By Helgi Library - July 3, 2019
Norwegian Finans Holding stock traded at NOK 70.5 per share at the end first quarter of 2019 implying a market capitalization of USD 1,534 mi...
By Helgi Library - July 3, 2019
Norwegian Finans Holding made a net profit of NOK 483 mil under revenues of NOK 1,251 mil in the first quarter of 2019, up 17.7% and ...
By Helgi Library - July 3, 2019
Norwegian Finans Holding's net interest margin amounted to 9.16% in the first quarter of 2019, down from 9.37% when compared to ...
| Profit Statement | Sep 2018 | Dec 2018 | Mar 2019 | |
| Net Interest Income | NOK mil | 1,121 | 1,174 | 1,160 |
| Net Fee Income | NOK mil | 57.9 | 48.4 | 91.9 |
| Other Income | NOK mil | 11.2 | -5.94 | -0.784 |
| Total Revenues | NOK mil | 1,190 | 1,216 | 1,251 |
| Staff Cost | NOK mil | 23.5 | 25.4 | 25.8 |
| Operating Profit | NOK mil | 878 | 903 | 914 |
| Provisions | NOK mil | 299 | 285 | 269 |
| Net Profit | NOK mil | 434 | 469 | 483 |
| Balance Sheet | Sep 2018 | Dec 2018 | Mar 2019 | |
| Interbank Loans | NOK mil | 1,838 | 1,702 | 2,335 |
| Customer Loans | NOK mil | 36,751 | 37,798 | 37,902 |
| Total Assets | NOK mil | 49,790 | 50,436 | 50,944 |
| Shareholders' Equity | NOK mil | 7,082 | 7,544 | 8,020 |
| Interbank Borrowing | NOK mil | 32.3 | 0 | 56.0 |
| Customer Deposits | NOK mil | 39,359 | 39,092 | 37,654 |
| Issued Debt Securities | NOK mil | 2,287 | 2,855 | 4,156 |
| Ratios | Sep 2018 | Dec 2018 | Mar 2019 | |
| ROE | % | 25.3 | 25.7 | 24.8 |
| ROA | % | 3.57 | 3.74 | 3.81 |
| Costs (As % Of Assets) | % | 2.57 | 2.50 | 2.67 |
| Costs (As % Of Income) | % | 26.2 | 25.7 | 27.0 |
| Net Interest Margin | % | 9.22 | 9.37 | 9.16 |
| Loans (As % Of Deposits) | % | 93.4 | 96.7 | 101 |
| NPLs (As % Of Loans) | % | ... | 9.97 | 11.6 |
| Provisions (As % Of NPLs) | % | ... | 42.6 | 41.1 |
| Valuation | Sep 2018 | Dec 2018 | Mar 2019 | |
| Price/Earnings (P/E) | 10.1 | 7.35 | 7.04 | |
| Price/Book Value (P/BV) | 2.55 | 1.75 | 1.64 | |
| Dividend Yield | % | 0 | 0 | 0 |
| Earnings Per Share (EPS) | NOK | 9.53 | 9.62 | 10.0 |
| Book Value Per Share | NOK | 37.9 | 40.4 | 42.9 |
| Dividend Per Share | NOK | 0 | 0 | 0 |
Get all company financials in excel:
| summary | Unit | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 |
| income statement | |||||||||||
| Net Interest Income | NOK mil | 938 | 1,015 | 1,024 | 1,087 | 1,121 | |||||
| Total Revenues | NOK mil | 988 | 1,069 | 1,065 | 1,181 | 1,190 | |||||
| Operating Profit | NOK mil | 718 | 779 | 756 | 878 | 878 | |||||
| Net Profit | NOK mil | 243 | 440 | 411 | 483 | 434 | |||||
| balance sheet | |||||||||||
| Interbank Loans | NOK mil | 1,769 | 1,261 | 1,839 | 2,323 | 1,838 | |||||
| Customer Loans | NOK mil | 30,135 | 32,452 | 33,843 | 35,464 | 36,751 | |||||
