Walliser Kantonalbank (WKBN) H1 2025 earnings summary

Executive summary

• Total assets increased by 4.9% to CHF 21.87 billion as of June 30, 2025, compared to December 31, 2024.

• Maintained strong performance in H1 2025 despite successive interest rate cuts and rising economic uncertainty.

• Operational efficiency remains high with a cost/income ratio of 46.3%.

• Net profit for the first half of 2025 was CHF 60.96 million, down 7.7% year-over-year.

Financial highlights

• Net interest income fell 12.7% year-over-year to CHF 97.96 million.

• Commission and service income rose 8.7% to CHF 25.72 million.

• Trading income increased 48.2% to CHF 9.55 million.

• Operating expenses rose 1.6% to CHF 66.47 million.

• Operating profit was CHF 70.5 million, a 6.2% decrease.

Outlook and guidance

• No changes in accounting principles or evaluation methods were made in the first half of 2025.

• Expects solid results for 2025, below last year's exceptional levels but in line with the four-year average.

• Performance will depend on Swiss National Bank policy and geopolitical tensions.