SpareBank 1 Sør-Norge ASA Income Statement

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	23,970	20,565	15,964	8,459	5,474
Interest Income on Investments	3,458	3,328	2,617	1,010	374
Total Interest Income	27,428	23,893	18,581	9,469	5,848
Interest Paid on Deposits	18,157	16,298	12,378	4,883	1,817
Total Interest Expense	18,157	16,298	12,378	4,883	1,817
Net Interest Income	9,271	7,595	6,203	4,586	4,031
Net Interest Income Growth (YoY)	22.07%	22.44%	35.26%	13.77%	-4.00%
Gain (Loss) on Sale of Investments	-	22	524	-719	-266
Gain (Loss) on Sale of Equity Investments	997	1,010	288	453	676
Other Non-Interest Income	3,773	2,113	1,729	2,723	2,303
Total Non-Interest Income	4,770	3,145	2,541	2,457	2,713
Non-Interest Income Growth (YoY)	51.67%	23.77%	3.42%	-9.44%	33.12%
Revenues Before Loan Losses	14,041	10,740	8,744	7,043	6,744
Provision for Loan Losses	352	387	-232	5	192
Revenue	13,689	10,353	8,976	7,038	6,552
Revenue Growth (YoY)	32.22%	15.34%	27.54%	7.42%	55.74%
Salaries and Employee Benefits	3,198	2,364	2,053	1,771	1,722
Occupancy Expenses	237	186	166	167	175
Selling, General & Administrative	-	111	86	87	81
Other Non-Interest Expense	1,905	1,113	975	778	736
Total Non-Interest Expense	5,340	3,774	3,280	2,803	2,714
EBT Excluding Unusual Items	8,349	6,579	5,696	4,235	3,838
Asset Writedown	-	-	-	-6	-
Other Unusual Items	-	-	-	-17	-
Pretax Income	8,349	6,416	5,677	4,212	3,838
Income Tax Expense	1,655	1,222	1,202	834	682
Earnings From Continuing Operations	6,694	5,194	4,475	3,378	3,156
Minority Interest in Earnings	-	-1	-	-	-
Net Income	6,694	5,193	4,475	3,378	3,156
Preferred Dividends & Other Adjustments	329	282	175	85	67
Net Income to Common	6,365	4,911	4,300	3,293	3,089
Net Income Growth	28.90%	16.05%	32.48%	7.03%	98.37%
Basic Shares Outstanding	375	375	264	256	256
Diluted Shares Outstanding	375	375	264	256	256
Shares Change (YoY)	-0.16%	42.06%	3.35%	0.01%	-0.13%
EPS (Basic)	16.98	13.08	16.27	12.88	12.08
EPS (Diluted)	16.98	13.08	16.27	12.88	12.08
EPS Growth	29.82%	-19.61%	26.35%	6.60%	105.79%
Dividend Per Share	-	8.500	7.500	7.000	6.000
Dividend Growth	-	13.33%	7.14%	16.67%	93.55%
Effective Tax Rate	19.82%	19.05%	21.17%	19.80%	17.77%

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