AURSKOG SPAREBANK (AURG) Q3 2025 earnings summary

Executive summary

• Net income after tax reached NOK 187.9 million, up 5.4% year-over-year, with a solid third quarter result of NOK 57.7 million compared to NOK 55.4 million last year.

• Total operating income increased by 6% year-over-year, driven by growth and higher returns from low-risk fixed income funds and increased dividends from Eika Gruppen.

• Operating expenses rose 15% year-over-year, mainly due to increased headcount and more branches, with a cost/income ratio of 35.0% (33.0% last year).

• The bank remains well-capitalized, benefiting from a new standard method and lower Pillar 2 requirements.

Financial highlights

• Net interest income for the first nine months was NOK 273.4 million (1.86% of avg. assets), down from NOK 282.0 million (2.11%) last year.

• Net commission income rose to NOK 55.2 million from NOK 44.5 million year-over-year.

• Dividend and securities income increased to NOK 54.0 million from NOK 34.6 million year-over-year.

• Total operating income reached NOK 382.6 million, up from NOK 361.2 million year-over-year.

• Earnings per equity certificate (EPS) was NOK 14.04, up from NOK 13.90 year-over-year.

Outlook and guidance

• The bank enters Q4 with strong operations and a solid financial position, expecting continued good demand for its services.

• Interest rate cuts by Norges Bank in September will be fully reflected in customer rates from late November.

• The bank plans to continue investing in digital solutions and advisory capacity.