| Debt Securities | NOK mil | 8,365 | 8,860 | 9,292 | 9,390 | 10,813 | |||||
| Total Assets | NOK mil | 40,614 | 43,000 | 45,372 | 47,551 | 49,790 | |||||
| Shareholders' Equity | NOK mil | 5,278 | 5,714 | 6,174 | 6,655 | 7,082 | |||||
| Interbank Borrowing | NOK mil | 0 | 0 | 99.2 | 85.5 | 32.3 | |||||
| Customer Deposits | NOK mil | 31,988 | 33,682 | 35,789 | 37,706 | 39,359 | |||||
| Issued Debt Securities | NOK mil | 2,515 | 2,717 | 2,409 | 2,283 | 2,287 | |||||
| ratios | |||||||||||
| ROE | % | 19.2 | 32.0 | 27.6 | 30.1 | 25.3 | |||||
| ROA | % | 2.46 | 4.21 | 3.72 | 4.16 | 3.57 | |||||
| Costs (As % Of Assets) | % | 2.72 | 2.77 | 2.79 | 2.61 | 2.57 | |||||
| Costs (As % Of Income) | % | 27.3 | 27.1 | 29.0 | 25.6 | 26.2 | |||||
| Net Interest Margin | % | 9.46 | 9.71 | 9.27 | 9.36 | 9.22 | |||||
| Interest Income (As % Of Revenues) | % | 95.0 | 94.9 | 96.2 | 92.0 | 94.2 | |||||
| Fee Income (As % Of Revenues) | % | 4.98 | 5.37 | 5.06 | 6.18 | 4.86 | |||||
| Staff Cost (As % Of Total Cost) | % | 6.94 | 7.08 | 6.97 | 5.74 | 7.51 | |||||
| Equity (As % Of Assets) | % | 13.0 | 13.3 | 13.6 | 14.0 | 14.2 | |||||
| Loans (As % Of Deposits) | % | 94.2 | 96.3 | 94.6 | 94.1 | 93.4 | |||||
| Loans (As % Assets) | % | 74.2 | 75.5 | 74.6 | 74.6 | 73.8 | |||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | ||
| valuation | |||||||||||
| Market Capitalisation (End Of Period) | USD mil | 2,028 | 2,001 | 1,873 | 1,947 | 2,088 | |||||
| Number Of Shares (Average) | mil | 181 | 182 | 183 | 184 | 185 | |||||
| Share Price (End Of Period) | NOK | 96.0 | 94.5 | 87.9 | 90.7 | 96.6 | |||||
| Earnings Per Share (EPS) | NOK | 6.94 | 7.75 | 8.16 | 8.56 | 9.53 | |||||
| Book Value Per Share | NOK | 28.5 | 30.6 | 33.1 | 35.6 | 37.9 | |||||
| Dividend Per Share | NOK | 0 | 0 | 0 | 0 | 0 | |||||
| Price/Earnings (P/E) | 13.8 | 12.2 | 10.8 | 10.6 | 10.1 | ||||||
| Price/Book Value (P/BV) | 3.37 | 3.09 | 2.66 | 2.54 | 2.55 | ||||||
| Dividend Yield | % | 0 | 0 | 0 | 0 | 0 | |||||
| Earnings Per Share Growth | % | ... | ... | ... | ... | 20.3 | 19.6 | 14.4 | 37.3 | ||
| Book Value Per Share Growth | % | ... | ... | ... | ... | 65.3 | 44.8 | 34.7 | 33.0 |
| income statement | Unit | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 |
| income statement | |||||||||||
| Interest Income | NOK mil | 1,070 | 1,152 | 1,167 | 1,242 | 1,285 | |||||
| Interest Cost | NOK mil | 132 | 138 | 143 | 155 | 164 | |||||
| Net Interest Income | NOK mil | 938 | 1,015 | 1,024 | 1,087 | 1,121 | |||||
| Net Fee Income | NOK mil | 49.2 | 57.4 | 53.8 | 73.0 | 57.9 | |||||
| Other Income | NOK mil | 0.685 | -3.36 | -13.5 | 21.1 | 11.2 | |||||
| Total Revenues | NOK mil | 988 | 1,069 | 1,065 | 1,181 | 1,190 | |||||
| Staff Cost | NOK mil | 18.7 | 20.5 | 21.5 | 17.4 | 23.5 | |||||
