Svenska Handelsbanken Ab Class A · OMXSTO:SHB_A
Svenska Handelsbanken Ab Class A — Handelsbanken — Q3 2026 Earnings Presentation
24 slides from Svenska Handelsbanken Ab Class A's earnings presentation, Oct 21, 2026
Slide 1: Handelsbanken January – September 2026
Handelsbanken January – September 2026 21 October 2026
Slide 2: Q3 2026
Q3 2026 • Income higher, costs lower, 0.00% credit losses • Operating profit increased to SEK 7.4 bn • Increased operating profit in all home markets • Growth in lending, deposits and assets under management • ROE increased to 13.5% • Robust financial position • SEK 8.0 per share in YTD dividend ant
Slide 3: Stable value creation in stable markets
Stable value creation in stable markets Exposure to stable markets Creation of shareholder value Customer satisfaction Equity plus dividends* Norway : SEK/share 32 branches 250 Sweden : 225 UK: 206 branches 137 branches 200 SKI / EPSI 175 150 125 The Netherlands : 100 26 branches Finansbarometern 75
Slide 4: Business growth in home markets
Business growth* in home markets Q3 2025 – Q3 2026 Sweden UK Norway The Netherlands 75% of operating profit in home markets 13% of operating profit in home markets 9% of operating profit in home markets 3% of operating profit in home markets SEK bn GBP bn NOK bn EUR bn 1,800 25 350 12 +0% -5% +1% +1
Slide 5: Financial summary Q3 2026 compared to previous quarter
Financial summary Q3 2026 compared to previous quarter Key ratios: Adjusted for items affecting 42.3% SEK m Q3 2026 Q2 2026 Change comparability* C/I -ratio Net interest income 10,051 10,008 0% -1% Net fee and commission income 3,330 3,135 6% 6% NFT 515 116 344% 341% 0.00% Net credit loss ratio Othe
Slide 6: Financial summary Jan-Sep 2026 compared to previous year
Financial summary Jan -Sep 2026 compared to previous year Key ratios: Adjusted for Jan-Sep Jan-Sep items affecting 42.0% SEK m 2026 2025 Change comparability* C/I -ratio Net interest income 30,075 32,902 -9% -8% Net fee and commission income 9,538 8,755 9% 9% NFT 1,178 1,010 17% 17% 0.00% Net credit
Slide 7: Net interest income
Net interest income Q3 2026 compared to previous quarter NII change: 0.4% SEK m 10,200 10,100 87 7 Contribution from: 10,000 -194 112 Volumes: +0.9% -points 9,900 31 9,800 Margins and 10,051 10,008 9,700 funding: -1.9%-points 9,600 Currency effects 9,500 Q2 2026 Volume in home Margins and Day count
Slide 8: Net fee and commission income
Net fee and commission income SEK m 3,400 +12% 3,300 3,200 3,100 3,000 2,900 3,330 2,800 2,700 2,978 2,600 2,500 2,400 Q325 Q425 Q126 Q226 Q326 Savings related* (71% of net fee and commissions) Other (29%) SEK m SEK m 2,500 +16% 2,500 2,000 2,000 1,500 1,500 +2% 2,362 1,000 2,030 1,000 500 500 948 9
Slide 9: Growth in Swedish savings business
Growth in Swedish savings business Net inflows in the Swedish mutual fund market, accumulated 350 Handelsbanken SEK +327bn Net inflows: 300 2016 -2026: 2 8 % market share 250 Jan -Sep 2026: 35% market share 200 150 100 Main peers* Outstanding mutual fund volumes: 50 12% market share 0 -50 2016 2017
Slide 10: Stable cost base despite underlying inflation
Stable cost base despite underlying inflation Expenses SEK m -4,000 +1% -3,724 -3,500 -3,000 -2,500 -1% -2,000 -1,584 -1,500 -1,000 -508 -500 -94 0 500 Q325 Q425 Q126 Q226 Q326 Q325 Q425 Q126 Q226 Q326 Q325 Q425 Q126 Q226 Q326 Q325 Q425 Q126 Q226 Q326 Staff costs, Other expenses Depreciation, amorti
Slide 11: Net credit losses
Net credit losses Credit loss ratio 1997 – H1 2026 Credit losses Q3 2025 – Q3 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% 0.00% 0.01% 0.01% 0.00% 0.00% -0.2% 200 -0.2% -0
Slide 12: Financial stability
