SPAREBANK 1 RINGERIKE HADELAND (RING) Q4 2025 earnings summary

Executive summary

• Achieved record net profit after tax of NOK 734 million in 2025, up from NOK 704 million, with annualized ROE at 14.5%, exceeding financial targets for profitability and capital adequacy.

• Q4 net profit was NOK 184 million, with ROE at 13.8%.

• Proposed a total dividend of NOK 44.00 per equity certificate, including an extraordinary dividend, resulting in a 100% payout ratio (subject to regulatory approval).

• Results were positively impacted by extraordinary gains from the sale of stakes in SamSpar companies and strong contributions from subsidiaries and the SpareBank 1 Group.

• Strong capital position with a CET1 ratio of 18.1%, well above regulatory requirements.

Financial highlights

• Net profit after tax increased to NOK 734 million in 2025 from NOK 704 million in 2024.

• Net interest income for 2025 was NOK 807 million, down from NOK 826 million year-over-year.

• Net commission and other income increased to NOK 410 million for the year, up from NOK 354 million.

• Net income from financial investments rose to NOK 228 million, driven by higher dividends, group contributions, and a NOK 58 million gain from SamSpar asset sales.

• Loan losses were a net reversal of NOK 5 million for the year, reflecting model adjustments and low defaults.

Outlook and guidance

• Expect continued high competition in the mortgage market and moderate optimism in the business sector.

• Expectation of 1–2 interest rate cuts in 2026, with stable low unemployment and continued strong local housing market activity.

• Bank aims to maintain ROE above 11% and distribute at least 60% of profit to equity certificate holders.

• Continued focus on digital services, customer experience, and leveraging local market leadership for growth.

• The bank will continue to balance solidity, profitability, cost development, and growth.