Northmill Group posted robust Q3 2026 results, highlighted by a 62% EBT increase and a 67% expansion in its total gross portfolio, as the bank scales its B2B and B2C operations with improved operational efficiency.
Northmill Group AB reported strong Q3 2026 results, with EBT rising 62% to 98 MSEK and total gross portfolio growing 67% to 8.5 BSEK. The performance was driven by a 3.5x expansion in the B2B segment and improved operational efficiency, evidenced by a reduction in the C/I ratio to 38% and a lower net credit-loss ratio of 4.5%.
The B2B portfolio grew by 3.5x to almost 2.8 BSEK compared to Q3 2025.
Northmill issued a 150 million SEK Tier 2 bond at significantly improved pricing compared to their November 2025 issuance.
The cost-to-income (C/I) ratio improved to 38% in Q3 2026, down from 44% in Q3 2025.
Northmill Group AB reported a strong third quarter for 2026, with Earnings Before Tax rising 62% to 98 million SEK. The digital challenger bank saw its total gross portfolio surge 67% to 8.5 billion SEK, driven by a 3.5x increase in B2B lending and steady growth in consumer consolidation loans.
Growth was primarily driven by a 246% increase in business lending and a 34% expansion in the B2C segment, specifically within consolidation loan products.