profit from every NOK 100 of sales.
NOK 0NOK 100
Sparebanken Norge
NOK 207.65-0.12% today
+10.6% in 1 year
1-year low NOK 179.601-year high NOK 215.35
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay NOK 5.46 for every NOK 1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Sparebanken Norge sold, what it kept, and what it did with the cash.
Sales went from NOK 5.08 billion in 2022 to NOK 11.7 billion in 2025, with NOK 6.57 billion of profit last year.
SalesProfit
Sparebanken Norge handed back 34% of the cash it generated last year.
NOK 2.3B
Free cash flow 2025NOK 6.9B
Bought back its own shares–
Paid as dividendsNOK 2.3B
Cash vs. debtNOK 86M vs. NOK 198.1B
Sparebanken Norge vs. similar companies
Sparebanken Norge grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from NOK 100 of sales | Sales growth a year | Price per NOK 1 of profit |
|---|---|---|---|
| Sparebanken Norge | 5.5× · Cheap | ||
 China Merchants Bank | 7.7× · Cheap | ||
 DBS Group Holdings | 18.2× · Fair price | ||
 UniCredit | 11.5× · Cheap | ||
 HDFC Bank | 18.6× · Fair price |
AI analysis
An AI analyst reads Sparebanken Norge's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 5,078 | 6,200 | 7,450 | 11,679 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 2,817 | 3,545 | 4,652 | 6,574 | |
| 1,029.00 | 12.76 | 16.66 | 16.78 | |
| – | – | – | – | |
| – | – | – | – | |
| 55.5% | 57.2% | 62.4% | 56.3% |
Balance sheet
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 263,812 | 306,495 | 338,167 | 581,715 |
| Cash | 143 | 387 | 483 | 86 |
| Total debt | 102,598 | 128,072 | 117,189 | 198,065 |
| Total liabilities | 241,919 | 283,071 | 311,906 | 526,963 |
| 21,893 | 23,424 | 26,117 | 53,558 | |
| 110 | 110 | 110 | 173 | |
| – | – | – | – | |
| 12.9% | 15.1% | 17.8% | 12.3% |
Cash flow
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 2,381 | 3,789 | 4,427 | 6,948 | |
| 123 | 107 | 72 | 88 | |
| 2,258 | 3,682 | 4,355 | 6,860 | |
| Dividends paid | 1,028 | 1,932 | 2,673 | 2,322 |
| – | – | – | – | |
| – | – | – | – |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 5.5×
- –
- –
- 0.7×
- 3.1×
- 18.3%
- 6.5%
Profitability
- 56.3%
- –
- –
- –
- –
Growth
- +32.0%
- −74.6%
- –
- +16.5%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 7%of 900
Top 14%of 908
Top 11%of 941
6.5%of the share price, paid each year
On $1,000 invested$65a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
35.3% of its profit
Room to growStretchedMore than it earns: 33.8%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about Sparebanken Norge
Is Sparebanken Norge a good stock to buy?
A strong, very profitable business, and the price looks low. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Sparebanken Norge AI analysis
What does Sparebanken Norge do?
Sparebanken Norge, a financial services company, provides banking and financing services. The company is involved in investment banking; trading in securities for professional investors; leasing and selling mortgage loans; and real estate agency business. It is in Banks - Regional, based in Bergen, Norway, with 1,660 employees.
Does Sparebanken Norge pay a dividend?
Yes. At today's price the dividend is 6.5% a year, about 35% of its yearly profit. In 2025 it paid out NOK 2.32 billion in dividends.
Is Sparebanken Norge stock halal?
No. Sparebanken Norge does not pass our halal screen: its main business, banking, is not permitted. How we check
How has Sparebanken Norge stock done over the past year?
Up 10.6% over the past twelve months, to NOK 207.65. It traded between NOK 179.60 and NOK 215.35 and is 3.6% below its high.
Who are Sparebanken Norge's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with Sparebanken Norge's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.