SpareBank 1 SMN delivered a profit of NOK 1,117m after tax in the third quarter.
The result is ascribable to high activity and profitable growth in all business
lines in the Group. With a CET1 ratio of 17.8 per cent, the bank is well
equipped for continued growth and uncertain times. 

The quarter reflects good results in the core business, concurrent with
increased earnings from Fremtind Forsikring. Losses remain at a low level, and
overall costs in the Group have risen by a moderate 2.9 per cent compared with
the same quarter of last year. 

"We believe the formula for achieving good results over time is to hold a steady
course and to deliver on our pledges. More (and more?) customers are opting for
SpareBank 1 SMN - we are considered to be one of the most attractive employers
in our region, and we are among the most attractive banks to invest in. A bank
for its customers, employees, and owners", says Group CEO Jan-Frode Janson.

Lending growth in the last 12 months comes to NOK 7.8m, and the overall loan
volume is now NOK 255bn. Lending to personal customers in this period has
climbed 4.9 per cent, while the loan volume to corporate customers is unchanged
in the same period. Overall deposit growth in the last 12 months is NOK 11bn,
and total customer deposits are now NOK 149bn. Deposits show 9.3 per cent growth
in the personal segment and 9.1 per cent growth in the corporate segment. 

Incomes from estate agency services have risen more than 16 per cent measured
against the same period of last year. Regnskapshuset's net profit is weaker than
in the previous quarter but at the same level as in the same quarter of last
year. This is mainly down to seasonal variations and increased investment in
cloud-based solutions and advisory services. SpareBank 1 Finans Midt-Norge
delivered a net profit of NOK 66m in the third quarter, approximately on a par
with the same quarter last year. 

"We maintain a strong presence in all business lines in Mid Norway through our
26 finance centres. Our concept is to make a difference in the local community
by offering customers everything from banking and estate agency services to
financing and accounting services under the same roof. Moreover, digital
customer services are ever more integrated into our physical presence. This
simplifies customers' everyday lives and makes our business more profitable,"
says Group CEO Jan-Frode Janson.

The Board of Directors of SpareBank 1 SMN has decided to invite Group management
team members to purchase equity certificates at a 30 per cent discount, subject
to a lock-in period of three years. The Group CEO is entitled to purchase up
30,000 equity certificates, while other members of the Group management team may
purchase up to 15,000 certificates. This decision requires approval from
Finanstilsynet and will be notified to the Stock Exchange in connection with the
purchase and allocation of equity certificates. 

Key figures 
(Consolidated figures. Figures in parenthesis refer to the same period of 2024
unless otherwise stated)

Profit after tax: NOK 1,171m (1,441m)
Return on equity: 15.9% (21.0%)
CET1 ratio: 17.8% (18.2%)
Growth in lending: 0.8% (2.2%) 
Growth in deposits: -0.3% (-1.2%)
Losses on loans and guarantees: NOK 27m (75m)
Earnings per equity certificate: NOK 5.19 (4.43)

Trondheim, 29 October 2025


Contacts:
CFO Trond Søraas on +47 922 36 803
Executive Vice President Rolf Jarle Brøske on +47 911 12 475


The above information is subject to public disclosure pursuant to Section 5-12
of the Securities Trading Act.