Financial Ratios AS LHV Group

Equities

LHV1T

EE3100102203

Banks

Delayed Nasdaq Tallinn Other stock markets 09:21:11 2026-03-11 am EDT			5-day change	1st Jan Change
3.600 ^EUR	+1.12%		-0.69%	+0.70%

Mar. 03	AS LHV Group Proposes Dividend Distribution for the Financial Year 2025, Payable on 15 April 2026	CI
Feb. 12	AS LHV Group Provides Earnings Guidance for the Year 2026, 2027, 2028, 2029 and 2030	CI

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Published financial data: AS LHV GROUP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest Income On Loans	125M	152M	337M	444M	408M
Interest Income On Investments	-	-	-	-	10.97M
Interest Income, Total	125M	152M	337M	444M	419M
Interest On Deposits	27.32M	23.3M	82.8M	170M	184M
Interest Expense, Total	27.32M	23.3M	82.8M	170M	184M
Net Interest Income	97.32M	129M	254M	273M	235M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	-924K	-2.01M	-728K	803K	4.2M
Total Other Non Interest Income	43.99M	46.44M	57.37M	64.17M	65.54M
Non Interest Income, Total	43.06M	44.43M	56.64M	64.97M	69.74M
Revenues Before Provison For Loan Losses	140M	174M	310M	338M	305M
Provision For Loan Losses	3.95M	3M	11.55M	16.26M	1.52M
Total Revenues	136M	171M	299M	322M	303M
Salaries And Other Employee Benefits	28.59M	42.13M	60.89M	75.51M	84.01M
Selling General & Admin Expenses, Total	36.6M	47.5M	73.43M	71.41M	75.3M
(Income) Loss on Equity Invest.	-	-	-	-	-
Total Other Non Interest Expense	-	5.06M	-9K	-	-
Non Interest Expense, Total	65.18M	94.69M	134M	147M	159M
EBT, Excl. Unusual Items	71.25M	75.85M	165M	175M	144M
Total Merger & Related Restructuring Charges	-	-	-	-	-
EBT, Incl. Unusual Items	71.25M	75.85M	165M	175M	144M
Income Tax Expense	10.99M	14.42M	23.66M	24.82M	27.01M
Earnings From Continuing Operations	60.26M	61.43M	141M	150M	117M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	60.26M	61.43M	141M	150M	117M
Minority Interest	-2M	-1.62M	-1.34M	-1.34M	-2.74M
Net Income - (IS)	58.26M	59.81M	140M	149M	114M
Preferred Dividend and Other Adjustments	-	-	-	-1M	-
Net Income to Common Incl Extra Items	58.26M	59.81M	140M	150M	114M
Net Income to Common Excl. Extra Items	58.26M	59.81M	140M	150M	114M
Per Share Items
Net EPS - Basic	0.2	0.19	0.44	0.46	0.35
Basic EPS - Continuing Operations	0.2	0.19	0.44	0.46	0.35
Basic Weighted Average Shares Outstanding	292M	311M	319M	323M	327M
Net EPS - Diluted	0.19	0.19	0.43	0.45	0.34
Diluted EPS - Continuing Operations	0.19	0.19	0.43	0.45	0.34
Diluted Weighted Average Shares Outstanding	300M	318M	324M	329M	333M
Normalized Basic EPS	0.15	0.15	0.32	0.33	0.27
Normalized Diluted EPS	0.14	0.14	0.31	0.33	0.26
Dividend Per Share	0.04	0.04	0.13	0.09	0.17
Payout Ratio	14.35	19.97	9.04	27.91	25.53
Supplemental Items
Effective Tax Rate - (Ratio)	15.42	19.01	14.37	14.17	18.75
Normalized Net Income	42.53M	45.78M	102M	108M	87.27M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	2.73M	4.66M	5.58M	6.81M	6.96M
