AURSKOG SPAREBANK (AURG) Q2 2025 earnings summary

Executive summary

• Net income after tax reached NOK 130.2 million, up 6% year-over-year, with the best-ever quarterly result in Q2 2025, 10% higher than Q2 2024.

• Forretningskapital (business capital) including loans brokered to Eika Boligkreditt rose to NOK 24.2 billion, a 12.5% increase over 12 months.

• Cost/income ratio (excluding one-offs) was 34.5% for the last 12 months, up from 31.4% last year.

• Return on equity for the last 12 months was 10.9%, unchanged from the previous year.

• The bank opened a new modern branch in Bjørkelangen and achieved top customer satisfaction in its region.

Financial highlights

• Net interest income for H1 2025 was NOK 180.9 million, down from NOK 186.7 million in H1 2024.

• Net commission income increased to NOK 34.7 million from NOK 29.8 million year-over-year.

• Dividend and securities income doubled to NOK 40.4 million from NOK 22.0 million year-over-year.

• Operating expenses rose 18% year-over-year, mainly due to increased headcount and more branches.

• Loan losses and impairments were NOK 1.2 million, significantly down from NOK 7.1 million last year.

• EPS for H1 2025 was NOK 9.77, up from NOK 9.62 in H1 2024.

Outlook and guidance

• The bank enters H2 2025 with strong operations and financial position, expecting continued demand for services.

• Interest rate cuts by Norges Bank in June will be passed on to customers from late August.

• Focus remains on digital investments, advisory capacity, and local presence.