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Kvika banki (KVIKA) investor relations material
Kvika banki Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Profit before tax rose 8.6% year-over-year to ISK 1,969 million in Q3 2025, with profit after tax up 21.6% to ISK 1,472 million.
Net operating income for the first nine months of 2025 was ISK 14,439 million, up from ISK 12,519 million year-over-year, with profit before tax from continuing operations at ISK 4,695 million.
The sale of TM tryggingar hf. was finalized in February 2025, resulting in a final purchase price of ISK 32.2 billion and the group is no longer classified as a financial conglomerate.
Kvika completed the acquisition of the remaining shares in Ortus Secured Finance Ltd. in March 2025, incurring a revaluation expense of ISK 580 million.
Merger discussions with Arion banki hf. are ongoing, with due diligence nearing completion and Kvika shareholders expected to receive about 26% of the combined entity.
Financial highlights
Net operating income for Q3 2025 was ISK 4,862 million, up 9.1% year-over-year.
Net interest income for 9M 2025 was ISK 8,831 million, up from ISK 7,183 million year-over-year.
Net fee and commission income was ISK 1,571 million in Q3 and ISK 5,026 million for 9M 2025.
Administrative expenses increased to ISK 8,811 million from ISK 7,744 million year-over-year.
Loans to customers grew by ISK 45.5 billion (30.3%) to ISK 195,685 million.
Outlook and guidance
Loan book growth is on track, supported by strong demand in Auður Heima mortgages and diversified lending.
Net interest margin remains stable at 4.0%.
Capital position is strong, with CRR III implementation expected to reduce risk-weighted exposure amount by 14%.
Merger with Arion banki hf. is anticipated to be finalized in the coming months, pending regulatory and shareholder approval.
Cautious outlook for asset and domestic capital markets amid a mixed external environment.
Arion merger: Competition Authority discussions status
Auður mortgage market entry: Performance to date?
CRR III: Estimated RWEA reduction impact
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Next Kvika banki earnings date
Q4 202512 Feb, 2026
Next Kvika banki earnings date
Q4 202512 Feb, 2026
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Frequently asked questions
Kvika banki hf. is an Icelandic financial institution primarily engaged in providing a range of banking services. The bank operates through several segments including corporate banking, commercial banking, asset management, and capital markets. It offers various financial services such as loans, asset management, private banking, and securities trading. Additionally, Kvika is active in the insurance sector through its subsidiary, TM tryggingar hf., which it has recently decided to sell. The bank also has a growing presence in fintech and payment solutions through its subsidiaries, including Aur and Straumur, which provide digital banking and payment facilitation services. The company is headquartered in Reykjavík, Iceland, and its shares are listed on the Iceland Stock Exchange.
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