Skandiabanken (SBANK) investor relations material

Executive summary

• Operating profit for Q2 2026 was 96 MSEK, unchanged from Q1 2026, with continued growth in prioritized areas and strengthened customer relationships.

• Mortgage volume surpassed 120 billion SEK, reflecting strong demand and competitive pricing.

• The bank launched a digital securities transfer service and continued to grow managed savings, reaching a record near 50 billion SEK.

• Transitioned to a sector-wide modern payment infrastructure, improving transaction speed and security.

Financial highlights

• Q2 2026 revenues were 346 MSEK, up from 340 MSEK in Q1 2026; costs increased to 246 MSEK from 237 MSEK.

• Net interest income for Q2 was 294 MSEK, up from 290 MSEK sequentially, mainly due to higher mortgage volumes.

• Operating profit for H1 2026 was 192 MSEK, down 37% year-over-year from 307 MSEK.

• Return on equity for Q2 was 5.18%, down from 5.49% in Q1; for H1, it was 5.33% versus 8.51% a year earlier.

• Managed savings increased by 8% since December 2025, reaching 49.8 billion SEK.

Outlook and guidance

• The bank is well-positioned for continued growth, supported by a strong market position, customer growth, and investments in infrastructure.

• Market conditions remain uncertain due to geopolitical risks and potential interest rate changes.