AURSKOG SPAREBANK (AURG) Q1 2026 earnings summary

Executive summary

• Net profit after tax for Q1 2026 was NOK 51.0 million, down from NOK 52.6 million year-over-year.

• Forretningskapital (business capital) reached NOK 26,263 million, up NOK 3,002 million from the previous year.

• The bank celebrated its 180th anniversary with a major community festival, distributing NOK 4 million in grants.

Financial highlights

• Net interest income was NOK 88.3 million (1.74% of avg. assets), nearly flat year-over-year.

• Net commission income increased to NOK 21.8 million from NOK 18.4 million year-over-year.

• Cost/income ratio rose to 35.6% from 33.7% year-over-year.

• Return on equity (ROE) for the last 12 months was 10.9%, up from 10.7%.

• Earnings per equity certificate (EPS) was NOK 3.49, down from NOK 4.12.

Outlook and guidance

• The bank expects continued stable operations and strong financial position despite a challenging macroeconomic and geopolitical environment.

• Customer lending rates will increase by up to 0.25% from August following Norges Bank’s rate hike.

• Focus remains on technology, security, and competence development to meet regulatory and customer demands.