Sep 16 2025
Financials
Recent Research
permanent tsb Group, Begins capital optimisation
Sep 16 2025
FBD Holdings, Post H1 2025 model update
Aug 13 2025
FBD Holdings, Strong performance in H1 2025
Aug 8 2025
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Harworth Group
H1 meets expectations; softer land market could run into 2026
H1 EPRA net disposal value (NDV) has increased slightly (to 223.7p), in line with company guidance. H2 will see sustained activity from the company. However, transaction timelines remain...
permanent tsb Group
Begins capital optimisation
The call of existing and the issuance of new Tier 2 notes mark the beginning of PTSB’s capital optimisation. While we await the outcome of the mortgage IRB model review, meaningful...
Banks
Irish retail interest rates and deposit volumes
Irish retail lending and deposit rates continue to decline in line with the European Central Bank (ECB) deposit rate, albeit at a slower pace. Deposit volumes remain in growth territory,...
Banks
July mortgage approvals: strength to strength
The value of mortgage approvals reached record levels on a rolling 12-month basis, underlining the continued strength of the market. First-time buyers (FTBs) posted further...
FBD Holdings
Post H1 2025 model update
FBD delivered a strong update with H1 2025 demonstrating the strength of the business model with a profitable outcome, strong growth in core markets and a higher dividend than...
FBD Holdings
Strong performance in H1 2025
FBD demonstrates another strong performance in H1 2025. Growth in customer base and gross written premium (GWP) are once more standout features. In addition, results, solvency and...
IRES REIT
Operational quality drives positive H1 result
A material margin beat in H1 (78.0% versus Davy at 76.8%) and better-than-expected disposal profits (€1.5m) have driven a positive earnings surprise at IRES. Net asset value (NAV) at...
Harworth Group
Good operational progress, but market headwinds slowing growth
Valuation headwinds and cost increases have impeded what has otherwise been a good half year of operational progress at Harworth. There will be some pressure on FY25 NDV estimates,...
Banks
UK motor finance ruling; incremental improvement in EBA stress tests
The UK Supreme Court ruling on motor finance removes some of the extreme potential outcomes, but it will take some time yet to understand the full implications – not all lenders will...
AIB Group
H1 2025: in-line; strong capital position
AIB Group (AIBG) has delivered interim results broadly in-line with expectations, with attractive capital generation. Interim dividends are resumed, and capital remains very strong. Lending...
