New Risk • May 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 11
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: kr9.04 (up from kr8.54 in 1Q 2025). Revenue: kr310.0m (up 6.9% from 1Q 2025). Net income: kr112.0m (up 5.7% from 1Q 2025). Profit margin: 36% (in line with 1Q 2025). Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 4.2%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year. Upcoming Dividend • Mar 19
Upcoming dividend of kr24.50 per share Eligible shareholders must have bought the stock before 26 March 2026. Payment date: 07 April 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of Norwegian dividend payers (7.4%). In line with average of industry peers (6.1%). New Risk • Feb 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Feb 12
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: kr49.36 (up from kr49.00 in FY 2024). Revenue: kr1.37b (up 4.3% from FY 2024). Net income: kr657.0m (up 8.2% from FY 2024). Profit margin: 48% (up from 46% in FY 2024). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) exceeded analyst estimates by 3.5%. Revenue is expected to decline by 1.0% p.a. on average during the next 2 years, while revenues in the Banks industry in Norway are expected to grow by 2.9%. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Announcement • Feb 11
SpareBank 1 Østfold Akershus announces Annual dividend, payable on April 07, 2026 SpareBank 1 Østfold Akershus announced Annual dividend of NOK 24.5000 per share payable on April 07, 2026, ex-date on March 26, 2026 and record date on March 27, 2026. Upcoming Dividend • Nov 26
Upcoming dividend of kr10.00 per share Eligible shareholders must have bought the stock before 03 December 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Norwegian dividend payers (9.0%). Lower than average of industry peers (6.0%). Announcement • Nov 04
SpareBank 1 Østfold Akershus, Annual General Meeting, Mar 25, 2026 SpareBank 1 Østfold Akershus, Annual General Meeting, Mar 25, 2026. Reported Earnings • Nov 03
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: kr11.78 (down from kr18.88 in 3Q 2024). Revenue: kr326.0m (down 20% from 3Q 2024). Net income: kr157.0m (down 33% from 3Q 2024). Profit margin: 48% (down from 58% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 14%. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Major Estimate Revision • Aug 24
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from kr1.25b to kr1.27b. EPS estimate increased from kr41.26 to kr45.81 per share. Net income forecast to shrink 18% next year vs 103% growth forecast for Banks industry in Norway . Consensus price target up from kr430 to kr457. Share price was steady at kr438 over the past week. Price Target Changed • Aug 22
Price target increased by 7.4% to kr457 Up from kr425, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr438. Stock is up 27% over the past year. The company is forecast to post earnings per share of kr45.81 for next year compared to kr49.00 last year. New Risk • Aug 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 18
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: kr8.54 (down from kr11.02 in 1Q 2024). Revenue: kr290.0m (down 6.1% from 1Q 2024). Net income: kr114.0m (down 16% from 1Q 2024). Profit margin: 39% (down from 44% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Apr 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.06% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.06% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Apr 14
Price target increased by 12% to kr435 Up from kr389, the current price target is an average from 2 analysts. New target price is 8.7% above last closing price of kr400. Stock is up 23% over the past year. The company is forecast to post earnings per share of kr44.34 for next year compared to kr49.00 last year. Upcoming Dividend • Mar 20
Upcoming dividend of kr20.10 per share Eligible shareholders must have bought the stock before 27 March 2025. Payment date: 03 April 2025. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Norwegian dividend payers (8.9%). Lower than average of industry peers (6.0%). Price Target Changed • Feb 26
Price target increased by 8.2% to kr410 Up from kr379, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr425. Stock is up 29% over the past year. The company is forecast to post earnings per share of kr45.18 for next year compared to kr49.01 last year. Reported Earnings • Feb 09
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: kr49.01 (up from kr37.21 in FY 2023). Revenue: kr1.31b (up 18% from FY 2023). Net income: kr651.0m (up 41% from FY 2023). Profit margin: 50% (up from 41% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Banks industry in Norway are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Nov 08
SpareBank 1 Østfold Akershus, Annual General Meeting, Mar 06, 2025 SpareBank 1 Østfold Akershus, Annual General Meeting, Mar 06, 2025. Reported Earnings • Nov 04
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: kr18.88 (up from kr8.69 in 3Q 2023). Revenue: kr405.0m (up 54% from 3Q 2023). Net income: kr250.0m (up 132% from 3Q 2023). Profit margin: 62% (up from 41% in 3Q 2023). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 37%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Oct 22
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from kr1.17b to kr1.24b. EPS estimate increased from kr42.19 to kr46.89 per share. Net income forecast to grow 20% next year vs 104% growth forecast for Banks industry in Norway. Consensus price target of kr371 unchanged from last update. Share price was steady at kr365 over the past week. New Risk • Oct 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 18
Second quarter 2024 earnings: Revenues miss analyst expectations Second quarter 2024 results: Revenue: kr303.0m (up 1.0% from 2Q 2023). Net income: kr131.0m (flat on 2Q 2023). Profit margin: 43% (in line with 2Q 2023). Revenue missed analyst estimates by 14%. Revenue is forecast to stay flat during the next 3 years compared to a 1.1% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Mar 15
Upcoming dividend of kr21.50 per share Eligible shareholders must have bought the stock before 22 March 2024. Payment date: 02 April 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 6.5%. Lower than top quartile of Norwegian dividend payers (7.5%). In line with average of industry peers (7.2%). Reported Earnings • Mar 13
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: kr37.21 (up from kr34.14 in FY 2022). Revenue: kr1.12b (up 14% from FY 2022). Net income: kr461.0m (up 9.0% from FY 2022). Profit margin: 41% (down from 43% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 3.5%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Major Estimate Revision • Feb 28
