Financial Ratios Swedbank AB

Equities

SWED A

SE0000242455

Banks

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Published financial data: SWEDBANK AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	32.81B	32.02B	29.91B	45B	102B
Interest Income On Investments	2.56B	1.77B	452M	295M	613M
Interest Income, Total	35.37B	33.79B	30.36B	45.3B	102B
Interest On Deposits	9.38B	6.94B	4.11B	12.14B	51.44B
Total Interest On Borrowings	-	-	-	-	-
Interest Expense, Total	9.38B	6.94B	4.11B	12.14B	51.44B
Net Interest Income	25.99B	26.85B	26.26B	33.16B	50.93B
Gain (Loss) on Sale of Assets	48M	-	-	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	678M	183M	-93M	-613M	542M
Income (Loss) on Equity Invest. (Income Block)	822M	582M	976M	738M	803M
Total Other Non Interest Income	18.42B	18.06B	19.75B	19.94B	20.78B
Non Interest Income, Total	19.97B	18.82B	20.63B	20.06B	22.12B
Revenues Before Provison For Loan Losses	45.96B	45.68B	46.89B	53.22B	73.06B
Provision For Loan Losses	1.47B	4.33B	170M	1.48B	1.67B
Total Revenues	44.49B	41.34B	46.72B	51.74B	71.38B
Salaries And Other Employee Benefits	10.68B	11.55B	12.36B	12.93B	13.46B
Occupancy Expense	1.55B	1.58B	1.63B	1.7B	1.92B
Selling General & Admin Expenses, Total	7.75B	7.43B	6.85B	6.79B	8.72B
(Income) Loss on Real Estate Property	3M	-	-	-	-
Total Other Non Interest Expense	2M	-	-	1.83B	3.57B
Non Interest Expense, Total	19.99B	20.56B	20.85B	23.25B	27.67B
EBT, Excl. Unusual Items	24.5B	20.78B	25.87B	28.5B	43.71B
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-606M	-
Asset Writedown	-82M	-2M	-56M	-532M	-88M
Other Unusual Items	1M	-4B	-	-	-
EBT, Incl. Unusual Items	24.42B	16.78B	25.82B	27.36B	43.62B
Income Tax Expense	4.71B	3.85B	4.94B	5.48B	9.49B
Earnings From Continuing Operations	19.71B	12.93B	20.87B	21.88B	34.13B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	19.71B	12.93B	20.87B	21.88B	34.13B
Minority Interest	-12M	-	-1M	-3M	-2M
Net Income - (IS)	19.7B	12.93B	20.87B	21.88B	34.13B
Net Income to Common Incl Extra Items	19.7B	12.93B	20.87B	21.88B	34.13B
Net Income to Common Excl. Extra Items	19.7B	12.93B	20.87B	21.88B	34.13B
Per Share Items
Net EPS - Basic	17.62	11.55	18.62	19.48	30.35
Basic EPS - Continuing Operations	17.62	11.55	18.62	19.48	30.35
Basic Weighted Average Shares Outstanding	1.12B	1.12B	1.12B	1.12B	1.12B
Net EPS - Diluted	17.56	11.51	18.56	19.43	30.27
Diluted EPS - Continuing Operations	17.56	11.51	18.56	19.43	30.27
Diluted Weighted Average Shares Outstanding	1.12B	1.12B	1.12B	1.13B	1.13B
Normalized Basic EPS	13.69	11.6	14.42	15.86	24.29
Normalized Diluted EPS	13.64	11.56	14.38	15.82	24.23
Dividend Per Share	4.35	2.9	9.25	9.75	15.15
Payout Ratio	80.61	-	78.15	57.74	32.13
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Effective Tax Rate - (Ratio)	19.29	22.95	19.15	20.02	21.76
Current Domestic Taxes	-	3.85B	3.95B	4.98B	4.22B
Current Foreign Taxes	-	93M	695M	1.19B	3.07B
Total Current Taxes	4.63B	3.94B	4.64B	6.17B	7.29B
Total Deferred Taxes	168M	206M	272M	-738M	2.41B
Normalized Net Income	15.3B	12.99B	16.17B	17.81B	27.32B
Non-Cash Pension Expense	110M	119M	45M	29M	-114M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	440M	323M	375M	318M	480M
Total Stock-Based Compensation	440M	323M	375M	318M	480M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	195B	294B	360B	366B	253B
Investment Securities, Total	451B	474B	556B	512B	604B
Trading Asset Securities, Total	48.92B	70.09B	51.01B	37.02B	37.08B
Mortgage Backed Securities	26.56B	25.19B	29.14B	31.47B	36.19B
