Finland's Ålandsbanken Q3 profit slips yr/yr
Overview
Finland bank's Q3 net operating profit fell 4% yr/yr, while core income rose 2%
Earnings per share for Q3 decreased 4% yr/yr
Actively managed assets reached all-time high with strong net inflows
Outlook
Alandsbanken expects 2026 ROE to exceed its long-term target of 15%
Company sees good opportunities to continue developing its business in the near future
Result Drivers
CORE SEGMENT PERFORMANCE - Co said Private Banking, Premium Banking and IT segments improved results yr/yr
ASSET INFLOWS - Actively managed assets saw strong net inflows and reached new all-time high
EXPENSES UP - Total expenses increased 5% yr/yr, contributing to lower net operating profit
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Total Income | EUR 53.70 mln | ||
Q3 Net Interest Income | EUR 23 mln | ||
Q3 Net Commission Income | EUR 21.10 mln | ||
Q3 Operating Profit | EUR 15.80 mln |
Reuters Recommended Reads
Oct 22 - Swedbank Q3 net income slightly beats expectations
Oct 22 - Sweden's SEB Q3 net profit falls on muted client activity
Oct 21 - Sweden's Handelsbanken Q3 operating profit rises 10%
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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.)