SpareBank 1 Nord-Norge: Strong numbers from Northern Norway

SpareBank 1 Nord-Norge delivers a pretax profit of NOK 4,279 million for 2025. The corresponding figure for 2024 was NOK 4,512 million.

– I am pleased both with the result and with the performances, says CEO Hanne Karoline Kræmer. Kræmer highlights the strong growth in the retail market as particularly positive.

– A 12-month growth rate of 9.8 percent in the retail market is very solid. The combination of competitive pricing, strong digital services and personal advisory support means that people in the north actively choose us – 4 out of 10 are now our customers. 12 months growth rate in the corporate market is more moderate, at 2.2 percent, reflecting a market with slightly lower activity and increased uncertainty, driven by unstable geopolitics, tariff threats and less predictable operating conditions.

The Group has low losses and maintains strong cost control.

– We work continuously on the cost side, and a C/I ratio of 32.5 percent is in line with expectations. Very low individual losses confirm that Northern Norway remains resilient despite a turbulent macroeconomic environment. The region has few bankruptcies – 230 in 2025 – and very low unemployment. This provides a solid foundation for continued value creation, and for us as a financial group, says Kræmer.

High Dividend and Strong Returns

SpareBank 1 Nord-Norge is well capitalized, and 56 percent of the profit is therefore distributed as dividends.

– We are proposing a dividend of NOK 8.5 per equity certificate. We can do this without limiting our growth opportunities, says Kræmer, who emphasizes the Group’s strong profitability.

– The Group has a financial target of achieving a return on equity at the top among comparable financial institutions. For 2025, return on equity ended at 18.1 percent, which is satisfying.

Revised targets

SpareBank 1 Nord Norge has over time delivered a return on equity that ranks among the very best in Norway and the Nordic region. The Group’s Board has now decided to raise the return-on-equity target from 13 to a minimum of 14 percent, or on par with comparable banks. The cost ratio target is at the same time adjusted from 40 percent to a maximum of 35 percent.

Key Figures: • Pretax profit: NOK 4,279 million (4,512) • Return on equity: 18,1% (21,8%) • C/I ratio: 32,5% (30,2%) • Losses: NOK 81 million (110) • Core capital ratio: 16.2% (16,8%) • Dividend: NOK 8.5 per equity certificate (8,75) (Comparable figures for 2024 in brackets)

Contacts: • CEO Hanne Karoline Kræmer, +47 414 70 483 • CFO Bengt Olsen, + 47 975 89 560 • COS Stein Vidar Loftås, +47 951 26 576

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Morten Tønder Albertsen, Head of Communications at SpareBank 1 Nord-Norge, on February 12, 2026 at 07:30 CET.