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Latest results – 2021 Full year results

We enter 2022 with strong pipelines at near record levels, improved margins and the capital to continue to invest in and grow our business, as well as generate additional returns for shareholders via a new buyback programme and materially increasing our full year dividend. We remain confident in our outlook and are on track with our plans to become the UK’s leading technology-enabled specialist bank.

Nigel Terrington
Chief Executive

Key information

Results Statement

07/12/2021 | Results announcement

Available now

Results Presentation

07/12/2021 | Results presentation

Available now

Presentation Video

07/12/2021 | Presentation replay

Available now

Business highlights

Nigel Terrington
Chief Executive

Richard Rowntree
Managing Director – Mortgages

Robert Orr
Managing Director – Development Finance

Performance summary

for the 12 months ended 30 September 2021

£2.60 billion

New lending
+26.9% increase
(2020: £2.05 billion)

£194.2 million

Underlying profit before tax*
+61.8% increase
(2020: £120.0 million)

239 basis points

Net interest margin
(2020: 224 basis points)

59.3 pence

Underlying EPS*
+62.5% increase
(2020: 36.5 pence)


(2020: 14.3%)

26.1 pence

Full year dividend
(2020: 14.4 pence)

*For underlying basis, see Appendix A of Results announcement

Reports and market insight

Business Report

2021 Responsible Business Report

Sharing our progress on key environmental, social and governance issues


Covid-recovery for UK SMEs

Six key trends as UK SMEs emerge from the pandemic

Buy to let Anniversary

25 years of buy-to-let

Follow the evolution of buy-to-let lending and its impact on the UK’s private rented sector

Financial calendar

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Half year results

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Q3 Trading Update

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For enquires about the results

Investors and analysts

Paragon – Nicola Foster and Kathryn Rhinds

0345 849 4003


Headland – Lucy Legh and Del Jones

020 3805 4822