Announcement • Jul 14
Avarda Launches Scheduled Swish Payments for Buy Now Pay Later Invoices Avarda announced the launch of scheduled Swish payments for Buy Now, Pay Later (BNPL) invoices. The new functionality is now available to all merchants using Avarda's payment platform in Sweden, making Avarda one of the first payment providers to offer scheduled Swish payments for BNPL invoices. This new feature allows consumers to schedule their Swish payment for the invoice as soon as they complete their purchase. Instead of keeping track of due dates or logging in later to make a manual payment, customers can choose the amount and when they want the payment to be settled and have it processed automatically on the selected date. By extending its use to scheduled BNPL payments, Avarda makes it easier for customers to manage upcoming payments while giving them greater control over their personal finances. For merchants, the new functionality contributes to a better post-purchase customer experience while supporting on-time payments. As with all Avarda solutions, the entire payment journey remains within the merchant's own brand environment, creating a consistent customer experience from checkout through to payment. Scheduled Swish payments for BNPL invoices are available now to all merchants using Avarda's payment platform in Sweden. Reported Earnings • Jul 12
Second quarter 2026 earnings released: EPS: kr2.97 (vs kr2.24 in 2Q 2025) Second quarter 2026 results: EPS: kr2.97 (up from kr2.24 in 2Q 2025). Revenue: kr566.3m (up 25% from 2Q 2025). Net income: kr198.3m (up 37% from 2Q 2025). Profit margin: 35% (up from 32% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 10
Avarda Bank AB (publ) to Report Fiscal Year 2026 Results on Jan 20, 2027 Avarda Bank AB (publ) announced that they will report fiscal year 2026 results on Jan 20, 2027 Announcement • Mar 18
Tf Bank AB (Publ) Announces Fredrik Oweson Has Declined Re-Election as Board TF Bank AB (publ) announced Fredrik Oweson has declined re-election as board. Announcement • Dec 13
Tf Bank AB Announces Appointment of Vilma Sool as Chief Commercial Officer and Executive Director, Effective January 1, 2026 TF Bank AB announced that Vilma Sool is appointed Chief Commercial Officer (CCO) and Executive Director effective from January 1, 2026. Announcement • Dec 02
TF Bank AB (publ), Annual General Meeting, May 05, 2026 TF Bank AB (publ), Annual General Meeting, May 05, 2026. Announcement • Nov 05
TF Bank AB (publ) Announces Board and Executive Changes TF Bank AB (publ) announced that Vilma Sool has been appointed Acting Chief Commercial Officer (CCO). Vilma will combine the role with her current responsibilities. Operations continue as usual, and the Company's commercial priorities remain unchanged. The Company also announces that Rasmus Rolén. Chief Commercial Officer (CCO) and Executive Director, has decided to leave TF Bank for new challenges outside the Group. Announcement • Sep 17
TF Bank AB (publ) to Report Fiscal Year 2025 Results on Jan 20, 2026 TF Bank AB (publ) announced that they will report fiscal year 2025 results on Jan 20, 2026 Announcement • Jun 18
Tf Bank AB (Publ) Approves Extraordinary One-Off Dividend, Payable on 25 June, 2025 TF Bank AB (publ) in its Annual General Meeting held on 17 June 2025 resolved on an extraordinary one-off dividend of SEK 5.00 per share, based on the number of shares prior to the share split resolved at the meeting. The record date was set to 19 June 2025. With this record date, the dividend is expected to be paid on 25 June 2025. Of the funds at the disposal of the Annual General Meeting, SEK 2,573,300.210, SEK 107,750.000 will be distributed to shareholders through the extraordinary one-time dividend and the remainder, SEK 2,465,550.210, will be carried forward. Announcement • Apr 14
Tf Bank AB (Publ) Proposes Extraordinary One-Off Dividend The Board of Directors of TF Bank AB (publ) proposed to the Annual General Meeting an extraordinary one-off dividend of SEK 5.00 per share for 2024 linked to the divestment of a majority stake in the former subsidiary Rediem Capital AB. The total dividend to the shareholders according to the proposal will be SEK 107.8 million. Announcement • Feb 18
