MING SpareBank 1 SMN

Corr: SpareBank 1 SMN: Presentation of 4th Quarter 2020 accounts

Corr: SpareBank 1 SMN: Presentation of 4th Quarter 2020 accounts

SpareBank 1 SMN is presenting 4th quarter 2020 financial results.

Time:    Friday 5 February at 08:00 AM CET

Place:    Webinar

Please register by 4 February on the link below:

/public/event/RegistrationForm/42445A4B79474450427340

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 4 February on the following link:

/public/event/RegistrationForm/42445A4B794041504B7040

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

The results will be published on 5 February at 7:00 AM CET.

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



EN
22/01/2021

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Reports on SpareBank 1 SMN

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Håkon Astrup
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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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