Sparbanken Skåne (SK) Q4 2025 earnings summary

Executive summary

• Operating profit for 2025 was SEK 1,375 million, down from SEK 1,753 million in 2024, mainly due to lower net interest income following market rate cuts.

• The bank maintained strong capital and liquidity positions, with a capital ratio of 29.3% and a liquidity coverage ratio of 348% at year-end.

• Business volume increased by 4% to SEK 276 billion, driven by growth in lending, deposits, and savings.

• The bank continued to focus on customer accessibility and value creation amid economic recovery and ongoing geopolitical uncertainties.

• Sustainability efforts advanced, with a new climate target and continued recognition as a top workplace.

Financial highlights

• Net interest income for 2025 was SEK 2,028 million, a 15% decrease year-over-year, primarily due to lower market rates.

• Net commission income declined to SEK 534 million from SEK 549 million, mainly from lower lending commissions.

• Costs excluding credit losses rose to SEK 1,264 million, up 4%, mainly due to higher personnel and IT expenses.

• Credit losses had a positive impact of SEK 61 million, reflecting reduced provisions for expected losses.

• Return on equity was 10.0% for 2025, in line with long-term targets.

Outlook and guidance

• Economic recovery is expected to strengthen in 2026, with forecasts indicating further improvement in employment and business activity.

• The bank remains well-positioned to support customers and maintain financial stability, despite ongoing global uncertainties.