- Handelsbanken’s 1Q net interest income missed estimates, closing at SEK11.59 billion instead of the estimated SEK11.98 billion.
- Sweden’s net interest income came in at SEK7.39 billion, below the estimated SEK7.8 billion.
- The UK reported a net interest income of SEK2.63 billion, falling short of the estimated SEK2.72 billion.
- Norway’s net interest income was SEK1.20 billion, slightly under the estimated SEK1.22 billion.
- The bank’s net fee and commission income also fell short, closing at SEK2.75 billion against the estimated SEK2.84 billion.
- Net income was SEK6.60 billion, just beneath the estimated SEK6.75 billion.
- Total expenses overshoot the estimated SEK 6.09 billion to settle at SEK6.47 billion.
- Common equity Tier 1 ratio movement was minimal, realised at 18.8% instead of the estimated 18.9%.
- The Cost to Income Ratio is recorded at 42.2%.
- Operating profit was SEK8.27 billion, below the estimated SEK9.32 billion.
- Sweden’s operating profit after profit allocation was SEK6.50 billion, almost matching the estimate of SEK6.51 billion.
- The UK’s operating profit after profit allocation was SEK1.41 billion, missing the estimated SEK1.59 billion.
- Norway’s operating profit after profit allocation was SEK537 million.
- Total income was SEK15.32 billion, just under the estimated SEK15.41 billion.
- Sweden reported a total income of SEK9.96 billion, short of the estimated SEK10.15 billion.
- The UK’s total income was slightly off the estimated SEK3 billion at SEK2.89 billion.
- Norway reported a total income of SEK1.38 billion, not reaching the estimated SEK1.41 billion.
- Historically, the bank’s stocks display a balanced mix of recommendations with 8 buys, 8 holds and 8 sells.
A look at Svenska Handelsbanken AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Svenska Handelsbanken AB seems to have a promising long-term outlook. With solid scores in Value, Growth, and Momentum, the company is positioned well for future growth and profitability. Its high Dividend score indicates a strong commitment to rewarding investors, while the lower Resilience score suggests some vulnerability to market fluctuations. Overall, Svenska Handelsbanken AB appears to be a competitive player in the banking sector.
Svenska Handelsbanken AB attracts deposits and offers a wide range of commercial banking services, including corporate finance, securities brokerage, and asset management. Operating in Europe, Asia, and the United States, the bank has established a significant presence in key markets. With a focus on value, growth, and momentum, Svenska Handelsbanken AB is positioned to continue its growth trajectory and deliver value to both customers and investors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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