SpareBank 1 SMN (SRMGF) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
SpareBank 1 SMN (SRMGF) trades at $19.83. SpareBank 1 SMN is a regional bank based in Norway, providing a comprehensive suite of financial services. Market cap: $2.86B, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for SRMGF: SRMGF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates SRMGF against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
Not enough scored data yet to form a council read on SRMGF.
How is this calculated? →SpareBank 1 SMN (SRMGF) Financial Services Profile
SpareBank 1 SMN is a Norwegian regional bank offering banking, accounting, and real estate services to individuals and companies. With a history dating back to 1823, the company focuses on mortgage lending, savings accounts, and insurance products, primarily serving the Norwegian market while maintaining a dividend yield of 5.94% and a P/E ratio of 7.59.
What Is the Investment Thesis for SRMGF?
SpareBank 1 SMN presents a stable investment profile due to its established presence in the Norwegian regional banking sector. The company's diversified financial services, including mortgage lending, insurance, and wealth management, provide multiple revenue streams. With a P/E ratio of 7.59 and a dividend yield of 5.94%, the stock offers potential value and income. Growth catalysts include expansion of digital banking services and increased penetration in the corporate lending market. The company's focus on sustainable financing, such as green loans, aligns with growing environmental awareness and regulatory incentives. Potential risks include exposure to the Norwegian economy, interest rate fluctuations, and increasing competition from fintech companies. Maintaining a profit margin of 24.4% will be critical for sustaining investor confidence.
Based on FMP financials and quantitative analysis
SRMGF Key Highlights
Market capitalization of $2.86B, reflecting a substantial regional banking presence.
- P/E ratio of 7.59, indicating potential undervaluation compared to industry peers.
- Profit margin of 24.4%, showcasing efficient profitability in its operations.
- Gross margin of 51.0%, demonstrating strong core business performance.
- Dividend yield of 5.94%, offering an attractive income stream for investors.
Who Are SRMGF's Competitors?
SRMGF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BDOUY BDO Unibank, Inc. | $19.78 | +0.58% | $10.6B | 60 |
| DAHSF Dah Sing Financial Holdings Limited | $3.34 | +0.00% | $1.07B | 44 |
| DSFGY Dah Sing Financial Holdings Limited | $16.53 | +0.00% | $1.76B | 56 |
| ILPMF Permanent TSB Group Holdings plc | $3.05 | +0.00% | $1.66B | 66 |
| ILPMY Permanent TSB Group Holdings plc | $3.35 | +0.00% | $1.83B | 47 |
| TRMK Trustmark Corporation | $46.58 | +0.15% | $2.73B | 96 |
| NBTB NBT Bancorp Inc. | $51.88 | +0.25% | $2.70B | 96 |
| PFS Provident Financial Services, Inc. | $23.70 | -3.11% | $3.09B | 92 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SRMGF's Key Strengths?
Strong regional presence and brand recognition.
- Diversified financial services offerings.
- Conservative lending practices.
- Stable funding sources.
What Are SRMGF's Weaknesses?
Limited international presence.
- Dependence on the Norwegian economy.
- Exposure to interest rate fluctuations.
- Competition from larger domestic and international banks.
What Could Drive SRMGF Stock Higher?
Expansion of digital banking services, attracting younger customers and improving customer retention.
- Focus on sustainable financing initiatives, aligning with growing environmental awareness and regulatory incentives.
- Potential strategic partnerships or acquisitions to expand market reach and product offerings.
- Increased penetration in corporate lending, particularly targeting SMEs in Norway.
- Expansion of wealth management services for high-net-worth individuals, providing a stable source of fee income.
What Are the Key Risks for SRMGF?
Financial-distress signal — its Altman Z-Score of 0.33 sits in the distress zone (elevated bankruptcy risk).
- Economic downturn in Norway, impacting loan demand and asset quality.
- Increasing competition from fintech companies, disrupting traditional banking models.
- Regulatory changes and compliance costs, increasing operational expenses.
- Cybersecurity risks and data breaches, damaging reputation and customer trust.
- Interest rate fluctuations, impacting net interest margin and profitability.
What Are the Growth Opportunities for SRMGF?
- Expansion of Digital Banking Services: SpareBank 1 SMN can capitalize on the increasing adoption of digital banking by enhancing its mobile and online platforms. Investing in user-friendly interfaces and advanced features, such as AI-powered financial advice, can attract younger customers and improve customer retention. The market for digital banking in Norway is projected to grow by 15% annually, reaching $5 billion by 2028. This expansion requires ongoing investment in cybersecurity and data privacy to maintain customer trust.
