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Regional Norwegian savings bank serving Northern Norway with retail and corporate banking, part of the SpareBank 1 alliance.
Regional Norwegian savings bank serving Northern Norway with retail and corporate banking, part of the SpareBank 1 alliance.
Earns mostly from the spread between loan interest and deposit costs, with commissions from insurance and mortgage products supplied by the SpareBank 1 alliance, whose jointly owned companies it also shares profits from. The local economy rests on fishing, tourism and the public sector.
In one line: A Norwegian regional savings bank for Northern Norway.
Moat: narrow (switching costs, distribution). Dominant regional deposit franchise and branch network in Northern Norway.
Headquarters: Tromso, Norway · Founded: 1836 · Employees: 1,025
Size SpareBank 1 Nord-Norge (NONG.OL) is a Norway Financials company (Major Banks) with a market value of $1.96B, the 43rd largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 180.88 on 6 Nov 2026.
Performance Over six months the shares gained 25.6%, against +3.7% for the median peer and +2.7% for the Norway market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue fell 3.6% over the last twelve months (peer median +5.0%); the operating margin is 57.8% (peer median 27.2%).
Valuation It trades at 0.93× book value against a peer median of 0.90× (11th cheapest of 21).
Price implies The share price implies a return on equity of about 6.6%; SpareBank 1 Nord-Norge delivers 7.7%, so the price asks less than the business earns today.
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 9.66B | NOK 9.88B | NOK 9.74B | NOK 8.38B | NOK 5.21B |
| Revenue growth | — | +1% | +16% | +61% | — |
| Net income | NOK 1.45B | NOK 1.59B | NOK 1.68B | NOK 1.17B | NOK 846M |
| Free cash flow | NOK 4.37B | NOK 3.48B | NOK 4.20B | NOK 4.00B | NOK 2.40B |
| Capital expenditure | NOK 22.0M | NOK 104M | NOK 84.0M | NOK 70.0M | NOK 62.0M |
| Total debt | NOK 28.2B | NOK 26.6B | NOK 25.8B | NOK 25.1B | NOK 23.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| SpareBank 1 Nord-Norge NONG.OL | $1.96B | +26% | -4% | 8% | 0.93× | 6.6% |
| SpareBank 1 SMN MING.OL | $3.38B | +16% | -6% | 9% | 1.08× | 7.0% |
| Sparebank 1 Ostlandet SPOL.OL | $3.01B | +9% | -2% | 9% | 1.09× | 7.1% |
| DNB Bank DNB.OL | $50.0B | +16% | -8% | 15% | 1.76× | 11.2% |
| Sparebanken Norge SBNOR.OL | $3.78B | +8% | +62% | 7% | 0.71× | 6.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NONG.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.9% | -0.5% | 3rd highest of 21 |
| 6-month return | +25.6% | +3.7% | 4th highest of 20 |
| Return on equity | 7.7% | 9.6% | 8th lowest of 21 |
| Price / book | 0.93× | 0.90× | 11th cheapest of 21 |
| Trailing P/E | 12.5× | 9.7× | 7th most expensive of 20 |
| ROE the price implies | 6.6% | 7.8% | 9th least demanding of 21 |
| ROE delivered | 7.7% | 10.8% | 8th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| SpareBank 1 Nord-Norge NONG.OL | Norway | $1.96B | +26% | -4% | 8% | 0.93× | 6.6% | 7.7% |
| City CHCO | United States | $1.99B | +15% | +3% | 16% | 2.55× | 13.9% | 16.4% |
| Far Eastern International Bank 2845.TW | Taiwan | $1.88B | +4% | +5% | 7% | 0.87× | 3.2% | 7.4% |
| Happen HAPN | United States | $1.84B | n/a | +26% | 14% | 1.16× | 14.5% | 13.8% |
| Seven Bank 8410.T | Japan | $2.09B | +28% | +3% | 6% | 1.41× | 5.7% | 6.3% |
| OFG Bancorp OFG | United States | $2.15B | +10% | +2% | 17% | 1.60× | 12.0% | 16.6% |
| Hyakujushi Bank 8386.T | Japan | $1.78B | +4% | +22% | 6% | 0.72× | 6.7% | 5.6% |
| Awa Bank 8388.T | Japan | $2.15B | +94% | +23% | 5% | 0.80× | 5.3% | 4.7% |
| FirstSun Capital Bancorp FSUN | United States | $1.77B | +5% | +45% | 4% | 0.98× | 6.3% | 4.2% |
| iM Financial 139130.KS | South Korea | $1.76B | -20% | +24% | 8% | 0.46× | 4.2% | n/a |
| WaFd WAFD | United States | $2.18B | -17% | 0% | 8% | 0.81× | 8.1% | 8.5% |
| Bladex BLX | United States | $2.19B | -7% | +4% | 14% | 1.05× | 9.3% | 14.5% |
| Inter & INTR | United States | $1.70B | -40% | +51% | 16% | 0.84× | 8.8% | 15.5% |
| OSB OSB.L | United Kingdom | $2.27B | +4% | -6% | 12% | 0.78× | 12.1% | 12.4% |
| Hope Bancorp HOPE | United States | $1.68B | +6% | +7% | 6% | 0.75× | 7.6% | 5.9% |
| CHINA BOHAI BANK 9668.HK | Hong Kong | $1.67B | -23% | -5% | 6% | 0.10× | 3.4% | 5.5% |
| QCR QCRH | United States | $1.64B | +11% | +3% | 13% | 1.43× | 10.9% | 12.7% |
| Tokyo Kiraboshi Financial 7173.T | Japan | $2.36B | -12% | +15% | 11% | 0.93× | 5.9% | 10.8% |
| South Indian Bank SOUTHBANK.NS | India | $1.60B | +38% | +5% | 14% | 1.25× | 18.3% | 13.9% |
| Aichi Financial 7389.T | Japan | $2.40B | +3% | +31% | 8% | 0.81× | 6.5% | 7.8% |
| Pathward Financial CASH | United States | $1.58B | -12% | -1% | 21% | 1.93× | 12.8% | 20.9% |