Total Stock-Based Compensation	2.73M	4.66M	5.58M	6.81M	6.96M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	3.93B	2.43B	3.06B	3.75B	4.31B
Investment Securities, Total	5.24M	365M	323M	285M	379M
Trading Asset Securities, Total	136M	9.35M	18.45M	26.27M	24.93M
Total investments	141M	375M	341M	311M	404M
Gross Loans	2.7B	3.25B	3.64B	4.6B	5.52B
Allowance For Loan Losses	-19.05M	-20.64M	-29.72M	-39.81M	-41.7M
Other Adjustments to Gross Loans	-	-	-	-	-
Net Loans	2.68B	3.23B	3.61B	4.56B	5.48B
Gross Property Plant And Equipment	-	27.98M	40.23M	41.09M	36.36M
Accumulated Depreciation	-	-11.12M	-18.12M	-22.89M	-24.55M
Net Property Plant And Equipment	8.47M	16.86M	22.11M	18.21M	11.8M
Goodwill	3.61M	10.75M	9.15M	9.15M	7.55M
Other Intangibles, Total	3.76M	6.42M	6.83M	7.2M	5.9M
Other Receivables	9.75M	-	1.85M	1M	515K
Restricted Cash	57.3M	48.69M	55.9M	63.24M	-
Other Current Assets, Total	3.47M	6.78M	8.18M	6.56M	6.53M
Other Real Estate Owned And Foreclosed	-	-	-	-	-
Deferred Charges Long-Term	8.06M	7.44M	7.02M	6.84M	6.25M
Other Long-Term Assets, Total	2.24M	124K	273K	2.41M	801K
Total Assets	6.84B	6.14B	7.13B	8.74B	10.23B
Liabilities
Accounts Payable, Total	2.78M	1.94M	2.13M	4.96M	1.5M
Accrued Expenses, Total	2.54M	3.46M	51.78M	6.18M	7.04M
Interest Bearing Deposits	5.81B	4.9B	5.71B	6.91B	8.13B
Total Deposits	5.81B	4.9B	5.71B	6.91B	8.13B
Short-Term Borrowings	157K	3.85M	1.84M	24K	1.28M
Current Portion of Long-Term Debt	-	-	-	284M	150M
Current Portion of Leases	3.35M	6.77M	13.42M	10.12M	6.46M
Long-Term Debt	660M	719M	690M	770M	1.1B
Current Income Taxes Payable	2.21M	3.09M	10.63M	12.92M	5.97M
Accrued Interest Payable	-3.79M	-1.46M	24.88M	-	-
Other Current Liabilities - (Bank / Utility Template)	43.39M	75.98M	66.27M	35.12M	38.44M
Other Non Current Liabilities	1.1M	1.23M	1.77M	24.28M	20.1M
Total Liabilities	6.52B	5.71B	6.57B	8.06B	9.47B
Common Stock, Total	29.86M	31.54M	31.98M	32.42M	32.79M
Additional Paid In Capital	97.36M	141M	143M	147M	155M
Retained Earnings	184M	235M	364M	474M	567M
Treasury Stock	-	-	-	-	-7.27M
Comprehensive Income and Other	4.73M	5.68M	9.33M	16.27M	10.5M
Total Common Equity	316M	413M	548M	670M	758M
Minority Interest	8.38M	7.91M	7.94M	8.57M	9.28M
Total Equity	325M	421M	556M	679M	767M
Total Liabilities And Equity	6.84B	6.14B	7.13B	8.74B	10.23B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	299M	315M	320M	324M	326M
ECS Total Common Shares Outstanding	299M	315M	320M	324M	326M
Book Value / Share	1.06	1.31	1.71	2.07	2.33
Tangible Book Value	309M	396M	532M	654M	744M
Tangible Book Value Per Share	1.03	1.25	1.66	2.02	2.29
Average Assets	-	-	-	-	-
Total Debt	663M	730M	706M	1.06B	1.26B
Deposits at Interest - Cash	-	-	-	41.75M	41.53M
Net Debt	-3.4B	-1.71B	-2.37B	-2.72B	-3.08B
Full Time Employees	652	898	1.09K	1.23K	1.24K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	58.26M	59.81M	140M	149M	114M
Depreciation, Depletion & Amortization	1.64M	3.88M	8.7M	4.77M	7.07M
Amortization of Goodwill and Intangible Assets - (CF)	2.61M	1.99M	3.43M	3.84M	3.3M