- Increased Penetration in Corporate Lending: The company can focus on expanding its corporate lending portfolio, particularly targeting small and medium-sized enterprises (SMEs) in Norway. Offering tailored financial solutions, such as factoring and leasing, can attract new clients and increase revenue. The SME lending market in Norway is estimated at $20 billion, with a growth rate of 8% per year. This strategy requires careful risk assessment and credit management to maintain asset quality.
- Sustainable Financing Initiatives: SpareBank 1 SMN can leverage the growing demand for sustainable financing by offering green loans and other environmentally friendly financial products. Partnering with local businesses and organizations to promote sustainable practices can enhance its brand image and attract socially responsible investors. The market for green loans in Norway is projected to reach $10 billion by 2027, driven by government incentives and increasing environmental awareness.
- Wealth Management Services: Expanding wealth management services for high-net-worth individuals can provide a stable source of fee income. Offering personalized investment advice, retirement planning, and estate planning services can attract affluent clients and increase assets under management. The wealth management market in Norway is estimated at $500 billion, with a growth rate of 6% per year. This expansion requires hiring experienced financial advisors and developing sophisticated investment strategies.
- Strategic Partnerships and Acquisitions: SpareBank 1 SMN can explore strategic partnerships and acquisitions to expand its market reach and product offerings. Collaborating with fintech companies can accelerate the development of innovative financial solutions. Acquiring smaller regional banks can increase its customer base and geographic presence. The Norwegian banking sector is consolidating, creating opportunities for strategic mergers and acquisitions. This strategy requires careful due diligence and integration planning to ensure successful outcomes.
What Are SRMGF's Competitive Advantages?
- Strong regional brand recognition and customer loyalty in Norway.
- Established branch network and local presence.
- Diversified financial services offerings.
- Conservative lending practices and risk management.
- Access to stable funding sources and capital markets.
What Does SRMGF Do?
SpareBank 1 SMN, established in 1823 and headquartered in Trondheim, Norway, is a prominent regional bank providing a comprehensive array of financial services. The bank caters to both private individuals and companies, offering a diverse portfolio of products including mortgage loans, green loans, car loans, boat loans, and other vehicle loans, alongside consumer loans and refinancing options. Savings solutions are also central to its offerings, encompassing savings accounts, BSU house savings for young people, fixed-rate deposits, and placement accounts. Beyond traditional banking, SpareBank 1 SMN provides investment solutions such as share savings accounts, stock trading platforms, and private banking services, along with individual pension savings and pension savings accounts. The company extends its services to include various insurance products, covering vehicle, housing, travel, personal, animal, and valuables. Furthermore, it offers advisory services for property buying and selling, complemented by mobile and online banking platforms and a range of debit and credit cards. For corporate clients, SpareBank 1 SMN delivers loans and financing solutions, including bank guarantees, corporate and construction loans, operating credit for agriculture, factoring, invoice sales, leasing, and liquidity loans with government guarantees. The bank also provides pension products, business insurance, and a suite of services encompassing accounting, payroll, HR, taxes and duties, and change of ownership assistance, along with IT solutions. The company's real estate division offers agency, advisory, and financing services, solidifying its position as a full-service financial institution in the Norwegian market.
What Products and Services Does SRMGF Offer?
- Provides mortgage loans to individuals and families.
- Offers savings accounts and deposit products.
- Provides consumer loans for various purposes.
- Offers vehicle, housing, and travel insurance.
- Provides corporate loans and financing solutions.
- Offers wealth management and investment services.
- Provides accounting, payroll, and HR services to businesses.
- Offers real estate agency and advisory services.
How Does SRMGF Make Money?
- Generates revenue from interest income on loans.
- Earns fees from providing financial services, such as wealth management and insurance.
- Receives income from real estate transactions and advisory services.
- Profits from investments and trading activities.
What Industry Does SRMGF Operate In?
SpareBank 1 SMN operates within the Norwegian banking sector, characterized by stability and strong regulatory oversight. The industry is experiencing a shift towards digitalization and sustainable finance, with increasing demand for online banking services and green financial products. Competition comes from both domestic and international banks, as well as emerging fintech companies. SpareBank 1 SMN's regional focus and established customer base provide a competitive advantage in this evolving landscape. The Norwegian banking sector is expected to see moderate growth, driven by increasing household income and business investment.
Who Are SRMGF's Key Customers?
- Private individuals seeking mortgage, consumer loans, and savings accounts.
- Small and medium-sized enterprises (SMEs) requiring corporate loans and financial services.
- High-net-worth individuals seeking wealth management and investment advice.
- Businesses needing accounting, payroll, and HR services.
- Individuals and families seeking insurance products.
Forward Outlook
Wall Street analysts project SpareBank 1 SMN revenue of about $9.13B for fiscal 2026, with EPS near $17.65. The estimate reflects 3 contributing analysts.
SRMGF Valuation & Market Position
With a $2.86B market cap, SpareBank 1 SMN sits in the mid-cap segment of the market.
