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SpareBank 1 SMN

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uuid000u14b

Namestring
SpareBank 1 SMN
Legal namestring
SpareBank 1 SMN
Websiteurl
sparebank1.no
Company typeenum
Public
Founded yearint
2007
Descriptiontext

SpareBank 1 SMN is a Norwegian regional savings bank that conducts banking activities and oversees its business, serving retail and corporate customers in Norway. As a publicly listed entity on Oslo Børs (ticker: OB:MING), the bank operates within the broader SpareBank 1 alliance of regional Norwegian savings banks, leveraging shared infrastructure and product platforms across the alliance network. The firm's disclosed financial product activity includes a €497.36 million issuance of 3.375% green senior notes due June 17, 2031, issued under Regulation S at 99.472% of principal, reflecting active participation in sustainable debt capital markets.

The bank's revenue mechanics follow a traditional Norwegian banking model: net interest income from deposits and lending, supplemented by fee income from banking services. It distributes through a conventional mix of physical branches and digital banking channels targeted at retail and corporate clients in Norway, with no publicly disclosed pricing or segment-level customer mix. The share trades at NOK 190.76 versus a DCF-estimated fair value of NOK 342.74, and at a P/E of 10.4x — below the Norwegian banking industry average of 11.8x — suggesting potential undervaluation on standard multiples.

The source data does not disclose headcount, AI/ML capabilities, technology stack, named customers, segment revenue mix, or product portfolio beyond the green senior notes instrument. The headquarters is listed as Oslo, Norway, and the operating geography is the Nordic/Norway market. Without further disclosure, the breadth of products (retail deposits, mortgages, corporate lending, capital markets) cannot be confirmed from the supplied information.

Short descriptiontext

SpareBank 1 SMN is a publicly listed Norwegian regional savings bank (Oslo Børs: OB:MING) that provides banking services — deposits, lending, and investment products — to retail and corporate customers across Norway through branch and digital channels.

Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
HeadquartersOslo, Norway
HQ citystring
Oslo
HQ countrystring
Norway
HQ regionstring
Europe
Markets served

Serves global market

Keyword5 values
retail banking services, commercial lending, wealth management, green bond financing, savings products
Industry1 code
1FSABAEAD
CodeFSABAEADPrimaryYes
NAICS code1 code
  • 52213
SIC code1 code
  • 6036
Product category
Regional Commercial Banking
Social media profiles2 records
Cost components4 values
Personnel, Operations, Technology or R&D, Marketing or Sales
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Core offering1 text field

SpareBank 1 SMN is a Norwegian regional savings bank that conducts banking activities and supervises the business, offering deposits, lending, and investment products to retail and corporate customers in Norway. As a member of the SpareBank 1 alliance, it operates as a publicly listed entity on Oslo Børs (ticker: OB:MING) and engages in sustainable financing, including the issuance of green senior notes.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

SpareBank 1 SMN is a Norwegian regional bank offering banking services. Based on the available source data, the company's financial products include a green senior notes issuance as part of its fixed income offerings. The source material is insufficient to detail the full product portfolio including retail banking, corporate banking, or digital banking services.

Product and service3 records
1Green Senior Notes (3.375%, due June 17, 2031)
CategoryDebt Capital Markets / Fixed Income
2Retail Banking Services
CategoryRetail Banking
3Corporate Banking Services
CategoryCorporate Banking
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move3 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
1Handelsbanken (Norway)
TypeBroad incumbent
Description

Swedish-headquartered universal bank with a meaningful Norwegian branch network. Competes with SpareBank 1 SMN for corporate and retail customers in Norway and serves as a regional peer for branch-based banking economics.

2Sbanken ASA
TypeEmerging player
Description

Norwegian digital-first bank (now owned by DNB) focused on retail deposits and lending. Comparable to SpareBank 1 SMN's retail and SME segments but operates with a much smaller branch footprint and digital-native model.

3SpareBank 1 Nord-Norge
TypeDirect peer
Description

Direct alliance partner and regional savings bank serving northern Norway. Same equity certificate structure and SpareBank 1 alliance benefits; comparable in size, product mix, and business model to SpareBank 1 SMN.

4SpareBank 1 SR-Bank
TypeDirect peer
Description

Another large regional savings bank within the SpareBank 1 alliance, listed on Oslo Børs. Operates the same mutual savings bank model with retail, corporate, and capital markets activities in southwestern Norway, making it the closest functional peer for benchmarking.

