SpareBank 1 Sør-Norge ASA

OB:SB1NO Stock Report

Market Cap: NOK 67.6b

SpareBank 1 Sør-Norge Management

Management criteria checks 3/4

SpareBank 1 Sør-Norge's CEO is Inge Reinertsen, appointed in Sep 2024, has a tenure of less than a year. total yearly compensation is NOK6.45M, comprised of 61.9% salary and 38.1% bonuses, including company stock and options. directly owns 0.033% of the company’s shares, worth NOK22.40M. The average tenure of the management team and the board of directors is 3.5 years and 2.1 years respectively.

Key information

Inge Reinertsen

Chief executive officer

NOK 6.4m

Total compensation

CEO salary percentage61.86%
CEO tenureless than a year
CEO ownership0.03%
Management average tenure3.5yrs
Board average tenure2.1yrs

Recent management updates

Recent updates

SpareBank 1 Sør-Norge ASA Just Recorded A 13% EPS Beat: Here's What Analysts Are Forecasting Next

May 10
SpareBank 1 Sør-Norge ASA Just Recorded A 13% EPS Beat: Here's What Analysts Are Forecasting Next

SpareBank 1 Sør-Norge's (OB:SB1NO) Dividend Will Be Increased To NOK8.50

Apr 23
SpareBank 1 Sør-Norge's (OB:SB1NO) Dividend Will Be Increased To NOK8.50

SpareBank 1 Sør-Norge's (OB:SB1NO) Upcoming Dividend Will Be Larger Than Last Year's

Apr 04
SpareBank 1 Sør-Norge's (OB:SB1NO) Upcoming Dividend Will Be Larger Than Last Year's

SpareBank 1 Sør-Norge (OB:SB1NO) Is Paying Out A Larger Dividend Than Last Year

Mar 10
SpareBank 1 Sør-Norge (OB:SB1NO) Is Paying Out A Larger Dividend Than Last Year

SpareBank 1 Sør-Norge (OB:SB1NO) Has Announced That It Will Be Increasing Its Dividend To NOK8.50

Feb 15
SpareBank 1 Sør-Norge (OB:SB1NO) Has Announced That It Will Be Increasing Its Dividend To NOK8.50
author-image

SR-Bank Merger And Regional Expansion May Boost Growth, But Loan Impairments And Competition Could Impact Earnings

Merger with SR-Bank could boost net margins through cost efficiencies, increased revenue, and improved cost-to-income ratios.

Here's Why SpareBank 1 Sør-Norge (OB:SB1NO) Has Caught The Eye Of Investors

Dec 10
Here's Why SpareBank 1 Sør-Norge (OB:SB1NO) Has Caught The Eye Of Investors

SpareBank 1 Sør-Norge ASA Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Nov 03
SpareBank 1 Sør-Norge ASA Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

We Ran A Stock Scan For Earnings Growth And SpareBank 1 SR-Bank (OB:SRBNK) Passed With Ease

Aug 16
We Ran A Stock Scan For Earnings Growth And SpareBank 1 SR-Bank (OB:SRBNK) Passed With Ease

CEO Compensation Analysis

How has Inge Reinertsen's remuneration changed compared to SpareBank 1 Sør-Norge's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

