SpareBank 1 SMN
SpareBank 1 SMN, together with its subsidiaries, provides various banking, accounting, and real estate products and services to private individuals and companies in Norway and internationally. The company offers checking, current, buffer, savings, deposit, business, tax withholding, investment, and group accounts; green and fixed rate deposits; mortgage, car, consumer, green, vehicle, home, const… Read more
SpareBank 1 SMN (SRMGF) - Net Assets
Latest net assets as of December 2025: $31.86 Billion USD
Based on the latest financial reports, SpareBank 1 SMN (SRMGF) has net assets worth $31.86 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 ($242.91 Billion) and total liabilities ($211.05 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 | $31.86 Billion |
| % of Total Assets | 13.12% |
| Annual Growth Rate | 12.85% |
| 5-Year Change | 37.11% |
| 10-Year Change | 96.07% |
| Growth Volatility | 9.19 |
SpareBank 1 SMN - Net Assets Trend (2004–2025)
This chart illustrates how SpareBank 1 SMN'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 SMN (2004–2025)
The table below shows the annual net assets of SpareBank 1 SMN from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $31.86 Billion | +4.39% |
| 2024-12-31 | $30.52 Billion | +6.75% |
| 2023-12-31 | $28.59 Billion | +15.27% |
| 2022-12-31 | $24.81 Billion | +6.74% |
| 2021-12-31 | $23.24 Billion | +9.07% |
| 2020-12-31 | $21.31 Billion | +4.35% |
| 2019-12-31 | $20.42 Billion | +9.29% |
| 2018-12-31 | $18.68 Billion | +6.70% |
| 2017-12-31 | $17.51 Billion | +7.75% |
| 2016-12-31 | $16.25 Billion | +16.90% |
| 2015-12-31 | $13.90 Billion | +11.00% |
| 2014-12-31 | $12.53 Billion | +11.41% |
| 2013-12-31 | $11.24 Billion | +11.49% |
| 2012-12-31 | $10.08 Billion | +21.97% |
| 2011-12-31 | $8.27 Billion | +5.37% |
| 2010-12-31 | $7.85 Billion | +26.86% |
| 2009-12-31 | $6.18 Billion | +12.07% |
| 2008-12-31 | $5.52 Billion | +13.58% |
| 2007-12-31 | $4.86 Billion | +16.16% |
| 2006-12-31 | $4.18 Billion | +13.98% |
| 2005-12-31 | $3.67 Billion | +45.87% |
| 2004-12-31 | $2.52 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SpareBank 1 SMN'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 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.88 Billion | 9.25% |
| Other Components | $28.28 Billion | 90.75% |
| Total Equity | $31.16 Billion | 100.00% |
SpareBank 1 SMN Competitors by Market Cap
The table below lists competitors of SpareBank 1 SMN ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Challenger Limited
PINK:CFIGF
|
$1.66 Billion |
|
Redington Limited
NSE:REDINGTON
|
$1.66 Billion |
|
Equitable Group Inc
PINK:EQGPF
|
$1.66 Billion |
|
PT Alamtri Resources Indonesia Tbk
JK:ADRO
|
$1.66 Billion |
|
Micronics Japan Co., Ltd.
PINK:MJPNF
|
$1.66 Billion |
|
Wesdome Gold Mines Ltd
OTCQX:WDOFF
|
$1.66 Billion |
|
City Holding Company
NASDAQ:CHCO
|
$1.66 Billion |
|
Investment AB Latour (publ)
OTCGREY:IVTBF
|
$1.66 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SpareBank 1 SMN's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 29,703,000,000 to 31,165,000,000, a change of 1,462,000,000 (4.9%).
- Net income of 4,279,000,000 contributed positively to equity growth.
- Dividend payments of 1,803,000,000 reduced retained earnings.
- New share issuances of 1,000,000 increased equity.
- Other comprehensive income decreased equity by 6,889,000,000.
