NIDAROS SPAREBANK (NISB) Q2 2025 earnings summary

Executive summary

• Net profit after tax for Q2 2025 was NOK 18.6 million, down from NOK 20.1 million year-over-year.

• Return on equity annualized at 6.79%, compared to 7.64% in Q2 2024.

• Total assets under management reached NOK 4,973 million, a 2.7% increase from last year.

• The bank remains part of the LOKALBANK alliance, now expanded to 16 banks.

Financial highlights

• Net interest income for Q2 2025 was NOK 55.2 million, slightly up from NOK 54.8 million year-over-year.

• Net interest margin was 2.28%, down from 2.43% in Q2 2024.

• Operating expenses increased to NOK 43.4 million, with cost/income ratio at 64.2% (59.0% last year).

• Net commission and other operating income was NOK 12.3 million, down from NOK 12.9 million.

• Loan loss provisions totaled NOK 14.4 million, nearly unchanged year-over-year.

Outlook and guidance

• Strong lending growth in both retail and corporate segments is expected to continue, with full-year targets of NOK 500 million growth in retail and NOK 250 million in corporate.

• Lower construction activity has impacted earnings, but signs of recovery in the new-build market are emerging.

• Interest rates on deposits and loans will be reduced from August 26, with a minor negative impact on earnings.

• The bank is intensifying risk management due to global economic uncertainties.