St. Galler Kantonalbank AG reported consolidated earnings results for the year ended December 31, 2018. For the period, the company's operating income was CHF 477.6 million against CHF 459.8 million a year ago. Operating result was CHF 195.0 million against CHF 195.8 million a year ago. Profit for the period was CHF 158.6 million against CHF 156.0 million a year ago.

For 2019, the company expects an operational performance in the range of the previous year. Taking into account the valuation adjustments and provisions, the release of which was exceptionally high in 2018, consolidated profit is expected to be slightly below last year's level.