Svenska Handelsbanken Ab Class A · OMXSTO:SHB_A
Svenska Handelsbanken Ab Class A — Q1 2025 Earnings Presentation
18 slides from Svenska Handelsbanken Ab Class A's earnings presentation, Apr 30, 2025
Slide 1: January – March 2025
January – March 2025 30 April 2025
Slide 2: Q1 2025 Operating profit
Q1 2025 Operating profit SEK bn 9 8.5 8.3 8.1 8 7 6.6 6 5.3 5 4 3 • SEK 8.1bn in operating profit 2 • 13% ROE 1 0 • NII resilience and lower expenses Q1 2021 Q1 2022 Q1 2023 Q1 2024 Q1 2025 • 40.7% C/I ratio • 5th consecutive quarter with net credit loss recoveries • Low funding and liquidity risks
Slide 3: Financial summary: Q1 2025 vs previous quarter
Financial summary Q1 2025 compared to previous quarter Key ratios: Adjusted for 40.7% items affecting C/I-ratio SEK m Q1 2025 Q4 2024 Change comparability* Net interest income 11,347 11,745 -3% -2% Net fee and commission income 2,900 3,067 -5% -5% -0.01% Net credit loss ratio Total income 14,789 16,
Slide 4: Financial summary: Jan-Mar 2025 vs previous year
Financial summary Jan-Mar 2025 compared to previous year Key ratios: Adjusted for 40.7% Jan-Mar Jan-Mar items affecting C/I-ratio SEK m 2025 2024 Change comparability* Net interest income 11,347 11,587 -2% -2% Net fee and commission income 2,900 2,754 5% 5% -0.01% Net credit loss ratio Total income
Slide 5: Net interest income development
Net interest income development Q1 2025 compared to previous quarter NII change: -3% SEK m 11,800 -17 11,700 11,600 -285 Contribution from: 11,500 Margins and 11,400 -42 funding: -2%-points 11,745 11,300 -114 60 FX-effects: -1%-points 11,200 11,347 11,100 11,000 Q4 2024 Volume in home Margins and Da
Slide 6: Net fee and commission income
Net fee and commission income SEK m 3,200 3,100 3,000 +5% 2,900 2,800 2,700 2,600 2,900 2,500 2,754 2,400 2,300 2,200 Q1 2024 Q1 2025 Savings related* 68% of net fee and commissions Payment fees, net 15% Other, net 18% SEK m SEK m SEK m 2,500 1,000 1,000 +7% 900 900 2,000 800 800 700 700 1,500 600 6
Slide 7: Expenses and staff
Expenses and staff Expenses Staff* SEK m Number of staff 6,600 13,600 13,400 6,400 13,200 6,200 13,000 6,000 12,800 5,800 12,600 13,349 6,237 12,400 5,600 5,960 12,200 5,400 12,000 12,373 5,200 11,800 5,000 11,600 Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q125 Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q
Slide 8: Net credit losses
Net credit losses Credit loss ratio 1997 – 2024 Credit losses Q1 2023 – Q1 2025 SEK m Credit loss ratio 1.2% Handelsbanken Comparable Nordic banks* -1,200 1.2% 1.0% -1,000 1.0% 0.8% -800 0.8% 0.6% -600 0.6% 0.4% -400 0.4% 0.2% -200 0.2% 0.0% 0 0.0% 0.01% 0.00% 0.00% 0.00% -0.01% -0.02% -0.02% -0.03%
Slide 9: Strong financial position
Strong financial position CET1 ratio, Q1 2025 20% 160 19% 18.4% 18% Long term target 140 17% range Solid asset quality 16% 15.9 – 17.9% 14.9% 15% 120 14% Low funding and liquidity risk 13% 100 12% 11% Strong liquidity buffer 10% 80 9% 148 8% CET1 ratio 50bp above long term 7% 120 60 target r
Slide 10: Home markets
Home markets Sweden Norway 72% of Group operating profits 9% of Group operating profits Q1 2025 vs Q4 2024: Q1 2025 vs Q4 2024: Operating profit SEK 5.9bn Operating profit SEK 0.7bn Operating profit, qoq -8% Operating profit, qoq -15% C/I ratio 31.2% (30.5) C/I ratio 44.2% (41.2) Return on allocated
Slide 11: In sum
In sum • NII resilience and lower expenses • 40.7% C/I ratio • 5th consecutive quarter with net credit loss recoveries • Low funding and liquidity risks • Strong capital position • Local business model particularity valued by customers in uncertain times 11
Slide 12: Appendix
Appendix
Slide 13: Income statement: compared to previous quarter
Income statement Compared to previous quarter Key ratios: SEK m Q1 2025 Q4 2024 Change Net interest income 11,347 11,745 -3% Net fee and commission income 2,900 3,067 -5% 40.7% Net gains/losses on financial transactions 506 1,147 -56% C/I-ratio Other income 37 66 -44% Total income 14,789 16,025 -8%
Slide 14: Income statement: compared to previous year
Income statement Compared to previous year Key ratios: Jan-Mar Jan-Mar SEK m 2025 2024 Change Net interest income 11,347 11,587 -2% Net fee and commission income 2,900 2,754 5% 40.7% Net gains/losses on financial transactions 506 750 -33% C/I-ratio Other income 37 227 -84% Total income 14,789 15,318
Slide 15: Change in NII from previous quarter
Change in NII from previous quarter Net interest income continuing operations Q4 2024, SEK m 11,745 Deposit volume -20 Lending volume -9 Net effect margins and funding costs -163 Day count effect -98 Deposit guarantee fee -7 Other 0 Sweden -297 -2.5% Deposit volume 10 Lending volume 2 Net effect of
Slide 16: Asset quality
Asset quality • Expert based add-on • Rating migrations SEK +28m SEK -3m • Better quality on new loans compared to exits SEK +19m • Other (incl. effects from change in loan durations and migrations to stage 3) SEK +17m Expected credit losses Credit losses Credit losses, net Stage 3, net -120 -100 Up
Slide 17: Change in CET1-ratio from previous quarter
Change in CET1-ratio from previous quarter CET1-ratio REA Capital REA effects effects % SEK bn 20.0 840 19.5 830 6 0.7 11 19.0 1.2 820 4 18.5 0.1 0.1 0.2 810 12 11 9 0.4 0.1 1 18.0 0.3 0.2 0.3 800 17.5 825 18.8 18.4 790 17.0 807 16.5 780 16.0 770 CET1 ratio Earnings Deducted Foreign Foreign Volume O
Slide 18: Disclaimer
Disclaimer • Certain statements made in this presentation are forward looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results and performance to differ materially from any expected future results or
Svenska Handelsbanken — Q1 2025 Earnings Presentation on 6ix