Sparebanken Sør

BATS-CHIXE:SORO Stock Report

Market Cap: NOK 6.1b

Sparebanken Sør Management

Management criteria checks 2/4

Sparebanken Sør's CEO is Geir Bergskaug, appointed in Jan 2014, has a tenure of 10.33 years. total yearly compensation is NOK5.36M, comprised of 75.6% salary and 24.4% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth NOK12.30M. The average tenure of the management team and the board of directors is 1.3 years and 2.1 years respectively.

Key information

Geir Bergskaug

Chief executive officer

NOK 5.4m

Total compensation

CEO salary percentage75.6%
CEO tenure10.3yrs
CEO ownership0.2%
Management average tenure1.3yrs
Board average tenure2.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Geir Bergskaug's remuneration changed compared to Sparebanken Sør's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

NOK 728m

Dec 31 2023NOK 5mNOK 4m

NOK 684m

Sep 30 2023n/an/a

NOK 708m

Jun 30 2023n/an/a

NOK 633m

Mar 31 2023n/an/a

NOK 635m

Dec 31 2022NOK 5mNOK 3m

NOK 496m

Sep 30 2022n/an/a

NOK 362m

Jun 30 2022n/an/a

NOK 309m

Mar 31 2022n/an/a

NOK 254m

Dec 31 2021NOK 6mNOK 3m

NOK 191m

Sep 30 2021n/an/a

NOK 193m

Jun 30 2021n/an/a

NOK 194m

Mar 31 2021n/an/a

NOK 191m

Dec 31 2020NOK 5mNOK 3m

NOK 177m

Sep 30 2020n/an/a

NOK 161m

Jun 30 2020n/an/a

NOK 168m

Mar 31 2020n/an/a

NOK 171m

Dec 31 2019NOK 5mNOK 3m

NOK 183m

Sep 30 2019n/an/a

NOK 170m

Jun 30 2019n/an/a

NOK 152m

Mar 31 2019n/an/a

NOK 156m

Dec 31 2018NOK 5mNOK 3m

NOK 158m

Sep 30 2018n/an/a

NOK 180m

Jun 30 2018n/an/a

NOK 187m

Mar 31 2018n/an/a

NOK 178m

Dec 31 2017NOK 5mNOK 3m

NOK 175m

Compensation vs Market: Geir's total compensation ($USD510.18K) is below average for companies of similar size in the UK market ($USD977.24K).

Compensation vs Earnings: Geir's compensation has been consistent with company performance over the past year.

CEO

Geir Bergskaug (63 yo)

10.3yrs

Tenure

NOK 5,362,000

Compensation

Mr. Geir Bergskaug has been Chief Executive Officer of Sparebanken Sør since January 1, 2014 and serves as its Director. Mr. Bergskaug served as Chief Executive Officer of Sparebanken Sør Boligkreditt AS (...

Leadership Team

NamePositionTenureCompensationOwnership
Geir Bergskaug
CEO & Director10.3yrsNOK 5.36m0.20%
NOK 12.3m
Steinar Vigsnes
Chief Financial Officer1.9yrsNOK 2.01mno data
Eva Kvelland
Executive Vice President of Marketing & Communications2.8yrsNOK 2.04mno data
Bjørn Friestad
Chief Risk Officerless than a yearNOK 2.40mno data
Gunnar Thomassen
Executive Vice President of Corporate Customer Divisionless than a yearNOK 2.88mno data
Rolf Soraker
Executive Vice President of Group Head Officeless than a yearNOK 2.30mno data
Gry Moen
Executive Vice President of Business Developmentno dataNOK 2.27mno data
Steinar Breen
Executive Vice President of Strategyless than a yearNOK 2.16mno data
Bente Svensen
Executive Vice President of Process Improvementless than a yearNOK 2.11mno data
Pal Ekberg
Executive Vice President of Retail Market1.3yrsNOK 6.50mno data
Gunn Aina Bruin
Controller3.3yrsno datano data
Lene Frustol
Controller3.3yrsno datano data

1.3yrs

Average Tenure

53yo

Average Age

Experienced Management: SORO's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Geir Bergskaug
CEO & Directorno dataNOK 5.36m0.20%
NOK 12.3m
Eli Giske
Independent Director2.1yrsNOK 256.00kno data
Knut Sæthre
Independent Chairman of the Board2.1yrsNOK 464.00kno data
Erik Tønnesen
Independent Director3.5yrsNOK 250.00kno data
Birgitte Midgaard
Trusteeno datano datano data
Mette Harv
Independent Deputy Chairman2.1yrsNOK 274.00kno data
Anne Hovstad
Chairman of Board of Trustees4.2yrsno datano data
Hans Frigstad
Employee Representative Directorless than a yearno datano data
Eldbjorg Dahl
Deputy Chair of Board of Trustees3.3yrsno datano data
Merete Ostby
Independent Director3.5yrsNOK 228.00kno data
Trond Randoy
Independent Director2.1yrsNOK 243.00kno data
Rune Roisland
Permanent attendee of Board of Trusteesno datano datano data

2.1yrs

Average Tenure

61yo

Average Age

Experienced Board: SORO's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/05/27 23:14
End of Day Share Price 2024/02/28 00:00
Earnings2024/03/31
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Sparebanken Sør is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Geir KristiansenBeringer Finance AB
Håkon AstrupDNB Markets
Ulrik ZürcherNordea Markets