JBF Sparebank reports strong Q3 2025 growth, strategic reorganization

JBF Sparebank announced its Q3 2025 results, reporting a profit before tax of NOK 172.8 million, an increase from NOK 169.4 million in the corresponding period of 2024. This improvement was driven primarily by higher net value changes in interest-bearing securities and increased dividends from Eika Gruppen, despite lower net interest income. Net lending and customer receivables grew by 8.7% over 12 months to NOK 10,327 million, with deposits increasing by 8.44% to NOK 10,040 million.

The bank's total equity stood at NOK 2,001 million, up from NOK 1,833 million in Q3 2024, contributing to a capital adequacy ratio of 25.31% (consolidated) and an annualised equity return of 9.9%. Operating costs rose to NOK 126.1 million, up from NOK 117.8 million in 2024, mainly due to expenses related to the new group structure and strategic initiatives.

A significant development in Q3 2025 was JBF Sparebank's conversion from a savings bank to a public limited company (AS), which resulted in the reclassification of equity components. Post-balance sheet, the company announced changes to its office structure, discontinuing operations in Narvik, Bergen, Stavanger, Kristiansand, and Hamar, while maintaining offices in Oslo and Trondheim.