SpareBank 1 Ringerike Hadeland (OSL: RING)

RING 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	1,753	1,482	867	562	619	710
Interest Income on Investments	78	63	72	57	63	62
Total Interest Income	1,831	1,545	939	619	682	772
Interest Paid on Deposits	973	787	349	143	229	316
Net Interest Income	858	758	590	476	453	456
Net Interest Income Growth (YoY)	18.51%	28.47%	23.95%	5.08%	-0.66%	10.94%
Gain (Loss) on Sale of Investments	65	2	-2	-1	-21	32
Gain (Loss) on Sale of Equity Investments	74	-5	27	89	83	111
Other Non-Interest Income	344	326	335	357	317	291
Total Non-Interest Income	483	323	360	445	379	434
Non-Interest Income Growth (YoY)	33.80%	-10.28%	-19.10%	17.41%	-12.67%	11.68%
Revenues Before Loan Losses	1,341	1,081	950	921	832	890
Provision for Loan Losses	21.12	14	19	-6	28	9
Revenue	1,320	1,067	931	927	804	881
Revenue Growth (YoY)	22.10%	14.61%	0.43%	15.30%	-8.74%	11.18%
Salaries and Employee Benefits	280	260	227	215	206	219
Selling, General & Administrative	26	26	19	13	13	17
Other Non-Interest Expense	197.88	169	150	141	130	127
Total Non-Interest Expense	508.88	455	396	369	349	363
EBT Excluding Unusual Items	811	612	535	558	455	518
Pretax Income	811	612	535	558	455	518
Income Tax Expense	176	150	114	112	88	92
Earnings From Continuing Operations	635	462	421	446	367	426
Minority Interest in Earnings	-0.4	-0.4	-0.4	-0.5	-0.5	-0.5
Net Income	634.6	461.6	420.6	445.5	366.5	425.5
Preferred Dividends & Other Adjustments	16	12	11	12	10	11
Net Income to Common	618.6	449.6	409.6	433.5	356.5	414.5
Net Income Growth	26.77%	9.75%	-5.59%	21.56%	-13.87%	25.41%
Basic Shares Outstanding	16	16	16	16	16	16
Diluted Shares Outstanding	16	16	16	16	16	16
Shares Change (YoY)	0.05%	0.16%	0.12%	-0.12%	-0.09%	0.12%
EPS (Basic)	39.42	28.67	26.16	27.72	22.77	26.45
EPS (Diluted)	39.42	28.67	26.16	27.72	22.77	26.45
EPS Growth	26.80%	9.59%	-5.63%	21.74%	-13.91%	25.36%
Dividend Per Share	20.000	20.000	13.100	13.900	2.200	13.300
Dividend Growth	52.67%	52.67%	-5.76%	531.82%	-83.46%	25.47%
Effective Tax Rate	21.70%	24.51%	21.31%	20.07%	19.34%	17.76%

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