SPAREBANK 1 SOR-NORGE ASA
SB1NO
ISIN NO0010631567 / Valor 14619731
SPAREBANK 1 SOR-NORGE ASA
UMushroom community rating:
About company
Sparebank 1 SR-Bank ASA is a financial institution that has been operating for over 180 years with a focus on providing capital to support growth and development in local communities and cities within its market areas. The bank is dedicated to expanding its region and market area while constantly evolving and adapting to meet the needs of its customers. With a strong commitment to supporting economic development, Sparebank 1 SR-Bank ASA plays a vital role in the financial stability and growth of the regions it serves.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Net Interest Income
Sparebank 1 SR-Bank ASA reported a net interest income of NOK 1,726 million for Q2 2024, an increase from NOK 1,424 million in Q2 2023. This growth is attributed to better margins, increased volumes in both the corporate and retail markets, and higher interest on equity.
Operating Profit
The operating profit before impairment for Sparebank 1 SR-Bank ASA in Q2 2024 was NOK 1,575 million, up from NOK 1,238 million in Q2 2023. This improvement reflects the bank's strong operational performance and effective cost management.
Impairment Losses
Sparebank 1 SR-Bank ASA recorded impairment losses on loans and financial commitments amounting to NOK 103 million in Q2 2024, compared to a positive NOK 98 million in Q2 2023. This change indicates a shift in the bank's assessment of credit risk and financial commitments.
Net Profit
For Q2 2024, Sparebank 1 SR-Bank ASA achieved a net profit of NOK 1,162 million, up from NOK 1,028 million in Q2 2023. This increase in net profit underscores the bank's robust financial health and profitability.
Return on Equity
Sparebank 1 SR-Bank ASA reported a return on equity of 14.6% for Q2 2024, consistent with the 14.6% reported in Q2 2023. This stable return on equity reflects the bank's ability to generate consistent returns for its shareholders.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4760 M
Market cap (USD)
130,259
Daily traded volume (Shares)
145 / 143
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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