EarningsQ2 2026 Earnings Report
DE:FRY Q2 2026 EPS Results
Actual EPS€0.59
Consensus EPS€0.60
Beat/MissMissed by -€0.01
One Year Ago EPS€0.64
DE:FRY Q2 2026 Revenue Results
Actual Revenue€3.24B
Expected Revenue€1.63B
Beat/MissBeat by +€1.62B
YoY Revenue Growth+7.69%
Earnings Announcement Details
QuarterQ2 2026
Date07/17/2026
TimeBefore Open
Conference CallFriday, July 17, 2026
DE:FRY Upcoming Earnings
Swedbank AB's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:FRY Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and financial performance: strong quarterly profit, healthy capital position, ratings upgrades, robust lending and asset‑gathering momentum, and the closure of major U.S. investigations. Offsetting these positives were near‑term headwinds including SEK 860m in extraordinary restructuring costs, pressure on lending margins and funding timing effects impacting NII, model/provision volatility and some IRB/RWA uncertainty. On balance, the highlights (profitability, capital strength, market share gains and inflows) materially outweigh the lowlights, which are primarily transitional or related to ongoing program costs and model approvals.Company Guidance
Strong quarterly profitability
Profit for the quarter amounted to SEK 7.2 billion; adjusted return on equity (excl. extraordinary restructuring costs) was 15.5%; earnings per share were SEK 6.37.
Solid capital and ratings progress
CET1 ratio of 17.4% at quarter-end, corresponding to a CET1 buffer of 260 basis points above regulatory requirements; both Fitch and Moody's raised Swedbank's credit ratings during the quarter.
Lending and mortgage growth
Lending volumes increased ~2% during the quarter; mortgage portfolio grew by 3% in local currency; in Sweden, mortgages originated through Swedbank's own channels increased by SEK 7 billion and the bank captured around 20% of total front‑book market growth in the first two months of the quarter.
Strong inflows and asset management performance
Net inflow to Swedbank Robur was SEK 22 billion this quarter; total assets under management rose to SEK 2.9 trillion; net commission income increased by 7% quarter‑on‑quarter, driven by asset management and payments.
Business momentum across corporate and Baltic markets
Corporate lending increased by SEK 16–18 billion (management referenced both figures) with strong demand including real estate and bond issuance; Baltic Banking showed continued momentum with mortgage volumes +SEK 4 billion and corporate lending +SEK 2 billion; private deposits in the Baltics grew by SEK 14 billion (partly due to Lithuanian pension reform).
Low credit impairments and resilient asset quality
Total credit impairments were SEK 313 million, corresponding to 6 basis points; management highlighted prudent underwriting, strong collateralization and a well‑diversified lending book.
Resolution of historical investigations
Reached settlement with New York State Department of Financial Services (DFS) to pay USD 50 million, concluding U.S. investigations into historical shortcomings — management framed this as removing a major legal uncertainty.
DE:FRY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed