About us

Third quarter 2024

  • Pre-tax profit NOK 1,693m (996m)
  • Net profit NOK 1,441m (740m)
  • Return on equity 21.0 per cent (11.1 per cent)
  • A gain of NOK 452m related to the merger between Fremtind and Eika Forsikring was recognised in the third quarter.
  • CET1 ratio 18.2 per cent (19.7 per cent)
  • Growth in group lending 2.2 per cent (1.0 per cent) in the third quarter
  • Reduction in deposits of 1.2 per cent (reduction of 1.4 per cent) in the third quarter
  • The net result of ownership interests was NOK 685m (minus NOK 2m), including the gain from the merger between Fremtind and Eika Forsikring
  • The net result of financial instruments (incl. dividends) was minus NOK 14m (64m)
  • Losses on loans and guarantees: NOK 75m (35m)
  • Earnings per equity certificate (EC): NOK 6.42 (3.28)
  • Book value per EC was NOK 124.05 (116.39) and the price of the bank’s EC (MING) was NOK 153.46 (137.20) at the end of the quarter
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
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