Introduction

Reports
2025 financial year

Record result in anniversary year

Luzerner Kantonalbank (LUKB) further increased its profitability in the 2025 financial year, enabling it to close its anniversary year with the highest consolidated profit in its history.

Consolidated profit increased to CHF 295.5 million (up 3.1 %)

Consistently low cost-income-ratio of 46.1 % (2024: 46.1 %)

Significantly increased core capital ratio of 14.7 % (2024: 13.9 %)

Foreword

Dear Readers

‘With our 2025 Annual Report, we are not only able to present you with the best consolidated profit in the history of LUKB, but also introduce our new strategy for the period from 2026 to 2030. Building on our strengths, we can thereby unlock the great potential of LUKB’s successful business model.’

Markus Hongler, Chair of the Board of Directors (right)
Daniel Salzmann, CEO

Letter from the Board of Directors and the Executive Board
Key figures

Key figures

as at 31 December 2025

Key figures for LUKB

Consolidated profit1
CHF
295.5
million
Cost-income-ratio
46.1
%
Net growth in advisory and asset management mandates2
CHF
1,093
million
Net growth in
lending business
6.9
%
Non-interest income
CHF
233
million
CET1 ratio
14.7
%
Return on equity3
7.3
%
1 adjusted for the creation/reversal of reserves for general banking risks
2 excl. performance
3 after taxes

Key figures for LUKB

Consolidated earnings/share (EPS)
CHF
5.97
Price-to-book ratio
1.09
Payout ratio (distribution/net profit after taxes)
45.2
%
(Based on proposed distribution)
Key figures for the Group
Milestones

Milestones in 2025

Swiss Arbeitgeber Award (Swiss Employer Award)

Silver medal in the category ‘Large companies with more than 1,000 employees’

27 March 2025
Swiss Derivative Awards 2025

1st place in the categories Top Service, Best Market Maker for Investment Products and Best ESG Product.

14 April 2025
LUKB 2025 Annual General Meeting

Around 3,700 shareholders attended the Annual General Meeting and approved all motions by the Board of Directors.

3 May 2025
LUKB at the 47th Lucerne City Run

1st place at the Lucerne City Run in the ‘Group City Runners’ category.

23 May 2025
Anniversary event: music day in Root

Over 7,000 music enthusiasts enjoy free admission to top-class music from Lucerne.

June 2025
Moneyland survey

LUKB comes out on top of the Moneyland survey on satisfaction with Swiss banks

4 July 2025
LUKB ‘Zukunftspreis’

‘SendMeBag,’ ‘Fitness Integration Perspektive’ and ‘Lentl’ are the winners

July 2025

19 successfully completed apprenticeships and internships

5-6 July 2025
Anniversary event: gourmet days in Nottwil

Around 5,000 guests enjoyed culinary diversity, local produce and inspiring workshops

18 July 2025
Sponsorship: FCL contract extension

Sponsorship extended for a further three years up to the end of the 2027/2028 season.

July and August 2025
Anniversary event: nature weeks

New Foxtrails for Willisau and Sörenberg

15-16 August 2025
Anniversary event: culture days in Hochdorf

Around 10,000 festival-goers enjoyed art, music and culinary delights.

6-7 September 2025
Anniversary event: sports days in the Canton of Lucerne

Canton of Lucerne Canton-wide sports days to try out different sports together with MS Sports

1 October 2025
Sponsorship: extension of contract with the Lucerne Symphony Orchestra

The collaboration between LUKB and the Lucerne Symphony Orchestra will continue for a further three years up to 2028.

13 November
National Future Day

LUKB welcomed a large number of inquisitive pupils on National Future Day.

November 2025

‘LUKB25’ strategy successfully implemented.

Strategy

‘LUKB25’ strategy

LUKB achieved all financial targets for the 2021 to 2025 strategy period. The focus will be on growth in the non-interest business in the years ahead. Including outside the home market.

Strategy

All financial strategic targets achieved

Sustainability

Sustainability

Sustainability has always been a key component of LUKB’s corporate identity. From its founding 175 years ago, serving the common good has been at the heart of the bank’s mission. This sense of responsibility still shapes its business model and decisions to this day. Going forward, LUKB continues to see itself as a reliable partner for the people of Lucerne and an important driver of the regional economy.

Sustainability Report

LUKB sustainability/ESG ratings

Ratings as at 31 December 2025

MSCI
ESG risk

AA

Inrate
ESG impact

B

Inrate
Corporate governance (zRating)

74/100

ISS
ESG impacts, risks & opportunities

Prime C

Sustainalytics (Morningstar)
ESG risk

Medium