Investor AB (publ)

INVE-B.ST Q3 2026

Reported: 2026-10-20

Investor’s adjusted net asset value grew 4% in Q3, while the B share returned 1%—a broadly mixed quarter. Patricia Industries delivered the strongest performance, but Listed Companies returned 1%, one percentage point behind SIXRX, with ABB the largest drag.

Key takeaways

Adjusted net asset value reached SEK 1,258 billion, up 4% from Q2; all three business areas contributed to growth.
Patricia Industries returned 15%. Major subsidiaries recorded 7% organic sales growth and 26% adjusted EBITA growth, with results also helped by M&A, FX and tariff refunds.
Laborie grew 13% organically and Nova Biomedical 14%; Permobil had another quarter of muted growth.
Investments in EQT returned 7%, driven by EQT AB and fund investments; Investor invested SEK 0.7 billion in the funds, net of exit proceeds.
Listed Companies returned 1%, matching the B share’s total shareholder return but trailing SIXRX by one percentage point; industrials and consumer companies had a tougher quarter, and ABB was the biggest drag.

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Ladder Capital Corp

LADR Q3 2026

Reported: 2026-10-20

Ladder reported distributable earnings of $0.35 per share, including a $31 million gain from selling its Jacksonville office campus, while undepreciated book value per share edged up to $13.50. The stock was essentially flat after earnings (+0.1%); management noted that higher rates began slowing lending activity in September, tempering the growth outlook.

Key takeaways

Distributable earnings were $44.7 million, or $0.35 per share; excluding a previously reserved realized loan loss, earnings were $0.38 per share.
The Jacksonville sale contributed $31 million to distributable earnings and generated an 18% IRR. Undepreciated book value per share rose to $13.50 from $13.44.
Ladder made $703 million of new investments: $481 million of primarily AAA-rated securities and $222 million across seven new balance-sheet loans. Net of payoffs, sales and amortization, loan and securities portfolios grew by about $570 million.
Year-to-date loan originations reached $1.4 billion, matching all of 2025, and the loan portfolio grew more than 50% over the trailing 12 months. Management said higher rates began slowing lending activity in September.
Adjusted leverage was 2.5x. The securities portfolio totaled $2.3 billion, with a 5.5% weighted-average yield; 99% was investment grade and 97% AAA-rated.

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M&T Bank Corporation

MTB Q3 2026

Reported: 2026-10-20

M&T Bank shares fell 2.2% after earnings, a roughly flat reaction. Net interest margin declined 5 basis points to 3.65%, while earnings per share and net income also fell from the prior quarter; loan growth and stable net interest income provided offsets.

Key takeaways

Diluted GAAP EPS was $5.04, down from $5.32 in the linked quarter; net income declined to $775 million from $818 million.
Taxable-equivalent net interest income was $1.8 billion, largely unchanged. NIM fell 5 basis points to 3.65%, reflecting lower non-accrual interest and higher funding costs.
Average loans grew 2% to $143.3 billion, led by commercial real estate and consumer lending. C&I loans were largely unchanged at $65.9 billion.
Average deposits more than funded loan growth, allowing the bank to reduce reliance on short-term borrowings.
M&T transferred $8.3 billion of residential mortgage-backed securities from available-for-sale to held-to-maturity, citing protection of tangible capital and positioning for potential regulatory changes.

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The South Indian Bank Limited

SOUTHBANK.NS Q2 2027

Reported: 2026-10-20

South Indian Bank’s shares rose 5.4% after earnings, with investors responding to record quarterly profit and sharply higher net interest income. The quarter also included a notable caveat: management said part of the current-account deposit increase came from one-off IPO-related flows and may not be sustained.

Key takeaways

Net profit reached a quarterly record of INR 426 crore, up 21% year over year; net interest income rose 38% to INR 1,116 crore.
Deposits grew 19% to INR 137,279 crore and gross advances grew 19% to INR 109,517 crore. CASA increased 18% to INR 43,310 crore.
NIM was 3.33%, up 10 basis points sequentially and 53 basis points year over year. ROA was 1.08% and ROE was 12%.
Asset quality improved: gross NPA fell to 1.24% from 2.93% a year earlier, while net NPA declined to 0.09% from 0.56%. Quarterly credit cost was 0.14%.
Management said some current-account inflows were one-off IPO funds and cautioned they may slip; it also described provisioning as account-based and said it had made no additional floating, contingent, or standard provisions.

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The Travelers Companies, Inc.

TRV Q3 2026

Reported: 2026-10-20

Travelers delivered a profitable third quarter, with a 22.1% core return on equity and an 86.8% combined ratio, while net written premiums reached $11.5 billion. Shares rose 0.4% after earnings, a roughly flat reaction.

Key takeaways

Core income was $1.95 billion, or $9.18 per diluted share; pretax underwriting income was $1.4 billion.
The combined ratio improved to 86.8%; the underlying combined ratio was 84.1%.
After-tax net investment income increased 7% to $908 million.
Net written premiums grew 4% year over year in Business Insurance excluding the sold Canadian business, and 12% in Bond & Specialty Insurance.
Travelers returned $1.8 billion to shareholders during the quarter, including $1.5 billion in share repurchases.

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Ujjivan Small Finance Bank Limited

UJJIVANSFB.NS Q2 2027

Reported: 2026-10-20

The stock was down 2.0% after earnings, a roughly flat reaction. Loan and deposit growth were substantial, but rising funding costs could pressure margins: management said the cost of funds is expected to move upward as earlier rate increases take effect.

Key takeaways

Gross loan book reached INR 45,699 crore, up 32.1% year-on-year and 12.4% year to date; management said it remains on track to meet full-year guidance.
Deposits rose 29.2% year-on-year to INR 50,643 crore, with CASA at 26%. Cost of funds was around 6.9%, but management expects it to increase.
Secured businesses now make up 52.1% of the loan book. Micro banking grew about 6% in H1, with full-year growth guided at around 12%–14%; Bucket X collection efficiency was 99.7%.
Affordable housing and micro mortgages together exceeded INR 12,000 crore, up 38.1% year-on-year. Affordable housing GNPA was 1.2%, while micro-mortgage GNPA was 0.7%.
The bank proposed a INR 409 crore preferential equity raise, subject to shareholder approval. Management said it would add approximately 1.2 percentage points to CRAR on a pro forma basis and INR 0.8 per share to book value.

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Earnings Recaps

Investor AB (publ)

Ladder Capital Corp

M&T Bank Corporation

The South Indian Bank Limited

The Travelers Companies, Inc.

Ujjivan Small Finance Bank Limited

Community

Earnings Recaps

Investor AB (publ)

Ladder Capital Corp

M&T Bank Corporation

The South Indian Bank Limited

The Travelers Companies, Inc.

Ujjivan Small Finance Bank Limited

Community

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