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Latest results – 2023 Full year results

The strength of the business model and through-the-cycle experience of the management team provides strong foundations to capitalise on opportunities and continue to deliver strong returns for shareholders.

Nigel Terrington
Chief Executive


Key information

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Wednesday, 06/12/2023

Results statement

Results Presentation

Wednesday, 06/12/2023

Results presentation

Woman using laptop

Wednesday, 06/12/2023

Webcast replay

Performance summary

For the 12 months ended 30 September 2023

£277.6 million

Underlying profit before tax*
(2022: £221.4 million)

20.2%

Underlying return on tangible equity*
(2022: 16.0%)

37.4 pence

Dividend per share
+30.8%

£3.0 billion

New lending
(2022: £3.2 billion)

£14.9 billion

Total loan book
(2022: £14.2 billion)

£13.3 billion

Savings deposits
(2022: £10.7 billion)

*For underlying basis, see Appendix A of full year results announcement

Progress on strategic priorities

progress-on-strategic-priorities-1

Growth

10.2% new lending CAGR since 2015

progress-on-strategic-priorities-2

Diversification

Commercial Lending 37.5% of Group’s 2023 new lending

progress-on-strategic-priorities-3

Digitalisation

Technology transformation accelerating

progress-on-strategic-priorities-4

Capital management

£483 million share buy-backs since 2015

progress-on-strategic-priorities-5

Sustainability

42% reduction in our market-based emissions compared to 2019 baseline

News and reports

Woman on steps of house

The rise of the limited company landlord

SED Services recycles waste into profit

SED Services recycles waste into profit

2023 Responsible Business Report

2023 Responsible Business Report

Financial calendar

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05
June
2024

Half year results

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25
July
2024

Q3 Trading update

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For enquiries about the results

Investors and analysts

Paragon – Nicola Foster and Kathryn Rhinds

0345 849 4003

Media

Headland – Lucy Legh and Charlie Twigg

020 3805 4822