OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 12 FEBRUARY 2026 AT 9.00 A.M. EET, FINANCIAL STATEMENTS RELEASEOma Savings Bank Plc’s Financial Statements Release 1 January – 31 December 2025: Commission income increasing, cost growth halted – Q4 comparable profit before taxes EUR 17.2 million This release is a summary of Oma Savings Bank’s (OmaSp) January-December 2025 Financial Statements Release, which can be read from the pdf file attached to this stock exchange release and on the Company’s web pages www.o ...

Group 1: Core Trends in Private Banking - In 2025, private transactional banking is undergoing a significant transition driven by regulatory changes, evolving client needs, and the integration of digital infrastructure into financial services [1][3] - Clients now expect more than just execution; they demand integrated systems, compliance clarity, and infrastructure that supports seamless financial activities across borders [1][3] - Financial institutions that embed compliance, data automation, and service precision are becoming more relevant to clients, with real-time liquidity insights and multi-currency operations being central to their value proposition [3] Group 2: Evolving Client Expectations - Today's investors are not only focused on performance but also seek alignment between their investments and long-term personal or institutional values [4] - There is a noticeable trend among family offices and sustainability-focused clients, leading to the emergence of structured products that prioritize environmental initiatives [5] - The demand for specialized payment infrastructure is increasing to facilitate capital movement from wealth centers to project-based geographies, highlighting the critical role of payment providers [5] Group 3: Digital Infrastructure and Asset Management - Digital expectations are reshaping the infrastructure supporting asset management, with clients increasingly expecting interoperability between digital and fiat finance [6] - Crypto-native institutions are acquiring regulated payment firms to enhance access to compliance tools and settlement capabilities, indicating a shift towards integrated systems for both digital and traditional financial assets [6]

Company Overview - Adyen is a leading fintech company that offers integrated payment services for both online and brick-and-mortar businesses, allowing them to process payments across various regions without relying on intermediaries [2][3] - The company generates over $1 trillion in payment volume annually and has a strong economic moat due to high switching costs for its customers [3] Financial Performance - Adyen has shown consistent revenue and earnings generation, although its stock performance has been stagnant since 2022, with revenue growth slowing and margins dropping at times [3][4] - The company is currently trading at approximately $15 per share, making it an attractive buy for long-term investors [5] Growth Prospects - Despite recent challenges, Adyen has significant growth opportunities, particularly in expanding its presence in the U.S. and targeting niche markets such as large-format retail [4][5] - The company is implementing initiatives to improve revenue growth and margins, which may take time but are expected to benefit patient investors [5]

Core Insights - Visa Inc. is a well-established company with a significant global presence, facilitating money movement for consumers, merchants, banks, and governments worldwide [1] Company Overview - Visa operates as a critical component of the global financial infrastructure, enabling transactions across various platforms and regions [1] Investment Perspective - The analysis focuses on providing objective, data-driven insights, particularly on small- to mid-cap companies, while also considering large-cap firms like Visa to offer a comprehensive view of the equity markets [1]

Financial Performance - U.S. Bancorp reported a revenue of $7.37 billion for the quarter ending December 2025, reflecting a 5.5% increase from the previous year and slightly exceeding the Zacks Consensus Estimate of $7.32 billion, resulting in a positive surprise of 0.58% [5] - The company's earnings per share (EPS) for the quarter were $1.26, representing a significant 24.7% increase from $1.07 in the previous year, aligning with the consensus EPS estimate of $1.19 [2][5] - U.S. Bancorp's net income for the quarter reached $2.04 billion, marking a 22.9% increase from the prior-year quarter [2][5] Annual Performance - For the entire year of 2025, U.S. Bancorp achieved earnings of $4.62 per share, exceeding the consensus estimate of $4.55 [6] - The net income for the year was $7.6 billion, reflecting a 20.2% increase from the previous year, supported by lower expenses, higher non-interest income, and a robust capital position [6] Market Position - U.S. Bancorp is recognized as the fifth-largest lender in the United States, offering a wide range of financial services, including banking, investment, mortgage, and payment services, competing with major banks like JPMorgan Chase, Bank of America, and Wells Fargo [3] - RBC Capital maintained its "Outperform" rating for U.S. Bancorp, raising the price target from $57 to $59, reflecting confidence in the company's financial performance and growth prospects [4]

