Glarner Kantonalbank
GLKBN
ISIN CH0189396655 / Valor 18939665
Glarner Kantonalbank
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About company
Glarner Kantonalbank is the regional cantonal bank headquartered in Glarus that provides retail and commercial banking services principally to individuals, small and medium‑sized enterprises and public sector clients in the canton and surrounding area. Its business encompasses everyday banking (accounts and payments), savings and deposit products, mortgage lending and consumer credit, corporate and real‑estate finance, as well as wealth management and investment services including asset management, custody and pension solutions. The bank combines a local branch network with digital banking channels and advisory services aimed at private clients, businesses and municipalities, positioning itself as a full‑service regional lender and financial adviser with a focus on serving the local economy.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (27.07.2026):
Glarner Kantonalbank — Q2 2025 (H1 2025): The bank reported midpoint 2025 results (six months to June 30, 2025) showing modest revenues and low core earnings, continued pressure on cost-efficiency and margins, but very strong capital and solid asset quality. Key H1 2025 figures: operating revenues CHF 50m, core earnings CHF 9m, adjusted common equity CHF 420m, total assets CHF 9.11bn and gross customer loans CHF 6.85bn. S&P rates the bank AA/Stable/A-1+ (SACP a-) and expects RAC around 23.5%–24% over 2026–27.
Headline earnings (H1 2025)
Operating revenues were CHF 50m for the six months to June 2025, with core earnings of CHF 9m — reflecting a slowdown versus full-year 2024 levels (operating revenues CHF 101m in 2024).
Profitability & efficiency
Return on average common equity was 4.3% (H1 2025) and cost-to-income rose to about 73.3% (H1 2025), indicating weaker profitability and higher operating costs versus domestic peers.
Capital strength
Adjusted common equity stood at CHF 420m (H1 2025). S&P expects the bank’s risk‑adjusted capital (RAC) to remain very strong at roughly 23.5%–24.0% in 2026–27, and regulatory total capital was 18.5% at end‑2024.
Asset quality
Asset quality remains solid: gross nonperforming assets were negligible (about 0.2% estimated for 2025 full‑year, 0.0% shown for H1 2025), cost of risk very low (~6 bps forecast), and mortgages account for >85% of loans with ~50% average LTV.
Funding & liquidity
Funding mix shows higher wholesale reliance: core deposits ~53% of the funding base (H1 2025) and loan‑to‑deposit ~153%. Broad liquid assets to short‑term wholesale funding (BLAST) was ~1.0x (H1 2025), adequate but below many cantonal peers.
Business mix & trends
The franchise is mortgage‑heavy (retail/residential prime mortgages ~90% by regulatory classification) and growing outside the small home canton via online Hypomat channels; fee income now ~17.8% of operating revenues (H1 2025), helping diversify away from pure NII.
Rating & outlook
S&P Global Ratings assigns Glarner Kantonalbank an issuer rating of AA/Stable/A-1+ (SACP a-), citing an extremely high likelihood of extraordinary support from the Canton of Glarus; the outlook is stable.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
421 M
Market cap (USD)
4,804
Daily traded volume (Shares)
21 / 20.8
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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