Haugesund Sparebank (HGSB) Q3 2025 earnings summary

Executive summary

• Delivered pre-tax profit of NOK 197.1 million for the first nine months of 2025, up from NOK 168.9 million year-over-year, driven by increased lending, dividends from Eika, and value gains on financial instruments.

• Net profit after tax reached NOK 158.2 million, compared to NOK 133.0 million last year, reflecting higher income and lower costs.

• Total comprehensive income was NOK 200.7 million, up from NOK 141.5 million, with a significant unrealized gain of NOK 42.5 million from Eika shares.

• The merger with Tysnes Sparebank was completed on September 1, 2025, strengthening the capital base and market position.

Financial highlights

• Net interest income for the first nine months was NOK 272.6 million, up from NOK 264.0 million year-over-year.

• Net commission and other operating income totaled NOK 78.2 million, up from NOK 60.0 million.

• Net income from financial investments was NOK 39.9 million, up from NOK 24.7 million.

• Operating expenses decreased to NOK 141.1 million from NOK 143.3 million, with a cost/income ratio (excl. securities) of 45.7%.

• Loan losses and impairments remained low at NOK 12.6 million, or 0.08% of gross loans.

Outlook and guidance

• The bank is well positioned for further growth and development in its market area, with the merger providing a strong foundation and increased capacity for customer advisory services.