Ålandsbanken (ALBAV) Q3 2025 earnings summary

Executive summary

• Net operating profit for January–September 2025 reached a record EUR 51.0M, up 2% year-over-year, with profit for the period attributable to shareholders rising 4% to EUR 41.6M.

• Return on equity after taxes (ROE) remained strong at 18.4%, exceeding the long-term target of 15%.

• Lending, deposits, and actively managed assets all grew, with managed assets reaching a new high of EUR 11,448M.

Financial highlights

• Core income (net interest, commission, IT) decreased 1% to EUR 159.1M; net interest income fell 9% to EUR 71.5M, while net commission income rose 11% to EUR 62.7M.

• Other income increased to EUR 4.8M from EUR 1.1M, driven by revaluation of financial assets and one-time gains.

• Total expenses rose 2% to EUR 112.3M, mainly due to higher staff costs.

• Net impairment losses on financial assets were EUR 0.6M, with a loan loss level of 0.02%.

• Earnings per share increased 4% to EUR 2.71.

Outlook and guidance

• The outlook remains unchanged: ROE is expected to continue exceeding the 15% long-term target in 2025.