Melhus Sparebank Information and Insights

Melhus Sparebank is a Norwegian bank that has been serving the community for over 180 years. It was founded in 1842.

The bank has a long history of stability and growth, with a strong presence in the region. Melhus Sparebank has a total of 6 branches.

One of the bank's key features is its commitment to providing personalized service to its customers. This is evident in its small branch network, which allows for a more intimate and personalized experience.

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Melhus Sparebank has reported its earnings results for the fourth quarter and full year ended December 31, 2024, on February 4.

The bank has also released its earnings results for the third quarter and nine months ended September 30, 2024, on November 14.

Here are the key dates for Melhus Sparebank's earnings reports:

Melhus Sparebank has reported earnings results for the fourth quarter and full year ended December 31, 2024, on February 4.

The bank has also reported earnings results for the third quarter and nine months ended September 30, 2024, on November 14.

These reports provide valuable information for investors and stakeholders, giving them a glimpse into the bank's financial performance.

Melhus Sparebank's earnings reports are a great resource for anyone looking to stay up-to-date on the bank's financial activities.

Here are the dates of Melhus Sparebank's reported earnings results:

The bank has a team of experienced managers and directors who oversee its operations.

Anette Strom is the Compliance Officer, but her age and start date are not specified.

Ragnar Torland, a 60-year-old Corporate Officer/Principal, has been with the bank since 2012.

Ragnvald Lenes, another Corporate Officer/Principal, is 65 years old and has been with the bank since 1984.

The bank's Chairman is Bjarne Berg, a 56-year-old who has been in the role since 2003.

Anne Hakvåg and Merethe Moum are both Director/Board Members, but their ages are not specified.

Here's a brief overview of the bank's top management team:

Melhus Sparebank has had a strong financial performance in recent years. The bank's current year performance is up +6.31%.

The bank's sales by activity show a steady growth in the retail market, from 93.88M in 2019 to 235M in 2023. This is a significant increase of 151.4%.

Here's a breakdown of the bank's sales by activity over the past few years:

The bank's net interest income has also seen a significant increase, from 187.9 million kroner in 2022 to 249.1 million kroner in 2023.

Let's take a closer look at the sales performance of Melhus Sparebank. The retail market has seen a significant increase in sales, reaching 235M in 2023, up from 87.2M in 2022.

The undistributed sales have also shown a notable increase, rising to 78.89M in 2023. This is a 25% increase from the 62.43M in 2022.

Corporate market sales have seen a significant decline, dropping to 5.27M in 2023. This is a 94% decrease from the 96.16M in 2022.

Here's a summary of the sales by activity:

In Norway, Melhus Sparebank's sales have seen a significant increase, from 221M in 2019 to 320M in 2023.

Looking at the numbers, we can see a steady growth trend in Norway. The sales figure more than doubled in just four years.

Here's a breakdown of Melhus Sparebank's sales in Norway over the past five years:

The sales in Norway have shown a consistent upward trend, with a notable increase in 2023.

Melhus Sparebank has delivered its strongest result ever, with high interest income contributing to the impressive outcome.

The bank's annual result for 2023 is 135.4 million kroner, up from 100.6 million kroner in 2022.

A strong growth in net interest income is a key factor behind the bank's success, increasing from 187.9 million kroner to 249.1 million kroner in 2023.

The bank's cost growth has been relatively stable, with costs increasing to 44.3% of income, down from 48.1% in 2022.

Here's a summary of Melhus Sparebank's performance over various time periods:

The bank's return on equity is 10.6%, up from 8.5% in 2022, indicating a strong performance.

Melhus Sparebank has been assigned a long-term issuer rating of 'A-' by Nordic Credit Rating, with a stable outlook. This rating reflects the bank's robust capital position, low risk appetite, and strong earnings.

The bank has a cooperation agreement with the Eika banking alliance, which provides product diversity, shared development costs, and the opportunity to finance residential retail mortgages through mortgage company Eika Boligkreditt.

Melhus Sparebank's short-term issuer rating is 'N2', and its senior unsecured issue rating is also 'A-'. Its Tier 2 issue rating is 'BBB+', and its additional Tier 1 issue rating is 'BBB-'.

Here's a summary of the bank's ratings:

The bank's valuation shows a market capitalization of around 486 million, with a P/E ratio of 10.8x in 2024 and 11.7x in 2025. Its enterprise value is around 3.78 billion, with an EV/Sales ratio of 1.4x in 2024 and 1.42x in 2025.

The free-float of Melhus Sparebank's stock is around 56.09%, with a yield of 6.86% in 2024 and 8% in 2025.

Melhus Sparebank has been a trusted financial institution in Norway for over 120 years, with a rich history dating back to 1899.

The bank's strong foundation is built on its commitment to serving the local community, with a focus on providing personalized financial services to its customers.

Melhus Sparebank has a network of 5 branches, strategically located to cater to the needs of its customers in the region.

The bank's commitment to innovation is evident in its adoption of digital banking solutions, allowing customers to manage their accounts online or through mobile banking apps.

With a dedicated team of experienced professionals, Melhus Sparebank is well-equipped to navigate the complexities of the financial market and provide expert advice to its customers.

Melhus Sparebank has reported its earnings results for the fourth quarter and full year ended December 31, 2024, on February 4.

The bank's earnings results for the third quarter and nine months ended September 30, 2024, were announced on November 14.

Today's stock recommendations at a glance are available, with Norne Securities raising its target price for Melhus Sparebank to NOK 163 (162) on August 26, 2024.

Melhus Sparebank also reported its earnings results for the second quarter and six months ended June 30, 2024, on August 15, 2024, and for the first quarter ended March 31, 2024, on May 14, 2024.

Here is a list of Melhus Sparebank's earnings results for the past few years:

Melhus Sparebank has also announced an ex dividend of NOK 13.50 as from March 21, 2025.