Main figures

  Fourth quarter January - December
From the income statement (NOKm) 2022 2021 2022 2021
Net interest  961 725 3,339 2,805
Net commission income and other income 473 521 2,042 2,141
Net return on financial investments  163 168 380 840
Total income 1,597 1,414 5,760 5,786
Total operating expenses 646 609 2,443 2,360
Results before losses 951 805 3,317 3,426
Loss on loans, guarantees etc 19 32 -7 161
Results before tax 932 773 3,324 3,266
Tax charge 210 103 718 563
Result investment held for sale, after tax 46 33 179 200
Net profit 768 703 2,785 2,902
Interest Tier 1 Capital 17 10 63 50
Net profit excl. Interest Tier 1 Capital 751 693 2,722 2,852
         
Balance sheet figures     31 Dec 2022 31 Dec 2021
Gross loans to customers      152,629 147,301
Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt     211,244 195,353
Deposits from customers     122,010 111,286
Average total assets     213,112 196,226
Total assets     223,312 198,845
     
  Fourth quarter January - December
Key figures  2022 2021 2022 2021
         
Profitability        
Return on equity 1) 13.1 % 12.7 % 12.3 % 13.5 %
Cost-income ratio 1) 40 % 43 % 42 % 41 %
Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt 80 % 76 % 80 % 76 %
Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt 1) 58 % 57 % 58 % 57 %
Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) 1) 1.1 % 1.8 % 8.1 % 6.9 %
Growth in deposits last 12 months 1.2 % 1.5 % 9.6 % 14.1 %
         
Losses in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt        
Impairment losses ratio 1) 0.04 % 0.07 % 0.00 % 0.09 %
Stage 3 as a percentage of gross loans 1) 0.97 % 1.68 % 0.97 % 1.68 %
         
Solidity     31 Dec 2022 31 Dec 2021
Capital ratio     23.1 % 21.6 %
Tier 1 capital ratio     20.9 % 19.6 %
Common equity Tier 1 capital ratio     18.9 % 18.0 %
Tier 1 capital     21,835 19,322
Total eligible capital     24,147 21,333
Liquidity Coverage Ratio (LCR)     239 % 138 %
Leverage Ratio     7.1 % 6.9 %
         
Branches and staff        
Number of branches     40 40
No. Of full-time positions     1,432 1,390
1) Defined as alternative performance measures, se attachment to quarterly report
2) Historical numbers are restated after the reclassification of the subsidiary SpareBank 1 Markets to Investement held for sale. For more information see note 2.  
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Key figures ECC  31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
ECC ratio 64 % 64 % 64 % 64.0 % 64.0 %
Number of certificates issued, millions 1) 129.29 129.39 129.39 129.30 129.62
ECC share price at end of period (NOK) 127.40 149.00 97.60 100.20 84.20
Stock value (NOKM) 16,471 19,279 12,629 12,956 10,914
Booked equity capital per ECC (including dividend) 1) 109.86 103.48 94.71 90.75 83.87
Profit per ECC, majority 1) 12.82 13.31 8.87 12.14 9.97
Dividend per ECC 6.50 7.50 4.40 6.50 5.10
Price-Earnings Ratio 1) 9.94 11.19 11.01 8.26 8.44
Price-Book Value Ratio 1) 1.16 1.44 1.03 1.10 1.00
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