Cash flow Paragon Banking Group PLC

Equities

PAG

GB00B2NGPM57

Banks

Market Closed - London S.E. Other stock markets 11:35:02 2024-09-13 EDT			5-day change	1st Jan Change
743.00 ^GBX	+0.68%		+0.75%	+6.52%

09-12	Britain's challenger banks boosted by capital rules revamp	RE
07-30	Paragon says running "ahead of expectations" for financial year	AN

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Published financial data: PARAGON BANKING GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2019	2020	2021	2022	2023
Interest and Dividend Income, Total	506M	492M	484M	546M	1.01B
Interest Expense, Total	225M	211M	172M	147M	638M
Net Interest Income	281M	280M	312M	399M	372M
Gain (Loss) on Sale of Investments, Total (Rev)	9.7M	-	-	4.6M	-
Other Revenues, Total	33.7M	33.2M	31.3M	37.2M	38.9M
Revenues Before Provison For Loan Losses	324M	314M	344M	441M	411M
Provision For Loan Losses	8M	48.3M	-4.7M	14M	18M
Total Revenues	316M	265M	348M	427M	393M
Salaries And Other Employee Benefits	500K	400K	300K	200K	-
Cost of Services Provided, Total	140M	143M	152M	173M	188M
Other Operating Expenses	2.1M	2M	1.4M	1M	1.2M
Total Operating Expenses	142M	145M	154M	174M	189M
Operating Income	174M	120M	194M	253M	204M
Other Non Operating Income (Expenses)	-15.1M	-1.6M	19.5M	165M	-
EBT, Excl. Unusual Items	159M	118M	214M	418M	204M
Restructuring Charges	-	-	-	-	-4.6M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	159M	118M	214M	418M	200M
Income Tax Expense	31.6M	27.1M	49.2M	104M	46M
Earnings From Continuing Operations	127M	91.3M	164M	314M	154M
Net Income to Company	127M	91.3M	164M	314M	154M
Net Income - (IS)	127M	91.3M	164M	314M	154M
Net Income to Common Incl Extra Items	127M	91.3M	164M	314M	154M
Net Income to Common Excl. Extra Items	127M	91.3M	164M	314M	154M
Per Share Items
Net EPS - Basic	0.49	0.36	0.65	1.29	0.69
Basic EPS - Continuing Operations	0.49	0.36	0.65	1.29	0.69
Basic Weighted Average Shares Outstanding	258M	254M	252M	243M	224M
Net EPS - Diluted	0.48	0.36	0.63	1.26	0.66
Diluted EPS - Continuing Operations	0.48	0.36	0.63	1.26	0.66
Diluted Weighted Average Shares Outstanding	264M	256M	261M	249M	232M
Normalized Basic EPS	0.39	0.29	0.53	1.08	0.57
Normalized Diluted EPS	0.38	0.29	0.51	1.05	0.55
Dividend Per Share	0.21	0.14	0.26	0.29	0.37
Payout Ratio	42.39	39.32	33.19	21.97	44.12
Supplemental Items
Effective Tax Rate - (Ratio)	19.87	22.89	23.02	24.96	23.01
Current Domestic Taxes	33.9M	26M	56.1M	50.9M	72.5M
Total Current Taxes	33.9M	26M	56.1M	50.9M	72.5M
Deferred Domestic Taxes	-2.3M	1.1M	-6.9M	53.4M	-26.5M
Total Deferred Taxes	-2.3M	1.1M	-6.9M	53.4M	-26.5M
Normalized Net Income	99.38M	74M	134M	261M	128M
Non-Cash Pension Expense	1.5M	1M	1.1M	1M	200K
Supplemental Operating Expense Items
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	6.9M	2.6M	11.3M	9.7M	11.5M
Total Stock-Based Compensation	6.9M	2.6M	11.3M	9.7M	11.5M

