Oma Säästöpankki (OMASP) Q3 2025 earnings summary

Executive summary

• Core business remains robust with strong private customer satisfaction and a declining cost curve.

• Q3 2025 profit before taxes was €15.5M, down from €22.8M YoY; comparable profit before taxes was €16.1M, down from €27.6M YoY.

• For Jan–Sep 2025, profit before taxes was €37.2M (vs. €52.0M YoY); comparable profit before taxes was €39.7M (vs. €58.7M YoY).

• Credit quality stable; impairment losses on financial assets improved to EUR -10.1 million from EUR -13.3 million year-over-year.

• Strong capital and liquidity positions, with total capital ratio at 19.2% and CET1 at 18.2%.

Financial highlights

• Comparable profit before taxes EUR 16.1 million, down from EUR 27.6 million year-over-year.

• Net interest income Q3: €40.2M (–23.2% YoY); YTD: €131.1M (–19.2%).

• Net fee and commission income Q3: €12.5M (+2.5% YoY); YTD: €37.3M (–0.8%).

• Comparable cost/income ratio increased to 50.1% from 36.8% year-over-year.

• Comparable ROE at 8.5% (down from 16.2%), EPS EUR 0.38 (down from EUR 0.67).

Outlook and guidance

• 2025 earnings guidance lowered: comparable profit before taxes expected at €50–65M (vs. €86.7M in 2024).

• High cost level to persist due to risk management, quality process investments, and increased headcount.

• Credit loss provisions higher than estimated due to ECL model update.

• Fee and commission income expected to remain weak in current economic conditions.