Total investments	526B	570B	636B	580B	677B
Gross Loans	1,659B	1,697B	1,724B	1,879B	1,856B
Allowance For Loan Losses	-6.68B	-8.17B	-5.02B	-6.05B	-7.13B
Other Adjustments to Gross Loans	-1.67B	-1.6B	-1.71B	-4.07B	-6.64B
Net Loans	1,651B	1,687B	1,717B	1,869B	1,842B
Gross Property Plant And Equipment	8.84B	9.4B	10.39B	11.23B	12.14B
Accumulated Depreciation	-3.34B	-4.03B	-4.89B	-5.8B	-6.6B
Net Property Plant And Equipment	5.5B	5.37B	5.5B	5.43B	5.54B
Goodwill	13.71B	13.33B	13.5B	13.77B	13.79B
Other Intangibles, Total	4.16B	5.03B	5.99B	6.11B	6.65B
Investment in Real Estate	-	-	-	-	-
Accrued Interest Receivable	-	-	-	-	-
Other Receivables	2.98B	2.1B	1.87B	1.89B	2.41B
Restricted Cash	-	-	-	-	42.34B
Other Current Assets, Total	2.53B	1.42B	1.5B	1.6B	2.13B
Deferred Tax Assets Long-Term (Collected)	170M	124M	113M	159M	82M
Other Real Estate Owned And Foreclosed	55M	32M	28M	29M	29M
Other Long-Term Assets, Total	6.58B	16.48B	9.19B	10.88B	10.07B
Total Assets	2,408B	2,595B	2,751B	2,855B	2,856B
Liabilities
Accrued Expenses, Total	3.74B	2.84B	3.17B	2.99B	3.41B
Interest Bearing Deposits	954B	1,131B	1,261B	1,298B	1,230B
Total Deposits	954B	1,131B	1,261B	1,298B	1,230B
Short-Term Borrowings	199B	237B	229B	422B	370B
Current Portion of Long-Term Debt	220B	37.63B	46.35B	35.23B	55.27B
Current Portion of Leases	685M	680M	789M	817M	932M
Long-Term Debt	590B	713B	653B	560B	587B
Long-Term Leases	2.97B	2.93B	2.97B	2.81B	2.74B
Current Income Taxes Payable	836M	424M	672M	1.81B	3.87B
Accrued Interest Payable	-	-	-	-	-
Other Current Liabilities - (Bank / Utility Template)	112B	109B	140B	124B	122B
Unearned Revenue Non Current	641M	1.2B	1.64B	1.68B	1.96B
Pension & Other Post Retirement Benefits	8.8B	3.66B	1.8B	168M	176M
Deferred Tax Liability Non-Current	1.57B	2.78B	3.4B	3.6B	5.74B
Other Non Current Liabilities	176B	196B	246B	226B	273B
Total Liabilities	2,270B	2,439B	2,589B	2,679B	2,657B
Common Stock, Total	24.9B	24.9B	24.9B	24.9B	24.9B
Additional Paid In Capital	17.28B	17.28B	17.28B	17.28B	17.28B
Retained Earnings	94.06B	111B	118B	130B	153B
Comprehensive Income and Other	2.37B	1.62B	1.99B	3.68B	3.62B
Total Common Equity	139B	155B	162B	176B	199B
Minority Interest	25M	25M	26M	29M	30M
Total Equity	139B	155B	162B	176B	199B
Total Liabilities And Equity	2,408B	2,595B	2,751B	2,855B	2,856B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.12B	1.12B	1.12B	1.12B	1.12B
ECS Total Common Shares Outstanding	1.12B	1.12B	1.12B	1.12B	1.12B
Book Value / Share	123.94	138.54	144.16	156.77	176.71
Tangible Book Value	121B	137B	142B	156B	178B
Tangible Book Value Per Share	107.97	122.15	126.79	139.06	158.54
Average Assets	2,505B	2,671B	2,889B	3,021B	3,069B
Average Loans	1,719B	1,746B	1,736B	1,864B	1,925B
Total Debt	1,013B	992B	932B	1,021B	1,016B
Debt Equivalent of Unfunded Proj. Benefit Obligation	8.8B	3.66B	1.8B	-2.26B	-1.92B
Net Debt	722B	586B	495B	587B	680B
Equity Method Investments, Total	6.68B	7.29B	7.7B	7.83B	8.28B
Full Time Employees	15.22K	16.44K	16.56K	16.8K	17.28K
Number Of Offices	475	431	423	400	408
Assets on Operating Lease - Gross	-	-	-	-	-
Assets on Operating Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	19.7B	12.93B	20.87B	21.88B	34.13B
Depreciation, Depletion & Amortization	1.12B	1.11B	1.13B	1.17B	1.28B
Amortization of Goodwill and Intangible Assets - (CF)	139M	134M	132M	132M	116M
Total Depreciation, Depletion & Amortization	1.26B	1.24B	1.26B	1.3B	1.4B
Amortization of Deferred Charges, Total	291M	338M	366M	393M	525M