- Other factors increased equity by 5,874,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.28 Billion | +13.73% |
| Dividends Paid | $1.80 Billion | -5.79% |
| Share Issuances | $1.00 Million | +0.0% |
| Other Comprehensive Income | $-6.89 Billion | -22.1% |
| Other Changes | $5.87 Billion | +18.85% |
| Total Change | $- | 4.92% |
Book Value vs Market Value Analysis
This analysis compares SpareBank 1 SMN'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: 0.06x
- 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 0.60x to 0.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $20.81 | $12.43 | x |
| 2005-12-31 | $26.63 | $12.43 | x |
| 2006-12-31 | $50.69 | $12.43 | x |
| 2007-12-31 | $55.04 | $12.43 | x |
| 2008-12-31 | $58.08 | $12.43 | x |
| 2009-12-31 | $41.71 | $12.43 | x |
| 2010-12-31 | $74.81 | $12.43 | x |
| 2011-12-31 | $78.49 | $12.43 | x |
| 2012-12-31 | $77.15 | $12.43 | x |
| 2013-12-31 | $86.07 | $12.43 | x |
| 2014-12-31 | $95.92 | $12.43 | x |
| 2015-12-31 | $104.64 | $12.43 | x |
| 2016-12-31 | $122.18 | $12.43 | x |
| 2017-12-31 | $130.87 | $12.43 | x |
| 2018-12-31 | $139.46 | $12.43 | x |
| 2019-12-31 | $151.81 | $12.43 | x |
| 2020-12-31 | $158.25 | $12.43 | x |
| 2021-12-31 | $172.04 | $12.43 | x |
| 2022-12-31 | $184.12 | $12.43 | x |
| 2023-12-31 | $202.23 | $12.43 | x |
| 2024-12-31 | $206.00 | $12.43 | x |
| 2025-12-31 | $216.14 | $12.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SpareBank 1 SMN 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): 13.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.21%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 7.79x
- Recent ROE (13.73%) 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 |
|---|---|---|---|---|---|
| 2004 | 18.08% | 21.73% | 0.05x | 15.30x | $203.40 Million |
| 2005 | 19.58% | 27.34% | 0.05x | 14.84x | $350.90 Million |
| 2006 | 21.49% | 28.02% | 0.05x | 15.13x | $479.50 Million |
| 2007 | 17.39% | 19.82% | 0.06x | 14.75x | $358.30 Million |
| 2008 | 11.23% | 11.73% | 0.06x | 15.44x | $67.70 Million |
| 2009 | 15.16% | 20.86% | 0.05x | 13.76x | $316.70 Million |
| 2010 | 13.12% | 23.06% | 0.05x | 12.65x | $242.10 Million |
| 2011 | 12.49% | 20.34% | 0.05x | 12.47x | $202.80 Million |
| 2012 | 10.66% | 20.26% | 0.05x | 10.78x | $66.40 Million |
| 2013 | 12.44% | 24.25% | 0.05x | 10.32x | $272.50 Million |
| 2014 | 14.23% | 29.69% | 0.05x | 10.12x | $526.70 Million |
| 2015 | 10.38% | 25.24% | 0.04x | 9.71x | $51.50 Million |
| 2016 | 10.36% | 28.31% | 0.04x | 8.72x | $57.30 Million |
| 2017 | 10.60% | 29.20% | 0.04x | 9.04x | $101.40 Million |
| 2018 | 11.39% | 31.26% | 0.04x | 8.90x | $251.20 Million |
| 2019 | 12.75% | 34.63% | 0.04x | 8.48x | $541.10 Million |
| 2020 | 9.05% | 26.52% | 0.04x | 9.18x | $-195.10 Million |
| 2021 | 12.32% | 44.31% | 0.03x | 8.94x | $516.80 Million |
| 2022 | 11.15% | 32.00% | 0.04x | 9.37x | $274.00 Million |
| 2023 | 12.94% | 26.09% | 0.06x | 8.33x | $821.10 Million |
| 2024 | 15.10% | 27.93% | 0.06x | 8.34x | $1.51 Billion |
| 2025 | 13.73% | 26.21% | 0.07x | 7.79x | $1.16 Billion |
Industry Comparison
This section compares SpareBank 1 SMN'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 SMN (SRMGF) | $31.86 Billion | 18.08% | 6.62x | $1.66 Billion |
| 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 |