SpareBank 1 SMN ended the fourth quarter of 2025 with a profit of NOK 1,061 million and a full-year post-tax profit of NOK 4,367 million. Efficient operations and strong solvency will allow the bank to pay a high dividend to its owners. Accordingly, mere than NOK 1 billion will be channelled back into local communities in Central Norway, which has been the bank’s largest owner for more than 200 years.
The bank has a broad income base, effective cost controls and a rock-solid financial position, with a Common Equity Tier (CET) 1 capital ratio of 16.8 per cent – well above the newly set target of 15.9 per cent. The bank is therefore well-positioned to capture an even greater share of its home market in Central Norway.
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“We have made substantial investments, including the acquisition of the Norion commercial real estate agency, which will boost EiendomsMegler 1 Midt-Norge both regionally and nationally. Regnskapshuset has made several acquisitions, consolidating its position as market leader in the region and as one of Norway’s largest and leading accounting firms. Moreover, we have established SB1 Markets in collaboration with Swedbank, targeting the Nordic region as the entity’s primary market,” says Group CEO Jan-Frode Janson.
The bank’s retail business has increased its lending by 4.7 per cent over the last 12 months, bringing the total retail lending balance to NOK 169.2 billion. Retail deposit growth was 8.4 per cent over the same period. The corporate business saw lending growth of 2.3 per cent last year, boosting the total corporate lending balance to NOK 75.6 billion. Growth in corporate deposits over the last 12 months totalled 1.8 per cent.
“At a time of fierce competition between banks, we are pursuing a combination of local presence and modern technological solutions. This is why we are investing in finance centres that house broad-based local expertise, supporting these with specialist functions and investing in artificial intelligence and digital platforms. We are particularly proud that our mobile banking solution has been named Norway’s best,” says Jan-Frode Janson.
EiendomsMegler 1 Midt-Norge is strongly positioned, with a market share of 37.6 per cent in Central Norway and over 40 per cent in Trondheim, and delivered an annual profit of NOK 76 million in 2025. SpareBank 1 Regnskapshuset SMN achieved a full-year profit of NOK 106 million and continues to gain market share through both acquisitions and organic growth. Regnskapshuset is rapidly transitioning from traditional accounting to expertise-based consulting, supported by leading technological solutions. The finance company SpareBank 1 Finans Midt-Norge delivered an annual profit of NOK 288 million for 2025. SpareBank 1 Gruppen made a significant profit contribution, primarily driven by the strong performance of the insurance company Fremtind. SpareBank 1 SMN’s share of the full-year profit was NOK 446 million.
“Our strong position and diversified operational portfolio makes us less vulnerable to short-term market turbulence. Accordingly, despite great uncertainty and sharp fluctuations in the global economy, we can continue doing what we have been doing for more than 200 years, namely sailing a steady course and supporting people and businesses in the region,” says Janson.
Thanks to its robust operational performance, SpareBank 1 SMN has capacity to distribute a strong dividend to its owners. The board of directors is proposing a dividend of NOK 13.50 per equity certificate. As the community capital and foundations are the bank’s largest owners, most of the bank’s profits will remain in the region.
“Our savings bank model means that more than NOK 1.2 billion of profits will flow back into local communities. It is important to have a bank where decisions are made locally and value remains in the region. Our model supports substantial investment in R&D and innovation, and allows us to be there for the local community, whether in Verdal at a time of mass layoffs and fatal fires or for the sports club in Ørsta after the ski facilities burned down,” says Group CEO Jan-Frode Janson.
Key figures:
(Consolidated figures. Unless otherwise specified, numbers in brackets are for the corresponding period last year.)
Post-tax profit: NOK 1,061 million (NOK 1,052 million)
Return on equity: 13.7 per cent (14.4 per cent)
Common Equity Tier (CET) 1 capital ratio: 16.8 per cent (18.3 per cent)
Lending growth: 1.6 per cent (0.9 per cent)
Reduction in deposits: -1.9 per cent (2.1 per cent)
Losses on loans and guarantees: NOK 61 million (NOK 30 million)
Profit per equity certificate: NOK 4.58 (NOK 4.67)
Proposed dividend: NOK 13.50 (NOK 12.50)
Proposed community dividend: NOK 968 million (NOK 896 million)
Trondheim, 12 February 2026
Contacts:
Trond Søraas, CFO, tel. +47 922 36 803
Rolf Jarle Brøske, Executive Vice President, tel. +47 911 12 475
The above information is subject to public disclosure pursuant to Section 5-12 of the Securities Trading Act.
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