Luzerner Kantonalbank (LUKN) H1 2025 earnings summary

Executive summary

• Achieved record half-year net profit of CHF 150.7 million, up 4.1% year-over-year, despite a challenging environment with lower interest rates and volatile markets.

• Strategic focus on diversifying income streams and investing in non-interest business segments led to strong growth in commission, service, and trading income.

• Assets under management rose to CHF 40.1 billion, with net new money of CHF 464 million in H1 2025.

• The bank is on track to meet or exceed its 2021–2025 strategic financial targets.

Financial highlights

• Net profit reached CHF 150.7 million, a 4.1% increase compared to H1 2024.

• Operating income was CHF 347.4 million, up 8.7% year-over-year.

• Cost-income ratio improved to 45.9%, well below the 50% strategic maximum.

• Net interest income grew by 10.1% to CHF 231.7 million, driven by active interest management and higher customer loans.

• Trading income exceeded CHF 40 million for the first time in a half-year period.

Outlook and guidance

• Full-year 2025 profit is expected at the upper end of the CHF 265–285 million guidance range.

• All strategic financial targets for the 2021–2025 period are expected to be met or surpassed.

• New strategic priorities for 2026–2030 will be communicated in November 2025.