We are a UK specialist bank. Our lending products include mortgages for landlords and loans for business customers.

Our purpose is to support the ambitions of the people and businesses of the UK by delivering specialist financial services.

Find out more

Investors

Our strategy is to build a specialist bank for our customers, which delivers sustainable growth and shareholder returns through a low risk and robust model.

Overview

2021 Full year results

Record profits underpinned by strong lending and margin growth.

Find out more

Sustainability

Sustainability is central to our long-term success and it influences every aspect of our business

Overview

2021 Responsible Business Report

Sharing our progress on key environmental, social and governance issues.

News

Keep up-to-date with the latest new releases and insights from across our business.

Overview

Buy-to-let special report

As buy-to-let celebrates its 25th anniversary, we look at its evolution and impact.

Find out more

Careers

We understand how important our employees are to the business and, in recognition of this, we provide a variety of excellent reasons to work for us.

Overview

Join our team!

Find out what it’s like to work at Paragon and explore our current vacancies.

Learn more

Investors

2021 Full year results

Record profits underpinned by strong lending and margin growth.

Investment case

Find out what makes Paragon a unique company to invest in

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)

15.4%

CET 1
(2020: 14.3%)

26.1 pence

Full year dividend
(2020: 14.4 pence)

*For underlying basis, see Appendix A of Results announcement

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 Officer

See latest results