Quarterly result
First quarter 2026
Consolidated income statement
172,509 |
13,574 |
- 65,092 |
120,991 |
- 2,550 |
118,442 |
34,667 |
1,073 |
7,122 |
- 4,234 |
38,627 |
23,473 |
2,780 |
277 |
233 |
44 |
1,975 |
402 |
- 3,354 |
2,079 |
182,620 |
- 56,932 |
- 24,061 |
- 2,916 |
- 83,909 |
- 8,100 |
- 611 |
90,001 |
0 |
0 |
0 |
- 9,951 |
80,050 |
01.01. - 31.03.2026
Change | ||||||
Amounts in 1,000 Swiss francs | 3M 2026 | 3M 2025 | absolute | in % | ||
Interest and discount income | 196,674 | - 24,165 | - 12.3 | |||
Interest and dividend income from financial investments | 11,316 | 2,258 | 20.0 | |||
Interest expense | - 92,318 | 27,226 | - 29.5 | |||
Gross result from interest operations | 115,672 | 5,319 | 4.6 | |||
Changes in value adjustments for default risk and losses from interest operations | - 1,950 | - 600 | 30.7 | |||
Net result from interest operations | 113,722 | 4,719 | 4.1 | |||
Commission income from securities trading and investment activities | 30,185 | 4,482 | 14.8 | |||
Commission income from lending activities | 1,029 | 44 | 4.3 | |||
Commission income from other services | 7,046 | 76 | 1.1 | |||
Commission expense | - 3,358 | - 877 | 26.1 | |||
Result from commission business and services | 34,903 | 3,725 | 10.7 | |||
Result from trading activities and the fair value option | 24,683 | - 1,210 | - 4.9 | |||
Result from the disposal of financial investments | 982 | 1,797 | 183.0 | |||
Income from participations | 867 | - 590 | - 68.1 | |||
of which, participations valued using the equity method | 204 | 29 | 14.3 | |||
of which, from other non-consolidated participations | 663 | - 619 | - 93.4 | |||
Result from real estate | 1,875 | 100 | 5.3 | |||
Other ordinary income | 336 | 66 | 19.6 | |||
Other ordinary expenses | - 3,511 | 157 | - 4.5 | |||
Other result from ordinary activities | 549 | 1,530 | 278.4 | |||
Operating income | 173,857 | 8,763 | 5.0 | |||
Personnel expenses | - 54,026 | - 2,906 | 5.4 | |||
General and administrative expenses | - 22,399 | - 1,661 | 7.4 | |||
Compensation for the state guarantee | - 2,866 | - 50 | 1.7 | |||
Operating expenses | - 79,291 | - 4,617 | 5.8 | |||
Value adjustments on participations and depreciation and amortisation of tangible fixed assets and intangible assets | - 7,471 | - 629 | 8.4 | |||
Changes to provisions and other value adjustments and losses | - 149 | - 462 | 310.5 | |||
Operating result | 86,945 | 3,055 | 3.5 | |||
Extraordinary income | 208 | - 208 | - 100.0 | |||
Extraordinary expenses | 0 | 0 | n.a. | |||
Changes in reserves for general banking risks | 0 | 0 | n.a. | |||
Taxes | - 10,563 | 613 | - 5.8 | |||
Consolidated profit | 76,590 | 3,460 | 4.5 | |||
8,498,281 |
690,973 |
46,788,498 |
5,532,877 |
41,255,622 |
1,842,312 |
238,626 |
5,354,900 |
103,036 |
28,303 |
211,698 |
87,369 |
63,843,996 |
10,758 |
6,070 |
6,104,727 |
3,098,705 |
30,025,181 |
54,290 |
205,793 |
979,041 |
191,364 |
18,561,100 |
250,681 |
37,791 |
27,648 |
694,354 |
183,458 |
487,847 |
2,864,311 |
- 2,343 |
80,050 |
63,843,996 |
1,573,579 |
1,573,579 |
288,429 |
2,082,012 |
101,691 |
474 |
27,158,651 |
36,429,874 |
Consolidated balance sheet as of 31.03.2026
Change | ||||||
Amounts in 1,000 Swiss francs | 31.03.2026 | 31.12.2025 | absolute | in % | ||
Assets | ||||||
Liquid assets | 7,797,905 | 700,376 | 9.0 | |||
Amounts due from banks | 658,583 | 32,389 | 4.9 | |||
Loans to customers | 46,352,628 | 435,870 | 0.9 | |||
Amounts due from clients | 5,434,950 | 97,927 | 1.8 | |||
Mortgage loans | 40,917,678 | 337,944 | 0.8 | |||
Trading portfolio assets | 1,692,920 | 149,392 | 8.8 | |||
Positive replacement values of derivative financial instruments | 89,613 | 149,013 | 166.3 | |||
Financial investments | 5,290,101 | 64,799 | 1.2 | |||
Accrued income and prepaid expenses | 100,701 | 2,336 | 2.3 | |||
Non-consolidated participations | 28,343 | - 40 | - 0.1 | |||
