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 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 ...
| 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 - 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 17.6% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of ...
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 the previous quarter. Historically, the bank’s net interest margin reached an all time high of 10.1% in 1Q2017 and an all time low...
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 the previous quarter. Historically, the bank’s net interest margin reached an all time high of 10.1% in 1Q2017 and an all time low...
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 - 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 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 - 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. ...
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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