Oma Säästöpankki (OMASP) Q1 2026 earnings summary

Executive summary

• Comparable pre-tax profit rose to €13.7 million from €4.6 million year-over-year, driven by broad-based fee income growth and lower operating expenses.

• Pre-tax profit for Q1 2026 was €13.9 million, up from €3.1 million year-over-year.

• New lending volumes increased 63.6% year-over-year, though the overall loan book declined 1.1% due to continued exit from riskier customers.

• Asset quality remains pressured by weak economic conditions, with non-performing exposures rising.

• Strong capital position supports ongoing profitable growth.

Financial highlights

• Profit before tax rose to €13.7 million from €4.6 million year-over-year.

• Net interest income declined to €35.8 million, down 23.7% year-over-year, impacted by lower market rates and a shrinking loan book.

• Net fee and commission income increased 7.4% to €13.4 million.

• Operating expenses decreased to €28.6 million from €32.2 million; comparable expenses down 11.1%.

• EPS improved to €0.33 from €0.11.

Outlook and guidance

• 2026 outlook unchanged; net interest income expected to decline due to lower market rates and loan book changes.

• Fee income growth and stable cost development anticipated.

• Credit loss provisions expected to remain below prior year.

• Comparable pre-tax profit for 2026 forecast to decrease slightly from previous year.