(Gain) Loss On Sale of Asset - (CF)	-73M	-3M	-	-	-
Total Asset Writedown	-449M	-208M	-2.21B	1.23B	-4.88B
Provision for Credit Losses	1.67B	4.51B	395M	1.64B	1.85B
(Income) Loss On Equity Investments - (CF)	-822M	-582M	-976M	-738M	-803M
Stock-Based Compensation (CF)	272M	178M	195M	174M	284M
Change in Trading Asset Securities	-43.19B	-15.08B	-20.74B	16.86B	-27.02B
Change in Other Net Operating Assets (Collected)	-16.28B	-92.1B	-60.89B	-72.8B	-82.36B
Other Operating Activities	1.54B	-5.5B	-1.43B	-255M	3.73B
Net Cash From Discontinued Operations	-	-	-	-	-
Cash from Operations	-36.08B	-94.29B	-63.16B	-30.33B	-73.15B
Capital Expenditure	-224M	-364M	-253M	-363M	-852M
Sale of Property, Plant, and Equipment	535M	1.72B	345M	169M	181M
Cash Acquisitions	-	-	-	-	-
Divestitures	52M	-	-	-	-
Investment in Marketable and Equity Securities, Total	632M	24M	536M	885M	253M
Cash from Investing	995M	1.38B	628M	691M	-418M
Short Term Debt Issued, Total	484B	-	-	-	-
Long-Term Debt Issued, Total	-	-	31.83B	36.37B	55.92B
Total Debt Issued	484B	-	31.83B	36.37B	55.92B
Short Term Debt Repaid, Total	-488B	-	-	-	-
Long-Term Debt Repaid, Total	-718M	-8.7B	-1.37B	-13.72B	-12.78B
Total Debt Repaid	-489B	-8.7B	-1.37B	-13.72B	-12.78B
Common Dividends Paid	-15.88B	-	-16.31B	-12.63B	-10.96B
Common & Preferred Stock Dividends Paid	-15.88B	-	-16.31B	-12.63B	-10.96B
Net Increase (Decrease) in Deposit Accounts - (CF)	33.49B	204B	113B	11.71B	-72B
Other Financing Activities, Total	53.31B	-	-	-	-
Cash from Financing	65.9B	195B	127B	21.72B	-39.82B
Foreign Exchange Rate Adjustments	1.31B	-3.4B	2.15B	13.75B	393M
Net Change in Cash	32.12B	98.52B	66.34B	5.84B	-113B
Supplemental Items
Cash Interest Paid	9.81B	5.04B	4.07B	11.76B	54.28B
Cash Income Tax Paid (Refund)	5.98B	4.33B	4.48B	4.54B	5.44B
Net Debt Issued / Repaid	-5.01B	-8.7B	30.46B	22.65B	43.14B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.85	0.52	0.78	0.78	1.2
Return On Equity %	14.27	8.8	13.17	12.95	18.21
Return on Common Equity	14.27	8.8	13.17	12.96	18.21
Shareholders Value Added	3.28B	-4.56B	1.99B	1.74B	11.76B
Margin Analysis
SG&A Margin	44.74	49.5	44.35	41.16	33.57
Net Interest Income / Total Revenues %	58.42	64.95	56.2	64.08	71.35
EBT Excl. Non-Recurring Items Margin %	55.07	50.27	55.38	55.07	61.23
Income From Continuing Operations Margin %	44.3	31.27	44.67	42.29	47.81
Net Income Margin %	44.27	31.27	44.67	42.28	47.81
Net Avail. For Common Margin %	44.27	31.27	44.67	42.28	47.81
Normalized Net Income Margin	34.39	31.42	34.61	34.41	38.27
Asset quality
Nonperforming Loans / Total Loans %	0.82	0.62	0.37	0.4	0.52
Nonperforming Loans / Total Assets %	0.56	0.41	0.23	0.26	0.34
Nonperforming Assets / Total Assets %	0.57	0.41	0.23	0.27	0.34
NPAs / Loans and OREO	0.83	0.63	0.37	0.4	0.52
NPAs / Equity	9.9	6.86	3.98	4.31	4.85
Allowance for Credit Losses / Net Charge-offs %	745.98	410.09	127.72	733.21	2.53K
Allowance for Credit Losses / Nonperforming Loans %	49.17	77.58	78.94	80.13	74.26
Allowance for Credit Losses / Total Loans %	0.4	0.48	0.29	0.32	0.38
Net Charge-offs / Total Average Loans %	0.05	0.11	0.23	0.04	0.01
Provision for Loan Losses / Net Charge-offs %	163.95	217.57	4.32	179.27	593.62
Earning Assets / IBL	107.59	107.09	106.39	107.78	108.8
Interest Income / Average Assets	1.41	1.27	1.05	1.5	3.34
Interest Expense / Average Assets	0.37	0.26	0.14	0.4	1.68
Net Interest Income / Average Assets	1.04	1.01	0.91	1.1	1.66
Non Interest Income / Average Assets	0.8	0.7	0.71	0.66	0.72
Non Interest Expense / Average Asset