Sparbanken Skåne
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Sparbanken Skåne (SK) investor relations material

Sparbanken Skåne has been private

Sparbanken Skåne Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary29 Apr, 2026

Executive summary

  • Operating profit for Q1 2026 was SEK 356m, down from SEK 378m year-over-year but up from SEK 300m sequentially.

  • Net interest income decreased to SEK 489m year-over-year, mainly due to lower market interest rates.

  • Net fee and commission income rose to SEK 145m, driven by securities-related fees.

  • Lending growth was primarily in residential mortgages, while fund and securities volumes declined due to equity market downturn.

  • The bank maintained high customer activity and published a green bond impact report showing 9,600 tonnes of CO2 emissions avoided in 2025.

Financial highlights

  • Net interest income: SEK 489m (down from SEK 518m YoY; SEK 491m previous quarter).

  • Net fee and commission income: SEK 145m (up from SEK 143m YoY; SEK 134m previous quarter).

  • Operating profit: SEK 356m (down from SEK 378m YoY; up from SEK 300m previous quarter).

  • Expenses excluding credit losses: SEK -329m (up from SEK -314m YoY; SEK -328m previous quarter).

  • Credit losses with profit impact: SEK 45m (up from SEK 24m YoY; SEK -6m previous quarter), mainly from redeemed financial assets.

  • Business volume: SEK 276bn (up from SEK 260bn YoY; unchanged sequentially).

  • CET1 and total capital ratio: 29.0% (up from 28.0% YoY; 29.3% previous quarter).

  • LCR: 307% (up from 267% YoY; down from 348% previous quarter).

Outlook and guidance

  • Economic recovery in Sweden and Skåne is ongoing but cautious, with uncertainty heightened by the Middle East conflict and energy prices.

  • Lending growth expected to continue, especially in residential mortgages, but market caution persists.

  • The bank is well positioned for future development and financial stability.

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