SpareBank 1 SMN

Regulatory Filings • Aug 18, 2023

SpareBank 1 SMN: Adjustment to tax expense for the second quarter 2023

SpareBank 1 SMN: Adjustment to tax expense for the second quarter 2023

In connection with the merger with SpareBank 1 Søre Sunnmøre, SpareBank 1 SMN calculated a second-quarter tax expense that is NOK 71 million below the correct level. Moreover, the balance sheet amounts calculated for deferred tax and goodwill are NOK 33 million above the correct level as at 30 June 2023. The amounts are identical in the parent bank and the group.

The above amounts are substantially below the bank’s and the auditor’s materiality threshold, and will accordingly be adjusted in the third quarter of 2023.

The effect on the financial result and key figures and ratios for the group so far this year and in the second quarter of 2023 is shown in the enclosed table.

Contact:

For investors and analysts:

CFO Trond Søraas on +47 922 36 803

For the media:

Executive vice president Rolf Jarle Brøske on +47 911 12 475