Swedbank's Interim report for the first quarter 2025

29 Apr 2025 07:00 CEST

Swedbank´s President and CEO Jens Henriksson comments: "Swedbank stands strong
in uncertain times".

· Return on equity 15.2%
· Strict cost control is producing results
· Establishment of a Nordic investment bank - SB1 Markets - together with
SpareBank 1

Financial information Q1 Q4 Q1
SEKm 2025 2024 % 2024 %
Total income 17?329 18?634 -7 18?087 -4
Net interest income  11?489  12?274  -6  12?599  -9
Net commission income  4?052  4?285  -5  3?976  2
Net gains and losses on 541  923  -41  682  -21
financial items
Other income¹  1?247  1?152  8  831  50
Total expenses 6?115 6?740 -9 6?185 -1
Profit before impairments, 11?214 11?894 -6 11?902 -6
bank taxes and resolution
fees
Impairment of tangible and 0  757  -100  0
intangible assets
Credit impairments  -141  -394  -64  144
Bank taxes and resolution 929  858  8  1?104  -16
fees
Profit before tax 10?425 10?673 -2 10?654 -2
Tax expense  2?229  2?208  1  2?226  0
Profit for the period  8?196 8?465 -3 8?428 -3

Earnings per share, SEK, 7.26  7.50  7.47
after dilution
Return on equity, %  15.2  15.8  16.9
C/I ratio  0.35  0.36  0.34
Common Equity Tier 1 capital 19.7  19.8  19.3
ratio, %
Credit impairment ratio, %  -0.03  -0.08  0.03
1) Other income includes the
items Net insurance, Share
of profit or loss of
associates and joint
ventures, and Other income
from the Group income
statement.

Contact:
Magnus Alvesson, Acting Head of Investor Relations, phone +46 70 610 3341, e
-mail magnus.alvesson@swedbank.se
Hannes Mård, Head of Press, phone +46 73 057 4195, e-mail
hannes.mard@swedbank.se

This information constitutes inside information that Swedbank AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation (EU no
596/2014). The information was submitted for publication, through the agency of
the contact person set out above, April 29 2025, at 07:00 CEST.

Swedbank empowers the many people and businesses to create a better future. Our
vision is a financially sound and sustainable society. Swedbank Group is the
leading bank with over 7 million retail customers and 550 000 corporate
customers in our four home markets Sweden, Estonia, Latvia and Lithuania.
Swedbank Group is also present in other Nordic countries, the U.S. and China.
Together we make your financial life easier. Find out more: www.swedbank.com

More information:
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644656_Press_release_Swedbank_s_Interim_report_for_the_first_quarter_2025.pdf
644656_Interim_Report_Q1_2025.pdf