Note 21 - Proforma results from quarterly accounts
The pro forma results for the quarters is the sum of the quarterly accounts of SpareBank 1 SMN and Sparebank 1 Søre Sunnmøre. For the second quarter 2023, the pro forma figures are as the would have been if the merger had been completed before 2 may 2023.
| Group (NOKm) | 2Q | 1Q | 4Q | 3Q | 2Q | 1Q |
| 2023 | 2023 | 2022 | 2022 | 2022 | 2022 | |
| Interest income effective interest method | 2,683 | 2,496 | 2,255 | 1,696 | 1,421 | 1,293 |
| Interest expenses | 1,570 | 1,404 | 1,236 | 834 | 575 | 496 |
| Net interest | 1,113 | 1,092 | 1,018 | 862 | 846 | 797 |
| Commission income | 374 | 361 | 360 | 391 | 401 | 378 |
| Commission expenses | 52 | 51 | 47 | 54 | 47 | 44 |
| Other operating income | 245 | 250 | 178 | 175 | 223 | 207 |
| Commission income and other income | 567 | 560 | 492 | 512 | 577 | 542 |
| Dividends | 21 | 4 | 24 | 8 | 14 | 6 |
| Income from investment in related companies | 85 | 128 | 205 | 108 | 79 | 63 |
| Net return on financial investments | 1 | -98 | -41 | -33 | -116 | 115 |
| Net return on financial investments | 106 | 34 | 188 | 83 | -23 | 184 |
| Total income | 1,786 | 1,687 | 1,698 | 1,457 | 1,400 | 1,522 |
| Staff costs | 389 | 418 | 354 | 368 | 367 | 392 |
| Other operating expenses | 307 | 352 | 334 | 253 | 252 | 270 |
| Total operating expenses | 697 | 769 | 688 | 621 | 619 | 662 |
| Result before losses | 1,090 | 917 | 1,010 | 836 | 781 | 860 |
| Loss on loans, guarantees etc. | 30 | -68 | 29 | 16 | -59 | 10 |
| Result before tax | 1,060 | 986 | 982 | 820 | 840 | 849 |
| Tax charge | 162 | 214 | 218 | 187 | 176 | 169 |
| Result investment held for sale, after tax | 37 | 38 | 46 | 10 | 87 | 37 |
| Net profit | 935 | 809 | 810 | 642 | 750 | 717 |
| Group (NOKm) | 2Q | 1Q | 4Q | 3Q | 2Q | 1Q |
| 2023 | 2023 | 2022 | 2022 | 2022 | 2022 | |
| Profitability | ||||||
| Return on equity per quarter | 15.2% | 12.7% | 13.4% | 10.4% | 12.0% | 11.8% |
| Cost-income ratio | 39 % | 46 % | 41 % | 43 % | 44 % | 44 % |
| Impairment losses ratio | 0.05 % | -0.12% | 0.05% | 0.03 % | -0.11 % | 0.02% |
| Balance sheet figures | ||||||
| Gross loans to customers | 166,819 | 163,591 | 163,069 | 160,691 | 158,853 | 156,922 |
| Gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt | 232,100 | 228,242 | 225,553 | 222,999 | 219,352 | 213,539 |
| Deposit from customers | 140,164 | 133,309 | 131,135 | 129,439 | 132,877 | 122,973 |
| Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt | 84 % | 81 % | 80 % | 81 % | 84 % | 78 % |
| Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt | 60 % | 58 % | 58 % | 58 % | 61 % | 58 % |
| Total assets | 248,806 | 241,058 | 235,497 | 231,110 | 229,780 | 219,306 |
| Growth in loans incl. SB1 Boligkreditt and SB1 Næringskredtt last 3 months | 1.7 % | 1.2 % | 1.1 % | 1.7 % | 2.7 % | 2.3 % |
| Growth in deposits last 3 months | 5.1 % | 1.7 % | 1.3 % | -2.6 % | 8.1 % | 2.7 % |
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2nd quarter 2023
- Main figures
- Report of the Board of Directors
- Income statement
- Balance sheet
- Cash flow statement
- Change in equity
- Notes
- Results from quarterly accounts
- Key figures from quarterly accounts
- Statement in compliance with the securities trading act, section 5-6
- Equity capital certificates
- Auditor's report