SpareBank 1 SMN reports 1.13bn kroner Q2 profit

SpareBank 1 SMN reported net profit of 1.13 billion kroner in Q2 2025, achieving a 16.2% return on equity with lending growth of 1.2% and deposit growth of 0.9%.

The bank's cost-to-income ratio rose to 37.8% from 33.0% a year earlier, primarily due to increased real estate brokerage activity and a settlement payment to Tietoevry.

The common equity tier 1 capital ratio stood at 18.8%, well above regulatory requirements.