Svenska Handelsbanken Ab Class A · OMXSTO:SHB_A
Svenska Handelsbanken Ab Class A — Q3 2025 Earnings Presentation
19 slides from Svenska Handelsbanken Ab Class A's earnings presentation, Oct 22, 2025
Slide 1: Handelsbanken January – September 2025
Handelsbanken January – September 2025 22 October 2025
Slide 2: Q3 2025
Q3 2025 • SEK 7.8bn in operating profit • 13.3% ROE • Increased income and decreased costs • 40.5% C/I ratio • 7th consecutive quarter with net credit loss reversals • 18.2% CET1 ratio, 350bp above regulatory requirement • SEK 10.65 per share in anticipated dividend for first 9 months 2
Slide 3: Financial summary Q3 2025 compared to previous quarter
Financial summary Q3 2025 compared to previous quarter Key ratios: Adjusted for 40.5% items affecting C/I-ratio SEK m Q3 2025 Q2 2025 Change comparability* Net interest income 10,468 10,689 -2% -2% -0.01% Net fee and commission income 2,979 2,866 4% 4% Net credit loss ratio Total income 14,121 13,62
Slide 4: Financial summary Jan-Sep 2025 compared to previous year
Financial summary Jan-Sep 2025 compared to previous year Key ratios: Adjusted for 41.7% Jan-Sep Jan-Sep items affecting C/I-ratio SEK m 2025 2024 Change comparability* Net interest income 32,504 35,096 -7% -6% -0.01% Net fee and commission income 8,745 8,659 1% 1% Net credit loss ratio Total income
Slide 5: Net interest income development
Net interest income development Q3 2025 compared to previous quarter NII change: -2% SEK m 10,800 10,700 22 Contribution from: 10,600 -182 -2 Volumes: +0.2%-points 10,500 -59 Margins and 10,400 funding: -1.7%-points 10,689 10,300 10,468 10,200 10,100 10,000 Q2 2025 Volume in home Margins and funding
Slide 6: Net fee and commission income
Net fee and commission income SEK m 3,200 3,100 CAGR: +3% 3,000 2,900 2,800 2,700 2,966 2,979 2,600 2,812 2,500 2,400 Q3 2023 Q3 2024 Q3 2025 Savings related* (68% of net fee and commissions) Net payment fees (15%) Other (17%) SEK m SEK m SEK m 2,500 1,000 1,000 CAGR: +5% 900 900 2,000 800 800 700 7
Slide 7: Expenses
Expenses Q3 2023 – Q3 2025 SEK m 4,000 -5% 3,594 3,500 3,000 2,500 2,000 -5% 1,544 1,500 1,000 515 500 62 0 Q423 Q124 Q424 Q125 Q423 Q124 Q424 Q125 Q423 Q124 Q424 Q125 Q423 Q124 Q424 Q125 Q224 Q225 Q224 Q225 Q224 Q225 Q224 Q225 Q323 Q324 Q325 Q323 Q324 Q325 Q323 Q324 Q325 Q323 Q324 Q325 Staff costs
Slide 8: Net credit losses
Net credit losses Credit loss ratio 1997 – 2024 Credit losses Q3 2023 – Q3 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% 0.00% 0.00% -0.01% -0.02% -0.02% -0.01% -0.01% -0.0
Slide 9: Strong financial position
Strong financial position CET1 ratio, Q3 2025 SEK bn 160 20% 18.2% 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% 146 8% CET1 ratio 350bp above capital 60 118 requirement 6% 40 4% SEK 1
Slide 10: Home markets
Home markets Sweden Norway 73% of Group operating profits 10% of Group operating profits Q3 2025 vs Q2 2025: Q3 2025 vs Q2 2025: Operating profit SEK 5.7bn Operating profit SEK 0.8bn Operating profit, qoq +1% Operating profit, qoq +3% C/I ratio 30.7% (32.3) C/I ratio 41.5% (42.4) Return on allocated
Slide 11: In sum
In sum • Signs of volume growth • Improved C/I-ratio and increased earnings • 7th consecutive quarter with net credit loss reversals • Strong financial position • High customer satisfaction 11
Slide 12: Appendix
Appendix Handelsbanken
Slide 13: Income statement compared to previous quarter
Income statement Compared to previous quarter Key ratios: SEK m Q3 2025 Q2 2025 Change Net interest income 10,468 10,689 -2% Net fee and commission income 2,979 2,866 4% 40.5% Net gains/losses on financial transactions 573 -64 Other income 101 133 -24% C/I-ratio Total income 14,121 13,624 4% Staff c
Slide 14: Income statement compared to previous year
Income statement Compared to previous year Key ratios: Jan-Sep Jan-Sep SEK m 2025 2024 Change Net interest income 32,504 35,096 -7% Net fee and commission income 8,745 8,659 1% 41.7% Net gains/losses on financial transactions 1,015 1,956 -48% Other income 270 609 -56% C/I-ratio Total income 42,534 4
Slide 15: Change in NII from previous quarter
Change in NII from previous quarter Net interest income continuing operations Q2 2025, SEK m 10,689 Deposit volume -5 Lending volume 4 Net effect margins and funding costs -217 Day count effect 47 Deposit guarantee fee -1 Other -35 Sweden -207 -1.9% Deposit volume 10 Lending volume 13 Net effect of
Slide 16: NFT
NFT NFT Customer driven NFT in home markets* and Markets SEK m SEK m 1,200 800 1,147 1,087 1,000 800 750 Other, incl 600 626 600 570 602 579 580 573 realisations and 534 535 CVA/DVA 506 429 400 395 420 393 341 Funding and liquidity management 415 200 400 0 15 NFT in home markets -64 + Markets -200 N
Slide 17: Asset quality
Asset quality • Rating migrations SEK -1m • Better quality on new loans compared to exits SEK 6m • Other (incl. effects from change in loan durations and migrations to stage 3) SEK 22m Expected credit losses Credit losses Credit losses, net Stage 3, net SEK m SEK m SEK m -120 -100 Updated -6 -100 ma
Slide 18: Change in CET1-ratio from previous quarter
Change in CET1-ratio from previous quarter CET1-ratio REA % SEK bn 19.4 815 19.2 0.1 0.1 810 2 0.0 0.0 3 2 3 19.0 805 5 18.8 0.7 0.9 800 18.6 18.4 795 808 18.2 790 802 18.0 18.4 18.2 785 17.8 17.6 780 Q2 2025 Earnings for the Volume Migrations Riskweight floor Other Antecipated Q3 2025 Q2 2025 Volum
Slide 19: 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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