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Financial highlights - Group
| Income statement | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (Amounts in percentage of average assets) | ||||||||||
| Q3 2025 | Q3 2024 | 30.09.2025 | 30.09.2024 | 2024 | ||||||
| NOK million | % | NOK million | % | NOK million | % | NOK million | % | NOK million | % | |
| Net interest income | 515 | 1.88 | 523 | 2.08 | 1 503 | 1.88 | 1 549 | 2.09 | 2 071 | 2.08 |
| Net commission and other operating income | 81 | 0.30 | 80 | 0.32 | 235 | 0.29 | 204 | 0.27 | 287 | 0.29 |
| Net result from financial instruments | 17 | 0.06 | 23 | 0.09 | 45 | 0.06 | 59 | 0.08 | 43 | 0.04 |
| Total income | 613 | 2.24 | 626 | 2.49 | 1 783 | 2.23 | 1 812 | 2.44 | 2 401 | 2.41 |
| Total operating expenses | 251 | 0.91 | 243 | 0.96 | 755 | 0.94 | 720 | 0.97 | 955 | 0.96 |
| Profit before impairment on loans | 362 | 1.33 | 383 | 1.53 | 1 028 | 1.29 | 1 092 | 1.47 | 1 446 | 1.45 |
| Impairment on loans, guarantees etc. | 24 | 0.09 | 17 | 0.07 | 71 | 0.09 | -1 | 0.00 | 20 | 0.02 |
| Pre-tax profit | 338 | 1.24 | 366 | 1.46 | 957 | 1.20 | 1 093 | 1.47 | 1 426 | 1.43 |
| Taxes | 80 | 0.29 | 86 | 0.35 | 224 | 0.28 | 258 | 0.34 | 340 | 0.34 |
| Profit after tax | 258 | 0.95 | 280 | 1.11 | 733 | 0.92 | 835 | 1.13 | 1 086 | 1.09 |
| Balance sheet | |||||
|---|---|---|---|---|---|
| (NOK million) | 30.09.2025 | YTD-change 2025 (%) | 31.12.2024 | Change last twelve months (%) | 30.09.2024 |
| Total assets 4) | 107 982 | 5.5 | 102 335 | 1.0 | 106 889 |
| Average assets 4) | 106 436 | 6.7 | 99 776 | 7.6 | 98 926 |
| Loans to and receivables from customers | 89 429 | 2.9 | 86 875 | 3.7 | 86 272 |
| Gross loans to retail customers | 59 217 | 2.3 | 57 872 | 3.9 | 57 001 |
| Gross loans to corporate and public entities | 30 502 | 4.3 | 29 255 | 3.3 | 29 516 |
| Deposits from customers | 52 572 | 6.1 | 49 550 | 6.8 | 49 203 |
| Deposits from retail customers | 31 533 | 4.6 | 30 149 | 4.1 | 30 277 |
| Deposits from corporate and public entities | 21 039 | 8.4 | 19 401 | 11.2 | 18 926 |
| Key figures and Alternative Performance Measures (APMs) | |||||
|---|---|---|---|---|---|
| Q3 2025 | Q3 2024 | 30.09.2025 | 30.09.2024 | 2024 | |
| Return on equity (annualised) 3) 4) | 12.2 | 13.8 | 11.7 | 14.0 | 13.7 |
| Cost/income ratio 4) | 40.8 | 38.7 | 42.3 | 39.7 | 39.8 |
| Losses as a percentage of loans and guarantees (annualised) 4) | 0.11 | 0.08 | 0.11 | 0.00 | 0.02 |
| Gross credit-impaired commitments as a percentage of loans/guarantee liabilities | 0.45 | 0.53 | 0.45 | 0.53 | 0.58 |
| Net credit-impaired commitments as a percentage of loans/guarantee liabilities | 0.32 | 0.41 | 0.32 | 0.41 | 0.45 |
| Deposit-to-loan ratio 4) | 58.6 | 56.9 | 58.6 | 56.9 | 56.9 |
| Liquidity Coverage Ratio (LCR) | 174 | 165 | 174 | 165 | 167 |
| NSFR (Net Stable Funding Ratio) | 124 | 121 | 124 | 121 | 122 |
| Lending growth as a percentage 4) | 0.0 | 1.4 | 3.7 | 8.2 | 6.5 |
| Deposit growth as a percentage 4) | 0.2 | -0.1 | 6.8 | 5.5 | 4.5 |
| Capital adequacy ratio 1) | 22.7 | 21.3 | 22.7 | 21.3 | 21.1 |
| Tier 1 capital ratio 1) | 20.6 | 19.2 | 20.6 | 19.2 | 19.0 |
| Common Equity Tier 1 capital ratio (CET1) 1) | 18.7 | 17.3 | 18.7 | 17.3 | 17.2 |
| Leverage Ratio (LR) 1) | 7.5 | 7.3 | 7.5 | 7.3 | 7.4 |
| Man-years | 405 | 409 | 405 | 409 | 402 |
| Equity Certificates (ECs) | |||||||
|---|---|---|---|---|---|---|---|
| 30.09.2025 | 30.09.2024 | 2024 | 2023 | 2022 | 2021 | ||
| Profit per EC (Group) (NOK) 2) 5) | 6.79 | 7.92 | 9.95 | 10.12 | 7.50 | 31.10 | |
| Profit per EC (parent bank) (NOK) 2) 5) | 7.02 | 7.90 | 9.55 | 10.34 | 8.48 | 30.98 | |
| Number of ECs 5) | 49 795 520 | 49 434 770 | 49 795 520 | 49 434 770 | 49 434 770 | 9 886 954 | |
| Nominal value per EC (NOK) 5) | 20.00 | 20.00 | 20.00 | 20.00 | 20.00 | 100.00 | |
| EC fraction 1.1 as a percentage (parent bank) | 49.1 | 49.7 | 49.1 | 49.7 | 49.7 | 49.7 | |
| EC capital (NOK million) | 995.90 | 988.70 | 995.90 | 988.70 | 988.70 | 988.70 | |
| Price at Oslo Stock Exchange (NOK) | 107.6 | 83.6 | 97.0 | 84.0 | 84.4 | 444 | |
| Stock market value (NOK million) | 5 356 | 4 130 | 4 830 | 4 153 | 4 173 | 4 390 | |
| Book value per EC (Group) (NOK) 4) 5) | 82.3 | 81.0 | 81.5 | 80.7 | 74.8 | 350 | |
| Dividend per EC (NOK) 5) | 6.25 | 7.50 | 6.25 | 7.50 | 4.00 | 16.00 | |
| Price/Earnings (Group, annualised) | 11.9 | 7.9 | 9.8 | 8.3 | 11.3 | 14.3 | |
| Price/Book value (P/B) (Group) 2) 4) | 1.31 | 1.03 | 1.19 | 1.04 | 1.13 | 1.27 | |
| 1) Incl. 50 % of the comprehensive income after tax | |||||||
| 2) Calculated using the EC-holders' share of the period's profit to be allocated to equity owners | |||||||
| 3) Calculated using the share of the profit to be allocated to equity owners | |||||||
| 4) Defined as Alternative Performance Measure (APM), see www.sbm.no/IR | |||||||
| 5) Our EC(MORG) was split 1:5 in April 2022 | |||||||