SpareBank 1 SMN (SRMGF) Q3 2025 Earnings Call Prepared Remarks Transcript

Core Insights - SpareBank 1 SMN reported a strong financial performance for Q3 2025, with a profit of NOK 1.171 billion and a return on equity of 15.9% [1] - The bank experienced strong net interest income, lower costs, and continued low loan losses, alongside contributions from associated companies [1] - The CET1 ratio stood at 17.8% at the end of the quarter, indicating a solid financial position despite the new mortgage loan floor [1] Financial Performance - The profit for the year to date reached NOK 3.305 billion, with a return on equity of 15.3%, although this represents a decrease of NOK 235 million compared to the same period last year [2] - The decrease in year-to-date profit is attributed to a significant one-off gain from a previous transaction involving Fremtind and Eika Insurance [2] Market Dynamics - Loan growth for the quarter was 0.8%, driven by strong retail market growth, while corporate market growth remained stagnant [1] - The real estate brokerage subsidiary performed well, achieving a strong seasonal quarter with increased units sold and higher prices per assignment [2]