Handelsbanken (SHB) Investor presentation summary

Q3 2026 performance

• Operating profit SEK 7.353bn, up 10% QoQ; ROE 13.5%, C/I ratio 42.3% and CET1 ratio 17.0%.

• Total income SEK 13.959bn, up 4% QoQ; expenses SEK 5.910bn, down 1%; net interest income SEK 10.051bn, flat, and fee income SEK 3.330bn, up 6%.

• Net credit losses were SEK 5m and the net credit loss ratio was 0.00%; operating profit increased in all home markets.

• Anticipated YTD dividend SEK 8.0 per share, equal to 92% of net profit.

• Lending, deposits and assets under management grew; 75% of operating profit came from Sweden, 13% from the UK, 9% from Norway and 3% from the Netherlands.

Balance sheet and liquidity

• Short-term assets were 2.0x short-term liabilities; long-term assets were funded by stable long-term liabilities, supporting a balance sheet designed for long-term stress.

• NSFR was 119%; available stable funding exceeded required stable funding by SEK 328bn, stated as ~1.5 years of market funding before reaching 100% NSFR.

• Q3 liquidity reserve was SEK 849bn and LCR 183%, with a SEK 302bn cushion; additional prepared liquidity-generating measures were ~SEK 700bn.

• The reserve included SEK 517bn in cash and central-bank balances, SEK 242bn in sovereign and similar securities, and SEK 84bn in high-quality covered bonds.

Asset quality and lending

• More than 90% of lending was collateralized; household mortgages had a 57% average LTV and 3.1% of balances above 75% LTV.

• Home-market commercial and residential real estate portfolios had average LTVs of 46% and 49%, respectively; 99.8% of each portfolio had LTV below 75%.

• Credit loss ratio remained 0.00% in Q3 2026; quarterly ratios were 0.01% in Q4 2025 and Q1 2026, and 0.00% in Q2 2026.

• New corporate and household PD models were approved; the household model was expected to reduce capital requirements by ~SEK 3bn in Q4 2026, net of removing the associated Pillar 2 requirement.