St Galler Kantonalbank
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St Galler Kantonalbank (SGKN) investor relations material

St Galler Kantonalbank H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2025 earnings summary11 Feb, 2026

Executive summary

  • Consolidated net profit increased 5.5% to CHF 227.0 million year-over-year, with all revenue pillars exceeding prior-year levels.

  • Total business volume rose to CHF 106.6 billion, an 8.5% increase, driven by strong investment product performance and net new money of CHF 4.2 billion.

  • Significant growth in Global Custody business for Swiss pension funds, with volumes up CHF 1.7 billion.

  • Proposed dividend increase to CHF 20 per share, payout ratio at 52.8%.

Financial highlights

  • Gross operating income reached CHF 615 million, up 6.4% year-over-year.

  • Operating income rose 7.7% to CHF 604.7 million, and gross profit improved by 9.0% to CHF 283.3 million.

  • Net new money inflows totaled CHF 4.2 billion (+6.5%), with managed assets up 11.3% to CHF 71.8 billion.

  • Net new loans increased by CHF 1.0 billion (+2.9%) to CHF 34.7 billion, mainly from private mortgages.

  • Operating expenses rose 6.5% to CHF 321 million, reflecting higher personnel and IT costs.

Outlook and guidance

  • Stable growth expected for 2026, with results anticipated at prior-year levels, assuming stable interest rates and no recession in Switzerland.

  • Economic environment in Eastern Switzerland remains robust but faces challenges, with little cyclical momentum but no recession expected.

  • Interest rates expected to remain low and move sideways; equity markets to stay positive but volatile.

Detail Global Custody market opportunities
What caused the decline in customer deposits?
Reconcile 2025 target beats with flat 2026 outlook.
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H1 202611 Aug, 2026
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Frequently asked questions

St. Galler Kantonalbank AG is a Swiss regional bank providing a range of banking and financial services, including personal and business banking, wealth management, and investment advisory services. The bank primarily serves individuals, small to medium-sized enterprises, and institutional clients, with a focus on the St. Gallen region. St. Galler Kantonalbank offers products such as loans, savings accounts, mortgages, and asset management solutions, emphasizing local expertise and personalized client services. The company is headquartered in St. Gallen, Switzerland, and its shares are listed on the SIX Swiss Exchange.

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