About us

Fourth quarter 2024

  • Pre-tax profit NOK 1,305m (1,496m)
  • Net profit NOK 1,052m (1,247m)
  • Return on equity 14.4% (18.3%)
  • CET1 ratio 18.3% (18.8%)
  • Growth in lending 0.9% (0.9%) and in deposits 2.1% (minus 3.9%)
  • Lending to the bank’s retail customers rose 1.5% in the quarter (0.8%), 0.2 percentage points higher growth than in the third quarter. Lending to the bank’s corporate clients decreased 0.4% (1.0% growth) which was 4.9 percentage points lower growth than in the third quarter
  • Deposits from retail customers rose 1.3% (1.1%), 2.3 percentage points higher growth than in the third quarter. Deposits from corporate clients rose 2.5% (reduction of 10%). This is 3.3 percentage points higher growth than in the third quarter
  • Net result of ownership interests was NOK 227m (90m)
  • Net result of financial instruments (incl. dividends) was NOK 56m (448m)
  • Losses on loans and guarantees: NOK 30m (20m)
  • Earnings per equity certificate (EC): NOK 4.67 (5.62).
  • Book value per EC: NOK 128.09 (120.48)
smn-investor-q2-2024-trondheim-nidelva
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SpareBank 1 SMN is a regional independent financial services group. Closeness and capability are the hallmarks of our relationship to the market. We are present across municipalities in Trøndelag, Møre og Romsdal, and Vestland.

A one-stop provider to households and firms in the fields of financing, savings and investment, insurance and payment services, we are the region's largest private contributor to business development and non-profit causes through our donation work.

We have several subsidiaries: 

  • EiendomsMegler 1 Midt-Norge
  • SpareBank 1 Finans Midt-Norge
  • SpareBank 1 Regnskapshuset SMN

 

Sustainability

As a regional bank, sustainability and social responsibility is an important focus area for us - locally, nationally and globally. 

We follow the UN principles for sustainability and our strategy for sustainability is built on our values, with responsible being the most important. 

Read more about how we work with sustainability