NOK 5b

Dec 31 2024NOK 6mNOK 4m

NOK 5b

Sep 30 2024n/an/a

NOK 5b

Jun 30 2024n/an/a

NOK 5b

Mar 31 2024n/an/a

NOK 5b

Dec 31 2023NOK 5mNOK 3m

NOK 4b

Sep 30 2023n/an/a

NOK 4b

Jun 30 2023n/an/a

NOK 4b

Mar 31 2023n/an/a

NOK 3b

Dec 31 2022n/an/a

NOK 3b

Sep 30 2022n/an/a

NOK 3b

Jun 30 2022n/an/a

NOK 3b

Mar 31 2022n/an/a

NOK 3b

Dec 31 2021NOK 4mNOK 2m

NOK 3b

Sep 30 2021n/an/a

NOK 3b

Jun 30 2021n/an/a

NOK 3b

Mar 31 2021n/an/a

NOK 2b

Dec 31 2020NOK 3mNOK 2m

NOK 2b

Sep 30 2020n/an/a

NOK 1b

Jun 30 2020n/an/a

NOK 1b

Mar 31 2020n/an/a

NOK 2b

Dec 31 2019NOK 4mNOK 2m

NOK 3b

Sep 30 2019n/an/a

NOK 3b

Jun 30 2019n/an/a

NOK 3b

Mar 31 2019n/an/a

NOK 3b

Dec 31 2018NOK 4mNOK 2m

NOK 2b

Compensation vs Market: Inge's total compensation ($USD625.52K) is below average for companies of similar size in the Norwegian market ($USD1.34M).

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

CEO

Inge Reinertsen (53 yo)

less than a year
Tenure
NOK 6,448,000
Compensation

Mr. Inge Reinertsen was Chief Financial Officer of SpareBank 1 Sør-Norge ASA (formerly known as SpareBank 1 S r-Norge ASA (formerly known as SpareBank 1 S r-Norge ASA (formerly known as SpareBank 1 Sr-Nor...

Leadership Team

NamePositionTenureCompensationOwnership
Inge Reinertsen
Chief Executive Officerless than a yearNOK 6.45m0.033%
NOK 22.4m
Glenn Sæther
Executive Vice President of Technology Development & Business Processes3.2yrsNOK 4.87m0.010%
NOK 7.1m
Signe Helliesen
Executive Vice President of Compliance6.3yrsNOK 3.01m0.0011%
NOK 722.9k
Ella Skjorestad
Executive Vice President Customer Offerings7.3yrsNOK 3.64m0.0043%
NOK 2.9m
Per Halvorsen
Vice CEO and EVP of People & Integrationless than a yearNOK 4.42m0.0033%
NOK 2.2m
Tore Medhus
Executive Vice President Corporate Market24.7yrsNOK 5.34m0.018%
NOK 12.4m
Jan Friestad
Executive Vice President Strategy and Group Services3.6yrsNOK 4.60m0.016%
NOK 10.7m
Frode Bø
Executive Vice President of Risk Management19.3yrsNOK 4.31m0.0050%
NOK 3.4m
Roger Lund Antonesen
Executive Vice President of Retail Market3.4yrsNOK 5.60m0.0022%
NOK 1.5m
Marianne Bakke
Executive Vice President Business Banking and Agriculture3.7yrsNOK 3.86m0.0021%
NOK 1.4m
Tonje Stormoen
Executive Vice President of Customer Deliveriesless than a yearNOK 2.44m0.0016%
NOK 1.1m
Lasse Olsen
Executive Vice President Private Bankingless than a yearNOK 2.56m0.0026%
NOK 1.8m
3.5yrs
Average Tenure
54.5yo
Average Age

Experienced Management: SB1NO's management team is considered experienced (3.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Finn Haugan
Chairman of the Boardless than a yearNOK 222.00kno data
Trine Romuld
Independent Director5.1yrsNOK 460.00k0.0011%
NOK 722.9k
Sally Lund-Andersen
Employee Representative Director13.3yrsNOK 395.00k0.0011%
NOK 722.9k
Jan Skogseth
Independent Director8.1yrsNOK 411.00k0.0027%
NOK 1.8m
Kjetil Skjæveland
Director3.1yrsNOK 416.00k0.00054%
NOK 364.8k
Camilla Aldona Tepfers
Independent Director3.1yrsNOK 416.00kno data
Hanne Gravdal
Employee Representative Directorless than a yearNOK 93.00kno data
Maria Tho
Directorless than a yearNOK 106.00k0.000090%
NOK 60.8k
Heine Wang
Directorless than a yearNOK 106.00kno data
Eirik Elholm
Employee Representative Director1.1yrsNOK 247.00kno data
2.1yrs
Average Tenure
58yo
Average Age

Experienced Board: SB1NO'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 Analysis2025/05/19 10:30
End of Day Share Price 2025/05/19 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 Github.

Analyst Sources

SpareBank 1 Sør-Norge ASA is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Fridtjof BerentsArctic Securities ASA
Geir KristiansenBeringer Finance AB