SpareBank 1 Nord-Norge (OSL: NONG)

SpareBank 1 Nord-Norge 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	7,761	6,561	3,824	2,542	2,927	3,320
Interest Income on Investments	71	101	90	36	44	12
Total Interest Income	7,832	6,662	3,914	2,578	2,971	3,332
Interest Paid on Deposits	3,763	2,934	1,268	528	859	1,223
Net Interest Income	4,069	3,728	2,646	2,050	2,112	2,109
Net Interest Income Growth (YoY)	15.70%	40.89%	29.07%	-2.94%	0.14%	10.88%
Gain (Loss) on Sale of Assets	229	229	-	-	-	-
Gain (Loss) on Sale of Investments	256	138	-20	467	89	118
Gain (Loss) on Sale of Equity Investments	666	-56	204	291	560	781
Other Non-Interest Income	1,394	1,258	1,234	1,499	1,299	1,116
Total Non-Interest Income	2,545	1,569	1,418	2,257	1,948	2,015
Non-Interest Income Growth (YoY)	79.23%	10.65%	-37.17%	15.86%	-3.33%	33.09%
Revenues Before Loan Losses	6,614	5,297	4,064	4,307	4,060	4,124
Provision for Loan Losses	177	116	63	-235	332	11
Revenue	6,437	5,181	4,001	4,542	3,728	4,113
Revenue Growth (YoY)	31.64%	29.49%	-11.91%	21.83%	-9.36%	21.18%
Salaries and Employee Benefits	1,109	1,000	844	936	869	834
Selling, General & Administrative	32	-	-	-	-	-
Other Non-Interest Expense	929	908	793	812	757	806
Total Non-Interest Expense	2,068	1,908	1,637	1,748	1,626	1,640
EBT Excluding Unusual Items	4,369	3,273	2,364	2,794	2,102	2,473
Pretax Income	4,369	3,273	2,364	2,794	2,102	2,473
Income Tax Expense	802	725	513	499	360	409
Earnings From Continuing Operations	3,567	2,548	1,851	2,295	1,742	2,064
Earnings From Discontinued Operations	-	-	-	-	-	-2
Minority Interest in Earnings	-33	-27	-27	-12	-	-
Net Income	3,534	2,521	1,824	2,283	1,742	2,062
Preferred Dividends & Other Adjustments	1,938	1,379	996	1,238	950	1,119
Net Income to Common	1,596	1,142	828	1,045	792	943
Net Income Growth	45.55%	38.21%	-20.11%	31.06%	-15.52%	33.72%
Basic Shares Outstanding	100	100	100	100	100	100
Diluted Shares Outstanding	100	100	100	100	100	100
Shares Change (YoY)	1.65%	-	-	-	-	-
EPS (Basic)	15.89	11.37	8.25	10.41	7.89	9.39
EPS (Diluted)	15.89	11.37	8.25	10.41	7.89	9.39
EPS Growth	42.48%	37.92%	-20.77%	31.94%	-16.01%	33.57%
Dividend Per Share	7.000	7.000	8.200	7.000	3.900	4.000
Dividend Growth	-14.63%	-14.63%	17.14%	79.49%	-2.50%	0%
Effective Tax Rate	18.36%	22.15%	21.70%	17.86%	17.13%	16.54%

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