Paragon Banking Group reports solid Q3 with loan and deposit growth Investing.com -- Paragon Banking Group (LON:PAG) on Tuesday delivered a solid third quarter for 2025, adding 1.1% to its loan book and 1.5% to deposits, while maintaining most of its full-year guidance. The bank now expects its full-year mortgage advances to be at the lower end of its previous guidance, targeting gross flow of approximately £1.6 billion for fiscal year 2025, compared to the previous range of £1.6-1.8 billion. Despite this adjustment, the projected figure would still imply around £800 million in the second half of 2025, a similar run-rate to the first half and representing a pickup in the fourth quarter compared to Q3. Net of redemptions and internal retentions, Paragon saw 1.1% growth across its loan book in Q3, bringing the year-to-date total to 2.9%. This puts the bank on track to achieve approximately 4% growth for the full year, broadly in line with consensus expectations. The company reported that its development finance book "continues to generate impairment requirements," though no new cases entered default in Q3. The additional impairments primarily came from increased coverage rather than new defaults. The bank maintained its full-year net interest margin guidance of over 3.0% for fiscal year 2025, while costs are still expected to be less than £185 million. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if PAGPA is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

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Deutsche Bank raises target prices, upgrades Paragon in U.K. banks sector review Investing.com -- Deutsche Bank has raised its target prices on several major U.K. banks, citing stronger-than-expected revenue and earnings growth across the sector. The bank also upgraded Paragon Banking Group Plc to a “buy” from “hold” and highlighted OneSavings Bank as a potential acquisition target. In a recent note, Deutsche Bank analysts said U.K. banks are forecast to post the highest revenue growth in Europe over the next three years. In some instances, earnings per share growth is expected to be twice as high as that of the next-best performing European lender. Despite the strong growth outlook, U.K. banks continue to trade at a discount compared to European peers, according to the brokerage. The brokerage said the three-year outlook is “very favourable” and added that acquisitions in the sector are both likely and could add value. The analyst lifted its price target on Barclays to 380p from 370p and maintained a “buy” rating. Lloyds Banking Group (LON:LLOY) also retained its “buy” rating, with the price target increased to 90p from 88p. Standard Chartered was kept at “hold,” but the target was raised to 1,200p from 970p. Paragon Banking Group Plc was upgraded to “buy” with a new target of 1,050p, up from 890p. Deutsche Bank said the lender is no longer trading at a premium, despite what it described as strong underlying performance. “Our preference is for the superior and more predictable capital generation of Lloyds and Natwest,” the brokerage said. “At the smaller end we see OneSavings Bank as an attractive acquisition target,” they added.

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