5Storebrand ASA
TypeBroad incumbent
Description

Major Norwegian financial group combining asset management, life insurance, and banking. Comparable as a large listed Norwegian financial institution for sector valuation, though its core franchise is asset management rather than deposit-taking.

6SpareBank 1 Østlandet
TypeDirect peer
Description

Alliance partner regional savings bank in eastern Norway operating under the same SpareBank 1 brand and shared platform. Provides nearly identical product set (deposits, lending, investment products) and similar peer comparison for valuation.

7SpareBank 1 Sørøst-Norge
TypeDirect peer
Description

Regional savings bank in the SpareBank 1 alliance serving southeastern Norway. Closely comparable in business model, mutual structure, and product offering to SpareBank 1 SMN.

8DNB Bank ASA
TypeBroad incumbent
Description

Norway's largest financial services group and the dominant incumbent across retail, corporate, and capital markets banking. Directly comparable as a Norwegian banking peer for P/E benchmarking, though substantially larger and more diversified than SpareBank 1 SMN.

9KLP Banken AS
TypeRegional player
Description

Norwegian mutual financial group providing retail and corporate banking alongside pensions and insurance. Comparable as a Norwegian mutual-structured bank competing for similar retail and public-sector customers.

10Nordea Bank Abp
TypeBroad incumbent
Description

Largest Nordic financial group with material Norwegian operations. Comparable as a peer for valuation, capital metrics, and Nordic banking sector dynamics, though materially larger and more geographically diversified.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

SpareBank 1 SMN

Regional Commercial Bankingsparebank1.no

SpareBank 1 SMN is a publicly listed Norwegian regional savings bank (Oslo Børs: OB:MING) that provides banking services — deposits, lending, and investment products — to retail and corporate customers across Norway through branch and digital channels.

What SpareBank 1 SMN does

SpareBank 1 SMN is a Norwegian regional savings bank that conducts banking activities and oversees its business, serving retail and corporate customers in Norway. As a publicly listed entity on Oslo Børs (ticker: OB:MING), the bank operates within the broader SpareBank 1 alliance of regional Norwegian savings banks, leveraging shared infrastructure and product platforms across the alliance network. The firm's disclosed financial product activity includes a €497.36 million issuance of 3.375% green senior notes due June 17, 2031, issued under Regulation S at 99.472% of principal, reflecting active participation in sustainable debt capital markets.

The bank's revenue mechanics follow a traditional Norwegian banking model: net interest income from deposits and lending, supplemented by fee income from banking services. It distributes through a conventional mix of physical branches and digital banking channels targeted at retail and corporate clients in Norway, with no publicly disclosed pricing or segment-level customer mix. The share trades at NOK 190.76 versus a DCF-estimated fair value of NOK 342.74, and at a P/E of 10.4x — below the Norwegian banking industry average of 11.8x — suggesting potential undervaluation on standard multiples.

The source data does not disclose headcount, AI/ML capabilities, technology stack, named customers, segment revenue mix, or product portfolio beyond the green senior notes instrument. The headquarters is listed as Oslo, Norway, and the operating geography is the Nordic/Norway market. Without further disclosure, the breadth of products (retail deposits, mortgages, corporate lending, capital markets) cannot be confirmed from the supplied information.

SpareBank 1 SMN firmographics

Firmographics
Name
SpareBank 1 SMN
Legal name
SpareBank 1 SMN
Website
https://sparebank1.no
Company type
Public
Founded year
2007
Operating status
Operating
Short description
SpareBank 1 SMN is a publicly listed Norwegian regional savings bank (Oslo Børs: OB:MING) that provides banking services — deposits, lending, and investment products — to retail and corporate customers across Norway through branch and digital channels.
Ownership category
akta.pro rank

Where SpareBank 1 SMN is headquartered

Location

Headquarters

HQ city
Oslo
HQ country
Norway
HQ region
Europe

Markets served

SpareBank 1 SMN business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales

SpareBank 1 SMN product offering

Product offering

Core offering

SpareBank 1 SMN is a Norwegian regional savings bank that conducts banking activities and supervises the business, offering deposits, lending, and investment products to retail and corporate customers in Norway. As a member of the SpareBank 1 alliance, it operates as a publicly listed entity on Oslo Børs (ticker: OB:MING) and engages in sustainable financing, including the issuance of green senior notes.

