completed and substantial pipeline of new business being pursued

· Secure Trust Bank Real Estate Finance operational with substantial pipeline of opportunities

· Secure Trust Bank Invoice Finance platform build progressing and expect to begin writing business in H1 2014



Henry Angest, Chairman, said:

"Secure Trust Bank is delighted to announce record levels of underlying profits today which reflect the progress made in executing our strategic plan. Our very strong balance sheet gives us the ability to increase our loan book further and continue to provide strong returns to shareholders."

Paul Lynam, Chief Executive Officer, said:

"2013 was another excellent year for Secure Trust Bank. We have generated strong returns from the existing core businesses whilst achieving high levels of customer satisfaction as evidenced by a number of external awards and Feefo (a customer review and feedback system) ratings in the range of 90 - 95%. The current momentum and the creation of a new SME lending division give us confidence for the current year and beyond."

* Before acquisition costs (2013: £0.9m; 2012: £3.1m), fair value adjustments (2013: £4.9m cost; 2012: £6.9m income), costs associated with share based payments (2013: £2.2m; 2012: £1.6m) and Arbuthnot Banking Group management charges (2013: £0.1m; 2012: £0.1m), income from acquired portfolios (2012: £0.4m) and excess funding costs incurred prior to completion of acquisitions (2012: £1.9m). All numbers quoted are before tax.

-ENDS-

20 Mar Canaccord... 3,125.00 Buy

Wed 9 Apr ex divi 47p

10 Jul Oriel... 3,180.00 Buy

Half Yearly Report

RNS


RNS Number : 8844M

Secure Trust Bank PLC

22 July 2014








PRESS RELEASE

Tuesday 22 July 2014

For Immediate Release





SECURE TRUST BANK PLC



Interim results for the six months to 30 June 2014



Positive momentum and record profits



Secure Trust Bank PLC ("Secure Trust Bank" or the "Company") is pleased to announce half year results for the six months to 30 June 2014. The Company has traded strongly during H1 2014 achieving underlying profit before tax of £15.2m, up 48% compared with the same period last year. The benefits of its previous acquisitions, strong controlled growth in the lending book and the entry into SME markets have contributed to a new record level of underlying profit.



FINANCIAL HIGHLIGHTS



· Operating income £43.8m (H1 2013: £36.3m)

· Underlying* profit before tax £15.2m (H1 2013: £10.3m) representing growth of 48%

· Reported profit before tax £11.4m (H1 2013: £6.2m) representing growth of 84%

· Capital ratios, liquidity and funding positions remain strong

· Underlying* annualised return on average equity 39.8% (H1 2013 annualised: 33.3%)

· Earnings per share 53.6p (H1 2013: 30.5p)

· Underlying* earnings per share 73.8p (H1 2013: 50.4p)

· Interim dividend per share of 16p, a 7% increase (H1 2013: 15p)



OPERATIONAL HIGHLIGHTS



· Overall loan book increased to £447.8m; a 22% increase on H1 2013: £365.8m

· Customer deposits increased to £476.8m; a 23% increase on H1 2013: £386.7m

· Total customer numbers increased to 391,610; a 20% increase on H1 2013: 325,052

· Impairments remain below levels expected at origination

· Real Estate Finance team established with a substantial pipeline of business opportunities being worked on

· Invoice Finance executive team recruitment completed, testing of the operating platform is progressing and business due to commence during Q3

· Successful completion of fund raising increased capital resources by 77%





* Before acquisition costs (2014: £0.2m; 2013: £0.3m), fair value adjustments (2014: £2.7m; 2013: £2.7m), costs associated with share based payments (2014: £0.8m; 2013: £1.0m) and Arbuthnot Banking Group management charges (2014: £0.1m; 2013: £0.1m). All numbers quoted are before tax and relate to the six months ended 30 June.



Henry Angest, Chairman, said:

"Secure Trust Bank has continued to implement its strategy of providing simple straightforward banking solutions to customers, whilst remaining true to its philosophy of managing the bank's balance sheet on a prudent basis. The improving economic environment, the better than expected performance of the existing lending activities, and the increased capital resources following the recent successful placing provide strong foundations for the bank to diversify into attractive SME markets and give us confidence for continued growth of the business in the second half."

Paul Lynam, Chief Executive Officer, said:

"Our robust results for H1 2014 clearly demonstrate the growth potential of the 'challenger banks' sector and Secure Trust Bank in particular. As the economy recovers, we have written record levels of new loans, without compromising our standards. This growth in lending balances, coupled with lower levels of impairments and tight control of costs has resulted in a new record for underlying profits for the six month period.

The performance and continued growth of our consumer finance portfolios is encouraging and the recent successful completion of a substantial capital raise means we can now diversify into SME lending activities in a meaningful way, building on the expertise and experience that the bank has in this sector. We have continued to position the bank to capitalise on the significant opportunities available to it, in a controlled and prudent manner, and we look forward to the future with confidence."



This announcement together with the associated investors' presentation are available on www.securetrustbank.com/general/results-presentations.