Total Depreciation, Depletion & Amortization	4.25M	5.88M	12.12M	8.61M	10.38M
Amortization of Deferred Charges, Total	3.96M	1.5M	1.3M	1.33M	1.14M
Change in Trading Asset Securities	-140K	-35K	-6.54M	-7.02M	2.89M
Change in Other Net Operating Assets (Collected)	-483M	-467M	-479M	-645M	-935M
Other Operating Activities	8.34M	18.7M	27.82M	53.34M	16.02M
Net Cash From Discontinued Operations	-	-	-	-	-
Cash from Operations	-409M	-381M	-304M	-440M	-791M
Capital Expenditure	-6.69M	-11.3M	-16.9M	-1.21M	-79K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-7.97M	-	-	-
Divestitures	-	-	-	-	-
Purchase / Sale of Intangible Assets	-	-	-	-4.42M	-2.61M
Investment in Marketable and Equity Securities, Total	188M	-237M	41.06M	-	-
Other Investing Activities, Total	-	-	-	-1.62M	-8K
Cash from Investing	181M	-256M	24.16M	-7.25M	-2.7M
Long-Term Debt Issued, Total	139M	20.26M	153M	20M	130M
Total Debt Issued	139M	20.26M	153M	20M	130M
Long-Term Debt Repaid, Total	-41.25M	-1.42M	-41.94M	-22.11M	-53.52M
Total Debt Repaid	-41.25M	-1.42M	-41.94M	-22.11M	-53.52M
Issuance of Common Stock	26.94M	45.5M	2.63M	4.02M	8M
Repurchase of Common Stock	-	-	-	-	-7.27M
Common Dividends Paid	-8.36M	-11.95M	-12.62M	-41.58M	-29.18M
Common & Preferred Stock Dividends Paid	-8.36M	-11.95M	-12.62M	-41.58M	-29.18M
Net Increase (Decrease) in Deposit Accounts - (CF)	1.69B	-909M	806M	1.17B	1.27B
Other Financing Activities, Total	-2.1M	-2.1M	-1.22M	-700K	-2.03M
Cash from Financing	1.81B	-859M	907M	1.12B	1.31B
Foreign Exchange Rate Adjustments	66K	-441K	1.55M	14.48M	-23.17M
Net Change in Cash	1.58B	-1.5B	628M	692M	495M
Supplemental Items
Cash Interest Paid	29.89M	21.16M	57.07M	145M	181M
Cash Income Tax Paid (Refund)	10.8M	12.73M	23.66M	24.43M	25.17M
Net Debt Issued / Repaid	98.13M	18.84M	111M	-2.11M	76.48M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.02	0.95	2.13	1.9	1.23
Return On Equity %	21.14	16.48	28.84	24.34	16.18
Return on Common Equity	21.06	16.4	29.04	24.61	16
Shareholders Value Added	27.68M	18.04M	85.35M	79.7M	31.89M
Margin Analysis
SG&A Margin	47.78	52.56	44.94	45.62	52.52
Net Interest Income / Total Revenues %	71.33	75.7	84.91	84.87	77.51
EBT Excl. Non-Recurring Items Margin %	52.22	44.48	55.07	54.38	47.48
Income From Continuing Operations Margin %	44.17	36.02	47.15	46.67	38.57
Net Income Margin %	42.7	35.07	46.7	46.26	37.67
Net Avail. For Common Margin %	42.7	35.07	46.7	46.57	37.67
Normalized Net Income Margin	31.17	26.85	33.97	33.57	28.77
Asset quality
Nonperforming Loans / Total Loans %	0.59	0.23	0.65	0.82	1.62
Nonperforming Loans / Total Assets %	0.23	0.12	0.33	0.43	0.87
Nonperforming Assets / Total Assets %	0.23	0.12	0.33	0.43	0.87
NPAs / Loans and OREO	0.59	0.23	0.65	0.82	1.62
NPAs / Equity	4.92	1.77	4.23	5.55	11.64
Allowance for Credit Losses / Nonperforming Loans %	119.32	276.41	126.34	105.76	46.71
Allowance for Credit Losses / Total Loans %	0.71	0.64	0.82	0.87	0.76
Interest Income / Average Assets	-	-	-	-	-