Financial stability CET1 ratio, Q3 2026 SEK bn 180 20% ▪ SREP lowered by 20bp to 14.5% 160 17.0% 18% Long term target ▪ CET1 of 17.0% ➔ 250bp above SREP 140 range: 16% 14.5% 15.5 – 17.5% 120 ▪ Anticipated dividends of YTD earnings: 14% ▪ SEK 8.0 per share 100 12% ▪ 92% of net profit 80 10% ▪ Approva
Slide 13: In sum
In sum • Income higher, costs lower, 0 .00 % credit losses • Increased operating profit in all home markets • Growth in lending, deposits and assets under management • Robust financial position • SEK 8.0 per share in YTD dividend anticipation • High customer satisfaction 13
Slide 14: Appendix
Appendix Handelsbanken
Slide 15: High customer satisfaction
High customer satisfaction Retail customers Corporate customers SKI / EPSI Index Handelsbanken Industry Index Handelsbanken Industry 2026 90 90 87 85 85 79 80 Finansbarometern 80 78 80 77 2026 75 75 71 71 70 70 68 70 68 67 67 66 66 65 64 Finansbarometern 65 65 2026 60 60 55 55 Global Finance 2026 Ha
Slide 16: EPSI / SKI Sweden 2026 (vs. 2025)
EPSI / SKI Sweden 2026 (vs. 2025) Private customers Corporate customers Mobile banking app Online banking Mobile banking app Online banking Small peer 1 83,6 ( -1,5) Small peer 1 85,4 ( -0,8) Small peer 1 80.3 (+1,4) Small peer 1 82.1 (+1,3) Handelsbanken 80 (+1) Small peer 2 79,8 Others 78.7 (+9,0)
Slide 17: Safety and stability – over cycles
Safety and stability – over cycles BCA, Stand -Alone Credit Profile & Viability Rating Net credit loss ratio 2006 -2025%* Moody's S&P Fitch 0.50 Handelsbanken a1 a+ aa 0.40 0.40 DNB a2 a+ Nordea a2 a+ aa- 0.30 0.20 SEB a2 a+ aa- 0.20 0.14 0.15 0.15 Swedbank a2 a aa- 0.10 0.06 Danske Bank a3 a a+ 0.0
Slide 18: Income statement compared to previous quarter
Income statement Compared to previous quarter Key ratios: 42.3% C/I -ratio SEK m Q3 2026 Q2 2026 Change Net interest income 10,051 10,008 0% Net fee and commission income 3,330 3,135 6% Net gains/losses on financial transactions 515 116 0.00% Other income 63 197 -68% Total income 13,959 13,456 4% Ne
Slide 19: Income statement compared to previous year
Income statement Compared to previous year Key ratios: 42.0% Jan-Sep Jan-Sep C/I -ratio SEK m 2026 2025 Change Net interest income 30,075 32,902 -9% Net fee and commission income 9,538 8,755 9% Net gains/losses on financial transactions 1,178 1,010 17% 0.00% Other income 1,402 271 Total income 42,19
Slide 20: Change in NII from previous quarter
Change in NII from previous quarter Net interest income Q2 2026, SEK m 10,008 Deposit volume 55 Lending volume 8 Net effect margins and funding costs -140 Day count effect 50 Deposit guarantee fee 1 Other 1 Sweden -25 -0.2% Deposit volume 4 Lending volume 20 Net effect of margins and funding costs N
Slide 21: NFT
NFT NFT Customer driven NFT Home markets* and Markets SEK m SEK m 1,200 700 1,147 Other, incl realisations 1,087 1,000 Funding and liquidity 600 800 management 750 676 600 602 626 573 547 Markets CVA/DVA 500 570 579 580 534 535 515 501 429 400 395 420 393 341 Home markets + Markets 400 Home markets
Slide 22: Asset quality
Asset quality • Rating migrations SEK -13m • Better quality on new loans compared to exits SEK -2m • Other (incl. effects from loan durations and migrations to stage 3) SEK 13m Expected credit losses Credit losses Credit losses, net Stage 3, net SEK m SEK m SEK m -100 -80 Updated 3 -70 macro assumpt
Slide 23: Change in CET1-ratio from previous quarter
Change in CET1 -ratio from previous quarter CET1 -ratio REA % SEK bn 19.5 835 830 19.0 2 1 825 1 18.5 820 11 18.0 815 2 0.1 4 0.0 17.5 0.7 810 830 0.8 805 17.0 812 800 17.2 16.5 17.0 795 16.0 790 Q2 2026 Earnings for the period Volume development Currency effects, net Anticipated dividends Q3 2026 Q
Slide 24: 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