Income Statement Sparebanken Øst

Equities

SPOG

NO0006222009

Banks

Market Closed - Oslo Bors Other stock markets 10:45:00 2025-12-10 am EST			5-day change	1st Jan Change
74.10 ^NOK	-0.67%		+0.39%	+2.99%

Nov. 27	Sparebanken Øst Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2025	CI
Oct. 20	Norne Securities Upgrades Sparebanken Øst to Buy, Sets Target Price at 84 Norwegian Kroner - BN	FW

0faea1f5f19187a19d12.s6fmv2S8xnMcjxr82xpgn1xZHqjaL4qrjbkK1A9hkeo.6emk9T796ztp2FjLklcV2m0JeceYHtnev_t-p30F1J30yo7JXYmtP1nHUw

Published financial data: SPAREBANKEN ØST

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest Income On Loans	1.12B	967M	1.36B	2.24B	2.73B
Interest Income On Investments	11.8M	71.4M	53.9M	45.9M	87.4M
Interest Income, Total	1.13B	1.04B	1.41B	2.29B	2.82B
Interest On Deposits	489M	335M	669M	1.42B	1.8B
Interest Expense, Total	489M	335M	669M	1.42B	1.8B
Net Interest Income	644M	703M	740M	875M	1.02B
Gain (Loss) on Sale of Assets	19.8M	2.9M	700K	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	151M	8.1M	-83.7M	100K	-41.8M
Total Other Non Interest Income	30.1M	47.1M	41.2M	42M	62.6M
Non Interest Income, Total	201M	58.1M	-41.8M	42.1M	20.8M
Revenues Before Provison For Loan Losses	845M	761M	698M	917M	1.04B
Provision For Loan Losses	15.1M	500K	6.8M	6.7M	13.6M
Total Revenues	830M	760M	691M	910M	1.03B
Salaries And Other Employee Benefits	143M	176M	168M	195M	196M
Occupancy Expense	27.3M	27.6M	27.2M	29M	27.3M
Selling General & Admin Expenses, Total	57.4M	60.9M	-	-	-
Total Other Non Interest Expense	84.34M	41.3M	114M	122M	136M
Non Interest Expense, Total	312M	306M	310M	346M	360M
EBT, Excl. Unusual Items	518M	455M	382M	564M	666M
Restructuring Charges	-	-	-	-	-
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	518M	455M	382M	564M	666M
Income Tax Expense	80.4M	79.3M	85.5M	124M	143M
Earnings From Continuing Operations	437M	375M	296M	441M	523M
Net Income to Company	437M	375M	296M	441M	523M
Net Income - (IS)	437M	375M	296M	441M	523M
Preferred Dividend and Other Adjustments	300M	268M	217M	323M	382M
Net Income to Common Incl Extra Items	137M	107M	79.4M	118M	141M
Net Income to Common Excl. Extra Items	137M	107M	79.4M	118M	141M
Per Share Items
Net EPS - Basic	6.62	5.16	3.84	5.68	6.81
Basic EPS - Continuing Operations	6.62	5.16	3.84	5.68	6.81
Basic Weighted Average Shares Outstanding	20.73M	20.73M	20.7M	20.7M	20.7M
Net EPS - Diluted	6.62	5.16	3.83	5.67	6.8
Diluted EPS - Continuing Operations	6.62	5.16	3.83	5.67	6.8
Diluted Weighted Average Shares Outstanding	20.73M	20.73M	20.7M	20.7M	20.7M
Normalized Basic EPS	15.6	13.71	11.53	17.04	20.11
Normalized Diluted EPS	15.6	13.71	11.53	17.04	20.11
Dividend Per Share	4.5	3.85	3.8	5.4	6.4
Payout Ratio	20.86	28.58	32.86	24.19	137.88
Supplemental Items
Effective Tax Rate - (Ratio)	15.53	17.44	22.39	21.92	21.45
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	81.5M	77.5M	81.1M	115M	135M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-1M	700K	4.5M	8.2M	8.8M
Normalized Net Income	324M	284M	239M	353M	416M
