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    Financial Services

  3. •

    Banks - Regional
Sparebanken Norge

Sparebanken Norge

SPIZF
Sparebanken NorgeUS flagOther OTC
19.80
USD
- -
- -
3.43BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
74.75
83.02
49.63
54.03
55.08
60.43
36.83
35.71
39.79
46.33
56.53
67.93
67.42
18.75
Basic EPS, GAAP
23.59
30.78
17.74
25.77
23.99
27.58
19.23
18.94
23.46
25.7
32.32
42.42
37.95
42.34
Free Cash Flow per Basic Share
15.72
22.6
25.14
17.82
18.84
24.84
3.71
14.85
19.26
20.6
33.57
39.71
39.6
46.67
Dividend per Share
2.83
3.32
3.13
2.02
6.1
6.21
3.28
8.29
8.48
9.38
17.61
24.37
13.4
26.35
Book Value per Share
211.33
235.63
191.64
221.35
238.09
259.75
157.51
171.83
184.87
199.73
213.56
238.15
309.17
303.1
Tangible Book Value per Share
203.25
227.46
186.91
216.57
233.19
254.59
154.5
168.73
182
197.21
211.26
233
273.33
267.89
Basic Weighted Avg Shares
38
39
59
59
59
60
107
107
107
110
110
110
173
172
Sales/Revenue/Turnover
2,877
3,204
2,930
3,189
3,251
3,637
3,953
3,832
4,263
5,078
6,200
7,450
11,679
3,217
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
112
109
118
121
128
135
197
188
208
218
192
178
353
439
Net Income, GAAP
908
1,188
1,047
1,521
1,416
1,660
2,064
2,033
2,513
2,817
3,545
4,652
6,574
7,266
Effective Tax Rate (%)
25.63
20.43
25
22.24
23.16
22.85
20.47
14.97
17.74
19.61
19.78
17.51
18.94
17.87
Profit Margin (%)
31.56
37.08
35.73
47.7
43.56
45.64
52.21
53.05
58.95
55.47
57.18
62.44
56.29
225.86
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
58,966
64,577
78,907
78,165
85,982
96,270
58,587
78,924
90,970
102,598
128,072
117,189
198,065
295,265
Total Equity
8,135
9,094
11,313
13,065
14,054
15,634
16,904
18,441
19,807
21,893
23,424
26,261
54,752
53,943
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
11.7
13.79
10.26
12.48
10.44
11.18
12.69
11.5
13.14
13.51
15.65
18.78
16.5
14.23

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
173
173
173
Market Capitalization
30,477
34,569
34,297

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
86
739
555
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
19.7%
29.11%
108.49%
Free Cash Flow
41.59%
35.55%
57.52%
Net Income, GAAP
21.25%
26.82%
41.32%
Sales/Revenue/Turnover
15.77%
25.88%
56.77%
Total Cash Common Dividend
44.61%
25.68%
-13.13%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
7,450
2025
- -
- -
- -
- -
11,679
2026
- -
3,217
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11.16
10.04
11.36
9.9
42.42
2025
7.86
9.9
10.41
10.08
37.95
2026
11.89
9.96
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.76
18.27
0.43
0.91
24.37
2025
0.21
12.67
0.06
0.77
13.4
2026
0.4
24.9
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jan Erik Kjerpeseth
Full Time Employees
1,644
Sector
Financial Services
Industry
Banks - Regional
Address
Jonsvollsgaten 2 Bergen HL Norway 5011
IPO Date
Oct 8, 2012
Website
sbnorge.no
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Business
Sparebanken Norge (ticker: SBNOR), formerly Sparebanken Vest, is an independent listed financial services group founded in 1823 and headquartered in Bergen, Norway, that provides comprehensive banking and financing services primarily to retail and corporate customers across Norway, with a strong presence in Vestland, Rogaland, and other regions. The company operates through key segments including Retail Market, Corporate Market, Bulder Bank (a fully digital mortgage and daily banking provider), Treasury, and Estate Agency Activities; it offers core products such as mortgages (including energy efficiency loans), personal and business loans, deposit accounts, payment cards, online banking, leasing and sales financing via Brage Finans AS, securities trading and investment banking through Norne Securities AS, a full range of property and casualty and life insurance products via Frende Holding AS (67.18% owned), asset management through Frende Kapitalforvaltning AS, real estate brokerage services via Eiendomsmegler Norge AS, and covered bonds through Sparebanken Norge Boligkreditt AS. Significant recent developments include the completion of its merger with Sparebanken Sør in May 2025 to form Norway's largest savings bank serving approximately 797,500 customers with gross loans of NOK 453 billion, a subsequent merger with Oslofjord Sparebank finalized in December 2025 that increased ownership capital by NOK 91.8 million, a strategic partnership with Tietoevry announced in 2025 to enhance digital payment, card technologies, and fraud monitoring capabilities, and strong growth in Bulder Bank which reached NOK 64 billion in loan volume and 117,400 customers by Q1 2025 alongside the launch of sustainability-linked loans representing over 30% of new corporate lending.

Company News

Company News APIChatGPT

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