1. Norway Stocks

  2. •

    Finance

  3. •

    Savings banks
Sparebanken More

Sparebanken More

105.50
NOK
+0.30
(+0.29%)
5.37BMarket Cap
Oct 29Next Earn
Sparebanken More
OSL:MORG
(Euronext Oslo)

Recent

price

105.50

P/E

ratio

- -

div

yld

12.54%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
NOK
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
- -
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
- -
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
-4.03
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
13.23
Dividend per Share
79.07
83.05
95.93
91.23
99.08
104.74
110.4
123.5
129.02
141.35
146.46
153.47
164.39
176.25
182.21
189.13
184.06
Book Value per Share
78.69
82.62
95.34
90.8
98.44
103.75
109.44
122.65
128.17
140.26
145.31
152.44
163.26
175.05
181
187.7
182.67
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
- -
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
55.39
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
36
26
31
28
25
29
32
31
35
50
46
- -
- -
49
55
62
- -
Depreciation Expense
458
379
530
450
623
503
574
557
605
711
567
642
777
1,055
1,086
1,030
- -
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
- -
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
- -
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
47,950
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
9,123
Total Equity
- -
- -
- -
- -
- -
- -
1.91
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
2.91
1.87
2.36
1.85
2.39
1.79
2.01
1.85
1.79
1.97
1.5
1.64
1.87
2.31
2.21
1.96
- -
Return on Capital (%)
15.16
11.93
15.11
10.91
13.35
10.1
10.88
9.67
9.73
10.67
8
8.69
9.92
12.57
12.27
11.2
- -
Return on Common Equity (%)

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
50
50
50
Market Capitalization
5,799
5,821
5,370

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
968
285
276
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

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

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
578
608
626
589
2,401
2025
566
600
- -
613
2,390
2026
553
606
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

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
5.55
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

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
9.56
- -
- -
- -
Similar Companies
National Securities Depository Limited (BSE:NSDL)
Webster Financial Corporation (NYSE:WBS)
Columbia Financial, Inc. (NASDAQ:CLBK)
OceanFirst Financial Corp. (NASDAQ:OCFC)
WSFS Financial Corporation (NASDAQ:WSFS)
Provident Financial Services, Inc (NYSE:PFS)
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.