Swedbank's interim report for the first quarter 2026

29 Apr 2026 07:00 CEST

Swedbank's President and CEO Jens Henriksson comments: "Swedbank starts 2026
with a stable first quarter"

· A stable result in an uncertain external environment
· Reorganisations for stronger customer focus and growing volumes
· Structural improvements are the next step for growth and efficiency

Financial information Q1 Q4 Q1
SEKm 2026 2025 % 2025 %
Total income 17 073 17 340 -2 17 329 -1
Net interest income 11 147 10 775 3 11 489 -3
Net commission income 4 172 4 249 -2 4 052 3
Net gains and losses on 689 982 -30 541 27
financial items
Other income¹ 1 064 1 334 -20 1 247 -15

Total expenses 6 881 6 268 10 6 115 13
Profit before impairments, 10 192 11 072 -8 11 214 -9
bank taxes and resolution
fees
Credit impairments 164 355 -54 -141

Bank taxes and resolution 672 713 -6 929 -28
fees
Profit before tax 9 356 10 004 -6 10 425 -10
Tax expense 2 011 1 838 9 2 229 -10
Profit for the period 7 345 8 166 -10 8 196 -10

Earnings per share, SEK, 6.50 7.22 7.26
after dilution
Return on equity, % 13.3 14.7 15.2
C/I ratio 0.40 0.36 0.35
Common Equity Tier 1 capital 17.5 17.8 19.7
ratio, %
Credit impairment ratio, % 0.03 0.07 -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

Maria Caneman, Head of Investor Relations
Phone: +46 72 238 32 10
E-mail: maria.caneman@swedbank.se

Hannes Mård, Head of Press
Phone: +46 73 057 41 95
Email: hannes.mard@swedbank.se

This information constitutes inside information that Swedbank is obliged to make
public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The
information was submitted for publication, through the agency of the contact
person set out above, 29 April 2026, 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

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671727_Interim_report_Q1_2026.pdf