Svenska Handelsbanken Ab Class A · OMXSTO:SHB_A
Svenska Handelsbanken Ab Class A — Q1 2026 Earnings Presentation
23 slides from Svenska Handelsbanken Ab Class A's earnings presentation, Apr 22, 2026
Slide 1: Handelsbanken January – March 2026
Handelsbanken January – March 2026 22 April 2026
Slide 2: Q1 2026
Q1 2026 • Increased operating profit and ROE • Resilient income with stable NII • Lending growth trend in the UK and the Netherlands • Strong inflow into mutual funds business • Lower costs • Strong asset quality • Solid financial position 2
Slide 3: Stable growth in shareholders’ equity
Stable growth in shareholders’ equity Including dividends* SEK/share 275 250 225 200 175 Accumulated dividends* 150 125 100 75 50 Equity per share, adjusted 25 0 Q415 Q416 Q417 Q418 Q419 Q420 Q421 Q422 Q423 Q424 Q425 Q116 Q216 Q117 Q217 Q118 Q218 Q119 Q219 Q120 Q220 Q121 Q221 Q122 Q222 Q123 Q223 Q12
Slide 4: Long-term profitable growth potential in home markets
Long-term profitable growth potential in home markets Geographical footprint 32 branches 206 • Stable democracies with large economies branches • Stable legal systems • Stable political and regulatory environment 139 branches • Opportunities to be unique in offering 26 branches • Opportunities to st
Slide 5: Business growth in home markets
Business growth* in home markets Q1 2024 – Q1 2026 Sweden UK Norway The Netherlands SEK bn GBP bn NOK bn EUR bn 1,800 25 400 12 +0.4% +1% 1,600 + 11% -5% 10 20 +5% 1,400 300 1,200 +13% 8 15 1,000 +2% 200 6 800 10 -6% 600 0% 4 +5% 100 +18% 400 5 +20% 2 200 0 0 0 0 Lending Deposits AUM Lending Deposit
Slide 6: Financial summary: Q1 2026 compared to previous quarter
Financial summary Q1 2026 compared to previous quarter Key ratios: 39.5% Adjusted for C/I-ratio items affecting SEK m Q1 2026 Q4 2025 Change comparability* Net interest income 10,016 10,139 -1% -1% 0.01% Net credit loss ratio Net fee and commission income 3,073 3,117 -1% -1% Total income 14,778 14,3
Slide 7: Financial summary: Jan-Mar 2026 compared to previous year
Financial summary Jan-Mar 2026 compared to previous year Key ratios: 39.5% Adjusted for C/I-ratio Jan-Mar Jan-Mar items affecting SEK m 2026 2025 Change comparability* Net interest income 10,016 11,505 -13% -10% 0.01% Net credit loss ratio Net fee and commission income 3,073 2,904 6% 7% Total income
Slide 8: Net interest income development
Net interest income development Q1 2026 compared to previous quarter NII change: -1% SEK m 10,200 20 -67 10,100 -55 39 -46 Contribution from: -14 10,000 Volumes: +0%-points 9,900 Margins and 9,800 10,139 funding: -1%-points 10,016 9,700 9,600 9,500 Q4 2025 Volume in home Margins and Day count Deposi
Slide 9: Net fee and commission income
Net fee and commission income* SEK m 3,200 3,100 CAGR: +6% 3,000 2,900 2,800 3,073 2,700 2,904 2,600 2,754 2,500 2,400 Q1 2024 Q1 2025 Q1 2026 Savings related** (68% of net fee and commissions) Other (32%) SEK m SEK m 2,500 2,500 CAGR: +6% 2,000 2,000 1,500 1,500 CAGR: +4% 1,000 1,967 2,080 1,000 1,
Slide 10: Savings business in Sweden
Savings business in Sweden Accumulated net inflows in the Swedish mutual fund market* SEK bn 350 Handelsbanken SEK +287bn 300 250 200 150 100 Peer 1-9 50 0 -50 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 * Top-10 institutions, Source: Swedish Investment Fund Association 10
Slide 11: Expenses
Expenses Q1 2025 – Q1 2026 SEK m 4,000 -4% 3,677 3,500 3,000 2,500 2,000 -8% 1,677 1,500 1,000 482 500 2 0 -500 Q125 Q325 Q126 Q125 Q325 Q126 Q125 Q325 Q126 Q125 Q325 Q126 Q225 Q425 Q225 Q425 Q225 Q425 Q225 Q425 Staff costs excl Oktogonen and restructuring expenses Other expenses Depreciation, amort
Slide 12: Resilience and stability
Resilience and stability Accumulated credit losses SEK m 1,500 Accumulated credit losses Q1 2020 – Q1 2026 = SEK 50m Average per quarter Q1 2020 – Q1 2026 = SEK 2m 1,000 Q1 2020: Q2 2025: SEK 440m SEK 0m New management add’on in remaining management add’on 500 198 19 Accumulated 0 249 61 -70 -35 -50
Slide 13: Net credit losses
Net credit losses Credit loss ratio 1997 – 2025 Credit losses Q1 2025 – Q1 2026 SEK m Credit loss ratio 1.2% -1,200 1.2% Handelsbanken Comparable Nordic banks* 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% -0.02% 0.00% 0.01% 0.01% -0.2% 200 -0.2% -0.
