Sparebanken Møre

MORG · OL · Financial Services / Banks - Regional

112.96NOK-1.94 (-1.69%)

Price History

Full chart

Market Stats

Previous Close114.90

Open113.02

Day Range112.94 – 115.98

52-Week Range93.19 – 119.14

Volume27.35K

Market Cap5.40B

P/E (TTM)11.25

Forward P/E11.48

EPS9.69

Dividend Yield6.31%

Beta0.19

50-Day Avg111.08

200-Day Avg112.61

About

Sparebanken Møre, together with its subsidiaries, provides banking services for the retail and business markets in Norway. It operates through Corporate, Retail, and Real Estate Brokerage segments. The company offers deposits and investments, savings, payment, financial advice, insurance brokerage, and consulting services; mortgage loans; and brokerage services in the purchase and sale of residential and commercial properties. It also provides financing products, such as overdrafts, installment loans, green commercial building loans, construction loans, leasing, and growth guarantee schemes; asset management; mutual funds; online banking; credit cards; and car, home, contents, travel, personal, cabin, boat, valuables, dog, cat, horse, electric scooter, employee/personnel, agriculture, vehicles and machinery, and building and asset insurance products. Sparebanken Møre was founded in 1843 and is headquartered in Ålesund, Norway.

Company Details

SectorFinancial Services
IndustryBanks - Regional
CEOMr. Trond Lars Nydal
Employees412
HeadquartersParkgata 2, Ålesund, Norway, 6003, Norway
Websitehttps://www.sbm.no

Leadership

Mr. Trond Lars NydalChief Executive Officer · b. 1970
Mr. Erik RokkeEVP, Head of Risk Management & Compliance Section · b. 1969
Mr. Kjetil HaugeEVP, Head of the Organization & Corporate Support Section · b. 1972
Ms. Linda Beate StrømmenHead of the Business Market division · b. 1978
Ms. Marie Rekdal HideEmployees Elected Representative Director & Chief Shop Steward · b. 1985
Ms. Elisabeth BlomvikHead of the Retail Market division · b. 1978
Laila HurlenHead of Operational Risk
Mr. Ove SkjeretEVP, Head of Business Development Section · b. 1971
Kare Helvik MorkenHead of Risk Management Department
Mr. Ole André KjerstadCEO & MD of More Boligkreditt AS

Financials

Income Statement

Currency: NOK	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: NOK	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	795.00M	806.00M	919.00M	1.02B	1.06B	1.17B	1.12B	1.21B	1.24B	1.41B	1.30B	1.36B	1.34B	1.43B	1.61B	1.51B	1.53B	1.76B	2.19B	2.40B	2.39B
Growth (%)	-	+1.38%	+14.02%	+10.55%	+4.13%	+10.21%	-3.69%	+7.66%	+2.89%	+12.94%	-7.33%	+4.69%	-1.76%	+6.57%	+12.61%	-5.72%	+0.79%	+15.00%	+25.00%	+9.38%	-0.46%
Cost of Revenue	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	1.39B	1.25B	1.34B	1.33B	1.41B	1.56B	-	-	-	-	-	-
Gross Margin	-	-	-	-	-	-	-	-	-	98.65%	96.24%	98.39%	99.25%	98.88%	96.89%	-	-	-	-	-	-
Operating Expense	-	-	-	-	-	-	-	-	-	564.00M	561.00M	586.00M	590.00M	607.00M	646.00M	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	822.00M	692.00M	755.00M	739.00M	804.00M	911.00M	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-	-	58.51%	53.15%	55.39%	55.19%	56.34%	56.69%	-	-	-	-	-	-
EBITDA	810.00M	1.09B	1.77B	2.51B	1.62B	1.78B	1.88B	2.08B	1.83B	1.99B	1.62B	1.49B	1.46B	1.60B	1.98B	1.51B	1.29B	-	-	-	-
EBITDA Margin	101.89%	134.86%	192.93%	247.44%	153.12%	152.40%	167.23%	172.13%	146.95%	141.71%	124.19%	109.17%	108.81%	112.12%	122.90%	99.41%	84.48%	-	-	-	-
Net Income	264.00M	272.00M	333.00M	338.00M	335.00M	458.00M	377.00M	530.00M	450.00M	623.00M	503.00M	574.00M	557.00M	605.00M	711.00M	567.00M	642.00M	777.00M	1.05B	1.09B	1.03B
Net Income Margin	33.21%	33.75%	36.24%	33.27%	31.66%	39.28%	33.57%	43.84%	36.17%	44.34%	38.63%	42.11%	41.60%	42.40%	44.24%	37.43%	42.04%	44.25%	48.06%	45.23%	43.10%
Interest Expense	0	0	0	0	0	0	0	0	0	0	0	0	0	761.00M	1.01B	726.00M	457.00M	1.21B	3.02B	3.90B	4.04B
Interest Expense % of Total Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	53.33%	63.10%	47.92%	29.93%	69.08%	137.40%	162.31%	169.08%

