Rogaland Sparebank (ROGS) Q4 2025 earnings summary

Executive summary

• Net profit after tax for 2025 was NOK 480 million, up from last year, mainly due to higher net interest income, with a return on equity of 11.3%.

• Lending growth over 12 months reached 9.9%, with total lending increasing by NOK 3.4 billion year-over-year.

• The board proposes a dividend of NOK 11.7 per equity certificate, representing a payout ratio of 93%.

• Assets under management increased to NOK 44 billion.

• The bank celebrated its 150th anniversary, increasing its community gift fund to NOK 40 million.

Financial highlights

• Net interest income for 2025 was NOK 784 million, up 9% year-over-year, driven by increased lending volume and the Hjelmeland Sparebank merger.

• Net interest margin was 1.88% for 2025, down from 1.95% in 2024.

• Cost-to-income ratio improved to 40.3% in 2025 from 42.6% in 2024.

• Loan losses and write-downs for 2025 totaled NOK 65.3 million, mainly due to two corporate bankruptcies in Q4.

• Earnings per equity certificate reached NOK 12.5 in 2025.

Outlook and guidance

• The bank expects continued growth opportunities in the Rogaland region, with strong market activity in energy, technology, and construction.

• Cost base for banking operations is expected to remain around NOK 100 million per quarter in 2026.

• The bank is well-capitalized and positioned for further growth in 2026.

• Financial targets for 2025-2028 include ROE above 11%, profitable growth above 5%, and CET1 above 16.15%.

• Dividend policy allows for a payout ratio of up to 100% of group profit after tax.