Aasen Sparebank (AASB) Q4 2025 earnings summary

Executive summary

• Achieved net profit after tax of NOK 82 million in 2025, up from NOK 79 million in 2024, with a return on equity of 9.6% (10.1% in 2024).

• Total lending growth was 11.4%, with strong performance across all segments and a strengthened market position.

• Cost growth was 4.5%, with low levels of losses and defaults.

• Board proposes a cash dividend of NOK 10 per equity certificate, yielding 7.1%.

Financial highlights

• Net interest and credit commission income: NOK 155.9 million (NOK 156.0 million in 2024).

• Profit after tax: NOK 81.9 million (NOK 79.0 million in 2024).

• Cost/income ratio: 45.0% (44.6% in 2024).

• Lending growth: 11.4% including transferred mortgage loans.

• Return on equity: 9.6% (10.1% in 2024).

• Earnings per equity certificate: NOK 10.8 (NOK 11.4 in 2024).

• Book value per equity certificate: NOK 119 (NOK 117 in 2024).

Outlook and guidance

• Transition to a new IT platform in 2026 will increase costs by an estimated NOK 14 million, with NOK 1 million already provisioned in 2025.

• Platform change expected to yield lasting cost savings from 2027.

• Continued focus on local presence, digitalization, and sustainable growth.