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SpareBank 1 Nord-Norge ( (SPXXF) ) just unveiled an update.
SpareBank 1 Nord-Norge reported its indirect share of Fremtind Holding Group’s improved financial results, reflecting stronger profitability in the associated insurance and financial services business. Fremtind Holding Group delivered profit before tax of NOK 4,864 million year-to-date, up from NOK 2,994 million a year earlier, and profit after tax of NOK 3,662 million versus NOK 2,148 million, with fourth-quarter profit after tax rising to NOK 1,044 million from NOK 730 million. As a result, SpareBank 1 Nord-Norge’s share of Fremtind’s profit after tax for 2025 increased to NOK 367 million from NOK 215 million, signalling a significant earnings contribution from its indirect stake and underscoring the positive impact of Fremtind’s performance on the bank’s results and its position within the broader SpareBank 1 alliance.
More about SpareBank 1 Nord-Norge
SpareBank 1 Nord-Norge is a Norwegian savings bank that holds a 19.5% ownership stake in SpareBank 1 Gruppen AS, which in turn is the majority owner of Fremtind Holding Group. Through this structure, the bank has an indirect exposure to the Norwegian insurance and financial services market via Fremtind’s operations and profitability.
YTD Price Performance: -3.33%
Average Trading Volume: 76,875
Current Market Cap: NOK14.74B
See more data about SPXXF stock on TipRanks’ Stock Analysis page.