2026-04-29 07:00
Swedbank’s interim report for the first quarter 2026
Swedbank's President and CEO Jens Henriksson comments: “Swedbank starts 2026 with a stable first quarter”
- A stable result in an uncertain external environment
- Reorganisations for stronger customer focus and growing volumes
- Structural improvements are the next step for growth and efficiency
| Financial information | Q1 | Q4 | Q1 | ||
| SEKm | 2026 | 2025 | % | 2025 | % |
| Total income | 17 073 | 17 340 | -2 | 17 329 | -1 |
| Net interest income | 11 147 | 10 775 | 3 | 11 489 | -3 |
| Net commission income | 4 172 | 4 249 | -2 | 4 052 | 3 |
| Net gains and losses on financial items | 689 | 982 | -30 | 541 | 27 |
| Other income¹ | 1 064 | 1 334 | -20 | 1 247 | -15 |
| Total expenses | 6 881 | 6 268 | 10 | 6 115 | 13 |
| Profit before impairments, bank taxes and resolution fees | 10 192 | 11 072 | -8 | 11 214 | -9 |
| Credit impairments | 164 | 355 | -54 | -141 | |
| Bank taxes and resolution fees | 672 | 713 | -6 | 929 | -28 |
| Profit before tax | 9 356 | 10 004 | -6 | 10 425 | -10 |
| Tax expense | 2 011 | 1 838 | 9 | 2 229 | -10 |
| Profit for the period | 7 345 | 8 166 | -10 | 8 196 | -10 |
| Earnings per share, SEK, after dilution | 6.50 | 7.22 | 7.26 | ||
| Return on equity, % | 13.3 | 14.7 | 15.2 | ||
| C/I ratio | 0.40 | 0.36 | 0.35 | ||
| Common Equity Tier 1 capital ratio, % | 17.5 | 17.8 | 19.7 | ||
| Credit impairment ratio, % | 0.03 | 0.07 | -0.03 | ||
| 1) Other income includes the items Net insurance, Share of profit or loss of associates and joint ventures, and Other income from the Group income statement. | |||||
Contact
Maria Caneman, Head of Investor Relations
Phone: +46 72 238 32 10
E-mail: maria.caneman@swedbank.se
Hannes Mård, Head of Press
Phone: +46 73 057 41 95
Email: hannes.mard@swedbank.se
This information constitutes inside information that Swedbank is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person set out above, 29 April 2026, at 07:00 CEST.