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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.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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