Shawbrook Group (SHAW) Q1 2025 TU earnings summary

Executive summary

• Achieved annualised loan book growth of 15% to £15.8 billion, driven by strong demand in specialist Commercial and Retail markets.

• Structured Lending pipeline reached a record high, supporting UK SMEs with strategic investments.

• Re-launched JBR Capital in high-end vehicle finance, with lending volumes gaining momentum.

• Completed integration of TML and BML into a unified Retail Mortgage business, enhancing scalability and distribution.

Financial highlights

• Deposit book increased to £16.6 billion from £15.8 billion at year-end 2024, supported by seasonal demand.

• Cost of risk improved to 34bps from 47bps in FY 2024, indicating resilient credit quality.

• Maintained strong capital position: CET1 ratio at 12.9% and total capital ratio at 15.6% (excluding unverified profits: 12.4% and 15.1%).

• Continued repayment of TFSME drawings, reducing balances to £0.4 billion from £0.8 billion at year-end 2024.

Outlook and guidance

• Strategic options under consideration to facilitate long-term growth, with updates to be provided as decisions are made.

• Confidence in strategy and business model reinforced by current performance, positioning for future opportunities.