MING SpareBank 1 SMN

SpareBank 1 SMN: Presentation of 3rd Quarter 2020 accounts

SpareBank 1 SMN: Presentation of 3rd Quarter 2020 accounts

SpareBank 1 SMN is presenting 3rd quarter 2020 financial results.

Time:    Friday 30 October at 08:00 AM CET

Place:    Webinar

Please register by 28 October on the link below:

The presentation will be held in Norwegian by group CEO Jan-Frode Janson and CFO Kjell Fordal.

We will also host a Global Investor Webinar in English on the same day at 3:15 PM CET. Please register by 28 October on the following link:

Questions to the management in relation to both presentations can be sent to .

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)



EN
22/10/2020

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Reports on SpareBank 1 SMN

ABGSC Financials Research ... (+4)
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ABGSC Financials Research ... (+4)
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ABGSC Financials Research ... (+3)
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Håkon Astrup
  • Håkon Astrup

Sparebank 1 SMN (Buy, TP: NOK202.00) - Solid core revenue growth

Q1 PTP was NOK1,269m, 6% lower YOY, as stronger ‘real NII’ and fees were offset by soft trading and higher opex. On a QOQ basis, two fewer interest days, and somewhat softer growth, led to a ‘real NII’ decline. With a CET1 ratio of 18.1%, we see continued capital headroom, supportive of solid distributions. We have trimmed our 2026–2027e EPS by ~1% on the NII trend, but reiterate our BUY and NOK202 target price.

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