Permanent Tsb Group Holdings Plc · EURONEXT:PTSB
Permanent Tsb — H1 2026 Earnings Presentation
16 slides from Permanent Tsb's earnings presentation, Jul 29, 2026
Slide 1: 2026 Interim Results
2026 Interim Results ptsb ermanen t TSB Group Holdings plc 29th July 2026 Zar J Zar J
Slide 2: H1 2026 Financial Highlights
H1 2026 Financial Highlights Business +2% +3% +11% +€0.4bn YoY +€0.6bn YoY +€0.1bn YoY Performance Deposit Growth Mortgage Loan Business Banking Book Book1 Financial €344m €270m €68m Performance +7% YoY -1% YoY +34% YoY Total Income Total Operating Costs Underlying PBT2 Capital 5.0% 17.7% 6.6% & Ret
Slide 3: Our Strategy is Delivering
Our Strategy is Delivering Personal & Business Banking Customer Experience Our Strategy • Improved retention in mortgages and • Relationship NPS +22 H1’26 deposits, supported by customer outreach • Key Ease of Doing Business Survey scores ➢ Deepening Customer Relationships • Financial Planning engag
Slide 4: Income Statement – Underlying Profit Before Tax up 34%
Income Statement – Underlying Profit Before Tax up 34% Income Statement (€m) H1’26 H1’25 YoY % Key Messages Net Interest Income 313 288 +9% • Total Operating Income €344m, 7% higher Non-Interest Income 31 34 (10%) • Total Operating Costs €270m, 1% lower Operating Income 344 322 +7% • Regulatory Char
Slide 5: New Lending up 6% in H1
New Lending up 6% in H1 Total New Lending (€bn1) New Mortgage Lending (€bn1) & Market Share2 (%) +6% 1.6 1.7 >20% c.19% 0.1 0.1 0.2 0.3 1.3 1.3 1.3 1.3 H1'25 H1'26 H1'25 H1'26 H1'25 H1'26 Mortgage Business Banking Personal Term New Personal Term Lending (€m1) New Business Banking Lending (€m1) 221 +
Slide 6: Net Interest Income up 9%
Net Interest Income up 9% Net Interest Income Movement (€m) Key Messages NIM% • Net interest income up 9% reflecting higher margin and average 2.02% earning assets 2.13% • Net Interest Margin (NIM) of 2.13% (+11bps) • Asset Yield 3.06% (unchanged); Cost of Funds 0.99% (-11bps) 2 6 4 4 9 • Asset yiel
Slide 7: Net Fees and Commissions reduced €1m
Net Fees and Commissions reduced €1m Net Fees and Commissions (€m) Key Messages 35 -4% • Core fees and commissions reduced €1m due to a one-off charge in our retail payments business 30 • Continued active management of our partner costs 25 • Other non-interest income of €1m (€3m in H1 2025) 20 • Att
Slide 8: Operating Costs reduced by 1%
Operating Costs reduced by 1% H1’26 H1’25 YoY Key Messages Cost Base Analysis €m €m % • Total Operating Costs €270m, 1% lower Staff Costs1 117 119 (2%) • Regulatory Charges unchanged at €25m Other Costs 86 83 +4% • Underlying Operating Costs 1% lower, reflecting carryover from voluntary Total Addres
Slide 9: Asset Quality - Impairment Charge of 5bps
Asset Quality - Impairment Charge of 5bps Impairment Release/(Charge) (€m) Key Messages H1’26 H1’25 Portfolio Movement (14) (23) • Impairment charge of €6m (5bps Cost of Risk) for H1’26 Net Remeasurement of Provisions1 3 21 • Provisions as % of gross loans at 1.4%, unchanged from Dec’25 Other 5 2 •
Slide 10: Funding & Liquidity Remains Strong
Funding & Liquidity Remains Strong Total Funding Profile (€bn) Key Messages 30.0 30.3 30.3 • Deposit growth of 2% YoY (+€0.4bn) 2.5 2.5 2.5 2.2 2.3 1.7 2.2 1.6 1.3 • Current account balances rose 3% YoY (+€0.3bn) 9.4 9.5 9.7 • Retail deposits grew by 3% (+€0.5bn), with mix shifting slightly from ter
Slide 11: Strong Capital Position - CET1 Ratio 17.7%
Strong Capital Position - CET1 Ratio 17.7% CET1 Ratio Movement1 (%) RWAs Key Messages €10.9bn €10.0bn €10.1bn • CET1 ratio 17.7% at Jun’26 comfortably above 2026 CET1 SREP requirement of 10.69%2 • RWAs reduced in H1’26 primarily due to new IRB mortgage 19.5% +0.1% +0.5% -0.1% -0.5% +0.3% +1.5% 17.5%
Slide 12: Summary and Outlook
Summary and Outlook 1 PTSB franchise continues to grow and prosper 2 Asset quality remains robust 3 Funding and capital positions are strong 4 Financial guidance for 2026 remains unchanged inc. RoTE >9% 5 Medium-term targets also unchanged with RoTE >10% in 2027 and c. 13% in 2028 12
Slide 13: Five Year Income Statement
Five Year Income Statement €m H126 FY25 FY24 FY23 FY22 Net Interest Income 313 590 612 620 362 Other Income 31 65 60 48 47 Total Income 344 655 672 668 409 Total Operating Costs (270) (519) (531) (504) (395) Operating Profit / (Loss) 74 136 141 164 14 Impairment (Charge) / Release (6) 39 39 2 31 Pro
Slide 14: Five Year Balance Sheet
Five Year Balance Sheet €bn Jun’26 Dec’25 Dec’24 Dec’23 Dec’22 Total Loan Book (net) 22.6 22.2 21.4 21.5 19.6 Treasury Assets 7.0 7.1 6.5 5.3 5.3 Other Assets 0.9 1.1 1.0 1.0 1.0 Total Assets 30.5 30.5 28.9 27.8 25.9 Retail Deposits (incl. Current Accounts) 24.3 24.0 22.7 21.7 20.6 Corporate & Insti
Slide 15: Regulatory Capital
Regulatory Capital Jun’26 Dec’25 €m €m Risk Weighted Assets 10,145 10,936 Common Equity Tier 1 1,798 1,739 Additional Tier 1 245 245 Tier 1 Capital 2,043 1,984 Tier 2 Capital 323 298 Total Capital 2,366 2,282 Common Equity Tier 1 Capital 17.7% 15.9% Tier 1 Capital 20.1% 18.2% Total Capital 23.3% 20.
Slide 16: Thank You
Thank You End of Presentation 16
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