Lea Bank (LEA) Q4 2025 earnings summary

Executive summary

• Achieved profit before tax of 44.0 MSEK in Q4 2025 and 147.0 MSEK for the full year, with net profit after tax of 32.4 MSEK in Q4 and 115.1 MSEK for 2025.

• Gross loans increased by 1,700 MSEK year-over-year, reaching 9,336 MSEK at year-end, with growth across all core geographies.

• Customer deposits increased to 8,585 MSEK, and total assets grew to 10,240 MSEK by year-end.

• Board proposes a dividend of 0.72 SEK per share, representing 60% of 2025 profit after tax, in line with dividend policy.

• Successfully listed on Nasdaq Stockholm and issued AT1 and T2 capital during the year.

Financial highlights

• Interest income for Q4 2025 was 226.3 MSEK, with net interest income of 165.6 MSEK.

• Cost/income ratio improved to 29.5% in Q4 2025, down from 32.4% in Q4 2024.

• Loan losses in Q4 2025 were 83.2 MSEK, with an annualized loan loss ratio of 3.6%.

• Total equity at year-end was 1,400 MSEK, with a book value per share (BVPS) of 13.60 SEK.

• Earnings per share for Q4 2025 were 0.34 SEK (diluted 0.32 SEK).

Outlook and guidance

• Focus for 2026 includes pursuing profitable growth, strengthening own distribution, and operational excellence.

• Financial targets set for ROE above 15% and cost/income below 30%.

• Plans to strengthen direct distribution and improve digital customer journeys.

• Dividend payments to remain attractive, balancing growth and shareholder returns.