Paragon Banking Group Plc (PAG.L) on Wednesday reported marginal rise in profit before tax for the full year and announced a share buyback programme of up to £50 million for fiscal 2026.
Profit before tax was £256.5 million, slightly higher than £253.8 million a year earlier. The increase came despite £25.5 million in provisions for liabilities, compared with none in 2024, while fair value losses narrowed to £11.9 million from £38.9 million.
Operating profit before adjusting items increased by 0.4% to £293.9 million from £292.7 million.
Provisions for losses increased to £41.9 million from £24.5 million.
Net income slipped to £180.3 million from £186.0 million, reflecting a higher tax charge of £76.2 million versus £67.8 million last year. Earnings per share decreased to 87.9p from 85.2p, while underlying basic EPS increased 8.5% to 109.7p from 101.1p.
Total operating income increased to £515.1 million from £496.4 million a year earlier.
Net interest income rose to £502.3 million from £483.2 million last year.
The company declared a dividend of 43.9p per share, up from 40.4p last year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.