Core Insights - U.S. Bancorp's fourth-quarter 2025 earnings per share (EPS) of $1.26 exceeded the Zacks Consensus Estimate of $1.19, marking a 24.7% increase from the prior-year quarter [1] - Total revenues for the quarter reached $7.37 billion, reflecting a year-over-year growth of 5.1% and surpassing the Zacks Consensus Estimate by 0.6% [1] Revenue and Income Analysis - The revenue growth was supported by broad-based expansion in fee-generating businesses, with non-interest income rising 7.8% year over year to $3.05 billion, driven by higher payment services revenues, trust and investment management fees, capital markets revenues, mortgage banking revenues, and investment products fees [2][3] - Payment services revenues increased by 3.9% from the fourth quarter of 2024, while trust and investment management fees grew by 7.5% due to business growth and favorable market conditions [4] - Capital markets revenues surged by 17.3% due to higher corporate bond underwriting fees, and mortgage banking revenues rose by 12.1% due to increased gain on sale activity [4] Expense Management - Non-interest expenses decreased by 1.9% year over year to $4.23 billion, attributed to lower compensation and employee benefits expenses, although this was partially offset by higher marketing, technology, and other expenses [7] - The tax-equivalent net interest income (NII) totaled $4.31 billion, up 3.2% from the previous year, primarily due to loan growth and fixed asset repricing, with a net interest margin of 2.77%, expanding by 6 basis points year over year [6] Loan and Deposit Trends - Average total loans increased by 1.3% to $384.3 billion from the previous quarter, while average total deposits rose slightly to $515.1 billion [8] - However, the provision for credit losses in the reported quarter was $577 million, up 3% from the prior-year quarter, indicating potential concerns regarding credit quality [8] Future Outlook - Management anticipates revenue growth, capital markets expansion, and payments innovation to be key drivers for 2026, with the integration of BTIG LLC expected to enhance capital markets capabilities and create cross-selling opportunities [9]

Core Insights - U.S. Bancorp is the fifth-largest lender in the United States, providing a variety of financial services and competing with major institutions like JPMorgan Chase, Bank of America, and Wells Fargo [1] Financial Performance - On January 20, 2026, U.S. Bancorp reported an earnings per share (EPS) of $1.26, exceeding the estimated $1.19, driven by increased net interest income and fee income [2] - The company's revenue reached approximately $7.92 billion, surpassing the estimated $7.32 billion, indicating strong financial performance [2] - The fourth-quarter profit increased by nearly 23%, attributed to higher earnings from interest payments and increased fee revenue, supported by reduced expenses and improved operating efficiency [3] Valuation Metrics - U.S. Bancorp has a price-to-earnings (P/E) ratio of approximately 11.75, a price-to-sales ratio of about 1.98, an enterprise value to sales ratio of around 2.25, and an enterprise value to operating cash flow ratio of approximately 9.66, reflecting its financial health [4] Financial Leverage - The company has a debt-to-equity ratio of approximately 1.23, indicating a balanced approach to financing operations [5] - The current ratio is around 0.12, suggesting potential challenges in covering short-term liabilities with short-term assets [5] - The earnings yield stands at about 8.51%, providing insight into the return on investment for shareholders [5]

