Investor Relations
SpareBank 1 Sør-Norge ASA is one of Norway's largest savings banks. We are part of the SpareBank 1-alliance.
Fourth quarter 2025 accounts
Selected key figures for Q4
- Operating profit before tax: NOK 1,993 million (1,741 million)
- Return on equity after tax: 11.9% (10.9%)
- Return on equity after tax, adjusted for merger goodwill: 12.8% (12.3%)
- Earnings per share: NOK 4.1
- Net interest income: NOK 2,323 million (2,293 million)
- Operating expenses: NOK 1,330 million (1,376 million)
- Loan losses and write-downs on financial liabilities: NOK 137 million (90 million)
2024 Q4 figures in parentheses
Selected key figures for 2025
- Operating profit before tax: NOK 8,349 million (7,957 million)
- Return on equity after tax: 12.8% (13.4%)
- Return on equity adjusted for merger goodwill: 14.1%
- Earnings per share: NOK 17.0
- Net interest income: NOK 9,271 million (9,119 million)
- Operating expenses: NOK 5,340 million (4,997 million)
- Loan losses and write-downs on financial liabilities: NOK 352 million (412 million)
- Lending growth incl. transferred volume to credit institutions, last 12 months: 3.3%
Proforma figures for 2024 i parentheses
Presentations
Time: 08:15AM CET – Presentation in Norwegian, live and webcast
The presentation was be held by CEO Inge Reinertsen and CFO Eirik B. Monsen.
1:30 PM CET – Digital presentation for analysts and investors in English
CEO Inge Reinertsen and CFO Eirik B. Monsen present the third quarter accounts via Teams.
Inge Reinertsen, CEO of SpareBank 1 Sør-Norge.
Sustainability
We will create value and profitability and concurrently consider climate, environment and social conditions. Stopping climate change and contributing to the transition to a more sustainable business community will have a special focus for the SpareBank 1 Sør-Norge group in the future.
Covered bonds
SR-Boligkreditt AS was established in March 2015. It is a wholly owned special bank subsidiary of SpareBank 1 Sør-Norge ASA. Its objective is to purchase mortgages from the owner and to finance these by issuing covered bonds.
Our financial targets
SpareBank 1 Sør-Norge overriding target is to deliver above 14 per cent return on equity (ROE).
At the same time, SpareBank 1 Sør-Norge shall maintain a cost/income ratio below 40 per cent and a common equity Tier 1 capital (CET1) ratio above 17.6 percent.
SpareBank 1 Sør‑Norge’s dividend policy is to distribute a minimum of 50 percent of the annual profit as a cash dividend. The Group has established a share buyback program as a supplement to cash dividends. When determining the size of the annual dividend, consideration shall be given to the Group’s capital needs, including capital adequacy requirements, as well as the Group’s objectives and strategic plans.
- Being cost and capital effective
- Customer growth in South Norway
- Growth in other income
- Joint effort in the SpareBank 1 alliance
- Diversed portfolio
SpareBank 1 Sør-Norge’s IR policy
SpareBank 1 Sør-Norge wishes to maintain an open dialogue with shareholders and other stock market participants. SpareBank 1 Sør-Norge comply with the majority of Oslo Børs Code of Practice for IR of 1 March 2021.
Reporting to the market and contact with shareholders, investors and analysts outside general meetings are based on the following principles:
- All price-sensitive information must be provided simultaneously to all market participants. This implies that statements to the stock exchange and press releases will be distributed through Oslo Børs and to external recipients through external channels, as well as published on the Group's home pages.
- All presentations, such as those related to interim results, capital markets days, or seminars, are held in Norwegian. However, in connection with the presentation of interim financial reports, there will be international team calls where the presentation is conducted in English.
- Presentations used in meetings with individual investors shall not be materially different from those previously presented on the Group's home pages. Nor should individual investors be given verbal information that is not shared with the overall market.
- SpareBank 1 Sør-Norge observes a silent period, which is 30 days before the financial report for the period has been made public.
