Metro Bank Holdings PLC
MTRO · Main Market · Banks · mcap £1,044m · 162.0p
Financials · balance sheet 30 Jun 26 · last twelve months · today’s market value
Source: results 04 Aug 26 ↗
- Market cap
- £1,091m
- Revenue
- £478.9m
- Price / tangible book
- 0.72×
- Net income (owners)
- £71.0m
Share price × shares in issue (from the company’s voting-rights notices)flags: shares_assumed_constant
Revenue, last twelve monthsmissing
Market cap ÷ Tangible book£1,091m ÷ £1,524m
Net income (owners), last twelve monthsLTM to 2026-06-30
Market value
- Market cap
- £1,091m
Share price × shares in issue (from the company’s voting-rights notices)flags: shares_assumed_constant
Cash and debt · balance sheet 2026-06-30
- Cash
- –
- Borrowings
- £0.0m
- Net cash / (debt) ex leases
- –
- Lease liabilities
- £0.0m
- Owner’s net cash
- –
Balance sheet 2026-06-30
Borrowings, current + Borrowings, non-current£0.0m + £0.0m
Cash − Borrowings– − £0.0m = –
Lease liabilities, current + non-current (left out of net cash and EV ex leases)£0.0m + £0.0m
Net cash ex leases − Pension deficit − Deferred consideration − Paid out since
Last twelve months · missing
- Revenue
- £478.9m
- Operating profit
- –
- EBITDA (pre-IFRS 16)
- –
- Net income (owners)
- £71.0m
- Cash from operations
- −£1,088m
- Free cash flow after leases
- –
- Cash conversion
- -1532%
Revenue, last twelve monthsmissing
Operating profit, last twelve monthsmissing
Operating profit + Depreciation (owned assets) + Amortisation
Net income (owners), last twelve monthsLTM to 2026-06-30
Cash from operations, last twelve monthsthe latest full year: 2025-12-31
Cash from operations − Capex (PP&E) − Capex (intangibles) − Lease principal paid − Lease interest paid−£1,088m − £34.0m − £48.0m − £19.0m − £0.0m
Cash from operations ÷ Net income (owners)−£1,088m ÷ £71.0m
Enterprise value
- EV ex leases
- –
- EV incl. leases
- –
Market cap + Borrowings − Cash + Pension deficit + Deferred consideration + Non-controlling interests − Associates & JVs + Paid out since£1,091m + £0.0m − – + £0.0m + £0.0m + £0.0m − £0.0m + £0.0m = –
EV ex leases + Lease liabilities– + £0.0m
Valuation at today’s market cap
- EV / EBIT
- –
- EV / EBITDA
- –
- FCF yield
- –
- Price / book
- 0.72×
- Tangible book
- £1,524m
- Price / tangible book
- 0.72×
- NCAV (net current asset value)
- –
- Price / NCAV
- –
- Net-net working capital
- –
EV ex leases ÷ Operating profit (LTM)– ÷ –
EV ex leases ÷ EBITDA (pre-IFRS 16)– ÷ –
Free cash flow after leases ÷ Market cap– ÷ £1,091m
Market cap ÷ Total equity£1,091m ÷ £1,524m
Total equity − Goodwill − Other intangibles£1,524m − £0.0m − £0.0m
Market cap ÷ Tangible book£1,091m ÷ £1,524m
Current assets − Total liabilities– − £15,501m
Market cap ÷ NCAV£1,091m ÷ –
Cash + 75% × Trade receivables + 50% × Inventories − Total liabilities– + 0.75 × £0.0m + 0.5 × £0.0m − £15,501m
Returns and quality
- ROCE
- –
- ROE
- 5%
- Current ratio
- –
- Net debt / EBITDA
- –
- Accruals ratio
- –
Operating profit (LTM) ÷ (Total assets − Current liabilities)– ÷ (£17,025m − £0.0m) = – ÷ –
Net income (owners, LTM) ÷ Total equity£71.0m ÷ £1,524m
Current assets ÷ Current liabilities– ÷ £0.0m
(Borrowings − Cash) ÷ EBITDA (pre-IFRS 16)
(Net income − Cash from operations) ÷ Total assets – high: profit not backed by cash(£71.0m − −£1,088m) ÷ £17,025m
H1 26 vs H1 25 · results 04 Aug 26 ↗
- Net income
- £49.0m +61%
Hover or tap a figure for its formula and the values used – the names are the line names of the key figures below. Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.
