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Swedbank's interim report for the second quarter 2026
2026-07-17 07:00:00
Swedbank's President and CEO Jens Henriksson comments: "Swedbank stands strong and is well positioned for sustainable growth and profitability"
- Strong volume growth in all home markets
- New organisation contributes to delivery of the financial plan 15/27
- Settlement with DFS - all investigations of historical shortcomings closed
| Financial information | Q2 | Q1 | Jan-Jun | Jan-Jun | ||
| SEKm | 2026 | 2026 | % | 2026 | 2025 | % |
| Total income | 18 104 | 17 073 | 6 | 35 178 | 34 291 | 3 |
| Net interest income | 11 276 | 11 147 | 1 | 22 423 | 22 406 | 0 |
| Net commission income | 4 462 | 4 172 | 7 | 8 634 | 7 954 | 9 |
| Net gains and losses on financial items | 1 060 | 689 | 54 | 1 749 | 1 398 | 25 |
| Other income¹ | 1 306 | 1 064 | 23 | 2 371 | 2 533 | -6 |
| Total expenses | 7 854 | 6 881 | 14 | 14 736 | 12 234 | 20 |
| of which extraordinary costs | 860 | 0 | 860 | 0 | ||
| of which VAT reimbursements | 0 | 0 | 0 | -379 | ||
| Profit before impairments, bank taxes and resolution fees | 10 250 | 10 192 | 1 | 20 442 | 22 057 | -7 |
| Impairment of tangible and intangible assets | 0 | 0 | 0 | 0 | -99 | |
| Credit impairments | 313 | 164 | 90 | 477 | 9 | |
| Bank taxes and resolution fees | 786 | 672 | 17 | 1 458 | 1 606 | -9 |
| Profit before tax | 9 151 | 9 356 | -2 | 18 506 | 20 441 | -9 |
| Tax expense | 1 956 | 2 011 | -3 | 3 967 | 4 360 | -9 |
| Profit for the period | 7 195 | 7 345 | -2 | 14 540 | 16 082 | -10 |
| Earnings per share, SEK, after dilution | 6.37 | 6.50 | 12.86 | 14.24 | ||
| Return on equity, % | 14.2 | 13.3 | 13.6 | 15.2 | ||
| Return on equity excl. adjusted, %² | 15.5 | 13.3 | 14.3 | 14.8 | ||
| C/I ratio | 0.43 | 0.40 | 0.42 | 0.36 | ||
| C/I ratio excl. adjusted² | 0.39 | 0.40 | 0.39 | 0.37 | ||
| Common Equity Tier 1 capital ratio, % | 17.4 | 17.5 | 17.4 | 19.7 | ||
| Credit impairment ratio, % | 0.06 | 0.03 | 0.05 | 0.00 | ||
| 1) Other income includes the items Net insurance, Share of profit or loss of associates and joint ventures, and Other income from the Group income statement. | ||||||
| 2) Adjusted for VAT reimbursments in 2025 and for extraordinary costs in the second quarter of 2026. | ||||||
Contact
Maria Caneman, Head of Investor Relations
Phone: +46 72 238 32 10
E-mail: maria.caneman@swedbank.se
Love Liman Jacobsson, Press Officer
Phone: +46 72 233 92 32
Email: love.liman.jacobsson@swedbank.se
This information constitutes inside information and such information that Swedbank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU no 596/2014) and the Securities Market Act (2007: 528). The information was submitted for publication, through the agency of the contact person set out above, 17 July, at 07:00 CEST.