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Svenska Handelsbanken AB (publ) (SVNLY) Q1 2026 Earnings Call Transcript
Svenska Handelsbanken AB (publ) (SVNLY) Discusses Pre-Close Trends in NII, Lending Volumes, Policy Rates and Fee Developments Transcript
Declining net interest income continues to weigh on Svenska Handelsbanken, driving a double-digit decline in earnings last quarter. With Sweden's central bank now done easing, SVNLY's net interest income should bottom at some point this year. Cost control and fee income are supporting SVNLY to an extent, while credit quality remains an ongoing strength.
Svenska Handelsbanken AB (publ) (SVNLY) Q4 2025 Earnings Call Transcript
Svenska Handelsbanken AB (publ) (SVNLY) Discusses Impact of Regulatory Changes and Deposit Requirements Ahead of Interim Report Transcript
Svenska Handelsbanken delivered a much better Q3, with a rebound in mutual fund income and good cost control offsetting weaker net interest income. Handelsbanken's net interest income continues to decline on the back of lower interest rates, but the easing cycle in Sweden appears to have run its course. Despite the strong year-to-date performance of its ADSs, Handelsbanken is still offering investors a circa double-digit return from its dividend.
Svenska Handelsbanken AB (publ) (OTCPK:SVNLY) Q3 2025 Earnings Call October 22, 2025 2:15 AM EDT Company Participants Michael Green - President & Group CEO Peter Grabe - Head of Investor Relations Marten Bjurman - Chief Financial Officer Conference Call Participants Magnus Andersson - ABG Sundal Collier Holding ASA, Research Division Andreas Hakansson - SEB, Research Division Nicolas McBeath - DNB Carnegie, Research Division Tarik El Mejjad - BofA Securities, Research Division Sofie Caroline Peterzens - Goldman Sachs Group, Inc., Research Division Riccardo Rovere - Mediobanca - Banca di credito finanziario S.p.A., Research Division Shrey Srivastava - Citigroup Inc., Research Division Presentation Michael Green President & Group CEO [Audio Gap] The bank reported a solid quarter with earnings growing compared to Q2.
Svenska Handelsbanken remains one of the most risk-averse and safest banks, trading at attractive valuation multiples, especially for the A share. Recent interim results show declines in net interest income and profits, but the bank maintains robust CET1 and credit loss ratios, outperforming Nordic peers in risk control. The B share trades at an unreasonable premium despite identical dividends and lower voting rights, making the A share the clear value choice for long-term investors.
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