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Aasen Sparebank (AASB) investor relations material
Aasen Sparebank Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved net profit after tax of NOK 35.3 million for H1 2026, down from 40 million year-over-year, with business capital surpassing NOK 10 billion.
Strong 12-month loan growth of 11.2%, with business volume reaching NOK 10.1 billion, up from NOK 9.1 billion.
Stable underlying banking operations, increased commission income, and robust credit quality with low loan losses.
The period was impacted by NOK 6.4 million in costs related to IT platform conversion, expected to drive future efficiencies.
Financial highlights
Net profit after tax reached NOK 35.3 million for H1 2026.
Return on equity was 8.0% for H1 2026, with an adjusted ROE of 9.5% excluding IT system transition costs.
Cost/income ratio was 52.3% (or 45.1% excluding future IT conversion provisions), up from 45.47% year-over-year.
Net interest margin declined to 2.00% from 2.25% last year.
Net positive value change and dividends from securities portfolio totaled NOK 7.2 million, up from NOK 4.9 million.
Outlook and guidance
Continued focus on capital efficiency, maintaining strong liquidity through diversified funding sources, and regional growth.
Norges Bank raised the policy rate to 4.25% in May 2026, with expectations of further increases.
- Q1 profit was NOK 17.9M, with 10.1% loan growth and strong capital ratios.AASB
Q1 2026 - Solid profit, strong lending growth, and robust capital ratios; NOK 10 dividend proposed.AASB
Q4 2025 - Q3 2025 saw NOK 61m profit, 9.4% loan growth, and a CET1 ratio of 19.2%.AASB
Q3 2025 - Net profit stable at NOK 40 million, with robust loan growth and improved capital ratios.AASB
Q2 2025 - Q3 2024 saw robust profit, strong loan growth, and improved efficiency.AASB
Q3 2024 - Net profit of 40 MNOK, strong growth, and solid capital position in H1 2024.AASB
Q2 2024 - Q1 2025 net profit rose to NOK 17.4m, with robust capital and loan growth.AASB
Q1 2025 - Solid growth, high profitability, and strong capital position drive continued expansion.AASB
Q4 2024
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