The statement exactly as printed in one results announcement – its own columns (the period and its comparatives), lines and headings, in the company's currency and units. Choose the report above; to compare several years, use Key figures.
Standardised line items in £m, comparable across companies; when a later report restated a period, the later figure is shown and marked r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.
Latest report: H1 26 (six months to 30 Jun 26), published 04 Aug 26 · read the results ↗
The income statement could not be read from this announcement – open the announcement ↗ or see Key figures.
| Assets | ||||
| Loans and advances to customers | 4% | £9,074 | £8,715 | £8,823 |
| Treasury assets 9 | 2% | £6,530 | £6,386 | £6,345 |
| Other assets 10 | 7% | £1,421 | £1,327 | £1,307 |
| Total assets | 4% | £17,025 | £16,428 | £16,475 |
| Liabilities | ||||
| Deposits from customers (1%) | £13,216 | £13,363 | £13,445 | – |
| Deposits from central banks | 0% | £400 | £400 | £400 |
| Debt securities (1%) | £675 | £685 | £684 | – |
| Other liabilities >100% | £1,210 | £522 | £462 | – |
| Total liabilities | 4% | £15,501 | £14,970 | £14,991 |
| Total equity | 5% | £1,524 | £1,458 | £1,484 |
| Total equity and liabilities | 4% | £17,025 | £16,428 | £16,475 |
The cash flow statement could not be read from this announcement – open the announcement ↗ or see Key figures.
| 2025 £’million | 2024 £’million | |
|---|---|---|
| Interest income | 725.4 | 935.4 |
| Interest expense | (265.1) | (557.5) |
| Net interest income | 460.3 | 377.9 |
| Fee and commission income | 96.7 | 98.0 |
| Fee and commission expense | (5.6) | (4.8) |
| Net fee and commission income | 91.1 | 93.2 |
| Net gains on sale of assets | 5.2 | (101.4) |
| Other income | 36.7 | 35.6 |
| Total income | 593.3 | 405.3 |
| General operating expenses | (429.4) | (489.0) |
| Depreciation and amortisation | (61.7) | (77.3) |
| Impairment and write-offs of property, plant, equipment and intangible assets | (0.7) | (44.0) |
| Total operating expenses | (491.8) | (610.3) |
| Expected credit loss expense | (14.3) | (7.1) |
| Profit/(loss) before tax | 87.2 | (212.1) |
| Taxation | (17.5) | 254.6 |
| Profit for the year | 69.7 | 42.5 |
| Profit attributable to ordinary shareholders | 52.4 | 42.5 |
| Profit attributable to other equity holders | 17.3 | – |
| Profit for the year | 69.7 | 42.5 |
| 2025 £’million | 2024 £’million | |
|---|---|---|
| Cash and balances with the other banks | 2,185 | 2,811 |
| Loans and advances to customers | 8,823 | 9,013 |
| Investment securities held at fair value through other comprehensive income | 218 | 377 |
| Investment securities held at amortised cost | 3,942 | 4,113 |
| Derivative financial assets | 23 | 16 |
| Property, plant and equipment | 705 | 711 |
| Intangible assets | 143 | 127 |
| Prepayments and accrued income | 81 | 93 |
| Deferred tax assets (net) | 230 | 240 |
| Other assets | 125 | 82 |
| Total assets | 16,475 | 17,582 |
| Deposits from customers | 13,445 | 14,458 |
| Deposits from central banks | 400 | 400 |
| Debt securities | 684 | 675 |
| Repurchase agreements | 73 | 391 |
| Derivative financial liabilities | - | 1 |
| Lease liabilities | 185 | 205 |
| Deferred grants | 10 | 13 |
| Provisions | 6 | 11 |
| Other liabilities | 188 | 245 |
| Total liabilities | 14,991 | 16,399 |
| Called-up share capital and share premium | 146 | 144 |
| Retained earnings | 1,075 | 1022 |
| Other equity instruments | 242 | – |
| Other reserves | 21 | 17 |
| Total equity | 1,484 | 1,183 |
| Total equity and liabilities | 16,475 | 17,582 |
The cash flow statement could not be read from this announcement – open the announcement ↗ or see Key figures.
