)

Sunndal Sparebank (SUNSB) investor relations material
Sunndal Sparebank Q1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net profit after tax for Q1 2025 was NOK 15.4 million, down from NOK 20.7 million in Q1 2024, mainly due to lower net interest income and higher costs.
Return on equity after tax was 7.7% compared to 10.5% a year earlier.
Cost/income ratio increased to 56.9% from 46.4% due to higher personnel and merger-related costs.
Loan growth over 12 months was 2.0%, while deposit growth was negative at -1.8%.
The merger with Romsdal Sparebank is progressing, aiming for legal completion by June 2, 2025.
Financial highlights
Result before tax was NOK 20.5 million, down from NOK 27.6 million in Q1 2024.
Net interest income fell by NOK 3 million to NOK 33.3 million, mainly due to lower lending margins and volume changes in the corporate segment.
Net commission income remained stable; other operating income decreased by NOK 1.4 million.
Operating expenses increased by NOK 2.6 million to NOK 25.6 million, mainly from wage adjustments and merger costs.
Earnings per equity certificate (before OCI) was NOK 2.13, down from NOK 2.98.
Outlook and guidance
Norges Bank is expected to lower the policy rate in H2 2025, with a year-end target of 4%.
Cost levels are expected to remain temporarily high in 2025 due to the merger, with new long-term financial targets to be set for the combined bank.
The merged bank will have a business capital of about NOK 19 billion, equity of NOK 1.9 billion, 104 employees, and 9 offices.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage