Norion Bank AB (publ) (STO: NORION)

Norion Bank AB Income Statement

Financials in millions SEK. 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	5,212	4,609	3,385	2,684	2,193	2,036
Interest Paid on Deposits	1,866	1,318	486	361	345	352
Net Interest Income	3,346	3,291	2,899	2,323	1,848	1,684
Net Interest Income Growth (YoY)	2.42%	13.52%	24.80%	25.70%	9.74%	-7.01%
Gain (Loss) on Sale of Investments	61	61	-8	-12	-	-
Other Non-Interest Income	302	296	322	326	313	236
Total Non-Interest Income	363	357	314	314	313	236
Non-Interest Income Growth (YoY)	-3.20%	13.69%	0%	0.32%	32.63%	-
Revenues Before Loan Losses	3,709	3,648	3,213	2,637	2,161	1,920
Provision for Loan Losses	1,045	1,078	938	884	809	406
Revenue	2,664	2,570	2,275	1,753	1,352	1,514
Revenue Growth (YoY)	3.58%	12.97%	29.78%	29.66%	-10.70%	5.87%
Salaries and Employee Benefits	400	357	321	284	294	273
Occupancy Expenses	67	67	63	37	82	87
Other Non-Interest Expense	558	510	448	452	477	481
Total Non-Interest Expense	1,025	934	832	773	853	841
EBT Excluding Unusual Items	1,639	1,636	1,443	980	499	673
Asset Writedown	-	-	-	-23	-12	-144
Other Unusual Items	-	-	-	-	-50	-800
Pretax Income	1,639	1,636	1,443	957	437	-271
Income Tax Expense	349	342	302	204	104	-52
Net Income	1,290	1,294	1,141	753	333	-219
Preferred Dividends & Other Adjustments	30	58	44	40	41	-
Net Income to Common	1,260	1,236	1,097	713	292	-219
Net Income Growth	-1.83%	13.41%	51.53%	126.13%	-	-
Basic Shares Outstanding	205	205	205	205	205	2
Diluted Shares Outstanding	205	205	205	205	205	2
Shares Change (YoY)	-	-	-	-0.01%	13593.33%	-
EPS (Basic)	6.13	6.02	5.34	3.47	1.42	-146.00
EPS (Diluted)	6.13	6.02	5.34	3.47	1.42	-146.00
EPS Growth	0.24%	12.70%	53.89%	144.09%	-	-
Effective Tax Rate	21.29%	20.90%	20.93%	21.32%	23.80%	-

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