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Finland's Ålandsbanken Q3 profit slips yr/yr 

By Reuters News


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%


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.)

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