Last 61.25 NOK
Change Today +0.50 / 0.82%
Volume 67.1K
As of 10:25 AM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

sparebank 1 sr bank asa (SRBANK) Snapshot

Open
61.00 NOK
Previous Close
60.75 NOK
Day High
61.50 NOK
Day Low
60.75 NOK
52 Week High
02/10/14 - 63.25 NOK
52 Week Low
10/7/13 - 45.70 NOK
Market Cap
15.7B
Average Volume 10 Days
81.5K
EPS TTM
8.90 NOK
Shares Outstanding
255.8M
EX-Date
04/30/14
P/E TM
6.9x
Dividend
1.60 NOK
Dividend Yield
2.61%
Current Stock Chart for SPAREBANK 1 SR BANK ASA (SRBANK)

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sparebank 1 sr bank asa (SRBANK) Details

SpareBank 1 SR-Bank ASA, together with its subsidiaries, provides a range of financial products and services for personal and corporate customers in Norway. The company offers its products and services in the areas of loans, savings, advice, insurance, and pensions. It is involved in trading interest rate instruments, foreign exchange, and equities; and the provision of advisory and administrative securities services, as well as facilitates debt and equity funding. In addition, it sells real estate properties, including commercial real estate, holiday homes, new builds, and existing homes; provides car, boat, and personal loans to retail customers, as well as lease financing services; and offers securities management services. The company serves retail, small business, and agricultural customers; clubs and associations; and public sector. As of December 31, 2013, it had 52 branches in the Rogaland, Hordaland, Vest- Agder, and Aust-Agder counties. The company was founded in 1839 and is headquartered in Stavanger, Norway.

1,126 Employees
Last Reported Date: 08/13/14
Founded in 1839

sparebank 1 sr bank asa (SRBANK) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: 3.8M NOK
Chief Financial Officer
Total Annual Compensation: 2.2M NOK
Executive Vice President of Capital Market
Total Annual Compensation: 2.5M NOK
Executive Vice President of Retail Market
Total Annual Compensation: 2.1M NOK
Executive Vice President of Communications
Total Annual Compensation: 1.6M NOK
Compensation as of Fiscal Year 2013.

sparebank 1 sr bank asa (SRBANK) Key Developments

SpareBank 1 SR-Bank Reports Unaudited Group and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

SpareBank 1 SR-Bank reported unaudited group and parent earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the group reported net interest income of NOK 581 million compared to NOK 526 million a year ago. Total income was NOK 1,226 million compared to NOK 1,053 million a year ago. Operating profit before losses was NOK 725 million compared to operating profit before losses of NOK 841 million a year ago. Profit before tax was NOK 684 million compared to NOK 511 million a year ago. Profit after tax was NOK 534 million compared to NOK 383 million a year ago. Return on equity was 14.5% compared to 11.8% a year ago. EPS was NOK 2.09 compared to NOK 1.50 a year ago. For the six months, the group reported net interest income of NOK 1,128 million compared to NOK 977 million a year ago. Total income was NOK 2,572 million compared to NOK 2,069 million a year ago. Operating profit before losses was NOK 1,566 million compared to operating profit before losses of NOK 1,062 million a year ago. Profit before tax was NOK 1,471 million compared to NOK 1,012 million a year ago. Profit after tax was NOK 1,193 million compared to NOK 777 million a year ago. Return on equity was 16.5% compared to 12.1% a year ago. EPS was NOK 4.67 compared to NOK 3.04 a year ago. Book equity per share was NOK 57.63 compared to NOK 50.89 as at June 30, 2013. Net cash used in operation was NOK 4,582 million compared to NOK 931 million reported a year ago. Investments in tangible fixed assets were NOK 29 million compared to NOK 51 million reported a year ago. For the quarter, the parent company reported net interest income of NOK 528 million compared to NOK 473 million a year ago. Total income was NOK 1,261 million compared to NOK 1,339 million a year ago. Operating profit before losses was NOK 881 million compared to operating profit before losses of NOK 947 million a year ago. Profit before tax was NOK 837 million compared to NOK 929 million a year ago. Profit after tax was NOK 708 million compared to NOK 812 million a year ago. For the six months, the parent company reported net interest income of NOK 1,022 million compared to NOK 874 million a year ago. Total income was NOK 2,346 million compared to NOK 2,090 million a year ago. Operating profit before losses was NOK 1,579 million compared to operating profit before losses of NOK 1,319 million a year ago. Profit before tax was NOK 1,482 million compared to NOK 1,274 million a year ago. Profit after tax was NOK 1,240 million compared to NOK 1,064 million a year ago. Net cash used in operation was NOK 3,456 million compared to NOK 1,117 million reported a year ago. Investments in tangible fixed assets were NOK 26 million compared to NOK 30 million reported a year ago.

SpareBank 1 SR-Bank Announces Board Changes

On 5 June 2014 the Supervisory Board of SpareBank 1 SR-Bank ASA elected Ingvald Løyning as chairman of the Board of Directors. Siv Juvik Tveitnes was elected as a new board- member and Gunn-Jane Håland and Birthe Cecilie Lepsøe were reelected as board-members. Oddvar Rettedal was reelected as board-member to represent the employee. Per Sekse was elected as chair of the Supervisory Board.

SpareBank 1 SR-Bank Approves Amendment to the Articles of Association

SpareBank 1 SR-Bank announced that at its AGM held on April 29, 2014, approved the amendment to the articles of association.

 

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