Finland · Delayed Price · Currency is EUR Oma Säästöpankki Oyj Earnings Call Transcripts
Fiscal Year 2026
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Profit before tax held steady at EUR 23.6 million, with operating income down 14% year-over-year and net interest income falling 21%. S-Pankki's tender offer at a 47% premium signals market confidence, while cost pressures and non-performing exposures remain key challenges.
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The updated strategy focuses on disciplined, sustainable organic growth, expanding fee income, and leveraging both local presence and digital channels. Financial targets include >14% ROE, <50% cost/income ratio, and >10% annual fee income growth by 2029, supported by strong capital and risk management.
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Profit before tax improved year-on-year despite a 24% drop in net interest income and a 16% decline in operating income. Fee and commission income rose 7%, new lending surged 64%, and capital ratios strengthened, but non-performing exposures remain elevated.
Fiscal Year 2025
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Q4 and full year 2025 results were in line with expectations, with profit before taxes at EUR 56.9 million and improved customer satisfaction. Net interest income declined due to lower market rates, while fee income rose. 2026 outlook anticipates slightly lower profits and stable costs.