Oma Säästöpankki (OMASP) Q1 2026 earnings summary

Executive summary

• Pre-tax profit for Q1 2026 was €13.9 million, up from €3.1 million year-over-year; comparable pre-tax profit was €13.7 million, up from €4.6 million.

• Cost reductions and increased fee income offset a 23.7% drop in net interest income due to lower market rates and a shrinking loan book.

• Loan origination rose 63.6% year-over-year, while the total loan portfolio declined 1.1% from the previous year.

• Deposit base remained stable, down just 0.4% over 12 months.

Financial highlights

• Net interest income fell to €35.8 million (down 23.7% year-over-year).

• Net fee and commission income increased 7.4% to €13.4 million.

• Total operating income was €50.6 million, down 15.7% year-over-year.

• Operating expenses decreased 15.4% to €29.0 million; comparable expenses down 11.1%.

• Loan loss provisions dropped 66.8% to €7.4 million.

• EPS was €0.33, up from €0.07 year-over-year.

Outlook and guidance

• Net interest income expected to decline for full year 2026 due to lower market rates and loan book changes.

• Comparable pre-tax profit for 2026 is forecast to decrease slightly from 2025 (€56.9 million in 2025).

• Cost base expected to remain stable; loan loss provisions anticipated to be lower than previous year.