Spar Nord Bank Income Statement

Financials in millions DKK. Fiscal year is January - December.

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	3,823	3,963	3,600	2,046	1,834	1,647
Interest Income on Investments	1,238	1,357	1,047	185	107	100
Total Interest Income	5,061	5,320	4,647	2,231	1,941	1,747
Interest Paid on Deposits	1,665	1,798	1,109	220	205	163
Net Interest Income	3,396	3,522	3,538	2,011	1,736	1,584
Net Interest Income Growth (YoY)	-7.64%	-0.45%	75.93%	15.84%	9.60%	0.64%
Gain (Loss) on Sale of Assets	1	1	22	3	1	-
Gain (Loss) on Sale of Investments	271	282	437	-392	148	299
Gain (Loss) on Sale of Equity Investments	100	146	107	75	91	29
Other Non-Interest Income	1,753	1,706	1,554	2,448	1,841	1,414
Total Non-Interest Income	2,125	2,135	2,120	2,134	2,081	1,742
Non-Interest Income Growth (YoY)	-1.44%	0.71%	-0.66%	2.55%	19.46%	-1.30%
Revenues Before Loan Losses	5,521	5,657	5,658	4,145	3,817	3,326
Provision for Loan Losses	16	-25	-33	78	-120	309
Revenue	5,505	5,682	5,691	4,067	3,937	3,017
Revenue Growth (YoY)	-6.68%	-0.16%	39.93%	3.30%	30.49%	-9.04%
Salaries and Employee Benefits	1,648	1,610	1,493	1,384	1,346	1,293
Selling, General & Administrative	133	133	129	126	111	117
Other Non-Interest Expense	1,053	1,035	925	824	775	688
Total Non-Interest Expense	2,834	2,778	2,547	2,334	2,232	2,098
EBT Excluding Unusual Items	2,671	2,904	3,144	1,733	1,705	919
Asset Writedown	2	2	-3	-3	-4	1
Pretax Income	2,673	2,906	3,141	1,730	1,701	918
Income Tax Expense	630	684	720	313	333	181
Net Income	2,043	2,222	2,421	1,417	1,368	737
Preferred Dividends & Other Adjustments	47	47	47	47	61	49
Net Income to Common	1,996	2,175	2,374	1,370	1,307	688
Net Income Growth	-19.38%	-8.22%	70.85%	3.58%	85.62%	-30.41%
Basic Shares Outstanding	115	116	119	122	123	123
Diluted Shares Outstanding	115	116	119	122	123	123
Shares Change (YoY)	-2.50%	-2.75%	-2.16%	-0.91%	0.01%	-0.01%
EPS (Basic)	17.32	18.76	19.92	11.25	10.63	5.60
EPS (Diluted)	17.26	18.70	19.90	11.20	10.60	5.60
EPS Growth	-17.92%	-6.03%	77.68%	5.66%	89.40%	-31.75%
Dividend Per Share	-	-	10.000	4.500	2.500	1.500
Dividend Growth	-	-	122.22%	80.00%	66.67%	-
Effective Tax Rate	23.57%	23.54%	22.92%	18.09%	19.58%	19.72%

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.