Coop Pank As · OMXTSE:CPA1T
Coop Pank As — Q1 2025 Earnings Presentation
19 slides from Coop Pank As's earnings presentation, Apr 23, 2025
Slide 1: Coop Pank Group 2025 Q1 unaudited results
0005 Coop Pank Group 2025 Q1 unaudited results 23.04.2025
Slide 2: • • • • • •
• • • • • •
Slide 3: Key figures: loans, deposits, customers, net profit
m€ +287 +19% m€ +221 +13% +44 +2,5% +29 +1,5% 1 818 1 839 1 886 1 915 1 774 1 693 1 740 1 621 1 661 1 531 Q1 2024 Q2 Q3 Q4 Q1 2025 Q1 2024 Q2 Q3 Q4 Q1 2025 '000 +17 +21% m€ -1 225 -13% +2,4 +2,4% +1 520 +23,8% 189 196 202 208 213 9 138 8 649 7 998 7 913 84,4 95,3 95,6 99,4 101,8 6 393 Q1 2024 Q2 Q3
Slide 4: Q1 2025 vs Q4 2024 results
• • Q1 2025 Q4 2024 Quarterly change Net operating income ('000 €) 19 310 19 968 -658 -3% Interest 17 930 19 148 -1 218 -6% incl interest income 32 058 34 144 -2 087 -6% • incl interest expense -14 128 -14 996 +868 -6% Service fees and commissions 1 155 1 303 -148 -11% Other 225 -483 +708 -147% Oper
Slide 5: Q1 2025 vs Q1 2024 results
• • Q1 2025 Q1 2024 Quarterly change Net operating income ('000 €) 19 310 20 221 -911 -5% Interest 17 930 19 082 -1 152 -6% incl interest income 32 058 34 518 -2 460 -7% • incl interest expense -14 128 -15 436 +1 308 -8% Service fees and commissions 1 155 1 014 +141 +14% Other 225 125 +100 +80% Oper
Slide 6: Net loan portfolio by segment
• m€, % 7,9% • 7,8% 7,5% 7,0% 6,5% • Gross interest of portfolio • +287 +19% +44 +2,5% • 1 774 1 818 1 531 1 621 1 661 177 178 • 171 174 109 109 163 103 105 99 717 740 654 685 617 693 697 770 792 651 Q1 2024 Q2 Q3 Q4 Q1 2025 Business loans Private mortgage loans Consumer loans Leasing
Slide 7: Gross loan portfolio and interest by segment
m€, % m€, % 8,2% 8,1% 7,9% 7,3% 6,8% 6,7% 6,5% 6,3% 5,9% 5,3% 661 703 707 780 802 655 687 719 741 618 Q1 2024 Q2 Q3 Q4 Q1 2025 Q1 2024 Q2 Q3 Q4 Q1 2025 Gross loan portfolio Gross interest % Gross loan portfolio Gross interest % m€, % m€, % 14,3% 13,9% 13,5% 13,1% 7,6% 7,3% 7,1% 6,7% 13,0% 6,2% 104 1
Slide 8: Past due loans and loss allowances
• m€, % 2,4% 2,2% 2,4% • 2,1% 2,1% 40,3 39,4 36,5 36,7 37,6 4,7 5,0 5,1 4,7 6,3 35,5 34,4 31,3 32,0 31,2 % 0,4% - 16,5 - 17,0 - 17,5 - 18,6 - 18,3 0,3% 0,2% 0,2% I kv 2024 II kv III kv IV kv I kv 2025 0,0% Past due 1-90 days Past due over 90 days Q1 2024 Q2 Q3 Q4 Q1 2025 Loss allowances Past due %
Slide 9: Past due loans by segment
m€, % m€, % 1,6% 2,6% 2,5% 2,4% 2,2% 2,3% 0,9% 0,9% 1,1% 1,0% 11,0 16,1 16,4 16,3 15,9 17,3 6,2 6,2 8,2 8,0 4,9 5,3 9,7 5,5 6,6 14,9 15,2 16,3 14,8 14,4 - 9,7 - 10,1 - 10,3 - 11,2 - 10,3 - 1,2 - 1,4 - 1,5 - 1,5 - 1,7 Q1 2024 Q2 Q3 Q4 Q1 2025 Q1 2024 Q2 Q3 Q4 Q1 2025 m€, % m€, % 8,3% 8,4% 7,8% 7,7% 7
Slide 10: Deposits and cost of financing
