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Regional Norwegian savings bank serving Eastern Norway with retail and corporate banking, part of the SpareBank 1 alliance.
Regional Norwegian savings bank serving Eastern Norway with retail and corporate banking, part of the SpareBank 1 alliance.
Earns the interest margin on lending to households and businesses, funded by deposits, plus fees. It co-owns the SpareBank 1 alliance's product and funding companies, so part of its income comes from its share of their profits.
In one line: A Norwegian regional savings bank for Eastern Norway.
Moat: narrow (switching costs, distribution). Large regional deposit franchise and branch network in Eastern Norway.
Headquarters: Hamar, Norway · Founded: 1845 · Employees: 1,394
Size Sparebank 1 Ostlandet (SPOL.OL) is a Norway Financials company (Savings Banks) with a market value of $3.01B, the 32nd largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 205.90 on 6 Nov 2026.
Performance Over six months the shares gained 9.2%, against +9.3% for the median peer and +2.7% for the Norway market (cap-weighted) — 8th highest of 15 in its peer set.
Growth Revenue fell 1.6% over the last twelve months (peer median +5.9%); the operating margin is 49.3% (peer median 39.8%).
Valuation It trades at 1.09× book value against a peer median of 1.23× (7th cheapest of 15).
Price implies The share price implies a return on equity of about 7.1%; Sparebank 1 Ostlandet delivers 9.1%, so the price asks less than the business earns today.
Next results Next results expected around 12 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 14.0B | NOK 14.5B | NOK 12.6B | NOK 9.80B | NOK 8.30B |
| Revenue growth | — | +14% | +29% | +18% | — |
| Net income | NOK 2.29B | NOK 2.47B | NOK 2.26B | NOK 1.50B | NOK 1.32B |
| Free cash flow | NOK 4.27B | NOK 2.36B | NOK 933M | NOK 870M | n/a |
| Capital expenditure | NOK 143M | NOK 108M | NOK 232M | NOK 102M | NOK 0 |
| Total debt | NOK 46.7B | NOK 49.9B | NOK 53.7B | NOK 45.7B | NOK 48.7B |
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 Ostlandet SPOL.OL | $3.01B | +9% | -2% | 9% | 1.09× | 7.1% |
| SpareBank 1 SMN MING.OL | $3.38B | +16% | -6% | 9% | 1.08× | 7.0% |
| SpareBank 1 Nord-Norge NONG.OL | $1.96B | +26% | -4% | 8% | 0.93× | 6.6% |
| 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 | SPOL.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.4% | +3.3% | 5th highest of 16 |
| 6-month return | +9.2% | +9.3% | 8th highest of 15 |
| Return on equity | 9.1% | 10.3% | 7th lowest of 15 |
| Price / book | 1.09× | 1.23× | 7th cheapest of 15 |
| Trailing P/E | 12.2× | 13.1× | 5th cheapest of 15 |
| ROE the price implies | 7.1% | 9.9% | 3rd least demanding of 15 |
| ROE delivered | 9.1% | 10.3% | 7th lowest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Sparebank 1 Ostlandet SPOL.OL | Norway | $3.01B | +9% | -2% | 9% | 1.09× | 7.1% | 9.1% |
| Columbia Financial CLBK | United States | $2.99B | +25% | +23% | 2% | 0.95× | 6.2% | 2.3% |
| Provident Financial Services PFS | United States | $2.99B | +2% | +4% | 11% | 1.05× | 9.2% | 11.0% |
| SpareBank 1 SMN MING.OL | Norway | $3.38B | +16% | -6% | 9% | 1.08× | 7.0% | 8.8% |
| WSFS Financial WSFS | United States | $3.99B | +10% | +2% | 12% | 1.53× | 12.4% | 12.4% |
| Northwest Bancshares NWBI | United States | $2.23B | +10% | +13% | 11% | 1.18× | 9.3% | 10.7% |
| TFS Financial TFSL | United States | $4.61B | +9% | +6% | 5% | 2.72× | 18.1% | 5.1% |
| Shawbrook SHAW.L | United Kingdom | $1.96B | -12% | +5% | 12% | 0.79× | 8.0% | 12.2% |
| OceanFirst Financial OCFC | United States | $1.82B | -4% | +31% | 2% | 0.75× | 8.1% | 2.3% |
| Triumph Financial TFIN | United States | $1.46B | -8% | +13% | 5% | 1.57× | 17.5% | 5.3% |
| American Savings Bank N.A ASBH | United States | $1.30B | n/a | n/a | n/a | n/a | n/a | n/a |
| Capitol Federal Financial CFFN | United States | $1.06B | +7% | +6% | 8% | 1.04× | 8.4% | 8.4% |
| Storebrand STB.OL | Norway | $8.94B | +13% | +40% | 14% | 2.56× | 16.1% | 13.9% |
| Sparebank 1 Sor-norge SB1NO.OL | Norway | $9.31B | +24% | -5% | 13% | 1.69× | 12.4% | 12.5% |
| TrustCo Bank Corp NY TRST | United States | $947M | +17% | +6% | 10% | 1.50× | 10.7% | 10.0% |
| Southern Missouri Bancorp SMBC | United States | $775M | +2% | +3% | 13% | 1.29× | 10.5% | 12.9% |