Handelsbanken Q3 operating profit falls short of consensus despite quarterly growth
Svenska Handelsbanken reported third-quarter operating profit of SEK 7.35 bn, below the SEK 7.80 bn consensus, according to Reuters citing LSEG and company data.
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what happened
Sweden-based Svenska Handelsbanken reported third-quarter operating profit of SEK 7.35 bn, below the SEK 7.80 bn consensus estimate. Adjusted for comparability items, operating profit rose 10% from the second quarter. Income increased and expenses declined, while lending, mainly in the UK and the Netherlands, and assets under management reached record levels. The information comes from Reuters, which cites LSEG and company data.
why it matters
The bank expects its CET1 capital requirement to fall by about SEK 3 bn after adopting a new PD model. Its CET1 ratio stood at 17.00% and ROE at 13.5%, while earnings per share of SEK 2.87 came in just under the SEK 2.93 estimate. Most covering analysts rate the shares sell, and the stock trades at 13 times forward earnings versus 12 three months ago.
market impact
Swedish banks: a profit miss against forecasts weighs on sentiment toward Handelsbanken shares
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sources
- Sweden's Handelsbanken Q3 operating profit below consesus estimates — Reuters, 21 October 2026 at 05:28 UTC
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