SpareBank 1 Østlandet

OTCPK:SPRB.F Stock Report

Market Cap: US$1.4b

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SpareBank 1 Østlandet Management

Management criteria checks 4/4

SpareBank 1 Østlandet's CEO is Richard Heiberg, appointed in Jun 2010, has a tenure of 13.25 years. total yearly compensation is NOK5.03M, comprised of 94.7% salary and 5.3% bonuses, including company stock and options. directly owns 0.098% of the company’s shares, worth $1.38M. The average tenure of the management team and the board of directors is 6.8 years and 4.7 years respectively.

Key information

Richard Heiberg

Chief executive officer

NOK 5.0m

Total compensation

CEO salary percentage94.7%
CEO tenure13.3yrs
CEO ownership0.1%
Management average tenure6.8yrs
Board average tenure4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Richard Heiberg's remuneration changed compared to SpareBank 1 Østlandet's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2023n/an/a

NOK 2b

Mar 31 2023n/an/a

NOK 1b

Dec 31 2022NOK 5mNOK 5m

NOK 1b

Sep 30 2022n/an/a

NOK 1b

Jun 30 2022n/an/a

NOK 1b

Mar 31 2022n/an/a

NOK 1b

Dec 31 2021NOK 5mNOK 5m

NOK 1b

Sep 30 2021n/an/a

NOK 1b

Jun 30 2021n/an/a

NOK 1b

Mar 31 2021n/an/a

NOK 1b

Dec 31 2020NOK 5mNOK 5m

NOK 1b

Sep 30 2020n/an/a

NOK 995m

Jun 30 2020n/an/a

NOK 974m

Mar 31 2020n/an/a

NOK 996m

Dec 31 2019NOK 5mNOK 4m

NOK 1b

Sep 30 2019n/an/a

NOK 1b

Jun 30 2019n/an/a

NOK 1b

Mar 31 2019n/an/a

NOK 1b

Dec 31 2018NOK 5mNOK 4m

NOK 965m

Sep 30 2018n/an/a

NOK 959m

Jun 30 2018n/an/a

NOK 970m

Mar 31 2018n/an/a

NOK 875m

Dec 31 2017NOK 7mNOK 4m

NOK 850m

Sep 30 2017n/an/a

NOK 546m

Jun 30 2017n/an/a

NOK 714m

Mar 31 2017n/an/a

NOK 755m

Dec 31 2016NOK 6mNOK 3m

NOK 737m

Compensation vs Market: Richard's total compensation ($USD470.52K) is below average for companies of similar size in the US market ($USD5.10M).

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

CEO

Richard Heiberg (67 yo)

13.3yrs

Tenure

NOK 5,026,000

Compensation

Mr. Richard H. Heiberg had been Deputy Chairman of the Board at SpareBank 1 Gruppen AS since April 4, 2018 until April 30, 2020 and serves as its Director. He has been the Chief Executive Officer of SpareB...

Leadership Team

NamePositionTenureCompensationOwnership
Richard Heiberg
Chief Executive Officer13.3yrsNOK 5.03m0.098%
$ 1.4m
Geir-Egil Bolstad
Chief Financial Officer6.8yrsNOK 3.28m0.038%
$ 536.7k
Elin Ørbæk
Chief Operations Officer4.3yrsNOK 2.44m0.0018%
$ 25.0k
Liv Murud
Executive Vice President HR & Legal2.4yrsNOK 2.23m0.0033%
$ 46.5k
Siv Stenseth
Executive Vice President Communication & Social Affairno dataNOK 2.38m0.0034%
$ 48.3k
Hans Wedvik
Executive Vice President of Corporate Marketno dataNOK 2.71m0.0030%
$ 42.7k
Dag-Arne Hoberg
Executive Vice President of Innovation & Business Developmentno dataNOK 2.70m0.0066%
$ 92.2k
Vidar Nordheim
Chief Risk Officerno dataNOK 2.48m0.0074%
$ 104.0k
Kari Gisnas
Head of Personal Banking & Executive VP of Retail Marketno dataNOK 2.76m0.0030%
$ 42.7k
Espen Mejlænder-Larsen
Executive Vice President of Organisation & Capital Marketsno dataNOK 2.39mno data
Bjørn-Erik Orskaug
Head of Investor Relationsno datano datano data
Magnus Aasen
Managing Director of EiendomsMegler 1 Innlandet AS10.8yrsNOK 1.78mno data

6.8yrs

Average Tenure

59.5yo

Average Age

Experienced Management: SPRB.F's management team is seasoned and experienced (6.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Siri Strommevold
Chair of the Board17.7yrsNOK 509.00kno data
Nina Strom Swensson
Deputy Chairman of the Board13.7yrsNOK 385.00kno data
Tore Dobloug
Director4.7yrsNOK 350.00kno data
Jonny Holen
Member of the Board of Representativesno dataNOK 24.00kno data
Pål-Jan Stokke
Chairman of the Supervisory Boardno dataNOK 6.00kno data
Alexander Lund
Director4.7yrsNOK 328.00kno data
Siri Enget
Deputy Chairman of supervisory board5.5yrsno datano data
Sjur Smedstad
Director1.7yrsNOK 192.00k0.0013%
$ 18.8k
Jorn-Henning Eggum
Director2.7yrsNOK 230.00kno data
Elin Ostli
Deputy Directorno datano datano data
Idun Fridtun
Director1.7yrsNOK 188.00kno data
Catherine Norland
Director1.7yrsNOK 201.00k0.00020%
$ 2.8k

4.7yrs

Average Tenure

55.5yo

Average Age

Experienced Board: SPRB.F's board of directors are considered experienced (4.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/09/12 03:33
End of Day Share Price 2023/06/15 00:00
Earnings2023/06/30
Annual Earnings2022/12/31

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

SpareBank 1 Østlandet is covered by 5 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
Håkon AstrupDNB Markets
Žilvinas JusaitisNorne Securities AS
Vegard ToverudPareto Securities