Business
Kvika banki hf.: Financial Results for Q1 2026
Robust growth in net interest income alongside a reduction in operating expenses. At a board meeting on 12 May 2026, the Board of Directors and the CEO approved the condensed interim consolidated financial statements of Kvika banki hf. (“Kvika” or “the bank”) for the first quarter of 2026. Highlights of performance in the first quarter (Q1 2026): Profit before tax from continuing operations amounts to ISK 1,809 million in Q1 2026, compared to ISK 701 million in Q1 2025, increasing by ISK 1,108 m
About this update from Kvika Banki Hf
[{"type":"image","alt":"Kvika banki hf.","displaySize":"","headline":null,"caption":"Kvika banki hf.","className":"","disableSlideshowImg":false,"size":{"original":{"width":97,"height":119,"url":"https://media.zenfs.com/en/globenewswire.com/7b9523982fe09af771924ef65e530055"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NyfVheXyliaewIBapchk6Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTExMDtoPTEzNQ--/https://media.zenfs.com/en/globenewswire.com/7b9523982fe09af771924ef65e530055","width":97,"height":119},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/NyfVheXyliaewIBapchk6Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTExMDtoPTEzNQ--/https://media.zenfs.com/en/globenewswire.com/7b9523982fe09af771924ef65e530055","width":97,"height":119}},"lazy":false},{"type":"text","content":"Robust growth in net interest income alongside a reduction in operating expenses.","length":81,"tagName":"p"},{"type":"text","content":"At a board meeting on 12 May 2026, the Board of Directors and the CEO approved the condensed interim consolidated financial statements of Kvika banki hf. (“Kvika” or “the bank”) for the first quarter of 2026.","length":208,"tagName":"p"},{"type":"text","content":"Highlights of performance in the first quarter (Q1 2026):","length":57,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Profit before tax from continuing operations amounts to ISK 1,809 million in Q1 2026, compared to ISK 701 million in Q1 2025, increasing by ISK 1,108 million from previous year or 158%.","length":185,"tagName":"p"}]},{"val":[{"type":"text","content":"Post-tax profit from continuing operations of the Kvika group amounts to ISK 1,374 million in Q1 2026, compared to ISK 186 million in Q1 2025, increasing by ISK 1,188 million from previous year.","length":194,"tagName":"p"}]},{"val":[{"type":"text","content":"Net interest income amounts to ISK 3,266 million in Q1 2026, compared to ISK 2,917 million in Q1 2025, increasing by ISK 349 million from previous year or 12.0%.","length":161,"tagName":"p"}]},{"val":[{"type":"text","content":"Net interest margin was 4.5% in Q1 2026, compared to 4.4% in Q1 2025.","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"Net fee and commission income amounts to ISK 1,486 million in Q1 2026, compared to ISK 1,520 million in Q1 2025, decreasing by ISK 34 million from previous year or 2.3%.","length":169,"tagName":"p"}]},{"val":[{"type":"...