Tangible fixed assets | 213,763 | - 2,065 | - 1.0 | |||
Other assets | 24,574 | 62,795 | 255.5 | |||
Total assets | 62,249,130 | 1,594,866 | 2.6 | |||
Total subordinated claims | 11,069 | - 311 | - 2.8 | |||
of which, subject to conversion and/or debt waiver | 6,465 | - 395 | - 6.1 | |||
Liabilities | ||||||
Amounts due to banks | 5,706,212 | 398,515 | 7.0 | |||
Amounts due to securities financing transactions | 2,571,911 | 526,794 | 20.5 | |||
Amounts due in respect of customer deposits | 30,009,649 | 15,532 | 0.1 | |||
Trading portfolio liabilities | 55,949 | - 1,659 | - 3.0 | |||
Negative replacement values of derivative financial instruments | 176,627 | 29,167 | 16.5 | |||
Liabilities from other financial instruments at fair value | 927,691 | 51,349 | 5.5 | |||
Cash bonds | 206,221 | - 14,857 | - 7.2 | |||
Bond issues and central mortgage institution loans | 18,053,005 | 508,095 | 2.8 | |||
Accrued expenses and deferred income | 273,157 | - 22,476 | - 8.2 | |||
Other liabilities | 17,223 | 20,567 | 119.4 | |||
Provisions | 26,844 | 804 | 3.0 | |||
Reserves for general banking risks | 694,354 | 0 | 0.0 | |||
Share capital | 183,458 | 0 | 0.0 | |||
Capital reserve | 487,068 | 779 | 0.2 | |||
Retained earnings reserve | 2,568,814 | 295,497 | 11.5 | |||
Own shares | - 4,548 | 2,204 | - 48.5 | |||
Consolidated profit | 295,497 | - 215,447 | - 72.9 | |||
Total liabilities | 62,249,130 | 1,594,866 | 2.6 | |||
Total subordinated liabilities | 1,572,671 | 908 | 0.1 | |||
of which, subject to conversion and/or debt waiver | 1,572,671 | 908 | 0.1 | |||
Off-balance-sheet transactions | ||||||
Contingent liabilities | 298,948 | - 10,518 | - 3.5 | |||
Irrevocable commitments | 2,396,031 | - 314,019 | - 13.1 | |||
Liabilities for calls on shares and other equity | 101,691 | 0 | 0.0 | |||
Credit commitments | 0 | 474 | n.a. | |||
Contract volume of derivative financial instruments | 25,580,351 | 1,578,299 | 6.2 | |||
Securities and fiduciary investments | 36,060,728 | 369,146 | 1.0 | |||
Income statement of the parent company
172,509 |
13,574 |
- 65,092 |
120,991 |
- 2,550 |
118,442 |
25,546 |
1,073 |
7,122 |
- 4,118 |
29,623 |
23,473 |
2,780 |
6,317 |
1,975 |
556 |
- 3,354 |
8,273 |
179,811 |
- 56,449 |
- 23,827 |
- 2,916 |
- 83,192 |
- 8,100 |
- 611 |
87,908 |
0 |
0 |
0 |
- 9,000 |
78,908 |
01.01. - 31.03.2026
Change | ||||||
Amounts in 1,000 Swiss francs | 3M 2026 | 3M 2025 | absolute | in % | ||
Interest and discount income | 196,674 | - 24,165 | - 12.3 | |||
Interest and dividend income from financial investments | 11,316 | 2,258 | 20.0 | |||
Interest expense | - 92,318 | 27,226 | - 29.5 | |||
Gross result from interest operations | 115,672 | 5,319 | 4.6 | |||
Changes in value adjustments for default risk and losses from interest operations | - 1,950 | - 600 | 30.7 | |||
Net result from interest operations | 113,722 | 4,719 | 4.1 | |||
Commission income from securities trading and investment activities | 22,107 | 3,439 | 15.6 | |||
Commission income from lending activities | 1,029 | 44 | 4.3 | |||
Commission income from other services | 7,046 | 76 | 1.1 | |||
Commission expense | - 3,238 | - 879 | 27.2 | |||
Result from commission business and services | 26,944 | 2,680 | 9.9 | |||
Result from trading activities and the fair value option | 24,683 | - 1,210 | - 4.9 | |||
Result from the disposal of financial investments | 982 | 1,797 | 183.0 | |||
Income from participations | 6,063 | 254 | 4.2 | |||
Result from real estate | 1,875 | 100 | 5.3 | |||
Other ordinary income | 490 | 66 | 13.4 | |||
Other ordinary expenses | - 3,511 | 157 | - 4.5 | |||
Other result from ordinary activities | 5,900 | 2,373 | 40.2 | |||
Operating income | 171,249 | 8,562 | 5.0 | |||
Personnel expenses | - 53,492 | - 2,957 | 5.5 | |||
General and administrative expenses | - 22,166 | - 1,660 | 7.5 | |||
