Trøndelag Sparebank (TRSB) Q3 2025 earnings summary

Executive summary

• Result before tax improved by NOK 5.9 million year-over-year, reaching NOK 17.4 million in Q3 2025, and result after tax was NOK 62.0 million, up from NOK 56.4 million.

• The bank continues its strategic shift, including acquisitions of EiE Eiendomsmegling and a stake in Brage Finans AS, to offer comprehensive financial, real estate, and accounting services.

• Strong local presence, community engagement, and a diversified regional market with robust economic activity support growth and customer loyalty.

Financial highlights

• Net interest income for Q3 2025 was NOK 53.6 million, nearly unchanged from NOK 53.8 million in Q3 2024, with total net interest income for the period at NOK 156.9 million and a net interest margin of 2.16%.

• Total operating income for Q3 2025 was NOK 68.1 million, with operating expenses at NOK 44.2 million and a cost/income ratio of 61.2%–61.9%.

• Result after tax for the first nine months was NOK 62.0 million, up from NOK 56.6 million year-over-year.

• Total assets under management rose to NOK 9.9 billion, and total business capital increased to NOK 11.3 billion in Q3 2025.

Outlook and guidance

• Eased capital requirements (CRR3) from April 2025 are expected to support further growth and improved capital adequacy.

• The bank aims to realize synergies from recent acquisitions and enhance efficiency while maintaining regulatory compliance.

• Interest margin is expected to remain under pressure following recent reductions in the central bank rate, with a further 0.25% rate cut for customers in Q4 2025.