SpareBank 1 SMN strengthens mid-Norway presence with strong q3 profit

SpareBank 1 SMN delivered a Q3 2025 after-tax profit of NOK 1,171 million, buoyed by solid underlying operations and increased income from associated companies. The bank maintained a strong financial position with a common equity tier 1 capital ratio of 17.8%, well above regulatory requirements and internal targets, despite a 1.4 percentage point reduction due to risk-weight floor adjustments for residential mortgages.

Loan growth over the past twelve months totaled NOK 7.8 billion, bringing the aggregate loan volume to NOK 255 billion. Deposit growth reached NOK 11 billion in the same period, with total customer deposits now standing at NOK 149 billion. The quarter saw stable, moderate loan losses, with total loan losses and guarantees at NOK 27 million. Operating expenses increased by a modest 2.9% compared to the same quarter last year.

The bank’s strategic focus on a strong regional presence is evident through its 26 financial centers, offering integrated banking, real estate, financing, and accounting services. Income from real estate brokerage rose by over 16% year-on-year, while SpareBank 1 Finans Midt-Norge reported a profit of NOK 66 million. The board has also proposed offering discounted equity certificates to executive management, reinforcing alignment with shareholder interests.