The Paragon Banking Group Board have declared an interim dividend for the year ending 30 September 2022 of 9.4 pence per share (2021 H1: 7.2 pence), 50% of the 18.9p final dividend declared for 2021. This dividend will absorb £22.7 million of capital and will be paid on 29 July 2022 to shareholders on the register on 8 July 2022.
Other financial highlights include:
Underlying profits increased 27.3% to £105.5 million (2021 H1: £82.9 million)
Statutory profit before tax up 49.0% at £143.6 million (2021 H1: £96.4 million)
Structural NIM enhancement to 2.57% accelerated by rate environment (2021 H1: 2.32%)
Cost:income ratio reduced to 41.2% (2021 H1: 42.5%)
Underlying EPS increased 29.4% to 32.6 pence (2021 H1: 25.2 pence), while statutory EPS increased 51.5% to 44.4 pence (2021 H1: 29.3 pence)
Capital base remains strong - CET1 15.4% (31 March 2021: 16.0%)
Underlying RoTE 14.9% (2021 H1: 12.8%)
