Shawbrook backs targets and dividend aim after "disciplined" quarter

Shawbrook Group PLC on Thursday maintained its annual guidance as its loan book and customer deposits increased during the third quarter.

The London-based lender and savings products provider said the third quarter was one "of disciplined, efficient growth".

Its loan book, including originate-to-distribute balances, amounted to £20.3 billion at the end of September, up from £20.1 billion on June 30 and £19.2 billion at the end of last year.

Customer deposits increased to £19.6 billion from £18.8 billion at June 30 and £18.4 billion at the end of 2025.

Its common equity tier one capital ratio strengthened to 13.4% from 13.0% at June 30. The CET1 ratio is a measure of a bank's financial strength.

"Our scalable platform, including our deposit franchise, continues to underpin our ability to profitably grow our specialist lending proposition whilst maintaining credit discipline and careful cost management. This combination has delivered 10% annualised loan book growth and sustainable returns, with net capital generation taking our CET1 ratio to 13.4%. We are well capitalised ahead of our maiden dividend payable next year and remain on track to meet our FY 2026 guidance," Chief Executive Officer Marcelino Castrillo said.

Shawbrook maintained its annual targets for a loan book of around £21 billion, underlying return on tangible equity of approximately 17% and a cost-to-income ratio below 38%.

It remains on track to pay its maiden ordinary dividend next year in respect of its 2026 results.

Shawbrook listed in London back in October 2025 at 370p per share, for a £1.92 billion market capitalisation.

Shares closed up 4.2% at 301.00p in Thursday, down 19% from its IPO price.

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