About us

First quarter 2023

  • Net profit: NOK 778m (698m)
  • Return on equity: 13.0 per cent (12.6 per cent)
  • CET1 ratio: 18.2 per cent (18.3 per cent )
  • Growth in lending: 1.3 per cent (2.4 per cent) and in deposits: 1.2 per cent (growth of 2.5 per cent)
  • Growth in lending over the past 12 months: 7.0 per cent (7.9 per cent) and in deposits: 8.3 per cent (11.4 per cent)
  • Net result of ownership interests: NOK 125m (62m)
  • Net result of financial instruments (incl. dividends): minus NOK 97m (gain of 113m)
  • Net recovery of losses on loans and guarantees: NOK 71m (0m), -0.13 per cent of gross lending (0 per cent)
  • Earnings per equity certificate (EC): NOK 3.51 (3.20). Book value per EC: NOK 105.63 (99.55)

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



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.