Sparebank 1 Sør-Norge and SMN report third-quarter profits
Sparebank 1 Sør-Norge and Sparebank 1 SMN reported Q3 profit after tax of NOK 1,757 million and NOK 954 million respectively, according to Reuters.
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what happened
Reuters reported that Sparebank 1 Sør-Norge earned a profit after tax of NOK 1,757 million in the third quarter. Its return on equity came in at 13.2%, and profit before tax reached NOK 2,177 million. Net interest income rose 4.2% to NOK 2,237 million, operating costs totaled NOK 1,208 million, and impairments on loans and financial liabilities were NOK 85 million.
Reuters also published figures for Sparebank 1 SMN, whose third-quarter profit after tax was NOK 954 million.
why it matters
Quarterly results from Norwegian regional lenders offer a read on the local credit market and how interest income is trending. Sparebank 1 Sør-Norge's rise in net interest income points to a steady margin, so for the broader market these figures serve more as an indicator than a driver.
tags
instruments
sources
- Sparebank 1 Sør-Norge Q3 Profit After Tax NOK 1,757 Mln — Reuters, 29 October 2026 at 06:14 UTC
- Sparebank 1 SMN Q3 Profit After Tax At NOK 954 Mln — Reuters, 29 October 2026 at 06:12 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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