Aasen Sparebank (OSL: AASB)

Aasen Sparebank Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	351.65	302.15	168.78	118.26	122.46	132.74
Interest Income on Investments	25.11	22	12.54	8.54	8.61	9.52
Total Interest Income	376.75	324.15	181.32	126.8	131.07	142.25
Interest Paid on Deposits	218.01	171.94	70.05	33.62	42.63	34.82
Interest Paid on Borrowings	-	-	-	-	-	21.53
Total Interest Expense	218.01	171.94	70.05	33.62	42.63	56.35
Net Interest Income	158.74	152.2	111.27	93.19	88.44	85.9
Net Interest Income Growth (YoY)	19.55%	36.79%	19.40%	5.37%	2.96%	15.43%
Gain (Loss) on Sale of Investments	4.43	4.43	-0.17	0.89	-	0.35
Other Non-Interest Income	22.11	20.59	17.78	26.11	26.63	23.23
Total Non-Interest Income	26.53	25.02	17.61	27	26.63	23.87
Non-Interest Income Growth (YoY)	11.62%	42.05%	-34.78%	1.40%	11.56%	1.36%
Revenues Before Loan Losses	185.28	177.22	128.88	120.19	115.07	109.77
Provision for Loan Losses	4.12	4.66	4.71	4.2	10.34	4.14
Revenue	181.16	172.57	124.17	116	104.73	105.63
Revenue Growth (YoY)	19.66%	38.97%	7.05%	10.76%	-0.85%	11.02%
Salaries and Employee Benefits	42.85	40.01	34.4	32.2	28.83	27.13
Occupancy Expenses	3.64	3.62	3.63	3.37	2.28	1.51
Selling, General & Administrative	1.53	1.53	1.27	1.11	2.68	13.89
Other Non-Interest Expense	31.13	27.79	22.55	27.22	22.22	8.43
Total Non-Interest Expense	79.14	72.95	61.85	63.89	56.01	51.51
EBT Excluding Unusual Items	102.02	99.61	62.32	52.1	48.72	54.13
Pretax Income	102.02	99.61	62.32	52.1	48.72	54.13
Income Tax Expense	25.32	23.27	12.71	11.38	11.33	13.57
Net Income	76.69	76.34	49.62	40.72	37.39	40.56
Preferred Dividends & Other Adjustments	55.23	55.23	38.19	31.55	28.53	-
Net Income to Common	21.46	21.11	11.43	9.17	8.85	40.56
Net Income Growth	8.93%	53.87%	21.85%	8.92%	-7.83%	14.60%
Basic Shares Outstanding	2	2	2	1	1	1
Diluted Shares Outstanding	2	2	2	1	1	1
Shares Change (YoY)	-	-	70.60%	-	-	-
EPS (Basic)	12.41	12.20	6.61	9.04	8.73	40.00
EPS (Diluted)	12.41	12.20	6.61	9.04	8.73	40.00
EPS Growth	-33.39%	84.72%	-26.95%	3.59%	-78.18%	14.60%
Dividend Per Share	9.000	9.000	6.500	7.000	6.000	8.000
Dividend Growth	38.46%	38.46%	-7.14%	16.67%	-25.00%	-9.09%
Effective Tax Rate	24.82%	23.36%	20.39%	21.85%	23.26%	25.07%

Source: S&P Capital IQ. Banks template. Financial Sources.