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Sparebanken Møre

Sparebanken Møre

MORG.OL
Sparebanken MøreNO flagOslo Stock Exchange
108.60
NOK
-1.80
- -
5.38BMarket Cap
Sparebanken Møre
MORG.OL
(Oslo Stock Exchange)

Recent

price

108.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
29.74
28.49
30.84
28.78
28.64
26.68
27.86
27.22
28.94
32.59
30.57
30.97
35.6
44.55
48.61
48.23
48.15
Revenue per Share
11.68
9.67
13.52
10.41
12.7
10.31
11.73
11.32
12.27
14.42
11.5
13.02
15.76
21.41
21.99
20.79
20.32
Basic EPS, GAAP
-36.09
-66.57
-59.23
-61.86
-37.65
-13.75
64.23
-74.3
-18.84
3.47
3.75
-54.23
-67.62
-62.48
-48.33
-54.11
-118.98
Free Cash Flow per Basic Share
1.86
2.4
1.61
2.17
1.61
2.72
2.33
2.81
2.8
3.1
2.8
2.7
3.2
4.02
17.94
12.53
18.6
Dividend per Share
20
82.46
20
22.88
20.16
20.26
42.53
20.11
20.06
20.06
20.05
20.06
20.06
20.07
20.17
20.1
20.12
Book Value per Share
78.69
82.62
95.34
103.41
98.12
103.75
110.24
122.7
128.13
140.26
144.99
152.5
163.19
174.99
181.53
187.75
177.45
Tangible Book Value per Share
39
39
39
43
49
49
49
49
49
49
49
49
49
49
49
50
50
Basic Weighted Avg Shares
1,166
1,117
1,209
1,244
1,405
1,302
1,363
1,339
1,427
1,607
1,508
1,527
1,755
2,195
2,401
2,390
2,384
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
55.39
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
36
26
31
28
25
29
32
31
35
50
46
- -
- -
49
55
62
15
Depreciation Expense
458
379
530
450
623
503
574
557
605
711
567
642
777
1,055
1,086
1,030
1,006
Net Income, GAAP
25.16
27.67
28.38
27.54
24.21
27.31
23.97
24.63
24.75
21.95
22.75
22.93
23.3
24.05
23.84
23.7
23.67
Effective Tax Rate (%)
39.28
33.93
43.84
36.17
44.34
38.63
42.11
41.6
42.4
44.24
37.6
42.04
44.27
48.06
45.23
43.1
42.2
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
15,634
18,512
19,428
21,068
21,799
24,303
22,339
26,395
28,931
29,792
31,685
31,946
35,679
38,754
41,820
45,091
47,904
LT Debt
3,100
3,256
3,761
4,491
4,844
5,112
5,441
6,078
6,360
6,970
7,208
7,570
8,102
8,680
9,026
9,374
8,849
Total Equity
- -
- -
- -
- -
- -
- -
1.99
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
63.74
18.87
26.39
50.76
62.99
50.86
37.39
36.29
61.17
71.89
57.33
64.91
78.56
106.67
109.42
103.41
101.36
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
50
50
50
Market Capitalization
4,788
5,080
5,293

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
447
299
696
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.28%
5.41%
3.86%
Free Cash Flow
-250.8%
-307.71%
12.32%
Net Income, GAAP
8.49%
13.56%
-5.16%
Sales/Revenue/Turnover
6.61%
10.04%
-0.46%
Total Cash Common Dividend
- -
71.61%
-29.91%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
578
608
626
589
2,401
2025
566
603
613
- -
2,390
2026
553
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.15
6.1
5.68
5.07
21.99
2025
4.68
4.9
5.99
- -
20.79
2026
4.26
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.87
8.27
0.61
8.18
17.94
2025
1.15
8.65
2.16
- -
12.53
2026
1.51
- -
- -
- -
- -
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Business
Sparebanken Møre is a Norwegian regional savings bank primarily engaged in providing a comprehensive range of financial products and services including retail and corporate banking, mortgage lending, consumer loans, car loans, deposits, credit and debit cards, asset management, financial advisory services, payment transfers, currency and interest rate trading, insurance solutions, and real estate brokerage. It operates through Corporate, Retail, and Real Estate Brokerage segments with a strong presence in the Møre og Romsdal region and maintains a network of branches concentrated mainly in this area. Founded in 1843 and headquartered in Ålesund, Norway, Sparebanken Møre also encompasses wholly owned subsidiaries such as Møre Boligkreditt AS, a mortgage company. Recent major developments include an extended and expanded agreement with Tietoevry Banking in 2024 to deliver its Banking-as-a-Platform solutions portfolio, continued investments in technology, competence, and geographic growth initiatives, and a strategic transition towards enhanced customer advisory models integrating physical and digital channels. Additionally, the bank has consolidated market leadership in Nordvestlandet with noticeable market share growth and reported improved results and increased income in 2025. It also launched "GrønnArena Møre" in April 2024, a three-year green training program aimed at regional business owners, reflecting focus on sustainability initiatives. The bank reported operational adjustments due to interest rate changes, with resulting impacts on lending and deposit margins, and embraces digital transformation to improve efficiency and customer service.