Sparebank 68 Grader Nord (SB68) Q3 2025 earnings summary

Executive summary

• Net profit after tax for Q3 2025 was NOK 108.4 million, up from NOK 98.4 million year-over-year.

• Return on equity (annualized) reached 9.1%, compared to 8.8% in Q3 2024.

• Total comprehensive income at Q3 2025 was NOK 111.6 million, up from NOK 96.2 million last year.

Financial highlights

• Operating profit before tax was NOK 144.6 million, up from NOK 134.2 million year-over-year.

• Net interest income was NOK 228.7 million (2.45% of avg. assets), slightly up from NOK 226.9 million (2.52%).

• Other operating income increased to NOK 40.1 million from NOK 36.9 million.

• Operating expenses rose to NOK 116.8 million, mainly due to higher personnel costs.

• Loan losses and guarantees cost NOK 7.9 million, down from NOK 18.1 million.

Outlook and guidance

• Norges Bank cut rates twice in 2025; further annual cuts expected over the next three years.

• Lower interest rates and increased household optimism are leading to fewer defaults and requests for payment holidays.

• The bank is considered well-positioned for future challenges in operations, liquidity, and capital.