TF Bank AB (publ) Announces Leadership Changes Effective from 1 March 2025 TF Bank AB (publ) announced leadership changes effective from 1 March 2025. Claudia Wiese, currently Head of Card Product and Operations, will become Chief Operating Officer (COO), succeeding Espen Johannesen, who will take on the role as CEO for TF Bank's subsidiary TF Nordic AB and thereby leaves the position as Executive Director of the parent company. At the same time, Rasmus Rolén, is appointed Chief Commercial Officer (CCO) and Executive Director, responsible for the Ecommerce Solutions and Credit Cards segments. Announcement • Jan 21
TF Bank AB (publ) Proposes Extraordinary One-Off Dividend for the Year 2024 TF Bank AB (publ)'s Board of Directors proposes to the Annual General Meeting an extraordinary one-off dividend of SEK 5.00 per share for 2024. Announcement • Jan 07
TF Bank AB (publ) to Report Fiscal Year 2024 Results on Jan 20, 2025 TF Bank AB (publ) announced that they will report fiscal year 2024 results at 7:00 AM, Central European Standard Time on Jan 20, 2025 Announcement • Dec 06
TF Bank AB (publ), Annual General Meeting, Jun 17, 2025 TF Bank AB (publ), Annual General Meeting, Jun 17, 2025. Recent Insider Transactions • Oct 18
Chief Operating Officer recently sold €406k worth of stock On the 15th of October, Espen Johannesen sold around 15k shares on-market at roughly €27.06 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Espen has been a net seller over the last 12 months, reducing personal holdings by €480k. Reported Earnings • Oct 17
Third quarter 2024 earnings released: EPS: kr6.53 (vs kr4.59 in 3Q 2023) Third quarter 2024 results: EPS: kr6.53 (up from kr4.59 in 3Q 2023). Revenue: kr420.6m (up 18% from 3Q 2023). Net income: kr140.5m (up 43% from 3Q 2023). Profit margin: 33% (up from 28% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Announcement • Oct 15
TF Bank AB (publ) to Report Q1, 2025 Results on Apr 14, 2025 TF Bank AB (publ) announced that they will report Q1, 2025 results on Apr 14, 2025 Reported Earnings • Jul 16
Second quarter 2024 earnings released: EPS: kr5.43 (vs kr4.22 in 2Q 2023) Second quarter 2024 results: EPS: kr5.43 (up from kr4.22 in 2Q 2023). Revenue: kr393.0m (up 22% from 2Q 2023). Net income: kr116.8m (up 29% from 2Q 2023). Profit margin: 30% (up from 28% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Announcement • Jul 12
TF Bank AB (publ) to Report Fiscal Year 2024 Results on Jan 20, 2025 TF Bank AB (publ) announced that they will report fiscal year 2024 results on Jan 20, 2025 Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: kr17.53 (vs kr15.26 in FY 2022) Full year 2023 results: EPS: kr17.53 (up from kr15.26 in FY 2022). Revenue: kr1.34b (up 28% from FY 2022). Net income: kr376.9m (up 15% from FY 2022). Profit margin: 28% (down from 31% in FY 2022). The decrease in margin was driven by higher expenses. Cost-to-income ratio: 41.6% (down from 43.1% in FY 2022). Non-performing loans: 8.48% (up from 5.00% in FY 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Reported Earnings • Jan 21
Full year 2023 earnings released: EPS: kr17.53 (vs kr15.18 in FY 2022) Full year 2023 results: EPS: kr17.53 (up from kr15.18 in FY 2022). Revenue: kr1.34b (up 28% from FY 2022). Net income: kr376.9m (up 15% from FY 2022). Profit margin: 28% (down from 31% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Banks industry in Europe. Announcement • Oct 31
TF Bank AB (publ) Appoints Nomination Committee Ahead of 2024 Annual General Meeting TF Bank AB (publ) announced the composition of the Nomination Committee ahead of the 2024 Annual General Meeting, which will be held on 2 May 2024. The Nomination Committee will prepare proposals to be submitted to the 2024 AGM regarding Chairman for the General Meeting, Board of Directors, Chairman of the Board and auditors as well as board and auditor fees and fees for committee work. According to the guidelines for appointment of the Nomination Committee resolved by the Annual General Meeting in 2021, the largest shareholders in terms of voting power who wish to participate in the Nomination Committee will have the right to appoint one member each. The member representing the largest shareholder should be appointed Chairman of the Nomination Committee. The members of the Nomination Committee have been appointed on the basis of the ownership structure as at 31 August 2023. The Nomination Committee comprises the following members: Paul Källenius, representing TFB Holding AB, Erik Selin, representing Erik Selin Fastigheter AB, Jonas Weil, representing Proventus Aktiebolag, John Brehmer, Chairman of the Board of TF Bank AB. Paul Källenius has been appointed Chairman of the Nomination Committee. Tiberon AB, the second largest owner of TF Bank, declined to be represented in the Nomination Committee. However, Tiberon AB's board member John Brehmer is a member of the Nomination Committee in his capacity as Chairman of TF Bank. Reported Earnings • Oct 18