Product overview

SpareBank 1 SMN is a Norwegian regional bank offering banking services. Based on the available source data, the company's financial products include a green senior notes issuance as part of its fixed income offerings. The source material is insufficient to detail the full product portfolio including retail banking, corporate banking, or digital banking services.

Differentiator

Problem solved

Functional benefit

Products and services

  • Green Senior Notes (3.375%, due June 17, 2031)
  • Retail Banking Services
  • Corporate Banking Services

Companies that use SpareBank 1 SMN

Customer profile

Ideal customer profiles3 records

SpareBank 1 SMN technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

SpareBank 1 SMN partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves3 records

Expansion highlights3 records

SpareBank 1 SMN competitors and assessment

Company assessment

Broad incumbents

  • Handelsbanken (Norway): Swedish-headquartered universal bank with a meaningful Norwegian branch network. Competes with SpareBank 1 SMN for corporate and retail customers in Norway and serves as a regional peer for branch-based banking economics.
  • Storebrand ASA: Major Norwegian financial group combining asset management, life insurance, and banking. Comparable as a large listed Norwegian financial institution for sector valuation, though its core franchise is asset management rather than deposit-taking.
  • DNB Bank ASA: Norway's largest financial services group and the dominant incumbent across retail, corporate, and capital markets banking. Directly comparable as a Norwegian banking peer for P/E benchmarking, though substantially larger and more diversified than SpareBank 1 SMN.
  • Nordea Bank Abp: Largest Nordic financial group with material Norwegian operations. Comparable as a peer for valuation, capital metrics, and Nordic banking sector dynamics, though materially larger and more geographically diversified.

Emerging players

  • Sbanken ASA: Norwegian digital-first bank (now owned by DNB) focused on retail deposits and lending. Comparable to SpareBank 1 SMN's retail and SME segments but operates with a much smaller branch footprint and digital-native model.

Direct peers

  • SpareBank 1 Nord-Norge: Direct alliance partner and regional savings bank serving northern Norway. Same equity certificate structure and SpareBank 1 alliance benefits; comparable in size, product mix, and business model to SpareBank 1 SMN.
  • SpareBank 1 SR-Bank: Another large regional savings bank within the SpareBank 1 alliance, listed on Oslo Børs. Operates the same mutual savings bank model with retail, corporate, and capital markets activities in southwestern Norway, making it the closest functional peer for benchmarking.
  • SpareBank 1 Østlandet: Alliance partner regional savings bank in eastern Norway operating under the same SpareBank 1 brand and shared platform. Provides nearly identical product set (deposits, lending, investment products) and similar peer comparison for valuation.
  • SpareBank 1 Sørøst-Norge: Regional savings bank in the SpareBank 1 alliance serving southeastern Norway. Closely comparable in business model, mutual structure, and product offering to SpareBank 1 SMN.

Regional players

  • KLP Banken AS: Norwegian mutual financial group providing retail and corporate banking alongside pensions and insurance. Comparable as a Norwegian mutual-structured bank competing for similar retail and public-sector customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

SpareBank 1 SMN social profiles

Digital presence

SpareBank 1 SMN financial estimates

Financial estimate

Revenue estimate

Valuation estimate

SpareBank 1 SMN leadership team

Management profile

Number of profiles

SpareBank 1 SMN funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

SpareBank 1 SMN M&A and investment

M&A and investment

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SpareBank 1 SMN

What does SpareBank 1 SMN do?

SpareBank 1 SMN is a Norwegian regional savings bank that conducts banking activities and supervises the business, offering deposits, lending, and investment products to retail and corporate customers in Norway. As a member of the SpareBank 1 alliance, it operates as a publicly listed entity on Oslo Børs (ticker: OB:MING) and engages in sustainable financing, including the issuance of green senior notes.

Is SpareBank 1 SMN a public or private company?

SpareBank 1 SMN is a public company. It is classified as public and is currently operating.

When was SpareBank 1 SMN founded?

SpareBank 1 SMN was founded in 2007.

Where is SpareBank 1 SMN based?

SpareBank 1 SMN is headquartered in Oslo, Norway, in the Europe region.