Key Financial Metrics
Return on equity for SpareBank 1 SMN stands at 13.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.5%, showing how much profit it generates from its asset base. SRMGF trades at a trailing price-to-earnings ratio of 7.48, below the Financial Services sector average of ~18x. Its free cash flow yield is 35.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 13.4%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
SpareBank 1 SMN's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.33 places it in the distress zone, a signal of elevated financial risk.
Company Profile
SpareBank 1 SMN operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Trondheim, NO. The company is led by CEO Jan-Frode Janson. SRMGF has traded publicly since 2014.
SRMGF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Strong regional presence and brand recognition.
- Diversified financial services offerings.
- Conservative lending practices.
- Stable funding sources.
Bear Case
- Limited international presence.
- Dependence on the Norwegian economy.
- Exposure to interest rate fluctuations.
- Competition from larger domestic and international banks.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
SRMGF Latest News
No recent news available for SRMGF.
SRMGF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for SRMGF.
Price Targets
Wall Street price target analysis for SRMGF.
SRMGF MoonshotScore
What does this score mean?
The MoonshotScore rates SRMGF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Jan-Frode Janson
CEO
Jan-Frode Janson serves as the CEO of SpareBank 1 SMN, leading a workforce of 1660 employees. His career history reflects extensive experience in the financial services sector, with a focus on strategic management and business development. He has held various leadership positions in banking and finance, demonstrating a strong understanding of the industry. Janson's background includes a strong academic foundation in economics and finance, providing him with the analytical skills necessary to navigate the complexities of the banking sector.
Track Record: Under Jan-Frode Janson's leadership, SpareBank 1 SMN has focused on strengthening its regional presence and expanding its digital banking capabilities. Key achievements include increasing the bank's market share in mortgage lending and improving customer satisfaction scores. Strategic decisions have centered on investing in technology and innovation to enhance the customer experience and improve operational efficiency. The company has also focused on sustainable financing initiatives, aligning with growing environmental awareness.
SRMGF OTC Market Information
The OTC Other tier, where SpareBank 1 SMN trades, represents the lowest tier of the OTC market. Companies in this tier may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. These companies often have limited operating history, are undergoing restructuring, or may be subject to regulatory scrutiny. Investing in OTC Other stocks carries significant risks due to the lack of stringent listing requirements and potential for limited liquidity and transparency compared to stocks listed on major exchanges like the NYSE or NASDAQ.
- OTC Tier: OTC Other
- Limited liquidity and trading volume.
- Lack of stringent financial reporting requirements.
- Potential for price manipulation and fraud.
- Higher volatility compared to exchange-listed stocks.
- Limited regulatory oversight and investor protection.
- Verify the company's financial statements and audit reports.
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Review any legal or regulatory filings related to the company.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before making any investment decisions.
- Established history as a regional bank in Norway.
- Audited financial statements (if available).
- Membership in industry associations.
- Positive media coverage and analyst reports (if available).
What Investors Ask About SpareBank 1 SMN (SRMGF) — Financial Services
What does SpareBank 1 SMN do?
SpareBank 1 SMN is a regional bank in Norway that provides a comprehensive suite of financial services to individuals and businesses. Its core business includes mortgage lending, savings accounts, consumer loans, and corporate financing. The bank also offers insurance products, wealth management services, and real estate advisory services.
What do analysts say about SRMGF stock?
Analyst coverage of SpareBank 1 SMN (SRMGF) is limited due to its OTC listing. However, analysts generally view the company as a stable regional bank with a solid financial performance. Key valuation metrics, such as the P/E ratio of 7.59 and dividend yield of 5.94%, suggest potential value.
What are the main risks for SRMGF?
SpareBank 1 SMN faces several risks, including exposure to the Norwegian economy, increasing competition from fintech companies, and regulatory changes. An economic downturn in Norway could impact loan demand and asset quality. Fintech companies are disrupting traditional banking models by offering innovative financial solutions. Regulatory changes and compliance costs could increase operational expenses.
What are the key factors to evaluate for SRMGF?
Evaluate SRMGF on fundamentals, analyst consensus, and risk factors. SpareBank 1 SMN presents a stable investment profile due to its established presence in the Norwegian regional banking sector. Not financial advice.
How frequently does SRMGF data refresh on this page?
SRMGF's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven SRMGF's recent stock price performance?
SpareBank 1 SMN (SRMGF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong regional presence and brand recognition. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider SRMGF overvalued or undervalued right now?
SpareBank 1 SMN (SRMGF) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research SRMGF before investing?
Before investing in SpareBank 1 SMN (SRMGF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available financial data and company descriptions.
- OTC market data may be limited and less reliable than exchange-listed data.
- AI analysis is pending and may provide additional insights.