Kvika, IS0000020469

Kvika expands its buyback: what it means for Kvika stock

Published on 10/06/2026 at 06:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kvika bought 10.5 million shares for ISK 130.3 million. Kvika stock last closed at ISK 12.25 on October 1, 2026, with results due November 4.

Kvika, IS0000020469, Illustration mit AI erstellt.

Kvika banki bought 10,500,000 of its own shares for ISK 130,305,000 during week 40, according to GlobeNewswire on October 5, 2026. The latest purchases extend a repurchase program that sets capital allocation, rather than operating results, as the immediate company-specific market theme.

Buyback reaches 0.501 percent

Kvika has now purchased 21,695,000 shares under the program, equal to 0.501 percent of issued shares, with a total purchase price of ISK 268,097,875. The bank held 63,431,460 of its own shares after the transactions, equal to 1.465 percent of issued shares, according to GlobeNewswire.

The program allows aggregate purchases of up to ISK 1,540,550,041 and 165,500,003 shares. Against that ceiling, the completed purchases represent 13.38 percent of the maximum cash authorization, calculated from ISK 268,097,875 divided by ISK 1,540,550,041. The program remains in effect until the limit is reached or April 30, 2027, whichever comes first.

Results are scheduled for November 4

Kvika's next reported operating checkpoint is scheduled for November 4, 2026, when the company is listed to release third-quarter results, according to MarketScreener. That date gives investors a separate reference point for judging whether the buyback is being accompanied by progress in earnings and balance-sheet performance.

Kvika also named Jon Birgir Jonsson as chief executive officer effective December 1, 2026, in a September 14, 2026 announcement carried by Nasdaq Iceland. The leadership transition and the buyback are two distinct corporate developments ahead of the November reporting date.

Iceland quote stays dated

Kvika banki stock last closed at ISK 12.25 on Nasdaq Iceland on October 1, 2026. The company trades under ticker KVIKA on Nasdaq Iceland, and the next results date is November 4, 2026.