Interest Expense / Average Assets	-	-	-	-	-
Net Interest Income / Average Assets	-	-	-	-	-
Non Interest Income / Average Assets	-	-	-	-	-
Non Interest Expense / Average Asset	-	-	-	-	-
Capital And Funding
Total Average Common Equity / Total Average Assets %	4.68	5.62	7.25	7.7	7.53
Total Average Equity / Total Average Assets %	4.82	5.74	7.37	7.8	7.62
Total Equity + Allowance for Loan Losses / Total Loans %	12.44	13.34	15.88	15.44	14.49
Gross Loans / Total Deposits %	46.42	66.33	63.81	66.52	67.85
Net Loans / Total Deposits %	46.09	65.91	63.29	65.94	67.34
Tier 1 Capital Ratio %	15.13	17.51	19.17	17.96	19.27
Total Capital Ratio %	19.02	20.8	21.93	20.68	22.85
Core Tier 1 Capital Ratio	13.32	15.09	17.01	16.89	17.42
Tier 2 Capital Ratio	3.89	3.29	2.75	2.73	3.58
Coverage Ratio	119.32	276.41	126.34	105.76	46.71
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	3.61	4.26	2.99	2.03	1.78
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	42.09	32.67	96.59	7.69	-13.99
Non Interest Income, 1 Yr. Growth %	22.85	3.18	27.47	25.73	7.33
Provision For Loan Losses, 1 Yr. Growth %	-63.77	-24.11	285.45	40.77	-90.66
Total Revenues, 1 Yr. Growth %	47.26	25	75.27	9.56	-5.81
Earnings From Cont. Operations, 1 Yr. Growth %	51.24	1.94	129.42	6.65	-22.15
Net Income, 1 Yr. Growth %	53.52	2.66	133.42	6.71	-23.3
Normalized Net Income, 1 Yr. Growth %	49.1	7.65	121.78	6.48	-19.28
Diluted EPS Before Extra, 1 Yr. Growth %	50.39	0	126.32	4.65	-24.44
Dividend Per Share, 1 Yr. Growth %	37.93	0	225	-30.77	88.89
Gross Loans, 1 Yr. Growth %	21.14	20.11	12.02	27.28	20.08
Allowance For Loan Losses, 1 Yr. Growth %	13	8.36	44	33.94	4.74
Net Loans, 1 Yr. Growth %	21.2	20.2	11.82	27.22	20.21
Non Performing Loans, 1 Yr. Growth %	26	-53.22	215.05	60	137.13
Non Performing Assets, 1 Yr. Growth %	26	-53.22	215.05	60	137.13
Total Assets, 1 Yr. Growth %	37.69	-10.37	16.15	23.17	17.13
Total Deposits, 1 Yr Growth %	41.04	-15.65	16.46	20.57	17.72
Tangible Book Value, 1 Yr. Growth %	34.77	28.07	34.53	22.78	13.88
Average Interest Earning Assets, 1 Yr. Growth %	-	-	-	-	-
Common Equity, 1 Yr. Growth %	33.63	30.51	32.81	22.18	13.1
Total Equity, 1 Yr. Growth %	32.42	29.57	32.2	21.98	13.04
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	43.31	37.3	61.5	45.5	-3.76
Non Interest Income, 2 Yr. CAGR %	27.64	12.59	14.68	20.93	16.17
Provision For Loan Losses, 2 Yr. CAGR %	10.9	-47.57	71.03	132.94	-63.74
Total Revenues, 2 Yr. CAGR %	39.01	35.68	48.02	37.42	1.58
Earnings From Cont. Operations, 2 Yr. CAGR %	49.14	24.17	52.93	56.42	-8.89
Net Income, 2 Yr. CAGR %	53.28	25.54	54.8	57.82	-9.53
Normalized Net Income, 2 Yr. CAGR %	56.82	26.69	54.52	53.67	-7.29
Diluted EPS Before Extra, 2 Yr. CAGR %	47.64	21.36	50.44	53.9	-11.08
Dividend Per Share, 2 Yr. CAGR %	45.1	17.44	80.28	50	14.35
Gross Loans, 2 Yr. CAGR %	25.92	20.84	16	18.92	23.62
Allowance For Loan Losses, 2 Yr. CAGR %	76.66	10.66	24.92	38.88	18.45
Net Loans, 2 Yr. CAGR %	25.97	20.92	15.93	18.78	23.66