| Depreciation | NOK mil | 10.4 | 11.8 | 14.6 | 15.0 | 14.8 | |||||
| Other Cost | NOK mil | 241 | 257 | 272 | 270 | 274 | |||||
| Operating Cost | NOK mil | 270 | 290 | 308 | 303 | 312 | |||||
| Operating Profit | NOK mil | 718 | 779 | 756 | 878 | 878 | |||||
| Provisions | NOK mil | 141 | 199 | 209 | 235 | 299 | |||||
| Extra and Other Cost | NOK mil | 0 | -0.001 | 0 | 0 | 0 | |||||
| Pre-Tax Profit | NOK mil | 577 | 580 | 547 | 644 | 579 | |||||
| Tax | NOK mil | 144 | 140 | 137 | 161 | 145 | |||||
| Net Profit | NOK mil | 243 | 440 | 411 | 483 | 434 | |||||
| growth rates | |||||||||||
| Net Interest Income Growth | % | ... | ... | ... | ... | 34.8 | 24.0 | 21.9 | 19.6 | ||
| Net Fee Income Growth | % | ... | ... | ... | ... | 161 | 39.0 | 67.3 | 17.8 | ||
| Total Revenue Growth | % | ... | ... | ... | ... | 38.8 | 22.4 | 25.6 | 20.6 | ||
| Operating Cost Growth | % | ... | ... | ... | ... | 11.3 | 19.3 | 19.5 | 15.8 | ||
| Operating Profit Growth | % | ... | ... | ... | ... | 52.8 | 23.7 | 27.9 | 22.3 | ||
| Pre-Tax Profit Growth | % | ... | ... | ... | ... | 58.8 | 26.0 | 21.1 | 0.334 | ||
| Net Profit Growth | % | ... | ... | ... | ... | 51.6 | 26.0 | 21.0 | 78.3 |
| balance sheet | Unit | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 |
| balance sheet | |||||||||||
| Cash | NOK mil | 62.0 | 66.0 | 66.0 | 66.0 | 66.0 | |||||
| Interbank Loans | NOK mil | 1,769 | 1,261 | 1,839 | 2,323 | 1,838 | |||||
| Customer Loans | NOK mil | 30,135 | 32,452 | 33,843 | 35,464 | 36,751 | |||||
| Debt Securities | NOK mil | 8,365 | 8,860 | 9,292 | 9,390 | 10,813 | |||||
| Fixed Assets | NOK mil | 117 | 116 | 134 | 134 | 136 | |||||
| Total Assets | NOK mil | 40,614 | 43,000 | 45,372 | 47,551 | 49,790 | |||||
| Shareholders' Equity | NOK mil | 5,278 | 5,714 | 6,174 | 6,655 | 7,082 | |||||
| Liabilities | NOK mil | 35,336 | 37,286 | 39,198 | 40,895 | 42,708 | |||||
| Interbank Borrowing | NOK mil | 0 | 0 | 99.2 | 85.5 | 32.3 | |||||
| Customer Deposits | NOK mil | 31,988 | 33,682 | 35,789 | 37,706 | 39,359 | |||||
| Issued Debt Securities | NOK mil | 2,515 | 2,717 | 2,409 | 2,283 | 2,287 | |||||
| Other Liabilities | NOK mil | 833 | 887 | 900 | 821 | 1,030 | |||||
| asset quality | |||||||||||
| Non-Performing Loans | NOK mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Gross Loans | NOK mil | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Provisions | NOK mil | 141 | 199 | 209 | 235 | 299 | |||||
| growth rates | |||||||||||
| Customer Loan Growth | % | ... | ... | ... | ... | 32.3 | 24.6 | 22.8 | 22.0 | ||
| Total Asset Growth | % | ... | ... | ... | ... | 41.4 | 29.2 | 22.9 | 22.6 | ||
| Shareholders' Equity Growth | % | ... | ... | ... | ... | 71.3 | 48.7 | 37.2 | 34.2 | ||
| Customer Deposit Growth | % | ... | ... | ... | ... | 37.9 | 26.7 | 21.9 | 23.0 |
