SpareBank 1 SMN

Earnings Release • Oct 22, 2024

SpareBank 1 Gruppen – Q3 2024 Results

SpareBank 1 Gruppen – Q3 2024 Results

SpareBank 1 Gruppen's consolidated net profit after tax for the 3th quarter and YTD in 2024 were NOK 825 (-64) million and NOK 1.240 (187) million, respectively. The majority's share of the consolidated net profit after tax for the third quarter and YTD in 2024 were NOK 442 (-66) million and NOK 647 (86) million, respectively.

SpareBank 1 SMN holds an ownership stake of 19,5% in SpareBank 1 Gruppen AS. SpareBank 1 SMN's share of SpareBank 1 Gruppen's net profit after tax for the 3th quarter was NOK 86 (-13) million. SpareBank 1 SMN's majority share of net profit YTD was NOK 127 (17) million.

The entry of Eika Forsikring AS on July 1 st led to an increase in equity in the SpareBank 1 Gruppen group, and the final calculation of the majority share of the equity amounted to 2.3 billion. SpareBank 1 SMN will recognize in the income statement 19.5 percent , which amounts to NOK 452 million in the third quarter.

Fremtind Holding Group, owned 51,44 % by SpareBank 1 Gruppen AS, reported a pre-tax profit of NOK 1.095 (20) million in the 3th quarter and NOK 1.824 (366) million YTD.

Figures in parentheses indicate the amounts for the corresponding period in 2023.

Trondheim, 22 October, 2024

Contact person in SpareBank 1 SMN:

CFO, Trond Søraas, tel. +47 922 36 803

This information is subject to disclosure requirements pursuant to the Securities Trading Act §5-12.