SpareBank 1 Nord-Norge

Latest Results (19.04.2026):

SpareBank 1 Nord-Norge — 2nd quarter 2025: The Group reported a strong quarter with a profit after tax of NOK 951 million for 2Q25, corresponding to a quarterly return on equity of 20.3% and a cost/income ratio of 31.8%. Net interest income was NOK 1,003 million, total income about NOK 1,166 million and operating costs NOK 531 million. Credit metrics remained sound with low net losses (NOK -30 million) and total loan loss provisions of NOK 825 million. Capital and liquidity positions are robust (CET1 ~16.2%, LCR 142%, NSFR 117%), and the Group reports continued market‑share gains and cautious optimism on growth as interest rates are expected to decline further.

Quarter result and profitability

Profit after tax 2Q25 was NOK 951 million; return on equity for the quarter 20.3%. The Group meets its profitability targets and continues to rank among the stronger peer returns targeted (board target ≥13% ROE over time).

Income mix

Net interest income was NOK 1,003 million. Net fee and other income was NOK 370 million and net income from financial investments NOK 298 million, supporting total income of ~NOK 1,166 million for the quarter.

Costs and one‑off items

Operating costs in 2Q25 were NOK 531 million. The quarter included one‑off costs totalling NOK 46 million (NOK 34 million accrual related to the SpareBank 1 Utvikling / Tietoevry court ruling and NOK 12 million from an internal property transaction). Adjusted for these items underlying costs fell versus 1Q25.

Credit quality and provisions

Net loan losses in the quarter were NOK -30 million (mainly positive ECL migration). Total loan loss provisions amounted to NOK 825 million (0.78% of gross loans) and Stage 3 provisions were NOK 359 million. The Group reports continued low historical losses and close monitoring of vulnerable sectors (commercial real estate, construction, certain fisheries).

Balance sheet, growth and funding

Isolated loan growth in 2Q25 was 1.7% (annualised ~6.9%); 12‑month loan growth ~5.8%. Loans totalling NOK 48 billion have been transferred to SpareBank 1 Boligkreditt. Deposit coverage is strong (89%); LCR 142% and NSFR 117%.

Capital strength

Common Equity Tier 1 ratio ~16.2% (slightly down q/q), total capital ratio around the low‑20s percent, and a leverage ratio near 7.0%. The bank applies CRR3 rules from 2025 in its reporting; period profit is not included in regulatory capital until audited.

Associated companies and investment portfolio

Contribution from associated companies/joint ventures was NOK 138 million in 2Q25 (SpareBank 1 Gruppen contributed substantially; SNN’s share of SB1 Gruppen result was NOK 114 million). The Group’s listed/equity portfolio was NOK 1,664 million with positive revaluations of NOK 102 million and dividends received of NOK 46 million. Certificate and bond holdings were NOK 23,800 million.

Outlook and key risks

The Group expects continued market share gains and anticipates a pickup in credit demand as Norges Bank’s rate cuts progress through 2025–26, but remains cautious given geopolitical uncertainty and vulnerable industry exposure. Management emphasises close customer follow‑up and continued cost discipline (ongoing simplification/cost efficiency programme).