Vontobel : Q4 Financial Timeseries (Excel)

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Vontobel Investor Relations February 6, 2026 Note: The information in this spreadsheet are compiled for information only. Figures in the most recent financial report are binding. Figures in this spreadsheet may differ from those originally published in our annual or half yearly reports due to, e.g., organizational changes or reclassifications.

Vontobel

	VONTOBEL	2025	2H25	1H25	2024	2H24	1H24	2023	2H23	1H23	2022	2H22	1H22	2021	2H21	1H21
	Income statement (CHF M)
	Net interest income after credit losses	81.0	36.6	44.4	115.4	52.9	62.5	179.7	85.2	94.5	101.4	68.8	32.6	61.3	25.6	35.7
	Net fee and commission income	851.2	431.7	419.5	835.8	424.4	411.4	787.3	372.6	414.7	833.8	393.4	440.4	974.8	499.1	475.7
	Trading income and other income	499.2	274.3	224.9	471.4	217.6	253.8	342.6	151.8	190.8	349.9	136.8	213.1	499.5	231.3	268.2
	Operating income	1,431.5	742.7	688.8	1,422.5	694.8	727.7	1,309.6	609.6	700.0	1,285.1	599.0	686.1	1,535.6	756.0	779.6
	Personnel expense	705.8	351.1	354.7	695.7	333.5	362.2	685.0	322.5	362.5	655.9	329.7	326.2	734.7	353.5	381.2
	General expense	256.3	122.3	134.0	260.9	126.7	134.2	250.9	120.7	130.2	258.6	129.3	129.3	233.3	117.7	115.5
	of which Provisions and losses	6.2	1.8	4.4	6.8	5.8	1.0	5.3	3.8	1.5	10.4	4.4	6.0	7.9	3.8	4.0
	Depreciation of property, equipment and intangible assets	105.8	53.6	52.2	112.0	54.0	58.0	106.0	52.9	53.1	103.3	53.0	50.2	100.4	51.0	49.4
	Operating expense	1,067.9	527.0	540.9	1,068.7	514.2	554.5	1,041.9	496.1	545.8	1,017.7	512.0	505.7	1,068.4	522.2	546.2
	Profit before taxes	363.5	215.5	148.0	353.8	180.5	173.3	267.7	113.5	154.2	267.4	87.0	180.4	467.2	233.8	233.4
	Taxes	83.4	50.9	32.5	87.7	44.7	43.0	53.0	26.4	26.6	37.5	8.5	29.0	83.4	41.9	41.5
	Group net profit	280.1	164.6	115.5	266.1	135.8	130.3	214.7	87.1	127.6	229.8	78.4	151.4	383.8	191.9	191.8
	of which allocated to minority interests													10.0	- 0	10.0
	of which allocated to shareholders	280.1	164.6	115.5	266.1	135.8	130.3	214.7	87.1	127.6	229.8	78.4	151.4	373.8	191.9	181.8
	Adjustments to pre-tax profit (income)
	Adjustments to pre-tax profit (expense)	18.7	8.7	9.9	16.6	8.0	8.6	12.4	3.9	8.5	5.2	5.2	- 0	9.1	- 0	9.1
