Sparebanken Møre, together with its subsidiaries, provides banking services for retail and corporate customers primarily in Møre og Romsdal, Norway. More Details
How has Sparebanken Møre performed over the past 5 years?
3.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MORG has high quality earnings.
Growing Profit Margin: MORG's current net profit margins (19.6%) are lower than last year (21.9%).
Past Earnings Growth Analysis
Earnings Trend: MORG's earnings have grown by 3.2% per year over the past 5 years.
Accelerating Growth: MORG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MORG had negative earnings growth (-21.3%) over the past year, making it difficult to compare to the Banks industry average (-3.3%).
Return on Equity
High ROE: MORG's Return on Equity (7.9%) is considered low.
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Trond Nydal (50 yo)
3.92yrs
Tenure
kr3,270,000
Compensation
Mr. Trond Lars Nydal serves as an Executive Vice President of Retail Banking Division at Sparebanken Møre and served as its Executive Vice President, Ålesund and Sula Region Retail Banking since 2008. Mr. ...
CEO Compensation Analysis
Compensation vs Market: Trond's total compensation ($USD380.90K) is below average for companies of similar size in the Norwegian market ($USD600.94K).
Compensation vs Earnings: Trond's compensation has been consistent with company performance over the past year.
Leadership Team
Name
Position
Tenure
Compensation
Ownership
Trond Nydal
Chief Executive Officer
3.92yrs
kr3.27m
0.078% NOK 2.4m
Idar Vattøy
Executive Vice President of Finance & Facilities Management
3.42yrs
kr1.49m
0.052% NOK 1.6m
Erik Røkke
Executive Vice President of Risk Management & Compliance
3.42yrs
kr1.51m
0.067% NOK 2.1m
Tone Gjerdsbakk
Public Information Manager and Executive VP of Communication & Group Support
no data
kr1.40m
0.034% NOK 1.1m
Runar Sandanger
Executive VP of Treasury & Markets
8.08yrs
kr1.91m
0.045% NOK 1.4m
Perdy Lunde
Executive Vice President of Business Support
19.17yrs
kr1.69m
0.047% NOK 1.5m
Terje Krøvel
Executive Vice President of Corporate Banking Division
3.42yrs
kr1.73m
0.056% NOK 1.7m
Helge Knudsen
Employees Elected Representative Director
7.17yrs
kr188.00k
0.014% NOK 425.9k
Kjetil Hauge
Executive Vice President of Organizational Development
3.42yrs
kr1.38m
0.024% NOK 752.7k
Arild Sulebakk
Executive Vice President of Customer Experience
3.17yrs
kr1.41m
0.0092% NOK 288.0k
Marie Hide
Employees Elected Representative Director
no data
kr170.00k
0.0035% NOK 108.2k
Elisabeth Blomvik
Executive Vice President of Retail Banking Division
3.67yrs
kr1.63m
0.011% NOK 348.4k
3.5yrs
Average Tenure
54yo
Average Age
Experienced Management: MORG's management team is considered experienced (3.5 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
Helge Knudsen
Employees Elected Representative Director
7.17yrs
kr188.00k
0.014% NOK 425.9k
Marie Hide
Employees Elected Representative Director
no data
kr170.00k
0.0035% NOK 108.2k
Leif-Arne Langøy
Chairman of Board of Directors
10.17yrs
kr422.00k
1.25% NOK 39.1m
Jill Aasen
Director
3.17yrs
kr242.00k
no data
Roald Fiksdal
Chairman of Thetresfjord Bridge & Thevagetunnel
no data
no data
no data
Tormod Hvattum
Chairman of Parent Bank
no data
no data
no data
Finn Stene
Deputy Chairman of Trustee
1.92yrs
no data
no data
Ragna Bjerkeset
Deputy Chairman of the Board
0.92yr
kr208.00k
0.015% NOK 459.7k
Ann Magritt Vikebakk
Director
7.17yrs
kr229.00k
0.14% NOK 4.3m
Henrik Grung
Director
6.17yrs
kr242.00k
no data
Jan Aurdal
Chairman of Trustee
4.17yrs
kr54.00k
no data
Kåre Vassdal
Director
0.92yr
kr120.00k
no data
4.2yrs
Average Tenure
49.5yo
Average Age
Experienced Board: MORG's board of directors are considered experienced (4.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Sparebanken Møre's company bio, employee growth, exchange listings and data sources
Sparebanken Møre, together with its subsidiaries, provides banking services for retail and corporate customers primarily in Møre og Romsdal, Norway. It operates through Corporate, Retail, and Real Estate B...
Company Analysis and Financial Data Status
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2021/03/08 17:21
End of Day Share Price
2021/03/08 00:00
Earnings
2020/12/31
Annual Earnings
2020/12/31
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.