MING SpareBank 1 SMN

SpareBank 1 SMN: Innkalling til møte i representantskapet torsdag 26. november 2020 kl.15.00.

SpareBank 1 SMN: Innkalling til møte i representantskapet torsdag 26. november 2020 kl.15.00.

Representantskapets medlemmer i SpareBank 1 SMN innkalles til ekstraordinært representantskapsmøte, torsdag, 26. november kl. 15.00. Møtet avholdes digitalt.

Se vedlegg.

Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12

Vedlegg

EN
05/11/2020

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Reports on SpareBank 1 SMN

ABGSC Financials Research ... (+4)
  • ABGSC Financials Research
  • Fredrik Flørnes Støle
  • Jan Erik Gjerland
  • Simon Brun
ABGSC Financials Research ... (+4)
  • ABGSC Financials Research
  • Fredrik Flørnes Støle
  • Jan Erik Gjerland
  • Simon Brun
ABGSC Financials Research ... (+3)
  • ABGSC Financials Research
  • Fredrik Flørnes Støle
  • Jan Erik Gjerland
ABGSC Financials Research ... (+3)
  • ABGSC Financials Research
  • Fredrik Flørnes Støle
  • Jan Erik Gjerland
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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