| ratios | Unit | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 |
| ratios | |||||||||||
| ROE | % | 19.2 | 32.0 | 27.6 | 30.1 | 25.3 | |||||
| ROA | % | 2.46 | 4.21 | 3.72 | 4.16 | 3.57 | |||||
| Costs (As % Of Assets) | % | 2.72 | 2.77 | 2.79 | 2.61 | 2.57 | |||||
| Costs (As % Of Income) | % | 27.3 | 27.1 | 29.0 | 25.6 | 26.2 | |||||
| Net Interest Margin | % | 9.46 | 9.71 | 9.27 | 9.36 | 9.22 | |||||
| Interest Spread | % | ... | 9.26 | 9.51 | 9.07 | 9.15 | 8.99 | ||||
| Asset Yield | % | 10.8 | 11.0 | 10.6 | 10.7 | 10.6 | |||||
| Cost Of Liabilities | % | ... | 1.53 | 1.51 | 1.49 | 1.54 | 1.57 | ||||
| Payout Ratio | % | 0 | 0 | 0 | 0 | 0 | |||||
| Interest Income (As % Of Revenues) | % | 95.0 | 94.9 | 96.2 | 92.0 | 94.2 | |||||
| Fee Income (As % Of Revenues) | % | 4.98 | 5.37 | 5.06 | 6.18 | 4.86 | |||||
| Other Income (As % Of Revenues) | % | 0.069 | -0.314 | -1.27 | 1.79 | 0.939 | |||||
| Cost Per Employee | USD per month | 10,366 | 11,062 | 11,395 | 9,059 | 12,029 | ... | ||||
| Cost Per Employee (Local Currency) | NOK per month | 88,941 | 94,912 | 97,771 | 77,730 | 103,207 | ... | ||||
| Staff Cost (As % Of Total Cost) | % | 6.94 | 7.08 | 6.97 | 5.74 | 7.51 | |||||
| Equity (As % Of Assets) | % | 13.0 | 13.3 | 13.6 | 14.0 | 14.2 | |||||
| Loans (As % Of Deposits) | % | 94.2 | 96.3 | 94.6 | 94.1 | 93.4 | |||||
| Loans (As % Assets) | % | 74.2 | 75.5 | 74.6 | 74.6 | 73.8 | |||||
| NPLs (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Provisions (As % Of NPLs) | % | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Provisions (As % Of Loans) | % | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Cost of Provisions (As % Of Loans) | % | 1.91 | 2.55 | 2.52 | 2.71 | 3.31 |
| other data | Unit | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 |
| other data | |||||||||||
| Employees | 70.1 | 72.0 | 73.3 | 74.5 | 75.8 | ... | |||||
| Return on Loans | % | 0.825 | 1.41 | 1.24 | 1.39 | 1.20 | |||||
| Operating Profit (As % of Loans) | % | 2.43 | 2.49 | 2.28 | 2.54 | 2.43 | |||||
| Gross Yield On Customer Loans | % | ... | ... | ... | ... | ... | 13.8 | ... | ... | ... | |
| Net Yield On Customer Loans | % | ... | ... | ... | ... | ... | 11.3 | ... | ... | ... | |
| Net Yield On Loans adj. for Cost of Funding | % | ... | ... | ... | ... | ... | 9.77 | ... | ... | ... | |
| Costs (As % Of Loans) | % | 3.66 | 3.70 | 3.72 | 3.49 | 3.46 | |||||
| Equity (As % Of Loans) | % | 17.5 | 17.6 | 18.2 | 18.8 | 19.3 |
Get all company financials in excel:
By Helgi Library - October 23, 2019
Norwegian Finans Holding stock traded at NOK 70.5 per share at the end of first quarter of 2019 implying a market capitalization of USD 1,534 mil. Over the last five years, the stock has appreciated by 0 implying an annual average growth of 0% In absolute...
