SpareBank 1 SMN returned a profit of NOK 1,131m after tax in the second quarter
of 2025. The result primarily reflects solid operations in all business areas
and contributions from the Group's owner interests. Profitable growth in the
home market remains the Group's chief focus. 

Return on equity in the second quarter was 16.2 per cent. Lending growth was 1.2
per cent, and deposit growth 0.9 per cent. The Group is now delivering on all
financial goals. 

"We have over time underscored our priority of profitable growth, and to that
end have combined a series of growth initiatives with expanded interaction
between the respective business lines. The synergies achieved are now
contributing to growth and profitability throughout Mid Norway, at the same time
as we are taking market shares in prioritised segments in Oslo", says Group CEO
Jan-Frode Janson.

SpareBank 1 Regnskapshuset SMN and EiendomsMegler 1 Midt-Norge have increased
their turnover measured against the same period last year. The second quarter
reflects a high activity level, in which the housing market stands out with a
high turnover rate. 

"The fact that the base rate reduction is now benefiting customers engenders
greater optimism and heightened activity in the housing market. This is a
longed-for breathing space for people who have endured an elevated level of
costs, and brings increased activity to parts of business and industry that have
experienced an appreciable slowdown", says Mr Janson. 

A robust performance by Fremtind Forsikring brought increased profit
contributions from related companies measured against the previous quarter and
last year's second quarter.

The expenses growth in the second quarter is mainly attributable to increased
activity on the estate agency front, and to additional payments made to
TietoEvry following a legal dispute between the companies which has now been
settled by judgment delivered in the Court of Appeal. When this is adjusted for,
the cost-income ratio is seen to be solid, at the same time as we maintain a
strong focus on heightening operating efficiency. 

Loan losses in the first quarter remain at a low level. The CET1 ratio is 18.8
per cent at the end of the second quarter and is thus well above the Group's own
targets and regulatory requirements. 

"SpareBank 1 SMN is rock solid and performing well across its core business. We
hold a steady course in a turbulent period in which our foremost role is to be a
dependable bank for the long haul for people and businesses in Mid Norway.
No-one knows the region better than we do with our twenty-five finance centres
across Mid Norway and one in Oslo", says Group CEO Jan-Frode Janson. 


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

Profit after tax: NOK 1,131m (1,015m)
Return on equity: 16.2% (15.4%)
CET1 ratio: 18.8% (18.5%)
Growth in lending: 1.2% (1.5%) 
Growth in deposits: 0.9% (3.9%)
Losses on loans and guarantees: NOK 32m (47m)
Earnings per equity certificate: NOK 4.99 (4.43)

Trondheim, 7 August 2025

Contacts:
CFO Trond Søraas on +47 922 36 803
Executive director 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.