Norway's Sparebanken Norge Q4 pre-tax profit NOK 2.3 bln

Sparebanken Norge

30/01/2026 06:08

Overview

Norway's largest savings bank reported Q4 pre-tax profit of NOK 2,255 mln

Return on equity for Q4 was 13.5%, adjusted ROE was 15.4%

Merger with Oslofjord Sparebank completed, boosting lending and deposit growth

Outlook

Sparebanken Norge expects significant synergies from recent mergers in 2026 and 2027

Company plans to utilize excess capital for growth and competitive dividends

Sparebanken Norge maintains focus on capital efficiency for future growth

Result Drivers

LENDING GROWTH - Strong lending growth in retail and corporate segments, supported by increased sales capacity and market growth

MERGER IMPACT - Merger with Oslofjord Sparebank completed, enhancing operational efficiency and market presence

COST MANAGEMENT - Low cost-to-income ratio maintained despite merger-related expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Operating Expenses
NOK 3.58 bln
FY Pretax Profit
NOK 8.11 bln
FY ROE
15.90%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Sparebanken Norge is NOK181.50, about 2.3% below its January 29 closing price of NOK185.82

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nObi99T58a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)