Sparebank 68 Grader Nord (SB68) Q3 2026 earnings summary

Executive summary

• Q3 YTD pretax profit was NOK 169.6m vs NOK 144.6m; after-tax ordinary profit was NOK 127.2m vs NOK 108.4m, with annualized ROE of 10.2% vs 9.1%.

• Results benefited from NOK 24.5m net impairment reversals and higher financial instrument gains; higher operating costs, largely tied to the planned core banking system conversion, offset some gains.

Financial highlights

• YTD net interest and credit commission income was NOK 229.3m vs NOK 228.7m; equivalent to 2.31% vs 2.44% of average total assets.

• Net other operating income rose to NOK 53.4m from NOK 40.1m, mainly due to fair-value changes in securities.

• Operating costs increased to NOK 137.5m from NOK 116.8m; Q3 YTD ordinary profit after tax was NOK 127.2m vs NOK 108.4m, and total comprehensive result was NOK 129.2m vs NOK 111.6m.

• Earnings per equity certificate were NOK 14.01 vs NOK 12.63 for the nine months ended 30 September.

Outlook and guidance

• Board sees a sound core business, good liquidity and solid capital as a basis for profitable growth in personal and business markets.

• Core banking provider conversion is expected to strengthen efficiency, customer experience and digital competitiveness over time, after temporary costs during the transition.