Overview
Norwegian bank's Q4 profit rises to NOK 11.6 bln, driven by lending growth
DNB Carnegie boosts commission income, doubling fee-based revenue yr/yr
Company proposes NOK 18.00 per share dividend, benefiting Norwegian society
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
LENDING GROWTH - DNB reported a 4.9% increase in lending, with strong growth in corporate and personal lending segments
COMMISSION INCOME - DNB Carnegie's strong performance and merger completion drove a 31.5% increase in commission and fee income
MUTUAL FUNDS - DNB's mutual funds saw significant growth, with 4 out of 10 NOK saved in Norway placed in DNB-managed funds
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
NOK 7.65
Q4 CET1 Capital Ratio
17.90%
Q4 ROE
16.60%
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 15 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "hold"
Wall Street's median 12-month price target for DNB Bank ASA is NOK289.00, about 1.9% above its February 3 closing price of NOK283.50
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nWkrrvZwQ
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
