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LLBN — Liechtensteinische Landesbank Aktiengesellschaft News Story

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Liechtenstein's LLB H1 profit rises 15%, business volume hits record

Liechtenstein's LLB H1 profit rises 15%, business volume hits record


Overview

  • Liechtenstein universal bank's H1 net profit rose 15% yr/yr to CHF 105 mln

  • Operating income up 0.9%, while expenses fell 6.8% on lower personnel and integration costs

  • Business volume and client assets under management reached new records, driven by broad-based growth


Outlook

  • LLB expects challenging market conditions to persist due to geopolitical and economic uncertainties

  • Company maintains its February prognosis, expecting a solid business result for full-year 2026


Result Drivers

  • FEE AND COMMISSION INCOME - Higher client asset volumes drove a 5.9% increase in fee and commission income

  • TRADING ACTIVITY - Intensified trading activity due to geopolitical tensions had a positive effect on earnings

  • LOWER EXPENSES - Operating expenses fell due to absence of prior-year integration costs and lower personnel costs from realized synergies


Company press release: ID:nEQ4xVR8a


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 EPS

CHF 3.45

H1 Net Income

CHF 105 mln

H1 Operating Expenses

-CHF 190.60 mln

H1 Operating Income

CHF 315.50 mln

H1 ROE

8.80%


Analyst Coverage

  • The one available analyst rating on the shares is "hold"

  • The average consensus recommendation for the banks peer group is "buy."

  • The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago


Reuters Recommended Reads

  • Aug 18 - Jefferson Security Bank Q2 net income rises on higher loan yields

  • Aug 17 - Brazil's XP Q2 net revenue rises on equities, funds platform strength

  • Aug 17 - Guotai Junan H1 revenue rises 37% on higher commission and fee income


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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