Shawbrook Group (SHAW) Q3 2024 TU earnings summary

Executive summary

• Loan book grew 18% annualised to £15.1bn, driven by strong net lending in specialist real estate and SME markets.

• Deposit book increased 16% annualised to £15.2bn, reflecting strengthened funding.

• Acquisition of JBR Auto Holdings Ltd. completed in September, supporting inorganic expansion.

• Digital Savings platform launched, enhancing customer experience and self-service options.

Financial highlights

• Surpassed £15bn in both loan and deposit books for the first time.

• Completed £399m securitisation of owner-occupied loans in October, providing external funding and capital optimisation.

Outlook and guidance

• Anticipates continued expansion and value creation in core SME and Real Estate markets.

• Stable macroeconomic outlook and rising customer confidence position the group for further strategic delivery.