Zuger Kantonalbank (ZUGER) H1 2026 earnings summary

Executive summary

• Total assets increased by 6.7% to CHF 20.55 billion compared to year-end 2025.

• Net profit for the half-year was CHF 71.4 million, up 0.6% year-over-year.

• Customer assets grew by 5.1% to CHF 30.84 billion.

• Customer loans decreased by 1.0%, with mortgage loans down 0.7% from year-end.

Financial highlights

• Net interest income declined by 2.8% year-over-year to CHF 104.9 million.

• Commission and service income rose by 8.3% to CHF 50.0 million.

• Trading income increased by 3.4% to CHF 10.3 million.

• Operating expenses rose by 3.2% to CHF 73.5 million.

• Cost-income ratio increased to 43.5% from 42.2% year-over-year.

Outlook and guidance

• No significant post-balance sheet events impacting financial position as of June 30, 2026.