In the first half of 2025, Landsbankinn reported a profit of ISK 18.3 billion, with ISK 10.4 billion in the second quarter. The annualised ROE was 11.5%, and net interest income was ISK 32.5 billion. TM’s performance in the same period included ISK 925 million from insurance contracts. The Bank’s credit rating was upgraded to A- by S&P Global Ratings.

CEO Lilja Björk Einarsdóttir highlighted the bank’s solid position and strong results in the face of market volatility. Landsbankinn saw a slowdown in mortgage lending but growth in corporate lending and deposits. The integration of TM into the bank is progressing well, with a focus on increasing market share in the insurance sector. Landsbankinn recently advertised the sale of a historic building.

The Bank’s financial calendar includes the Q3 2025 results on October 23 and the annual results on January 29, 2026. Landsbankinn issued Additional Tier 1 securities and senior non-preferred bonds, with considerable demand for both. The Bank’s AGM approved a dividend payment to shareholders. The integration of TM into Landsbankinn is moving forward successfully, with organisational changes and a focus on leveraging strengths.

Read more at GlobeNewswire: Landsbankinn’s results for the first half