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The latest update is out from SpareBank 1 SMN ( (SRMGF) ).
SpareBank 1 SMN posted a first-quarter 2026 profit after tax of NOK 849 million, delivering an 11.3 percent return on equity, as solid operations in a challenging market and a strong Common Equity Tier 1 ratio of 17.1 percent underpin further growth. Lending expanded 0.9 percent in the quarter to NOK 261.3 billion, with management stressing disciplined, profitable growth in its Central Norway home market and selected national niches.
The group’s diversified business model continued to gain traction, with SpareBank 1 Regnskapshuset SMN reporting NOK 46 million in profit and reinforcing its regional leadership via the acquisition of Berg Økonomi, while its finance and real estate units also contributed positive results. By broadening its revenue base and bolstering its presence in commercial real estate and consultancy services, the bank is reducing dependence on interest income and shoring up resilience at a time when traditional lending margins and loan losses of NOK 100 million weigh on profitability.
More about SpareBank 1 SMN
SpareBank 1 SMN is a Norwegian regional banking group focused on Central Norway, offering retail and corporate banking, financing, real estate brokerage and accounting services. Through subsidiaries such as SpareBank 1 Regnskapshuset SMN, SpareBank 1 Finans Midt-Norge and EiendomsMegler 1 Midt-Norge, it targets both consumers and the SME segment, and is building a strong position in the commercial real estate and national accountancy markets.
Average Trading Volume: 152,119
Current Market Cap: NOK29.39B
For a thorough assessment of SRMGF stock, go to TipRanks’ Stock Analysis page.