Voss Veksel- og Landmandsbank ASA (OSL: VVL)

VVL 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	Mar 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	318.22	295.43	174.78	126.4	146.78	167.45
Interest Income on Investments	5.36	3.36	4.57	2.08	7.44	5.29
Total Interest Income	323.58	298.79	179.35	128.48	154.21	172.74
Interest Paid on Deposits	182.25	162.4	65.45	34.66	59.51	74.87
Net Interest Income	141.33	136.39	113.91	93.83	94.71	97.87
Net Interest Income Growth (YoY)	18.37%	19.74%	21.40%	-0.93%	-3.23%	7.34%
Gain (Loss) on Sale of Investments	21.57	19.64	2.69	2.27	-0.45	-
Other Non-Interest Income	19.4	19.64	15.37	13.61	12.39	13.48
Total Non-Interest Income	40.97	39.28	18.06	15.88	11.94	13.48
Non-Interest Income Growth (YoY)	69.23%	117.53%	13.74%	32.93%	-11.38%	15.26%
Revenues Before Loan Losses	182.3	175.67	131.97	109.7	106.65	111.35
Provision for Loan Losses	2.8	4.42	1.73	0.22	7.53	2.46
Revenue	179.5	171.25	130.23	109.48	99.12	108.89
Revenue Growth (YoY)	26.87%	31.50%	18.96%	10.45%	-8.97%	7.07%
Salaries and Employee Benefits	31.84	31.18	24.25	22.76	21.47	21.77
Occupancy Expenses	1.32	1.42	1.53	1.79	1.99	1.1
Selling, General & Administrative	4	4	3.43	2.49	2.17	2.25
Other Non-Interest Expense	32.32	33.58	30.52	24.44	30.44	23.3
Total Non-Interest Expense	69.48	70.17	59.73	51.48	56.07	48.41
EBT Excluding Unusual Items	110.02	101.08	70.51	58	43.05	60.48
Pretax Income	110.02	101.08	70.51	58	43.05	60.48
Income Tax Expense	25.68	23.43	16.31	13.4	9.79	13.73
Net Income	84.34	77.65	54.2	44.6	33.26	46.75
Net Income to Common	84.34	77.65	54.2	44.6	33.26	46.75
Net Income Growth	40.69%	43.28%	21.51%	34.11%	-28.87%	18.18%
Basic Shares Outstanding	2	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2	2
Shares Change (YoY)	-1.02%	2.35%	0.56%	2.87%	10.88%	2.39%
EPS (Basic)	36.30	33.04	23.60	19.53	14.98	23.35
EPS (Diluted)	36.30	33.04	23.60	19.53	14.98	23.35
EPS Growth	42.14%	40.00%	20.84%	30.37%	-35.85%	15.42%
Dividend Per Share	14.100	14.100	10.500	10.050	10.300	-
Dividend Growth	34.29%	34.29%	4.48%	-2.43%	-	-
Effective Tax Rate	23.34%	23.18%	23.13%	23.11%	22.75%	22.69%

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