Q3 Earnings per EC of NOK 6.04 vs ARCe/Cons 5.20/5.44. Q3 reported/adj. ROE 32.1%/21.1%Solid read on NII which came in 2%/1% above ARCe/Cons and increased 3% QoQResilient credit qualityImplementing cost initiatives with an annual effect of NOK 40-50m in 2027Overall a solid report

30 Oct 2024
Arctic FLASH: SpareBank 1 Nord-Norge - Adjusted ROE above 20% and cost initiatives announced

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Arctic FLASH: SpareBank 1 Nord-Norge - Adjusted ROE above 20% and cost initiatives announced
- Published:
30 Oct 2024 -
Author:
Roy Tilley | Martin Schei Nilsen -
Pages:
11 -
Q3 Earnings per EC of NOK 6.04 vs ARCe/Cons 5.20/5.44. Q3 reported/adj. ROE 32.1%/21.1%Solid read on NII which came in 2%/1% above ARCe/Cons and increased 3% QoQResilient credit qualityImplementing cost initiatives with an annual effect of NOK 40-50m in 2027Overall a solid report