Reported earnings per ECC of NOK 3.66, -16% compared to consensus...... EPS miss was driven by weaker core lines, with NII down 10% q/qNCI a bit better, but offset by a miss also on the trading line and loan lossesOperating expenses higher than expected, NOK 916m, i.e. 3% above consensusReported ROE 11.3% (170bps below the 13% target),With a miss on most lines vs consensus we expect the EC to underperform today
07 May 2026
Arctic FLASH: SpareBank 1 SMN - Soft Q1 report with a 16% EPS miss vs consensus
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Arctic FLASH: SpareBank 1 SMN - Soft Q1 report with a 16% EPS miss vs consensus
- Published:
07 May 2026 -
Author:
Roy Tilley | Christoffer Bergum Brørs -
Pages:
11 -
Reported earnings per ECC of NOK 3.66, -16% compared to consensus...... EPS miss was driven by weaker core lines, with NII down 10% q/qNCI a bit better, but offset by a miss also on the trading line and loan lossesOperating expenses higher than expected, NOK 916m, i.e. 3% above consensusReported ROE 11.3% (170bps below the 13% target),With a miss on most lines vs consensus we expect the EC to underperform today