SpareBank 1 Ostlandet
SPOL
ISIN NO0010751910 / Valor 36965873
SpareBank 1 Ostlandet
UMushroom community rating:
About company
SpareBank 1 Østlandet is a financial institution that offers a wide range of services including financing for investments and operations, money transfer services, interest rate and currency hedging, investment of surplus liquidity, and insurance cover for individuals and commercial properties. The bank's Corporate Division works closely with the Retail Division and subsidiaries to provide leasing, factoring, accounting, and advisory services. Additionally, the Capital Market Division serves high-net-worth individuals and companies, offering advice and solutions for risk-adjusted returns on free capital. The bank also has a presence in the Organisation Market Division, serving the Norwegian Confederation of Trade Unions and affiliated associations. With headquarters in Hamar and branch offices across Innlandet, Akershus, and Oslo, SpareBank 1 Østlandet is listed on Oslo Børs and is part-owner of SpareBank 1 Gruppen AS and SpareBank 1 Utvikling. With a history of nearly 180 years, the bank has a strong presence in Østlandet and is the fourth largest savings bank in Norway, employing 1,100 proficient and engaged employees.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (07.08.2024):
Profit After Tax
SpareBank 1 Østlandet reported a profit after tax of NOK 2,222 million for the year 2023. This reflects a significant increase compared to the previous year, showcasing the bank's strong financial performance amidst a challenging economic environment.
Return on Equity
The return on equity for SpareBank 1 Østlandet in 2023 was 11.3%. This metric indicates the bank's efficiency in generating profits from its equity, marking a robust performance in the financial year.
Net Interest Income
For the year 2023, SpareBank 1 Østlandet's net interest income amounted to NOK 3,655 million. This figure highlights the bank's ability to generate income from its lending and investment activities.
Operating Expenses
SpareBank 1 Østlandet's total operating expenses for 2023 were NOK 2,191 million. The bank has managed to control its costs effectively, contributing to its overall profitability.
Dividend
In 2023, SpareBank 1 Østlandet declared a dividend per equity capital certificate (ECC) of NOK 10.2. This payout reflects the bank's commitment to providing returns to its shareholders while maintaining a strong capital base.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1838 M
Market cap (USD)
23,202
Daily traded volume (Shares)
153.88 / 151.62
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
EQUITIES OF THE SAME SECTOR
