The group’s lending balances exceeded £1 billion in 2025, up 16% from £869 million in 2024, while its deposit balances topped £1.9 billion, up 11% from £1.7 billion the previous year.
Total assets rose to more than £2 billion, up from £1.8 billion, as the bank continued to support its industry-leading relationship-led model by investing in staff and technology.
CEO Quentin Marshall said the group’s strong growth trajectory showed how a “people first” approach can deliver both good client outcomes and commercial success.
He said: “At the beginning of 2025 we set out a strategy to take the business to 2030. I’m pleased to report that we’re ahead of schedule against the objectives we set ourselves.
“We all remain acutely aware that the success of Weatherbys relies on delivering for clients, and this will always stay at the centre of what we do. We put clients first all the time.”
Weatherbys’ commitment to meeting clients’ needs was recently underlined by a record-high Net Promoter Score (NPS) of 84 – up from 2024’s 81.
The NPS system is used to measure client satisfaction, with any score above 50 considered excellent and any above 80 world-class. The average score for a UK bank is just 30.
As part of a plan to double the group’s size by 2030, Weatherbys Business Bank was launched in 2025 to serve UK-based small-to-medium enterprises, commercial companies and larger corporates.
It now sits alongside Weatherbys Private Bank, Weatherbys Racing Bank and Arkle Finance. Insurance broker Weatherbys Hamilton was the subject of a strategic sale last year.
Total operating income was £91 million – up 1% over 2024 – despite the fall in the UK Base Rate, which reduced by 100 basis points over the calendar year, and the consequent fall in the group’s net interest margin, which reduced to 4.05% (2024: 4.53%).
Group Chairman Roger Weatherby said: “Weatherbys always has been and always will be a long-term business that favours a conservative approach while looking to the future.
“That’s how we’ve survived and thrived for over 250 years – by going the extra mile and acting with integrity while at the same time continuing to evolve by embracing positive change.”