Q1 2026 Swedbank AB Earnings Call Transcript

Apr 29, 2026 / 08:00 AM GMT

Release Date Price: $33.93

Transcript

Key Points

Positve

Swedbank AB (SWDBF) delivered a stable result with a profit of 7.3 billion kroner in Q1 2026, despite geopolitical uncertainties.
The bank's mortgage market share in Sweden increased to almost 17% in the first two months of the quarter, aided by the acquisition of Stabelo.
Swedbank AB (SWDBF) has a strong capital and liquidity position, with a CET1 capital ratio of 17.5%, providing a buffer of around 270 basis points above regulatory requirements.
The bank's corporate business showed steady development, with increased lending volumes, particularly in the real estate sector in Sweden and the energy sector in the Baltics.
Swedbank AB (SWDBF) is implementing a cost-reduction program expected to save around 1 billion Swedish kronor annually by 2028, enhancing efficiency and shareholder value.

Negative

The return on equity was weighed down to 13.3% due to the timing of dividend payouts.
Swedbank AB (SWDBF) faces challenges from increased geopolitical tensions and rising energy prices, impacting customer sentiment and market conditions.
The bank's cost-to-income ratio was 0.4, indicating room for improvement in operational efficiency.
Credit impairments amounted to 164 million Swedish kronor, reflecting some pressure on credit quality.
The reorganization and integration efforts, including the divestment of PayEx and the sale of Entecard's consumer finance backbook, involve significant upfront costs and workforce reductions.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SWEDa.ST - Swedbank AB
Q1 2026 Swedbank AB Earnings Call
Apr 29, 2026 / 08:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning.

Thank you for dialing in this morning. I am Maria Kahnemann, Head of Investor Relations here at Swedbank and it's my pleasure to welcome you to our first quarter results presentation. I am joined today by our CEO, Jens Henriksson and our CFO, Joon Lidefelt.

Jens and Joon will start with the presentation and then there will be an opportunity to ask questions. With that, over to you, Jens.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thank you, Maria.

Swedbank has started 2026 by once again delivering a stable result in uncertain times.

The

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.