Core Viewpoint - OP Mortgage Bank has maintained a stable financial standing with a strong capital base and continues to issue covered bonds to support its cooperative banks, despite regulatory changes affecting its capital ratios [5][8][43]. Financial Standing - Bonds issued by OP Mortgage Bank totaled EUR 14,800 million at the end of December, with all funds intermediated to 54 OP cooperative banks as intermediary loans [2]. - Operating profit for the year was EUR 4.8 million, showing a slight increase from EUR 4.4 million in the previous year [5]. - The Common Equity Tier 1 (CET1) ratio decreased to 378.0% from 797.0% due to an increase in total risk exposure amount following regulatory changes [8][13]. Capital Adequacy and Risk Exposure - OP Mortgage Bank's CET1 capital stood at EUR 364,657 million, fully covering its capital requirements [11][9]. - The total risk exposure amount increased significantly to EUR 96,465 million from EUR 45,755 million, primarily due to changes in the calculation of credit and operational risks [12]. - The bank's MREL ratio was 378% of the total risk exposure amount, indicating a strong buffer above the required levels [17]. Covered Bonds and Collateralization - The EMTCB program established a total of EUR 25 billion, with EUR 7,250 million in covered bonds issued, and a cover pool of EUR 8,054 million in loans serving as collateral [6]. - OP Mortgage Bank issued a fixed-rate covered bond of EUR 1 billion in April 2025, with proceeds intermediated to 38 OP cooperative banks [4]. Sustainability and Corporate Responsibility - OP Pohjola's sustainability efforts are guided by a program updated at the end of 2025, focusing on climate, communities, and corporate governance [28]. - The bank has committed to various international initiatives, including the UN Global Compact and the Principles for Responsible Banking [29]. Personnel and Governance - At the end of the reporting period, OP Mortgage Bank had six employees, with key support services digitized and sourced from OP Cooperative [34][35]. - The governing body includes a Chair and several members from OP Cooperative and OP Corporate Bank, ensuring strong oversight [36].

At the end of 2025, LHV Group’s deposit and loan portfolio volumes both demonstrated very strong growth. In 2025, LHV Group’s revenue dynamics were influenced by changes in the interest rate environment throughout the year, which put pressure on interest income, while strong competition in the deposit market increased interest expenses. Strong growth in customer activity and fee and commission income helped to partially offset the decline in net interest income. In Q4, net interest income already showed gro ...

Core Insights - OP Corporate Bank plc reported an operating profit of €140 million for Q1 2025, a 24.9% increase from €112 million in Q1 2024 [2][4] - Total income rose by 9.6% to €215 million compared to €196 million in the previous year [2][4] - The bank's CET1 ratio stood at 13.9%, exceeding the minimum regulatory requirement by 5.1 percentage points [4] Financial Performance - Operating profit by segment: Corporate Banking and Capital Markets at €86 million (up 7.1%), Asset and Sales Finance Services and Payment Transfers at €49 million (up 30.1%), and Baltics at €9 million (down 5.4%) [2][4] - Total expenses increased by 2.5% to €73 million, while the cost/income ratio improved to 34.1% from 36.5% [2][4] - The loan portfolio grew by 1.4% to €28.2 billion, and the deposit portfolio surged by 20.9% to €16.0 billion [4][5] Income Statement Highlights - Net interest income remained stable at €157 million, while investment income increased significantly to €24 million from €9 million [4] - Net commissions and fees decreased by 14% to €17 million [4] - Impairment loss on receivables decreased to €1 million from €12 million [4] Governance and Management - The Annual General Meeting re-elected Timo Ritakallio as Chair of the Board and appointed new board members [7][8] - PricewaterhouseCoopers Oy was elected as the auditor for the financial year 2025 [8] Economic Outlook - The global economic outlook has weakened, with expectations of slower growth in the Finnish economy [10] - Increased tariffs and geopolitical crises may impact capital markets and the economic environment for OP Corporate Bank and its customers [10]

Core Insights - Valley National Bancorp reported a net income of $106.1 million for Q1 2025, a decrease from $115.7 million in Q4 2024 but an increase from $96.3 million in Q1 2024, with diluted earnings per share remaining stable at $0.18 [1][25] - The adjusted net income for Q1 2025 was $106.1 million, compared to $75.7 million in Q4 2024 and $99.4 million in Q1 2024 [1][25] Financial Performance - Net interest income for Q1 2025 was $421.4 million, a decrease of $2.9 million from Q4 2024 but an increase of $26.5 million from Q1 2024 [3][5] - The net interest margin increased by 4 basis points to 2.96% in Q1 2025 compared to 2.92% in Q4 2024 [3][6] - Non-interest income rose by $7.1 million to $58.3 million in Q1 2025, driven by net gains on loan sales [8] Loan Portfolio - Total loans decreased by $142.6 million, or 1.2% annualized, to $48.7 billion as of March 31, 2025, primarily due to normal repayment activity [3][9] - Commercial and industrial loans increased by $218.8 million, or 8.8% annualized, to $10.2 billion, while automobile loans grew by $140.2 million, or 29.5% annualized, to $2.0 billion [9] Credit Quality - The provision for loan losses was $62.7 million in Q1 2025, down from $107.0 million in Q4 2024, indicating improved credit quality [12][16] - Non-accrual loans decreased to $346.5 million, or 0.71% of total loans, from $359.5 million, or 0.74%, at the end of Q4 2024 [12][13] Deposits - Total deposits decreased by $110.0 million to $50.0 billion as of March 31, 2025, largely due to a $726.5 million decrease in indirect customer deposits [4][10] - Non-interest bearing deposits increased by $199.9 million to $11.6 billion, reflecting higher inflows from commercial customers [4][10] Capital Adequacy - Valley's total risk-based capital ratio was 13.91% as of March 31, 2025, slightly up from 13.87% at the end of Q4 2024 [17]