Kvika banki hf.: Financial Results for Q2 2025

Kvika banki hf.: Financial Results for Q2 2025

Benzinga
August 13, 2025

At a board meeting on 13 August 2025, the Board of Directors and the CEO approved the interim financial statements of the Kvika banki hf. ("Kvika" or "the bank") for the second quarter and first six months of 2025.

Highlights of performance in the second quarter (Q2 2025)

Post-tax profit from continuing operations of the Kvika group amounted to ISK 1,439 million in Q2 2025, compared to ISK 777 million in Q2 2024, an increase of ISK 662 million or 85.2%.

Profit before tax amounted to ISK 2,025 million, compared to ISK 1,189 million in Q2 2024, an increase of ISK 836 million or 70.3%.

Net interest income amounted to ISK 2,962 million in Q2 2025, compared to ISK 2,428 million in Q2 2024, an increase of ISK 534 million or 22.0%.

Net interest margin was 4.0% in Q2 2025, compared to 3.8% in Q2 2024.

Net fee and commission income was ISK 1,935 million in Q2 2025, compared to ISK 1,351 million in Q2 2024, an increase of ISK 584 million or 43.2%.

Other net operating income amounted to ISK 231 million in Q2 2025, compared to ISK 217 million in Q2 2024, an increase of ISK 14 million or 6.5%.

Administrative expenses amounted to ISK 2,981 million in Q2 2025, compared to ISK 2,733 million in Q2 2024, an increase of ISK 248 million or 9.1%.

Pre-tax return on tangible equity (RoTE) of continuing operations was 18.5%.

Earnings per share amounted to ISK 0.31 in Q2 2025, compared to ISK 0.27 in Q2 2024.

Key balance sheet figures:

Deposits from customers amounted to ISK 180 billion at the end of Q2 2025, compared to ISK 163 billion at year-end 2024 and increased by 10.3% in the period.

Loans to customers amounted to ISK 172 billion at the end of Q2 2025, compared to ISK 150 billion at year-end 2024 and increased by 14.7% in the period.

Total assets amounted to ISK 361 billion at the end of Q2 2025, compared to ISK 355 billion at year-end 2024.

Total equity of the group amounted to ISK 66 billion at the end of the period, ...

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