Main figures

  January - September    
  2018 2017 2017
From the income statement NOKm %1) NOKm %1)  NOKm %1) 
Net interest  1,759 1.50 1,636 1.51 2,225 1.52
Net commission income and other income 1,634 1.40 1,475 1.36 2,005 1.37
Net return on financial investments  662 0.57 504 0.47 760 0.52
Total income 4,055 3.46 3,615 3.34 4,989 3.42
Total operating expenses 1,922 1.64 1,751 1.62 2,369 1.62
Results before losses 2,133 1.82 1,864 1.72 2,621 1.80
Loss on loans, guarantees etc 196 0.17 263 0.24 341 0.23
Results before tax 1,937 1.65 1,601 1.48 2,279 1.56
Tax charge 405 0.35 328 0.30 450 0.31
Result investment held for sale, after tax 157 0.13 2 0.00 -1 0.00
Net profit 1,689 1.44 1,275 1.18 1,828 1.25
Interest Tier 1 Capital 28   25   33  
Net profit excl. Interest Tier 1 Capital 1,661   1,250   1,795  
             
Key figures  30 Sept 2018   30 Sept 2017   31 Dec 2017  
Profitability            
Return on equity 2) 13.3 %   10.8 %   11.5 %  
Cost-income ratio 2) 47 %   48 %   47 %  
Balance sheet figures            
Gross loans to customers  118,044   110,695   112,071  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 157,825   147,146   148,784  
Deposits from customers 77,529   73,086   76,476  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 66 %   66 %   68 %  
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 2) 49 %   50 %   51 %  
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 2) 7.3 %   9.4 %   8.2 %  
Growth in deposits last 12 months 6.1 %   10.3 %   13.9 %  
Average total assets 156,064   144,121   145,948  
Total assets 159,337   146,913   153,254  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio 2) 0.17 %   0.25 %   0.23 %  
Non-performing commitm. as a percentage of gross loans 2) 0.18 %   0.18 %   0.19 %  
Other doubtful commitm. as a percentage of gross loans 2) 0.86 %   0.83 %   0.80 %  
Solidity            
Capital adequacy ratio 19.2 %   19.0 %   18.6 %  
Core capital ratio 16.7 %   16.6 %   16.6 %  
Common equity tier 1 ratio 14.9 %   14.6 %   14.6 %  
Core capital 16,542   15,718   15,707  
Net equity and related capital 18,969   18,004   17,629  
Liquidity Coverage Ratio (LCR) 150 %   124 %   164 %  
Leverage Ratio 7.5 %   7.4 %   7.2 %  
Branches and staff            
Number of branches 48   48   48  
No. Of full-time positions 1,467   1,415   1,403  
1) Calculated as a percentage of average total assets
2) Defined as alternative performance mesures, see attachment to the quarterly report

 

Key figures ECC  30 Sept 2018 30 Sept 2017 31 Dec 2017 31 Dec 2016 31 Dec 2015 31 Dec 2014
ECC ratio 64.0 % 64.0 % 64.0 % 64.0 % 64.0 % 64.6 %
Number of certificates issued, millions 2) 129.44 129.40 129.38 129.64 129.43 129.83
ECC share price at end of period (NOK) 90.90 81.25 82.25 64.75 50.50 58.50
Stock value (NOKM) 11,780 10,549 10,679 8,407 6,556 7,595
Booked equity capital per ECC (including dividend) 2) 82.57 79.18 78.81 73.35 67.39 62.04
Profit per ECC, majority 2) 8.07 6.08 8.71 7.93 6.96 8.82
Dividend per ECC     4.40 3.00 2.25 2.25
Price-Earnings Ratio 2) 8.45 10.02 9.44 8.17 7.26 6.63
Price-Book Value Ratio 2) 1.10 1.03 1.04 0.88 0.75 0.94
2) Defined as alternative performance measures, see attachement to quarterly report      

 

 

© SpareBank 1 SMN