Kvika, IS0000020469

Kvika stock: After ISK 215.8 million purchase, Kvika stock buyback reaches 2.24 percent

Published on 10/23/2026 at 01:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kvika bought 17,600,000 shares for ISK 215.8 million in week 42. Kvika stock buyback now covers 2.24 percent of issued shares.

Capital allocation and reporting

Kvika bought 17,600,000 shares for ISK 215.8 million on October 19, 2026.
Second-quarter 2026 revenue was ISK 4.48 billion and net income was ISK 906.0 million.
Third-quarter 2026 results are scheduled for November 4, 2026.

Kvika, IS0000020469, Illustration mit AI erstellt.

Kvika banki hf. (IS0000020469) bought 17,600,000 of its own shares for ISK 215.8 million in week 42, according to GlobeNewswire on October 19, 2026. The transaction lifted Kvika's total purchases under the program to 55,395,000 shares, or 1.279 percent of issued stock.

Buyback reaches 2.24 percent

The latest purchases covered six transactions dated October 12, October 13, October 14 and October 16, 2026. Kvika paid ISK 12.15 to ISK 12.35 per share and now holds 97,131,460 own shares, equal to 2.243 percent of issued shares, the company said in the GlobeNewswire release.

The program allows aggregate purchases of up to ISK 1,540.6 million and 165,500,003 shares. It remains authorized until the limit is reached or April 30, 2027, whichever comes first, according to GlobeNewswire.

What does funding add?

Kvika also completed a covered-bond auction on October 13, 2026. Total bids reached ISK 10,120 million, while the bank accepted ISK 5,920 million at a 7.74 percent coupon; the series is planned at ISK 6,420 million, including ISK 500 million retained for own use, according to GlobeNewswire.

Second-quarter numbers set the base

For the quarter ended June 30, 2026, revenue was ISK 4.48 billion, net income was ISK 906.0 million and net margin was 20.2 percent, according to TickerLandia. Those figures give the buyback a financial backdrop ahead of the next reporting date.

Reporting date is November 4

Kvika's next quarterly results are scheduled for November 4, 2026, according to TickerLandia. The company serves businesses, investors and individuals through banking, investment banking, asset management and lending activities in Iceland and the United Kingdom.

Capital allocation remains central

The buyback and covered-bond issue show two distinct capital-allocation decisions in October 2026. For investors, the November results will provide the next reported test of earnings after the second-quarter margin reached 20.2 percent.