Financial summary, last ten years

From the income statement (NOKm) 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Net interest and credit commission income 1,477 1,392 1,317 1,325 1,350 1,139 1,024 974 877 871
Commision and fee income 1,139 919 855 756 610 671 580 537 443 332
Operating expenses -1,654 -1,482 -1,140 -1,253 -1,194 -1,103 -990 -906 -729 -733
Operating profit before losses and return on financial investments 962 829 1,032 828 766 707 613 605 590 470
Income from investment in related companies 244 248 276 349 393 233 190 119 23 -5
Return on financial investements 207 186 133 247 -186 99 229 157 42 74
Loan losses and gains/write-downs on disposals of fixed assets 58 27 132 277 202 -6 -84 -38 81 229
Pre-tax operating profit 1,355 1,236 1,309 1,147 771 1,045 1,116 919 574 311
                     
From the balance sheet (NOKm)                    
Total assets 107,919 101,455 97,992 84,541 84,679 71,503 63,178 54,327 38,505 36,876
Outstanding loans (gross) 74,943 73,105 69,847 61,782 64,016 59,178 52,819 45,280 34,226 32,553
Outstanding loans including transf. SpareBank 1 Boligkreditt (gross) 104,909 95,232 87,665 77,429 71,317 61,910 -  -  -  - 
Gross loans in retail market 62,587 55,034 49,619 45,157 42,679 38,872 33,898 29,032 21,491 20,008
Gross loans in corporate market 42,322 40,198 38,046 32,272 28,638 23,038 18,921 16,248 12,735 12,545
Deposits 52,252 47,871 42,786 37,227 35,280 32,434 30,136 27,048 20,725 19,876
Deposits from retail market 22,279 20,860 19,052 17,898 17,566 16,070 14,707 14,080 11,256 11,252
Deposits from corporate market 29,973 27,011 23,734 19,330 17,715 16,364 15,429 12,968 9,469 8,624
Growth in lending, % 10.2 % 8.6 % 13.2 % 8.6 % 15.2 % 17.2 % 16.6 % 32.3 % 5.1 % 4.7 %
Growth in deposits, % 9.2 % 11.9 % 14.9 % 5.5 % 8.8 % 7.6 % 11.4 % 30.5 % 4.3 % 4.3 %
                     
Key figures and ratios                    
Return on equity 11.7 % 12.8 % 14.6 % 16.2 % 11.9 % 18.9 % 23.7 % 23.3 % 20.0 % 10.2 %
Cost-income ratio  54.0 % 53.2 % 44.2 % 46.8 % 55.1 % 51.5 % 49.0 % 50.7 % 52.7 % 57.6 %
                     
Tier 1 ratio 11.4 % 10.4 % 10.9 % 10.5 % 8.1 % 8.4 % 8.6 % 8.8 % 10.8 % 10.1 %
Capital adequacy ratio 13.3 % 12.0 % 13.0 % 13.6 % 11.9 % 12.1 % 11.9 % 10.9 % 12.7 % 13.9 %
                     
No. of staff 1,216 1,153 1,117 1,108 1,062 1,017 950 898 772 772
No. of person-years worked 1,135 1,109 1,035 1,017 973 940 841 806 637 713
No. of branches 51 54 54 55 56 56 58 62 56 56
                     
Key figures EC 1)                    
EC ratio 64.6 % 60.6 % 61.3 % 54.8 % 56.3 % 54.2 % 53.7 % 56.1 % 49.8 % 51.4 %
EC price (NOK) 34.80 36.31 49.89 45.06 21.00 50.28 56.72 54.46 38.27 26.72
Market value (NOKm) 4,518 3,731 5,124 3,749 1,750 3,900 4,140 3,951 2,113 1,476
Profit per EC (NOK) 50.09 48.91 46.17 42.11 38.07 36.43 33.31 30.26 24.99 22.85
Dividend per EC (NOK) 5.21 6.06 5.94 6.37 4.16 5.86 6.24 5.35 2.77 2.22
Booked equity capital per EC (including dividend) 1.50 1.85 2.77 2.10 2.77 3.90 3.04 3.34 1.85 2.00
P/E 6.68 5.99 8.40 7.07 5.05 8.59 9.08 10.19 13.83 12.03
Price/Booked equity capital 0.69 0.74 1.08 1.07 0.55 1.38 1.70 1.80 1.53 1.17
© SpareBank 1 SMN