Results Centre

2024 Annual Results

The Bank had a strong business and financial performance in 2024, generating an increased underlying profit before tax of €180 million. We are seeing continued organic growth in our balance sheet as our brand resonates in the market and attracts new customers to the Bank. Our deposits have increased by almost €1.2 billion, our new SME lending has increased by 28%, and our share of the new mortgage lending market grew to 20.2% in Q4 of 2024.

Today, the Bank is announcing its refreshed Business Strategy 2025-27, which is focused on deepening customer relationships, diversifying income and differentiating through customer experience. We will do this while driving continuous operational efficiencies and prudent cost management so the Bank can continue to grow and prosper in a sustainable manner while rewarding shareholders.

PTSB is the challenger bank in Ireland and with our strong capital and liquidity positions, we are in prime position to continue to provide much needed competition in the Irish market and achieve our Ambition of being Ireland’s best personal and business bank through exceptional customer experiences.

Eamonn Crowley, Chief Executive