Overview

* Olympia Q3 revenue falls 6% yr/yr, with net income down 26%

* Basic EPS for Q3 decreases 26% to C$1.93 per share

* Service revenue rises 5% due to increased fees in IAS division

Outlook

* Olympia Financial Group ( OLYFF ) did not provide specific guidance for future quarters or the full year

Result Drivers

* SERVICE REVENUE - Increase attributed to higher monthly and transaction fees from account growth in IAS division

* INTEREST INCOME DECLINE - Decrease in trust, interest, and other income due to lower interest rates on trust fund placements

* EXPENSES INCREASE - Rise in expenses driven by higher computer support and maintenance costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$23.80

Revenue mln

Q3 Net C$4.63

Income mln

Q3 Basic C$1.93

EPS

Q3 C$12.11

Service mln

Revenue

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the corporate financial services peer group is "buy"

* Wall Street's median 12-month price target for Olympia Financial Group Inc ( OLYFF ) is C$177.66, about 31.1% above its November 12 closing price of C$122.38

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)