Ireland · Delayed Price · Currency is EUR Permanent TSB Group Holdings Earnings Call Transcripts
Fiscal Year 2025
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2025 saw record lending, strong capital, and cost reductions, with a return to dividend payments after 18 years. Regulatory approval of IRB models improved competitiveness and capital efficiency, supporting a positive outlook for growth and returns.
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A formal sales process has been launched to seek a new owner, with strong financial performance in Q3 2025, robust loan and deposit growth, and reaffirmed ROTE targets for 2027 and 2028. No current buyer engagement; process aims to maximize shareholder value.
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Strong H1 2025 results with 7% deposit growth, 66% increase in new lending, and CET1 at 15.5%. Operating profit fell 17% year-on-year due to lower interest rates, but cost control and capital strength remain robust. Dividend payments targeted for 2026, pending regulatory approval.
Fiscal Year 2024
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Strong 2024 results featured profit before tax doubling, robust capital, and digital growth. Guidance for 2025 includes lower income, cost reduction, and resumed dividends, with medium-term targets focused on efficiency and sustainable returns.
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Profit before tax rose to EUR 75 million, driven by higher net interest income and strong asset quality. Deposit base and business lending grew, while cost efficiency and capital strength remain priorities. Dividend policy targets a 40% payout, with first distribution likely in 2026.