SpareBank 1 Sør-Norge ASA (SB1NO) - Net Assets
Based on the latest financial reports, SpareBank 1 Sør-Norge ASA (SB1NO) has net assets worth Nkr55.50 Billion NOK (≈ $5.84 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr513.05 Billion ≈ $53.99 Billion USD) and total liabilities (Nkr457.56 Billion ≈ $48.15 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 debt load of SpareBank 1 Sør-Norge ASA for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr55.50 Billion |
| % of Total Assets | 10.82% |
| Annual Growth Rate | 14.02% |
| 5-Year Change | 104.18% |
| 10-Year Change | 203.46% |
| Growth Volatility | 13.52 |
SpareBank 1 Sør-Norge ASA - Net Assets Trend (2008–2025)
This chart illustrates how SpareBank 1 Sør-Norge ASA's net assets have evolved over time, based on quarterly financial data. Also explore SpareBank 1 Sør-Norge ASA assets under control for the complete picture of this company's asset base.
Annual Net Assets for SpareBank 1 Sør-Norge ASA (2008–2025)
The table below shows the annual net assets of SpareBank 1 Sør-Norge ASA from 2008 to 2025. For live valuation and market cap data, see market cap of SpareBank 1 Sør-Norge ASA.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr55.50 Billion ≈ $5.84 Billion |
+5.43% |
| 2024-12-31 | Nkr52.64 Billion ≈ $5.54 Billion |
+56.84% |
| 2023-12-31 | Nkr33.56 Billion ≈ $3.53 Billion |
+16.98% |
| 2022-12-31 | Nkr28.69 Billion ≈ $3.02 Billion |
+5.55% |
| 2021-12-31 | Nkr27.18 Billion ≈ $2.86 Billion |
+2.98% |
| 2020-12-31 | Nkr26.39 Billion ≈ $2.78 Billion |
+6.28% |
| 2019-12-31 | Nkr24.83 Billion ≈ $2.61 Billion |
+15.05% |
| 2018-12-31 | Nkr21.59 Billion ≈ $2.27 Billion |
+8.53% |
| 2017-12-31 | Nkr19.89 Billion ≈ $2.09 Billion |
+8.75% |
| 2016-12-31 | Nkr18.29 Billion ≈ $1.92 Billion |
+8.12% |
| 2015-12-31 | Nkr16.91 Billion ≈ $1.78 Billion |
+9.81% |
| 2014-12-31 | Nkr15.40 Billion ≈ $1.62 Billion |
+9.58% |
| 2013-12-31 | Nkr14.06 Billion ≈ $1.48 Billion |
+11.23% |
| 2012-12-31 | Nkr12.64 Billion ≈ $1.33 Billion |
+29.52% |
| 2011-12-31 | Nkr9.76 Billion ≈ $1.03 Billion |
+3.78% |
| 2010-12-31 | Nkr9.40 Billion ≈ $989.36 Million |
+16.46% |
| 2009-12-31 | Nkr8.07 Billion ≈ $849.51 Million |
+35.32% |
| 2008-12-31 | Nkr5.97 Billion ≈ $627.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to SpareBank 1 Sør-Norge ASA'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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr9.39 Billion | 16.91% |
| Other Components | Nkr46.11 Billion | 83.09% |
| Total Equity | Nkr55.50 Billion | 100.00% |
SpareBank 1 Sør-Norge ASA Competitors by Market Cap
The table below lists competitors of SpareBank 1 Sør-Norge ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Petrindo Jaya Kreasi Tbk
JK:CUAN
|
$7.90 Billion |
|
Engie Brasil Energia S.A.
SA:EGIE3
|
$7.91 Billion |
|
Xp Inc
NASDAQ:XP
|
$7.92 Billion |
|
NIBE Industrier AB (publ)
ST:NIBE-B
|
$7.93 Billion |
|
Sibanye Stillwater Limited
F:47VS
|
$7.90 Billion |
|
Eastman Chemical Company
NYSE:EMN
|
$7.90 Billion |
|
Frontline Ltd
OL:FRO
|
$7.89 Billion |
|
XP Inc
F:XP9
|
$7.89 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SpareBank 1 Sør-Norge ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 52,637,000,000 to 55,496,000,000, a change of 2,859,000,000 (5.4%).
- Net income of 6,694,000,000 contributed positively to equity growth.
- Dividend payments of 3,191,000,000 reduced retained earnings.
