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An update from SpareBank 1 Nord-Norge ( (SPXXF) ) is now available.
SpareBank 1 Nord-Norge reported a first-quarter 2026 pre-tax profit of NOK 924 million, down NOK 84 million from a year earlier, but maintained strong profitability with a 14.9% return on equity, low loan losses, and a solid CET1 ratio of 16.5%. The bank continues to strengthen its market-leading position, with 12‑month retail lending growth of 8.7% and corporate lending growth of 5.4%, and sees a clear upward trend after a weak 2025.
Despite the resilient results, management warns that inadequate preparedness and lagging infrastructure, including power grid constraints highlighted by Statnett, threaten the long‑term health of Northern Norwegian business and industry. The group plans to channel more of its Samfunnsløftet funds toward societal security initiatives, while urging authorities to step up investment in Northern Norwegian infrastructure to safeguard both regional growth and national interests.
More about SpareBank 1 Nord-Norge
SpareBank 1 Nord-Norge is a Norwegian regional bank focused on retail and corporate banking in Northern Norway. The group offers lending, savings, and financial services to households and businesses, and positions itself as a market leader in the region with a strategic emphasis on supporting the Northern Norwegian economy and infrastructure-dependent industries.
Average Trading Volume: 92,578
Current Market Cap: NOK15.46B
See more data about SPXXF stock on TipRanks’ Stock Analysis page.