Oma Säästöpankki (OMASP) Q4 2025 earnings summary

Executive summary

• Q4 results met expectations, with cost growth curbed as planned and moderate credit losses; pre-tax profit for Q4 was €12.0M (down from €22.6M YoY), with comparable pre-tax profit at €17.2M (down from €27.9M YoY).

• Full-year pre-tax profit was €49.2M (down from €74.6M YoY); comparable pre-tax profit was €56.9M (down from €86.7M YoY).

• Core business remains stable, with a strong financial position and capital ratios; capital adequacy ratio (TC) strengthened to 19.3% (from 15.6%).

• Net interest income declined 26.3% in Q4 and 20.9% for the year due to lower loan volumes and market rates.

• Loan and deposit portfolios contracted, with notable reductions in corporate lending.

Financial highlights

• Q4 profit before tax: €17.2M (vs. €27.9M prior year); full-year 2025: €56.9M (vs. €86.7M prior year).

• Net interest income: €168.6M for 2025 (down 21% YoY); Q4: €37.5M (down 26% YoY).

• Net fee and commission income: €50.7M for 2025 (flat YoY); Q4: €13.3M (up 1.6% YoY).

• Operating expenses: €123.1M for 2025 (up 11% YoY); Q4: €30.5M (vs. €32.4M prior year).

• EPS: €1.19 for 2025 (down 34% YoY); Q4: €0.30 (down 44% YoY).

Outlook and guidance

• 2026 profit before tax expected to decline slightly year-over-year; comparable pre-tax profit for 2026 expected to decrease slightly from 2025 (€56.9M).

• Net interest income projected to decrease due to lower market rates and loan book changes.

• Fee income growth and stable cost development anticipated; credit losses expected to remain low or be lower than in 2025.