Flekkefjord Sparebank (OSL: FFSB)

Flekkefjord 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	477.88	439.29	237.88	145.94	160.62	197.15
Interest Income on Investments	11.62	13.47	12.94	13.4	2.48	5.28
Total Interest Income	489.5	452.76	250.81	159.34	163.1	202.43
Interest Paid on Deposits	263.25	230.73	85.2	43.15	70.06	94.92
Total Interest Expense	263.25	230.73	85.2	43.15	70.06	94.92
Net Interest Income	226.25	222.03	165.61	116.19	93.04	107.5
Net Interest Income Growth (YoY)	61.29%	34.06%	42.54%	24.88%	-13.45%	5.89%
Gain (Loss) on Sale of Investments	10.23	10.23	9.48	15.73	17.66	1.4
Other Non-Interest Income	32.22	25.85	18.18	13.94	10.54	13.56
Total Non-Interest Income	42.45	36.08	27.66	29.67	28.2	14.96
Non-Interest Income Growth (YoY)	11.52%	30.46%	-6.79%	5.22%	88.53%	-10.40%
Revenues Before Loan Losses	268.7	258.11	193.27	145.86	121.24	122.46
Provision for Loan Losses	9.98	7.7	17.98	2.42	13.49	2.57
Revenue	258.72	250.41	175.29	143.44	107.75	119.89
Revenue Growth (YoY)	53.15%	42.86%	22.20%	33.12%	-10.13%	-1.77%
Salaries and Employee Benefits	72.13	68.86	55.23	44.42	35.28	32.46
Occupancy Expenses	8.62	9.28	7.21	4.04	3.73	3.58
Selling, General & Administrative	5.17	5.17	5.27	3.4	3.07	2.8
Other Non-Interest Expense	42.38	39.31	33.51	26.93	25.15	24.6
Total Non-Interest Expense	128.31	122.63	101.22	78.79	67.22	63.43
EBT Excluding Unusual Items	130.41	127.78	74.07	64.65	40.53	56.46
Pretax Income	130.41	127.78	74.07	64.65	40.53	56.46
Income Tax Expense	24.38	26.31	12.8	8.45	5.73	14.1
Net Income	106.04	101.46	61.27	56.2	34.8	42.36
Net Income to Common	106.04	101.46	61.27	56.2	34.8	42.36
Net Income Growth	49.15%	65.60%	9.03%	61.48%	-17.85%	-11.40%
Effective Tax Rate	18.69%	20.59%	17.28%	13.07%	14.14%	24.97%

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