Fiscal Period: September	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.23B	1.92B	1.36B	1.93B	2.99B
Long-Term Investments - (FS Template)	-	-	-	-	-
Trading Asset Securities, Total	592M	463M	44.2M	779M	615M
Loans and Lease Receivables - (FS Template)	12.25B	12.74B	13.41B	13.65B	14.5B
Other Receivables	7.1M	12.4M	5.4M	10.6M	16.9M
Gross Property Plant And Equipment	86.1M	100M	112M	122M	133M
Accumulated Depreciation	-28.8M	-34M	-41.7M	-50.5M	-58.5M
Net Property Plant And Equipment	57.3M	66.1M	70.4M	71.4M	74.7M
Goodwill	164M	164M	164M	164M	163M
Other Intangibles, Total	6.7M	5.7M	6.1M	5.8M	5.4M
Other Current Assets, Total	85.7M	121M	63.8M	34M	43M
Deferred Tax Assets Long-Term (Collected)	6.2M	6.2M	14.4M	-	-
Other Long-Term Assets, Total	-	-	-	7.1M	12.7M
Total Assets	14.4B	15.51B	15.14B	16.65B	18.42B
Liabilities
Interest Bearing Deposits	6.4B	7.87B	9.3B	6.61B	9.03B
Non-Interest Bearing Deposits	-	-	-	3.96B	4.21B
Deposits	6.4B	7.87B	9.3B	10.57B	13.23B
Accounts Payable, Total	900K	1.6M	1.4M	700K	1.6M
Accrued Expenses, Total	69.5M	62M	57.8M	81.8M	196M
Short-Term Borrowings	1M	400K	300K	400K	50.2M
Current Portion of Long-Term Debt	50M	760M	395M	-	112M
Current Portion of Leases	-	1.5M	1.5M	2.2M	2.6M
Long-Term Debt	6.68B	5.6B	4.1B	4.11B	2.96B
Long-Term Leases	-	4.1M	8M	6.8M	6.3M
Current Income Taxes Payable	15.2M	-	1.4M	-	-
Unearned Revenue, Current	1.3M	1M	3.3M	3.7M	5.9M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	2.2M	3.2M	4.6M	402M	383M
Unearned Revenue Non Current	2.2M	2M	1.7M	3.3M	3.5M
Pension & Other Post Retirement Benefits	34.5M	20.4M	10.3M	-	-
Deferred Tax Liability Non-Current	-	-	-	44.4M	17.7M
Other Non Current Liabilities	36.6M	24.6M	12.4M	13M	31.5M
Total Liabilities	13.29B	14.35B	13.9B	15.24B	17.01B
Common Stock, Total	262M	262M	262M	241M	229M
Additional Paid In Capital	68.3M	68.7M	70.1M	71.1M	71.4M
Retained Earnings	836M	881M	1.01B	1.15B	1.24B
Treasury Stock	-40.5M	-37.8M	-76.7M	-48M	-75.6M
Comprehensive Income and Other	-16.9M	-17.4M	-19.9M	1.6M	-57.3M
Total Common Equity	1.11B	1.16B	1.24B	1.42B	1.41B
Total Equity	1.11B	1.16B	1.24B	1.42B	1.41B
Total Liabilities And Equity	14.4B	15.51B	15.14B	16.65B	18.42B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	252M	253M	247M	234M	215M
ECS Total Common Shares Outstanding	252M	253M	247M	234M	215M
Book Value / Share	4.39	4.57	5.03	6.06	6.57
Tangible Book Value	937M	986M	1.07B	1.25B	1.24B
Tangible Book Value Per Share	3.71	3.9	4.34	5.33	5.79
Tangible Book Value Per Share (As Reported)	3.71	3.9	4.34	5.33	5.79
Total Debt	6.73B	6.37B	4.5B	4.12B	3.14B
Debt Equivalent of Unfunded Proj. Benefit Obligation	34.5M	20.4M	10.3M	-7.1M	-12.7M
Net Debt	4.91B	3.98B	3.1B	1.41B	-474M
Full Time Employees	1.37K	1.39K	1.44K	1.5K	1.52K

