Landshypotek Bank (LHB) Q3 2025 earnings summary

Executive summary

• Market leader in agriculture and forestry lending with a 24% share and a low-risk, sustainability-focused business model.

• Operating profit for Jan–Sep 2025 reached SEK 399 million, up from SEK 392 million year-over-year, and SEK 148 million for Q3, up from SEK 128 million sequentially.

• Lending grew by SEK 9.4 billion year-over-year to SEK 116.5 billion, despite a weak market.

• Profits are reinvested or returned to the agriculture and forestry sectors.

• Credit losses remained marginal, with a negative impact of SEK 10 million for the period.

Financial highlights

• Net interest income for Q3 2025 increased to SEK 276 million from SEK 269 million in Q3 2024.

• Total income for Q3 2025 was SEK 285 million, up from SEK 274 million in Q3 2024.

• Loans to the public increased to SEK 116.5 billion from SEK 107.1 billion year-over-year.

• Year-to-date net profit stands at SEK 313 million, up from SEK 306 million in the prior year.

• Costs for Jan–Sep 2025 totaled SEK 453 million, up from SEK 436 million year-over-year.

Outlook and guidance

• The bank aims to grow with new and existing customers, focusing on retail (agriculture and residential) markets.

• Plans to increase green lending by 50% by 2030 compared to 2024 levels.

• Updated green bond framework, now including farming, is expected to support sustainability initiatives and capital market access.

• Continues to publish annual sustainability reports inspired by CSRD/ESRS, despite no longer being formally required.

• The bank remains well-capitalized and liquid, with a positive outlook for the remainder of 2025.