Oma Säästöpankki (OMASP) investor relations material

Executive summary

• Profit before taxes rose to EUR 13.9 million in Q1 2026, up from EUR 3.1 million year-over-year; comparable profit before taxes was EUR 13.7 million, up from EUR 4.6 million, reflecting performance in line with expectations despite geopolitical tensions and modest economic growth.

• Net interest income declined by 24% year-over-year due to lower market rates and a shrinking loan portfolio, now representing 70% of total income versus 80% last year.

• Fee and commission income increased by 7.4% year-over-year to EUR 15.8 million, driven by card, payment, and fund management fees.

• Operating expenses decreased by 15.4% year-over-year, with a notable 30.3% drop in other operating expenses, though personnel expenses rose by 12.3%.

• Impairment losses on financial assets fell by 67% year-over-year to EUR 7.4 million, reflecting fewer new non-performing loans and a prior-year ECL model update.

Financial highlights

• Total operating income was EUR 50.6 million, down 16% year-over-year, with comparable operating income decreasing by nearly EUR 10 million.

• Cost/income ratio was 57.6% (57.4% prior year); comparable cost/income ratio was 57.5% (54.4%).

• Earnings per share increased to EUR 0.33 from EUR 0.07 year-over-year.

• Return on equity improved to 7.1% from 1.7% year-over-year; comparable ROE was 7.0% (2.5%).

• Total capital ratio strengthened to 19.4% (19.3% prior year); CET1 ratio at 18.5%, 7.2 percentage points above target.

Outlook and guidance

• Net interest income is expected to decrease in 2026 due to lower market rates and credit portfolio changes.

• Cost increases have stabilized; stable cost development is expected for 2026.

• Impairment losses on financial assets are projected to remain lower than the previous year.

• Comparable profit before taxes for 2026 is estimated to decline slightly from 2025 (EUR 56.9 million).

• The company aims for a steady and growing dividend, at least 30% of net income.