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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,695	1,482	867	562	619	710
Interest Income on Investments	79	63	72	57	63	62
Total Interest Income	1,774	1,545	939	619	682	772
Interest Paid on Deposits	932	787	349	143	229	316
Net Interest Income	842	758	590	476	453	456
Net Interest Income Growth (YoY)	26.05%	28.47%	23.95%	5.08%	-0.66%	10.94%
Gain (Loss) on Sale of Investments	15	2	-2	-1	-21	32
Gain (Loss) on Sale of Equity Investments	-5	-5	27	89	83	111
Other Non-Interest Income	330	326	335	357	317	291
Total Non-Interest Income	340	323	360	445	379	434
Non-Interest Income Growth (YoY)	-3.41%	-10.28%	-19.10%	17.41%	-12.67%	11.68%
Revenues Before Loan Losses	1,182	1,081	950	921	832	890
Provision for Loan Losses	20	14	19	-6	28	9
Revenue	1,162	1,067	931	927	804	881
Revenue Growth (YoY)	15.16%	14.61%	0.43%	15.30%	-8.74%	11.18%
Salaries and Employee Benefits	273	260	227	215	206	219
Selling, General & Administrative	26	26	19	13	13	17
Other Non-Interest Expense	181	169	150	141	130	127
Total Non-Interest Expense	481	455	396	369	349	363
EBT Excluding Unusual Items	681	612	535	558	455	518
Pretax Income	681	612	535	558	455	518
Income Tax Expense	158	150	114	112	88	92
Earnings From Continuing Operations	523	462	421	446	367	426
Minority Interest in Earnings	-0.4	-0.4	-0.4	-0.5	-0.5	-0.5
Net Income	522.6	461.6	420.6	445.5	366.5	425.5
Preferred Dividends & Other Adjustments	14	12	11	12	10	11
Net Income to Common	508.6	449.6	409.6	433.5	356.5	414.5
Net Income Growth	16.24%	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)	0.28%	0.16%	0.12%	-0.12%	-0.09%	0.12%
EPS (Basic)	32.43	28.67	26.16	27.72	22.77	26.45
EPS (Diluted)	32.43	28.67	26.16	27.72	22.77	26.45
EPS Growth	15.90%	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	23.20%	24.51%	21.31%	20.07%	19.34%	17.76%

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