Fiscal Period: September	2019	2020	2021	2022	2023
Net Income	127M	91.3M	164M	314M	154M
Depreciation, Depletion & Amortization	1.5M	3.5M	13.2M	13.6M	14.7M
Amortization of Goodwill and Intangible Assets - (CF)	700K	800K	800K	800K	2.5M
Total Depreciation, Depletion & Amortization	2.2M	4.3M	14M	14.4M	17.2M
Amortization of Deferred Charges, Total	1.7M	1.2M	1.2M	1.2M	1.1M
(Gain) Loss On Sale of Asset - (CF)	-	-	100K	-100K	-100K
(Gain) Loss on Sale of Investments - (CF)	-10.6M	-	-	-	-
Provision for Credit Losses	8M	48.3M	-4.7M	14M	18M
Stock-Based Compensation (CF)	5.9M	2.7M	8.9M	9.2M	9.6M
Change in Trading Asset Securities	81.4M	83.6M	523M	-169M	-17M
Change in Other Net Operating Assets (Collected)	311M	952M	619M	946M	2.03B
Other Operating Activities	-129M	-154M	-448M	39.6M	-42.3M
Cash from Operations	398M	1.03B	878M	1.17B	2.17B
Capital Expenditure	-1.1M	-1.9M	-1.9M	-1.3M	-1.6M
Sale of Property, Plant, and Equipment	-	100K	-	600K	100K
Cash Acquisitions	-	-	-	-	-
Purchase / Sale of Intangible Assets	-2M	-1M	-2.4M	-1.7M	-1.6M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	11.4M	-	-	-	-
Cash from Investing	8.3M	-2.8M	-4.3M	-2.4M	-3.1M
Long-Term Debt Issued, Total	362M	860M	1.19B	-	-
Total Debt Issued	362M	860M	1.19B	-	-
Long-Term Debt Repaid, Total	-769M	-1.15B	-2.53B	-448M	-970M
Total Debt Repaid	-769M	-1.15B	-2.53B	-448M	-970M
Issuance of Common Stock	3.9M	800K	2.1M	1.4M	3.9M
Repurchase of Common Stock	-34.3M	-5.2M	-42.2M	-79.5M	-120M
Common Dividends Paid	-54M	-35.9M	-54.6M	-68.9M	-67.9M
Common & Preferred Stock Dividends Paid	-54M	-35.9M	-54.6M	-68.9M	-67.9M
Other Financing Activities, Total	-	-	-	-700K	50M
Cash from Financing	-491M	-326M	-1.44B	-596M	-1.1B
Net Change in Cash	-85.1M	700M	-565M	571M	1.06B
Supplemental Items
Cash Income Tax Paid (Refund)	39.4M	46.1M	48.3M	56.5M	75.1M
Net Debt Issued / Repaid	-407M	-285M	-1.34B	-448M	-970M