By Helgi Library - July 3, 2019
Norwegian Finans Holding stock traded at NOK 70.5 per share at the end of first quarter of 2019 implying a market capitalization of USD 1,534 mil. Over the last five years, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, th...
By Helgi Library - July 3, 2019
Norwegian Finans Holding generated total banking revenues of NOK 1,251 mil in the first quarter of 2019, up 17.6% when compared to the same period of last year and 2.91% when compared to the previous quarter. Historically, the bank’s revenues containing of in...
By Helgi Library - October 7, 2019
Norwegian Finans Holding's Equity reached 64.5% of total assets in the 1Q2019, up from 55.3% for the previous year. As a share of net customer loans, the ratio amounted to 90.9% at the end of the first quarter of 2019. ...
By Helgi Library - July 3, 2019
Norwegian Finans Holding's customer loan growth reached 12.0% in 2019-03-31, down from 24.6% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 32.3% in 2017-12-31 and an all time low of 12.0% in 2019-03-31. I...
By Helgi Library - November 1, 2019
Norwegian Finans Holding's Cost of Risk (loan loss provisions as % of total assets) amounted to 2.11% in the first quarter of 2019, down from 2.26% when compared to the previous quarter. Historically, the bank’s cost of risk reached an all time high of 2.40% in ...
By Helgi Library - July 3, 2019
Norwegian Finans Holding made a net profit of NOK 1,797 mil under revenues of NOK 4,652 mil in 2018, up 12.5% and 20.3% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of NOK 1,797 mil in 2018 and an all time low o...
By Helgi Library - July 3, 2019
Norwegian Finans Holding's capital adequacy ratio reached 23.7% at the end of 2018, up from 20.9% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 23.7% in 2018 and an all time low of 15.7% in 2015. The Tier 1 rati...
By Helgi Library - July 3, 2019
Norwegian Finans Holding generated total banking revenues of NOK 4,652 mil in 2018, up 20.3% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of NOK 4,652 mil in ...
By Helgi Library - July 3, 2019
Norwegian Finans Holding's net interest margin amounted to 9.43% in 2018, down from 10.0% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 10.2% in 2016 and an all time low of 8.96% in 2014. The ave...
Norwegian Finans Holding has been growing its revenues and asset by 45.2% and 42.0% a year on average in the last 3 years. Its loans and deposits have grown by 39.9% and 43.0% a year during that time and loans to deposits ratio reached 96.7% at the end of 2018. The company achieved an average return on equity of 37.4% in the last three years with net profit growing 49.3% a year on average. In terms of operating efficiency, its cost to income ratio reached 26.6% in 2018, compared to 29.8% average in the last three years.
Equity represented 15.0% of total assets or 20.0% of loans at the end of 2018. Norwegian Finans Holding's non-performing loans were 9.97% of total loans while provisions covered some 42.6% of NPLs at the end of 2018.
Norwegian Finans Holding stock traded at NOK 70.7 per share at the end of 2018 resulting in a market capitalization of USD 1,608 mil. Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 37.4% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 7.35x and price to book value (PBV) of 1.75x in 2018.
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