Romerike Sparebank (ROMER) Q3 2025 earnings summary

Executive summary

• Result before tax reached NOK 221.2 million for the first nine months, up from NOK 199.1 million year-over-year, with after-tax profit at NOK 174.0 million (NOK 154.8 million).

• Total comprehensive income increased by NOK 72.5 million year-over-year, driven by higher valuation of Eika Gruppen shares and increased unrealized gains.

• Customer base stands at 29,300, with 26,100 private and 3,200 corporate clients; business capital rose 12.7% to NOK 24.5 billion over the past year.

• Strategic investments in new, energy-efficient headquarters and expanded advisory capacity support long-term growth and sustainability goals.

Financial highlights

• Net interest income for the period was NOK 284.9 million, slightly down from NOK 292.8 million due to higher funding costs and lower lending margins.

• Net commission and other operating income increased by NOK 23.9 million year-over-year, mainly from Eika Boligkreditt and insurance sales.

• Cost/income ratio improved to 40.5% (from 42.3%), reflecting efficiency gains despite higher personnel costs.

• Net loan losses were NOK 1.6 million, significantly reduced from NOK 14.1 million last year.

• Brutto loans including Eika Boligkreditt reached NOK 20.7 billion, up 12.0% year-over-year.

Outlook and guidance

• Well-capitalized for continued organic growth in the Romerike region, with new offices opening in Lørenskog and Jessheim to enhance market presence.

• Focus on further digitalization and operational efficiency to strengthen competitiveness.

• Norges Bank reduced the policy rate to 4.00%, with expectations of gradual further cuts next year if economic conditions allow.