28 April 2021 - first quarter results

The bank has reported solid first quarter results with underlying profit before tax substantially higher than 2020 largely due to lower impairment charges.  Earnings per share for the quarter were 1.8p and net assets per share at 31 March were 52.4p.  Given its focus on the UK market, the bank is clearly a beneficiary of economic recovery here and it has enhanced its guidance for 2021 as a result.  The bank is looking to resume dividends at some point although no date has been given for this.  Although the shares have risen . . .

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