Balance Sheet

Currency: NOK	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: NOK	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	26.86B	31.76B	35.62B	40.80B	41.39B	44.44B	48.41B	51.63B	54.63B	56.30B	60.12B	61.59B	66.49B	71.07B	74.88B	79.49B	82.80B	89.50B	96.73B	102.33B	109.42B
Total Liabilities	24.78B	29.57B	33.21B	38.17B	38.45B	41.19B	44.99B	47.87B	50.14B	51.46B	55.01B	56.15B	60.41B	64.68B	67.91B	72.28B	75.23B	81.40B	88.06B	93.31B	100.04B
Total Equity	2.07B	2.19B	2.40B	2.63B	2.94B	3.25B	3.42B	3.76B	4.49B	4.84B	5.11B	5.44B	6.08B	6.39B	6.97B	7.21B	7.57B	8.10B	8.68B	9.03B	9.37B
Cash	448.00M	1.04B	1.37B	1.38B	682.00M	634.00M	814.00M	669.00M	1.28B	78.00M	1.05B	300.00M	637.00M	857.00M	1.07B	542.00M	428.00M	394.00M	266.00M	447.00M	968.00M
Total Debt	530.00M	530.00M	530.00M	679.00M	9.84B	10.66B	13.29B	19.43B	20.94B	21.80B	24.30B	22.34B	26.39B	28.93B	29.79B	31.68B	31.95B	-	-	-	-
Net Debt	82.00M	-510.00M	-844.00M	-699.00M	9.16B	10.02B	12.47B	18.76B	19.66B	21.72B	23.25B	22.04B	25.76B	28.07B	28.72B	31.14B	31.52B	35.28B	38.49B	41.31B	44.06B

Cash Flow

Currency: NOK	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: NOK	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	251.00M	223.00M	419.00M	-3.96B	-49.00M	-1.37B	-2.51B	-2.27B	-2.66B	-2.50B	-600.00M	3.16B	-3.63B	-906.00M	204.00M	222.00M	976.00M	-3.30B	-1.05B	-2.32B	-2.50B
Investing Cash Flow	-	-	-	-	-	-	-	-	-	111.00M	-247.00M	-1.32B	371.00M	-775.00M	-23.00M	-1.55B	-3.52B	51.00M	-	-	-
Financing Cash Flow	1.88B	4.60B	3.40B	4.88B	289.00M	2.57B	3.59B	2.64B	2.56B	1.32B	1.82B	-2.60B	3.60B	1.90B	34.00M	795.00M	2.42B	3.21B	-	-	-
Capital Expenditure	20.00M	40.00M	45.00M	21.00M	26.00M	41.00M	83.00M	57.00M	13.00M	33.00M	43.00M	20.00M	24.00M	23.00M	33.00M	37.00M	17.00M	35.00M	41.00M	71.00M	180.00M
Free Cash Flow	231.00M	183.00M	374.00M	-3.98B	-75.00M	-1.42B	-2.59B	-2.32B	-2.67B	-2.53B	-643.00M	3.14B	-3.65B	-929.00M	171.00M	185.00M	959.00M	-3.33B	-1.09B	-2.39B	-2.68B
Dividends Paid	-	-	-	127.00M	119.00M	73.00M	94.00M	63.00M	94.00M	79.00M	133.00M	114.00M	138.00M	138.00M	153.00M	138.00M	133.00M	189.00M	198.00M	371.00M	621.00M
FCF to OCF	92.03%	82.06%	89.26%	100.53%	153.06%	102.98%	103.31%	102.52%	100.49%	101.32%	107.17%	99.37%	100.66%	102.54%	83.82%	83.33%	98.26%	101.06%	103.89%	103.07%	107.20%
Dividend Paid to FCF	-	-	-	-3.19%	-158.67%	-5.16%	-3.63%	-2.71%	-3.52%	-3.12%	-20.68%	3.63%	-3.78%	-14.85%	89.47%	74.59%	13.87%	-5.67%	-18.08%	-15.54%	-23.16%