Third quarter 2023 earnings released: EPS: kr4.59 (vs kr3.86 in 3Q 2022) Third quarter 2023 results: EPS: kr4.59 (up from kr3.86 in 3Q 2022). Revenue: kr356.8m (up 34% from 3Q 2022). Net income: kr98.6m (up 19% from 3Q 2022). Profit margin: 28% (down from 31% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Europe. Announcement • Oct 18
TF Bank AB (publ), Annual General Meeting, May 02, 2024 TF Bank AB (publ), Annual General Meeting, May 02, 2024. Announcement • Jul 14
TF Bank AB (publ) to Report Fiscal Year 2023 Results on Jan 19, 2024 TF Bank AB (publ) announced that they will report fiscal year 2023 results on Jan 19, 2024 Reported Earnings • Jul 14
Second quarter 2023 earnings released: EPS: kr4.26 (vs kr3.75 in 2Q 2022) Second quarter 2023 results: EPS: kr4.26 (up from kr3.75 in 2Q 2022). Revenue: kr321.7m (up 25% from 2Q 2022). Net income: kr91.5m (up 14% from 2Q 2022). Profit margin: 28% (down from 31% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Banks industry in Europe. Reported Earnings • Mar 21
Full year 2022 earnings released: EPS: kr15.18 (vs kr12.55 in FY 2021) Full year 2022 results: EPS: kr15.18 (up from kr12.55 in FY 2021). Revenue: kr1.05b (up 32% from FY 2021). Net income: kr326.4m (up 21% from FY 2021). Profit margin: 31% (down from 34% in FY 2021). The decrease in margin was driven by higher expenses. Cost-to-income ratio: 43.3% (up from 41.9% in FY 2021). Non-performing loans: 5.00% (down from 5.49% in FY 2021). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Banks industry in Europe. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €11.42, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 30% over the past year. Reported Earnings • Jan 23
Full year 2022 earnings released: EPS: kr15.18 (vs kr12.55 in FY 2021) Full year 2022 results: EPS: kr15.18 (up from kr12.55 in FY 2021). Revenue: kr1.05b (up 32% from FY 2021). Net income: kr340.8m (up 26% from FY 2021). Profit margin: 33% (down from 34% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Announcement • Jan 20
TF Bank AB Receives Approval to Change Method for Calculating the Capital Requirement for Operational Risk From The Swedish Financial Supervisory Authority The Swedish Financial Supervisory Authority has given TF Bank permission to use the Alternative Standardised Approach to calculate the capital requirement for operational risk. The change results in the capital requirement for operational risk being significantly closer to the business' own perception of its operational risks. The approval has strengthened TF Bank's capital situation. TF Bank is changing its method for calculating operational risk from the Standardised Approach to the Alternative Standardised Approach. Applied to TF Bank per 30 September 2022, the total capital ratio would have increased from 15.0 % to 16.2 %, compared with the regulatory requirement of 11.8 %. The Tier 1 capital ratio would have increased from 13.4 % to 14.4 %, compared with the regulatory requirement of 9.6 %. The Common Equity Tier 1 capital ratio would have increased from 11.7 % to 12.7 %, compared with the regulatory requirement of 8.0 %. Announcement • Jan 12
TF Bank AB (publ) Announces CEO Changes TF Bank AB (publ) announced that after more than fifteen years as CEO and following the completion of a number of key strategic milestones, Mattias Carlsson has discussed his role with the board of directors for a period of time, and they have thereafter agreed that he should leave his position as CEO during 2023. The board of directors has appointed Joakim Jansson as the new CEO of the company starting in August 2023 at the latest. Joakim Jansson joins from Swedbank AB, where he has been head of Group Payments, Lending & Cards. Mattias Carlsson will remain with the company as Senior Business Advisor. Joakim Jansson holds a BSc and a PhD in Economics from Uppsala University. He has more than fifteen years of experience from various positions both with Swedbank, where he inter alia has been head of Group Payments, Lending & Cards, and with Handelsbanken, where he inter alia has been CIO and head of the international banking business, the insurance business and business support within Investment Banking, Asset Management and Corporate Banking. Joakim Jansson also has experience from the Swedish Premium Pension Authority and from the Swedish Department of Finance. Announcement • Oct 29
