Last 58.25 NOK
Change Today +0.75 / 1.30%
Volume 14.5K
MING On Other Exchanges
Symbol
Exchange
OTC US
Berlin
As of 3:38 AM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

sparebank 1 smn (MING) Snapshot

Open
58.00 NOK
Previous Close
57.50 NOK
Day High
58.25 NOK
Day Low
57.75 NOK
52 Week High
09/19/14 - 62.25 NOK
52 Week Low
10/23/13 - 47.60 NOK
Market Cap
7.6B
Average Volume 10 Days
128.5K
EPS TTM
10.11 NOK
Shares Outstanding
129.8M
EX-Date
03/27/14
P/E TM
5.8x
Dividend
1.75 NOK
Dividend Yield
3.00%
Current Stock Chart for SPAREBANK 1 SMN (MING)

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sparebank 1 smn (MING) Details

SpareBank 1 SMN, together with its subsidiaries, provides various financial and banking products and services. It offers advisory services to retail customers, farm sector customers, pools/associations, one-person businesses, and small and medium businesses; and various products in the fields of financing, savings and investment, insurance, and payment services. The company also provides financial counseling in investment and operations financing, domestic and foreign money transfers, fixed income and currency hedging, investment of surplus liquidity, and insurance of individuals and buildings/operating equipment; leasing, factoring, and accountancy services; E-business solutions; and fixed income and foreign exchange services. In addition, it offers car loans, boat loans, and leasing and business loans to corporates and private individuals; and car fleet management solutions to the public and private sectors. Further, the company sells and operates prepaid cards based on the Visa and MasterCard payment networks; and provides real estate agency and asset management services. Additionally, it owns, operates, and develops various commercial properties. The company operates in approximately 50 locations in 42 municipalities that serve 189,000 retail customers and 13,000 corporate customers in Trøndelag counties, Møre and Romsdal, and Sogn and Fjordane. SpareBank 1 SMN was founded in 1823 and is headquartered in Trondheim, Norway.

1,167 Employees
Last Reported Date: 08/13/14
Founded in 1823

sparebank 1 smn (MING) Top Compensated Officers

Group Chief Executive Officer, Managing Direc...
Total Annual Compensation: 6.0M NOK
Chief Financial Officer and Executive Directo...
Total Annual Compensation: 2.9M NOK
Head The Business Area of Products & Processe...
Total Annual Compensation: 2.1M NOK
Executive Director of Human Resources, Perfor...
Total Annual Compensation: 2.4M NOK
Executive Director of Group Customers, Credit
Total Annual Compensation: 2.6M NOK
Compensation as of Fiscal Year 2013.

sparebank 1 smn (MING) Key Developments

SpareBank 1 SMN Reports Group and Parent Earnings Results for the Second Quarter and First Half Ended June 30, 2014

SpareBank 1 SMN reported group and parent earnings results for the second quarter and first half ended June 30, 2014. For the first half, on group basis, the company reported interest income of NOK 2,082 million compared to interest income of NOK 1,990 million for the same period a year ago. Net interest income was NOK 843 million compared to NOK 746 million last year. Total income was NOK 2,081 million compared to NOK 1,670 million last year. Profit before tax was NOK 1,165 million compared to NOK 782 million last year. Net profit was NOK 963 million or NOK 4.77 per diluted share compared to NOK 606 million or NOK 2.99 per diluted share last year. Net cash flow from operations was NOK 5,094 million compared to net cash used in operating activities of NOK 878 million last year. Increase in tangible fixed assets was NOK 44 million compared to net cash used in operating activities of NOK 16 million last year. Return on equity was 16.8% compared to 11.9% last year. For the quarter, on group basis, the company reported interest income of NOK 1,055 million compared to interest income of NOK 1,036 million for the same period a year ago. Net interest income was NOK 430 million compared to NOK 403 million last year. Total income was NOK 1,026 million compared to NOK 849 million last year. Profit before tax was NOK 568 million compared to NOK 391 million last year. Net profit was NOK 464 million or NOK 2.29 per diluted share compared to NOK 285 million or NOK 1.43 per diluted share last year. Return on equity per quarter was 16.0% compared to 11.1% last year. For the first half, on parent basis, the company reported interest income of NOK 2,062 million compared to interest income of NOK 1,979 million for the same period a year ago. Net interest income was NOK 775 million compared to NOK 685 million last year. Total income was NOK 1,764 million compared to NOK 1,616 million last year. Profit before tax was NOK 1,124 million compared to NOK 982 million last year. Net profit was NOK 942 million compared to NOK 830 million last year. Net cash flow from operations was NOK 5,188 million compared to net cash used in operating activities of NOK 748 million last year. Increase in tangible fixed assets was NOK 22 million compared to net cash used in operating activities of NOK 16 million last year. Return on equity was 18.8 % compared to 18.7% last year. For the quarter, on parent basis, the company reported interest income of NOK 1,046 million compared to interest income of NOK 1,031 million for the same period a year ago. Net interest income was NOK 396 million compared to NOK 372 million last year. Total income was NOK 903 million compared to NOK 1,011 million last year. Profit before tax was NOK 583 million compared to NOK 687 million last year. Net profit was NOK 492 million compared to NOK 599 million last year. Return on equity was 19.5% compared to 26.6 % last year.

SpareBank 1 SMN, Q2 2014 Earnings Call, Aug 13, 2014

SpareBank 1 SMN, Q2 2014 Earnings Call, Aug 13, 2014

SpareBank 1 SMN Announces Group and Parent Earnings Results for the First Quarter Ended March 31, 2014

SpareBank 1 SMN announced group and parent earnings results for the first quarter ended March 31, 2014. For the quarter, on group basis, the company reported post-tax profit of NOK 500 million against NOK 321 million a year ago, an increase of NOK 179 million. Pre-tax profit was NOK 597 million against NOK 390 million a year ago. Return on equity was 17.7% against 12.7% a year ago. Diluted earnings per equity certificate were NOK 2.49 against NOK 1.55 a year ago. Net interest income came to NOK 412 million against NOK 343 million a year ago, an increase of NOK 69 million. Total income was NOK 1,055 million against NOK 822 million a year ago. Operating income NOK 797 million against NOK 660 million a year ago, increased largely as a result of increased lending margins. Net interest income strengthened substantially through 2013 as a result of interest rates increases on loans to retail and corporate customers in the second quarter of 2013. Net cash flow from operations was NOK 5,024 million against net cash flow used in operations of NOK 2,513 million a year ago. Increase in tangible fixed assets was NOK 35 million against NOK 3 million a year ago. For the quarter, on parent basis, the company reported net interest of NOK 379 million against NOK 312 million a year ago. Total income was NOK 861 million against NOK 605 million a year ago. Result before tax was NOK 541 million against NOK 296 million a year ago. Net profit was NOK 450 million against NOK 231 million a year ago. Return on equity was 18.3% against 10.7% a year ago. Net cash flow from operations was NOK 5,017 million against net cash flow used in operations of NOK 2,614 million a year ago. Increase in tangible fixed assets was NOK 7 million against NOK 7 million a year ago.

 

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