Slide 14: Strong financial position
Strong financial position CET1 ratio, Q1 2026 SEK bn 160 20% 17.2% 18% Long term target 140 range Solid asset quality 16% 15.7 – 17.7% 14.7% 120 14% Low funding and liquidity risk 100 12% Strong liquidity buffer 80 10% 138 CET1 ratio 17.2%, or 250bp above the 8% 60 118 regulatory requirement
Slide 15: In sum
In sum • Growth in savings business • Growth in lending in the UK and the Netherlands • Income up and costs under control • Continued low credit loss levels • Strong financial position • Satisfied customers 15
Slide 16: Appendix
Appendix Handelsbanken
Slide 17: Safety and stability – over cycles
Safety and stability – over cycles Senior (LT) credit rating Net credit loss ratio 2006-2025* Moody's S&P Fitch 0.40 Handelsbanken Aa2 AA- AA+ DNB Aa2 AA- Nordea Aa2 AA- AA- 0.19 0.15 0.16 SEB Aa3 AA- AA 0.14 Swedbank Aa2 AA- AA 0.06 Danske Bank A1 A+ AA- Handelsbanken Bank 2 Bank 5 Bank 4 Bank 3 Ba
Slide 18: Customer satisfaction overview 2025
Customer satisfaction overview 2025 Private customers Corporate customers Customer satisfaction level Customer satisfaction level 100 100 86.5 79.1 82.1 76.1 77.3 80 80 67.8 67.1 70.1 67.2 67.2 68.9 66.4 65.2 65.7 65.7 64.2 60 60 40 40 20 20 0 0 Sweden UK Norway Netherlands Sweden UK Norway Netherla
Slide 19: Income statement: compared to previous quarter
Income statement Compared to previous quarter Key ratios: 39.5% C/I-ratio SEK m Q1 2026 Q4 2025 Change Net interest income 10,016 10,139 -1% Net fee and commission income Net gains/losses on financial transactions 3,073 547 3,117 676 -1% -19% 0.01% Other income Total income 1,141 14,778 429 14,362 1
Slide 20: Income statement: compared to previous year
Income statement Compared to previous year Key ratios: 39.5% Jan-Mar Jan-Mar C/I-ratio SEK m 2026 2025 Change Net interest income 10,016 11,505 -13% Net fee and commission income Net gains/losses on financial transactions 3,073 547 2,904 501 6% 9% 0.01% Other income Total income 1,141 14,778 37 14,9
Slide 21: Change in NII from previous quarter
Change in NII from previous quarter Net interest income Q4 2025, SEK m 10,139 Deposit volume 21 Lending volume -2 Net effect margins and funding costs -9 Day count effect -91 Deposit guarantee fee 33 Other -2 Sweden -50 -0.5% Deposit volume -11 Lending volume 12 Net effect of margins and funding cos
Slide 22: Asset quality
Asset quality • Rating migrations SEK -10m • Better quality on new loans compared to exits SEK 1m • Other (incl. effects from change in loan durations and migrations to stage 3) SEK 12m Expected credit losses Credit losses Credit losses, net Stage 3, net SEK m SEK m SEK m -100 Updated -100 -15 macro
Slide 23: 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
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