Main figures
| Fourth quarter | January - December | |||
| From the income statement (NOKm) | 2023 | 2022 | 2023 | 2022 |
| Net interest | 1,312 | 961 | 4,632 | 3,339 |
| Net commission income and other income | 498 | 473 | 2,084 | 2,042 |
| Net return on financial investments | 571 | 163 | 799 | 380 |
| Total income | 2,382 | 1,597 | 7,515 | 5,760 |
| Total operating expenses | 866 | 646 | 3,017 | 2,443 |
| Results before losses | 1,517 | 951 | 4,498 | 3,317 |
| Loss on loans, guarantees etc | 20 | 19 | 14 | -7 |
| Results before tax | 1,496 | 932 | 4,484 | 3,324 |
| Tax charge | 262 | 210 | 904 | 718 |
| Result investment held for sale, after tax | 12 | 46 | 108 | 179 |
| Net profit | 1,247 | 768 | 3,688 | 2,785 |
| Interest Tier 1 Capital | 40 | 17 | 125 | 63 |
| Net profit excl. Interest Tier 1 Capital | 1,207 | 751 | 3,563 | 2,722 |
| Balance sheet figures | 31 Dec 2023 | 31 Dec 2022 | ||
| Gross loans to customers | 169,862 | 152,629 | ||
| Gross loans to customers incl. SB1 Boligkreditt and SB1 Næringskreditt | 236,329 | 211,244 | ||
| Deposits from customers | 132,888 | 122,010 | ||
| Average total assets | 235,303 | 213,112 | ||
| Total assets | 232,717 | 223,312 | ||
| Fourth quarter | January - December | |||
| Key figures | 2023 | 2022 | 2023 | 2022 |
| Profitability 1) | ||||
| Return on equity | 18.3 % | 13.1 % | 14.4 % | 12.3 % |
| Cost-income ratio 2) | 48 % | 45 % | 45 % | 45 % |
| Deposit-to-loan ratio excl. SB1 Boligkreditt and SB1 Næringskreditt | 78 % | 80 % | 78 % | 80 % |
| Deposit-to-loan ratio incl. SB1 Boligkreditt and SB1 Næringskreditt | 56 % | 58 % | 56 % | 58 % |
| Growth in loans (gross) last 12 months (incl. SB1 Boligkreditt and SB1 Næringskreditt) | 0.9 % | 1.1 % | 11.9 % | 8.1 % |
| Growth in deposits last 12 months | -3.9 % | 1.2 % | 8.9 % | 9.6 % |
| Losses in % of gross loans incl. SB1 Boligkreditt and SB1 Næringskreditt 1) | ||||
| Impairment losses ratio | 0.03 % | 0.04 % | 0.01 % | 0.00 % |
| Stage 3 as a percentage of gross loans | 0.88 % | 0.97 % | 0.88 % | 0.97 % |
| Solidity | 31 Dec 2023 | 31 Dec 2022 | ||
| Capital ratio | 23.0 % | 23.1 % | ||
| Tier 1 capital ratio | 20.8 % | 20.9 % | ||
| Common equity Tier 1 capital ratio | 18.8 % | 18.9 % | ||
| Tier 1 capital | 23,793 | 21,835 | ||
| Total eligible capital | 26,399 | 24,147 | ||
| Liquidity Coverage Ratio (LCR) | 175 % | 239 % | ||
| Leverage Ratio | 7.2 % | 7.1 % | ||
| Branches and staff | ||||
| Number of branches | 46 | 40 | ||
| No. Of full-time positions 2) | 1,545 | 1,432 | ||
| 1) Defined as alternative performance measures, see attachment to quarterly report 2) Historical figures are restated after the reclassification of the subsidiary SpareBank 1 Markets to Investment held for sale. For more information see note 2. |
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| Key figures ECC | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
| ECC ratio | 67 % | 64 % | 64 % | 64 % | 64 % |
| Number of certificates issued, millions 1) | 144.20 | 129.29 | 129.39 | 129.39 | 129.30 |
| ECC share price at end of period (NOK) | 141.80 | 127.40 | 149.00 | 97.60 | 100.20 |
| Stock value (NOKM) | 20,448 | 16,471 | 19,279 | 12,629 | 12,956 |
| Booked equity capital per ECC (including dividend) 1) | 120.48 | 109.86 | 103.48 | 94.71 | 90.75 |
| Profit per ECC, majority 1) | 16.88 | 12.82 | 13.31 | 8.87 | 12.14 |
| Dividend per ECC | 12.00 | 6.50 | 7.50 | 4.40 | 6.50 |
| Price-Earnings Ratio 1) | 8.40 | 9.94 | 11.19 | 11.01 | 8.26 |
| Price-Book Value Ratio 1) | 1.18 | 1.16 | 1.44 | 1.03 | 1.10 |
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