TF Bank AB
TF Bank AB (publ), a digital credit and payment platform, provides consumer banking services and e-commerce solutions in Sweden. The company operates through three segments: Consumer Lending, Ecommerce Solutions, and Credit Cards. It offers deposit products; unsecured consumer loans; and digital payment solutions, as well as credit cards. The company serves private individuals in Sweden, Finland,… Read more
TF Bank AB (TFBANK) - Net Assets
Latest net assets as of December 2025: Skr3.04 Billion SEK
Based on the latest financial reports, TF Bank AB (TFBANK) has net assets worth Skr3.04 Billion SEK as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr29.12 Billion) and total liabilities (Skr26.08 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr3.04 Billion |
| % of Total Assets | 10.43% |
| Annual Growth Rate | 19.51% |
| 5-Year Change | 112.34% |
| 10-Year Change | 547.36% |
| Growth Volatility | 11.37 |
TF Bank AB - Net Assets Trend (2009–2025)
This chart illustrates how TF Bank AB's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TF Bank AB (2009–2025)
The table below shows the annual net assets of TF Bank AB from 2009 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr3.04 Billion | +9.57% |
| 2024-12-31 | Skr2.77 Billion | +28.31% |
| 2023-12-31 | Skr2.16 Billion | +24.29% |
| 2022-12-31 | Skr1.74 Billion | +21.52% |
| 2021-12-31 | Skr1.43 Billion | +32.02% |
| 2020-12-31 | Skr1.08 Billion | +21.08% |
| 2019-12-31 | Skr895.07 Million | +23.18% |
| 2018-12-31 | Skr726.65 Million | +34.36% |
| 2017-12-31 | Skr540.81 Million | +15.24% |
| 2016-12-31 | Skr469.29 Million | +33.61% |
| 2015-12-31 | Skr351.23 Million | +29.03% |
| 2014-12-31 | Skr272.22 Million | +13.94% |
| 2013-12-31 | Skr238.91 Million | +19.75% |
| 2012-12-31 | Skr199.52 Million | -2.29% |
| 2011-12-31 | Skr204.20 Million | +23.71% |
| 2010-12-31 | Skr165.06 Million | -5.88% |
| 2009-12-31 | Skr175.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TF Bank AB's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1631.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr2.95 Billion | 97.10% |
| Common Stock | Skr107.75 Million | 3.55% |
| Other Comprehensive Income | Skr-19.77 Million | -0.65% |
| Total Equity | Skr3.04 Billion | 100.00% |
TF Bank AB Competitors by Market Cap
The table below lists competitors of TF Bank AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Songyang Recycle Resources Co Ltd
SHG:603863
|
$377.50 Million |
|
KCE EL. PCL -NVDR- BA 05
F:NVPA
|
$377.61 Million |
|
Longkou Union Chemical Co. Ltd. A
SHE:301209
|
$377.67 Million |
|
SEALSQ Corp
NASDAQ:LAES
|
$377.72 Million |
|
Taier Heavy Industry Co Ltd
SHE:002347
|
$377.31 Million |
|
International General Insurance Holdings Ltd
NASDAQ:IGIC
|
$377.27 Million |
|
Sanjiang Shopping Club Co Ltd
SHG:601116
|
$377.13 Million |
|
Tiptree Inc
NASDAQ:TIPT
|
$377.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TF Bank AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,772,680,000 to 3,037,997,000, a change of 265,317,000 (9.6%).
- Net income of 667,046,000 contributed positively to equity growth.
- Dividend payments of 107,750,000 reduced retained earnings.
- Share repurchases of 250,000 reduced equity.
- New share issuances of 250,000 increased equity.
- Other comprehensive income decreased equity by 271,964,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr667.05 Million | +21.96% |
| Dividends Paid | Skr107.75 Million | -3.55% |
| Share Repurchases | Skr250.00K | -0.01% |
| Share Issuances | Skr250.00K | +0.01% |
| Other Comprehensive Income | Skr-271.96 Million | -8.95% |
| Other Changes | Skr-22.01 Million | -0.72% |
| Total Change | Skr- | 9.57% |
Book Value vs Market Value Analysis
This analysis compares TF Bank AB's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.34x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 50.80x to 3.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | Skr3.09 | Skr157.14 | x |
| 2013-12-31 | Skr3.70 | Skr157.14 | x |
| 2014-12-31 | Skr4.22 | Skr157.14 | x |
| 2015-12-31 | Skr5.35 | Skr157.14 | x |
| 2016-12-31 | Skr21.27 | Skr157.14 | x |
| 2017-12-31 | Skr25.14 | Skr157.14 | x |
| 2018-12-31 | Skr11.27 | Skr157.14 | x |
| 2019-12-31 | Skr13.88 | Skr157.14 | x |
| 2020-12-31 | Skr16.80 | Skr157.14 | x |
| 2021-12-31 | Skr22.18 | Skr157.14 | x |
| 2022-12-31 | Skr26.96 | Skr157.14 | x |
| 2023-12-31 | Skr33.50 | Skr157.14 | x |
| 2024-12-31 | Skr42.99 | Skr157.14 | x |
| 2025-12-31 | Skr47.00 | Skr157.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TF Bank AB utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.96%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.96%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 9.58x
- Recent ROE (21.96%) is below the historical average (25.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 33.24% | 32.93% | 0.13x | 7.94x | Skr46.36 Million |
| 2013 | 36.13% | 29.52% | 0.16x | 7.74x | Skr62.43 Million |
| 2014 | 36.57% | 28.66% | 0.15x | 8.64x | Skr72.32 Million |
| 2015 | 27.03% | 24.03% | 0.14x | 8.05x | Skr58.74 Million |
| 2016 | 25.72% | 26.66% | 0.15x | 6.44x | Skr71.82 Million |
| 2017 | 28.01% | 29.61% | 0.11x | 8.31x | Skr97.38 Million |
| 2018 | 26.40% | 30.56% | 0.10x | 8.32x | Skr119.16 Million |
| 2019 | 24.79% | 25.60% | 0.10x | 9.46x | Skr132.42 Million |
| 2020 | 18.71% | 20.52% | 0.10x | 9.42x | Skr94.35 Million |
| 2021 | 19.38% | 23.88% | 0.09x | 9.36x | Skr134.14 Million |
| 2022 | 19.70% | 21.39% | 0.09x | 10.57x | Skr168.60 Million |
| 2023 | 18.36% | 15.92% | 0.10x | 11.08x | Skr180.61 Million |
| 2024 | 22.81% | 19.67% | 0.13x | 9.04x | Skr355.08 Million |
| 2025 | 21.96% | 17.96% | 0.13x | 9.58x | Skr363.25 Million |
Industry Comparison
This section compares TF Bank AB's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $68,077,666,667
- Average return on equity (ROE) among peers: 13.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TF Bank AB (TFBANK) | Skr3.04 Billion | 33.24% | 8.58x | $377.32 Million |
| Arion banki hf (ARION-SDB) | $200.86 Billion | 3.54% | 4.80x | $1.68 Billion |
| Avanza Bank Holding AB (publ) (AZA) | $794.00 Million | 24.31% | 70.33x | $3.52 Billion |
| Norion Bank (NORION) | $2.58 Billion | 11.63% | 4.84x | $154.57 Million |