Yorkshire Building Society has reported a profit before tax of £377.9 million in 2025, down from £383.7 million in 2024.

The building society said its “solid” annual results included 2025 core operating profit rising to £426.7 million from £345.7 million the year before.

Mortgage balances rose by 4.4% to £51.9 billion, with 38,400 new residential mortgages during the year, with 11,000 of these first-time buyers.

Yorkshire’s gross mortgage lending rose to £9.9 billion from £9.7 billion.

Yorkshire Building Society chief executive Susan Allen (pictured) said: “2025 was a defining year for us. We invested almost £90 million in making the society stronger for the future and improving our customers’ experience.

“With a solid financial position, a clear strategy and committed colleagues, the society is well-equipped to keep supporting our members and customers for decades to come.”