Q4: Strong result, strengthened banking operations and good customer growth

CORRECTION: The new revised target for common equity tier 1 ratio is 16.8 per cent.

See news and press release

Fourth quarter of 2019 (Consolidated figures. Figures in brackets concern the corresponding period in 2018)
Profit before tax: NOK 406 (347) million
Profit after tax: NOK 291 (322) million
Return on equity: 7.3 (9.1) per cent
Net interest income: NOK 584 (544) million
Net commissions and other operating income: NOK 333 (313) million
Net result from financial assets and liabilities: NOK 11 (7) million
Total operating costs: NOK 490 (506) million
Loan losses: NOK 33 (11) million
• Lending growth, inclusive of mortgages transferred to the covered bond companies, was 2.3 (0.7) per cent for the quarter. • Deposit growth was 2.1 (1.8) per cent for the quarter. 

Reports can be found here.

See  Preliminary financial statements 2019 below

Preliminary financial statements 2019

(Consolidated figures. Figures in brackets concern 2018)

Profit after tax: NOK 1,928 (1,414) million
Return on equity: 12.8 (10.5) per cent
Earnings per equity certificate: NOK 11.55 (8.46)
Net interest income: NOK 2,166 (2,074) million
Net commissions and other operating income: NOK 1,388 (1,286) million
Net result from financial assets and liabilities: NOK 735 (291) million
Total operating costs: NOK 1,930 (1,881) million
Loan losses: NOK 32 (35) million
Common equity tier 1 ratio: 17.2 (16.8) per cent
Lending growth in 2019, inclusive of mortgages transferred to the covered bond companies: 7.5 (8.2) per cent
Deposit growth in 2019: 9.8 (8.4) per cent
• The Board of Directors is proposing to the Supervisory Board of the Bank a cash dividend of NOK 5.72 (4.12) per equity certificate, totalling NOK 663 (477) million. A customer dividend of NOK 266 (222) million and provisions of NOK 26 (6) million for donations are also proposed. Details concerning SpareBank 1 Østlandets results can be found here.

Election meeting for equity capital certificate holders in SpareBank 1 Østlandet

Election meeting for equity certificate holders in SpareBank 1 Østlandet (SPOL) on Thursday 13 February 11.30 in the Bank’s premises at Strandgata 15, Hamar.


Solid quarter from SpareBank 1 Østlandet

Third quarter of 2019

(Consolidated figures. Figures in brackets concern the corresponding period in 2018)
• Profit after tax: NOK 409 (362) million
• Return on equity: 10.7 (10.8) per cent
• Net interest income: NOK 554 (524) million
• Net commissions and other operating income: NOK 350 (316) million
• Net result from financial assets and liabilities: NOK 103 (90) million
• Total operating costs: NOK 457 (457) million
• Loan loss provisions: NOK 24 (12) million


Year to date as of 30 September 2019

(Consolidated figures. Figures in brackets concern the corresponding period in 2018)
• Profit after tax: NOK 1 637 (1 092) million
• Return on equity: 14.8 (11.1) per cent
• Earnings per equity certificate: NOK 9.72 (6.85)
• Net interest income: NOK 1 582 (1 530) million
• Net commissions and other operating income: NOK 1 055 (973) million
• Net result from financial assets and liabilities: NOK 724 (284) million
• Total operating costs: NOK 1 441 (1 375) million
• Loan loss provisions: NOK 0 (24) million
• Core equity tier 1 ratio: 16.7 (15.9) per cent

CEO Richard Heiberg and CFO Geir-Egil Bolstad.  

Reports:

Third quarter report

Presentation

Fact book


Barcode_justert.jpeg.jpg

Annual report 2018

Very strong results for SpareBank 1 Østlandet in its first whole year of operation after the merger.



A quick overview

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Ticker: SPOL

See updated price at Oslo Børs

Financial calendar

3. quarter 2019

Friday 25 October

See financial calendar

 

Rating

Moody's A1, outlook negative

See reports


Geir-Egil Bolstad
CFO
+47 918 82 071
Runar Hauge
Portfolio Manager/IR
+47 482 95 659