Finland's Oma Savings Bank H1 profit flat, net interest income falls

Oma Saastopankki Oyj

13/08/2026 07:11

Overview
Finland retail bank's H1 comparable pretax profit was flat yr/yr, net interest income fell
Net fee income rose 7% in H1, driven by fund management and payment service fees
S-Bank announced on July 9, a tender offer to acquire all shares in OmaSp, aiming to delist company

Outlook
OmaSp sees 2026 comparable profit before taxes decreasing slightly from EUR 56.9 mln in 2025
Company expects 2026 net interest income to decrease versus previous year
OmaSp estimates 2026 impairment losses on financial assets will remain below 2025 level

Result Drivers
NET INTEREST INCOME DECLINE - Co said lower market rates and a shrinking loan portfolio led to a 21% drop in net interest income in H1
FEE INCOME GROWTH - Net fee income rose 6.9% in H1, driven by fund management fees and payment service fees
OPERATING EXPENSES - Personnel expenses rose 11.3% in H1, contributing to higher total operating expenses

Company press release: ID:nGNE39G4Yp

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 EPS
 
EUR 0.53
 
H1 Net Interest Income
 
EUR 72.10 mln
 
H1 CET1 Capital Ratio
 
18.70%
 
H1 Impairment Losses
 
-EUR 14.94 mln
 
H1 Net Fee Income
 
EUR 26.56 mln
 
H1 Pretax Profit
 
EUR 22.12 mln
 

Analyst Coverage
The one available analyst rating on the shares is "sell"
The average consensus recommendation for the banks peer group is "hold."
Wall Street's median 12-month price target for Oma Saastopankki Oyj is €17.00, about 0.7% above its August 12 closing price of €16.88
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago

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Aug 12 - ABN Amro sees cost pressures ahead despite reaching 2028 target

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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.)