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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
SPAREBANK 1 SMN
SPAREBANK 1 SMN (MING) investor relations material
SPAREBANK 1 SMN Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 profit after tax was NOK 954m and ROE was 12.4%; 9M profit was NOK 2,982m and ROE was 13.2%, versus NOK 3,305m and 15.3% a year earlier.
Lending growth and higher net interest income supported Q3 results; seasonal commission declines, lower associate contributions and higher costs weighed on earnings.
Low loan losses and a 17.1% CET1 ratio supported financial flexibility and capacity for growth and dividends.
Financial highlights
Q3 total income was NOK 2,114m versus NOK 2,330m; net interest income was NOK 1,292m versus NOK 1,337m, up 5.1% QoQ.
Q3 commission and other income was NOK 606m versus NOK 640m; operating expenses rose NOK 59m YoY to NOK 913m.
Q3 profit before tax was NOK 1,184m versus NOK 1,448m; net profit was NOK 954m versus NOK 1,171m.
9M total income was NOK 6,561m versus NOK 6,873m; operating expenses were NOK 2,730m versus NOK 2,671m.
Q3 loan losses were NOK 17m versus NOK 27m; 9M loan losses were NOK 152m versus NOK 80m.
Outlook and guidance
Long-term targets include ROE above 13% and CET1 of at least 15.9%; Q3 CET1 was 17.1%.
The September policy-rate increase was followed by customer rate changes scheduled for 30 November, expected to support net interest income.
The 2026 cost-growth target is expected to be met; bank cost growth was 0.0% YTD, with a 50% employee replacement target and a planned reduction of ~40 FTEs through attrition.
The Kredinor sale is subject to regulatory approval and closing conditions; completion is expected in January 2027.
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Latest events from SPAREBANK 1 SMN
- Q2 2026 delivered NOK 1,179m profit after tax, 16.2% ROE, and low loan losses.MING
Q2 2026 - Return on equity dropped to 11.3% as profit fell, but capital and liquidity remained strong.MINGQ1 2026
- Strong 2025 profit, high ROE, robust capital, and record NOK 13.50 dividend proposed.MINGQ4 2025
- Q3 2025: NOK 1,171m profit, 15.9% ROE, strong capital, low losses, and stable credit quality.MINGQ3 2025
- Strong Q2 2025 profit and capital ratios, with low loan losses despite higher legal costs.MINGQ2 2025
- Q3 net profit hit NOK 1,441m, with ROE at 21.0% and a strong CET1 ratio of 18.2%.MINGQ3 2024
- Q2 2024: NOK 1,015m profit, 15.4% ROE, and CET1 ratio at 18.5% with strong growth.MINGQ2 2024
- Q1 2025: NOK 1,004m profit, 14.0% ROE, strong capital, low losses, and efficiency gains.MINGQ1 2025
- Net profit up 25% to NOK 4,591m, with a NOK 12.50 dividend and 16.6% ROE.MINGQ4 2024
Next SPAREBANK 1 SMN earnings date
Q4 202611 Feb, 2027
SPAREBANK 1 SMN
Next SPAREBANK 1 SMN earnings date
Q4 202611 Feb, 2027
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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.