SpareBank 1 Ringerike Hadeland reports seventh consecutive quarter of strong returns

SpareBank 1 Ringerike Hadeland achieved its seventh consecutive quarter with an equity return exceeding 12%, reporting a pre-tax profit of NOK 203 million and a post-tax result of NOK 161 million for Q3 2025. The return on equity (ROE) for the quarter, excluding hybrid capital, was 12.4%. Year-to-date, the bank's after-tax profit reached NOK 552 million, yielding a 14.8% ROE, or 13.3% when adjusted for one-off financial gains of NOK 58 million from SamSpar-banken transactions.

The bank maintained a strong financial standing with a common equity tier 1 (CET1) ratio of 18.6%, well above the regulatory requirement of 14.9% and the bank's own target of 15.9%. Loan growth remained subdued at 0.2% for the quarter and 1.6% year-over-year, influenced by strong competition in the private market and increased redemptions in the corporate market. However, deposit growth was high, supported by strategic initiatives.

Operational expenses for the quarter totaled NOK 131 million, bringing the year-to-date figure to NOK 410 million, an 8.5% increase from the previous year. This rise is attributed to full-year effects of increased staffing in 2024 and higher IT and alliance costs. Despite this, the cost-to-income ratio for the parent bank stood at 35.1%, with the consolidated group at 39.1%. Loan losses remained exceptionally low, recorded at NOK 2 million for the quarter and NOK 1 million year-to-date, reflecting a solid loan portfolio.