Key Financial Indicators and Balance Sheet Analysis Q1 2023
Key figures
Operations
Q1 2023
Q1 2022
Q1 2021
Q1 2020
Q1 2019
Q1 2023
Q4 2022
Q3 2022
Q2 2022
Q1 2022
Net interest income
11,015
9,528
7,342
7,253
7,434
11,015
10,524
10,421
9,804
9,528
Net commission income
4,353
3,552
3,277
3,076
2,218
4,353
3,972
4,002
4,539
3,552
Operating income
16,344
14,514
13,097
8,976
11,708
16,344
15,540
13,884
13,260
14,514
Operating expenses
Net earnings
Return on equity
7,275
6,201
6,048
6,207
6,862
7,275
8,251
5,810
6,649
6,201
6,291
5,818
6,041
(2,172)
1,018
6,291
5,023
4,863
9,712
5,818
13.7%
12.7%
12.5%
(4.6%)
2.1%
13.7%
10.7%
10.5%
21.8%
12.7%
Net interest margin
3.1%
3.1%
2.7%
2.8%
2.7%
3.1%
3.1%
3.2%
3.1%
3.1%
Return on assets
1.7%
1.8%
2.1%
(0.8%)
0.3%
1.7%
1.4%
1.4%
2.9%
1.8%
Cost-to-core income ratio
47.0%
47.4%
53.6%
57.3%
69.3%
47.0%
53.8%
38.4%
43.1%
47.4%
Cost-to-income ratio
44.5%
42.7%
46.2%
69.2%
58.6%
44.5%
53.1%
41.8%
50.1%
42.7%
Cost-to-total assets
2.0%
1.9%
2.1%
2.2%
2.3%
2.0%
2.3%
1.7%
2.0%
1.9%
Balance Sheet
Total assets
Loans to customers
Mortgages
574,029
Share of stage 3 loans, gross
1.4%
1.2%
31.03.2023 31.12.2022 31.12.2021 31.12.2020 31.12.2019
1,500,645 1,469,557 1,313,864 1,172,706 1,081,854
1,114,128 1,084,757 936,237 822,941 773,955
576,861
504,877
333,406
2.7%
409,641
1.9%
2.6%
31.03.2023 31.12.2022 30.09.2022 30.06.2022 31.03.2022
1,500,645 1,469,557 1,427,886 1,383,362 1,341,014
1,114,128 1,084,757 1,045,152 1,010,666
576,861 574,029 562,617
1.4%
1.2%
1.4%
976,383
536,610
515,760
1.4%
1.6%
REA/ Total assets
60.4%
60.1%
61.9%
63.6%
66.5%
60.4%
60.1%
60.8%
117.4%
64.9%
CET 1 ratio
18.6%
18.8%
19.6%
22.3%
21.2%
18.6%
18.8%
19.3%
19.7%
18.6%
Leverage ratio
11.3%
11.8%
12.7%
15.1%
14.1%
11.3%
11.8%
12.0%
12.7%
12.5%
Liquidity coverage ratio
173.6%
158.5%
202.8%
188.5%
188.3%
173.6%
158.5%
189.3%
163.2%
195.4%
Loans to deposits ratio
143.8%
143.6%
142.8%
144.8%
157.0%
143.8%
143.6%
141.2%
139.0%
143.6%
36 All amounts in ISK mView entire presentation