Finland's Alandsbanken Q1 profit falls

Alandsbanken Abp

28/04/2026 07:13

Overview

Finland bank's Q1 operating profit fell 6% yr/yr, EPS down 4%

Core income rose 1% as higher commission income offset lower net interest income

Bank expects ROE to remain above long-term target in 2026

Outlook

Alandsbanken expects 2026 ROE to continue to exceed its 15% long-term target

Result Drivers

COMMISSION INCOME - Higher commission income from investment operations helped offset lower net interest income

CAPITAL MARKETS VOLATILITY - Increased volatility negatively affected the value of customer investment portfolios, though net inflows continued

IT OPERATIONS - Crosskey signed an agreement with Handelsbanken regarding its remaining business in Finland, strengthening the bank's IT services position

Company press release: ID:nGNEMnpyr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Total Income
EUR 56.90 mln
Q1 Net Interest Income
EUR 23.30 mln
Q1 Net Fee Income
EUR 22.50 mln
Q1 Operating Profit
EUR 17.20 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)