Sparebank 68° Nord sees strong third quarter results, profits rise

Sparebank 68° Nord achieved a pre-tax profit of NOK 144.6 million for the third quarter of 2025, with a total profit of NOK 111.6 million. This represents a solid increase from NOK 134.2 million in pre-tax profit and NOK 96.2 million in total profit for the same period in 2024. The bank's after-tax profit rose to NOK 108.4 million (NOK 98.4 million in Q3 2024), yielding an equity return of 9.1% (8.8% in Q3 2024).

The bank's net interest and credit commission income reached NOK 228.7 million, equivalent to 2.45% of average managed capital. Operating expenses totaled NOK 116.8 million, up from NOK 111.4 million in the prior year, primarily due to increased personnel costs. Despite this, the cost-to-income ratio improved to 43.4% (42.2% in Q3 2024).

Managed capital for the bank increased by NOK 603 million over the past 12 months to NOK 12.732 billion, reflecting a 4.98% growth. Loan growth over the last 12 months, including brokered loans, was 4.6%, while deposits grew by 6.26% over the same period, reaching NOK 8.451 billion. The bank's common equity tier 1 capital ratio strengthened to 22.5% (19.4% in Q3 2024).