Flekkefjord Sparebank (OSL:FFSB)

Flekkefjord Sparebank Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	576.96	439.29	237.88	145.94	160.62
Interest Income on Investments	12.11	13.47	12.94	13.4	2.48
Total Interest Income	589.07	452.76	250.81	159.34	163.1
Interest Paid on Deposits	343.37	230.73	85.2	43.15	70.06
Total Interest Expense	343.37	230.73	85.2	43.15	70.06
Net Interest Income	245.7	222.03	165.61	116.19	93.04
Net Interest Income Growth (YoY)	10.66%	34.06%	42.54%	24.88%	-13.45%
Gain (Loss) on Sale of Investments	-	-	9.48	15.73	17.66
Other Non-Interest Income	60.31	36.08	18.18	13.94	10.54
Total Non-Interest Income	60.31	36.08	27.66	29.67	28.2
Non-Interest Income Growth (YoY)	67.15%	30.46%	-6.79%	5.22%	88.53%
Revenues Before Loan Losses	306.01	258.11	193.27	145.86	121.24
Provision for Loan Losses	12.77	7.7	17.98	2.42	13.49
Revenue	293.24	250.41	175.29	143.44	107.75
Revenue Growth (YoY)	17.10%	42.85%	22.20%	33.12%	-10.13%
Salaries and Employee Benefits	81.91	68.86	55.23	44.42	35.28
Occupancy Expenses	8.16	9.28	7.21	4.04	3.73
Selling, General & Administrative	5.55	5.17	5.27	3.4	3.07
Other Non-Interest Expense	46.39	39.31	33.51	26.93	25.15
Total Non-Interest Expense	142.01	122.63	101.22	78.79	67.22
EBT Excluding Unusual Items	151.22	127.78	74.07	64.65	40.53
Pretax Income	151.22	127.78	74.07	64.65	40.53
Income Tax Expense	27.52	26.31	12.8	8.45	5.73
Net Income	123.7	101.46	61.27	56.2	34.8
Net Income to Common	123.7	101.46	61.27	56.2	34.8
Net Income Growth	21.92%	65.60%	9.03%	61.48%	-17.85%
Basic Shares Outstanding	2	-	-	-	-
Diluted Shares Outstanding	2	-	-	-	-
EPS (Basic)	82.47	-	-	-	-
EPS (Diluted)	82.47	-	-	-	-
Dividend Per Share	4.620	-	-	-	-
Effective Tax Rate	18.20%	20.59%	17.28%	13.07%	14.14%

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