Norion Bank AB (publ) (STO:NORION)

Norion Bank AB Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	5,236	4,609	3,385	2,684	2,193
Interest Paid on Deposits	1,923	1,318	486	361	345
Net Interest Income	3,313	3,291	2,899	2,323	1,848
Net Interest Income Growth (YoY)	0.67%	13.52%	24.80%	25.70%	9.74%
Gain (Loss) on Sale of Investments	-	-	-8	-12	-
Other Non-Interest Income	385	357	322	326	313
Total Non-Interest Income	385	357	314	314	313
Non-Interest Income Growth (YoY)	7.84%	13.69%	0%	0.32%	32.63%
Revenues Before Loan Losses	3,698	3,648	3,213	2,637	2,161
Provision for Loan Losses	1,014	1,078	938	884	809
Revenue	2,684	2,570	2,275	1,753	1,352
Revenue Growth (YoY)	4.44%	12.97%	29.78%	29.66%	-10.70%
Salaries and Employee Benefits	435	357	321	284	294
Occupancy Expenses	71	67	63	37	82
Other Non-Interest Expense	569	510	448	452	477
Total Non-Interest Expense	1,075	934	832	773	853
EBT Excluding Unusual Items	1,609	1,636	1,443	980	499
Asset Writedown	-	-	-	-23	-12
Other Unusual Items	-	-	-	-	-50
Pretax Income	1,609	1,636	1,443	957	437
Income Tax Expense	344	342	302	204	104
Net Income	1,265	1,294	1,141	753	333
Preferred Dividends & Other Adjustments	15	58	44	40	41
Net Income to Common	1,250	1,236	1,097	713	292
Net Income Growth	-2.24%	13.41%	51.53%	126.13%	-
Basic Shares Outstanding	205	205	205	205	205
Diluted Shares Outstanding	205	205	205	205	205
Shares Change (YoY)	-	-	-	-0.01%	13593.33%
EPS (Basic)	6.09	6.02	5.34	3.47	1.42
EPS (Diluted)	6.09	6.02	5.34	3.47	1.42
EPS Growth	1.13%	12.70%	53.89%	144.09%	-
Effective Tax Rate	21.38%	20.90%	20.93%	21.32%	23.80%

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