Sparebank 1 Nord-Norge (NONG) - Net Assets

Latest as of June 2025: Nkr19.14 Billion NOK ≈ $2.01 Billion USD

Based on the latest financial reports, Sparebank 1 Nord-Norge (NONG) has net assets worth Nkr19.14 Billion NOK (≈ $2.01 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr144.13 Billion ≈ $15.17 Billion USD) and total liabilities (Nkr124.99 Billion ≈ $13.15 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read NONG total debt and obligations for a breakdown of total debt and financial obligations.

Key Net Assets Metrics

Metric Value
Current Net Assets Nkr19.14 Billion
% of Total Assets 13.28%
Annual Growth Rate 9.53%
5-Year Change 26.89%
10-Year Change 91.37%
Growth Volatility 6.03

Sparebank 1 Nord-Norge - Net Assets Trend (2000–2024)

This chart illustrates how Sparebank 1 Nord-Norge's net assets have evolved over time, based on quarterly financial data. Also explore Sparebank 1 Nord-Norge (NONG) total assets for the complete picture of this company's asset base.

Annual Net Assets for Sparebank 1 Nord-Norge (2000–2024)

The table below shows the annual net assets of Sparebank 1 Nord-Norge from 2000 to 2024. For live valuation and market cap data, see NONG stock market capitalisation.

Year Net Assets Change
2024-12-31 Nkr19.06 Billion
≈ $2.01 Billion		 +12.49%
2023-12-31 Nkr16.95 Billion
≈ $1.78 Billion		 +7.98%
2022-12-31 Nkr15.69 Billion
≈ $1.65 Billion		 -5.77%
2021-12-31 Nkr16.65 Billion
≈ $1.75 Billion		 +10.86%
2020-12-31 Nkr15.02 Billion
≈ $1.58 Billion		 +6.00%
2019-12-31 Nkr14.17 Billion
≈ $1.49 Billion		 +8.53%
2018-12-31 Nkr13.06 Billion
≈ $1.37 Billion		 +6.17%
2017-12-31 Nkr12.30 Billion
≈ $1.29 Billion		 +11.70%
2016-12-31 Nkr11.01 Billion
≈ $1.16 Billion		 +10.54%
2015-12-31 Nkr9.96 Billion
≈ $1.05 Billion		 +6.61%
2014-12-31 Nkr9.34 Billion
≈ $983.15 Million		 +9.89%
2013-12-31 Nkr8.50 Billion
≈ $894.66 Million		 +24.44%
2012-12-31 Nkr6.83 Billion
≈ $718.92 Million		 +6.40%
2011-12-31 Nkr6.42 Billion
≈ $675.67 Million		 +13.25%
2010-12-31 Nkr5.67 Billion
≈ $596.65 Million		 +9.88%
2009-12-31 Nkr5.16 Billion
≈ $542.98 Million		 +15.75%
2008-12-31 Nkr4.46 Billion
≈ $469.11 Million		 +8.63%
2007-12-31 Nkr4.10 Billion
≈ $431.86 Million		 +16.46%
2006-12-31 Nkr3.52 Billion
≈ $370.83 Million		 +19.58%
2005-12-31 Nkr2.95 Billion
≈ $310.11 Million		 +13.74%
2004-12-31 Nkr2.59 Billion
≈ $272.65 Million		 +9.83%
2003-12-31 Nkr2.36 Billion
≈ $248.23 Million		 +5.27%
2002-12-31 Nkr2.24 Billion
≈ $235.82 Million		 -0.13%
2001-12-31 Nkr2.24 Billion
≈ $236.13 Million		 +4.71%
2000-12-31 Nkr2.14 Billion
≈ $225.51 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Sparebank 1 Nord-Norge's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock Nkr1.81 Billion 9.48%
Other Components Nkr17.25 Billion 90.52%
Total Equity Nkr19.06 Billion 100.00%

Sparebank 1 Nord-Norge Competitors by Market Cap

The table below lists competitors of Sparebank 1 Nord-Norge ranked by their market capitalization.

Company Market Cap
Playa Hotels & Resorts BV
NASDAQ:PLYA
 $1.66 Billion
Ningbo Ocean Shipping Co. Ltd. A
SHG:601022
 $1.66 Billion
Rusta AB (publ)
ST:RUSTA
 $1.66 Billion
HAMB.H.U.L. UNSP.ADR/1/2
F:HHFB
 $1.66 Billion
Veritex Holdings Inc
NASDAQ:VBTX
 $1.66 Billion
Poly Medicure Limited
NSE:POLYMED
 $1.66 Billion
SLC Agrícola S.A
SA:SLCE3
 $1.66 Billion
Sobha Limited
NSE:SOBHA
 $1.66 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sparebank 1 Nord-Norge's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 16,945,000,000 to 19,062,000,000, a change of 2,117,000,000 (12.5%).
  • Net income of 3,630,000,000 contributed positively to equity growth.
  • Dividend payments of 1,933,000,000 reduced retained earnings.
  • Other factors increased equity by 420,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income Nkr3.63 Billion +19.04%
Dividends Paid Nkr1.93 Billion -10.14%
Other Changes Nkr420.00 Million +2.2%
Total Change Nkr- 12.49%

