Corrected: Lithuania's Artea Bank 9M net profit falls on higher impairment provisions

Artea bankas AB

28/10/2026 15:09

Corrects to remove adjusted basis from Operating Profit metric in table

Overview
Lithuania-based bank's 9M net profit fell 42% yr/yr to €27.9 mln
Net interest income for 9M grew 9% yr/yr to €113.7 mln
Company received ECB approval for share buyback

Outlook
Company says it is focusing on risk management, operational efficiency, and long-term resilience
Company expects higher short-term costs due to restructuring and internal capability investments
Artea Bank says it maintains strong capital and liquidity positions to withstand market volatility

Result Drivers
LOAN DEMAND - Co said growth in net interest and fee income was driven by high demand for financing and new loan agreements
RESTRUCTURING COSTS - Co said operating expenses rose due to restructuring, risk management investments, and transition to in-house teams
IMPAIRMENT PROVISIONS - Co said net profit was impacted by higher impairment provisions due to more conservative assumptions and adverse macroeconomic scenarios

Company press release: ID:nGNE6r4KVk

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Net Income
 
EUR 27.90 mln
 
9M Net Interest Income
 
EUR 113.70 mln
 
9M Operating Profit
 
EUR 54.60 mln
 
9M Net Fee Income
 
EUR 23.60 mln
 
9M ROE
 
6.20%
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the banks peer group is "hold."
Wall Street's median 12-month price target for Artea Bankas AB is €1.10, about 25.4% above its October 27 closing price of €0.88
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Oct 28 - Poland's mBank posts 30% jump in quarterly profit, buoyed by loan growth
Oct 27 - Poland’s Bank Millennium beats Q3 profit view as Swiss franc loan provisions fall
Oct 28 - Bank of Ireland's total income rises 6% YTD, raises net interest income forecast

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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.)