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SpareBank 1 SMN ( (SRMGF) ) has issued an update.
SpareBank 1 SMN reported a profit of NOK 1,117 million after tax for the third quarter, driven by high activity and profitable growth across all business lines. The bank’s CET1 ratio of 17.8% positions it well for future growth despite uncertain times. The quarter saw increased earnings from Fremtind Forsikring and a moderate rise in overall costs. Lending and deposit growth were notable, with personal lending up 4.9% and deposits showing significant growth in both personal and corporate segments. The bank’s strategy of offering integrated services under one roof and enhancing digital customer services continues to strengthen its market position. Additionally, the Board has proposed allowing management to purchase equity certificates at a discount, pending regulatory approval.
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 is a financial services group operating in Mid Norway, offering a comprehensive range of services including banking, estate agency, financing, and accounting. The bank is recognized for its strong regional presence and integration of digital services, aiming to simplify customer interactions and enhance profitability.
Average Trading Volume: 90,912
Current Market Cap: NOK27.32B
See more data about SRMGF stock on TipRanks’ Stock Analysis page.