Fiscal Period: September	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.88	0.61	1.07	1.97	0.88
Return On Equity %	11.68	8.06	13.72	23.59	10.88
Return on Common Equity	11.68	8.06	13.72	23.59	10.88
Margin Analysis
Gross Profit Margin %	56.76	46.12	56.26	59.48	52.3
SG&A Margin	1.07	0.15	0.09	0.05	-
Income From Continuing Operations Margin %	40.27	34.4	47.24	73.46	39.13
Net Income Margin %	40.27	34.4	47.24	73.46	39.13
Net Avail. For Common Margin %	40.27	34.4	47.24	73.46	39.13
Normalized Net Income Margin	31.41	27.88	38.36	61.18	32.5
Asset Turnover
Asset Turnover	0.02	0.02	0.02	0.03	0.02
Short Term Liquidity
Current Ratio	2.17	1.76	1.52	1.48	1.3
Quick Ratio	2.15	1.74	1.52	1.48	1.3
Operating Cash Flow to Current Liabilities	0.06	0.12	0.09	0.11	0.16
Long Term Solvency
Total Debt/Equity	607.08	550.84	362.73	290.57	222.26
Total Debt / Total Capital	85.86	84.64	78.39	74.4	68.97
LT Debt/Equity	602.48	484.93	330.78	290.39	210.55
Long-Term Debt / Total Capital	85.21	74.51	71.48	74.35	65.34
Total Liabilities / Total Assets	92.3	92.54	91.8	91.49	92.34
Tier 1 Capital Ratio %	13.7	14.3	15.4	16.3	15.5
Total Capital Ratio %	15.9	16.4	17.6	18.3	17.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	2.16	-16.12	31.2	20.42	-7.87
Gross Profit, 1 Yr. Growth %	-4.21	-31.85	60.05	25.57	-18.98
Earnings From Cont. Operations, 1 Yr. Growth %	-12.62	-28.34	80.18	90.64	-50.92
Net Income, 1 Yr. Growth %	-12.62	-28.34	80.18	90.64	-50.92
Normalized Net Income, 1 Yr. Growth %	-13.49	-25.53	80.49	95.55	-51.06
Diluted EPS Before Extra, 1 Yr. Growth %	-11.07	-26.14	76.97	99.84	-47.34
Common Equity, 1 Yr. Growth %	3.25	4.29	7.43	14.12	-0.47
Total Assets, 1 Yr. Growth %	-0.64	7.71	-2.38	10.02	10.61
Tangible Book Value, 1 Yr. Growth %	3.66	5.19	8.67	16.4	-0.38
Cash From Operations, 1 Yr. Growth %	-62.97	158.53	-14.64	33.09	85.82
Capital Expenditures, 1 Yr. Growth %	37.5	72.73	0	-31.58	23.08
Dividend Per Share, 1 Yr. Growth %	9.28	-32.08	81.25	9.58	30.77
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.91	-7.43	4.9	26.83	5.33
Gross Profit, 2 Yr. CAGR %	9.13	-19.2	4.44	44.03	0.86
Earnings From Cont. Operations, 2 Yr. CAGR %	4.26	-20.87	13.63	85.33	-3.28
Net Income, 2 Yr. CAGR %	4.26	-20.87	13.63	85.33	-3.28
Normalized Net Income, 2 Yr. CAGR %	4.79	-19.74	15.93	87.87	-2.18
Diluted EPS Before Extra, 2 Yr. CAGR %	7.25	-18.96	14.33	88.06	2.59
Common Equity, 2 Yr. CAGR %	4.79	3.77	5.85	10.73	6.58
Total Assets, 2 Yr. CAGR %	2.57	3.45	2.54	3.64	10.31
Tangible Book Value, 2 Yr. CAGR %	1.77	4.42	6.91	12.47	7.68
Cash From Operations, 2 Yr. CAGR %	-48.06	-2.15	48.55	6.59	57.26
Capital Expenditures, 2 Yr. CAGR %	-19.56	54.11	31.43	-17.28	-8.23
Dividend Per Share, 2 Yr. CAGR %	16.2	-13.84	10.96	40.93	19.71
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.37	0.44	3.98	10.5	14.01
Gross Profit, 3 Yr. CAGR %	6.5	-6.72	1.47	12.23	18.89
Earnings From Cont. Operations, 3 Yr. CAGR %	3.17	-7.99	4.1	35.02	19.01
Net Income, 3 Yr. CAGR %	3.17	-7.99	4.1	35.02	19.01
Normalized Net Income, 3 Yr. CAGR %	3.55	-6.49	5.15	38	19.98
Diluted EPS Before Extra, 3 Yr. CAGR %	6.68	-5.29	5.14	37.72	23.03
Common Equity, 3 Yr. CAGR %	4.56	4.62	4.98