Last 38.30 NOK
Change Today -0.60 / -1.54%
Volume 236.3K
As of 10:25 AM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).

sparebank 1 nord-norge (NONG) Snapshot

Open
37.60 NOK
Previous Close
38.90 NOK
Day High
38.80 NOK
Day Low
35.80 NOK
52 Week High
01/2/15 - 40.90 NOK
52 Week Low
04/14/14 - 32.40 NOK
Market Cap
3.8B
Average Volume 10 Days
69.3K
EPS TTM
11.17 NOK
Shares Outstanding
100.4M
EX-Date
03/26/14
P/E TM
3.4x
Dividend
1.10 NOK
Dividend Yield
2.87%
Current Stock Chart for SPAREBANK 1 NORD-NORGE (NONG)

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sparebank 1 nord-norge (NONG) Details

SpareBank 1 Nord-Norge provides financial products and services to retail market customers, small and medium-sized companies, and the organization market primarily the trade union movement in Russia. The company offers lending and deposit, as well as savings and insurance products; and online banking, securities selling, investment advice, corporate finance, interest rate and currency, and asset management services. It operates through 74 branches in 64 municipalities, as well as Svalbard; and 2 branch offices in North-West Russia. The company was founded in 1836 and is headquartered in Tromsø, Norway.

923 Employees
Last Reported Date: 10/29/14
Founded in 1836

sparebank 1 nord-norge (NONG) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: 2.9M NOK
Chief Financial Officer and Senior Group Gene...
Total Annual Compensation: 2.0M NOK
Chief Executive Officer of SpareBank 1 Finans
Total Annual Compensation: 1.6M NOK
Chief Executive Officer of EiendomsMegler 1
Total Annual Compensation: 1.5M NOK
Chief Executive Officer of SNN Invest AS
Total Annual Compensation: 1.4M NOK
Compensation as of Fiscal Year 2013.

sparebank 1 nord-norge (NONG) Key Developments

Sparebank 1 Nord-Norge Announces Unaudited Consolidated and Parent Financial Results for the Third Quarter and Nine Months Ended September 30, 2014

SpareBank 1 Nord-Norge announced unaudited consolidated and parent financial results for the third quarter and nine months ended September 30, 2014. For the nine months, the company reported on group basis net interest income of NOK 1,048 million against NOK 930 million a year ago. Total income was NOK 2,328 million against NOK 1,860 million a year ago. Result before losses was NOK 1,354 million against NOK 978 million a year ago. Result before tax was NOK 1,269 million against NOK 856 million a year ago. Result after tax majority interest was NOK 1,062 million or NOK 5.01 per diluted share against NOK 692 million or NOK 4.35 per diluted share a year ago. Cash flow provided from the year's operations was NOK 1,058 million against NOK 748 million a year ago. Investment in fixed assets was NOK 13 million against NOK 21 million a year ago. Return on equity capital was 15.9% against 12.9% a year ago. For the quarter, the company reported on group basis net interest income of NOK 773 million against NOK 740 million a year ago. Total income was NOK 735 million against NOK 680 million a year ago. Result before losses was NOK 410 million against NOK 394 million a year ago. Result before tax was NOK 372 million against NOK 359 million a year ago. Result after tax majority interest was NOK 309 million or NOK 1.46 per diluted share against NOK 290 million or NOK 1.82 per diluted share a year ago. For the nine months, the company reported on parent basis net interest income of NOK 907 million against NOK 804 million a year ago. Total income was NOK 1,916 million against NOK 1,708 million a year ago. Result before tax was NOK 1,057 million against NOK 882 million a year ago. Result after tax majority interest was NOK 878 million or NOK 4.81 per diluted share against NOK 742 million or NOK 4.14 per diluted share a year ago. Cash flow provided from the year's operations was NOK 852 million against NOK 779 million a year ago. Investment in fixed assets was NOK 73 million against NOK 22 million a year ago. For the quarter, the company reported on parent basis net interest income of NOK 1,113 million against NOK 295 million a year ago. Total income was NOK 2,231 million against NOK 489 million a year ago. Result before tax was NOK 1,107 million against NOK 225 million a year ago. Result after tax majority interest was NOK 915 million or NOK 4.36 per diluted share against NOK 163 million or NOK 1.06 per diluted share a year ago.

Board of Directors of Sparebank 1 Nord-Norge Decides to Apply for a License for the Establishment of a Wholly-Owned Covered Bond Mortgage Company

The Board of Directors of SpareBank 1 Nord-Norge has decided to apply for a license for the establishment of a wholly-owned covered bond mortgage company which will function as a supplement to the jointly owned covered bond issuer SpareBank 1 Boligkreditt. Other banks in the SpareBank 1 Alliance which have a credit rating are considering taking the same action. The reason for the application is that regulatory changes require an increased weighting of the exposures among financial institutions. The change in the weighting of exposures to SpareBank 1 Boligkreditt has increased to 100 from 20%. This entails that limitations may occur in the degree to which an individual SpareBank 1 bank can access covered bond funding through SpareBank 1 Boligkreditt.

SpareBank 1 Nord-Norge, Q3 2014 Earnings Call, Oct 29, 2014

SpareBank 1 Nord-Norge, Q3 2014 Earnings Call, Oct 29, 2014

 

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NONG

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Valuation NONG Industry Range
Price/Earnings 2.4x
Price/Sales 1.1x
Price/Book 0.3x
Price/Cash Flow 2.4x
TEV/Sales NM Not Meaningful
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