Coop Pank As · OMXTSE:CPA1T
Coop Pank As — Q1 2026 Earnings Presentation
17 slides from Coop Pank As's earnings presentation, Apr 22, 2026
Slide 1: Coop Pank Group 2026 Q1 unaudited results
Coop Pank Group 202 6 Q 1 unaudited results 22 April 2026
Slide 2: Key notes from Q1 2026
Key notes from Q1 2026 • Public bond offering: Coop Pank’s bond issue was oversubscribed 5.7 times • Economic uncertainty: Conflict in Iran • Interest rate environment: Euribor increase 2.1% => 2.5% • Continued loan growth: Loan volumes increased by €37 million while portfolio quality remains high •
Slide 3: Business volumes in quarterly comparison
Business volumes in quarterly comparison Loans Deposits m€ +333m +18% m€ +213m +11% +37m +1,8% +73m +3,5% 2 114 2 152 2 047 2 120 1 943 2 023 1 907 1 913 1 818 1 809 Q1 2025 Q2 Q3 Q4 Q1 2026 Q1 2025 Q2 Q3 Q4 Q1 2026 Active customers Net profit th +8th +8% th€ +391th +5% +1,8th +1,6% +1 114th +15,5%
Slide 4: Results of Q1 2026 – compared to Q4 2025
Results of Q 1 202 6 – compared to Q 4 202 5 • Loan portfolio increased + 37 m € (+2%) Q1 2026 Q4 2025 Quarterly change Net operating income (th€) 20 816 20 958 -143 -1% • Net interest income increased by 0.9 m€ Interest 19 544 19 038 +506 +3% incl interest income 32 577 31 668 +909 +3% • Impact of
Slide 5: Results of Q1 2026 – compared to Q1 2025
Results of Q 1 202 6 – compared to Q 1 202 5 Q1 2026 Q1 2025 Yearly change • Loan portfolio increased +3 33 m € (+ 18%) Net operating income (th€) 20 816 19 310 +1 505 +8% • Total change +1.6 m € incl. business volume growth Interest 19 544 17 930 +1 614 +9% + 5.4 m €; interest rate impact - 4.8 m €
Slide 6: Loan portfolio continues to grow
Loan portfolio continues to grow Net loan portfolio • Quarterly growth of loan portfolio + 37 m € (+ 2%) • Business loans + 23 m € (+ 2%) m€, % +333m +18% • Private mortgage loans + 17 m € (+ 2%) +37m +1,8% • Consumer loans remained at same level 2 152 • Leasing - 2 m € ( - 1%) 2 114 2 023 • Euribor
Slide 7: Quality of loan portfolio
Quality of loan portfolio Loans past due and loss allowances in balance sheet • Past due portfolio at a low 1.9% level m€, % 2,1% 2,8% 2,3% • Credit risk cost ratio 0.1% in Q 1 202 6 1,8% 1,9% 55,1 4,9 47,6 41,7 39,4 38,5 12,9 5,0 6,6 5,2 50,2 34,4 34,7 33,3 35,1 Credit risk cost ratio % - 18,3 - 19
Slide 8: Loan portfolio quality by business lines
Loan portfolio quality by business lines Business loans Private mortgage loans m€, % m€, % 2,3% 2,6% 2,5% 2,2% 2,3% 1,0% 0,8% 0,8% 0,6% 0,9% 20,5 19,9 18,3 19,4 17,3 8,0 7,1 7,3 6,3 8,6 6,6 5,6 5,0 5,0 16,3 19,6 19,0 17,2 18,4 4,3 - 10,3 - 10,7 - 10,9 - 11,8 - 11,9 - 1,7 - 1,7 - 1,7 - 1,7 - 1,7 Q1 2
Slide 9: Financing costs
Financing costs Financing costs and financing sources • Total volume of deposits and other financial m€, % 2,8% instruments increased by 21 m € (+0.9%) in Q1 2,5% 2,3% 2,1% 2,1% • Deposits from private clients + 17.5 m € Total cost of financing (+1,9 m € demand deposits, + 15.6 m € term deposits) +2
Slide 10: Client base and market share
Client base and market share Total no of clients with bank account • No of clients increased by 4 000 (+ 1.9%) (+5 000 in Q 4 2025) th +19th +9% • 1 800 (+1. 6%) new active clients in Q 1 202 6 (+ 2 9 00 in Q 4 2025) +4th +1,9% 231 227 218 222 • Bank’s market share changed in Q 1 202 6* 213 • Market
Slide 11: Capital base supports growth plans
Capital base supports growth plans Quarterly capitalization Capital adequacy m€ +33m +13% % 20,0% 18,8% 19,3% 18,9% 18,5% +11m +4,3% 278 267 16,8% 16,8% 16,8% 16,8% 16,8% 257 245 245 40 35 35 Total (%) Regulatory minimum + P2G (%) 35 35 28 28 28 % 28 28 17,1% 16,7% 16,1% 16,1% 16,2% 14,1% 14,1% 14,1
Slide 12: Liquidity
Liquidity Liquid assets Liquidity coverage ratio (LCR) % m€; % 24,9% 20,1% 19,6% 260% 18,2% 16,7% 614 50 544 534 202% 201% 462 55 189% 185% 83 397 45 40 133% 119% 120% 120% 125% 562 487 446 414 354 100% 100% 100% 100% 100% Q1 2025 Q2 Q3 Q4 Q1 2026 Bonds Q1 2025 Q2 Q3 Q4 Q1 2026 Cash, balances with o
Slide 13: Performance indicators
Performance indicators • CIR 5 3% (long term goal <50%) Cost / Income ratio (CIR) and ROE • Net income 20 .8 m €, same level compared to the previous quarter Cost / Income ratio % • Operating expenses 10. 9 m €, - 0.5 m € ( - 4%) 54% 54% 52% 53% compared to the previous quarter 49% • ROE 1 3.9% (lon
Slide 14: Shareholders
Shareholders No of Coop Pank shareholders TOP shareholders th Shareholder distribution of Coop Pank as at 31.03.2026 -3,0th -8,6% Coop -0,6th -1,7% Investeeringud 22% 35,2 34,7 34,0 Others 32,8 43% 32,2 Cooperatives 19% Tallinna linnakantselei Q1 2025 Q2 Q3 Q4 Q1 2026 3% CM Capital Andres Sonn 5% 8%
Slide 15: Share price
Share price Coop Pank share price and trading volume by dates P/B ratio last 6 months 0,99 0,97 0,93 0,96 +15% 0,88 2,98 2,50 2,45 3,47 2,24 2,02 1,08 1,21 Q1 2025 Q2 Q3 Q4 Q1 2026 Net income per share (EPS) P/E ratio 7,6 8,0 7,0 7,1 7,2 0,077 0,080 0,064 0,067 0,069 Q1 2025 Q2 Q3 Q4 Q1 2026 Q1 2025
Slide 16: Summary: Q1 2026 results
Summary: Q1 2026 results • Loan portfolio growth + 37 m € (+ 2%) • Growth of active customers +1 800 (+1. 6%) • Net profit 8.3 m € (+ 1.1 m €, + 15%) • CIR 5 3% (Q 4 2025: 5 4%) • ROE 13.9% (Q 4 2025: 12. 5%) Net profit 8.3 m € +15%
Slide 17: Arko Kurtmann, Chairman of the Management Board, Chief Executive Officer
Arko Kurtmann Chairman of the Management Board, Chief Executive Officer arko.kurtmann@cooppank.ee Paavo Truu Member of the Management Board, Chief Financial Officer paavo.truu@cooppank.ee www.cooppank.ee/investorile