Tinde Sparebank reports strong Q3 2025 growth post-merger

Tinde Sparebank achieved a net profit of NOK 65.7m for Q3 2025, a slight increase from NOK 65.6m in the same period of 2024. The bank’s total operating income for the quarter reached NOK 263.6m, up from NOK 177.2m in 2024, driven by a 40.9% increase in net interest income to NOK 197.2m. This growth is primarily attributed to the merger of Sunndal Sparebank and Romsdal Sparebank on June 2, 2025, which also led to increased operating expenses. The cost-to-income ratio for Q3 2025 was 55.8%, an increase from 46.8% in Q3 2024, reflecting merger-related costs.

Total assets grew significantly to NOK 13,929.7m as of September 30, 2025, up 78.6% from NOK 7,798.3m in 2024. Net loans to customers increased to NOK 11,498.7m, while deposits from customers rose to NOK 9,512.9m. The bank's consolidated common equity tier 1 capital ratio stood at 20.7% at the end of Q3 2025, exceeding the capital target of 16.5%.

Despite an increase in loan losses to NOK 32.9m for the nine-month period, up NOK 24.1m from 2024, Tinde Sparebank maintains a solid financial position. The bank is targeting a cost-to-income ratio below 40% and a return on equity of at least 10% by 2030, with plans to list on Euronext Oslo Børs in Q2 2026.