Tinn Sparebank reports strong Q3 2025 earnings amidst merger

Tinn Sparebank reported a pre-tax profit of NOK 61.5 million for Q3 2025, an increase of NOK 2.4 million compared to the same period last year. Net interest income rose to NOK 83.6 million from NOK 83.0 million, despite a slight decrease in net interest margin to 2.62% from 2.67%. Other operating income also saw a significant jump, reaching NOK 31.1 million, up from NOK 26.3 million. Operating costs for the quarter increased by NOK 4.1 million year-on-year to NOK 48.7 million, with personnel costs accounting for NOK 24.7 million.

The bank’s total assets under management reached NOK 4,338.6 million, reflecting a 3.24% increase over 12 months. Customer deposits grew by NOK 67.1 million to NOK 3,432.0 million, resulting in a deposit coverage ratio of 113.07%. Gross loans to customers stood at NOK 3,035.2 million, a slight decrease of NOK 0.9 million over the past 12 months. Loan losses and guarantees decreased to NOK 4.5 million, down from NOK 5.6 million in the prior year's period.

Solid capital adequacy was maintained, with a common equity tier 1 capital ratio of 32.40%, a tier 1 capital ratio of 34.49%, and a total capital ratio of 36.58%. Consolidated figures also showed strong ratios: common equity tier 1 at 28.25%, tier 1 at 30.36%, and total capital at 32.56%. The bank's liquidity coverage ratio (LCR) was 358, demonstrating a strong liquidity position.