SpareBank 1 Østlandet (FRA:2SF)

SpareBank 1 Østlandet Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	9,719	8,943	7,184	4,248	2,800	3,167
Interest Income on Investments	2,429	2,156	1,546	663	260	309
Total Interest Income	12,148	11,099	8,730	4,911	3,060	3,476
Interest Paid on Deposits	7,379	6,824	5,045	2,176	879	1,258
Net Interest Income	4,769	4,275	3,685	2,735	2,181	2,218
Net Interest Income Growth (YoY)	16.69%	16.01%	34.73%	25.40%	-1.67%	1.51%
Gain (Loss) on Sale of Investments	198	321	168	-67	174	109
Gain (Loss) on Sale of Equity Investments	477	660	36	186	405	394
Other Non-Interest Income	1,926	1,690	1,455	1,588	1,663	1,440
Total Non-Interest Income	2,601	2,671	1,659	1,707	2,242	1,943
Non-Interest Income Growth (YoY)	4.08%	61.00%	-2.81%	-23.86%	15.39%	-7.65%
Revenues Before Loan Losses	7,370	6,946	5,344	4,442	4,423	4,161
Provision for Loan Losses	294	299	307	27	5	330
Revenue	7,076	6,647	5,037	4,415	4,418	3,831
Revenue Growth (YoY)	11.08%	31.96%	14.09%	-0.07%	15.32%	-10.01%
Salaries and Employee Benefits	1,592	1,404	1,213	1,153	1,127	1,082
Occupancy Expenses	183	154	114	116	122	132
Selling, General & Administrative	112	107	97	88	86	77
Other Non-Interest Expense	1,054	883	747	673	645	608
Total Non-Interest Expense	2,941	2,548	2,171	2,030	1,980	1,899
EBT Excluding Unusual Items	4,135	4,099	2,866	2,385	2,438	1,932
Asset Writedown	-	-	-5	-	-	-
Pretax Income	4,082	4,052	2,845	2,379	2,438	1,931
Income Tax Expense	721	696	623	431	416	323
Earnings From Continuing Operations	3,361	3,356	2,222	1,948	2,022	1,608
Minority Interest in Earnings	-34	-30	-4	-21	-9	-6
Net Income	3,327	3,326	2,218	1,927	2,013	1,602
Preferred Dividends & Other Adjustments	1,000	1,069	717	611	627	495
Net Income to Common	2,327	2,257	1,501	1,316	1,386	1,107
Net Income Growth	3.94%	49.95%	15.10%	-4.27%	25.66%	-16.74%
Basic Shares Outstanding	134	119	116	116	116	116
Diluted Shares Outstanding	134	119	116	116	116	116
Shares Change (YoY)	15.85%	2.88%	-	-	-	0.03%
EPS (Basic)	17.34	18.94	12.96	11.36	11.97	9.56
EPS (Diluted)	17.34	18.94	12.96	11.36	11.97	9.56
EPS Growth	-7.10%	46.15%	14.06%	-5.05%	25.20%	-17.29%
Dividend Per Share	10.300	10.300	7.800	6.800	6.000	4.790
Dividend Growth	32.05%	32.05%	14.71%	13.33%	25.26%	4.58%
Effective Tax Rate	17.66%	17.18%	21.90%	18.12%	17.06%	16.73%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.