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Arbuthnot Banking Group (ARBB): The power rang...
Arbuthnot Banking Group (ARBB): The power rang....
About this update from Arbuthnot Banking Group Plc
[{"type":"text","content":"\n \n\n\nHardman & Co Research \n\n\n\nHardman & Co Research : Arbuthnot Banking Group (ARBB): The power ranger of relationship deposit banking22-Jul-2022 / 10:50 GMT/BST\n\n\nHardman & Co Research on Arbuthnot Banking Group (ARBB): \n\nThe power ranger of relationship deposit banking\n\nABG smashed expectations with underlying 1H’22 profits of £10.7m, which is more than we had forecast for the full year. This was driven by widening margins in a rising rate environment, and, in particular, being a bank with relationship deposits rather than rate-sensitive best-buy accounts. Before getting too excited, we note 1H’21 was exceptional, and margins will normalise over time, but we have materially increased both FY’22 and FY’23 estimates, despite cost pressures. Current credit cost metrics continue to improve, and management indicates its forward-looking metrics show no signs of stress. Growth and new capital requirements are absorbing the previously large capital surplus.\n\nPlease click on the link below for the full report:\n\nhttps://hardmanandco.com/research/corporate-research/the-power-ranger-of-relationship-deposit-banking/\n\nIf you are interested in meeting the company, you can register your interest by clicking on the above link.\n\n\n To contact us:\n\n Hardman & Co1 Frederick’s Place\n\n London\n\n EC2R 8AE\n\n www.hardmanandco.com\n\n Follow us on Twitter @HardmanandCo\n \n \n Contact:\n\n Mark Thomas\n\n +44 (0)203 693 7075\n \n \n \n\n [email protected] \n \n Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.\n\nAbout Hardman & Co: For the past 25 years Hardman has been producing specialist research designed to improve investors’ understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies’ profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case. \n\nHardman Research Ltd, trading as Hardman & Co, is an appointed representative of ...