Sparebanken Møre (OSL:MORG)

Sparebanken Møre Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	5,977	5,968	4,916	2,730	1,723	1,954
Interest Income on Investments	19	-	-	-	-	-
Total Interest Income	5,996	5,968	4,916	2,730	1,723	1,954
Interest Paid on Deposits	3,952	3,897	3,016	1,213	457	727
Total Interest Expense	3,952	3,897	3,016	1,213	457	727
Net Interest Income	2,044	2,071	1,900	1,517	1,266	1,227
Net Interest Income Growth (YoY)	3.91%	9.00%	25.25%	19.83%	3.18%	-6.62%
Gain (Loss) on Sale of Investments	-12	-17	8	-51	-5	-8
Other Non-Interest Income	358	347	287	290	266	288
Total Non-Interest Income	346	330	295	239	261	280
Non-Interest Income Growth (YoY)	13.82%	11.86%	23.43%	-8.43%	-6.79%	-4.44%
Revenues Before Loan Losses	2,390	2,401	2,195	1,756	1,527	1,507
Provision for Loan Losses	16	20	-53	-4	49	149
Revenue	2,374	2,381	2,248	1,760	1,478	1,358
Revenue Growth (YoY)	1.45%	5.92%	27.73%	19.08%	8.84%	-12.78%
Salaries and Employee Benefits	450	437	400	364	304	284
Occupancy Expenses	57	55	49	46	45	46
Selling, General & Administrative	51	51	55	44	35	35
Other Non-Interest Expense	421	412	355	293	261	259
Total Non-Interest Expense	979	955	859	747	645	624
EBT Excluding Unusual Items	1,395	1,426	1,389	1,013	833	734
Pretax Income	1,395	1,426	1,389	1,013	833	734
Income Tax Expense	331	340	334	236	191	167
Net Income	1,064	1,086	1,055	777	642	567
Preferred Dividends & Other Adjustments	575	584	555	406	334	299
Net Income to Common	489	502	500	371	308	268
Net Income Growth	-3.45%	2.94%	35.78%	21.03%	13.23%	-20.25%
Basic Shares Outstanding	50	49	49	49	49	49
Diluted Shares Outstanding	50	49	49	49	49	49
Shares Change (YoY)	0.54%	0.26%	-0.08%	-0.04%	0.00%	0.03%
EPS (Basic)	9.88	10.16	10.15	7.52	6.24	5.43
EPS (Diluted)	9.88	10.16	10.15	7.52	6.24	5.43
EPS Growth	-6.82%	0.14%	34.88%	20.50%	14.92%	-21.43%
Dividend Per Share	6.250	6.250	7.500	4.000	3.200	0.900
Dividend Growth	-16.67%	-16.67%	87.50%	25.00%	255.56%	-67.86%
Effective Tax Rate	23.73%	23.84%	24.05%	23.30%	22.93%	22.75%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.