Another solid quarter with good profitability

23 Oct 2025 07:00 CEST

Sparebanken Møre can point to a third quarter with increased income and better
results compared with previous quarters in 2025.

The bank’s profit has developed well throughout 2025, and the profit for the
third quarter amounts to NOK 258 million. At the end of the quarter, lending had
grown by 3.7 per cent in the past 12 months, and deposits by 6.8 per cent. The
return on equity for the quarter was 12.2 per cent, the level of costs is
stable, and the bank is financially solid with good liquidity.

- “We have improved profitability quarter by quarter in 2025 and are seeing that
good advice combined with investing in increased value creation and efficiency
yield results,” says CEO Trond Lars Nydal of Sparebanken Møre.

Strong customer satisfaction position
The bank is the market leader in our region, Nordvestlandet, and in a national
customer satisfaction survey* corporate customers have ranked the bank in the
top tier for 5 years in a row. Customers rank the bank as the best in terms of
image, accessibility and service quality.

- “The role of the customer adviser is crucial in ensuring good relationships
with both retail and corporate customers, and we are committed to knowing our
customers and being a strong, professional sparring partner. Our insights into
industries and local environments are resulting in good and profitable growth
for us," says Nydal.

AI and better customer experiences
The bank continues to develop its use of artificial intelligence (AI) to
streamline work processes and create even better customer experiences. The
majority of retail customers’ loan applications are now started in the digital
channel, which also results in internal efficiency gains.

- “Our customers’ needs vary, and we strive to be a good combination of a
physical and digital bank. We are using the opportunities provided by AI to
build solutions that meet our customers' needs even better. At the same time,
this frees up more time for advice and direct contact with customers,” says
Nydal.

Increased household consumption and optimism
As a small, open economy, turbulence and changes in the international landscape
can also impact Norway. So far, however, the economy has performed more strongly
than expected, and lower interest rates and falling inflation are contributing
to increased optimism and consumption amongst households. Low unemployment
combined with rising purchasing power are supporting the increase in household
consumption.

Prospects for Nordvestlandet
Activity levels in Nordvestlandet remain high, and the outlook for the maritime
cluster is good. The region's shipyards have solid order books for the coming
years, which will have positive ripple effects for other business sectors.

*Bank Survey 2025, EPSI Norge
 
Key figures – Q3 2025
• Net interest income: NOK 515 million/1.88 per cent (NOK 523 million/2.08 per
cent)
• Profit before loss: NOK 362 million (NOK 383 million)
• Profit after tax: NOK 258 million (NOK 280 million)
• Return on equity: 12.2 per cent (13.8 per cent)
• Cost/income ratio: 40.8 per cent (38.7 per cent)
• Earnings per equity certificate (Group): NOK 2.40 (NOK 2.66)

Comparable figures for Q3 2024 in brackets.

Key figures as at the end of Q3 2025
• Net interest income: NOK 1,503 million/1.88 per cent (NOK 1,549 million/2.09
per cent)
• Profit before loss: NOK 1,028 million (NOK 1,092 million)
• Profit after tax: NOK 733 million (NOK 835 million)
• Return on equity: 11.7 per cent (14.0 per cent)
• Cost income ratio: 42.3 per cent (39.7 per cent)
• Earnings per equity certificate (Group): NOK 6.79 (NOK 7.92)
• CET1 capital ratio: 18.7 per cent (17.3 per cent)
• Lending growth in the past 12 months: 3.7 per cent (8.2 per cent)
• Deposit growth in the past 12 months: 6.8 per cent (5.5 per cent)

Comparable figures as at the end of Q3 2024 in brackets.

Contacts
• Trond Lars Nydal, CEO, Mobile: +47 951 79 977
• John Arne Winsnes, CFO, Mobile: +47 462 80 999
• Trine Kvalheim, Chief Information Officer, Mobile: +47 454 65 680

This information is subject to the disclosure requirements pursuant to section
5-12 of the Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

657739_SBM Press release Q3 2025.pdf
657739_SBM Presentation Q3 2025.pdf
657739_SBM Quarterly report Q3 2025.pdf