TF Bank AB (publ), Annual General Meeting, May 03, 2023 TF Bank AB (publ), Annual General Meeting, May 03, 2023. Announcement • Oct 28
TF Bank Appoints Nomination Committee Ahead of 2023 Annual General Meeting TF Bank announced the composition of the Nomination Committee ahead of the 2023 Annual General Meeting, which will be held on 3 May 2023. The Nomination Committee will prepare proposals to be submitted to the 2023 AGM regarding Chairman for the General Meeting, Board of Directors, Chairman of the Board and auditors as well as board and auditor fees and fees for committee work. According to the guidelines for appointment of the Nomination Committee resolved by the Annual General Meeting in 2021, the largest shareholders in terms of voting power who wish to participate in the Nomination Committee will have the right to appoint one member each. The member representing the largest shareholder should be appointed Chairman of the Nomination Committee. The members of the Nomination Committee have been appointed on the basis of the ownership structure as at 31 August 2022. The Nomination Committee comprises the following members: Paul Källenius, representing TFB Holding AB, Erik Selin, representing Erik Selin Fastigheter AB, Jonas Weil, representing Proventus Aktiebolag, John Brehmer, Chairman of the Board of TF Bank AB. Paul Källenius has been appointed Chairman of the Nomination Committee. Reported Earnings • Oct 18
Third quarter 2022 earnings released: EPS: kr3.86 (vs kr3.28 in 3Q 2021) Third quarter 2022 results: EPS: kr3.86 (up from kr3.28 in 3Q 2021). Revenue: kr266.6m (up 32% from 3Q 2021). Net income: kr83.1m (up 18% from 3Q 2021). Profit margin: 31% (down from 35% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Banks industry in Europe. Announcement • Jul 15
TF Bank AB (publ) to Report Fiscal Year 2022 Results on Jan 20, 2023 TF Bank AB (publ) announced that they will report fiscal year 2022 results on Jan 20, 2023 Reported Earnings • Jul 13
Second quarter 2022 earnings released: EPS: kr3.75 (vs kr2.91 in 2Q 2021) Second quarter 2022 results: EPS: kr3.75 (up from kr2.91 in 2Q 2021). Revenue: kr256.6m (up 35% from 2Q 2021). Net income: kr80.5m (up 29% from 2Q 2021). Profit margin: 31% (down from 33% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 70%, compared to a 14% growth forecast for the industry in Germany. Reported Earnings • Apr 21
First quarter 2022 earnings released: EPS: kr3.61 (vs kr2.85 in 1Q 2021) First quarter 2022 results: EPS: kr3.61 (up from kr2.85 in 1Q 2021). Revenue: kr240.9m (up 37% from 1Q 2021). Net income: kr77.7m (up 27% from 1Q 2021). Profit margin: 32% (down from 35% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 71%, compared to a 8.3% growth forecast for the industry in Germany. Announcement • Mar 29
TF Bank AB (publ) Proposes Dividend, Payable on 10 May, 2022 TF Bank AB (publ) proposed dividend is SEK 1.00 per share. 5 May, 2022 is proposed as record date for receipt of dividend. With this record date it is expected that the dividend will be paid on 10 May, 2022, at the Annual General Meeting on May 3, 2022. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 16% share price gain to €16.36, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Banks industry in Europe. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €15.48, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Banks industry in Europe. Recent Insider Transactions • Jan 29
Independent Director recently bought €51k worth of stock On the 25th of January, Sara Mindus bought around 3k shares on-market at roughly €20.52 per share. In the last 3 months, there was an even bigger purchase from another insider worth €225k. Insiders have collectively bought €566k more in shares than they have sold in the last 12 months. Reported Earnings • Jan 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr12.55 (up from kr9.13 in FY 2020). Revenue: kr794.7m (up 32% from FY 2020). Net income: kr269.9m (up 38% from FY 2020). Profit margin: 34% (up from 33% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 73%, compared to a 11% growth forecast for the banks industry in Germany. Recent Insider Transactions • Dec 01
Chief Operating Officer recently bought €79k worth of stock On the 26th of November, Espen Johannesen bought around 4k shares on-market at roughly €20.97 per share. This was the largest purchase by an insider in the last 3 months. Espen has been a buyer over the last 12 months, purchasing a net total of €135k worth in shares. 