	Adjusted pre-tax profit	382.2	224.3	157.9	370.4	188.5	181.9	280.1	117.4	162.7	272.6	92.2	180.4	476.3	233.8	242.5
	Assets under management (CHF B)
	Assets under management	240.7	240.7	233.3	229.1	229.1	225.9	206.8	206.8	211.9	204.4	204.4	208.6	243.7	243.7	244.2
	Net new money	4.2	2.2	2.0	2.6	0.3	2.3	-3.5	-2.6	-0.9	-5.2	-4.2	-1.0	8.1	1.5	6.6
	Personnel (full-time equivalents)
	Employees	2,310.0	2,310.0	2,302.1	2,264.4	2,264.4	2,277.6	2,274.8	2,274.8	2,220.6	2,214.4	2,214.4	2,159.8	2,109.3	2,109.3	2,070.4
	of which in Switzerland	1,914.9	1,914.9	1,906.1	1,856.7	1,856.7	1,873.5	1,869.3	1,869.3	1,810.7	1,801.1	1,801.1	1,738.3	1,694.8	1,694.8	1,669.2
	of which abroad	395.1	395.1	396.0	407.7	407.7	404.1	405.5	405.5	409.9	413.3	413.3	421.5	414.5	414.5	401.2
	Balance sheet (CHF M)
	Assets	34,737.4	34,737.4	35,467.6	32,860.9	32,860.9	33,123.5	29,146.0	29,146.0	32,061.7	30,509.2	30,509.2	32,943.0	32,397.9	32,397.9	33,666.9
	of which loans	7,907.8	7,907.8	6,907.9	6,200.9	6,200.9	6,624.9	6,312.0	6,312.0	7,139.8	7,462.3	7,462.3	7,115.8	7,102.5	7,102.5	6,956.6
	of which goodwill and other intangibles	593.2	593.2	602.3	592.8	592.8	603.6	613.6	613.6	623.9	629.6	629.6	538.2	547.0	547.0	554.7
	Liabilities	32,258.6	32,258.6	33,232.5	30,630.2	30,630.2	30,960.2	27,053.7	27,053.7	30,053.7	28,490.6	28,490.6	30,957.0	30,329.0	30,329.0	31,707.5
	of which customer deposits	12,672.1	12,672.1	12,338.9	11,353.4	11,353.4	10,967.5	9,951.5	9,951.5	11,453.7	13,240.9	13,240.9	15,207.3	14,793.3	14,793.3	14,645.9
	Shareholders' equity (excl. minority interests)	2,478.7	2,478.7	2,235.1	2,230.6	2,230.6	2,163.3	2,092.4	2,092.4	2,008.0	2,018.6	2,018.6	1,986.1	2,068.9	2,068.9	1,959.4
	Tangible book value	1,885.5	1,885.5	1,632.8	1,637.8	1,637.8	1,559.7	1,478.8	1,478.8	1,384.1	1,389.0	1,389.0	1,447.9	1,521.9	1,521.9	1,404.7
	Capital
	Risk-weighted positions (CHF M)	6,764.5	6,764.5	7,491.5	7,518.6	7,518.6	6,918.5	6,523.9	6,523.9	6,691.1	6,304.1	6,304.1	6,414.5	6,617.3	6,617.3	7,452.7
	Common equity tier 1 capital (CHF M)	1,334.3	1,334.3	1,253.8	1,210.3	1,210.3	1,266.3	1,220.1	1,220.1	1,155.5	1,052.7	1,052.7	1,186.5	1,100.7	1,100.7	1,078.4
	Common equity tier 1 capital ratio (%)	19.7	19.7	16.7	16.1	16.1	18.3	18.7	18.7	17.3	16.7	16.7	18.5	16.6	16.6	14.5
