Sparebanken Møre announced unaudited group and parent earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, on group basis, the company reported net interest income was NOK 282 million compared to NOK 281 million for the same period a year ago. Total income was NOK 323 million compared to NOK 337 million for the same period a year ago. Profit before losses was NOK 187 million compared to NOK 210 million for the same period a year ago. Pretax profit was NOK 180 million compared to NOK 184 million for the same period a year ago. Profit after tax was NOK 127 million compared to NOK 131 million for the same period a year ago. Return on equity (annualised) was 11.0% compared to 12.7% for the same period a year ago. Diluted earnings per EC was NOK 6.40 compared to NOK 6.50 for the same period a year ago.

For the full year, on group basis, the company reported net interest income was NOK 1,093 million compared to NOK 1,042 million for the same period a year ago. Total income was NOK 1,408 million compared to NOK 1,244 million for the same period a year ago. Profit before losses was NOK 844 million compared to NOK 675 million for the same period a year ago. Pretax profit was NOK 822 million compared to NOK 621 million for the same period a year ago. Profit after tax was NOK 623 million compared to NOK 450 million for the same period a year ago. Return on equity (annualised) was 14% compared to 11.6% for the same period a year ago. Diluted earnings per EC was NOK 31.20 compared to NOK 21.65 for the same period a year ago. Net cash used in operating activities was NOK 2,498 million compared to NOK 2,661 million for the same period a year ago. Purchase of fixed assets etc. was NOK 33 million compared to NOK 13 million for the same period a year ago.

For the quarter, on parent company basis, the company reported interest income was NOK 409 million compared to NOK 361 million for the same period a year ago. Net interest income was NOK 207 million compared to NOK 210 million for the same period a year ago. Total income was NOK 251 million compared to NOK 267 million for the same period a year ago. Pre tax profit was NOK 116 million compared to NOK 118 million for the same period a year ago. Profit after tax was NOK 80 million compared to NOK 82 million for the same period a year ago. Diluted earnings per EC was NOK 4.00 compared to NOK 3.95 for the same period a year ago.

For the year, on parent company basis, the company reported interest income was NOK 1,664 million compared to NOK 1,768 million for the same period a year ago. Total income was NOK 1,272 million compared to NOK 1,094 million for the same period a year ago. Pre tax profit was NOK 710 million compared to NOK 494 million for the same period a year ago. Profit after tax was NOK 581 million compared to NOK 382 million for the same period a year ago. Diluted earnings per EC was NOK 29.10 compared to NOK 18.45 for the same period a year ago. Net interest income was NOK 800 million compared to NOK 807 million for the same period a year ago.

The company also reported on group basis impairment on loans, guarantees etc. for the fourth quarter of 2014 was NOK 7 million compared to NOK 26 million for the same period a year ago. On parent company basis impairment on loans, guarantees etc. for the fourth quarter of 2014 was NOK 8 million compared to NOK 26 million for the same period a year ago.