Glarner Kantonalbank

GLKBN

Equity

ISIN CH0189396655 / Valor 18939665

SIX Swiss Exchange (2026-09-04)

CHF 25.60%

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: Finance

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 Source

Key figures

20.2%1Y

7.11%3Y

-9.54%5Y

Performance

16.5%1Y

13.2%3Y

17.1%5Y

Volatility