Sparbanken Skåne (SK) investor relations material

Executive summary

• Operating profit for Q2 2026 was SEK 297 million, down from SEK 356 million in Q1 2026; for H1 2026, operating profit was SEK 653 million, compared to SEK 734 million in H1 2025.

• Net interest income increased sequentially to SEK 504 million in Q2 but declined year-over-year to SEK 993 million for H1, mainly due to lower market rates.

• Business volumes grew by 5% since year-end, reaching SEK 291 billion by June 2026, driven by strong mortgage and deposit growth.

• The bank maintained high activity levels and continued integrating sustainability into its strategy and operations.

Financial highlights

• Net interest income for Q2 2026 was SEK 504 million (Q1: SEK 489 million); H1 2026: SEK 993 million (H1 2025: SEK 1,025 million).

• Net commission income for Q2 2026 was SEK 140 million (Q1: SEK 145 million); H1 2026: SEK 285 million (H1 2025: SEK 267 million).

• Costs excluding credit losses increased to SEK 352 million in Q2 (Q1: SEK 329 million); H1 2026: SEK 681 million (H1 2025: SEK 633 million).

• Credit losses were minimal in Q2 (SEK 0.2 million) and positive for H1 (SEK 46 million), mainly due to derecognized financial assets.

• Return on equity for H1 2026 was 9.1% (H1 2025: 10.9%).

Outlook and guidance

• The Swedish economy is in a cautious recovery, with continued geopolitical uncertainty, especially due to the Middle East conflict.

• The bank expects stable credit quality and continued growth in lending and deposits, with a focus on sustainability and digitalization.

• Riksbanken's policy rate is expected to remain unchanged in 2026, with a possible hike later in the year.