1. Norway Stocks

  2. •

    Financial Services

  3. •

    Banks - Regional
Sparebanken Vest

Sparebanken Vest

SPIZF
Sparebanken VestUS flagOther OTC
19.80
USD
- -
- -
3.43BMarket Cap
Sparebanken Vest
SPIZF
(Other OTC)

Recent

price

19.80

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
85.16
58.5
68.09
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
75.84
Revenue per Share
23.73
14.73
24.12
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
42.3
Basic EPS, GAAP
-40.97
23.98
24.02
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
48.13
Free Cash Flow per Basic Share
1.83
2.88
2.1
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
13.81
Dividend per Share
20.93
20.57
20.57
20.63
20.57
25
25.01
25.01
25.04
25
25
25.04
25.02
25.01
25.01
25.01
25.39
Book Value per Share
217.68
171.02
183.56
203.28
227.49
186.91
216.57
233.19
254.59
154.5
168.73
182
197.21
211.26
234.31
280.22
268.72
Tangible Book Value per Share
26
37
39
38
39
59
59
59
60
107
107
107
110
110
110
173
171
Basic Weighted Avg Shares
2,193
2,176
2,628
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
12,942
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
98
107
114
112
109
118
121
128
135
197
188
208
218
192
178
353
415
Depreciation Expense
611
548
931
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
7,218
Net Income, GAAP
23.62
25.14
27.51
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
17.59
Effective Tax Rate (%)
27.86
25.18
35.43
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
55.77
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
49,088
46,219
52,379
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
281,410
LT Debt
5,929
6,691
7,394
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
52,002
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
122.57
84.05
119.44
114.36
149.62
92.25
103.05
95.93
111.3
98.52
75.77
93.66
103.83
129.24
169.6
185.84
204.04
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
169
173
173
Market Capitalization
26,905
29,867
34,053

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
756
86
739
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
1,734
1,845
1,975
1,896
7,450
2025
1,923
3,070
3,287
3,389
11,679
2026
3,196
- -
- -
- -
- -

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
- -
- -
- -
- -

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
- -
- -
- -
- -
Similar Companies
Zhongyuan Bank Co., Ltd. (1216.HK)
Ponce Financial Group, Inc. (PDLB)
Customers Bancorp, Inc. (CUBI)
PT Bank Maspion Indonesia Tbk (BMAS.JK)
Lyons Bancorp Inc. (LYBC)
Bank of Ningbo Co., Ltd. (002142.SZ)
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

APIChatGPT

  • defenseworld.net

    Sparebanken Vest (OTCMKTS:SPIZF) Shares Up 29.9% – Still a Buy?