SpareBank 1 Sørøst-Norge

OB:SOON Stock Report

Market Cap: NOK 813.4m

This company is no longer active

The company may no longer be operating, as it may be out of business. Find out why through their latest events.

SpareBank 1 Sørøst-Norge Management

Management criteria checks 3/4

SpareBank 1 Sørøst-Norge's CEO is Per Halvorsen, appointed in Jun 2021, has a tenure of 3.33 years. total yearly compensation is NOK6.32M, comprised of 56.1% salary and 43.9% bonuses, including company stock and options. directly owns 0.017% of the company’s shares, worth NOK141.28K. The average tenure of the management team and the board of directors is 2.2 years and 4.4 years respectively.

Key information

Per Halvorsen

Chief executive officer

NOK 6.3m

Total compensation

CEO salary percentage56.1%
CEO tenure3.3yrs
CEO ownership0.02%
Management average tenure2.2yrs
Board average tenure4.4yrs

Recent management updates

Recent updates

Earnings Beat: SpareBank 1 Sørøst-Norge Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Apr 28
Earnings Beat: SpareBank 1 Sørøst-Norge Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Increases to CEO Compensation Might Be Put On Hold For Now at SpareBank 1 BV (OB:SBVG)

Apr 03
Increases to CEO Compensation Might Be Put On Hold For Now at SpareBank 1 BV (OB:SBVG)

Growth Investors: Industry Analysts Just Upgraded Their SpareBank 1 BV (OB:SBVG) Revenue Forecasts By 65%

Mar 08
Growth Investors: Industry Analysts Just Upgraded Their SpareBank 1 BV (OB:SBVG) Revenue Forecasts By 65%

You Have To Love SpareBank 1 BV's (OB:SBVG) Dividend

Mar 02
You Have To Love SpareBank 1 BV's (OB:SBVG) Dividend

What Kind Of Shareholders Own SpareBank 1 BV (OB:SBVG)?

Feb 02
What Kind Of Shareholders Own SpareBank 1 BV (OB:SBVG)?

SpareBank 1 BV (OB:SBVG) Has Gifted Shareholders With A Fantastic 210% Total Return On Their Investment

Jan 06
SpareBank 1 BV (OB:SBVG) Has Gifted Shareholders With A Fantastic 210% Total Return On Their Investment

Need To Know: SpareBank 1 BV (OB:SBVG) Insiders Have Been Buying Shares

Dec 11
Need To Know: SpareBank 1 BV (OB:SBVG) Insiders Have Been Buying Shares

Could SpareBank 1 BV (OB:SBVG) Have The Makings Of Another Dividend Aristocrat?

Nov 20
Could SpareBank 1 BV (OB:SBVG) Have The Makings Of Another Dividend Aristocrat?

CEO Compensation Analysis

How has Per Halvorsen's remuneration changed compared to SpareBank 1 Sørøst-Norge's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

NOK 813m

Mar 31 2024n/an/a

NOK 838m

Dec 31 2023NOK 6mNOK 4m

NOK 795m

Sep 30 2023n/an/a

NOK 821m

Jun 30 2023n/an/a

NOK 793m

Mar 31 2023n/an/a

NOK 725m

Dec 31 2022NOK 6mNOK 3m

NOK 630m

Sep 30 2022n/an/a

NOK 557m

Jun 30 2022n/an/a

NOK 562m

Mar 31 2022n/an/a

NOK 546m

Dec 31 2021NOK 22mNOK 2m

NOK 522m

Compensation vs Market: Per's total compensation ($USD595.10K) is above average for companies of similar size in the Norwegian market ($USD313.50K).

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

CEO

Per Halvorsen (62 yo)

3.3yrs

Tenure

NOK 6,316,000

Compensation

Mr. Per Halvorsen was Chairman of Sparebank 1 Forsikring AS. Mr. Halvorsen was Director of Sparebank 1 Forsikring AS from March 30, 2017. Mr. Halvorsen is the Chief Executive Officer of SpareBank 1 Sørøst-...

Leadership Team

NamePositionTenureCompensationOwnership
Per Halvorsen
Chief Executive Officer3.3yrsNOK 6.32m0.017%
NOK 141.3k
Roar Snippen
Executive Vice President of Economics1.2yrsNOK 6.08mno data
Marianne Evensen
Executive Vice President of Compliance1.8yrsNOK 2.28mno data
Marianne Thorsdal
Executive Vice President of HR & Organizational Development3.3yrsNOK 1.81mno data
Egil Meland
Executive Vice President of Subsidiaries2.5yrsNOK 4.00mno data
Lasse Olsen
Executive Vice President of Retail Marketno dataNOK 2.61mno data
Johan Hjerkinn
Executive Vice President of Strategy & Business Developmentno dataNOK 2.21mno data
Tonje Stormoen
Executive Vice President of Business Supportno dataNOK 1.97mno data
Kristian Kloster
Executive Vice President Risk Management2.2yrsNOK 1.73mno data
Lars Hovland
Executive Vice President of Corporate Market1.4yrsNOK 1.79mno data
Live Stensholt
Head of Communicationno dataNOK 709.00kno data
Ole Thoresen
Bank Manager of Corporate Marketno dataNOK 1.50mno data

2.2yrs

Average Tenure

56.5yo

Average Age

Experienced Management: SOON's management team is considered experienced (2.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Finn Haugan
Chairman of the Board5.3yrsNOK 606.00k0.036%
NOK 290.3k
Lene Svenne
Director1.5yrsNOK 143.00k0.00061%
NOK 5.0k
John-Arne Haugerud
Deputy Chairman2.5yrsNOK 262.00kno data
Thor Strand
Member of Supervisory Board15.9yrsno datano data
Hanne Gravdal
Employee Representative Director15.9yrsNOK 206.00kno data
Oystein Beyer
Deputy Chairman of Supervisory Boardno datano datano data
Jan Nilsen
Director3.4yrsNOK 232.00kno data
Maria Tho
Director1.5yrsNOK 178.00kno data
Lars Bjørnsrud
Chairman of the Supervisory Board5.5yrsNOK 80.00kno data
Heine Wang
Director8.8yrsNOK 274.00kno data
Frede Christensen
Employee Representative Directorno dataNOK 190.00k0.0097%
NOK 79.1k
Lene Marie Thorstensen
Director2.5yrsNOK 190.00kno data

4.4yrs

Average Tenure

61yo

Average Age

Experienced Board: SOON's board of directors are considered experienced (4.4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/10/02 15:13
End of Day Share Price 2024/09/30 00:00
Earnings2024/06/30
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

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 .

Analyst Sources

SpareBank 1 Sørøst-Norge is covered by 4 analysts. 1 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
Žilvinas JusaitisNorne Securities AS