Sparebanken Øst

OB:SPOG Stock Report

Market Cap: NOK 1.4b

Sparebanken Øst Management

Management criteria checks 3/4

Sparebanken Øst's CEO is Pal Strand, appointed in Jul 2011, has a tenure of 13.42 years. directly owns 0.2% of the company’s shares, worth NOK2.83M. The average tenure of the management team and the board of directors is 4.6 years and 5.8 years respectively.

Key information

Pal Strand

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure13.4yrs
CEO ownership0.2%
Management average tenure4.6yrs
Board average tenure5.8yrs

Recent management updates

Recent updates

Sparebanken Øst's (OB:SPOG) Upcoming Dividend Will Be Larger Than Last Year's

Feb 15
Sparebanken Øst's (OB:SPOG) Upcoming Dividend Will Be Larger Than Last Year's

Sparebanken Øst (OB:SPOG) Will Pay A Larger Dividend Than Last Year At kr3.85

Feb 13
Sparebanken Øst (OB:SPOG) Will Pay A Larger Dividend Than Last Year At kr3.85

Do Sparebanken Øst's (OB:SPOG) Earnings Warrant Your Attention?

May 07
Do Sparebanken Øst's (OB:SPOG) Earnings Warrant Your Attention?

Is Sparebanken Øst (OB:SPOG) At Risk Of Cutting Its Dividend?

Feb 16
Is Sparebanken Øst (OB:SPOG) At Risk Of Cutting Its Dividend?

Shareholders Of Sparebanken Øst (OB:SPOG) Must Be Happy With Their 64% Return

Dec 18
Shareholders Of Sparebanken Øst (OB:SPOG) Must Be Happy With Their 64% Return

CEO Compensation Analysis

How has Pal Strand's remuneration changed compared to Sparebanken Øst's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

NOK 141m

Jun 30 2024n/an/a

NOK 138m

Mar 31 2024n/an/a

NOK 132m

Dec 31 2023n/an/a

NOK 118m

Sep 30 2023n/an/a

NOK 113m

Jun 30 2023n/an/a

NOK 98m

Mar 31 2023n/an/a

NOK 89m

Dec 31 2022n/an/a

NOK 79m

Sep 30 2022n/an/a

NOK 82m

Jun 30 2022n/an/a

NOK 86m

Mar 31 2022n/an/a

NOK 106m

Dec 31 2021NOK 3mNOK 3m

NOK 107m

Sep 30 2021n/an/a

NOK 101m

Jun 30 2021n/an/a

NOK 103m

Mar 31 2021n/an/a

NOK 135m

Dec 31 2020NOK 3mNOK 3m

NOK 137m

Sep 30 2020n/an/a

NOK 141m

Jun 30 2020n/an/a

NOK 148m

Mar 31 2020n/an/a

NOK 102m

Dec 31 2019NOK 3mNOK 3m

NOK 101m

Sep 30 2019n/an/a

NOK 91m

Jun 30 2019n/an/a

NOK 109m

Mar 31 2019n/an/a

NOK 118m

Dec 31 2018NOK 3mNOK 3m

NOK 125m

Sep 30 2018n/an/a

NOK 137m

Jun 30 2018n/an/a

NOK 118m

Mar 31 2018n/an/a

NOK 119m

Dec 31 2017NOK 3mNOK 2m

NOK 120m

Compensation vs Market: Insufficient data to establish whether Pal's total compensation is reasonable compared to companies of similar size in the Norwegian market.

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

CEO

Pal Strand (59 yo)

13.4yrs

Tenure

NOK 3,483,000

Compensation

Mr. Pal Strand serves as a Director of Frende Holding AS. Mr. Strand was appointed as the Chief Executive Officer of Sparebanken Øst on July 1, 2011. Mr. Strand served as its Director of Private & Corporat...

Leadership Team

NamePositionTenureCompensationOwnership
Pal Strand
Chief Executive Officer13.4yrsNOK 3.48m0.20%
NOK 2.8m
Kjell Engen
Deputy CEO & Acting CFOless than a yearNOK 1.87m0.0021%
NOK 30.2k
Arnljot Lien
Director of Technology & Automation4.9yrsNOK 1.97m0.0031%
NOK 45.2k
Kristoffer Volden
Chief Compliance Officeno dataNOK 1.16m0.0031%
NOK 45.2k
Ole Sivertsen
Director Marketno dataNOK 281.00k0.0031%
NOK 45.2k
Frode Lindbeck
Chief Risk Officer4.3yrsNOK 1.80m0.0052%
NOK 75.1k
Arne Stokke
Directorno dataNOK 352.00k0.029%
NOK 419.0k
Kristin Myhre
Head of Personnelno dataNOK 618.00kno data
Anne Siri Jensen
Director of Staff & Trusteeno dataNOK 1.27m0.0051%
NOK 74.3k
Halvor Kirkebøen
Head of Management & Control Departmentno dataNOK 1.79mno data

4.6yrs

Average Tenure

59yo

Average Age

Experienced Management: SPOG's management team is considered experienced (4.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Arne Stokke
Director5.8yrsNOK 352.00k0.029%
NOK 419.0k
Anne Siri Jensen
Director of Staff & Trusteeno dataNOK 1.27m0.0051%
NOK 74.3k
Jorund Indrelid
Director5.8yrsNOK 133.00k0.17%
NOK 2.4m
Thor Syvaldsen
Trusteeno datano datano data
Øivind Andersson
Chair of the Board of Directors9.9yrsNOK 278.00k0.31%
NOK 4.5m
Ole Hoen
Directorno dataNOK 27.00k0.25%
NOK 3.7m
May-Britt Andersen
Chairman of the Board of Trusteesno datano datano data
Sissel Fjeld
Employee Representative Director5.8yrsNOK 829.00k0.014%
NOK 196.8k
Lars Lunde
Deputy Chair of Trusteesno datano data0.014%
NOK 209.1k
Cecilie Hagby
Deputy Chair6.8yrsNOK 225.00kno data
Lina Andal Sorby
Director & Individual Investor2.9yrsno data0.017%
NOK 246.9k
Havard Saastad
Employee Representative Director2.9yrsno data0.013%
NOK 184.7k

5.8yrs

Average Tenure

63yo

Average Age

Experienced Board: SPOG's board of directors are considered experienced (5.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:18
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
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

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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 Øst is covered by 7 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
Christian BernerBeringer Finance AB
Håkon AstrupDNB Markets