Earnings

Report Date	Oct 21, 2004	Jan 27, 2005	Apr 21, 2005	Oct 20, 2005	Feb 2, 2006	Apr 27, 2006	Oct 26, 2006	Apr 26, 2007	Aug 9, 2007	Oct 25, 2007	Feb 7, 2008	Apr 24, 2008	Aug 7, 2008	Oct 23, 2008	Feb 5, 2009	Apr 30, 2009	Aug 6, 2009	Oct 30, 2009	Feb 3, 2010	Apr 22, 2010	Aug 5, 2010	Oct 20, 2010	Feb 3, 2011	Apr 28, 2011	Aug 11, 2011	Oct 27, 2011	Feb 2, 2012	Apr 26, 2012	Jul 15, 2012	Oct 25, 2012	Jan 30, 2013	Apr 25, 2013	Aug 8, 2013	Oct 24, 2013	Jan 29, 2014	May 7, 2014	Aug 7, 2014	Oct 23, 2014	Jan 29, 2015	Apr 30, 2015	Aug 6, 2015	Oct 20, 2015	Jan 28, 2016	Apr 21, 2016	Aug 10, 2016	Oct 20, 2016	Jan 26, 2017	Apr 27, 2017	Aug 10, 2017	Oct 19, 2017	Jan 26, 2018	Apr 24, 2018	Aug 15, 2018	Oct 24, 2018	Jan 24, 2019	Apr 25, 2019	Aug 14, 2019	Oct 24, 2019	Jan 30, 2020	May 2, 2020	Aug 13, 2020	Oct 22, 2020	Feb 11, 2021	Apr 29, 2021	Aug 12, 2021	Oct 25, 2021	Jan 26, 2022	Apr 28, 2022	Aug 10, 2022	Oct 27, 2022	Jan 25, 2023	Apr 25, 2023	Aug 10, 2023	Oct 25, 2023	Jan 25, 2024	Apr 24, 2024	Aug 14, 2024	Oct 22, 2024	Jan 28, 2025	Apr 28, 2025	Aug 13, 2025	Oct 22, 2025	Jan 28, 2026	Apr 29, 2026	Aug 12, 2026	Oct 29, 2026
EPS Estimate	0.83	0.88	1.02	1.38	0.82	0.94	1.02	1.01	0.97	-	1.13	-	1.08	0.88	0.92	0.81	0.73	0.94	-	0.88	-	1.02	1.05	1.05	1.09	-	1.07	0.94	1.08	1.23	1.63	1.08	-	1.24	1.24	1.18	1.22	9.22	1.22	1.29	1.26	6.14	1.29	1.15	7.77	1.36	1.27	1.24	6.36	1.30	1.41	1.35	1.43	7.63	1.49	1.48	7.84	1.68	1.78	0.86	1.37	1.34	1.62	1.33	1.47	1.56	1.85	1.59	1.76	1.78	2.20	2.37	2.39	2.53	3.08	2.62	2.41	2.54	2.31	2.43	2.25	2.34	2.33	2.16	1.98	2.29
EPS Actual	1.00	0.74	0.91	1.04	0.88	0.89	1.03	1.04	1.14	2.74	1.17	2.34	1.07	1.23	0.74	0.88	1.24	1.25	2.36	1.06	4.01	1.22	1.24	1.05	1.42	2.21	0.99	1.08	1.14	1.27	2.63	0.99	2.94	1.16	1.30	1.32	1.32	11.65	1.28	1.35	1.35	5.50	1.24	1.21	9.30	1.52	1.16	1.31	6.50	1.39	1.54	1.40	1.70	7.35	1.40	1.59	8.50	1.76	1.78	1.09	1.43	1.48	1.42	1.65	1.37	1.72	1.40	1.57	1.78	1.82	2.33	1.96	2.46	2.42	3.28	2.41	5.73	2.66	2.03	2.13	2.26	2.40	2.78	1.94	2.57	-
Surprise	20.48%	-15.91%	-10.78%	-24.64%	7.32%	-5.32%	0.98%	2.97%	17.53%	-	3.54%	-	-0.93%	39.77%	-19.57%	8.64%	69.86%	32.98%	-	20.45%	-	19.61%	18.10%	0.00%	30.28%	-	-7.48%	14.89%	5.56%	3.25%	61.35%	-8.33%	-	-6.45%	4.84%	11.86%	8.20%	26.36%	4.92%	4.65%	7.14%	-10.42%	-3.88%	5.22%	19.69%	11.76%	-8.66%	5.65%	2.20%	6.92%	9.22%	3.70%	18.88%	-3.67%	-6.04%	7.43%	8.42%	4.76%	0.00%	26.74%	4.38%	10.45%	-12.35%	24.06%	-6.80%	10.26%	-24.32%	-1.26%	1.14%	2.25%	5.91%	-17.30%	2.93%	-4.35%	6.49%	-8.02%	137.60%	4.72%	-12.12%	-12.35%	0.44%	2.56%	19.31%	-10.19%	29.80%	-
Timing	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	-	Pre-market	-	Pre-market	Pre-market	Pre-market	-	Pre-market	Pre-market	-	Pre-market	-	After-hours	Pre-market	Pre-market	Pre-market	-	Pre-market	After-hours	After-hours	After-hours	After-hours	Pre-market	-	Pre-market	After-hours	After-hours	Pre-market	Pre-market	Pre-market	-	-	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	Pre-market	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market

