Ålandsbanken (ALBAV) investor relations material

Executive summary

• Net operating profit for Q1 2026 was EUR 17.2M, down 6% year-over-year, with ROE at 17.7%, still above the long-term target of 15%.

• Core income rose 1% to EUR 54.1M, driven by higher commission income offsetting lower net interest income.

• Total expenses increased 4% to EUR 39.4M, mainly due to higher staff costs.

• Credit quality remained strong, with a loan loss level of 0.04%.

• The bank maintained a stable performance despite increased geopolitical and market uncertainty.

Financial highlights

• Net interest income fell 2% year-over-year to EUR 23.3M, while net commission income rose 5% to EUR 22.5M.

• IT income decreased 3% to EUR 8.3M; other income increased 25% to EUR 2.7M.

• Profit for the period attributable to shareholders was EUR 14.1M, down 4% year-over-year.

• Earnings per share decreased 4% to EUR 0.91.

• Actively managed assets fell 3% to EUR 11,799M, while lending to the public grew 1% to EUR 3,791M.

Outlook and guidance

• The bank expects ROE after taxes to continue exceeding its 15% long-term target throughout 2026.

• The outlook remains unchanged, but management notes uncertainty due to volatile markets and geopolitical risks.