Berner Kantonalbank (BEKN) investor relations material

Executive summary

• Achieved a semester profit of CHF 82.6 million, up 8.3% year-over-year, and operating profit of CHF 127.8 million, up 12.3%, reflecting strong customer business and investment activity.

• Expanded market position and customer trust, with a successful leadership transition ensuring continuity.

• Focused investments in staff, digital solutions, and service innovation to meet evolving client needs.

• Maintained and expanded market share in key business areas, especially financing and asset management.

• Dividend increased for the 30th consecutive year to CHF 10.80 per share, with a payout ratio of 57.4%.

Financial highlights

• Net interest income declined by 4.2% year-over-year to CHF 183.3 million, while gross interest income fell 1.7%.

• Commission and service income rose by 11.9% to CHF 70.1 million, driven by higher securities and credit commissions.

• Trading and fair value income increased by 55.2% to CHF 14.2 million.

• Business income grew 5.1% to CHF 291.2 million; operating expenses rose 2.0% to CHF 142.9 million, mainly due to higher personnel costs.

• Cost-income ratio improved to 49.1% from 50.6% year-over-year.

Outlook and guidance

• Expects continued positive business development for full-year 2026, supported by a solid financial base and diversified business model.

• Anticipates ongoing economic and geopolitical uncertainties in the second half, but remains confident in leveraging opportunities.

• Strategy execution continues with a focus on customer engagement, digitalization, and sustainability.

• Investments in skilled employees, modern technologies, and customer-centric services are prioritized.

• Cost management remains central, and the shareholder-friendly payout policy is reaffirmed.