Bien Sparebank (BIEN) Q2 2025 earnings summary

Executive summary

• Achieved strong loan growth of 20.98% year-over-year, surpassing market credit growth by over five times, with forretningskapital reaching NOK 8.14 billion and progressing toward the NOK 10 billion target.

• Net profit after tax for H1 2025 was NOK 35.5 million, up from NOK 34.12 million year-over-year.

• Maintained a robust capital base and low risk profile, focusing on local market presence and personalized advisory services.

Financial highlights

• Net interest income for H1 2025 was NOK 67.9 million, up NOK 3.3 million year-over-year; net commission income rose to NOK 11 million.

• Return on equity for H1 2025 was 9.96%, slightly up from 9.91% the previous year; adjusted ROE was 10.53%.

• Net interest margin declined to 2.42% from 2.52% year-over-year.

• Cost-to-income ratio increased to 46.8% from 45.2% year-over-year, reflecting higher operating costs and strategic investments.

• Earnings per share for Q2 2025 were NOK 5.91, up from NOK 5.67 in Q2 2024.

Outlook and guidance

• Targeting NOK 10 billion in forretningskapital by end of 2026, with a 25% increase planned and focus on sustainable growth.

• Transition to the new CRR3 standard method has increased growth capacity within the existing capital base.

• Management expects further loan growth, supported by strong demand in Oslo and surrounding areas.

• Economic uncertainty remains due to geopolitical tensions and changing interest rate outlook; further rate cuts expected if inflation moderates.