Trøndelag Sparebank
Trøndelag Sparebank, a savings bank, provides banking products and services to private and corporate customers in Norway. It offers savings and retirement accounts; car, motorcycles, motorhomes, boats, ATVs, and consumer loans, as well as refinancing; and mobile banking, online banking, and insurance products. The company also provides business banking products and services, including bank guaran… Read more
Trøndelag Sparebank (TRSB) - Net Assets
Latest net assets as of June 2025: Nkr1.14 Billion NOK
Based on the latest financial reports, Trøndelag Sparebank (TRSB) has net assets worth Nkr1.14 Billion NOK as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr9.89 Billion) and total liabilities (Nkr8.75 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr1.14 Billion |
| % of Total Assets | 11.52% |
| Annual Growth Rate | 26.68% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 21.46 |
Trøndelag Sparebank - Net Assets Trend (2020–2024)
This chart illustrates how Trøndelag Sparebank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Trøndelag Sparebank (2020–2024)
The table below shows the annual net assets of Trøndelag Sparebank from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.11 Billion | +16.07% |
| 2023-12-31 | Nkr958.31 Million | +63.93% |
| 2022-12-31 | Nkr584.58 Million | +25.41% |
| 2021-12-31 | Nkr466.12 Million | +7.92% |
| 2020-12-31 | Nkr431.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trøndelag Sparebank'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 | Nkr430.35 Million | 38.76% |
| Other Components | Nkr679.89 Million | 61.24% |
| Total Equity | Nkr1.11 Billion | 100.00% |
Trøndelag Sparebank Competitors by Market Cap
The table below lists competitors of Trøndelag Sparebank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DingZing Advanced Materials Inc.
TW:6585
|
$47.06 Million |
|
Taekyung BK Co Ltd
KO:014580
|
$47.08 Million |
|
CVC Technologies
TWO:4744
|
$47.09 Million |
|
Nano One Materials Corp
PINK:NNOMF
|
$47.11 Million |
|
Aneka Gas Industri Tbk PT
JK:AGII
|
$47.02 Million |
|
SAMSE S.A.
LSE:0GLY
|
$46.99 Million |
|
Indointernet Tbk PT
JK:EDGE
|
$46.99 Million |
|
Ray Sigorta AS
IS:RAYSG
|
$46.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trøndelag Sparebank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 957,443,000 to 1,110,245,000, a change of 152,802,000 (16.0%).
- Net income of 67,417,000 contributed positively to equity growth.
- Dividend payments of 15,619,000 reduced retained earnings.
- New share issuances of 85,220,000 increased equity.
- Other factors increased equity by 15,784,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr67.42 Million | +6.07% |
| Dividends Paid | Nkr15.62 Million | -1.41% |
| Share Issuances | Nkr85.22 Million | +7.68% |
| Other Changes | Nkr15.78 Million | +1.42% |
| Total Change | Nkr- | 15.96% |
Book Value vs Market Value Analysis
This analysis compares Trøndelag Sparebank'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: 0.40x
- 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 1.26x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | Nkr90.67 | Nkr114.00 | x |
| 2021-12-31 | Nkr97.85 | Nkr114.00 | x |
| 2022-12-31 | Nkr122.66 | Nkr114.00 | x |
| 2023-12-31 | Nkr200.99 | Nkr114.00 | x |
| 2024-12-31 | Nkr287.54 | Nkr114.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trøndelag Sparebank 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): 6.07%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.35%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 8.44x
- Recent ROE (6.07%) is below the historical average (6.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 6.47% | 20.04% | 0.03x | 9.26x | Nkr-15.23 Million |
| 2021 | 8.17% | 26.18% | 0.04x | 8.86x | Nkr-8.54 Million |
| 2022 | 6.06% | 18.44% | 0.04x | 8.23x | Nkr-23.04 Million |
| 2023 | 7.39% | 14.30% | 0.06x | 8.87x | Nkr-24.95 Million |
| 2024 | 6.07% | 10.35% | 0.07x | 8.44x | Nkr-43.61 Million |
Industry Comparison
This section compares Trøndelag Sparebank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $1,308,028,100
- Average return on equity (ROE) among peers: 8.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trøndelag Sparebank (TRSB) | Nkr1.14 Billion | 6.47% | 7.68x | $47.05 Million |
| Aasen Sparebank (AASB) | $827.45 Million | 9.55% | 7.18x | $16.20 Million |
| Aurskog Sparebank (AURG) | $330.39 Million | 10.56% | 15.15x | $106.30 Million |
| Bien Sparebank ASA (BIEN) | $694.19 Million | 8.04% | 6.36x | $71.28 Million |
| Flekkefjord Sparebank (FFSB) | $704.85 Million | 8.01% | 7.79x | $11.92 Million |
| Grong Sparebank (GRONG) | $921.66 Million | 9.32% | 7.58x | $55.44 Million |
| Helgeland Sparebank (HELG) | $5.22 Billion | 10.93% | 6.46x | $400.97 Million |
| Haugesund Sparebank (HGSB) | $1.55 Billion | 7.63% | 6.85x | $63.52 Million |
| Holand og Setskog Sparebank (HSPG) | $160.35 Million | 0.00% | 8.28x | $8.64 Million |
| Instabank ASA (INSTA) | $786.27 Million | 10.46% | 6.38x | $40.58 Million |
| Jaeren Sparebank (JAREN) | $1.89 Billion | 8.15% | 6.69x | $35.81 Million |