Oma Säästöpankki (OMASP) Q2 2025 earnings summary

Executive summary

• Net interest income declined 16.1% in Q2 and 17.2% for January–June year-over-year, mainly due to lower market interest rates and a shrinking loan portfolio.

• Operating expenses rose 31.7% in Q2, driven by increased personnel, branch expansion, and risk management investments.

• Profit before taxes in Q2 was €18.6m (up from €4.5m), but for January–June fell to €21.7m from €29.2m year-over-year.

• The cost/income ratio worsened to 52.7% in Q2 and 55.1% for the half-year, reflecting higher costs.

• The bank’s financial position remains strong, with a total capital ratio of 18.7% and equity of €591m.

Financial highlights

• Q2 net interest income: €44.0m (down 16.1% year-over-year); H1 net interest income: €90.9m (down 17.2%).

• Q2 total operating income: €59.3m (down 12.1%); H1: €119.4m (down 15.7%).

• Q2 operating expenses: €30.9m (up 31.7%); H1: €65.1m (up 31.8%).

• Q2 impairment losses on financial assets: €-9.1m (improved from €-39.4m); H1: €-31.4m (improved from €-62.5m).

• Q2 profit before taxes: €18.6m (up from €4.5m); H1: €21.7m (down from €29.2m).

• Q2 EPS: €0.44 (up from €0.10); H1 EPS: €0.52 (down from €0.70).

Outlook and guidance

• Earnings guidance for 2025 was lowered; comparable profit before taxes now estimated at €50–65m (was €86.7m in 2024).

• High cost levels expected to persist due to risk management investments, increased headcount, and regulatory compliance.

• Fee and commission income growth expected to slow in the current economic environment.