	Tier 1 capital (CHF M)	1,651.2	1,651.2	1,572.2	1,574.9	1,574.9	1,629.8	1,552.3	1,552.3	1,605.3	1,502.3	1,502.3	1,635.9	1,549.8	1,549.8	1,527.2
	Tier 1 capital ratio (%)	24.4	24.4	21.0	20.9	20.9	23.6	23.8	23.8	24.0	23.8	23.8	25.5	23.4	23.4	20.5
	Leverage ratio (%)	4.7	4.7	4.4	4.8	4.8	4.9	5.4	5.4	5.0	5.0	5.0	5.0	4.9	4.9	4.5
	Financial ratios (%)
	Loan-to-deposit ratio	62.4	62.4	56.0	54.6	54.6	60.4	63.4	63.4	62.3	56.4	56.4	46.8	48.0	48.0	47.5
	Cost/income ratio	74.2	70.7	77.9	74.7	73.2	76.1	79.2	80.8	77.8	78.4	84.7	72.8	69.1	68.6	69.5
	Adjusted cost/income ratio	72.9	69.5	76.5	73.5	72.0	74.9	78.2	80.1	76.5	78.0	83.9	72.8	68.5	68.6	68.4
	Tax rate	22.9	23.6	21.9	24.8	24.8	24.8	19.8	23.3	17.3	14.0	9.8	16.1	17.9	17.9	17.8
	Return on equity	12.2	14.2	10.2	12.3	12.3	12.3	10.5	8.5	12.5	11.2	7.8	14.6	18.8	19.0	18.7
	Return on tangible equity	16.4	19.0	13.8	16.9	16.6	17.2	14.8	12.0	17.8	15.5	11	19.7	25.9	26.0	25.9
	Return on CET1 capital	22.1	25.6	18.5	22.1	23.4	20.6	18.7	18.3	22.8	20.4	14.2	26.2	34.0	35.0	33.1
	Share
	Share price (CHF)	64.30	64.30	64.10	63.60	63.60	53.80	54.50	54.50	56.70	61.30	61.30	67.10	79.90	79.90	72.10
	Number of shares outstanding1	55,741,694	55,741,694	56,314,949	55,699,652	55,699,652	56,259,405	55,274,471	55,274,471	55,814,870	55,202,760	55,202,760	55,754,781	55,235,116	55,235,116	56,117,176
	Undiluted weighted average number of shares	56,097,866	55,991,482	56,204,250	55,938,434	55,652,600	56,224,268	55,597,402	55,444,756	55,750,049	55,604,823	55,604,823	55,765,783	55,872,743	55,555,829	56,189,656
	Market capitalization (CHF M)	3,584.2	3,584.2	3,609.8	3,542.5	3,542.5	3,026.8	3,012.5	3,012.5	3,164.7	3,383.9	3,383.9	3,741.1	4,413.3	4,413.3	4,046.0
	Basic earnings per share (CHF)	4.99	2.94	2.06	4.76	2.44	2.32	3.86	1.57	2.29	4.13	1.42	2.71	6.69	3.45	3.24
	Book value per share (CHF)	44.47	44.47	39.69	40.05	40.05	38.45	37.85	37.85	35.98	36.57	36.57	35.62	37.46	37.46	34.92
	Tangible book value per share (CHF)	33.83	33.83	28.99	29.40	29.40	27.72	26.75	26.75	24.80	25.16	25.16	25.97	27.55	27.55	25.03
	Dividend per share (CHF)	3.00			3.00			3.00			3.00			3.00
	Dividend yield2 (%)	4.67			4.70			5.50			4.90			3.75
	Payout ratio (%)	60			64			78			73			45
	1 Shares issued net of treasury shares.
	2 Dividend per share / share price at year-end.

