Kvika banki hf.

Kvika banki hf.: Financial Results for Q2 2026

Stable net interest income and disciplined cost management support strong underlying earnings

At a board meeting on 12 August 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 second quarter and first six months of 2026.

Highlights of performance in the second quarter (Q2 2026):

• Profit before tax from continuing operations amounts to ISK 1,545 million in Q2 2026, compared to ISK 2,025 million in Q2 2025, decreasing by ISK 480 million from previous year or 23.7%.
• Post-tax profit from continuing operations amounts to ISK 903 million in Q2 2026, compared to ISK 1,439 million in Q2 2025, decreasing by ISK 536 million from previous year or 37.2%.
• Net interest income amounts to ISK 3,013 million in Q2 2026, compared to ISK 2,962 million in Q2 2025, increasing by ISK 51 million from previous year or 1.7%.
• Net interest margin was 4.0% in Q2 2026, compared to 4.0% in Q2 2025.
• Net fee and commission income amounts to ISK 1,416 million in Q2 2026, compared to ISK 1,935 million in Q2 2025, decreasing by ISK 519 million from previous year or 26.8%.
• Other net operating income amounts to ISK 327 million in Q2 2026, compared to ISK 231 million in Q2 2025, increasing by ISK 96 million from previous year.
• Administrative expenses amount to ISK 2,947 million Q2 2026, compared to ISK 2,981 million in Q2 2025, decreasing by ISK 34 million from previous year or 1.1%.
• Pre-tax return on tangible equity (RoTE) from continuing operations was 15.1% Q2 2026, compared to 18.5% in Q2 2025.
• Earnings per share from continuing operations amounted to ISK 0.21 in Q2 2026, compared to ISK 0.31 in Q2 2025.

Key balance sheet figures as at 30.06.2026:

• Deposits from customers amount to ISK 201 billion, compared to ISK 173 billion at year-end 2025 and increased by 16.5% during the period.
• Loans to customers amount to ISK 223 billion, compared to ISK 208 billion at year-end 2025 and increased by 7.6% during the period.
• Total assets amount to ISK 376 billion, compared to ISK 343 billion at year-end 2025.
• Total equity of the group amount to ISK 58 billion, compared to ISK 69 billion at year-end 2025.
• The capital adequacy ratio (CAR) was 23.0%, compared to 26.8% at year-end 2025
• Total liquidity coverage ratio (LCR) of the group was 276%, compared to 404% at year-end 2025.
• Total assets under management amount to ISK 449 billion, compared to ISK 469 billion at year-end 2025.

Highlights of performance in the first six months (6M 2026):

• Profit before tax from continuing operations amounts to ISK 3,354 million, compared to ISK 2,726 million in 6M 2025, increasing by ISK 628 million from previous year or 23.0%.
• Post-tax profit from continuing operations amounts to ISK 2,277 million, compared to ISK 1,625 million in 6M 2025, increasing by ISK 652 million or 40.2% from the previous year.
• Net interest income amounted to ISK 6,279 million, compared to ISK 5,879 million in 6M 2025, an increase of 6.8% from the previous year.
• Net interest margin was 4.3% in 6M 2026, compared to 4.1% in 6M 2025.
• Net fee and commission income amounted to ISK 2,902 million, compared to ISK 3,455 million in 6M 2025, a decrease of 16.0%.
• Other net operating income was ISK 462 million, compared to ISK 243 million in the same period in 2025, increasing by ISK 219 million
• Administrative expenses were ISK 5,961 million, compared to ISK 6,071 million in the same period in 2025, decreasing by ISK 110 million from previous year or 1.8%.
• Pre-tax return on tangible equity (RoTE) from continuing operations was 15.6% in 6M 2026, compared to 13.3% in 6M 2025
• Earnings per share from continuing operations amounted to ISK 0.52 in 6M 2026, compared to ISK 0.36 in 6M 2025.
  

Ármann Þorvaldsson, CEO of Kvika:

Presentation for shareholders and market participants

A presentation for shareholders and market participants is scheduled for Thursday, August 13, at 08:30, at Kvika’s headquarters, located on the 9th floor of Katrínartún 2. The presentation will be conducted in Icelandic, with a live stream available on the following website:

https://kvika.is/kynning-a-uppgjori-6m-2026/

Meeting participants will be able to send questions before or during the meeting via ir@kvika.is

Attached is the investor presentation. Additionally, a recording with English subtitles will be made available on Kvika’s website.

Attachments

• Press Release
• Investor Presentation
• Kvika - Condensed Interim Consolidated Financial Statements 30.06.2026