Alternative performance measures included in the regulated information disclosures of Artea Bank and its website allow the users to assess the value of bank‘s shares and operating efficiency:
| Performance measure | Formula and components used for the calculation: | Interpretation |
| Return on average assets (ROAA), % | Net profit for the year / Average total assets | The ratio shows the percentage return the company earns from assets. The higher the ratio, the more efficient use of assets |
| Net profit for the year – presented in the income statement*; | ||
| Average total assets – calculated as a average of the total assets (presented in statement of financial position) for the last four quaters. | ||
| *Note: net profit is converted to annual by multiplying it by a coefficient according to the financial reporting period, i.e. net profit for Q1 is multiplied by 4, net profit for H1 is multiplied by 2, profit for three quarters multiplied by 4/3 | ||
| Return on average equity (ROAE), % | Net profit for the year / Average total equity | The ratio shows the percentage return the company earns from equity. Higher ROAE ratio is considered as better |
| Net profit for the year – presented in the income statement*; | ||
| Average total equity – calculated as a average of the total equity (presented in statement of financial position) for the last four quaters. | ||
| *Note: net profit is converted to annual by multiplying it by a coefficient according to the financial reporting period, i.e. net profit for Q1 is multiplied by 4, net profit for H1 is multiplied by 2, profit for three quarters multiplied by 4/3 | ||
| Cost to income ratio, % | Operating costs / Operating income | The ratio indicates the amount of cost used to earn one euro of income. Lower cost to income ratio is considered as better |
| Operating costs (which is a total of income statement lines): | ||
| + Salaries and related expenses; | ||
| + Depreciation and amortization expenses; | ||
| + Other operating expenses. | ||
| Operating income (which is a total income of income statement lines): | ||
| Cost to income ratio (adjusted due to the impact of the Artea LI clients' portfolio), % | Operating costs (adjusted due to the impact of the Artea LI clients' portfolio) / Operating income (adjusted due to the impact of the Artea LI clients' portfolio) | The indicator shows the cost spent per euro of income, eliminating the impact of Artea LI customer portfolio on both the cost and income side. A lower value of the indicator shows the efficiency / ability of the company to generate higher income. The influence of Artea LI customer portfolio is eliminated because in aggregate it is always zero: the investment result of the assets under unit-linked contracts is identical, only with the opposite sign reflected on the cost side as part of the change in technical insurance provisions. Adding identical amounts to income / expenses, depending on the direction of market changes, significantly distorts the values of the cost-income ratio, this elimination allows better comparison of them in the time entry. |
| Operating costs (which is a total of income statement lines): | ||
| + Salaries and related expenses; | ||
| + Depreciation and amortization expenses; | ||
| + Expenses related to insurance activities; | ||
| + Other operating expenses; | ||
| - Part of the change of the technical insurance provisions that covers the result of investment of assets under unit-linked contracts {presented in the notes of financial statements} | ||
| Operating income (which is a total of income statement lines): | ||
| + Net interest income; | ||
| + Net fee and commission income; | ||
| + Net gain from trading activities; | ||
| + Net gain (loss) from derecognition of financial assets; | ||
| + Net gain (loss) from disposal of tangible assets; | ||
| + Revenue related to insurance activities; | ||
| + Other operating income; | ||
| - Investment result of the insurance company assets under unit-linked contracts {presented in the notes of financial statements} | ||
| Note: this ratio was calculated to provide a more accurate understanding of the dynamics of the cost-to-income ratio by eliminating Artea LI customer portfolio. In the 2025 annual report, the structure of the income statement was changed (presented in Note 29 of the 2025 annual report) - as a result, certain income and expense line items related to insurance activity were reclassified and presented separately within the statement of profit or loss. The change was made to provide a more faithful representation of the nature of the Group’s operations and to improve comparability with market practice. Following the revision of the Income Statement structure at the end of 2025, this indicator lost its relevance and it was decided not to publish it. | ||
| Price to book (P/BV) value ratio | Share price / Book value per share | The ratio indicates the price investors pay for one euro of total equity |
| Share price – presented in Nasdaq Vilnius stock exchange; | ||
| Book value per share – calculated as ratio between total equity (statement of financial position) and number of shares (annual report) | ||
| Price/Earnings (P/E) indicator of the Group | Share price / Earnings per share | The price-earnings ratio indicates the price investors pay for one euro of the company’s earnings |
| Share price – presented in Nasdaq Vilnius stock exchange; | ||
| Earnings per share – presented in the income statement. | ||
| Dividends to net profit, % | Amount of dividends per share / Earnings per share | The ratio indicates the share of company‘s earnings that is distributed in a form of dividends |
| Amount of dividends per share – presented in explanatory notes to the financial statements; | ||
| Earnings per share – presented in the income statement | ||
| Dividend yield, % | Amount of dividends per share / Share price | The ratio indicates level of return that is generated from dividends |
| Amount of dividends per share – presented in explanatory notes to the financial statemets; | ||
| Share price – presented in Nasdaq Vilnius stock exchange. | ||
| Loan to deposit ratio, % | Loans / Deposit | The indicator compares issued loans to accepted deposits, showing the Bank's liquidity. A higher value of the indicator indicates that the Bank is in a higher risk area. |
| Loans – Sum of amounts of loans granted to customers (presented in the statement of financial position); | ||
| Deposits - Due to customers (presented in the statement of financial position) | ||
| Cost of risk (CoR), % | Allowance for impairment losses on loans / Average Loan portfolio | The ratio indicates the loan portfolio's risk. |
| Allowance for impairment losses on loans - sum of allowance for impairment losses on loans (presented in the notes of financial statements) | ||
| Average Loan portfolio – calculated as a average of the total loans (presented in statement of financial position) for the last four quarters | ||
| *Note: Allowance for impairment losses on loans is converted to annual by multiplying it by a coefficient according to the financial reporting period, i.e. net profit for Q1 is multiplied by 4, net profit for H1 is multiplied by 2, profit for three quarters multiplied by 4/3 | ||
| Net Interest Margin (NIM),% | Asset Yield-Cost of Funding | The ratio shows the profitability of the Bank's operations. |
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Asset Yield - total interest income divided by the average earning assets. Total interest income - sum of "Interest income calculated using the effective interest method" and "Other similar income" (presented in the income statement). Average earning assets - calculated as an average of the two periods balances of "Securities in the trading book", "Loans to customers", "Investment securities at fair value" and "Investment securities at amortized cost" (presented in the statement of financial position) |
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Cost of funding - interest expenses divided by the average of liabilities. Interest expenses - "Interest expense and similar charges" (presented in the income statement). Average of liabilities - calculated as an average of the two periods balances of "Due to other banks and financial institutions", "Due to customers" and "Debt securities in issue" (presented in the statement of financial position) |
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Note: Income and expenses are annualized for the calculation of quarterly indicators by multiplying by 4. Asset and liability items are included based on balances at the end of the current and previous reporting quarters. For the calculation of annual indicators, income and expenses are measured for the current year. Asset and liability items are based on balances at the end of the last two reporting years. |
The bank does not publish performance measures related to future reporting periods in its regulated information disclosures.