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Olympia Financial Group Inc. Announces First Quarter 2026 Results
Calgary, Alberta--(Newsfile Corp. - May 14, 2026) - Olympia Financial Group Inc. (TSX: OLY) ...
About this update from Olympia Financial Group Inc.
[{"type":"text","content":"Olympia Financial Group Inc. Announces First Quarter 2026 ResultsCalgary, Alberta--(Newsfile Corp. - May 14, 2026) - Olympia Financial Group Inc. (TSX: OLY) (\"Olympia\") today announces its operating and financial results for the period ended March 31, 2026.Results from operations for the three months ended March 31, 2026, include the following (compared to operations for the three months ended March 31, 2025):Total net earnings and comprehensive income increased 3% to $5.58 million from $5.40 million due to the sale of Olympia Currency and Global Payments Inc. This transaction resulted in income from discontinued operations, net of tax, of $2.19 million.Basic and diluted earnings per share attributable to shareholders of Olympia increased 4% to $2.32 per share from $2.24 per share.Total net earnings and comprehensive income from continuing operations decreased 40% to $3.38 million from $5.62 million.Service revenue increased 10% to $11.87 million from $10.76 million mainly due to an increase in monthly and transaction fees within the Investment Account Services division.Trust, interest, and other income decreased 23% to $10.18 million from $13.22 million mainly due to a decrease in interest rates on funds held in trust.Total revenue decreased 8% to $22.06 million from $23.99 million.Total expenses increased 4% to $17.18 million from $16.58 million mainly due to salaries as a result of expanding the governance, risk and compliance department.Earnings before income tax decreased 35% to $4.81 million from $7.40 million.Basic and diluted earnings per share from continuing operations decreased 39% to $1.41 per share from $2.33 per share.The unaudited condensed interim financial statements and notes, as well as management's discussion and analysis, are now available on SEDAR (www.sedarplus.ca). Both historical and current information on Olympia's stock, financials, press releases, governance, and more can now be found at ir.olympiafinancial.com.About Olympia Financial Group Inc.Olympia conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company ad...