Sunndal Sparebank (OSL: SUNSB)

Sunndal Sparebank 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	330.45	293.86	174.56	105	107.3	109.63
Interest Income on Investments	28.94	21.61	17.67	9.67	6.94	11.76
Total Interest Income	359.39	315.47	192.23	114.67	114.24	121.4
Interest Paid on Deposits	203.76	166.58	66.48	28.43	40.24	26
Interest Paid on Borrowings	-	-	-	-	-	22.98
Total Interest Expense	203.76	166.58	66.48	28.43	40.24	48.98
Net Interest Income	155.63	148.89	125.75	86.24	73.99	72.42
Net Interest Income Growth (YoY)	6.41%	18.40%	45.81%	16.55%	2.18%	21.71%
Gain (Loss) on Sale of Investments	-	-	-	-	-	1.52
Other Non-Interest Income	44.09	37.89	32.14	42.08	30.6	24.29
Total Non-Interest Income	44.09	37.89	32.14	42.08	30.6	26.08
Non-Interest Income Growth (YoY)	23.74%	17.91%	-23.63%	37.51%	17.34%	8.39%
Revenues Before Loan Losses	199.72	186.78	157.89	128.32	104.59	98.5
Provision for Loan Losses	15.69	12.5	1.33	0.59	7.34	0.75
Revenue	184.03	174.28	156.56	127.73	97.26	97.75
Revenue Growth (YoY)	10.04%	11.32%	22.57%	31.33%	-0.50%	18.99%
Salaries and Employee Benefits	53.37	50.73	41.72	36.98	27.95	26.2
Occupancy Expenses	3.48	3.67	3.1	2.95	1.42	1.47
Selling, General & Administrative	1.98	1.98	2.14	3.17	2.57	10.44
Other Non-Interest Expense	34.95	33.63	36.96	24.04	20.83	9.14
Total Non-Interest Expense	93.79	90.01	83.93	67.14	52.78	48.43
EBT Excluding Unusual Items	90.24	84.27	72.63	60.59	44.48	49.31
Pretax Income	90.24	84.27	72.63	60.59	44.48	49.31
Income Tax Expense	21.25	17.57	15.29	12.51	9.04	11.21
Net Income	69	66.71	57.34	48.08	35.44	38.1
Preferred Dividends & Other Adjustments	44.5	42.06	35.93	32.68	24.52	26.38
Net Income to Common	24.5	24.64	21.41	15.4	10.93	11.72
Net Income Growth	15.50%	16.34%	19.26%	35.66%	-6.98%	38.88%
Basic Shares Outstanding	2	3	2	2	1	1
Diluted Shares Outstanding	2	3	2	2	1	1
Shares Change (YoY)	-13.01%	31.05%	-	55.26%	-2.50%	57.56%
EPS (Basic)	9.83	8.92	10.16	7.31	8.05	8.42
EPS (Diluted)	9.83	8.92	10.16	7.31	8.05	8.42
EPS Growth	14.51%	-12.17%	39.02%	-9.21%	-4.39%	9.07%
Dividend Per Share	7.500	7.500	9.500	7.000	6.000	8.000
Dividend Growth	-21.05%	-21.05%	35.71%	16.67%	-25.00%	6.67%
Effective Tax Rate	23.54%	20.84%	21.05%	20.65%	20.32%	22.74%

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