Second quarter 2026 
 
  • Profit before tax of NOK 1,439 million (NOK 1,405 million)
  • Net profit of NOK 1,179 million (NOK 1,131 million)
  • Return on equity of 16.2 per cent (16.2 per cent) 
  • Common Equity Tier 1 (CET1) ratio of 17.0 per cent (18.8 per cent)
  • Net interest income of NOK 1,229 million (NOK 1,335 million)
  • Net commission and other income of NOK 702 million (NOK 749 million)
  • Operating expenses of NOK 889 million (NOK 937 million)
  • Loan growth of 1.4 per cent (1.2 prosent) and deposit growth of 3.1 per cent (0.9 per cent).
  • Retail lending in the bank increased by 1.8 per cent in the quarter (1.4 per cent), 0,1 percentage points lower than in the fourth quarter. Corporate lending in the bank increased by 0.5 per cent (a decrease of 0.9 per cent).
  • Retail deposits increased by 5.2 per cent (6.2 per cent), which was 1.5 percentage points higher than in the fourth quarter of 2025. Deposits from corporate customers increased by 0.9 per cent (3,4 per cent).
  • Net profit from interests in associated companies of NOK 355 million (NOK 271 million) 
  • Net gains on financial instruments (including dividends) of NOK 77 million  (NOK 19 million) 
  • Losses on loans and guarantees of NOK 35 million (NOK 32 million)
  • Earnings per equity certificate of NOK 5.19 (NOK 4.99)
  • Book value per equity certificate of NOK 130.68 (NOK 125.43)
smn-investor-q2-2026

There was a joint presentation of second quarter results together with SpareBank 1 Nord-Norge, SpareBank 1 Østlandet, SpareBank 1 Sør-Norge, SpareBank 1 Forvaltning and Fremtind Forsikring..

See webcast of the presentations.

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Trond Søraas
Executive Director, Finance
+47 922 36 803
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+47 911 12 475
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