Spar Nord Bank A/S
SPNO
ISIN DK0060036564 / Valor 2547570
Spar Nord Bank A/S
UMushroom community rating:
About company
Spar Nord Bank A/S is a financial institution that focuses on providing personalized advice, active involvement, and service to its customers, along with offering innovative digital solutions. The bank recently announced a share buyback program of up to DKK 500 million, demonstrating its commitment to enhancing shareholder value. Additionally, Spar Nord has made efforts to repurchase previously issued Tier 2 capital instruments, showcasing its strategic financial management approach.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Net Interest Income
In Q1 2024, Spar Nord Bank A/S reported net interest income of DKK 909 million, an increase from DKK 770 million in Q1 2023. This growth reflects the bank's improved interest rate environment and effective management of interest-bearing assets and liabilities.
Profit Before Tax
Spar Nord Bank A/S achieved a profit before tax of DKK 877 million in Q1 2024, up from DKK 727 million in the same quarter of the previous year. This increase is attributed to higher net interest income and effective cost management.
Net Profit
The net profit for Spar Nord Bank A/S in Q1 2024 was DKK 670 million, compared to DKK 557 million in Q1 2023. The rise in net profit is a result of increased revenue streams and controlled operating expenses.
Operating Expenses
Operating expenses for Spar Nord Bank A/S in Q1 2024 amounted to DKK 284 million, up from DKK 257 million in Q1 2023. The increase in operating expenses is primarily due to investments in technology and infrastructure to support future growth.
Dividends
Spar Nord Bank A/S declared a dividend of DKK 12 per share for Q1 2024, consistent with the dividend declared in Q1 2023. This reflects the bank's commitment to providing consistent returns to its shareholders while maintaining a strong capital base.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3379 M
Market cap (USD)
126,457
Daily traded volume (Shares)
206 / 205.5
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)
Est EPS (USD)
Ratings & reviews
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