SpareBank 1 Sør-Norge ASA (OSL:SB1NO)

SpareBank 1 Sør-Norge ASA Income Statement

Financials in millions NOK. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	24,238	20,565	15,964	8,459	5,474	6,238
Interest Income on Investments	3,670	3,328	2,617	1,010	374	772
Total Interest Income	27,908	23,893	18,581	9,469	5,848	7,010
Interest Paid on Deposits	18,531	16,298	12,378	4,883	1,817	2,511
Interest Paid on Borrowings	-	-	-	-	-	300
Total Interest Expense	18,531	16,298	12,378	4,883	1,817	2,811
Net Interest Income	9,377	7,595	6,203	4,586	4,031	4,199
Net Interest Income Growth (YoY)	33.94%	22.44%	35.26%	13.77%	-4.00%	4.50%
Gain (Loss) on Sale of Investments	46	22	524	-719	-266	-20
Gain (Loss) on Sale of Equity Investments	844	1,010	288	453	676	663
Other Non-Interest Income	3,520	2,113	1,729	2,723	2,303	1,395
Total Non-Interest Income	4,410	3,145	2,541	2,457	2,713	2,038
Non-Interest Income Growth (YoY)	38.16%	23.77%	3.42%	-9.44%	33.12%	-18.87%
Revenues Before Loan Losses	13,787	10,740	8,744	7,043	6,744	6,237
Provision for Loan Losses	304	387	-232	5	192	2,030
Revenue	13,483	10,353	8,976	7,038	6,552	4,207
Revenue Growth (YoY)	35.03%	15.34%	27.54%	7.42%	55.74%	-33.17%
Salaries and Employee Benefits	3,180	2,364	2,053	1,771	1,722	1,436
Occupancy Expenses	235	186	166	167	175	187
Selling, General & Administrative	111	111	86	87	81	99
Other Non-Interest Expense	1,697	1,113	975	778	736	664
Total Non-Interest Expense	5,223	3,774	3,280	2,803	2,714	2,386
EBT Excluding Unusual Items	8,260	6,579	5,696	4,235	3,838	1,821
Asset Writedown	-	-	-	-6	-	-
Other Unusual Items	-	-	-	-17	-	-
Pretax Income	8,097	6,416	5,677	4,212	3,838	1,821
Income Tax Expense	1,604	1,222	1,202	834	682	231
Earnings From Continuing Operations	6,493	5,194	4,475	3,378	3,156	1,590
Minority Interest in Earnings	-1	-1	-	-	-	1
Net Income	6,492	5,193	4,475	3,378	3,156	1,591
Preferred Dividends & Other Adjustments	345	282	175	85	67	88
Net Income to Common	6,147	4,911	4,300	3,293	3,089	1,503
Net Income Growth	22.35%	16.05%	32.48%	7.03%	98.37%	-49.07%
Basic Shares Outstanding	459	375	264	256	256	256
Diluted Shares Outstanding	459	375	264	256	256	256
Shares Change (YoY)	69.58%	42.06%	3.35%	0.01%	-0.13%	1.46%
EPS (Basic)	13.39	13.08	16.27	12.88	12.08	5.87
EPS (Diluted)	13.39	13.08	16.27	12.88	12.08	5.87
EPS Growth	-28.25%	-19.61%	26.35%	6.60%	105.79%	-51.96%
Dividend Per Share	8.500	8.500	7.500	7.000	6.000	3.100
Dividend Growth	13.33%	13.33%	7.14%	16.67%	93.55%	-43.64%
Effective Tax Rate	19.81%	19.05%	21.17%	19.80%	17.77%	12.68%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.