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Haugesund Sparebank (HGSB) investor relations material
Haugesund Sparebank Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Stable core operations and continued strong loan growth, with a 27.56% increase in loans on balance and 32.37% including transferred volumes year-over-year.
Q1 2026 pre-tax profit was TNOK 57,247, down from TNOK 62,970 last year, mainly due to higher depreciation and negative securities performance.
Net interest income improved, while costs rose due to the Tysnes Sparebank merger and new headquarters.
The merger with Tysnes Sparebank significantly increased balance sheet figures and equity.
Financial highlights
Net interest income: TNOK 102,893 (Q1 2026), up from TNOK 89,269 (Q1 2025).
Pre-tax profit: TNOK 57,247 (Q1 2026) vs. TNOK 62,970 (Q1 2025).
Net profit after tax: TNOK 44,347 (Q1 2026) vs. TNOK 48,670 (Q1 2025).
Total assets: TNOK 20,648,800, up 24.86% year-over-year.
Equity: TNOK 2,799,744, up from TNOK 2,138,006 last year.
Cost/income ratio (excl. securities): 49.14% (Q1 2026) vs. 44.49% (Q1 2025).
Outlook and guidance
Positioned for further growth and development in the core market, with strengthened competitiveness post-merger.
Focus on cost reduction throughout 2026.
- Solid growth, improved efficiency, and strong credit quality underpin a stable outlook.HGSB
CMD 2024 presentation6 Mar 2026 - Merger and listing announced as business capital hits NOK 24.7B and profitability remains strong.HGSB
CMD 2025 presentation6 Mar 2026 - Profit and lending surged post-merger, with robust capital and improved return on equity.HGSB
Q4 202513 Feb 2026 - Net profit exceeds NOK 200 million, with strong growth and robust capital after the Tysnes merger.HGSB
Investor Update1 Dec 2025 - Profit and capital ratios surged after the Tysnes merger, with strong loan and deposit growth.HGSB
Q3 202513 Nov 2025 - Strong profit growth, high lending and deposit increases, and solid capital position in Q2 2025.HGSB
Q2 202515 Aug 2025 - Strong loan growth and higher net interest income, with merger process ongoing.HGSB
Q3 202413 Jun 2025 - Loan growth and strong capital position, with Oslo Børs listing completed in July.HGSB
Q2 202413 Jun 2025 - Q1 2025 saw record profits, strong loan growth, and a solid capital base for Haugesund Sparebank.HGSB
Q1 20256 Jun 2025
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