Arion Bank reports net profit of 8,706 million Icelandic krona for the third quarter of 2026. Analysts had on average expected 8,719 million, according to consensus from Modular Finance.
Net profit was thus a marginal 0.1 percent lower than expected, but increased by 6.0 percent compared with the corresponding quarter of the previous year.
Net interest income amounted to 15,811 million Icelandic krona, compared with the expected 15,960 million. The outcome was 0.9 percent below consensus and 14.4 percent higher than the previous year.
Operating income amounted to 20,427 million Icelandic krona, compared with the expected 20,601 million. This corresponds to a negative deviation of 0.8 percent. In the previous year, operating income was 18,987 million.
Operating expenses amounted to 7,003 million Icelandic krona, compared with the expected 6,815 million. Costs were thus 2.8 percent higher than expected.
Return on equity amounted to 16.3 percent during the quarter. Earnings per share were 6.42 Icelandic krona (5.95).
The bank states that a proposed increase in the bank tax levy would entail an additional cost of around 1,700 million Icelandic krona for 2026, which would then weigh on the fourth quarter.
ISK millionQ3 2026ConsensusDeviationQ3 2025ChangeNet interest income15,81115,960−0.9%13,826+14.4%Operating income20,42720,601−0.8%18,987+7.6%Operating expenses−7,003−6,815+2.8%−6,194+13.1%Profit before tax11,859––11,135+6.5%Net profit8,7068,719−0.1%8,210+6.0%Earnings per share, ISK6.42––5.95+7.9%
