Nottingham Building Society delivers resilient financial performance and continued transformation as foundations for growth are strengthened

The key performance indicators disclosed below are based on the position at 30th June or for the 6-month period ended 30th June, unless otherwise stated. The average Liquidity Coverage Ratio (‘LCR’) represents a 12-month average for the period ended 30th June 2026.

• £336.8m gross new lending (2025: £535.1m);
• £4.2bn total mortgage assets (2025: £4.4bn);
• 2,420 new mortgage customers (2025: 4,076);
• £4.6bn total savings balance (2025: £4.4bn);
• £72.6m total interest paid to savers (2025: £82.1m);
• £9.6m underlying profit before tax (2025: £11.0m);
• £6.2m profit before tax (2025: profit before tax £8.0m);
• 1.50% underlying net interest margin (2025: 1.61%);
• 75.6% underlying cost: income ratio (2025: 75.2%);
• 11bps expected credit loss coverage ratio (2025: 11bps);
• 14.3% CET1 ratio (2025: 13.5%);
• 5.1% leverage ratio (2025: 4.8%);
• 257.3% average LCR (2025: 191.8%);
• 74.2% net promoter score (2025: 63.6%);
• 4.8 Trustpilot score (2025: 4.9); and
• 1,865 colleague hours volunteered (2025: 1,501).

Sue Hayes, Chief Executive Officer (‘CEO’) commented on the results:

“We are pleased to report a resilient performance for the first half of 2026 as we cement the foundations for Nottingham Building Society’s next phase of growth.

After two consecutive years of double-digit growth, 2025 represented a year of deliberate consolidation, and that disciplined approach continues to shape our strategy in 2026. Against a complex backdrop of inflationary pressure, geopolitical instability, and continued competition across mortgage and savings markets, we have stayed focused on delivering for members while progressing the Society’s long-term transformation.

During the first half of the year, we continued to embed our strategy as a modern, specialist residential lender, investing in our core banking and technology foundations, strengthening our intermediary proposition, and taking a disciplined approach to lending growth. We also delivered strong outcomes for savers, and another positive ISA season, while continuing to advocate for the role mutuals can play in supporting financial resilience and access to home ownership.

We have continued to build our brand presence, bring our community partnerships to life, and invest in the talent and capabilities across the Society, including enhancements to our colleague reward package.

Looking ahead, our focus for the second half of 2026 is to scale lending for Extra Ordinary Borrowers, continue evolving our product and proposition offer, and publish our proprietary research that helps shape future product, proposition, and policy thinking within the underserved market.

We remain confident in our strategy and our ability to deliver sustainable, long-term value for our members. I would like to thank our members for their continued loyalty and our colleagues for the commitment they show every day.”

Sue Hayes
Chief Executive Officer
29th July 2026