Consensus EPS estimates increase by 14%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr1.21b to kr1.17b. EPS estimate rose from kr37.30 to kr42.66. Net income forecast to grow 22% next year vs 79% growth forecast for Banks industry in Norway. Consensus price target up from kr370 to kr381. Share price was steady at kr330 over the past week. Major Estimate Revision • Feb 21
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from kr1.17b to kr1.21b. EPS estimate fell from kr42.81 to kr37.30 per share. Net income forecast to grow 7.1% next year vs 72% growth forecast for Banks industry in Norway. Consensus price target of kr370 unchanged from last update. Share price was steady at kr328 over the past week. Reported Earnings • Feb 12
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: kr37.27 (up from kr34.14 in FY 2022). Revenue: kr916.0m (down 6.5% from FY 2022). Net income: kr493.0m (up 17% from FY 2022). Profit margin: 54% (up from 43% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 3.5%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 1.5% growth forecast for the Banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. New Risk • Nov 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Mar 24
Upcoming dividend of kr17.80 per share at 5.3% yield Eligible shareholders must have bought the stock before 31 March 2023. Payment date: 12 April 2023. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Norwegian dividend payers (8.3%). Lower than average of industry peers (6.5%). Board Change • Nov 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Bjarne Lind was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Oct 28
Price target decreased to kr375 Down from kr405, the current price target is an average from 2 analysts. New target price is 26% above last closing price of kr298. Stock is down 9.7% over the past year. The company is forecast to post earnings per share of kr31.33 for next year compared to kr33.50 last year. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Director Bjarne Lind was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of kr16.20 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 06 April 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Norwegian dividend payers (6.0%). Lower than average of industry peers (4.7%). Reported Earnings • Mar 13
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: kr33.50 (up from kr27.85 in FY 2020). Revenue: kr927.0m (up 13% from FY 2020). Net income: kr415.0m (up 20% from FY 2020). Profit margin: 45% (up from 42% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is expected to shrink by 2.0% compared to a 10% growth forecast for the banks industry in Norway. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Mar 01
Price target increased to kr409 Up from kr369, the current price target is an average from 2 analysts. New target price is 11% above last closing price of kr370. Stock is up 35% over the past year. The company is forecast to post earnings per share of kr31.21 for next year compared to kr33.46 last year. Price Target Changed • Jan 20
Price target increased to kr369 Up from kr340, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr356. Stock is up 28% over the past year. The company is forecast to post earnings per share of kr32.45 for next year compared to kr27.85 last year. Price Target Changed • Oct 13
Price target increased to kr340 Up from kr314, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr326. Stock is up 35% over the past year. Price Target Changed • May 20
Price target increased to kr308 Up from kr285, the current price target is an average from 2 analysts. New target price is 6.0% above last closing price of kr290. Stock is up 34% over the past year. Reported Earnings • May 04
First quarter 2021 earnings released: EPS kr7.39 (vs kr4.91 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr210.0m (up 24% from 1Q 2020). Net income: kr98.0m (up 61% from 1Q 2020). Profit margin: 47% (up from 36% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 24
Upcoming dividend of kr3.50 per share Eligible shareholders must have bought the stock before 31 March 2021. Payment date: 12 April 2021. Trailing yield: 1.2%. Lower than top quartile of Norwegian dividend payers (5.1%). Lower than average of industry peers (4.7%). Analyst Estimate Surprise Post Earnings • Mar 14
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 2.0%, compared to a 19% growth forecast for the Banks industry in Norway. Is New 90 Day High Low • Mar 04
New 90-day high: kr286 The company is up 13% from its price of kr252 on 04 December 2020. The Norwegian market is also up 13% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Banks industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr418 per share. Price Target Changed • Jan 15
Price target raised to kr274 Up from kr249, the current price target is an average from 2 analysts. The new target price is close to the current share price of kr266. As of last close, the stock is up 12% over the past year. Major Estimate Revision • Jan 15
Analysts increase EPS estimates to kr26.07 The 2020 consensus revenue estimate increased from kr772.8m to kr783.5m. The earnings per share estimate also received an upgrade from kr23.48 to kr26.07 for the same period. Net income is expected to grow by 3.7% next year compared to 79% growth forecast for the Banks industry in Norway. The consensus price target increased from kr249 to kr274. Share price is up 3.9% to kr266 over the past week. Is New 90 Day High Low • Jan 12
New 90-day high: kr272 The company is up 12% from its price of kr242 on 14 October 2020. The Norwegian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr392 per share. Is New 90 Day High Low • Dec 03
New 90-day high: kr260 The company is up 11% from its price of kr234 on 04 September 2020. The Norwegian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr347 per share. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of kr329.7m, down 11% from the prior year. Total revenue was kr795.5m over the last 12 months, down 3.8% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Third-quarter earnings released: Revenue and earnings beat expectations Third-quarter revenue exceeded analyst estimates by 9.2% at kr210.0m. Earnings per share (EPS) also surpassed analyst estimates by 41% at kr7.53. Revenue is expected to shrink by 1.8% over the next year, compared to a 25% growth forecast for the Banks industry in Norway. Is New 90 Day High Low • Oct 22
New 90-day low: kr218 The company is down 4.0% from its price of kr228 on 24 July 2020. The Norwegian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr352 per share. Is New 90 Day High Low • Sep 18
New 90-day high: kr250 The company is up 13% from its price of kr222 on 19 June 2020. The Norwegian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr353 per share.