Non Performing Loans, 2 Yr. CAGR %	215.19	-23.23	21.4	124.52	94.79
Non Performing Assets, 2 Yr. CAGR %	215.19	-23.23	21.4	124.52	94.79
Total Assets, 2 Yr. CAGR %	50.25	11.09	2.03	19.33	20.11
Total Deposits, 2 Yr CAGR %	46.73	9.07	-0.89	18.76	19.14
Tangible Book Value, 2 Yr. CAGR %	26.34	31.38	31.26	28.52	18.24
Average Interest Earning Assets, 2 Yr. CAGR %	-	-	-	-	-
Common Equity, 2 Yr. CAGR %	25.53	32.06	31.65	27.39	17.56
Total Equity, 2 Yr. CAGR %	25.56	30.99	30.88	26.99	17.43
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	36.64	39.67	54.75	41.09	22.11
Non Interest Income, 3 Yr. CAGR %	17.79	18.9	17.35	14.7	16.21
Provision For Loan Losses, 3 Yr. CAGR %	-6.81	-2.27	1.95	60.28	-20.28
Total Revenues, 3 Yr. CAGR %	31.78	34.17	47.76	33.15	21.16
Earnings From Cont. Operations, 3 Yr. CAGR %	36.17	31.38	52.36	35.61	23.96
Net Income, 3 Yr. CAGR %	32.16	34.11	54.37	36.74	24.08
Normalized Net Income, 3 Yr. CAGR %	40.84	38.34	52.69	36.48	23.99
Diluted EPS Before Extra, 3 Yr. CAGR %	32.71	28.76	49.38	33.3	21.41
Dividend Per Share, 3 Yr. CAGR %	23.96	28.16	64.89	31.04	61.98
Gross Loans, 3 Yr. CAGR %	42.42	24.11	17.83	19.32	19.31
Allowance For Loan Losses, 3 Yr. CAGR %	22.84	50.1	20.81	27.85	26.42
Net Loans, 3 Yr. CAGR %	42.83	24.17	17.81	19.25	19.26
Non Performing Loans, 3 Yr. CAGR %	7.49	66.88	22.91	33.1	128.65
Non Performing Assets, 3 Yr. CAGR %	7.49	66.88	22.91	33.1	128.65
Total Assets, 3 Yr. CAGR %	59.81	26.48	12.75	8.47	18.59
Total Deposits, 3 Yr CAGR %	59.86	22	11.48	5.96	18.41
Tangible Book Value, 3 Yr. CAGR %	30.51	26.91	32.42	28.37	23.44
Average Interest Earning Assets, 3 Yr. CAGR %	-	-	-	-	-
Common Equity, 3 Yr. CAGR %	27.23	27.16	32.31	28.42	22.44
Total Equity, 3 Yr. CAGR %	27.21	26.88	31.39	27.84	22.16
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	26.56	33.58	46.08	41.97	27.97
Non Interest Income, 5 Yr. CAGR %	15.91	15.28	16.54	19.71	14.75
Provision For Loan Losses, 5 Yr. CAGR %	21.68	-3.52	18.81	38.33	-32.58
Total Revenues, 5 Yr. CAGR %	22.69	28.54	38.05	35.46	26.77
Earnings From Cont. Operations, 5 Yr. CAGR %	24.82	24.85	42.64	40.87	24.04
Net Income, 5 Yr. CAGR %	26.74	24.99	40.79	43.13	24.66
Normalized Net Income, 5 Yr. CAGR %	32.19	33.8	46.16	44.28	25.06
Diluted EPS Before Extra, 5 Yr. CAGR %	22.61	22.81	38.96	38.28	21.39
Dividend Per Share, 5 Yr. CAGR %	21.67	20.11	43.99	36.49	42.43
Gross Loans, 5 Yr. CAGR %	37.6	34.33	31.29	22.01	19.92
Allowance For Loan Losses, 5 Yr. CAGR %	27.11	20.5	23.67	45.51	19.86
Net Loans, 5 Yr. CAGR %	37.86	34.56	31.49	21.99	19.92
Non Performing Loans, 5 Yr. CAGR %	21.21	-16.72	12.85	87.9	47.77
Non Performing Assets, 5 Yr. CAGR %	21.12	-16.74	12.85	87.9	47.77
Total Assets, 5 Yr. CAGR %	48.89	28.18	33.55	23.57	15.53
Total Deposits, 5 Yr CAGR %	49.56	26.1	32.04	20.69	14.58
Tangible Book Value, 5 Yr. CAGR %	26.8	28.69	30.81	27.55	26.56
Common Equity, 5 Yr. CAGR %	25.31	28.03	28.98	27.25	26.2
Total Equity, 5 Yr. CAGR %	24.7	26.89	28.67	26.92	25.62