Romerike Sparebank (ROMER) Q3 & CMD 2026 earnings summary

Executive summary

• Q3 featured an announced merger plan with Skue Sparebank, continued strong lending growth, and conversion of part of foundation capital alongside establishment of a savings bank foundation.

• YTD profit before tax was NOK 171.7m, down from NOK 221.2m; higher market rates, margin pressure, competition, and increased investment weighed on results.

• Total business capital reached NOK 28.6bn, up 16.7% YoY; management described the bank as well capitalized with capacity for further growth.

Financial highlights

• YTD net interest income was NOK 270.9m, NOK 13.9m below 2025; net commission income rose NOK 3.3m to NOK 54.1m.

• YTD profit after tax was NOK 136.4m vs NOK 174.0m; total comprehensive income was NOK 186.3m vs NOK 204.6m.

• Operating costs reached NOK 164.5m, up NOK 18.2m YoY; credit losses were a net cost of NOK 16.9m vs NOK 1.6m.

• Eika Gruppen share revaluation added NOK 70.4m to unrealized gains in Q3; YTD fair-value movements through other comprehensive income were NOK 49.9m.

• Q3 standalone profit before tax was NOK 46.3m and after-tax profit NOK 35.1m; total comprehensive income was NOK 104.6m.

Outlook and guidance

• Net interest margin improved through the first three quarters; management expected further positive development in Q4 and aimed to gain market share despite lending competition.

• Merger ambition is to combine greater scale and competitiveness with local decision-making, customer proximity, stronger expertise, and investment capacity for technology and digital services.

• Continued growth is supported by capital headroom; management cited capacity to expand while meeting capital targets with a margin.