Handelsbanken was the last to release its annual report on Wednesday. This means that the results of the four major banks for the full year 2024 can now be summarized.
Total profit after tax: 156 billion kronor, compared to 157.4 billion in 2023.
Total dividend: 114.9 billion kronor, compared to 102.4 billion the previous year.
In addition to the dividends, large share buyback programs from SEB and Nordea worth tens of billions of kronor will also be implemented, indirectly benefiting the shareholders.
In terms of results, the banks' profits are no longer increasing. For SEB and Handelsbanken, the full-year profit even decreased slightly. However, the banks' coffers are still quite full. Therefore, the boards have decided to increase the dividends. Swedbank is increasing its dividend the most, from 17 billion to 24.4 billion kronor.
Nordea and SEB are increasing their dividends to a lesser extent, but have ongoing share buyback programs worth tens of billions of kronor. Indirectly, the companies' buyback of their own shares (which are then cancelled) increases the value of the shares for the shareholders, as fewer shares will share the profits and the total value of the bank.
Bank, profit after tax for the full year 2024 (2023), dividend for the year (respectively last year).
Nordea*, profit 57.7 billion kronor (56.2). Dividend: 37.6 billion kronor (36.5).
SEB, profit 35.9 billion kronor (38.1). Dividend: 23.2 billion kronor (23.2).
Swedbank, profit 34.9 billion kronor (34.1). Dividend: 24.4 billion kronor (17.0).
Handelsbanken, profit 27.5 billion kronor (29.0). Dividend: 29.7 billion kronor (25.7).
*Nordea's figures are converted to the euro exchange rate of 11.40 kronor.
Source: The banks' annual reports
