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SPAREBANK 1 SMN (MING) investor relations material
SPAREBANK 1 SMN Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary29 Oct, 2025
Executive summary
Return on equity was 15.9% in Q3 2025 and 15.3% year-to-date, reflecting strong profitability and capital position, though down from 21.0% last year due to a prior one-off gain.
Net profit after tax was NOK 1,171 million in Q3 2025 and NOK 3,305 million year-to-date.
High activity in banking and brokerage, with a NOK 42 million gain from the establishment of SB1 Markets.
Lending grew by 0.8% and deposits declined by 0.3% in the quarter; 12-month lending growth was 3.2% and deposit growth 7.9%.
Maintained low loan losses and robust capitalization, supporting continued growth and dividends.
Financial highlights
Net interest income was NOK 1,337 million and commission income was NOK 619 million in Q3 2025.
Net profit after tax was NOK 1,171 million in Q3 2025 and NOK 3,305 million year-to-date.
Cost/income ratio for the parent bank (excluding finance) was 33.5% in Q3 2025; Group ratio was 44%.
Earnings per equity certificate (EKB) for Q3 2025 was NOK 4.32, with a book value per EKB of NOK 131.03.
Loan losses remained low at 0.03% of total loans annualized in Q3 2025, with credit losses at NOK 27 million.
Outlook and guidance
Strategy focuses on being an independent regional bank with strong digital solutions and customer proximity.
Moderate cost growth expected in 2025, excluding one-off IT provisions, with cost development in subsidiaries driven by activity.
Continued focus on growth, digitalization, and cross-selling between banking and capital markets.
Macroeconomic uncertainty persists, but diversified loan portfolio and strong credit quality support resilience.
Return on equity target above 13% over time is maintained.
Risk weight floor impact on CET1?
Underlying RoE trend ex-Fremtind gain?
SB1 Markets Sweden strategy impact?
What is the full capital generation potential?
Implications of capital for 2025 dividend decision
Future impact of mortgage risk weight floor?
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Next SPAREBANK 1 SMN earnings date
Q4 202512 Feb, 2026
Next SPAREBANK 1 SMN earnings date
Q4 202512 Feb, 2026
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Frequently asked questions
SPAREBANK 1 SMN provides various banking, accounting, and real estate products and services to private individuals and companies in Norway and internationally. It offers savings accounts, loans, car financing, debit and credit cards, currency exchange, insurance products, pension funds, mutual funds investments, bonds and stocks investment goods, advisor solutions, real estate brokerage services, digital bank accounts for children under the age of 18 years, housing estates management services.
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