Thurgauer Kantonalbank (TKBP) investor relations material

Executive summary

• Achieved solid growth in customer loans (+1.2%), customer deposits (+1.4%), and client assets (+4.4%) compared to December 2025, with a net new money inflow of CHF 503 million and over 2,500 new clients in H1 2026.

• All revenue pillars strengthened, with net interest income up 5.1% and commission and service business income rising 11% to CHF 47.2 million.

• Operational profit increased 9.2% year-over-year to CHF 123.5 million, and net profit for the half-year rose 0.9% to CHF 81.6 million.

• Maintained high efficiency with a cost/income ratio of 44.5% and a strong capital ratio of 21.3%.

• Recognized as the best Swiss private bank and investment bank in 2026, with digital services ranked among the top ten in Switzerland.

Financial highlights

• Net interest income (brutto) rose 2.3% to CHF 156.9 million; net interest income up 5.1% year-over-year.

• Commission and service income increased 11% to CHF 47.2 million, driven by strong market performance and net new money inflows.

• Trading income stable at CHF 23.0 million (+5.7% year-over-year), with continued customer-driven FX and derivatives activity.

• Operating income grew 6.4% year-over-year to CHF 230.1 million; operating profit up 9.2% to CHF 123.5 million.

• Net profit for the half-year was CHF 81.6 million, a 0.9% increase over the prior year.

Outlook and guidance

• Expects slightly lower full-year operating profit and net profit for 2026 compared to 2025 due to market uncertainties.

• Strategic focus remains on regional anchoring, customer orientation, and digital offerings.

• Thurgau real estate market remains functional; regional economy robust but sector outlooks vary.

• Uncertain development in stock and financial markets anticipated.