| LTM Jun 26 | FY 25 | FY 24 | |
|---|---|---|---|
| Insurance and banking | |||
| Net interest income | 478.9 | 460.3 | 377.9 |
| Net interest margin | – | 3.0% | 1.9% |
| Credit impairment | – | (14.3) | (7.1) |
| Revenue to operating profit | |||
| Exceptional / adjusting items | – | (10.9) | (198.2) |
| Operating profit to net income | |||
| Profit before tax | 104.8 | 87.2 | (212.1) |
| Tax | (16.5) | (17.5) | 254.6 |
| Net income (owners) | 71.0 | 52.4 | 42.5 |
| Per share | |||
| EPS basic | 8.0p | 7.8p | 6.3p |
| EPS diluted | – | 7.7p | 6.3p |
| 30 Jun 26 | 31 Dec 25 | 31 Dec 24 | |
|---|---|---|---|
| Insurance and banking | |||
| CET1 ratio | 12.3% | 12.5% | 12.5% |
| Loans to customers | 9,074.0 | 8,823.0 | 9,013.0 |
| Customer deposits | 13,216.0 | 13,445.0 | 14,458.0 |
| Non-current assets | |||
| Property, plant & equipment | – | 705.0 | 711.0 |
| Current assets | |||
| Cash | – | 2,185.0 | 2,811.0 |
| Total assets | 17,025.0 | 16,475.0 | 17,582.0 |
| Non-current liabilities | |||
| Lease liabilities, non-current | – | 185.0 | 205.0 |
| Total liabilities | 15,501.0 | 14,991.0 | 16,399.0 |
| Equity | |||
| Total equity | 1,524.0 | 1,484.0 | 1,183.0 |
| 30 Jun 26 | 31 Dec 25 | 30 Jun 25 | 31 Dec 24 | |
|---|---|---|---|---|
| Insurance and banking | ||||
| CET1 ratio | 12.3% | 12.5% | 12.8% | 12.5% |
| Loans to customers | 9,074.0 | 8,823.0 | 8,715.0 | 9,013.0 |
| Customer deposits | 13,216.0 | 13,445.0 | 13,363.0 | 14,458.0 |
| Non-current assets | ||||
| Property, plant & equipment | – | 705.0 | – | 711.0 |
| Current assets | ||||
| Cash | – | 2,185.0 | – | 2,811.0 |
| Total assets | 17,025.0 | 16,475.0 | 16,428.0 | 17,582.0 |
| Non-current liabilities | ||||
| Lease liabilities, non-current | – | 185.0 | – | 205.0 |
| Total liabilities | 15,501.0 | 14,991.0 | 14,970.0 | 16,399.0 |
| Equity | ||||
| Total equity | 1,524.0 | 1,484.0 | 1,458.0 | 1,183.0 |
No half-year cash flow figures were extracted for this company yet. See the latest results ↗
Read automatically from each results announcement. Check the source before relying on a figure.
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From the key figures of MTRO’s results reports. Hover a bar for the value.
Company filings. Not investment advice.