Swedbank A

Earnings Release • Oct 23, 2024

23 October 2024

Swedbank's Interim report for the third quarter 2024

Swedbank´s President and CEO Jens Henriksson comments: "Swedbank delivers a strong result."

• Strong quarter further supported by positive one-off and timing effects.
• Solid credit quality.
• Most loved brand in the Baltic countries for sixth consecutive year.

Financial information	Q3	Q2		Jan-Sep	Jan-Sep
SEKm	2024	2024	%	2024	2023	%
Total income	19 146	18 237	5	55 470	54 028	3
Net interest income	12 229	12 165	1	36 993	37 605	-2
Net commission income	4 286	4 169	3	12 430	11 334	10
Net gains and losses on financial items	1 170	911	28	2 763	2 093	32
Other income¹	1 461	991	47	3 283	2 997	10
Total expenses	5 986	6 465	-7	18 636	17 689	5
of which administrative fines	0	0		0	887	-100
Profit before impairments, bank taxes and resolution fees	13 160	11 772	12	36 834	36 339	1
Impairment of tangible and intangible assets	0	32	-100	32	13
Credit impairments	271	-289		126	1 311	-90
Bank taxes and resolution fees	1 012	1 045	-3	3 162	2 472	28
Profit before tax	11 876	10 983	8	33 513	32 542	3
Tax expense	2 497	2 388	5	7 112	6 734	6
Profit for the period	9 379	8 595	9	26 401	25 808	2
Earnings per share, SEK, after dilution	8.30	7.61		23.37	22.90
Return on equity, %	18.4	17.5		17.5	18.9
C/I ratio	0.31	0.35		0.34	0.33
Common Equity Tier 1 capital ratio, %	20.4	20.1		20.4	18.7
Credit impairment ratio, %	0.06	-0.06		0.01	0.09

1) Other income includes the items Net insurance, Share of profit or loss of associates and joint ventures, and Other income from the Group income statement.

Contact:

Annie Ho, Head of Investor Relations, tel. +46 70 343 78 15 Charlotte Nilsson, Media Relations Manager, tel. +46 76 534 66 12

This information constitutes inside information that Swedbank 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 set out above, 23 October 2024, at 07:00 CEST.

Swedbank empowers the many people and businesses to create a better future. Our vision is a financially sound and sustainable society. Swedbank Group is the leading bank with over 7 million retail customers and 550 000 corporate customers in our four home markets: Sweden, Estonia, Latvia and Lithuania. Swedbank Group is also present in other Nordic countries, the U.S. and China. Together we make your financial life easier. Find out more: www.swedbank.com