SKUE SPAREBANK
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SKUE SPAREBANK (SKUE) investor relations material

SKUE SPAREBANK Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary9 Feb, 2026

Executive summary

  • Achieved strong loan growth in the retail market and continued to gain market share in core areas.

  • Completed technical and legal mergers with Hjartdal, Gransherad, and Tinn Sparebank, and established five new foundations.

  • Proposed 100% distribution of 2025 annual profit as gifts and dividends, totaling NOK 22.27 per equity certificate.

  • Significant value creation from Eika ownership, with increased value and dividends impacting extended results.

Financial highlights

  • Net interest income rose 19% year-over-year to NOK 561.5 million; net commission income up 35.4%.

  • Result before tax for 2025 was NOK 391.8 million, with total comprehensive income at NOK 439.8 million, up 40.2%.

  • Return on equity (ROE) from total result was 13.4%; ROE excluding hybrid capital was 9.1%.

  • One-off merger costs were NOK 22.9 million in 2025.

  • Net loan losses totaled NOK 29.7 million; net non-performing loans increased to NOK 132.9 million.

Outlook and guidance

  • Focus on capital optimization through organic growth and increased dividends.

  • Continued efficiency improvements expected after two years of mergers; further merger costs anticipated in H1 2026.

  • New dividend strategy targets 75-100% payout of annual profit.

  • Norges Bank expected to lower policy rate 1-2 times in 2026, with moderate economic growth and sector-specific challenges.

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Frequently asked questions

Skue Sparebank, formerly known as Nes Prestegjelds Sparebank until 2013, is a Norwegian financial institution offering a wide array of banking products and services catering to both individuals and businesses. Its services encompass operating, tax deduction, capital, client, deposit, and group accounts, alongside business, construction, consumer, car, and other vehicle loans. The bank also provides mortgage, bank guarantee, factoring, overdraft, and leasing services. In addition to these, Skue Sparebank offers insurance products for home and leisure, cars and other vehicles, animals, company and employees, and agriculture. Savings and pension products, as well as online and mobile banking, bank card, and payment services, form part of its comprehensive offerings. The bank was established in 1842, emphasizing its long-standing presence in the Norwegian banking sector. Skue Sparebank is headquartered in Geilo, Norway, and its shares are listed on the Oslo Stock Exchange.

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