Sparbanken Skåne (SK) Q3 2025 earnings summary

Executive summary

• Operating profit for Q3 2025 was SEK 341 million, down from SEK 356 million in Q2 2025, with a stable financial position despite a challenging macroeconomic environment.

• Net interest income increased slightly to SEK 512 million, while net commission income rose to SEK 133 million, mainly due to higher securities commissions.

• Costs excluding credit losses decreased, mainly due to lower personnel and consulting expenses.

• The bank updated its green bond framework, aligning further with EU taxonomy and expanding green lending criteria.

• Business volume grew to SEK 271 billion, up 1.6% since mid-year, driven by increased lending and positive securities market performance.

Financial highlights

• Q3 2025 operating profit: SEK 341 million (Q2: SEK 356 million); net interest income: SEK 512 million (Q2: SEK 507 million); net commission income: SEK 133 million (Q2: SEK 124 million).

• Costs excluding credit losses: SEK -303 million (Q2: SEK -328 million); credit losses: SEK -2 million (Q2: SEK 45 million).

• January–September 2025: operating profit SEK 1,075 million (Jan–Sep 2024: SEK 1,369 million); net interest income SEK 1,537 million (Jan–Sep 2024: SEK 1,817 million).

• Net commission income for Jan–Sep 2025: SEK 400 million (Jan–Sep 2024: SEK 411 million).

• Business volume at period end: SEK 271 billion (Jan–Sep 2024: SEK 263 billion).

Outlook and guidance

• Economic recovery in Sweden is expected to be slow, with a turnaround not anticipated until 2027.

• Riksbanken's rate cut to 1.75% and government fiscal stimulus are expected to support households and potentially spur a recovery by late 2025.

• The bank remains well-positioned to support customers and maintain financial stability, with a focus on sustainable growth and green transition.