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An update from SpareBank 1 SMN ( (SRMGF) ) is now available.
SpareBank 1 SMN reported a profit of NOK 1,131 million after tax in the second quarter of 2025, driven by solid operations across all business areas and contributions from owner interests. The company achieved a return on equity of 16.2%, with lending and deposit growth at 1.2% and 0.9% respectively. The Group’s strategic initiatives have led to increased activity and profitability, particularly in the housing market, and the company maintains a strong CET1 ratio of 18.8%. Despite increased expenses due to a legal settlement and estate agency activities, the cost-income ratio remains solid, and loan losses are low. The performance underscores SpareBank 1 SMN’s role as a stable financial partner in a turbulent economic environment.
The most recent analyst rating on (SRMGF) stock is a Hold with a NOK171.00 price target. To see the full list of analyst forecasts on SpareBank 1 SMN stock, see the SRMGF Stock Forecast page.
More about SpareBank 1 SMN
SpareBank 1 SMN operates in the financial services industry, focusing on banking and financial solutions. The company is committed to profitable growth in its home market, with a strong presence in Mid Norway and a strategic focus on expanding market share in Oslo.
Average Trading Volume: 107,537
Current Market Cap: NOK27.68B
Learn more about SRMGF stock on TipRanks’ Stock Analysis page.