EarningsQ2 2026 Earnings Report
DE:SEBC Q2 2026 EPS Results
Actual EPS€0.39
Consensus EPS€0.35
Beat/MissBeat by +€0.04
One Year Ago EPS€0.37
DE:SEBC Q2 2026 Revenue Results
Actual Revenue€3.61B
Expected Revenue€1.72B
Beat/MissBeat by +€1.89B
YoY Revenue Growth-1.65%
Earnings Announcement Details
QuarterQ2 2026
Date07/15/2026
TimeBefore Open
Conference CallWednesday, July 15, 2026
DE:SEBC Upcoming Earnings
Skandinaviska Enskilda Banken AB Class C's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a materially positive commercial and financial performance in Q2: record fee income, revenue above SEK 20 billion, positive jaws, improving loan growth (notably corporate), strong wealth inflows and a healthy ROE. These positives are tempered by cost seasonality and investments, one-off valuation hits (~SEK 300m), regulatory/model uncertainties, and potential political/tax risks. Management is proactively addressing AI governance and capital planning. Overall the positive business momentum and strong headline metrics outweigh the headwinds, though key risks (costs, regulatory timing, and tax) warrant monitoring.Company Guidance
Revenue and Profitability
Total revenue exceeded SEK 20 billion in Q2 2026; net profit was SEK 8.7 billion and EPS SEK 4.4. Return on equity was 15.7% for the quarter (17.4% adjusted for pension surplus).
Positive Operating Jaws
For the first time in some time SEB reported positive jaws in Q2 — income grew faster than costs both quarter-on-quarter and year-on-year.
Record Net Fee and Commission Income
Net fee and commission income reached a new quarterly high at SEK 7.2 billion, up 8% year-on-year, driven by strong capital markets activity, ECM, corporate finance and seasonal Transaction Services.
Loan and Corporate Lending Growth
Loan portfolio expanded, with overall loan growth of ~4% quarter-on-quarter (FX-adjusted) and corporate lending increasing c.5% Q-on-Q, indicating an inflection in corporate credit demand.
Net Interest Income Improvement
Net interest income increased c.4% sequentially (around SEK 450 million), supported by Baltic benefits from higher ECB rates and higher CIB lending volumes and deposits.
Wealth & Asset Management Momentum
AUM passed SEK 3,000 billion for the first time (up 7% Q-on-Q). Reported net sales were SEK 11.5 billion, and excluding a SEK 11 billion one-off Lithuanian pension outflow, underlying net inflows were SEK 22.4 billion for the quarter.
Baltic Division Strength
Baltic operations delivered strong growth, particularly in mortgages and SME lending; ECB approved merger of three banks with completion aimed at year-end.
Capital and Portfolio Actions
Agreement to sell Euroclear shareholding generated a total capital gain of EUR 76 million (EUR 41 million recognised prudently this quarter); estimated CET1 impact ~15 bps (10 bps at closing). Quarter-end CET1 management buffer remained at 250 bps after retained earnings and buybacks.
DE:SEBC 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