Arion banki hf. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 10:27 pm IST
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Arion banki hf. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was ISK 10,918 million compared to ISK 10,357 million a year ago. Net income was ISK 6,136 million compared to ISK 5,014 million a year ago. Basic earnings per share from continuing operations was ISK 4.18 compared to ISK 3.36 a year ago. Diluted earnings per share from continuing operations was ISK 3.95 compared to ISK 3.18 a year ago. Basic earnings per share was ISK 4.19 compared to ISK 3.35 a year ago. Diluted earnings per share was ISK 3.96 compared to ISK 3.17 a year ago.
For the nine months, net interest income was ISK 33,338 million compared to ISK 29,578 million a year ago. Net income was ISK 19,502 million compared to ISK 20,986 million a year ago. Basic earnings per share from continuing operations was ISK 13.38 compared to ISK 9.39 a year ago. Diluted earnings per share from continuing operations was ISK 12.64 compared to ISK 8.89 a year ago. Basic earnings per share was ISK 13.4 compared to ISK 14 a year ago.
Arion banki hf (the Bank) is an Iceland-based financial institution that provides individuals, corporations and institutional investors with banking services. The Bank reports six operating segments: Asset Management, which comprises institutional asset management, private banking, investment services and pension fund administration; Corporate Banking that provides a full range of lending products, deposit accounts, payment solutions and value-added electronic corporate solutions; Investment Banking, which includes such services as buying and selling of companies, advice on financial decisions undertaken by companies and investors, as well as buying and selling of securities; Retail Banking that provides such services as deposits and loans, savings, payment cards, pension savings, insurance, securities and funds; Treasury that is responsible for the Bankâs liquidity, currency and interest rate management, and Subsidiaries and other divisions, including Valitor Holding hf, among others.