How has SpareBank 1 Østlandet performed over the past 5 years?
16.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPOL has high quality earnings.
Growing Profit Margin: SPOL's current net profit margins (28.9%) are lower than last year (31.4%).
Past Earnings Growth Analysis
Earnings Trend: SPOL's earnings have grown by 16.2% per year over the past 5 years.
Accelerating Growth: SPOL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SPOL had negative earnings growth (-17%) over the past year, making it difficult to compare to the Banks industry average (-2.7%).
Return on Equity
High ROE: SPOL's Return on Equity (9.4%) is considered low.
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Richard Heiberg (64 yo)
10.75yrs
Tenure
kr5,055,000
Compensation
Mr. Richard H. Heiberg has been Deputy Chairman of the Board at SpareBank 1 Gruppen AS since April 4, 2018 and serves as its Director. He has been the Chief Executive Officer of SpareBank 1 Østlandet (form...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD596.59K) is about average for companies of similar size in the Norwegian market ($USD594.06K).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
Leadership Team
Name
Position
Tenure
Compensation
Ownership
Richard Heiberg
Chief Executive Officer
10.75yrs
kr5.06m
0.093% NOK 11.4m
Geir-Egil Bolstad
Chief Financial Officer
4.25yrs
kr3.37m
0.034% NOK 4.2m
Elin Ørbæk
Chief Operations Officer
1.75yrs
kr2.12m
no data
Eldar Kjendlie
Head of HR & Legal
no data
kr2.33m
0.0057% NOK 696.2k
Siv Stenseth
Head of Communications
no data
kr2.17m
no data
Hans Wedvik
Head of Corporate Banking
no data
kr2.76m
no data
Dag-Arne Hoberg
Head of Innovation & Business Development
no data
kr2.69m
0.0062% NOK 756.3k
Vidar Nordheim
Chief Risk Officer
no data
kr2.27m
0.0044% NOK 536.5k
Kari Gisnås
Head of Retail Banking
no data
kr2.92m
no data
Espen Mejlænder-Larsen
Head of Organizations & Capital Markets
no data
kr2.23m
0.0054% NOK 669.1k
Magnus Aasen
Managing Director of EiendomsMegler 1 Innlandet AS
8.33yrs
kr1.68m
no data
Bjarne Finstad
Managing Director of Sparebank 1 Finans Østlandet AS
4.83yrs
kr1.86m
no data
4.8yrs
Average Tenure
56.5yo
Average Age
Experienced Management: SPOL's management team is considered experienced (4.8 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
Siri Strømmevold
Chair of the Board
9.17yrs
kr364.00k
no data
Nina Lier
Deputy Chairman of the Board
5.17yrs
kr287.00k
no data
Espen Larsen
Chief Employee Representative Director
13.17yrs
kr1.06m
no data
Tore Dobloug
Director
2.17yrs
kr180.00k
no data
Jonny Holen
Member of the Board of Representatives
no data
kr24.00k
no data
Pål-Jan Stokke
Chairman of the Supervisory Board
no data
kr6.00k
no data
Alexander Lund
Director
2.17yrs
kr193.00k
no data
Hans-Christian Gabrielsen
Director
5.17yrs
kr142.00k
no data
Guro Vestvik
Director
5.17yrs
kr182.00k
no data
Siri Enget
Deputy Chairman of supervisory board
3yrs
no data
no data
Jørn-Henning Eggum
Deputy Director
no data
kr103.00k
no data
Marit Jørgenrud
Employee Representative Director
1.17yrs
kr967.00k
no data
5.2yrs
Average Tenure
53yo
Average Age
Experienced Board: SPOL's board of directors are considered experienced (5.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SPOL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
SpareBank 1 Østlandet's company bio, employee growth, exchange listings and data sources
SpareBank 1 Østlandet provides various financial products and services to individuals, businesses, public sectors, clubs, and societies. It offers retail and corporate banking services, deposits, loans, sa...
Company Analysis and Financial Data Status
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2021/03/04 17:21
End of Day Share Price
2021/03/04 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.