SEB falls as goodwill writedowns hit Q4 profits

Skandinaviska Enskilda Banken AB (publ)

29/01/2026 08:57

** Shares in SEB SEBa.ST fall 5% after the Swedish lender booked lower than expected results for the final quarter of 2025, battered by goodwill writedowns, lower interest income

** It posts its net profit in Q4 at 7.31 billion Swedish crowns  ($829.11 million), missing the average analyst forecast of 7.70 billion

** Its net interest income in the quarter fell 3% from the previous three months to 10.07 billion crowns, missing the analysts' estimate of 10.2 billion crowns

** The bank booked an impairment of goodwill of 416 million crowns related to SEB Card Norway in the quarter

** "Pre-provision profits came in 5% lower than expected, with the main drivers being a 3% revenue miss," Jefferies says

** SEB shares are among top fallers on STOXX 600 .STOXX, set for their worst day since April

($1 = 8.8167 Swedish crowns)

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))