Who are SpareBank 1 SMN's main competitors?

Broad incumbents on record are Handelsbanken (Norway), Storebrand ASA, DNB Bank ASA and Nordea Bank Abp. Sbanken ASA is listed as an emerging player. Direct peers are SpareBank 1 Nord-Norge, SpareBank 1 SR-Bank, SpareBank 1 Østlandet and SpareBank 1 Sørøst-Norge. KLP Banken AS is listed as a regional player.

Does SpareBank 1 SMN have an API?

No public API is recorded for SpareBank 1 SMN.

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Live signals
Simply Wall St3 Norwegian Bank Stocks Built For Higher RatesThree Norwegian regional banks—SpareBank 1 SMN, SpareBank 1 Nord-Norge, and SpareBank 1 Østlandet—are highlighted as benefiting from higher interest rates. Their revenue comes from retail and corporate lending, with market caps of NOK 31.2b, 17.2b, and 27.6b respectively. The article notes recent pressure on net interest income and credit quality risks.Simply Wall StNorwegian Industrials Stock NewsThe article is a financial news feed covering multiple unrelated updates on various Norwegian industrial, banking, and energy companies following their Q2 2026 earnings reports. It details specific performance metrics for entities such as SpareBank 1 SMN, AutoStore Holdings, Norconsult, and Austevoll Seafood, highlighting mixed results ranging from record order books to net losses. The content aggregates distinct market analyses rather than reporting on a single cohesive event.Simply Wall StSpareBank 1 SMN Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearSpareBank 1 SMN reported second-quarter results that exceeded analyst expectations, with revenues of kr2.4 billion and earnings per share beating forecasts by 16%. Following this performance, analysts have upgraded their revenue estimates for 2026 to kr8.85 billion, although they no longer provide an EPS estimate and anticipate a slowdown in growth compared to historical levels.Simply Wall StSpareBank 1 SMN (OB:MING) Stock Could Be 44% Below Fair Value After Green Bond SaleSpareBank 1 SMN completed a €497.36 million fixed income offering of 3.375% green senior notes due June 17, 2031, issued under Regulation S at 99.472% of principal. The bank's stock trades at NOK190.76, with a discounted cash flow model estimating fair value at NOK342.74, suggesting a 44% discount, while trading at a P/E of 10.4x below both its peer average and the Norwegian banking industry average of 11.8x.GlobeNewswireMING82 PRO - Key information relating to full redemption of bond loanSpareBank 1 SMN will call its MING82 PRO bond loan, approved by Norway's Financial Supervisory Authority. The original maturity of 29 September 2027 is shortened to 29 September 2022, with a redemption price of 100.GlobeNewswireSpareBank 1 SMN: Mandatory notification of trade – SpareBank 1 SMN’s savings programme allocates equity certificatesSpareBank 1 SMN allocated 465 equity certificates to employees on 12 May 2022, purchased on 6 and 9 May 2022 for its savings programme. The certificates were distributed at NOK 126.47 each, based on each employee's savings amount.GlobeNewswireSpareBank 1 SMN: Buy back of Tier 2: MING80 PRO og MING82 PROSpareBank 1 SMN bought back NOK 429 million in Tier 2 bond issue MING80 PRO and NOK 65 million in MING82 PRO. The settlement date is 6 April 2022.GlobeNewswireMING -Trading for own accountOn February 17, SpareBank 1 SMN transferred 1,336 Equity Capital Certificates at NOK 149.50 to employees in its subsidiaries as a bonus. After the transaction, the bank owns 606 ECCs. The disclosure is subject to the Norwegian Securities Trading Act.GlobeNewswireSpareBank 1 SMN – Mandatory notification of trade – SpareBank 1 SMN’s savings programme allocates equity certificatesSpareBank 1 SMN distributed equity certificates purchased on 10, 11, and 14 February to employees as bonus certificates based on their savings amounts. After allocation, the bank retains 1,942 equity certificates. The disclosure is subject to Norwegian Securities Trading Act requirements.GlobeNewswireSpareBank 1 SMN – Mandatory notification of trade – Savings programmeSpareBank 1 SMN purchased 13,744 equity certificates on 14 February at NOK 149.01 each for its employee savings programme. The purchase brings the bank's total holdings to 92,948 equity certificates.