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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	343.76	295.43	174.78	126.4	146.78	167.45
Interest Income on Investments	4.17	3.36	4.57	2.08	7.44	5.29
Total Interest Income	347.93	298.79	179.35	128.48	154.21	172.74
Interest Paid on Deposits	206.85	162.4	65.45	34.66	59.51	74.87
Net Interest Income	141.07	136.39	113.91	93.83	94.71	97.87
Net Interest Income Growth (YoY)	13.01%	19.74%	21.40%	-0.93%	-3.23%	7.34%
Gain (Loss) on Sale of Investments	19.64	19.64	2.69	2.27	-0.45	-
Other Non-Interest Income	31.74	19.64	15.37	13.61	12.39	13.48
Total Non-Interest Income	51.38	39.28	18.06	15.88	11.94	13.48
Non-Interest Income Growth (YoY)	83.87%	117.53%	13.74%	32.93%	-11.38%	15.26%
Revenues Before Loan Losses	192.45	175.67	131.97	109.7	106.65	111.35
Provision for Loan Losses	0.49	4.42	1.73	0.22	7.53	2.46
Revenue	191.96	171.25	130.23	109.48	99.12	108.89
Revenue Growth (YoY)	27.55%	31.50%	18.96%	10.45%	-8.97%	7.07%
Salaries and Employee Benefits	33.73	31.18	24.25	22.76	21.47	21.77
Occupancy Expenses	1.22	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	27.72	33.58	30.52	24.44	30.44	23.3
Total Non-Interest Expense	66.67	70.17	59.73	51.48	56.07	48.41
EBT Excluding Unusual Items	125.29	101.08	70.51	58	43.05	60.48
Pretax Income	125.29	101.08	70.51	58	43.05	60.48
Income Tax Expense	30.09	23.43	16.31	13.4	9.79	13.73
Net Income	95.2	77.65	54.2	44.6	33.26	46.75
Net Income to Common	95.2	77.65	54.2	44.6	33.26	46.75
Net Income Growth	51.71%	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)	-2.52%	2.35%	0.56%	2.87%	10.88%	2.39%
EPS (Basic)	41.06	33.04	23.60	19.53	14.98	23.35
EPS (Diluted)	41.06	33.04	23.60	19.53	14.98	23.35
EPS Growth	55.64%	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	24.02%	23.18%	23.13%	23.11%	22.75%	22.69%

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