Jæren Sparebank (OSL: JAREN)

Jæren 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	1,002	839.66	492.75	319.79	365.68	440.63
Interest Income on Investments	14.91	27.51	38.47	32.95	34.55	27.77
Total Interest Income	1,017	867.17	531.22	352.75	400.23	468.4
Interest Paid on Deposits	588.19	460.92	199.39	95.09	147.35	192.3
Total Interest Expense	588.19	460.92	199.39	95.09	147.35	192.3
Net Interest Income	429.17	406.25	331.83	257.66	252.88	276.11
Net Interest Income Growth (YoY)	13.45%	22.43%	28.79%	1.89%	-8.41%	16.12%
Gain (Loss) on Sale of Investments	3.68	4.65	-8.5	-2.69	1.12	1.93
Gain (Loss) on Sale of Equity Investments	3.28	3.28	15.62	1.22	1.15	0.17
Other Non-Interest Income	99.41	85.45	82.61	93.76	82.29	77.68
Total Non-Interest Income	106.37	93.38	89.73	92.29	84.56	79.78
Non-Interest Income Growth (YoY)	-3.85%	4.06%	-2.77%	9.15%	5.99%	6.78%
Revenues Before Loan Losses	535.54	499.63	421.56	349.95	337.43	355.88
Provision for Loan Losses	-6.37	2.72	2.31	-2.39	4.69	-1.28
Revenue	541.91	496.91	419.26	352.34	332.74	357.16
Revenue Growth (YoY)	12.22%	18.52%	18.99%	5.89%	-6.84%	14.53%
Salaries and Employee Benefits	93.97	90.6	82.15	-	-	-
Occupancy Expenses	12.92	12.42	13.36	5.56	9.24	10.7
Selling, General & Administrative	10.23	10.23	9.76	121.83	119.71	122.17
Other Non-Interest Expense	94.25	96.62	99.89	35.28	29.09	29.2
Total Non-Interest Expense	211.37	209.87	205.16	162.68	158.04	162.07
EBT Excluding Unusual Items	330.55	287.04	214.1	189.67	174.71	195.09
Other Unusual Items	-	-	-	-	-37.71	-
Pretax Income	330.55	287.04	214.1	189.67	137	195.09
Income Tax Expense	60.2	47.9	27.45	38.43	25.33	41.3
Net Income	270.35	239.14	186.65	151.24	111.67	153.79
Preferred Dividends & Other Adjustments	136.3	120.99	91.82	74.34	55.77	70.44
Net Income to Common	134.05	118.15	94.83	76.9	55.9	83.35
Net Income Growth	18.53%	28.13%	23.41%	35.43%	-27.39%	27.23%
Basic Shares Outstanding	5	5	5	5	5	5
Diluted Shares Outstanding	5	5	5	5	5	5
Shares Change (YoY)	1.76%	-	-	-	-	-
EPS (Basic)	27.15	23.95	19.23	15.59	11.33	16.90
EPS (Diluted)	27.15	23.95	19.20	15.59	11.33	16.30
EPS Growth	17.89%	24.76%	23.16%	37.56%	-30.47%	22.72%
Dividend Per Share	16.000	16.000	12.500	11.000	7.500	7.500
Dividend Growth	28.00%	28.00%	13.64%	46.67%	0%	0%
Effective Tax Rate	18.21%	16.69%	12.82%	20.26%	18.49%	21.17%

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