Core Insights - The AI-driven bull run of 2023 and 2024 has continued into 2025, with significant interest in old economy stocks from sectors such as industrials, finance, auto, materials, and construction [1][2] Company Summaries Wells Fargo & Co. (WFC) - Wells Fargo has consistently surpassed earnings estimates in the last four quarters, benefiting from the Federal Reserve's removal of a $1.95 trillion asset cap, which allows for growth in deposits, loans, and fee-based services [6][7] - The bank's expected revenue and earnings growth rates for the current year are 5.4% and 11.7%, respectively, with a 0.7% improvement in the Zacks Consensus Estimate for earnings over the last 30 days [8] MasTec Inc. (MTZ) - MasTec is positioned to benefit from a surge in infrastructure spending related to AI data centers and electrification trends, with an expected revenue growth rate of 8.4% and earnings growth rate of 28.3% for the current year [11][13] - The company operates in four segments: Communications, Power Delivery, Pipeline Infrastructure, and Clean Energy and Infrastructure, all of which are experiencing growth due to increased infrastructure spending [12][13] Curtiss-Wright Corp. (CW) - Curtiss-Wright is benefiting from the global shift towards alternative energy, particularly in nuclear power, and has an expected revenue growth rate of 6.9% and earnings growth rate of 11.6% for the current year [14][16] - The company plays a significant role in the construction of new nuclear power plants, which is expected to drive long-term growth in commercial nuclear energy [15] Leidos Holdings Inc. (LDOS) - Leidos Holdings has a solid backlog of $47.66 billion, driven by increased orders from the Pentagon and other U.S. allies, which enhances its revenue-generation prospects [17] - The expected revenue and earnings growth rates for the current year are 3.4% and 4.8%, respectively, with a slight improvement in the Zacks Consensus Estimate for earnings over the last 30 days [19] Parker-Hannifin Corp. (PH) - Parker-Hannifin is experiencing steady demand in both commercial and military markets, with its Aerospace Systems segment revenues increasing approximately 13.3% year over year in the first quarter of fiscal 2026 [20][21] - The expected revenue and earnings growth rates for the current year are 6.1% and 10.6%, respectively, with a minor improvement in the Zacks Consensus Estimate for earnings over the last 30 days [23]

Core Viewpoint - Australian payment firm Airwallex plans to invest approximately 200 million euros ($233.64 million) in its Netherlands operations over the next five years, indicating a significant expansion in Europe [1] Group 1: Investment Details - The investment of 200 million euros is aimed at enhancing Airwallex's operations in the Netherlands [1] - This move represents a strategic effort to strengthen the company's presence in the European market [1] Group 2: Expansion Strategy - The expansion in the Netherlands is part of Airwallex's broader strategy to grow its footprint in Europe [1] - The investment is expected to facilitate the development of new products and services tailored to the European market [1]

Company Overview - PAR Technology Corporation operates in the technology sector, providing integrated software and hardware solutions for commercial and government markets, leveraging a recurring revenue model from cloud-based services and payment processing [5] - The company reported a market capitalization of $1.48 billion and a revenue of $440.45 million for the trailing twelve months (TTM), with a net income of -$84.62 million [4] Financial Performance - PAR Technology's annual recurring revenue (ARR) reached $298.4 million, reflecting a 22% year-over-year increase, with subscription revenue climbing 25% and adjusted EBITDA turning positive at $5.8 million [8] - Despite the growth in recurring revenue, the company reported a GAAP loss of $18.2 million in the last quarter, and its stock price has declined approximately 50% over the past year [9] Market Position - As of the latest filing, PAR Technology's shares were priced at $36.51, significantly underperforming the S&P 500, which increased by about 17% in the same period [3] - The company serves a diverse client base, including restaurant chains, convenience stores, retail operators, and U.S. federal agencies, particularly within the Department of Defense [7] Strategic Insights - PAR Technology is focused on building a larger recurring revenue base, but the stock continues to trade as if execution risks outweigh its growth potential [6] - The exit of Tremblant Capital Group from its position in PAR Technology highlights investor concerns regarding the company's ability to translate ARR scale into sustainable margins [10]