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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	551.7	439.29	237.88	145.94	160.62	197.15
Interest Income on Investments	9.39	13.47	12.94	13.4	2.48	5.28
Total Interest Income	561.08	452.76	250.81	159.34	163.1	202.43
Interest Paid on Deposits	324.71	230.73	85.2	43.15	70.06	94.92
Total Interest Expense	324.71	230.73	85.2	43.15	70.06	94.92
Net Interest Income	236.38	222.03	165.61	116.19	93.04	107.5
Net Interest Income Growth (YoY)	13.20%	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	41.61	25.85	18.18	13.94	10.54	13.56
Total Non-Interest Income	51.84	36.08	27.66	29.67	28.2	14.96
Non-Interest Income Growth (YoY)	15.96%	30.46%	-6.79%	5.22%	88.53%	-10.40%
Revenues Before Loan Losses	288.22	258.11	193.27	145.86	121.24	122.46
Provision for Loan Losses	11.54	7.7	17.98	2.42	13.49	2.57
Revenue	276.67	250.41	175.29	143.44	107.75	119.89
Revenue Growth (YoY)	14.32%	42.86%	22.20%	33.12%	-10.13%	-1.77%
Salaries and Employee Benefits	78.03	68.86	55.23	44.42	35.28	32.46
Occupancy Expenses	8.37	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	42.21	39.31	33.51	26.93	25.15	24.6
Total Non-Interest Expense	133.78	122.63	101.22	78.79	67.22	63.43
EBT Excluding Unusual Items	142.89	127.78	74.07	64.65	40.53	56.46
Pretax Income	142.89	127.78	74.07	64.65	40.53	56.46
Income Tax Expense	24.67	26.31	12.8	8.45	5.73	14.1
Net Income	118.22	101.46	61.27	56.2	34.8	42.36
Net Income to Common	118.22	101.46	61.27	56.2	34.8	42.36
Net Income Growth	17.81%	65.60%	9.03%	61.48%	-17.85%	-11.40%
Effective Tax Rate	17.27%	20.59%	17.28%	13.07%	14.14%	24.97%

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