Non-Cash Pension Expense	-	-	600K	-	1.8M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	423M	314M	502M	434M	449M
Investment Securities, Total	-	-	-	-	-
Trading Asset Securities, Total	7.98B	8.2B	6.48B	6.79B	8.66B
Total investments	7.98B	8.2B	6.48B	6.79B	8.66B
Gross Loans	35.57B	39.51B	36.91B	37.99B	37.11B
Allowance For Loan Losses	-124M	-125M	-112M	-108M	-111M
Other Adjustments to Gross Loans	-5.6M	-2.1M	-	-	-
Net Loans	35.44B	39.39B	36.8B	37.88B	37B
Gross Property Plant And Equipment	379M	407M	298M	308M	313M
Accumulated Depreciation	-190M	-218M	-136M	-145M	-145M
Net Property Plant And Equipment	189M	190M	162M	163M	168M
Other Intangibles, Total	-	-	33.9M	33M	34.3M
Investment in Real Estate	11.9M	11.7M	11.4M	13.1M	12.8M
Other Receivables	-	-	-	-	-
Other Current Assets, Total	11.7M	13.5M	88.2M	61.2M	91.9M
Other Long-Term Assets, Total	15M	8.3M	4.9M	6.2M	6.4M
Total Assets	44.07B	48.13B	44.08B	45.38B	46.43B
Liabilities
Accounts Payable, Total	10.5M	14.1M	14.1M	16.5M	10.9M
Accrued Expenses, Total	52.2M	49.3M	47.9M	57.7M	61.8M
Interest Bearing Deposits	14.85B	17.58B	15.76B	15.86B	16.88B
Total Deposits	14.85B	17.58B	15.76B	15.86B	16.88B
Short-Term Borrowings	17.9M	15.4M	132M	147M	191M
Current Portion of Long-Term Debt	2.99B	4.22B	3.28B	3.71B	3.02B
Long-Term Debt	21.12B	21.16B	19.69B	20.08B	20.97B
Long-Term Leases	44.9M	42.2M	42.2M	41.5M	35M
Current Income Taxes Payable	81.5M	77.5M	81.1M	115M	135M
Other Current Liabilities - (Bank / Utility Template)	93.7M	98.5M	153M	318M	20.6M
Pension & Other Post Retirement Benefits	61.7M	35.4M	52.7M	60.2M	39.4M
Deferred Tax Liability Non-Current	-	3.7M	1.4M	4.5M	16.5M
Other Non Current Liabilities	308M	134M	33.8M	54.6M	14.2M
Total Liabilities	39.63B	43.43B	39.29B	40.46B	41.4B
Common Stock, Total	207M	207M	207M	207M	207M
Additional Paid In Capital	388M	388M	388M	388M	388M
Retained Earnings	3.06B	3.27B	3.45B	3.57B	3.71B
Comprehensive Income and Other	786M	826M	750M	753M	721M
Total Common Equity	4.44B	4.69B	4.79B	4.91B	5.02B
Total Equity	4.44B	4.69B	4.79B	4.91B	5.02B
Total Liabilities And Equity	44.07B	48.13B	44.08B	45.38B	46.43B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.73M	20.73M	20.73M	20.73M	20.73M
ECS Total Common Shares Outstanding	20.73M	20.73M	20.73M	20.73M	20.73M
Book Value / Share	197.3	209.42	214.14	219.95	225.29
Tangible Book Value	4.44B	4.69B	4.76B	4.88B	4.99B
Tangible Book Value Per Share	197.3	209.42	212.51	218.36	223.64
Average Assets	-	-	-	-	-
Average Loans	-	-	38.24B	-	-
Total Debt	24.17B	25.44B	23.14B	23.98B	24.22B
Deposits at Interest - Cash	-	-	16.1M	-	-
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	52.7M	-	39.3M
Net Debt	15.78B	16.92B	16.16B	16.75B	15.11B
Full Time Employees	184	187	180	198	192
Number Of Offices	-	-	30	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	437M	375M	296M	441M	523M
Depreciation, Depletion & Amortization	27.3M	27.6M	16.9M	17.8M	17.3M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	10.3M	11.2M	10M
