Sandnes Sparebank announced consolidated and parent company earnings results for the third quarter and first nine months ended September 30, 2017. For the quarter, on consolidated basis, the company announced interest income was NOK 200.047 million compared to NOK 202.395 million for the same period a year ago. Net interest income was NOK 120.628 million compared to NOK 112.672 million for the same period a year ago. Operating profit before taxes was NOK 65.190 million compared to NOK 76.387 million for the same period a year ago. Operating profit after taxes was NOK 49.238 million compared to NOK 60.653 million for the same period a year ago. Diluted earnings per equity certificate were NOK 1.4 compared to NOK 1.7 for the same period a year ago. Return on equity before taxes was 9.6%, compared to 12.9% in the third quarter of 2016. Return on equity after taxes was 7.3%, versus 10.3% in the third quarter of 2016.

For the first nine months, on consolidated basis, the company announced interest income was NOK 607.206 million compared to NOK 616.736 million for the same period a year ago. Net interest income was NOK 353.190 million compared to NOK 327.883 million for the same period a year ago. Operating profit before taxes was NOK 204.548 million compared to NOK 176.741 million for the same period a year ago. Operating profit after taxes was NOK 159.240 million compared to NOK 145.123 million for the same period a year ago. Diluted earnings per equity certificate were NOK 4.5 compared to NOK 4.1 for the same period a year ago. Net cash flow from operating activities was NOK 505.139 million compared to NOK 489.827 million for the same period a year ago. Purchases of fixed assets was NOK 1.501 million compared to NOK 11.476 million for the same period a year ago. Return on equity before taxes was 10.3%, versus 10.2% for the first three quarters of 2016. Return on equity after taxes was 8.0%, compared to 8.4% for the first three quarters of 2016. Book value per equity certificate was NOK 70.9 compared to NOK 65.6 for the same period a year ago.

For the quarter, on parent company basis, the company announced interest income was NOK 158.501 million compared to NOK 161.532 million for the same period a year ago. Net interest income was NOK 99.662 million compared to NOK 94.455 million for the same period a year ago. Operating profit before taxes was NOK 49.082 million compared to NOK 60.398 million for the same period a year ago. Operating profit after taxes was NOK 37.156 million compared to NOK 49.228 million for the same period a year ago. Diluted earnings per equity certificate were NOK 1.0 compared to NOK 1.4 for the same period a year ago. Return on equity before taxes was 7.8%, compared to 11.3% in the third quarter of 2016. Return on equity after taxes was 5.9%, versus 9.2% in the third quarter of 2016.

For the first nine months, on parent company basis, the company announced interest income was NOK 483.067 million compared to NOK 493.693 million for the same period a year ago. Net interest income was NOK 294.942 million compared to NOK 273.021 million for the same period a year ago. Operating profit before taxes was NOK 154.418 million compared to NOK 139.029 million for the same period a year ago. Operating profit after taxes was NOK 121.471 million compared to NOK 117.431 million for the same period a year ago. Diluted earnings per equity certificate were NOK 3.4 compared to NOK 3.3 for the same period a year ago. Net cash flow from operating activities was NOK 393.853 million compared to NOK 368.309 million for the same period a year ago. Purchases of fixed assets was NOK 1.501 million compared to NOK 11.476 million for the same period a year ago. Return on equity before taxes was 8.4%, versus 8.8% for the first three quarters of 2016. Return on equity after taxes was 6.6%, compared to 7.4% for the first three quarters of 2016.

The bank announced that the bank's expected losses for 2017 is still significant, although lower than in 2016. Estimated annual costs for 2017 will remain at the same level, or somewhat lower, than in 2016.