Finland's Oma Savings Bank Q1 profit jumps as impairment losses drop

Oma Saastopankki Oyj

07/05/2026 06:53

Overview

Finland retail bank's Q1 pretax profit rose sharply, while net interest income fell 24% yr/yr

Q1 EPS more than quadrupled yr/yr as impairment losses dropped 67%

Fee and commission income grew 7% in Q1, offsetting some pressure on revenue

Outlook

Company expects 2026 comparable profit before taxes to decline slightly from 2025's EUR 56.9 mln

Net interest income for 2026 expected to decrease due to lower market rates and credit portfolio changes

Company expects stable cost development and lower impairment losses on financial assets in 2026

Result Drivers

NET INTEREST INCOME DROP - Lower market interest rates and a smaller loan portfolio reduced net interest income, per company

FEE AND COMMISSION INCOME - Growth in card, payment, and fund management fees lifted fee and commission income, per company

IMPAIRMENT LOSSES DOWN - Impairment losses on financial assets fell sharply, as the prior year included a model update and higher provisions, per company

Company press release: ID:nGNE5X9pCT

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
EUR 0.33
Q1 Net Interest Income
EUR 35.77 mln
Q1 CET1 Capital Ratio
18.50%
Q1 Impairment Losses
-EUR 7.40 mln
Q1 Pretax Profit
EUR 13.90 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 €12.00, about 1.7% above its May 6 closing price of €11.80

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)