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    Banks - Regional
Avarda Bank AB (publ)

Avarda Bank AB (publ)

TFBANK.ST
Avarda Bank AB (publ)SE flagStockholm Stock Exchange
177.80
SEK
-3.00
- -
11.49BMarket Cap
Avarda Bank AB (publ)
TFBANK.ST
(Stockholm Stock Exchange)

Recent

price

177.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.53
5.39
6.02
6.84
7.93
9.73
11.8
13.41
16.13
21.55
30.71
37.33
44.39
40.86
Revenue per Share
1.34
1.54
1.45
1.82
2.35
2.97
3.44
3.14
4.3
5.31
6.15
9.78
10.32
10.66
Basic EPS, GAAP
5.3
1.96
3.99
-7.64
13.61
3.03
4.81
5.06
2.92
15.69
32.71
-25.27
11.79
-5.01
Free Cash Flow per Basic Share
0.02
0.01
0.28
0.15
0.73
0.75
0.77
- -
0.33
0.33
- -
- -
1.67
- -
Dividend per Share
3.7
4.19
5.36
7.04
8.37
9.65
12.24
14.28
17.96
23.81
29.6
38.99
47.31
41.75
Book Value per Share
3.63
4.15
5.07
6.8
7.74
10.48
12.81
15.67
20.92
25.41
31.86
41.08
49.28
43.88
Tangible Book Value per Share
64
64
64
64
65
65
64
64
64
64
64
65
65
65
Basic Weighted Avg Shares
292
347
388
441
512
628
761
865
1,041
1,390
1,981
2,413
2,869
2,641
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
3
3
5
5
7
10
18
21
29
37
60
68
70
69
Depreciation Expense
86
100
93
118
151
192
222
203
277
342
397
632
667
689
Net Income, GAAP
21.48
21.82
24.43
21.85
23.38
23.31
23.3
22.81
21.37
21.41
22.15
19.75
21.85
20.16
Effective Tax Rate (%)
29.52
28.66
24.03
26.66
29.61
30.56
29.17
23.43
26.64
24.63
20.03
26.2
23.25
26.09
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
98
97
98
111
238
280
252
297
506
512
579
346
LT Debt
239
272
351
469
541
727
895
1,084
1,431
1,739
2,161
2,773
3,288
2,949
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
39.09
30.27
29.41
30.48
32.99
31.44
23.71
26.66
25.43
23.03
28.55
23.92
28.52
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
64
65
65
Market Capitalization
7,857
7,321
7,563

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
19
18
18
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
25.22%
24.95%
18.59%
Free Cash Flow
-40.36%
35.94%
-146.66%
Net Income, GAAP
22.96%
28.2%
5.49%
Sales/Revenue/Turnover
22.44%
27.42%
18.91%
Total Cash Common Dividend
- -
- -
401.16%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
561
595
625
657
2,413
2025
668
690
798
- -
2,869
2026
827
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.8
1.93
2.28
3.78
9.78
2025
2.25
2.34
2.93
- -
10.32
2026
3.26
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
1.67
2026
- -
- -
- -
- -
- -
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Business
TF Bank AB (publ) (TFBANK.ST) operates as a digital bank providing consumer banking services and e-commerce solutions through a proprietary, scalable IT platform. The company offers deposit products including savings accounts; unsecured consumer loans such as personal loans and sales finance; digital payment solutions for e-commerce including invoice and installment payment options; and credit cards under multiple brands targeting creditworthy private individuals. It conducts lending and deposit activities across three segments—Consumer Lending, Ecommerce Solutions, and Credit Cards—in markets including Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany, Austria, Ireland, the Netherlands, Italy, and Spain through subsidiaries, branches, or cross-border operations supported by its Swedish banking license. Founded in 1987 and headquartered in Borås, Sweden, TF Bank recently adopted new financial targets in April 2025 aiming for a SEK 35 billion loan portfolio by the second half of 2027 while maintaining return on equity exceeding 20%; reported 20% year-over-year loan book growth in local currencies as of late 2025 driven by credit cards in Germany and e-commerce solutions; mandated arranger meetings in November 2025 for a potential SEK 150 million Tier 2 bond issuance to refinance existing debt and support corporate purposes; expedited the transfer of its majority stake in subsidiary Rediem Capital AB; and distributed an extraordinary dividend of SEK 5 per share following strong Q3 2025 results with 24% operating profit growth over Q2 2024.