Book Value vs Market Value Analysis

This analysis compares Sparebank 1 Nord-Norge's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.83x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 6.45x to 0.83x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2005-12-31 Nkr24.32 Nkr156.94 x
2006-12-31 Nkr74.58 Nkr156.94 x
2007-12-31 Nkr81.72 Nkr156.94 x
2008-12-31 Nkr83.40 Nkr156.94 x
2009-12-31 Nkr96.60 Nkr156.94 x
2010-12-31 Nkr106.14 Nkr156.94 x
2011-12-31 Nkr86.72 Nkr156.94 x
2012-12-31 Nkr92.03 Nkr156.94 x
2013-12-31 Nkr84.45 Nkr156.94 x
2014-12-31 Nkr92.91 Nkr156.94 x
2015-12-31 Nkr99.22 Nkr156.94 x
2016-12-31 Nkr109.67 Nkr156.94 x
2017-12-31 Nkr122.50 Nkr156.94 x
2018-12-31 Nkr130.06 Nkr156.94 x
2019-12-31 Nkr141.16 Nkr156.94 x
2020-12-31 Nkr149.62 Nkr156.94 x
2021-12-31 Nkr206.04 Nkr156.94 x
2022-12-31 Nkr156.30 Nkr156.94 x
2023-12-31 Nkr168.78 Nkr156.94 x
2024-12-31 Nkr189.86 Nkr156.94 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sparebank 1 Nord-Norge utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 19.04%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 62.60%
  • • Asset Turnover: 0.04x
  • • Equity Multiplier: 7.12x
  • Recent ROE (19.04%) is above the historical average (13.44%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2005 18.83% 34.60% 0.03x 16.53x Nkr259.80 Million
2006 21.65% 46.15% 0.03x 15.62x Nkr410.10 Million
2007 17.17% 37.90% 0.03x 14.85x Nkr293.50 Million
2008 7.82% 23.77% 0.02x 14.71x Nkr-97.20 Million
2009 16.64% 39.74% 0.03x 12.46x Nkr342.30 Million
2010 14.40% 39.88% 0.03x 12.14x Nkr249.40 Million
2011 11.10% 43.18% 0.03x 9.32x Nkr70.30 Million
2012 8.74% 31.78% 0.02x 11.05x Nkr-86.00 Million
2013 11.39% 42.76% 0.03x 9.14x Nkr118.10 Million
2014 11.75% 43.13% 0.03x 8.92x Nkr163.20 Million
2015 8.75% 38.00% 0.03x 8.57x Nkr-124.10 Million
2016 11.38% 46.22% 0.03x 8.22x Nkr151.90 Million
2017 11.71% 50.00% 0.03x 7.90x Nkr210.10 Million
2018 11.81% 50.69% 0.03x 8.13x Nkr236.20 Million
2019 14.55% 62.31% 0.03x 7.87x Nkr644.80 Million
2020 11.60% 49.69% 0.03x 7.81x Nkr239.80 Million
2021 13.95% 60.79% 0.03x 7.24x Nkr649.40 Million
2022 11.62% 47.25% 0.03x 7.79x Nkr254.80 Million
2023 14.88% 47.85% 0.04x 7.56x Nkr826.50 Million
2024 19.04% 62.60% 0.04x 7.12x Nkr1.72 Billion

Industry Comparison

This section compares Sparebank 1 Nord-Norge's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

  • Industry: Banks - Regional
  • Average net assets among peers: $10,865,831,216
  • Average return on equity (ROE) among peers: 6.94%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Sparebank 1 Nord-Norge (NONG) Nkr19.14 Billion 18.83% 6.53x $1.66 Billion
Aasen Sparebank (AASB) $685.42 Million 7.24% 7.19x $24.75 Million
Aurskog Sparebank (AURG) $330.39 Million 10.56% 15.15x $123.04 Million
Bien Sparebank ASA (BIEN) $652.26 Million 6.45% 6.60x $93.84 Million
DnB ASA (DNB) $101.40 Billion 8.47% 16.98x $42.91 Billion
Grong Sparebank (GRONG) $1.36 Billion 8.18% 7.05x $83.18 Million
Helgeland Sparebank (HELG) $1.49 Billion 8.61% 10.17x $471.00 Million
Holand og Setskog Sparebank (HSPG) $232.48 Million 7.59% 13.83x $11.58 Million
Instabank ASA (INSTA) $236.86 Million -7.35% 1.22x $200.27 Million
Jaeren Sparebank (JAREN) $1.77 Billion 6.84% 6.94x $181.14 Million
Kraft Bank Asa (KRAB) $506.89 Million 12.83% 7.71x $58.73 Million

About Sparebank 1 Nord-Norge

OL:NONG Norway Banks - Regional
Market Cap
$1.66 Billion
Nkr15.76 Billion NOK
Market Cap Rank
#6964 Global
#53 in Norway
Share Price
Nkr156.94
Change (1 day)
-0.17%
52-Week Range
Nkr134.60 - Nkr162.52
All Time High
Nkr162.52
Categories
Companies in Norway Banks - Regional Banking & Financial
About

SpareBank 1 Nord-Norge provides banking services in Northern Norway. The company operates through Retail Market and Corporate Market segments. It offers savings and pension accounts; deposits; bank guarantees; letters of credit; and foreign currency accounts, as well as debit and credit card services. The company provides mortgage, car, consumer, boat, caravans, vehicle, and green loans; and othe… Read more