Sparebanken Møre (OSL: MORG)

Sparebanken Møre 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	5,559	4,916	2,730	1,723	1,954	2,328
Interest Income on Investments	109	-	-	-	-	-
Total Interest Income	5,668	4,916	2,730	1,723	1,954	2,328
Interest Paid on Deposits	3,646	3,016	1,213	457	727	1,014
Total Interest Expense	3,646	3,016	1,213	457	727	1,014
Net Interest Income	2,022	1,900	1,517	1,266	1,227	1,314
Net Interest Income Growth (YoY)	16.41%	25.25%	19.83%	3.18%	-6.62%	11.45%
Gain (Loss) on Sale of Investments	31	8	-51	-5	-8	-1
Other Non-Interest Income	284	287	290	266	288	294
Total Non-Interest Income	315	295	239	261	280	293
Non-Interest Income Growth (YoY)	14.96%	23.43%	-8.43%	-6.79%	-4.44%	18.15%
Revenues Before Loan Losses	2,337	2,195	1,756	1,527	1,507	1,607
Provision for Loan Losses	-101	-53	-4	49	149	50
Revenue	2,438	2,248	1,760	1,478	1,358	1,557
Revenue Growth (YoY)	23.32%	27.73%	19.08%	8.84%	-12.78%	10.35%
Salaries and Employee Benefits	434	400	364	304	284	301
Occupancy Expenses	51	49	46	45	46	50
Selling, General & Administrative	53	55	44	35	35	143
Other Non-Interest Expense	389	355	293	261	259	152
Total Non-Interest Expense	927	859	747	645	624	646
EBT Excluding Unusual Items	1,511	1,389	1,013	833	734	911
Pretax Income	1,512	1,389	1,013	833	734	911
Income Tax Expense	364	334	236	191	167	200
Net Income	1,148	1,055	777	642	567	711
Preferred Dividends & Other Adjustments	607	555	406	334	299	370
Net Income to Common	541	500	371	308	268	341
Net Income Growth	28.56%	35.78%	21.03%	13.23%	-20.25%	17.52%
Basic Shares Outstanding	49	49	49	49	49	49
Diluted Shares Outstanding	49	49	49	49	49	49
Shares Change (YoY)	-0.19%	-0.08%	-0.04%	0.00%	0.03%	0.20%
EPS (Basic)	10.99	10.15	7.52	6.24	5.43	6.92
EPS (Diluted)	10.99	10.15	7.52	6.24	5.43	6.92
EPS Growth	27.84%	34.87%	20.50%	14.92%	-21.43%	16.15%
Dividend Per Share	7.500	7.500	4.000	3.200	0.900	2.800
Dividend Growth	87.50%	87.50%	25.00%	255.56%	-67.86%	-9.68%
Effective Tax Rate	24.07%	24.05%	23.30%	22.93%	22.75%	21.95%

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