Total Depreciation, Depletion & Amortization	27.3M	27.6M	27.2M	29M	27.3M
(Gain) Loss On Sale of Asset - (CF)	-20.2M	-600K	-5.3M	-100K	-3M
(Gain) Loss on Sale of Investments - (CF)	12.1M	1M	-13.2M	-3.5M	2.9M
Total Asset Writedown	-	-	-	-	-
Change in Trading Asset Securities	-203M	-452M	1.61B	-272M	-1.81B
Changes in Accrued Interest Receivable	-10M	-1.6M	8M	12.1M	16.8M
Change in Other Net Operating Assets (Collected)	-1.06B	-4.17B	2.4B	-990M	766M
Other Operating Activities	9.3M	-17.4M	-10.9M	19.5M	2.4M
Cash from Operations	-809M	-4.23B	4.31B	-765M	-471M
Capital Expenditure	-33.5M	-21.8M	-12.3M	-12.6M	-19.4M
Sale of Property, Plant, and Equipment	72.1M	1.1M	1.9M	900K	400K
Purchase / Sale of Intangible Assets	-	-	-12.3M	-10.2M	-11.3M
Investment in Marketable and Equity Securities, Total	-19.9M	6.4M	18.7M	-6.2M	-79.7M
Other Investing Activities, Total	-	-	-100K	-	-100K
Cash from Investing	18.7M	-14.3M	-4.1M	-28.1M	-110M
Long-Term Debt Issued, Total	5B	4.36B	2.97B	4.56B	4.06B
Total Debt Issued	5B	4.36B	2.97B	4.56B	4.06B
Long-Term Debt Repaid, Total	-4.36B	-2.55B	-5.15B	-3.77B	-3.76B
Total Debt Repaid	-4.36B	-2.55B	-5.15B	-3.77B	-3.76B
Issuance of Common Stock	-	-	-	200M	150M
Repurchase of Common Stock	-	-	-	-201M	-150M
Common Dividends Paid	-91.2M	-107M	-97.4M	-107M	-722M
Common & Preferred Stock Dividends Paid	-91.2M	-107M	-97.4M	-107M	-722M
Net Increase (Decrease) in Deposit Accounts - (CF)	53.7M	2.74B	-1.82B	93.2M	1.02B
Other Financing Activities, Total	300M	-300M	-27.3M	-54.6M	-100K
Cash from Financing	895M	4.14B	-4.12B	724M	597M
Miscellaneous Cash Flow Adjustments	100K	-	-	-	-
Net Change in Cash	104M	-109M	189M	-68.7M	15.5M
Supplemental Items
Cash Interest Paid	524M	1.25B	1.97B	3.59B	4.5B
Cash Income Tax Paid (Refund)	99.5M	87.7M	82.5M	89.8M	126M
Net Debt Issued / Repaid	632M	1.81B	-2.18B	793M	296M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.01	0.81	0.64	0.98	1.14
Return On Equity %	10.19	8.22	6.25	9.08	10.53
Return on Common Equity	3.2	2.34	1.67	2.42	2.84
Shareholders Value Added	-77.81M	-173M	-262M	-131M	-62.84M
Margin Analysis
SG&A Margin	27.43	34.76	28.3	24.58	21.81
Net Interest Income / Total Revenues %	77.64	92.42	107.03	96.11	99.3
EBT Excl. Non-Recurring Items Margin %	62.4	59.81	55.24	62	64.92
Income From Continuing Operations Margin %	52.71	49.38	42.87	48.41	50.99
Net Income Margin %	52.71	49.38	42.87	48.41	50.99
Net Avail. For Common Margin %	16.55	14.06	11.48	12.92	13.73
Normalized Net Income Margin	39	37.38	34.52	38.75	40.57
Asset quality
Nonperforming Loans / Total Loans %	-	-	0.58	-	-
Nonperforming Loans / Total Assets %	-	-	0.49	-	-
Nonperforming Assets / Total Assets %	-	-	0.49	-	-
NPAs / Loans and OREO	-	-	0.58	-	-
NPAs / Equity	-	-	4.5	-	-
Allowance for Credit Losses / Net Charge-offs %	-	-	319.71	-	-
Allowance for Credit Losses / Nonperforming Loans %	-	-	51.9	-	-
Allowance for Credit Losses / Total Loans %	0.35	0.32	0.3	0.29	0.3
Net Charge-offs / Total Average Loans %	-	-	0.09	-	-
Provision for Loan Losses / Net Charge-offs %	-	-	19.43	-	-