Institutional Clients

	INSTITUTIONAL CLIENTS	2025	2H25	1H25	2024	2H24	1H24	2023	2H23	1H23	2022	2H22	1H22	2021	2H21	1H21
	Income statement (CHF M)
	Net interest income after credit losses	1.2	0.6	0.6	1.1	0.6	0.5	1.8	1.0	0.8	0.3	0.4	-0.1	-0.3	-0.4	0.1
	Net fee and commission income	366.1	183.9	182.2	397.4	200.8	196.6	382.1	179.9	202.2	457.6	209.9	247.7	592.6	303.6	289.0
	Trading income and other operating income	3.1	- 0	3.1	0.9	0.7	0.2	0.2	0.3	-0.1	-1.2	-0.7	-0.5	1.8	0.3	1.5
	Operating income	370.3	184.3	186.0	399.4	202.0	197.4	384.1	181.1	203.0	456.6	209.5	247.1	594.1	303.6	290.5
	Personnel expense	53.9	27.3	26.6	58.5	29.1	29.4	61.1	26.0	35.1	66.3	32.4	33.9	82.3	43.4	38.9
	General expense	17.9	8.8	9.1	18.2	8.6	9.6	18.7	8.9	9.8	22.9	12	11.0	12.4	7.1	5.3
	of which Provisions and losses	0.8	0.6	0.2	0.2	0.1	0.1	0.7	0.6	0.1	0.6	0.3	0.4	- 0	- 0	- 0
	Depreciation of property, equipment and intangible assets	3.2	1.6	1.6	3.1	1.5	1.6	3.1	1.6	1.5	3.0	1.5	1.5	3.9	1.8	2.1
	Operating expense	75.0	37.7	37.3	79.8	39.2	40.6	82.9	36.5	46.4	92.2	45.8	46.4	98.7	52.5	46.2
	Profit before taxes	295.3	146.7	148.6	319.5	162.7	156.8	301.3	144.7	156.6	364.4	163.7	200.7	495.4	251.1	244.3
	Assets under management (CHF B)
	Assets under management	108.7	108.7	109.3	110.8	110.8	111.4	103.3	103.3	108.7	107.2	107.2	118.3	142.9	142.9	147.6
	Average assets under management	109.3	108.6	110.1	109.3	111.0	108.0	107.1	105.2	109.1	122.6	112.7	131.7	142.0	144.8	139.6
	Net new money	-2.7	-0.9	-1.8	-2.9	-2.8	-0.1	-7.6	-4.6	-3.0	-10.6	-6.6	-4.0	1.9	-1.0	2.9
	Personnel (full-time equivalents)
	Employees	157.4	157.4	166.3	168.7	168.7	176.6	179.0	179.0	190.7	193.2	193.2	198.9	180.8	180.8	174.8
	Financial ratios
	NNM growth1 (%)	-2.4	-1.7	-3.2	-2.8	-5.0	-0.2	-7.1	-8.6	-5.6	-7.4	-11.2	-5.7	1.4	-1.5	4.3
	Operating income margin (bp)	34	34	34	37	36	37	36	34	37	37	37	38	42	42	42
	1 Half-year figures are annualized

Private Clients

	PRIVATE CLIENTS	2025	2H25	1H25	2024	2H24	1H24	2023	2H23	1H23	2022	2H22	1H22	2021	2H21	1H21
	Income statement (CHF M)
	Net interest income after credit losses	162.4	83.6	78.8	174.4	81.7	92.7	206.8	98.9	107.9	117.8	78.7	39.1	51.4	22.8	28.6
	Net fee and commission income	496.6	251.7	244.9	474.4	240.3	234.1	438.4	212.4	226.0	409.4	197.6	211.8	420.5	233.6	186.9
	Trading income and other operating income	407.2	228.6	178.6	367.7	163.7	204.0	264.4	115.3	149.1	309.6	116	193.6	484.3	206.6	277.7
	Operating income	1,066.2	563.8	502.4	1,016.5	485.7	530.8	909.6	426.5	483.1	836.8	392.3	444.5	956.2	463.0	493.2
	of which Structured solutions	307.1	180.3	126.8	278.3	125.6	152.7	204.5	83.1	121.3	240.8	82	158.8	395.3	181.7	213.7
	Personnel expense	234.9	117.8	117.1	214.0	107.4	106.6	216.8	110.5	106.3	196.2	106.4	89.8	201.3	106.2	95.1
	General expense	47.4	25.0	22.4	48.4	25.4	23.0	49.6	26.2	23.5	45.0	27.7	17.3	27.5	17.1	10.4
	of which Provisions and losses	3.7	2.3	1.4	5.5	4.7	0.8	3.2	2.1	1.1	3.0	0.7	2.3	5.4	3.5	1.9
	Depreciation of property, equipment and intangible assets	11.9	5.9	6.0	22.3	9.9	12.4	12.9	6.5	6.4	10.6	6.1	4.5	9.1	4.2	4.9
	Operating expense	294.2	148.7	145.5	284.7	142.8	141.9	279.3	143.1	136.2	251.9	140.3	111.6	237.9	127.5	110.4
	Profit before taxes	772.0	415.1	356.9	731.8	342.9	388.9	630.3	283.4	346.9	585.0	252	333.0	718.4	335.6	382.8
	Assets under management (CHF B)
	Assets under management	124.6	124.6	116.3	110.6	110.6	108.8	98.0	98.0	98.7	93.1	93.1	86.3	96.6	96.6	92.9
	Average assets under management	117.8	117.8	115.7	105.4	108.1	104.6	96.6	97.4	96.0	91.5	90.7	91.7	90.1	93.8	86.6
	Net new money	5.8	2.5	3.3	4.6	2.2	2.4	3.2	1.1	2.1	5.4	2.4	3.0	5.7	2.6	3.1
	Personnel (full-time equivalents)
	Employees	742.3	742.3	751.2	720.6	720.6	730.2	729.4	729.4	669.1	673.9	673.9	617.5	603.9	603.9	609.4
	of which relationship managers	347.7	347.7	354.7	348.9	348.9	355.1	357.9	357.9	320.1	315.6	315.6	301.9	297.3	297.3	301.6
	Financial ratios
	NNM growth1 (%)	5.2	4.3	6.0	4.7	4.0	4.9	3.4	2.2	4.5	5.6	5.6	6.2	6.9	5.6	7.5
	Operating income margin (bp)	91	91	87	96	90	101	94	88	101	91	87	97	106	99	114
	1 Half-year figures are annualized

