SEB’s results for the third quarter 2026

22 October 2026 06:30 1 minutes to read

SEB’s operating profit for the third quarter 2026 amounted to SEK 9.4bn, with a return on equity of 13.0 per cent, a CET1 capital ratio of 17.1 per cent, and a capital buffer of 250 basis points.

“We delivered a robust result with overall solid customer activity and continued credit demand across all divisions. Net interest income continued to grow, we maintained a strong focus on costs and asset quality remained robust,” says SEB’s Acting President and CEO Jonas Ahlström.

Net financial income was negatively impacted by muted client activity and a challenging market-making environment for the fixed income, foreign exchange and commodities business.

SEB continues to manage costs diligently and as a result of the ongoing cost consolidation, costs are expected to come in below the 2026 full year cost target by approximately SEK 500-600m.

All about the report

Income statement

	Q3	Q2		Q3		Jan-Sep			Full-year
SEK m	2026	2026	%	2025	%	2026	2025	%	2025
Total operating income	18 626	20 055	-7	18 664	-0	57 087	58 045	-2	76 939
Total operating expenses	8 178	8 014	2	7 921	3	23 807	24 144	-1	32 596
Net expected credit losses	179	345	-48	203	-12	1 070	1 161	-8	1 548
Imposed levies	857	922	-7	822	4	2 591	2 668	-3	3 480
Operating profit before items affecting comparability	9 412	10 774	*-13*	9 719	-3	29 618	30 072	-2	39 314
Items affecting comparability									-416
Operating profit	9 412	10 774	*-13*	9 719	-3	29 618	30 072	-2	38 898

NET PROFIT	7 498	8 664	*-13*	7 677	-2	23 659	23 754	-0	31 063

Return on equity, %	13,0	15,7		14,0		13,9	14,1		13,8
Return on equity excluding items affecting comparability, %	13,0	15,7		14,0		13,9	14,1		14,0
Basic earnings per share, SEK	3,85	4,44		3,87		12,12	11,89		15,60

This disclosure contains information that SEB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 22-10-2026 06:30 CET.

For further information, contact:
Christoffer Malmer, CFO
+46 771 62 10 00

Pawel Wyszynski, Head of Investor Relations
+46 70 462 2111
pawel.wyszynski@seb.se

Petter Brunnberg, Head of Press & Media Relations
+46 70 763 5166
petter.brunnberg@seb.se

SEB is a leading northern European financial services group with international reach. We exist to positively shape the future with responsible advice and capital, today and for generations to come. By partnering with our customers, we want to be a leading catalyst in the transition to a more sustainable world. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway, Germany and the United Kingdom, we have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in our presence in more than 20 countries worldwide, with around 18,400 employees. At 30 September 2026, the Group's total assets amounted to SEK 4,439bn while assets under management totalled SEK 3,157bn. Read more about SEB at sebgroup.com.