Sparebank 68 Grader Nord (SB68) investor relations material

Executive summary

• Net profit after tax for 2025 was NOK 137.9 million, representing 1.10% of average total assets, slightly down from NOK 141.1 million (1.18%) in 2024.

• Return on equity after tax was 9.1%, compared to 9.4% in 2024.

• Total assets increased by 5.7% to NOK 12,808 million at year-end 2025.

• The bank maintained strong capital adequacy and liquidity, with a focus on risk management and sustainable growth.

Financial highlights

• Net interest income was NOK 306.2 million (2.44% of average assets), stable from NOK 305.7 million (2.54%) in 2024.

• Net commission and other operating income rose to NOK 56.3 million from NOK 53.6 million.

• Operating expenses increased to NOK 167.6 million (46.2% of income), up from NOK 154.1 million (42.9%).

• Loan losses were NOK 13.2 million, down from NOK 15.8 million in 2024.

• Dividend proposed at NOK 13.50 per equity certificate.

Outlook and guidance

• Economic outlook for the region remains positive, with continued low unemployment and growth in key sectors like seafood and tourism.

• IT platform migration in 2026 will cause temporary cost increases and lower return on equity, but is expected to yield long-term savings.

• Loan loss expectations remain moderate, with strong provisioning in place.