Davy Morning Equity Briefing
Dec 16, 2025
Irish banks
Banks monthly: competition evolution
Following fundamental changes in the retail Irish banking landscape almost five years ago, competition in the market continues to evolve. We assess the market as competitive but remaining rational when it comes to pricing. Launches by challengers in the upcoming months will be closely watched for potential impacts. Performance has paused in recent weeks, but Irish banks have outperformed the overall Eurostoxx bank index, the best performing constituent of the Eurostoxx over the past 12 months.
Watkin Jones
Underlying FY25 results ahead of expectations
Underlying results for FY25 are marginally ahead of our expectations, but some exceptional charges from impairments and additional building safety charges have weighed on statutory results. The company remains well positioned from a financial perspective and growth in the order book shows a welcome return of activity.
