Lea Bank (LEA) Q2 2026 earnings summary

Executive summary

• Achieved profit before tax of 43.1 MSEK and net profit of 33.2 MSEK in Q2 2026, with annualized ROE of 10.1% (14.9% adjusted).

• Gross loans surpassed 10.3 billion SEK, growing by 548 MSEK in the quarter, with growth across all geographies.

• Maintained strong cost control, with cost/income ratio at 30.0%.

• Robust liquidity and capital positions support continued expansion in core markets.

• One-off sale of a non-performing loan portfolio in Finland and renewal of forward flow agreement reduced credit risk.

Financial highlights

• Interest income for Q2 2026 was 241.5 MSEK, up 17% year-over-year, with net interest income at 163.4 MSEK.

• Net commission income increased to 18.1 MSEK, driven by higher lending volumes and insurance product penetration.

• Operating expenses were 57.8 MSEK, reflecting continued cost discipline.

• Loan losses for Q2 2026 were 91.5 MSEK, with a loan loss ratio of 3.6%.

• Dividend of 69.5 MSEK paid in Q2 2026.

Outlook and guidance

• Focus remains on profitable growth, strengthening own distribution, and operational excellence.

• Financial targets include ROE > 15% and cost/income ratio < 30%.

• Plans to improve digital customer journeys and continue selective portfolio acquisitions.