The Annual General Meeting of Kvika banki hf., Reg. No. 540502-2930 (“Kvika”), will be held on Wednesday, 18 March 2026, at 4:00 pm, at Iceland Parliament Hotel by Austurvöllur, Thorvaldsenstræti 2-6, 101 Reykjavík, in meeting room A. The Agenda for the meeting is as follows: Report from the Company's Board of Directors on its activities during the past operating year.The Company's annual financial statements for 2025 along with a decision on the treatment of the Company's profit during the financial year. ...

Core Viewpoint - Kvika banki hf. has initiated a share buyback program authorized by its shareholders to enhance shareholder value and reduce issued share capital [1][2]. Group 1: Share Buyback Authorization - At the Annual General Meeting on 21 March 2024, shareholders approved the board of directors to buy up to 10% of issued shares [1] - The authorization for share buyback was renewed at the Annual General Meeting on 26 March 2025 [1] - A notification regarding the buyback of shares was issued on 23 December 2025 [1] Group 2: Buyback Program Details - On 11 February 2026, the board decided to establish a buyback program with a total consideration of ISK 631,548,500 for up to 45,000,000 shares [2] - Kvika currently holds 274,367,380 of its own shares and has utilized ISK 4,999,999,998 of the AGM authorization to acquire 303,547,379 shares [2] Group 3: Execution and Compliance - Íslandsbanki hf. will supervise the execution of the buyback program and make independent decisions regarding share acquisitions [3] - The buyback program must comply with the Act on Public Limited Companies and relevant European regulations on market abuse [3] - The execution of the buyback will ensure transparency in transactions involving own shares [3] Group 4: Purchase Limitations - Daily purchases under the buyback program are limited to 2,771,952 shares, with the maximum purchase price being the last independent transaction or highest existing purchase bid on Nasdaq Iceland [4] - The buyback program is effective from 23 February 2026 until the annual general meeting in 2026, or until the total consideration of ISK 631,548,500 is completed, or 45,000,000 shares are bought, whichever comes first [4] Group 5: Reporting and Contact Information - The bank's trading in its own shares will be declared in accordance with applicable laws and regulations [5] - For further information, Kvika's investor relations can be contacted at ir@kvika.is [5]

In week 8 Kvika banki hf. („Kvika“ or „the bank“) purchased 7,856,970 of its own shares at the purchase price ISK 141,953,748. See further details below: DateTimeNo. of shares purchasedShare price (rate)Purchase price16.2.202610:40:001,000,00017.8317,825,00017.2.202610:37:001,000,00018.2018,200,00017.2.202614:00:411,000,00018.2518,250,00017.2.202614:56:35600,00018.2010,920,00018.2.202609:58:451,000,00018.1018,100,00018.2.202614:35:46679,87718.0012,237,78619.2.202612:47:551,000,00018.00<td style ...

Core Viewpoint - The year 2025 was marked by strong operational performance for Kvika banki hf., highlighted by significant growth in net interest income and strategic initiatives, despite a decrease in post-tax profit from continuing operations compared to 2024 [10][11]. Financial Performance - Profit before tax from continuing operations increased to ISK 6,217 million in 2025, up by ISK 400 million or 6.9% from ISK 5,817 million in 2024 [6]. - Post-tax profit from continuing operations decreased to ISK 4,363 million in 2025, down by ISK 327 million or 7.0% from ISK 4,690 million in 2024 [6]. - Net interest income rose to ISK 11,896 million in 2025, an increase of ISK 2,215 million or 22.9% from ISK 9,681 million in 2024 [6]. - Net fee and commission income increased to ISK 6,291 million in 2025, up by ISK 155 million or 2.5% from ISK 6,137 million in 2024 [6]. - Administrative expenses rose to ISK 12,074 million in 2025, an increase of ISK 1,466 million or 13.8% from ISK 10,608 million in 2024 [6]. Balance Sheet Highlights - Customer deposits increased to ISK 173 billion at year-end 2025, up by 5.8% from ISK 163 billion at year-end 2024 [7]. - Loans to customers surged to ISK 208 billion at year-end 2025, a significant increase of 38.2% from ISK 150 billion at year-end 2024 [7]. - Total assets decreased to ISK 343 billion at year-end 2025, down from ISK 355 billion at year-end 2024 [7]. - Total equity decreased to ISK 69 billion at year-end 2025, down from ISK 90 billion at year-end 2024 [7]. - The capital adequacy ratio improved to 26.8% at year-end 2025, compared to 22.8% at year-end 2024 [7]. - The total liquidity coverage ratio was 404% at year-end 2025, up from 360% at year-end 2024 [7]. Dividend and Shareholder Returns - The Board of Directors proposed a dividend of 0.36 ISK per share for a total of ISK 1,566 million, representing 25% of profit after tax for 2025 [8]. - Kvika returned ISK 27 billion to shareholders in the form of dividends and share buybacks following the sale of TM Insurance, marking the largest capital return in its history [12]. - The company has the capacity to return up to ISK 15 billion to shareholders in 2026 through dividends or buybacks without compromising growth ambitions [12]. Strategic Initiatives - The bank launched a new mortgage product under the Auður brand and celebrated its 10-year anniversary in its current form in 2025 [11]. - Kvika issued its inaugural euro-denominated bond and successfully led the offering of the government's remaining stake in Íslandsbanki [11]. - The merger process with Arion Bank is ongoing, with discussions with competition authorities progressing well [12].