- Share repurchases of 110,000,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr6.69 Billion | +12.06% |
| Dividends Paid | Nkr3.19 Billion | -5.75% |
| Share Repurchases | Nkr110.00 Million | -0.2% |
| Other Changes | Nkr-534.00 Million | -0.96% |
| Total Change | Nkr- | 5.43% |
Book Value vs Market Value Analysis
This analysis compares SpareBank 1 Sør-Norge ASA'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: 1.35x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.21x to 1.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | Nkr90.42 | Nkr200.00 | x |
| 2009-12-31 | Nkr241.01 | Nkr200.00 | x |
| 2010-12-31 | Nkr859.08 | Nkr200.00 | x |
| 2011-12-31 | Nkr891.47 | Nkr200.00 | x |
| 2012-12-31 | Nkr1154.61 | Nkr200.00 | x |
| 2013-12-31 | Nkr1284.26 | Nkr200.00 | x |
| 2014-12-31 | Nkr1407.33 | Nkr200.00 | x |
| 2015-12-31 | Nkr789.45 | Nkr200.00 | x |
| 2016-12-31 | Nkr853.58 | Nkr200.00 | x |
| 2017-12-31 | Nkr315.19 | Nkr200.00 | x |
| 2018-12-31 | Nkr342.07 | Nkr200.00 | x |
| 2019-12-31 | Nkr393.56 | Nkr200.00 | x |
| 2020-12-31 | Nkr418.18 | Nkr200.00 | x |
| 2021-12-31 | Nkr106.29 | Nkr200.00 | x |
| 2022-12-31 | Nkr110.34 | Nkr200.00 | x |
| 2023-12-31 | Nkr126.98 | Nkr200.00 | x |
| 2024-12-31 | Nkr140.22 | Nkr200.00 | x |
| 2025-12-31 | Nkr148.03 | Nkr200.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SpareBank 1 Sør-Norge ASA 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): 12.06%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 51.31%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 9.24x
- Recent ROE (12.06%) is above the historical average (11.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 8.05% | 6.01% | 0.06x | 21.10x | Nkr-116.60 Million |
| 2009 | 13.76% | 17.33% | 0.05x | 15.47x | Nkr303.70 Million |
| 2010 | 14.01% | 21.19% | 0.05x | 14.34x | Nkr376.80 Million |
| 2011 | 11.08% | 16.41% | 0.05x | 13.44x | Nkr105.30 Million |
| 2012 | 10.77% | 19.23% | 0.05x | 11.20x | Nkr97.30 Million |
| 2013 | 13.23% | 24.26% | 0.05x | 11.17x | Nkr454.40 Million |
| 2014 | 13.60% | 26.39% | 0.05x | 11.36x | Nkr554.70 Million |
| 2015 | 10.32% | 24.37% | 0.04x | 11.35x | Nkr54.60 Million |
| 2016 | 9.60% | 24.12% | 0.04x | 10.58x | Nkr-73.80 Million |
| 2017 | 10.49% | 27.89% | 0.03x | 10.89x | Nkr97.10 Million |
| 2018 | 10.64% | 29.01% | 0.03x | 10.84x | Nkr137.50 Million |
| 2019 | 12.58% | 33.20% | 0.04x | 10.30x | Nkr640.60 Million |
| 2020 | 6.03% | 18.97% | 0.03x | 10.88x | Nkr-1.05 Billion |
| 2021 | 11.61% | 40.50% | 0.03x | 11.20x | Nkr438.00 Million |
| 2022 | 11.77% | 29.73% | 0.03x | 12.05x | Nkr509.20 Million |
| 2023 | 13.33% | 21.48% | 0.06x | 10.79x | Nkr1.12 Billion |
| 2024 | 9.86% | 20.05% | 0.05x | 9.11x | Nkr-71.70 Million |
| 2025 | 12.06% | 51.31% | 0.03x | 9.24x | Nkr1.14 Billion |
Industry Comparison
This section compares SpareBank 1 Sør-Norge ASA'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 Sør-Norge ASA (SB1NO) | Nkr55.50 Billion | 8.05% | 8.24x | $7.90 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 Sør-Norge ASA
SpareBank 1 Sør-Norge ASA, together with its subsidiaries, provides various financial products and services for personal and corporate customers in Norway. The company operates through Retail Market, Corporate Market, SME & Agriculture, and Other Activities segments. It offers savings, loans, insurance, and pension products. The company also provides account and payment, international cash manage… Read more