CoE - Reconciliation

	CENTERS OF EXCELLENCE / RECONCILIATION	2025	2H25	1H25	2024	2H24	1H24	2023	2H23	1H23	2022	2H22	1H22	2021	2H21	1H21
	Income statement (CHF M)
	Net interest income after credit losses	-82.6	-47.5	-35.1	-60.2	-29.5	-30.7	-28.9	-14.7	-14.2	-16.7	-10.3	-6.4	10.2	3.2	7.0
	Net fee and commission income	-11.5	-3.9	-7.6	-36.0	-16.7	-19.3	-33.2	-19.7	-13.5	-33.2	-14.1	-19.1	-38.3	-38.1	-0.2
	Trading income and other operating income	88.9	45.7	43.2	102.8	53.2	49.6	78.0	36.2	41.8	41.5	21.5	20.0	13.4	24.4	-11.0
	Operating income	-5.1	-5.6	0.5	6.6	7.1	-0.5	15.9	2.0	13.9	-8.3	-2.8	-5.5	-14.7	-10.6	-4.1
	Personnel expense	417.0	206.0	211.0	423.2	197.0	226.2	407.1	186.0	221.1	393.4	190.9	202.5	451.1	203.9	247.2
	General expense	191.0	88.6	102.4	194.3	92.7	101.6	182.6	85.6	96.9	190.7	89.6	101.0	193.4	93.5	99.8
	of which Provisions and losses	1.6	-1.2	2.8	1.0	0.9	0.1	1.4	1.1	0.3	6.8	3.4	3.3	2.5	0.3	2.1
	Depreciation of property, equipment and intangible assets	90.7	46.1	44.6	86.6	42.6	44.0	90.0	44.8	45.2	89.7	45.4	44.2	87.4	45.0	42.4
	Operating expense	698.7	340.7	358.0	704.1	332.1	372.0	679.7	316.5	363.2	673.6	325.9	347.7	731.8	342.2	389.6
	Profit before taxes	-703.9	-346.3	-357.6	-697.5	-325.1	-372.4	-663.9	-314.5	-349.3	-682.0	-328.7	-353.3	-746.6	-352.9	-393.7
	Assets under management (CHF B)
	Assets under management	7.5	7.5	7.7	7.7	7.7	5.8	5.5	5.5	4.5	4.1	4.1	4.0	4.2	4.2	3.7
	Net new money	1.1	0.6	0.5	0.8	0.8	0.0	0.9	0.9	0.0	- 0	0.0	- 0	0.5	-0.1	0.6
	Personnel (full-time equivalents)
	Employees	1,410.4	1,410.4	1,384.6	1,375.1	1,375.1	1,370.9	1,366.4	1,366.4	1,360.8	1,347.3	1,347.3	1,343.4	1,324.6	1,324.6	1,286.2