Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com -- Permanent TSB Group Holdings on Thursday announced the start of a formal sale process with the support of the Irish Government in its Q3 2025 trading update.
The bank reported a CET1 ratio of 15.5%, unchanged from the previous quarter and 150 basis points above management’s target of over 14%. The regulatory requirement stands at 10.69%.
Net interest income decreased 6% year-over-year in the first nine months of 2025, driven by lower interest rates, partially offset by higher interest-earning assets. The 9-month net interest margin was 2.01%, slightly lower than the first-half figure of 2.02%.
PTSB’s loan book increased 1% quarter-on-quarter to €22.4 billion, with the bank maintaining over 20% market share of mortgage flows in the first nine months of 2025. The Business Banking loan book grew 11% year-to-date.
Underlying operating expenses increased approximately 1% year-over-year in the first nine months, with the bank noting a "temporary increase in investment costs" in Q3. The underlying cost-to-income ratio stood at approximately 77%.
Asset quality remained strong with non-performing loan balances down €3 million compared to the first half of 2025, resulting in an NPL ratio of 1.7%, down from 1.8%. The bank recorded no impairment charge in the first nine months of 2025.
Customer deposits increased 1% quarter-on-quarter to €25.4 billion, driven by modest growth in both current accounts and term deposits. The loan-to-deposit ratio increased to 87% from 86% in the first half.
Management reiterated its full-year 2025 guidance, including a net interest margin above 2.0%, a low to mid-single digit year-over-year decline in underlying total income, and a return on tangible equity of approximately 5.0%.
The bank also confirmed its intention to restart dividend payments to shareholders next year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.