Main figures

Main figures SpareBank 1 SMN, the Group January - March    
  2019 2018 2018
From the income statement NOKm % 1)  NOKm % 1)  NOKm % 1) 
Net interest  649 1.59 568 1.49 2,403 1.53
Net commission income and other income 551 1.36 542 1.42 2,177 1.39
Net return on financial investments  727 1.79 180 0.47 757 0.48
Total income 1,926 4.74 1,290 3.38 5,337 3.40
Total operating expenses 704 1.73 645 1.69 2,624 1.67
Results before losses 1,223 3.01 645 1.69 2,713 1.73
Loss on loans, guarantees etc 67 0.17 48 0.13 263 0.17
Results before tax 1,155 2.84 596 1.56 2,450 1.56
Tax charge 109 0.27 131 0.34 509 0.32
Result investment held for sale, after tax 0 0.00 1 0.00 149 0.10
Net profit 1,046 2.57 466 1.22 2,090 1.33
Interest Tier 1 Capital 19   11   37  
Net profit excl. Interest Tier 1 Capital 1,027   455   2,052  
             
Key figures  31 Mar 2019   31 Mar 2018   31 Dec 2018  
Profitability            
Return on equity 2) 23.3 %   11.2 %   12.2 %  
Cost-income ratio 2) 37 %   50 %   49 %  
Balance sheet figures            
Gross loans to customers  120,100   113,174   120,473  
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt 161,091   151,065   160,317  
Deposits from customers 81,111   75,937   80,615  
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 68 %   67 %   67 %  
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 2) 50 %   50 %   50 %  
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 2) 6.6 %   7.9 %   7.8 %  
Growth in deposits last 12 months 6.8 %   8.2 %   5.4 %  
Average total assets 162,673   152,668   156,992  
Total assets 164,641   152,083   160,704  
Losses and defaults in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt            
Impairment losses ratio 2) 0.17 %   0.13 %   0.17 %  
Non-performing commitm. as a percentage of gross loans 2) 0.18 %   0.19 %   0.19 %  
Other doubtful commitm. as a percentage of gross loans 2) 0.99 %   0.90 %   0.86 %  
Solidity            
Capital adequacy ratio 18.6 %   18.2 %   18.5 %  
Core capital ratio 16.4 %   16.3 %   16.3 %  
Common equity tier 1 ratio 14.8 %   14.6 %   14.6 %  
Core capital 16,775   15,697   16,472  
Net equity and related capital 19,115   17,518   18,743  
Liquidity Coverage Ratio (LCR) 180 %   162 %   183 %  
Leverage Ratio 7.4 %   7.3 %   7.4 %  
Branches and staff            
Number of branches 48   48   48  
No. Of full-time positions 1,524   1,393   1,493  
             
 1) Calculated as a percentage of average total assets            
 2) Defined as alternative performance mesures, see attachment to the quarterly report      

 

Key figures ECC  31 Mar 2019 31 Mar 2018 31 Dec 2018 31 Dec 2017 31 Dec 2016 31 Dec 2015
ECC ratio 64.0 % 64.0 % 64.0 % 64.0 % 64.0 % 64.0 %
Number of certificates issued, millions 2) 129.41 129.38 129.62 129.38 129.64 129.43
ECC share price at end of period (NOK) 87.40 80.90 84.20 82.25 64.75 50.50
Stock value (NOKM) 11,310 10,464 10,914 10,679 8,407 6,556
Booked equity capital per ECC (including dividend) 2) 83.86 76.53 83.87 78.81 73.35 67.39
Profit per ECC, majority 2) 5.02 2.21 9.97 8.71 7.93 6.96
Dividend per ECC     5.10 4.40 3.00 2.25
Price-Earnings Ratio 2) 4.35 9.16 8.44 9.44 8.17 7.26
Price-Book Value Ratio 2) 1.04 1.06 1.00 1.04 0.88 0.75
2) Defined as alternative performance measures, see attachement to quarterly report         

                                                                           

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1st quarter 2019

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