Earning Assets / IBL	-	-	107.86	-	-
Interest Income / Average Assets	-	-	-	-	-
Interest Expense / Average Assets	-	-	-	-	-
Net Interest Income / Average Assets	-	-	-	-	-
Non Interest Income / Average Assets	-	-	-	-	-
Non Interest Expense / Average Asset	-	-	-	-	-
Capital And Funding
Total Average Common Equity / Total Average Assets %	9.93	9.91	10.29	10.85	10.82
Total Average Equity / Total Average Assets %	9.93	9.91	10.29	10.85	10.82
Total Equity + Allowance for Loan Losses / Total Loans %	12.84	12.19	13.29	13.22	13.83
Gross Loans / Total Deposits %	239.63	224.78	234.19	239.49	219.84
Net Loans / Total Deposits %	238.76	224.06	233.48	238.81	219.18
Tier 1 Capital Ratio %	-	-	21.94	-	-
Total Capital Ratio %	-	-	24.03	-	-
Core Tier 1 Capital Ratio	-	-	20.11	-	-
Tier 2 Capital Ratio	-	-	2.1	-	-
Coverage Ratio	-	-	52.05	-	-
Interbank Ratio	2.23	3.66	5.87	7.51	11.05
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	2.06	2.36	1.57	1.4	1.37
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	-3.98	9.11	5.31	18.2	16.5
Non Interest Income, 1 Yr. Growth %	293.33	-71.04	-171.94	-200.72	-50.59
Provision For Loan Losses, 1 Yr. Growth %	-20.11	-96.69	1.26K	-1.47	102.98
Total Revenues, 1 Yr. Growth %	18.03	-8.34	-9.06	31.63	12.76
Earnings From Cont. Operations, 1 Yr. Growth %	40.35	-17.15	-21.04	48.65	18.77
Net Income, 1 Yr. Growth %	40.35	-17.15	-21.04	48.65	18.77
Normalized Net Income, 1 Yr. Growth %	27.17	-14.77	-16.01	47.76	18.06
Diluted EPS Before Extra, 1 Yr. Growth %	35.93	-22.11	-25.78	48.04	19.93
Dividend Per Share, 1 Yr. Growth %	25	-14.44	-1.3	42.11	18.52
Gross Loans, 1 Yr. Growth %	3.59	11.08	-6.58	2.91	-2.29
Allowance For Loan Losses, 1 Yr. Growth %	10.9	0.81	-10.55	-3.13	2.58
Net Loans, 1 Yr. Growth %	3.56	11.12	-6.57	2.93	-2.31
Non Performing Loans, 1 Yr. Growth %	-	-	-27.84	-	-
Non Performing Assets, 1 Yr. Growth %	-	-	-27.84	-	-
Total Assets, 1 Yr. Growth %	3.97	9.21	-8.41	2.95	2.31
Total Deposits, 1 Yr Growth %	0.36	18.42	-10.34	0.63	6.44
Tangible Book Value, 1 Yr. Growth %	7.26	5.66	2.09	2.57	2.19
Average Interest Earning Assets, 1 Yr. Growth %	-	-	-2.45	-	-
Average Interest Bearing Liabilities, 1 Yr. Growth %	-	-	-0.74	-	-
Common Equity, 1 Yr. Growth %	7.26	5.66	2.11	2.53	2.21
Total Equity, 1 Yr. Growth %	7.26	5.66	2.11	2.53	2.21
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	3.77	2.36	7.19	11.57	17.35
Non Interest Income, 2 Yr. CAGR %	12.15	6.73	-54.35	-14.88	-29.46
Provision For Loan Losses, 2 Yr. CAGR %	-7.37	-83.74	-32.89	266.06	41.42
Total Revenues, 2 Yr. CAGR %	5.87	4.01	-8.7	9.41	21.83
Earnings From Cont. Operations, 2 Yr. CAGR %	9.82	9.78	-19.12	8.34	32.87
Net Income, 2 Yr. CAGR %	9.82	9.78	-19.12	8.34	32.87
Normalized Net Income, 2 Yr. CAGR %	8.36	5.7	-15.39	11.4	32.08
Diluted EPS Before Extra, 2 Yr. CAGR %	4.95	2.9	-23.94	4.83	33.25
Dividend Per Share, 2 Yr. CAGR %	-1.09	3.41	-8.11	18.43	29.78
Gross Loans, 2 Yr. CAGR %	0.46	7.27	1.86	-1.95	0.27
Allowance For Loan Losses, 2 Yr. CAGR %	10.63	5.73	-5.04	-6.91	-0.31
