Not all banks are created equal: why I still own Secure Trust Bank (LSE:STB)
eddielloyd.substack.com
Key facts: >80% of customer deposits from fixed term bonds & notice accounts, 57% average loan to value on RE lending, margin of safety 45%, 3.25x P/E, 0.42x P/B, 10.3% 5yr avg. ROE
Not all banks are created equal: why I still own Secure Trust Bank (LSE:STB)
Not all banks are created equal: why I still…
Not all banks are created equal: why I still own Secure Trust Bank (LSE:STB)
Key facts: >80% of customer deposits from fixed term bonds & notice accounts, 57% average loan to value on RE lending, margin of safety 45%, 3.25x P/E, 0.42x P/B, 10.3% 5yr avg. ROE