Compensation for the state guarantee | - 2,866 | - 50 | 1.7 | |||
Operating expenses | - 78,524 | - 4,668 | 5.9 | |||
Value adjustments on participations and depreciation and amortisation of tangible fixed assets and intangible assets | - 7,500 | - 600 | 8.0 | |||
Changes to provisions and other value adjustments and losses | - 149 | - 462 | 310.5 | |||
Operating result | 85,075 | 2,833 | 3.3 | |||
Extraordinary income | 283 | - 283 | - 100.0 | |||
Extraordinary expenses | 0 | 0 | n.a. | |||
Changes in reserves for general banking risks | 0 | 0 | n.a. | |||
Taxes | - 9,713 | 713 | - 7.3 | |||
Profit | 75,645 | 3,263 | 4.3 | |||
Balance sheet of the parent company as of 31.03.2026
Change
8,498,281 |
690,273 |
46,788,498 |
5,532,877 |
41,255,622 |
1,842,312 |
238,626 |
5,354,900 |
109,052 |
30,243 |
211,698 |
87,369 |
63,851,252 |
10,758 |
6,070 |
6,104,727 |
3,098,705 |
30,068,897 |
54,290 |
205,793 |
979,041 |
191,364 |
18,561,100 |
249,336 |
37,791 |
60,648 |
630,600 |
183,458 |
390,777 |
390,777 |
342,613 |
2,324,253 |
- 2,343 |
291,294 |
78,908 |
63,851,252 |
1,573,579 |
1,573,579 |
288,429 |
2,082,012 |
101,691 |
474 |
27,158,651 |
36,429,874 |
Amounts in 1,000 Swiss francs 31.03.2026 31.12.2025 absolute in % Assets
Liquid assets
Amounts due from banks Loans to customers
Amounts due from clients Mortgage loans
Trading portfolio assets
Positive replacement values of derivative financial instruments Financial investments
Accrued income and prepaid expenses Participations
Tangible fixed assets Other assets
Total assets
Total subordinated claims
of which, subject to conversion and/or debt waiver
Liabilities
Amounts due to banks
Amounts due to securities financing transactions Amounts due in respect of customer deposits Trading portfolio liabilities
Negative replacement values of derivative financial instruments Liabilities from ohter financial instruments at fair value
Cash bonds
Bond issues and central mortgage institution loans Accrued expenses and deferred income
Other liabilities Provisions
Reserves for general banking risks Share capital
Statutory capital reserve
of which, reserve from tax-exempt capital contributions Statutory retained earnings reserve
Voluntary retained earnings reserve Own shares
Profit carried forward Profit
Total liabilities
Total subordinated liabilities
of which, subject to conversion and/or debt waiver
Off-balance-sheet transactions Contingent liabilities Irrevocable commitments
Liabilities for calls on shares and other equity Credit commitments
Contract volume of derivative financial instruments Securities and fiduciary investments
7,797,905 700,376 9.0
658,229 32,044 4.9
46,352,628 435,870 0.9
5,434,950 97,927 1.8
40,917,678 337,944 0.8
1,692,920 149,392 8.8
89,613 149,013 166.3
5,290,101 64,799 1.2
99,553 9,498 9.5
30,243 0 0.0
213,763 - 2,065 - 1.0
24,574 62,795 255.5
62,249,529 1,601,723 2.6
11,069 - 311 - 2.8
6,465 - 395 - 6.1
5,706,212 398,515 7.0
2,571,911 526,794 20.5
30,046,756 22,141 0.1
55,949 - 1,659 - 3.0
176,627 29,167 16.5
927,691 51,349 5.5
206,221 - 14,857 - 7.2
18,053,005 508,095 2.8
270,421 - 21,085 - 7.8
17,223 20,567 119.4
59,844 804 1.3
630,600 0 0.0
183,458 0 0.0
390,777 0 0.0
390,777 0 0.0
341,834 779 0.2
2,324,253 0 0.0
- 4,548 2,204 - 48.5
702 290,592 n.a.
290,592 - 211,684 - 72.8
62,249,529 1,601,723 2.6
1,572,671 908 0.1
1,572,671 908 0.1
298,948 - 10,518 - 3.5
2,396,031 - 314,019 - 13.1
101,691 0 0.0
0 474 n.a.
25,580,351 1,578,299 6.2
36,060,728 369,146 1.0
Luzerner Kantonalbank AG
Pilatusstrasse 12
6003 Lucerne
Phone +41 (0) 844 822 811
info@lukb.ch lukb.ch
Disclaimer
This report is a translation of the original German version and is provided for informational purposes only. In the event of differences or ambiguities between the English and the German version of this report, the German version shall prevail.