Net Loans, 2 Yr. CAGR %	0.42	7.28	1.9	-1.94	0.28
Non Performing Loans, 2 Yr. CAGR %	-	-	-	-	-
Non Performing Assets, 2 Yr. CAGR %	-	-	-	-	-
Total Assets, 2 Yr. CAGR %	2.46	6.56	0.01	-2.9	2.63
Total Deposits, 2 Yr CAGR %	-0.18	9.02	3.04	-5.01	3.5
Tangible Book Value, 2 Yr. CAGR %	6.12	6.45	3.5	2.33	2.38
Average Interest Earning Assets, 2 Yr. CAGR %	-	-	-	-	-
Average Interest Bearing Liabilities, 2 Yr. CAGR %	-	-	-	-	-
Common Equity, 2 Yr. CAGR %	6.12	6.45	3.87	2.32	2.37
Total Equity, 2 Yr. CAGR %	6.12	6.45	3.87	2.32	2.37
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	2.76	5.52	3.33	10.75	13.19
Non Interest Income, 3 Yr. CAGR %	13.22	-28.58	-6.42	-40.57	-28.99
Provision For Loan Losses, 3 Yr. CAGR %	28	-69.49	-28.88	-23.73	200.74
Total Revenues, 3 Yr. CAGR %	4.61	0.91	-0.54	3.14	10.51
Earnings From Cont. Operations, 3 Yr. CAGR %	9.57	1.17	-1.64	-0.93	11.71
Net Income, 3 Yr. CAGR %	9.57	1.17	-1.64	-0.93	11.71
Normalized Net Income, 3 Yr. CAGR %	5.76	1.04	-2.1	1.89	13.58
Diluted EPS Before Extra, 3 Yr. CAGR %	4.46	-4.98	-7.7	-5.03	9.64
Dividend Per Share, 3 Yr. CAGR %	-3.45	-5.76	1.82	6.27	18.46
Gross Loans, 3 Yr. CAGR %	4.61	3.88	2.44	2.21	-2.06
Allowance For Loan Losses, 3 Yr. CAGR %	8.23	7.25	0	-4.41	-3.85
Net Loans, 3 Yr. CAGR %	4.6	3.87	2.45	2.24	-2.06
Non Performing Loans, 3 Yr. CAGR %	-	-	-	-	-
Non Performing Assets, 3 Yr. CAGR %	-	-	-	-	-
Total Assets, 3 Yr. CAGR %	6.01	4.66	1.31	0.98	-1.19
Total Deposits, 3 Yr CAGR %	2.04	5.67	2.14	2.23	-1.34
Tangible Book Value, 3 Yr. CAGR %	5.94	5.97	4.74	3.19	2.28
Average Interest Earning Assets, 3 Yr. CAGR %	-	-	-	-	-
Average Interest Bearing Liabilities, 3 Yr. CAGR %	-	-	-	-	-
Common Equity, 3 Yr. CAGR %	5.94	5.97	4.99	3.42	2.28
Total Equity, 3 Yr. CAGR %	5.94	5.97	4.99	3.42	2.28
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	1.84	4.18	4.51	7.9	8.72
Non Interest Income, 5 Yr. CAGR %	27.77	-16.8	-21.27	-23.39	-16.42
Provision For Loan Losses, 5 Yr. CAGR %	-3.56	-40.49	-1.14	-17.56	-6.37
Total Revenues, 5 Yr. CAGR %	5.7	1.33	-0.93	4.22	7.86
Earnings From Cont. Operations, 5 Yr. CAGR %	11.3	2.54	-2.27	3.98	10.93
Net Income, 5 Yr. CAGR %	11.3	2.54	-2.27	3.98	10.93
Normalized Net Income, 5 Yr. CAGR %	8.69	0.71	-2.68	5.06	10.36
Diluted EPS Before Extra, 5 Yr. CAGR %	6.69	-3.05	-7.99	-1.16	6.9
Dividend Per Share, 5 Yr. CAGR %	6.4	-0.76	-5.34	3.26	12.2
Gross Loans, 5 Yr. CAGR %	4.83	5.8	3.5	1.51	1.57
Allowance For Loan Losses, 5 Yr. CAGR %	-0.05	3.06	2.71	1.34	-0.13
Net Loans, 5 Yr. CAGR %	4.85	5.81	3.51	1.51	1.57
Non Performing Loans, 5 Yr. CAGR %	-	-	4.24	-	-
Non Performing Assets, 5 Yr. CAGR %	-	-	4.24	-	-
Total Assets, 5 Yr. CAGR %	5.01	6.1	3.57	1.57	1.84
Total Deposits, 5 Yr CAGR %	2.44	4.83	2.44	1.26	2.68
Tangible Book Value, 5 Yr. CAGR %	8.52	8.12	4.96	4.35	3.79
Average Interest Earning Assets, 5 Yr. CAGR %	-	-	5.05	-	-
Average Interest Bearing Liabilities, 5 Yr. CAGR %	-	-	4.85	-	-
Common Equity, 5 Yr. CAGR %	8.52	8.12	5.11	4.49	3.93
Total Equity, 5 Yr. CAGR %	8.52	8.12	5.11	4.49	3.93