• • m€, % • 3,5% 3,4% 3,3% 3,1% Total cost of financing 2,8% • +221 +13% • +29 +1,5% • 1 839 1 886 1 915 1 693 1 740 584 572 616 508 565 % 30% 32% 32% 30% 32% 1 185 1 175 1 255 1 314 1 299 Q1 2024 Q2 Q3 Q4 Q1 2025 Term deposits Demand deposits Q1 2024 Q2 Q3 Q4 Q1 2025
Slide 11: Interest income, expense and net interest margin
% m€ 7,1% 7,0% 7,0% 35,0 34,5 34,7 35,3 34,1 6,8% 6,9% 33,3 6,4% 6,4% 32,1 5,6% 5,7% 28,5 4,8% 23,9 4,6% 4,1% 4,1% 4,2% 4,1% 3,9% 19,3 3,6% 3,6% 3,6% 3,3% 21,0 21,3 20,6 3,9% 2,9% 15,0 18,4 19,1 19,3 20,0 19,1 3,5% 3,5% 3,5% 3,4% 13,4 17,9 3,2% 3,3% 3,1% 15,8 15,4 15,4 15,3 15,0 2,7% 2,8% 14,4 14,1
Slide 12: Clients and market share
• '000 +23 +12% +5 +2,5% • 213 208 202 196 189 • Q1 2024 Q2 Q3 Q4 Q1 2025 • • '000 +17 +21% market share % 6,3% 6,3% 6,5% 6,6% +2,4 +2,4% 6,1% 95,3 95,6 99,4 101,8 5,8% 6,1% 6,1% 6,3% 84,4 5,8% Market share of deposits Market share of loans Q1 2024 Q2 Q3 Q4 Q1 2025 Q1 2024 Q2 Q3 Q4 Q1 2025 Clients w
Slide 13: Capital base and capital adequacy
m€ % +26 +12% 20,4% 19,4% 19,0% 19,4% 20,0% +6 +2,7% 16,3% 16,3% 16,3% 16,3% 16,8% 239 245 Total (%) Regulatory minimum + P2G (%) 220 219 219 35 35 % 35 35 35 28 28 28 28 28 17,2% 16,3% 16,0% 16,6% 17,1% 13,6% 13,6% 13,6% 13,6% 14,1% T1 (%) Regulatory minimum + P2G (%) 176 182 157 156 155 % 14,6% 13
Slide 14: Liquidity: liquid assets, LCR, NSFR
mln €; % % 24,9% 21,1% 20,7% 614 297% 18,4% 17,4% 260% 442 417 373 381 209% 205% 207% 562 131% 125% 125% 127% 133% 378 402 334 339 100% 100% 100% 100% 100% Q1 2024 Q2 Q3 Q4 Q1 2025 Bonds Cash, balances with other fin. institutions Q1 2024 Q2 Q3 Q4 Q1 2025 Cash, balances with central banks Liquid ass
Slide 15: Cost / income ratio and ROE
• Cost / Income ratio % • 54% • 49% 48% 49% 47% • • ROE % • • 19,2% 16,4% 17,3% % 14,7% 12,3% 2,5% 2,6% 2,5% 2,5% 2,1% Q1 2024 Q2 Q3 Q4 Q1 2025 Q1 2024 Q2 Q3 Q4 Q1 2025
Slide 16: Shareholder distribution as at 31.03.2025
'000 Shareholder distribution of Coop Pank as at 31.03.2025 -1,9 -5,0% Coop Investeeringud -0,6 -1,8% 22% 37,1 36,9 36,4 35,9 35,2 Others 43% Cooperatives 19% Tallinna linnakantselei 3% CM Capital Andres Sonn Q1 2024 Q2 Q3 Q4 Q1 2025 5% 8%
Slide 17: Share price, P/B and P/E
Share price €, P/B € trading volume thousand shares 1,24 4,20 1,11 2,99 0,97 0,95 0,99 2,46 2,36 1,96 2,12 1,07 1,17 Q1 2024 Q2 Q3 Q4 Q1 2025 12.19 06.20 12.20 06.21 12.21 06.22 12.22 06.23 12.23 06.24 12.24 EPS € (quarterly) P/E € (TTM) 0,089 0,084 7,0 0,078 0,077 6,2 5,9 5,8 6,3 0,062 Q1 2024 Q2 Q
Slide 18: Loan portfolio
Loan portfolio +19%
Slide 19: Margus Rink, Paavo Truu contacts
Margus Rink Chairman of Board, CEO margus.rink@cooppank.ee Paavo Truu Member of Board, CFO paavo.truu@cooppank.ee https://www.cooppank.ee/en/for-investors