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Sparebanken Vest ( (SPIZF) ) has shared an announcement.
Sparebanken Vest reported a strong first quarter in 2025, with a profit before tax of NOK 1,415 million and a return on equity of 21.3%. The bank achieved solid growth in net interest and commission income, driven by increased lending and customer growth, particularly through its Bulder concept. Despite merger costs with Sparebanken Sør, the bank maintained a low cost-to-income ratio and reported minimal losses, underscoring effective credit risk management. The upcoming merger will form Sparebanken Norge, positioning it as Norway’s largest savings bank.
More about Sparebanken Vest
Sparebanken Vest is Norway’s second largest savings bank, established in 1823, with a strong market position in Western Norway. It operates as a comprehensive financial institution for both personal and corporate clients, with a presence in 37 locations across Vestland, Rogaland, and Møre og Romsdal. The bank is headquartered in Bergen and plays a significant role in regional value creation.
YTD Price Performance: -11.94%
Average Trading Volume: 3,500
Technical Sentiment Signal: Buy
Current Market Cap: $1.45B
For an in-depth examination of SPIZF stock, go to TipRanks’ Stock Analysis page.