SOGN SPAREBANK (SOGN) Q3 2025 earnings summary

Executive summary

• Achieved higher income in Q3 2025 compared to the previous year, with main income from net interest margin. IFRS and IAS 34 standards applied in reporting.

• Result before losses reached NOK 112.1 million, up NOK 4.4 million year-over-year.

• Net reversals on loan losses of NOK 1.7 million, indicating improved credit quality.

• Return on equity after tax at 9.73% as of 30.09.2025.

• Total comprehensive income increased by NOK 37.1 million year-over-year, mainly due to value changes in financial assets.

Financial highlights

• Net interest income: NOK 140.3 million (2.26% of avg. assets), up slightly from NOK 139.5 million (2.35%) last year.

• Net other operating income: NOK 23.1 million (0.37% of avg. assets), up from NOK 20.5 million (0.35%).

• Net return on financial investments: NOK 29.9 million, up from NOK 22.9 million.

• Operating expenses: NOK 81.2 million (1.31% of avg. assets), up from NOK 75.3 million (1.27%).

• Profit after tax: NOK 88.8 million (1.43% of avg. assets), up from NOK 81.3 million (1.37%).

• Total assets: NOK 8,292.7 million, up 1.57% year-over-year.

Outlook and guidance

• Expectation of continued solid results and focus on being a strong local partner.

• Norges Bank reduced policy rate to 4.00% in September 2025, with a slower expected decline in 2026.

• Uncertainty remains regarding global economic developments and interest rate trajectory.

• Lower interest margins anticipated if rates fall further.