Grue Sparebank's Q3 2025 pre-tax profit dips despite asset growth

Grue Sparebank reported a pre-tax profit of NOK 51.0 million for the third quarter of 2025, a decrease of NOK 12.9 million compared to the same period last year. The total result for the period, however, increased by NOK 8.2 million to NOK 48.4 million, driven by a rise in net other operating income despite a significant increase in total operating expenses to NOK 79.7 million, up from NOK 58.3 million in Q3 2024.

The bank's total assets grew by 6.0% year-over-year, reaching NOK 4,867.1 million, while customer deposits increased by 5.0% to NOK 3,582.6 million. The bank's capital adequacy ratios also showed improvement, with the core equity tier 1 ratio at 26.5%, up from 18.6% in the previous year.

Gross loans to customers on the bank’s own balance sheet increased by NOK 26.4 million (0.72%) to NOK 3,696.0 million. Loans facilitated through Eika Boligkreditt rose by NOK 89.1 million, contributing to an overall positive trend in loan growth. The report also highlights a slight increase in total loan impairment from 0.33% to 0.34% of gross loans.