SpareBank 1 Helgeland (OSL: HELG)

SpareBank 1 Helgeland 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	2,011	1,735	1,121	748	863	1,121
Interest Income on Investments	302	290	188	94	110	16
Total Interest Income	2,313	2,025	1,309	842	973	1,137
Interest Paid on Deposits	1,233	993	476	217	348	519
Net Interest Income	1,080	1,032	833	625	625	618
Net Interest Income Growth (YoY)	9.20%	23.89%	33.28%	0%	1.13%	8.04%
Gain (Loss) on Sale of Investments	16	2	-25	-11	172	-8
Gain (Loss) on Sale of Equity Investments	16	-1	5	11	30	21
Other Non-Interest Income	161	150	157	103	96	110
Total Non-Interest Income	193	151	137	103	298	123
Non-Interest Income Growth (YoY)	4.32%	10.22%	33.01%	-65.44%	142.28%	-16.89%
Revenues Before Loan Losses	1,273	1,183	970	728	923	741
Provision for Loan Losses	119	100	11	64	51	65
Revenue	1,154	1,083	959	664	872	676
Revenue Growth (YoY)	3.87%	12.93%	44.43%	-23.85%	28.99%	43.52%
Salaries and Employee Benefits	199	186	172	158	140	138
Occupancy Expenses	-	-	-	-	-	19
Federal Deposit Insurance	17	19	15	18	20	-
Selling, General & Administrative	19	19	18	21	8	76
Other Non-Interest Expense	218	209	191	203	314	59
Total Non-Interest Expense	453	433	396	400	482	292
EBT Excluding Unusual Items	701	650	563	264	390	384
Pretax Income	701	650	563	264	390	384
Income Tax Expense	162	160	118	59	50	79
Earnings From Continuing Operations	539	490	445	205	340	305
Minority Interest in Earnings	-	-	-	-	-1	-
Net Income	539	490	445	205	339	305
Preferred Dividends & Other Adjustments	127	115	100	56	89	82
Net Income to Common	412	375	345	149	250	223
Net Income Growth	-2.88%	10.11%	117.07%	-39.53%	11.15%	104.70%
Basic Shares Outstanding	27	27	27	27	21	21
Diluted Shares Outstanding	27	27	27	27	21	21
Shares Change (YoY)	0.08%	0.09%	-0.51%	30.04%	-0.18%	-
EPS (Basic)	15.30	13.90	12.80	5.50	12.00	10.68
EPS (Diluted)	15.30	13.90	12.80	5.50	12.00	10.68
EPS Growth	-4.48%	8.59%	132.73%	-54.17%	12.31%	113.69%
Dividend Per Share	10.770	10.770	10.300	3.200	3.100	5.350
Dividend Growth	4.56%	4.56%	221.88%	3.23%	-42.06%	234.37%
Effective Tax Rate	23.11%	24.62%	20.96%	22.35%	12.82%	20.57%

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