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Grong Sparebank

Grong Sparebank

GRONG · OL · Financial Services / Banks - Regional

172.00NOK+1.00 (+0.58%)

Price History

Full chart

Market Stats

Previous Close171.00
Open171.00
Day Range171.00 – 172.00
52-Week Range137.03 – 199.98
Volume45
Market Cap721.72M
P/E (TTM)9.48
Forward P/E0.00
EPS19.17
Dividend Yield6.05%
Beta0.24
50-Day Avg186.10
200-Day Avg186.95

About

Grong Sparebank, an independent savings bank, provides a range of banking products and services in Norway. The company provides mutual fund savings, wealth advice, retirement savings, BSU, and savings accounts products; mortgage, construction loans, fixed-rate loans, framework loan, cottage loans, car loans, and consumer loans; refinancing the mortgage; and loans for other vehicles. It also offers various insurance products, such as car and other vehicles, contents, dog, travel, child, valuables, home, electric scooter, house and belongings, life and health insurance; and bankID app, avtalGiro and eInvoice, pay with smartwatch, easy and contactless payment, Vips, bank and credit cards, deposit accounts, mobile payments, current accounts, mobile banking and online banking, and in-store cash services. Grong Sparebank was founded in 1862 and is headquartered in Grong, Norway.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Jon Håvard Solum
  • Employees93
  • HeadquartersSundspetvegen 2, Grong, Norway, 7870, Norway
  • Websitehttps://www.grong-sparebank.no

Leadership

  • Mr. Jon Håvard SolumCEO & GM · b. 1966
  • Mr. Johan TrapnesChief Financial Officer
  • Ms. Karhild Hallager BergBank Manager of Private Market
  • Mr. Stian BrekkvassmoBank Manager of Corporate Market
  • Kjerstin Opdal SkistadHR, Communication & Sustainability Manager
  • Mr. Fredrik HagenHead of Department Mosjøen
  • Mr. Torgeir HanssenHead of Division Namsos
  • Ann Kristin Gasbakk RavloHead of Insurance
  • June Marlen MorkHead of Customer Center
  • Busse RoadsHead of IT

Financials

Income Statement

Currency: NOK2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue-163.06M169.40M187.43M219.08M218.17M324.38M339.02M314.50M408.92M
Growth (%)--+3.89%+10.64%+16.88%-0.41%+48.68%+4.52%-7.23%+30.02%
Net Income38.71M46.04M53.14M53.72M87.40M85.87M165.71M155.22M111.07M196.11M
Net Income Margin-28.24%31.37%28.66%39.89%39.36%51.09%45.78%35.32%47.96%
Interest Expense0070.61M93.06M71.64M47.65M106.28M267.41M365.26M390.33M
Interest Expense % of Total Revenue-0.00%41.68%49.65%32.70%21.84%32.76%78.88%116.14%95.46%

Balance Sheet

Currency: NOK2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets5.47B5.89B6.41B6.78B7.22B7.91B8.98B10.05B10.93B11.38B
Total Liabilities4.99B5.31B5.79B6.09B6.38B6.99B7.82B8.78B9.57B9.88B
Total Equity477.28M580.78M616.11M692.06M841.39M921.66M1.16B1.28B1.36B1.50B
Cash-99.85M134.67M105.83M6.40M622.86M733.55M82.32M79.87M81.98M
Net Debt-1.12B1.19B1.18B589.19M799.93M445.86M1.19B1.47B1.56B

Cash Flow

Currency: NOK2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-1.80B-195.03M-439.22M-290.59M-10.25M-220.29M365.25M45.33M-148.44M-200.18M
Investing Cash Flow-27.31M-23.48M-24.36M-7.64M-31.59M-10.05M-82.82M-11.15M-27.85M-72.75M
Financing Cash Flow-369.30M466.04M319.99M-56.96M177.17M-204.73M32.98M235.32M25.74M
Capital Expenditure03.79M8.12M524.00K303.00K1.79M842.00K1.77M1.86M1.68M
Free Cash Flow-918.00K-63.62M42.85M-10.55M-222.08M364.41M43.55M-150.30M-201.86M
Dividends Paid-8.95M17.75M17.75M20.81M17.84M26.75M35.75M39.73M41.71M
FCF to OCF--0.47%14.49%-14.75%102.96%100.81%99.77%96.08%101.25%100.84%
Dividend Paid to FCF-975.38%-27.90%41.42%-197.19%-8.03%7.34%82.09%-26.43%-20.66%

Earnings

Report DateJun 30, 2017Sep 30, 2017Dec 31, 2017Mar 31, 2018Jun 30, 2018Sep 30, 2018Dec 31, 2018Mar 31, 2019Jun 30, 2019Sep 30, 2019Dec 31, 2019Mar 31, 2020Jun 30, 2020Sep 30, 2020Mar 3, 2021May 12, 2021Aug 11, 2021Nov 11, 2021Feb 16, 2022May 4, 2022Aug 10, 2022Nov 10, 2022Feb 20, 2023May 10, 2023Aug 14, 2023Nov 15, 2023Feb 14, 2024May 8, 2024Aug 14, 2024Nov 14, 2024Feb 19, 2025May 13, 2025Aug 13, 2025Nov 11, 2025Mar 25, 2026Jun 3, 2026Aug 11, 2026
EPS Estimate------------------2.50-4.702.503.212.865.823.663.433.675.623.312.913.175.003.363.162.876.01
EPS Actual2.551.792.051.722.822.072.221.892.161.902.191.062.852.117.122.003.232.974.148.111.044.136.822.375.683.047.522.733.423.302.512.486.455.756.192.444.78
Surprise------------------65.60%--77.87%65.20%112.46%-17.13%-2.41%-16.94%119.24%-25.61%-39.15%-0.30%-13.75%-21.77%29.00%71.13%95.89%-14.99%-20.47%
Timing--------------After-hoursPre-marketAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursPre-marketPre-market-After-hours-Pre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursAfter-hours-After-hours

Key Statistics & Ratios

Market Cap721.72M
Enterprise Value1.09B
Trailing P/E9.48
Forward P/E0.00
Price / Sales1.74
Price / Book0.43
EPS19.17
Book Value361.07
Revenue (TTM)414.60M
Gross Profit (TTM)414.60M
Profit Margin44.30%
Operating Margin56.19%
Return on Equity12.59%
Return on Assets1.53%
Shares Outstanding3.97M
Shares Float2.41M
Beta0.24
Dividend Yield6.05%
Dividend Rate11.00
Payout Ratio57.41%

Dividends

20261×
11.00Apr 9, 2026
20251×
10.50Apr 10, 2025
20241×
10.00Apr 4, 2024
20231×
9.00Mar 15, 2023
20221×
7.84Mar 16, 2022
20211×
5.23Mar 26, 2021
20201×
6.10Mar 13, 2020
20191×
6.10Mar 15, 2019
20181×
6.07Mar 16, 2018