The Board of Directors of Kvika banki hf. is set to approve the financial statements of the Group for the year 2025 at a board meeting on Wednesday 11 February. The financial statements will subsequently be published after the domestic market has closed. A meeting to present the results to shareholders and market participants will be held the next day, at 08:30 on Thursday 12 February, at the bank's headquarters on the 9th floor at Katrínartún 2, where Ármann Þorvaldsson, CEO of Kvika, and Eiríkur Magnús Je ...

Kvika bank has appointed Anna Rut Ágústsdóttir as the Bank’s Deputy CEO. Anna Rut will assume this role alongside her current position as Managing Director of the Bank’s Operations and Development division, thereby supporting continued leadership and the execution of the Bank’s strategic initiatives. Anna Rut has worked within the Kvika Group since the Bank’s establishment in 2015 and with its predecessor since 2007. She has extensive experience of the Bank’s operations and has held a wide range of roles wi ...

Group 1 - Kvika banki hf. has submitted a request to the Financial Supervisory Authority for authorization to repurchase additional own shares amounting to ISK 631,548,500 and to reduce its share capital [1] - The total planned share buybacks by Kvika will amount to ISK 1,756,756,000, which includes the previously announced buyback of ISK 1,125,207,500 that was suspended [1] - Kvika and Arion banki hf. have signed an addendum to their letter of intent, ensuring that their respective share buybacks will not affect the agreed exchange ratios related to their proposed merger [2] Group 2 - The arrangement between Kvika and Arion follows the implementation of the EU's CRR III Regulation, which introduces significant changes to capital requirements for financial institutions [2] - Preliminary discussions between Kvika and Arion with the Competition Authority are progressing well and will continue into the new year [3] - Further updates on the discussions will be provided in accordance with statutory disclosure requirements [3]

Financial Calendar - Kvika banki hf. plans to publish its fourth quarter and year-end results for 2025 on February 11, 2026 [1] - The Annual General Meeting is scheduled for March 18, 2026 [1] - First quarter results for 2026 will be released on May 12, 2026 [1] - Second quarter results for 2026 are set for August 12, 2026 [1] - Third quarter results for 2026 will be published on November 4, 2026 [1] - The fourth quarter and year-end results for 2026 are expected to be released on February 10, 2027 [1] - All financial information will be disclosed after market close, and the dates are subject to change [1]

Core Insights - Kvika banki hf. reported strong financial performance for Q3 2025, with profit before tax increasing by 8.6% year-over-year to ISK 1,969 million [5] - The bank's net interest income rose significantly by 21.6% to ISK 2,953 million, reflecting a robust net interest margin of 4.0% [5] - Despite challenges in Iceland's securities markets affecting fee income, the bank's overall operations remain strong, particularly in the UK market [9][10] Financial Performance - Profit before tax for Q3 2025 was ISK 1,969 million, up from ISK 1,813 million in Q3 2024, marking an increase of ISK 156 million [5] - Post-tax profit from continuing operations was ISK 1,472 million, a 5.3% increase from ISK 1,398 million in Q3 2024 [5] - Total assets at the end of Q3 2025 were ISK 353 billion, slightly down from ISK 355 billion at year-end 2024 [5] Key Balance Sheet Figures - Customer deposits increased by 9.2% to ISK 178 billion compared to ISK 163 billion at year-end 2024 [5] - Loans to customers surged by 30.7% to ISK 196 billion from ISK 150 billion at year-end 2024 [5] - The capital adequacy ratio (CAR) improved to 23.0% at the end of Q3 2025, up from 22.8% at year-end 2024 [5] Operational Highlights - The bank's liquidity coverage ratio (LCR) was exceptionally high at 659% at the end of Q3 2025, compared to 360% at year-end 2024 [5] - Earnings per share for Q3 2025 were ISK 0.33, an increase from ISK 0.30 in Q3 2024 [5] - The bank's operations in the UK achieved a record profit of ISK 563 million in Q3 2025 [9] Strategic Outlook - The merger process with Arion Bank is progressing, with due diligence nearing completion and discussions with the Icelandic Competition Authority underway [12] - The bank remains focused on its core operations and aims to create long-term value for shareholders and customers [12]

Group 1 - The Board of Directors of Kvika banki hf. will approve the financial statements for Q3 and the first nine months of 2025 on November 5 [1] - The financial statements will be published after the domestic market closes [1] - A meeting to present the results to shareholders and market participants is scheduled for November 6 at 08:30 [2] Group 2 - The presentation will be held at the bank's headquarters and will be streamed live in Icelandic [2] - A recording of the meeting with English subtitles will be available on Kvika's website later [2] - Participants can send questions via email before or during the meeting [3]