TF Bank (TFBANK) Q2 2025 earnings summary

Executive summary

• Operating profit for Q2 2025 reached SEK 195 million, up 24% year-over-year, driven by Credit Cards segment growth.

• Loan portfolio grew 20% year-over-year in local currencies, reaching SEK 21,671 million as of June 2025.

• Extraordinary dividend of SEK 5.00 per share distributed during the quarter.

• Strategic transformation into a pan-European credit and payment platform is progressing, with expansion plans including the UK.

• Adjusted earnings per share rose 27% to SEK 13.28; adjusted return on equity was 21.9%.

Financial highlights

• Earnings per share rose to SEK 6.72 from SEK 5.43 in Q2 2024.

• Return on equity was 21.6% compared to 22.5% a year earlier.

• Operating income increased by 17% to SEK 1,359 million for the first half of 2025.

• Cost/income ratio improved to 37.5% from 39.8% year-over-year.

• Net loan losses rose 19% to SEK 466.7 million, with a net loan loss ratio of 4.5%.

Outlook and guidance

• Aim to achieve a loan portfolio of SEK 35 billion by the second half of 2027.

• Targeting a return on equity well above 20% and capital ratios exceeding regulatory requirements by at least 2.5 percentage points.

• Continued execution of a pan-European commercial plan, with a focus on portfolio build-up and new market entries, including the UK.