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    SEB A — Skandinaviska Enskilda Banken AB (publ) News Story

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    Swedish lender SEB's Q4 net operating profit declines

    Picture of Skandinaviska Enskilda Banken AB (publ) logoSkandinaviska Enskilda Banken AB (publ)
    29/01/2026 05:39
    Overview

Sweden financial services group's Q4 operating profit fell 12% yr/yr

Company proposes ordinary dividend of SEK 8.50 and special dividend of SEK 2.50

SEB approved SEK 1.25bn share buyback program until March 2026

Outlook

SEB sets 2026 cost target at SEK 33.4 bln +/- 0.25 bln

SEB plans quarterly share buybacks of SEK 1.25 bln until March 2026

Company aims to enhance efficiency using new technology in 2026

Result Drivers

CUSTOMER ACTIVITY - Increased customer activity and strong financial markets contributed to stable Q4 results, according to CEO Johan Torgeby

FEE AND COMMISSION INCOME - Net interest income headwinds were offset by a rise in fee and commission income across all divisions

COST MANAGEMENT - Total operating expenses for 2025 were in line with the year’s cost target

Key Details


    MetricBeat/MissActualConsensus Estimate
    Q4 Net IncomeSEK 7.31 bln
    Q4 Basic EPSSEK 3.71
    Q4 Net Credit LossesSEK 387 mln
    Q4 ROE12.90%
    

Analyst Coverage

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nWkr9VtCs0

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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