Bien Sparebank (BIEN) Q1 2025 earnings summary

Executive summary

• Achieved strong loan growth of 19.2% year-over-year, expanding market share in Oslo's housing market.

• Net profit after tax for Q1 2025 was NOK 11.8 million, down NOK 0.9 million year-over-year.

• Strategy focuses on local presence, personal advisory, and leveraging Eika alliance efficiencies for sustainable growth toward NOK 10 billion forretningskapital by 2026.

• Forretningskapital increased by 2.8% in Q1 2025, reaching NOK 7,708 million.

• Third dividend since listing paid in spring, totaling NOK 80 million distributed to owners.

Financial highlights

• Net interest income rose to NOK 34.8 million, up NOK 2.1 million from Q1 2024.

• Net profit after tax for Q1 2025 was NOK 11.8 million, compared to NOK 12.8 million in Q1 2024.

• Loan portfolio increased by 19.2% over the past 12 months.

• Interest margin rose to 2.66% in Q1 2025 from 2.57% in Q1 2024.

• Cost/income ratio improved to 53.98% from 55.04% in Q1 2024.

Outlook and guidance

• Ambitious target to reach NOK 10 billion in business capital by 2026, with focus on local advisory and scalable growth.

• Management expects low future credit losses due to a diversified portfolio and strong collateral.

• Norges Bank expected to lower policy rate during 2025; economic uncertainty remains.

• New standard bank model in 2025 expected to further boost lending capacity.