Skagerrak Sparebank reports strong Q3 performance, solid profit growth

Skagerrak Sparebank announced a net profit of NOK 75.9 million for the third quarter of 2025, contributing to a year-to-date net profit of NOK 276.3 million. This reflects an annualized return on equity of 10.4%, with total comprehensive income reaching NOK 329.2 million year-to-date. The bank's business capital stood at NOK 39,082 million.

The bank experienced healthy loan growth over the past 12 months, including loans transferred to Eika Boligkreditt, with a total increase of 10.1%. Loan losses remain low at 0.01% of average gross loans. Growth was primarily fueled by private market loans, including expansion in the digital concept NORDirekte. The cost-to-income ratio for the year-to-date period was 41.3%.

Skagerrak Sparebank maintains a very strong capital position, with a consolidated Common Equity Tier 1 (CET1) capital ratio of 22.36% as of September 30, 2025. This robust capital base provides a solid foundation for continued growth and development.