Handelsbanken Reports Lower Profitability in Interim Results
Handelsbanken's interim report for January-June 2026 shows a decrease in operating profit for the second quarter to SEK 6,678 million from SEK 8,195 million. Adjusted for items affecting comparability, operating profit fell by 6%.
Handelsbanken reported a decline in operating profit for the second quarter of 2026, with the figure dropping to SEK 6,678 million from SEK 8,195 million in the previous quarter. When adjusted for items impacting comparability, the bank's operating profit saw a 6% decrease.
The return on equity for the quarter was 12.8%, down from 13.6% in the prior period. Earnings per share also declined to SEK 2.60 from SEK 3.21. The bank's cost-to-income ratio, C/I ratio, increased to 44.3% from 39.5%, indicating higher expenses relative to revenue.
The credit loss ratio remained minimal at 0.00%, compared to 0.01% a year earlier. The common equity tier 1 capital ratio remained stable at 17.2%.
For the first six months of 2026, operating profit reached SEK 14,873 million, a decrease from SEK 15,243 million in the same period of 2025. Adjusted for comparability items, operating profit for the half-year decreased by 10%. However, the return on equity for the January-June period improved to 13.2% from 12.8%.