SpareBank 1 SMN Income Statement

Financials in millions NOK. Fiscal year is January - December.

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	11,644	11,685	9,721	5,207	3,521
Interest Income on Investments	2,000	1,908	1,568	753	414
Total Interest Income	13,644	13,593	11,289	5,960	3,935
Interest Paid on Deposits	8,276	8,187	6,631	2,588	1,107
Net Interest Income	5,368	5,406	4,658	3,372	2,828
Net Interest Income Growth (YoY)	-0.70%	16.06%	38.14%	19.24%	1.11%
Gain (Loss) on Sale of Investments	-11	88	572	192	369
Gain (Loss) on Sale of Equity Investments	1,017	1,254	297	442	705
Other Non-Interest Income	2,684	2,374	2,097	1,934	2,083
Total Non-Interest Income	3,690	3,716	2,966	2,568	3,157
Non-Interest Income Growth (YoY)	-0.70%	25.29%	15.50%	-18.66%	-8.09%
Revenues Before Loan Losses	9,058	9,122	7,624	5,940	5,985
Provision for Loan Losses	140	176	14	-7	161
Revenue	8,918	8,946	7,610	5,947	5,824
Revenue Growth (YoY)	-0.31%	17.56%	27.96%	2.11%	10.28%
Salaries and Employee Benefits	2,089	1,981	1,691	1,406	1,378
Selling, General & Administrative	89	104	93	86	75
Other Non-Interest Expense	1,301	1,215	1,233	952	905
Total Non-Interest Expense	3,479	3,300	3,017	2,444	2,358
EBT Excluding Unusual Items	5,439	5,646	4,593	3,503	3,466
Pretax Income	5,439	5,646	4,593	3,503	3,466
Income Tax Expense	1,072	1,054	904	718	563
Earnings From Continuing Operations	4,367	4,592	3,689	2,785	2,903
Minority Interest in Earnings	-88	-106	-74	-130	-160
Net Income	4,279	4,486	3,615	2,655	2,743
Preferred Dividends & Other Adjustments	1,528	1,587	1,286	997	1,021
Net Income to Common	2,751	2,899	2,329	1,658	1,722
Net Income Growth	-4.61%	24.09%	36.16%	-3.21%	48.11%
Basic Shares Outstanding	144	144	138	129	129
Diluted Shares Outstanding	144	144	138	129	129
Shares Change (YoY)	0.00%	4.40%	6.80%	-0.02%	-0.01%
EPS (Basic)	19.08	20.11	16.86	12.82	13.31
EPS (Diluted)	19.08	20.11	16.86	12.82	13.31
EPS Growth	-5.11%	19.22%	31.53%	-3.70%	50.15%
Dividend Per Share	13.500	12.500	12.000	6.500	7.500
Dividend Growth	8.00%	4.17%	84.61%	-13.33%	70.45%
Effective Tax Rate	19.71%	18.67%	19.68%	20.50%	16.24%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.