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TF Bank
TF Bank (TFBANK) investor relations material
TF Bank Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary20 Jan, 2026
Executive summary
Operating profit for Q4 2025 reached SEK 242 million, a 29% increase year-over-year, and full-year profit rose 25% to SEK 855.8 million, driven primarily by the Credit Cards segment and strong loan growth.
Earnings per share rose 36% to SEK 2.83, with adjusted EPS up 29% to SEK 9.95; a dividend of SEK 5.00 per share is proposed.
The business continues to scale efficiently, with improved cost/income ratios and strong profitability.
The company is progressing with its rebranding to Avarda Bank, expanding from a Nordic niche to a pan-European platform.
The loan portfolio grew 23% year-over-year to SEK 23.7 billion, with Germany as the largest market.
Financial highlights
Loan book grew 23% year-over-year, reaching close to SEK 27 billion.
Operating income increased 19% to SEK 2,905 million, with 92% from net interest income.
Net loan losses rose 21% to SEK 995.8 million, mainly from Credit Cards segment growth.
Deposits from the public totaled SEK 24.7 billion, with an 18% liquidity reserve.
Total capital ratio at year-end was 16.1%, down from 16.7% due to dividend deduction.
Outlook and guidance
Strong opportunities for further growth in Credit Cards are anticipated, especially in Germany.
New financial targets set: loan portfolio to reach SEK 35 billion by H2 2027, implying 20% annual growth.
Return on equity target remains well above 20%.
Non-CC segments' role in 2027 loan target
Ecommerce C/I ratio path to Credit Cards' efficiency?
Capital ratio trend vs. 2.5pp buffer target?
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Next TF Bank earnings date
Q1 202614 Apr, 2026
TF Bank
Next TF Bank earnings date
Q1 202614 Apr, 2026
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Frequently asked questions
TF Bank AB provides consumer banking services and e-commerce solutions through its proprietary Information Technology platform for both private individuals and businesses. The platform has enabled TF to provide its customers a wide range of traditional banking products, together with various e-commerce related offerings such as account-, saving-, credit/debit card-, loan- and invoice management services, on a cost-effective multi-channel platform through a single online entry point. TF Bank is based in Borås, Sweden.
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