PTSB reports Q1 2026 trading update
Revenue grows 10%, cost/income ratio falls to 72%, asset quality strong. BAWAG Group offers 297 cents per share. Mortgage share c. 19%.
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Irish retail and SME bank
permanenttsbgroup.ieLast updated
In short: PTSB agreed to a $1.9 billion takeover by Austrian financial group BAWAG while reporting strong 2026 first-quarter results and paying dividends.
Revenue grows 10%, cost/income ratio falls to 72%, asset quality strong. BAWAG Group offers 297 cents per share. Mortgage share c. 19%.
The award recognizes their Home Upgrade Tool, which helps customers estimate retrofit costs, explore options, and understand grants. They were also nominated in two other categories.
Reports underlying profit before tax of €175 million, 6% deposit growth, 3% mortgage book increase, and proposes first dividend since 2008.
PTSB is the first Irish retail bank to achieve this, recognizing customer initiatives and community engagement.
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