Arbuthnot Banking Group deliver strong profits in H1 results, confirms Chairman Sir Henry Angest

Arbuthnot Banking Group Plc (LON:ARBB) has announced a half yearly profit before tax of £20.8m.

Arbuthnot Banking Group PLC is the holding company for Arbuthnot Latham & Co., Limited.

FINANCIAL HIGHLIGHTS

Profit before tax of £20.8m for the six months to 30 June 2024 (30 June 2023: £26.4m), as expected, as existing fixed rate deposits have continued to reprice onto higher terms as they are renewed.
Underlying profit before tax of £20.8m (30 June 2023: £29.3m)*.
Earnings per share of 94.6p (30 June 2023: 129.4p; 31 December 2023: 222.8p).
CET1 capital ratio of 11.6% (30 June 2023: 12.2%; 31 December 2023: 13.0%) and total capital ratio of 13.6% (30 June 2023: 14.5%; 31 December 2023: 15.2%).
Interim dividend of 20p per share previously announced and already paid in June (30 June 2023: 19p per share).
Special dividend of 20p per share previously announced and already paid in June.
Net assets per share at 30 June 2024 of £15.75 (30 June 2023: £14.70; 31 December 2023: £15.47).
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