Key Statistics & Ratios

Market Cap5.40B

Enterprise Value52.38B

Trailing P/E11.25

Forward P/E11.48

PEG Ratio5.26

Price / Sales2.29

Price / Book0.61

EPS9.69

Book Value168.88

Revenue (TTM)2.36B

Gross Profit (TTM)2.35B

Profit Margin44.19%

Operating Margin58.94%

Return on Equity11.59%

Return on Assets0.93%

Shares Outstanding49.58M

Shares Float41.18M

Beta0.19

Dividend Yield6.31%

Dividend Rate7.00

Payout Ratio72.24%

Dividends

20261×

7.00Apr 9, 2026

20251×

6.25Apr 10, 2025

20241×

7.50Apr 4, 2024

20231×

4.00Mar 30, 2023

20221×

3.20Mar 31, 2022

20212×

1.80Oct 28, 20210.90Mar 24, 2021

20201×

2.80Apr 17, 2020

20191×

3.10Mar 21, 2019

20181×

2.80Mar 22, 2018

20171×

2.80Mar 30, 2017

20161×

2.30Mar 17, 2016

20151×

2.70Mar 26, 2015

20141×

1.60Mar 27, 2014

20131×

2.39Mar 25, 2013

20121×

1.59Mar 26, 2012

20111×

2.39Mar 28, 2011

20101×

2.39Mar 22, 2010

20091×

3.32Mar 23, 2009

20081×

3.81Mar 17, 2008

20071×

3.32Mar 26, 2007

20061×

3.32Mar 20, 2006

20051×

2.98Mar 14, 2005

20041×

2.65Mar 15, 2004

Stock Splits

Apr 1, 20225:1
Jun 14, 2013977:972
Mar 22, 20106:5
Aug 19, 19981158:1141
May 7, 1996621:608
Oct 21, 19942061:2011
Nov 9, 19937115:6294