1. Norway Stocks

  2. •

    Financial Services

  3. •

    Banks - Regional
Sparebanken Vest

Sparebanken Vest

SVEG.OL
Sparebanken VestNO flagOslo Stock Exchange
139.76
NOK
- -
- -
15.33BMarket Cap
Sparebanken Vest
SVEG.OL
(Oslo Stock Exchange)

Recent

price

139.76

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
20.43
85.16
58.5
68.09
73.42
81.83
48.8
53.13
54.19
59.56
36.1
34.9
39.02
45.55
55.45
66.98
68.67
Revenue per Share
3.74
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
43.45
Basic EPS, GAAP
-5.13
-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
38.92
Free Cash Flow per Basic Share
0.68
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
19.95
Dividend per Share
4.72
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
25.02
Book Value per Share
47.03
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
226.47
Tangible Book Value per Share
97
26
37
39
38
39
59
59
59
60
107
107
107
110
110
110
110
Basic Weighted Avg Shares
1,984
2,193
2,176
2,628
2,826
3,158
2,881
3,136
3,199
3,585
3,874
3,745
4,180
4,993
6,082
7,345
7,528
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
87
98
107
114
112
109
118
121
128
135
197
188
208
218
192
178
188
Depreciation Expense
363
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
4,763
Net Income, GAAP
27.4
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
17.91
Effective Tax Rate (%)
18.3
27.86
25.18
35.43
32.13
37.62
36.34
48.5
44.26
46.3
53.28
54.29
60.12
56.42
58.29
63.34
63.27
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
46,377
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
173,631
LT Debt
4,885
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
25,380
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
80.31
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
173.64
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
110
110
110
Market Capitalization
12,980
14,646
15,084

Working Capital

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
364
483
443
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
11.29%
9.23%
12.11%
Free Cash Flow
42.85%
84.14%
18.28%
Net Income, GAAP
15.93%
18.26%
31.23%
Sales/Revenue/Turnover
9.25%
14.06%
20.77%
Total Cash Common Dividend
50.38%
58.87%
38.35%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,375
1,444
1,590
1,662
6,082
2024
1,707
1,818
1,948
1,869
7,345
2025
1,893
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
7.93
7.19
8.1
9.13
32.32
2024
11.16
10.04
11.36
9.89
42.42
2025
12.16
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
11.9
0.71
0.6
4.4
17.61
2024
4.76
18.27
0.43
0.91
24.37
2025
0.33
- -
- -
- -
- -
Similar Companies
Coastal Bank & Trust (CABT)
Cincinnati Bancorp, Inc. (CNNB)
Fideicomiso Irrevocable F/2061 FHipo (BNZIF)
Cembra Money Bank AG (CMBN.SW)
Vestjysk Bank A/S (VJBA.CO)
Bank of Zhengzhou Co., Ltd. (6196.HK)
Business
Sparebanken Norge (formerly Sparebanken Vest, ticker: SBNOR) operates as an independent, listed financial services group primarily engaged in banking and financing activities for retail and corporate customers across Norway, with a focus on Western Norway including the counties of Vestland, Rogaland, and Møre og Romsdal. The company offers a diversified portfolio of core products and services, including traditional retail banking such as mortgages, personal loans, savings accounts, payment solutions, debit and credit cards, and online banking facilities; corporate banking encompassing financing for key industries like aquaculture, fisheries, public services, shipping, oil and gas, and other sectors; digital banking through its Bulder mobile-only platform serving over 117,000 customers with NOK 64 billion in loans; investment services via Norne Securities for securities trading and brokerage; leasing and real estate agency activities; insurance products through its largest shareholder stake in Frende Forsikring; and financing solutions via Brage Finans. Headquartered in Bergen and Kristiansand with 36 branch offices and approximately 1,600 full-time equivalents post-merger, Sparebanken Norge was founded in 1823 as Norway's oldest savings bank and celebrated its 200th anniversary in 2023. In a major strategic development, the company completed its merger with Sparebanken Sør on May 2, 2025, creating Norway's largest savings bank group with 797,500 customers, NOK 453 billion in gross loans, and enhanced market position through issuance of 59.9 million new equity capital certificates at NOK 89.1 each; it also strengthened digital capabilities via a strategic partnership with Tietoevry, reported a Q1 2025 return on equity exceeding 21% against a 13% target, and continued Bulder's strong growth with NOK 10.3 billion in annual loan expansion. Subsidiaries include Sparebanken Norge Boligkreditt AS for covered bonds and stakes in product companies like Norne Securities AS and Brage Finans AS, targeting sustainable growth for approximately 325,000 retail and 14,200 corporate customers with 76% of lending to retail secured by mortgages.