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    Banks - Regional
Sparebanken Sør

Sparebanken Sør

SOR.OL
Sparebanken SørNO flagOslo Stock Exchange
203.00
NOK
- -
- -
8.46BMarket Cap
Sparebanken Sør
SOR.OL
(Oslo Stock Exchange)

Recent

price

203.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
279.35
269.52
250.33
314.44
333.16
247.31
221.26
134.75
134.05
131.56
147.15
147.28
151.81
64.95
83.57
- -
90.71
Revenue per Share
121.66
119.79
91.24
135.7
141.31
109.27
79.64
63.1
62.78
59.9
71.82
69.84
78.24
30.79
42.63
- -
47.69
Basic EPS, GAAP
-247.99
-1,039.71
-918.05
920.39
-114.64
215.58
-822.44
83.4
-115.4
-223.13
-68.82
-36.71
-173.11
-79.9
57.37
- -
62.25
Free Cash Flow per Basic Share
7.02
5.15
5.15
3.74
6.08
5.19
5.8
4.85
9
9.58
9.83
4.41
16.95
4.34
13.42
- -
0.6
Dividend per Share
1,008.36
1,091.64
1,222.19
1,318.58
79.55
88.41
90.13
68.97
71.78
73.57
74.82
49.99
50.03
50.01
50.01
- -
50
Book Value per Share
1,008.36
1,121.59
1,204.88
1,334.49
1,451.47
881.22
1,018.64
640.54
708.42
755.04
833.38
874.94
951.72
376.7
400.26
- -
429.95
Tangible Book Value per Share
2
2
2
2
2
8
8
16
16
16
16
16
16
42
42
- -
42
Basic Weighted Avg Shares
597
576
535
672
712
2,003
1,792
2,110
2,099
2,060
2,305
2,307
2,373
2,707
3,474
3,785
3,781
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
60.33
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
12
11
12
14
15
40
34
33
29
30
37
43
44
43
47
57
57
Depreciation Expense
260
256
195
290
302
885
645
988
983
938
1,125
1,094
1,223
1,283
1,772
1,988
1,988
Net Income, GAAP
29.54
27.27
30.6
28.04
26.88
19.55
26.31
22.31
22.27
23.28
23.31
21.88
20.85
20.56
20.39
19.05
19.05
Effective Tax Rate (%)
43.55
44.44
36.45
43.15
42.42
44.18
35.99
46.82
46.83
45.53
48.81
47.42
51.54
47.4
51.01
52.52
52.58
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
18,284
12,787
15,866
15,989
18,834
36,875
43,099
42,420
45,747
49,927
55,401
60,540
61,758
68,911
65,664
76,225
76,225
LT Debt
2,155
2,397
2,575
2,852
3,111
7,157
8,263
10,051
11,108
11,845
13,081
13,752
14,941
15,779
16,753
18,041
18,041
Total Equity
- -
- -
- -
- -
- -
- -
- -
1.89
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
12.79
11.41
7.89
10.68
20.21
199.77
89.21
109.17
89.2
82.43
96.82
111.92
156.29
89.53
85.13
95.51
95.51
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'24
Sep'24
Dec'24
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
42
42
42
Market Capitalization
6,190
7,291
8,249

Working Capital

FRC

•

in mil. unless spec.
Jun'24
Sep'24
Dec'24
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
430
340
492
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
9.79%
6.65%
7.69%
Free Cash Flow
-63.11%
36.84%
8.81%
Net Income, GAAP
10.51%
12.85%
12.19%
Sales/Revenue/Turnover
7.1%
10.86%
8.95%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
584
630
649
842
2,707
2023
796
841
926
911
3,474
2024
949
960
955
917
3,785

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
17.66
17.46
6.42
- -
30.79
2023
11.09
10.22
10.97
10.27
42.63
2024
13.77
12.07
11.66
10.2
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.77
9.34
0.24
- -
4.34
2023
0.38
12.02
0.46
0.53
13.42
2024
0.6
- -
- -
- -
- -
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Business
Sparebanken Sør operates as an independent savings bank headquartered in Kristiansand, Norway, primarily serving retail and corporate customers in the counties of Agder, Telemark, Rogaland, and Vestfold. Founded in 1824, the bank offers a comprehensive suite of financial products and services including loans (mortgages, consumer loans, car loans), savings accounts, payment services (domestic and international), credit and debit cards, insurance products (non-life, personal, health, property, travel, occupational pensions, employers’ liability insurance), securities trading, real estate brokerage, and property management. It distributes its insurance products through subsidiaries and associated companies and provides digital and mobile banking services to its customers. The bank caters to private individuals, small and medium-sized enterprises (SMEs), and various organizational clients such as health and educational institutions. In recent major developments, Sparebanken Sør merged with Sparebanken Vest on May 2, 2025, forming Sparebanken Norge, marking a significant strategic consolidation in the Norwegian banking sector. This merger expanded the bank's footprint and operational scale while maintaining its core financial services under the new entity. Additionally, in early 2025, Sparebanken Sør acquired full ownership of its real estate brokerage subsidiary Sørmegleren, strengthening its foothold in real estate services. The bank has also consistently focused on digital innovation, including launching sustainable payment cards in collaboration with TietoEVRY to cater to environmentally conscious customers. Despite industry challenges such as pressure on deposit margins and merger-related costs, the bank demonstrated solid growth in loans and deposits, strong capital adequacy, low loan losses, and improved commission income, positioning itself well for future sustainable growth. Sparebanken Sør operates mainly through two business segments: Retail Market, which serves private customers with loans, insurance, savings, and payment services; and Corporate Market, which delivers tailored financial products to business clients. The bank's services address various customer needs including financing, savings, pension plans, insurance brokerage, real estate transactions, and consultancy. The bank’s network of branches and advanced internet and mobile platforms contribute to its accessibility and competitive edge in the Norwegian regional banking market. Its strategic partnerships and acquisitions reflect an ongoing commitment to expanding product offerings and operational efficiency within Norway's financial industry.