First Active says it expects pre-tax profits growth in the first half of this year to be in the high single-digits, though the Government's new levy on financial institutions means earnings per share will grow by slightly less than this.
First Active says the housing market remains healthy, with its mortgage lending 35% ahead of the same period last year.
It says its net interest income will be around 20% up on the same period last year, boosted by the disposal of its interest in UK mortgage business Britannic Money.
First Active says margins have been 'relatively stable' with a fall in deposit margins offset by gains from hedging.
The company says the market for investment products has been weaker than in 2002, compounded by the absence of SSIAs, but it will still see 10% growth in other income.
The statement was well received, with brokers describing it as 'solid' and 'positive'. In Dublin, the company's shares closed up 7 cents at €4.47.
