Finland's Oma Savings Bank Q4 profit falls on reduced mortgage, SME portfolios

Oma Saastopankki Oyj

12/02/2026 07:10

Overview

Finnish retail bank's Q4 comparable profit before taxes fell 39% yr/yr

Net interest income for Q4 decreased 26.3% due to a shrinking loan portfolio

Fee and commission income rose 1.6% in Q4, driven by lending and payment services

Outlook

Oma Savings Bank expects 2026 net interest income to decrease due to market rate declines

Company anticipates stable cost development for 2026

Oma Savings Bank estimates 2026 impairment losses to remain lower than 2025

Result Drivers

LOAN PORTFOLIO SHRINKAGE - Net interest income fell 26.3% in Q4 due to reductions in mortgage and SME customer portfolios

RISK MANAGEMENT COSTS - EUR 1 mln in costs related to risk management projects recorded in Q4

COMMISSION INCOME GROWTH - Fee and commission income rose 1.6% in Q4, driven by lending and payment services

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY EPS
EUR 1.19
FY Net Interest Income
EUR 168.64 mln
FY CET1 Capital Ratio
18.30%
FY Impairment Losses
-EUR 47.11 mln
FY Pretax Profit
EUR 49.25 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 €10.00, about 20.3% below its February 11 closing price of €12.54

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNE5ZH9Xy

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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.)