SpareBank 1 Nord-Norge
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
SpareBank 1 Nord-Norge (SPXXF) - Net Assets
Latest net assets as of September 2025: $1.86 Billion USD
Based on the latest financial reports, SpareBank 1 Nord-Norge (SPXXF) has net assets worth $1.86 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.38 Billion) and total liabilities ($12.51 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 | $1.86 Billion |
| % of Total Assets | 12.96% |
| Annual Growth Rate | -18.55% |
| 5-Year Change | -5.55% |
| 10-Year Change | N/A |
| Growth Volatility | 29.96 |
SpareBank 1 Nord-Norge - Net Assets Trend (2015–2024)
This chart illustrates how SpareBank 1 Nord-Norge's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SpareBank 1 Nord-Norge (2015–2024)
The table below shows the annual net assets of SpareBank 1 Nord-Norge from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.57 Billion | -1.66% |
| 2023-12-31 | $1.60 Billion | +2.26% |
| 2022-12-31 | $1.56 Billion | -13.10% |
| 2021-12-31 | $1.80 Billion | +8.08% |
| 2020-12-31 | $1.66 Billion | +9.15% |
| 2019-12-31 | $1.52 Billion | -88.33% |
| 2018-12-31 | $13.06 Billion | +6.17% |
| 2017-12-31 | $12.30 Billion | +11.70% |
| 2016-12-31 | $11.01 Billion | +10.54% |
| 2015-12-31 | $9.96 Billion | -- |
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 75.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.31 Billion | 84.95% |
| Common Stock | $158.69 Million | 10.26% |
| Other Comprehensive Income | $1.44 Billion | 93.21% |
| Total Equity | $1.55 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 |
|---|---|
|
Smart Parking Ltd
AU:SPZ
|
$129.22 Million |
|
Technocraft Industries (India) Limited
NSE:TIIL
|
$129.29 Million |
|
Digital Imaging Technology INC
KQ:110990
|
$129.31 Million |
|
Cape Industries Ltd
KQ:064820
|
$129.32 Million |
|
Zhejiang Yaguang Technology Co. Ltd. A
SHG:603282
|
$129.12 Million |
|
Responsive Industries Limited
NSE:RESPONIND
|
$129.11 Million |
|
Shandong Teamgene Technology Co. Ltd. A
SHG:603151
|
$129.09 Million |
|
Selvita S.A.
WAR:SLV
|
$129.09 Million |
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 1,540,856,624 to 1,546,685,840, a change of 5,829,216 (0.4%).
- Net income of 147,789,467 contributed positively to equity growth.
- Dividend payments of 169,756,060 reduced retained earnings.
- Other comprehensive income increased equity by 34,555,926.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $147.79 Million | +9.56% |
| Dividends Paid | $169.76 Million | -10.98% |
| Other Comprehensive Income | $34.56 Million | +2.23% |
| Other Changes | $-6.76 Million | -0.44% |
| Total Change | $- | 0.38% |
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: 0.04x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $133.39 | $7.78 | x |
| 2020-12-31 | $141.86 | $7.78 | x |
| 2021-12-31 | $156.14 | $7.78 | x |
| 2022-12-31 | $150.32 | $7.78 | x |
| 2023-12-31 | $156.33 | $7.78 | x |
| 2024-12-31 | $175.42 | $7.78 | 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): 9.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.28%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 7.70x
- Recent ROE (9.56%) is above the historical average (8.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 8.75% | 34.96% | 0.03x | 8.57x | $-124.10 Million |
| 2016 | 11.38% | 43.75% | 0.03x | 8.22x | $151.90 Million |
| 2017 | 11.71% | 46.01% | 0.03x | 7.90x | $210.10 Million |
| 2018 | 11.81% | 45.43% | 0.03x | 8.13x | $236.20 Million |
| 2019 | 7.04% | 20.24% | 0.04x | 8.33x | $-45.09 Million |
| 2020 | 5.56% | 21.28% | 0.03x | 8.24x | $-73.84 Million |
| 2021 | 6.75% | 24.58% | 0.04x | 7.60x | $-57.67 Million |
| 2022 | 5.60% | 21.11% | 0.03x | 8.10x | $-67.65 Million |
| 2023 | 7.45% | 22.50% | 0.04x | 8.19x | $-39.35 Million |
| 2024 | 9.56% | 17.28% | 0.07x | 7.70x | $-6.88 Million |
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: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SpareBank 1 Nord-Norge (SPXXF) | $1.86 Billion | 8.75% | 6.72x | $129.21 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |