LHV Group Q2 FY26 net profit drops 20% year-on-year to EUR 24.7 million

Reuters2026/07/21 05:04

By:Reuters

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LHV Group Q2 2026 net profit climbed 25% quarter-on-quarter to EUR 24.7 million, but fell 20% year-on-year.
Total net income rose 7% quarter-on-quarter to EUR 79 million, led by net interest income up 5% to EUR 62.48 million.
Loan impairment charges widened to EUR 5.8 million; total operating expenses eased 4% quarter-on-quarter to EUR 43.59 million.
Total assets slipped 3% from March to EUR 9.65 billion; loans grew 3% to EUR 5.77 billion while deposits dropped 3% to EUR 7.56 billion.
CEO Mihkel Torim flagged cloud migration completion, a shift to a product-led organization, and a MiCA crypto-asset license for EU-wide services.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LHV Group AS published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607210100OMX_____CNEWS_EN_GNW1001213622_en) on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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LHV Group Q2 FY26 net profit drops 20% year-on-year to EUR 24.7 million

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