SPAREBANK 1 NORDMØRE (SNOR) Q3 2025 earnings summary

Executive summary

• Achieved strong results and satisfactory growth in Q3 2025, with stable lending growth and high customer satisfaction.

• Maintained good underlying operations despite extraordinary IT costs and ongoing macroeconomic uncertainty.

• Result before tax reached NOK 480 million as of 30.09.2025, up from NOK 445 million year-over-year.

• Return on equity was 12.3% (12.8% last year); for the parent bank, 10.9% (11.0%).

• The bank operates mainly in Møre og Romsdal, offering a full range of financial services.

Financial highlights

• Pre-tax profit YTD reached 480 million NOK as of 30.09.2025, up from 445 million NOK the previous year.

• Net interest income YTD was 538 million NOK, up from 523 million NOK in 2024.

• Net commission and other income totaled NOK 209 million (NOK 184 million).

• Total income reached NOK 845 million (NOK 801 million).

• Operating expenses were NOK 333 million (NOK 310 million), or 1.52% of average assets.

• Cost/income ratio improved to 39.1% as of 30.09.2025, down from 39.5% in 2024.

Outlook and guidance

• Macroeconomic uncertainty persists, but low unemployment in the market area supports stability.

• Regional business expectations are neutral for the coming year, with sectoral variation.

• Loan growth is expected to remain strong in Q4, with deposit growth also above last year.

• The bank aims to maintain a cost/income ratio around current levels and sustain return on equity for the year.