About us

Second quarter 2024

  • Pre-tax profit NOK 1,296m (1,045m)
  • Net profit NOK 1,015m (923m)
  • Return on equity 15.4% (15.1%)
  • CET1 ratio 18.5% (19.1%)
  • Growth in group lending 1.5% (8.5%) in the second quarter
  • Lending to the bank’s retail customers rose 1.6% in the quarter (9.8%), 1.0 percentage point higher growth than in the previous quarter. Lending to the bank’s corporate clients rose 1.6% (6.8%) which was 0.1 percentage point higher growth than in the previous quarter
  • Growth in deposits was 3.9% (13.5%) in the second quarter
  • Deposits from retail customers rose 5.4% (15.1%), 3.8 percentage points higher growth than in the first quarter. Deposits from corporate clients climbed 6.3% (13.4%), 3.8 percentage points higher growth than in the previous quarter
  • The net result of ownership interests was NOK 148m (85m)
  • The net result of financial instruments (incl. dividends) was NOK 5m (2m)
  • Losses on loans and guarantees: NOK 47m (29m)
  • Earnings per equity certificate (EC): NOK 4.43 (4.21)
  • Book value per EC was NOK 117.31 (112.81) and the price of the bank’s EC (MING) was NOK 151.12 (141.00)
smn-investor-q2-2023
Read the report here
Watch the presentation here

SpareBank 1 SMN is a regional independent financial services group. Closeness and capability are the hallmarks of our relationship to the market. We are present across municipalities in Trøndelag, Møre og Romsdal, and Vestland.

A one-stop provider to households and firms in the fields of financing, savings and investment, insurance and payment services, we are the region's largest private contributor to business development and non-profit causes through our donation work.

We have several subsidiaries: 

  • EiendomsMegler 1 Midt-Norge
  • SpareBank 1 Finans Midt-Norge
  • SpareBank 1 Regnskapshuset SMN

 

Sustainability

As a regional bank, sustainability and social responsibility is an important focus area for us - locally, nationally and globally. 

We follow the UN principles for sustainability and our strategy for sustainability is built on our values, with responsible being the most important. 

Read more about how we work with sustainability
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