SpareBank 1 SMN delivered a profit of NOK 1,117m after tax in the thirdquarter.The result is ascribable to high activity and profitable growth in allbusinesslines in the Group. With a CET1 ratio of 17.8 per cent, the bank is wellequipped for continued growth and uncertain times.
The quarter reflects good results in the core business, concurrent withincreased earnings from Fremtind Forsikring. Losses remain at a low level, andoverall costs in the Group have risen by a moderate 2.9 per cent compared withthe same quarter of last year.
“We believe the formula for achieving good results over time is to hold asteadycourse and to deliver on our pledges. More (and more?) customers are optingforSpareBank 1 SMN – we are considered to be one of the most attractive employersin our region, and we are among the most attractive banks to invest in. A bankfor its customers, employees, and owners”, says Group CEO Jan-Frode Janson.
Lending growth in the last 12 months comes to NOK 7.8m, and the overall loanvolume is now NOK 255bn. Lending to personal customers in this period hasclimbed 4.9 per cent, while the loan volume to corporate customers isunchangedin the same period. Overall deposit growth in the last 12 months is NOK 11bn,and total customer deposits are now NOK 149bn. Deposits show 9.3 per centgrowthin the personal segment and 9.1 per cent growth in the corporate segment.
Incomes from estate agency services have risen more than 16 per cent measuredagainst the same period of last year. Regnskapshuset’s net profit is weakerthanin the previous quarter but at the same level as in the same quarter of lastyear. This is mainly down to seasonal variations and increased investment incloud-based solutions and advisory services. SpareBank 1 Finans Midt-Norgedelivered a net profit of NOK 66m in the third quarter, approximately on a parwith the same quarter last year.
“We maintain a strong presence in all business lines in Mid Norway through our26 finance centres. Our concept is to make a difference in the local communityby offering customers everything from banking and estate agency services tofinancing and accounting services under the same roof. Moreover, digitalcustomer services are ever more integrated into our physical presence. Thissimplifies customers’ everyday lives and makes our business more profitable,”says Group CEO Jan-Frode Janson.
The Board of Directors of SpareBank 1 SMN has decided to invite Groupmanagementteam members to purchase equity certificates at a 30 per cent discount,subjectto a lock-in period of three years. The Group CEO is entitled to purchase up30,000 equity certificates, while other members of the Group management teammaypurchase up to 15,000 certificates. This decision requires approval fromFinanstilsynet and will be notified to the Stock Exchange in connection withthepurchase and allocation of equity certificates.
Key figures (Consolidated figures. Figures in parenthesis refer to the same period of 2024unless otherwise stated)
Profit after tax: NOK 1,171m (1,441m)Return on equity: 15.9% (21.0%)CET1 ratio: 17.8% (18.2%)Growth in lending: 0.8% (2.2%) Growth in deposits: -0.3% (-1.2%)Losses on loans and guarantees: NOK 27m (75m)Earnings per equity certificate: NOK 5.19 (4.43)
Trondheim, 29 October 2025
Contacts:CFO Trond Søraas on +47 922 36 803Executive Vice President Rolf Jarle Brøske on +47 911 12 475
The above information is subject to public disclosure pursuant to Section 5-12of the Securities Trading Act.
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