Handelsbanken reports higher than expected income in the third quarter. Operating profit was higher than expected.

Total income amounted to SEK 15,545 million (16,244), which was better than Modular Finance's analyst consensus of SEK 15,087 million.

Net interest income amounted to SEK 11,763 million (12,184), expected to be SEK 11,472 million.

Net fee and commission income amounted to SEK 2,966 million (2,812), expected to be SEK 2,947 million.

Net trading income amounted to SEK 626 million (1,087), consensus SEK 506 million.

Operating expenses amounted to SEK 5,956 million (5,686), analyst consensus was SEK 6,110 million.

Credit losses were positive by SEK 141 million. Last year, credit losses were SEK 1 million. Expected credit losses were SEK 196 million.

Operating profit amounted to SEK 9,061 million (9,908), expected to be SEK 8,129 million.

Net profit amounted to SEK 7,037 million (7,583).

Handelsbanken, SEK millionQ3-2024 ConsensusChange from consensusQ3-2023 Change from consensus
Revenues 15 545 15 087 3,0% 16 244 -4,3%
Net interest income 11 763 11 472 2,5% 12 184 -3,5%
Net commission income 2 966 2 947 0,6% 2 812 5,5%
Net trading income 626 506 23,7% 1 087 -42,4%
Operating expenses-5 956 -6 110 -5 686
Loan losses 141 -196 -1
Operating profit/loss 9 061 8 129 11,5% 9 908 -8,5%
Net result 7 037 7 583 -7,2%
Consensus data from Modular Finance